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 Replies: 21 / Views: 3,824 |
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Valued Member
Canada
329 Posts |
just wondering if its worth keeping nickle quarters and dimes just for the fact that they are being arp'd to oblivion? or is it only worth keeping ones in half decent or good condition? coins and Canada has quarters listed as being worth 45 cents, but a quick look on ebay shows me that no one is bidding on even the 92 and 99 series. |
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Pillar of the Community
Canada
1747 Posts |
I had been hoarding these when nickel pricing was high (along with the pre 81 nickel nickles) but I came to the same conclusion. I doubt these will ever become worth much more than face (other than the few key dates 91-2000) so I rolled them all up and cashed them in.
also you need to realise that the mint made a ton of sets for these years, and therefore high grade examples are out there
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Valued Member
 Canada
329 Posts |
yeah thats kind of what I was thinking too, except that once I cash them in they are gone for good. well I guess if nothing else less of them might make the set or two I keep worth more in future
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Pillar of the Community
Canada
3049 Posts |
For nickles at this point... I have been taking all my pre'81's out and just dumping into a box.... if/when I really need that coin.. I can always get it.. until then.. perhaps it could pay off with a big jump in nickel prices.
For the rest... I only have been taking UNC's if I come across them. Which is slim pickings... but my theory here is that I'm still getting them only for face value.. so really no cost... and with all of the early 90's stuff most likely "ARP'ed" there really might be a bit of a demand for 'em much later down the road.... (no rink then right)?
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Pillar of the Community
Canada
532 Posts |
It all has to do with the cost of making the coin. The pure nickles stopped in 82 and today the production costs are more reasonable due to the plated steel for all denominations.
I myself keep a small assortment of even the cupro-nickle's since the recovery program. Regarding the 25 cent and 10 cent coins I've kept nice examples of each year but no more than a roll per year. I never collected them for mineral content anyway after the silver was done.
Nickles were pure nickle yet you can't melt them down and the're not truly a precious metal. The cost of the base metal only seems to ensure you'll get your money out of holding onto it if it's in short supply in the future. Recycling the coins could potentially create a key date out of what was once considered a common coin in my opinion.
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Pillar of the Community
710 Posts |
Keep and pass along to new collectors!  |
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Pillar of the Community
Canada
2632 Posts |
I roll it all back up, I used to keep nearly everything but for what. I search and keep whats good thats it, I have recently rolled back up dates from the 30s, 40s, 50s and 60s the condition just wasnt there, and I have no where to melt them down regardless of law I would melt them anyway they're just junk scrap metal that nobody will ever miss or care about. I do keep 30-50 coins per decade and try to improve them every time I search.
Edited by Alexer
03/23/2015 7:57 pm
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Valued Member
Canada
329 Posts |
thanks. based on the replies, I will keep one or two sets of the nicer examples.
rather than bank the left overs I will spend them giving someone else the opportunity if they want them.
why cant you melt nickles? law or physically difficult or cost more to melt than end product worth?
@pennyman, I hope you were rolling up cents, and not scrap silver?
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Pillar of the Community
Canada
2632 Posts |
@wazz - Like I say I keep whats good, includes all denominations. Would you have kept this 2000 nickel (on the right)?  |
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Valued Member
Canada
329 Posts |
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Pillar of the Community
Canada
2632 Posts |
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Valued Member
Canada
329 Posts |
that would explain the different look in the pic, but a silver nickle? must be broken out of a set.
oh yeah for your coins from the 30s 40s etc, (assuming they were silver) if you dont want to melt them down yourself, but want to get rid of them, pawn shops or coin shops would take them at over face value. just not clear if you were rolling up junk silver.
Edited by wazzappenning
03/24/2015 12:43 pm
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Pillar of the Community
Canada
2632 Posts |
No I'm not talking silver just copper and nickel. Roll searching I rarely find any silver.
I found that silver nickel in a roll.
Edited by Alexer
03/24/2015 1:05 pm
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Valued Member
Canada
329 Posts |
i dont think anyone finds silver anymore.
i meant someone else must have broke it out of a set.
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Valued Member
Canada
254 Posts |
Only the nickel has metal content worth more than its face value, but I have no idea who would buy nickels to melt, or if it's even legal. I don't have very many rolls of pre-2000 coins but I'm saving them for now, just because you never know if you need them! I feel like a hero saving coins that will be sent back to the mint to be scrapped.
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Moderator
 Canada
10458 Posts |
I know one dealer, who buys pre-1982 5-cent coins, for a small price above face value...
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Replies: 21 / Views: 3,824 |
Posted 03/23/2015 1:40 pm
