To Search Or Not To Search? - Coin Community Forum

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Author	Replies: 3 / Views: 1,390
ace_ftw Pillar of the Community Canada 1747 Posts	Posted 06/07/2014 10:16 pm For about a year now I have been searching nickels, dimes and quarters and I have finally hit a sweet spot, for the past 5 weeks I have found silver every week. This past week I was looking at my finances and I was wondering if searching quarters was worth it. I have been keeping all the 68-99 99.9% nickel quarters (here in Canada) and have stacked almost $200 in FV. Same with the Dimes. I don't know what $ Value I have stacked of Nickel Nickels, as they are in bins. I know that in a couple years these will not be easy to find because of the Alloy Recovery Program here and of course if nickel sky rockets I have a gold mine. The Question I pose is do you save these or spend them? I would keep the nickels, because spot price is almost 2x now, but for dimes/quarters the spot would need go up 8 or 10x before they are worth more than face. so what do you think? Report this Post to the Staff

fistfulladirt Pillar of the Community United States 4333 Posts	Posted 06/08/2014 4:30 pm It all depends. If I were roll hunting full time, profit-wise it would never be worth it. I haven't made a profit since I sold several hundred 40% halves, and that was a few years ago. I'd never really expect to profit; but I roll hunt for the cheap thrill, and love of the hobby. I've always said, take on a second job, or work OT to build up your pile of metal. When I listen to LED ZEPPELIN...so do my neighbors... Roll hunting since '77 Dirt fishing since '72 Report this Post to the Staff
ASLAN TVorlon Pillar of the Community United States 1234 Posts	Posted 06/08/2014 4:43 pm Quote: 68-99 99.9% nickel quarters and you save all full nickel 5 cent's? that was what 1981-2-3 something.... I'd say if you are worried about holding too much money value in (Ni) change make the cut off early 80's and hold a roll of each year after that in AU-BU shape. (I'm assuming you are sitting on hundreds maybe thousands of dollars... a roll each maybe a buck each for them) If the "Alloy Recovery Program" is as bad for Canadian Coins as the Pitman act was to US coins then 30-40-50 years from now a BU 1979 quarter might be worth the time to sit on it. Assuming most of the others are melted down. The Magic 8-ball is fuzzy and the crystal needs replacing in my crystal ball I've gotten to the point on copper US pennies to toss them back unless they are 'Purdy' Report this Post to the Staff
ace_ftw Pillar of the Community Canada 1747 Posts	Posted 06/09/2014 12:45 pm With the program, you regularly will not find anything newer than 2001 in all denoms (no more pennies) So you need to be sneaky when roll hunting and ask for the older rolls. Report this Post to the Staff
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