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 Replies: 11 / Views: 3,481 |
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New Member
United States
10 Posts |
I don't mean US nickels, but coins like ones from canada. I hear about people hoarding US nickels and pre 1982 pennies but not so much with nickel.
Edited by dailyYen36
06/28/2013 01:33 am
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Bedrock of the Community
13014 Posts |
With nickels the face value is higher so youre costing yourself money viewing it just as a metal. I dont see any upside to it, but if you get them for face value you dont have anything to lose either. Theyll always be worth what you paid youll just have money tied up in them.
Edited by basebal21
06/28/2013 01:40 am
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Pillar of the Community
United States
1454 Posts |
IMO, they're simply too heavy and take up too much space for their potential future value.
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Bedrock of the Community
Australia
21786 Posts |
I have about 150 pure nickel World coins. All have come from dealer's junk boxes.
They have usually been pulled from cupronickel groups of coins.
I don't bother to look for them unless they are going REALLY cheap.
It is not worth bothering to collect World pure nickel coins otherwise.
If you are going to search for pure nickel coins in junk boxes, take a fridge magnet with you,
and beware of the by-catch with plated steel and stainless steel coins.
Having said all of the above, an interesting and varied accumulation can be built up.
I used to accumulate World scrap silver in the same way, but not these days; junk World silver is now quite scarce, and larger coins are often sold individually.
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Pillar of the Community
United Kingdom
548 Posts |
Hoarding any non-precious metal is plainly ridiculous. To make any real money out of it you need kilograms of the stuff. I can understand why people steal copper pipe and cable. There's money to be made if you can get it to a scrap dealer quickly. But if all you're doing is storing coins then that's crazy and I don't hesitate to call anyone doing such a thing a true nutcase.
Edited by Demarco Bishopp
06/28/2013 07:01 am
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Pillar of the Community
United States
1454 Posts |
Quote:
But if all you're doing is storing coins then that's crazy and I don't hesitate to call anyone doing such a thing a true nutcase. DB, You know it's okay to speak your mind around here. You don't have to sugarcoat things all the time and beat around the bush. Don't hold back next time. We can handle the truth, and you're among friends.  |
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Valued Member
United States
239 Posts |
Id rather start collecting copper than nickel.
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Pillar of the Community
Canada
2805 Posts |
A nickel nickel is worth 7 cents, having reached 11 in the past. I don't see why not, if you can get a bigger return than copper pennies (unless you all failed to read the "Canadian nickel" clause in the first post?). I'm at about $14 tied up in these things, where I find about $5 in nickel nickels per box...
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Pillar of the Community
Canada
2019 Posts |
Nothing wrong with collecting nickels, just remember that someday you will have to move it or sell it so don't fill your house with them lol. I like the 1oz nickel semi numismatic bullion coins , they show very well but they are not good as a bullion investment .They have more value as a semi numismatic then bullion.I have seen the 1/2 oz nickel semi numismatic selling for 7 to 9 dollars each or more on ebay. Want to add that the few 1oz semi numismatic nickel coins that I have seen on ebay go for 10 to 15 dollars and I have not seen many, I do want some of the sunshine mints 1oz elephants nickle coins, have seen a few for 15 dollars or so on ebay. Cant seem to find any cheaper so may have to bite the bullet and buy a few. Edited by Northerncoins
06/28/2013 2:53 pm
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Pillar of the Community
Canada
2019 Posts |
Edited by Northerncoins
06/28/2013 4:15 pm
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Valued Member
United States
385 Posts |
Perosnally, I would not hoard nickel coins at this very moment because I can sell foreign coins in bulk lots on ebay for much more (averaging around $7/lb after fees). Should the price of nickel surpass that, I'll find myself keeping all of the French 1, 2 Franc and 50 Centimes Coins, modern Belgium coins except the Belgian 50 Francs and all of the modern Netherlands coins and obviously Canadian Nickels, all of which are 99.9% nickel. Remember, investing in pure is important. I recall seeing a nickel high of around $24, it certainly is a very important metal even of greater importance than silver (during WW2 - silver nickel era), but don't hoard anything of lower purity such as US nickels. I hope this helps. |
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Pillar of the Community
Canada
746 Posts |
Love sorting nickels while watching a boring football/soccer game. Passes the time... what can I say? Better than munching on potato chips & pizza I guess...  |
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Replies: 11 / Views: 3,481 |
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Posted 06/28/2013 01:52 am
