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Replies: 19 / Views: 6,729 |
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Valued Member
Canada
115 Posts |
Hello everyone, Nice to meet everybody. I am new here and actually just recently got into coins. I inherited recently some pre 1968 Canadian coins. Dollars quarters nickels dimes pennies etc.Some are circulated and some are not. I got a lot of nickels from 1920s to 1960s. Most are 1940's and 1950's. These are mostly circulated and conditions vary. My 1968/1967 nickels look uncirculated rolled up Is there a lot of value here with 1940,s nickels and 1950's? My question would be what to do with them? I am talking hundreds and some are in decent condition. What would be logical thing to do? To learn how to grade them and try to sell individually or go through someone with more experience. Or possibly hold on to this nickels. I would prefer to sell and only hold on to a few. Your advice is appreciated. Thank you,
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Pillar of the Community
Canada
1505 Posts |
coinsandcanada.com is probably a good resource to start with. Let us know what you find and we can help you a bit further.
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Pillar of the Community
 Canada
5589 Posts |
Except for the '47 dot, 2 special 1951 varieties, and some '53 & '54 varieties, most of the 50's & 60's nickles have little premium value except in the extremely upper grade. The '25's and varieties of the '26 & 32 are worth large premiums. All of the nickles that were actually made of nickel are worth more than 5 cents just in scrap value, but coins in XF or above can be worth a dollar or two. As was suggested, go to the CoinsandCanada website and look at both the grading and variety ID sections for the individual dates. The prices in there are for FULL retail value and you should only expect 40-60% of what's listed there if you sell them to an individual, probably less to a dealer.
Welcome to the site here.
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Pillar of the Community
United States
1096 Posts |
 I'm afraid that okiecoiner may be correct in that, aside from the die varieties and anything pre 1940's, there isn't much value in 40's, 50's nickels.. The world war 2 "V" nickels are popular among collectors as well but only in higher grades. I have a huge lot of nickels, similar to what you have, I bought at a coin show. And I have tried selling them individually, and well lets just say I still have a large lot of nickels.. I've already picked out the coins I needed for my sets. The remaining 20's, 30's, WW2 "V" nickels and some of the 60's proofs sold for about $1-$2 a piece. The rest will be sold as a lot someday. That's really the most cost effective way to get rid of them.
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Pillar of the Community
Canada
5241 Posts |
My LCS sells the common nickels for 10 cents a piece, and unless they are a rare variety or high grade, they have no premium unfortunately.
1000s of people put together date sets from circulation, when it was still possible 20-30 years ago, and these come into a dealer's shop several times a month.
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Valued Member
 Canada
115 Posts |
Thanks for the info. I am familiar with coinsandcanada, and a few other sites. Will try to use them as an resource.
General consensus here would be to avoid dealers and coinshops correct? Try to grade, and price out myself privately no?
I have significant quarters and dimes as well from these periods 30's 40's 50's 60's.
I was thinking about just scrapping as silver initially, but have seen these past weeks. They may bring more value individually. Especially in terms of grade and rarity, if some stand out.
Thanks,
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Pillar of the Community
 Canada
5394 Posts |
Have fun and good luck. You have the same dilemma as countless others.
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Valued Member
Canada
395 Posts |
I don't think you need to avoid dealers and coinshops they have a place you will just get less. I think you are underestimating how much time it will take to grade and price them out yourself especially if you don't already have the coin knowledge and how little money you will get for your effort. If you plan on keeping some and starting your own collection I would learn as much as you can and keep what you want and then cherry pick anything worth at least double digits and sell the rest off as a bulk lot. If you don't plan on starting your own collection maybe try to do a quick look through for extreme high value coins but sell the rest in a bulk lot, obviously if you go to a private individual for any sale you'll get more then going to a coin shop. You will save yourself a large headache and a disappointingly small profit if coins don't actually interest you.
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Valued Member
United States
214 Posts |
For circulated nickels, sell them in lots on ebay. Expect the selling price before ebay & paypal fees to be about 25c per nickel for 1922-1936 and at least 10c per nickel for 1937-1959. For coins looking AU/UNC you can try to sell them individually (or in small groups) on ebay, but it is probably not worth the effort. Feel free to post pictures of you best looking coins in the grading section and you'll get a lot of free advice.
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Valued Member
 Canada
115 Posts |
Alright thanks for the great advice. I am thinking to gain more knowledge, and start collecting in the future. But I will post a few of the better coins maybe in the grading section for sure, as I am learning more about grades and whatnot. As well I will think about bulk lots, for some of the nickels. Is ebay the best in terms of selling coins? Paypal does carry high fees for sure.
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Pillar of the Community
Canada
3049 Posts |
ebay is certainly the biggest market.. and I think the fees combined are less than 20%... I have heard around 13%.. which is reasonable given the audience it commands.
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Pillar of the Community
Canada
5241 Posts |
@aswag, those prices are what my LCS sells them for, so that is a reasonable expectation on ebay. However, remember that most people already have the common ones, so you might just be sitting on them for some time before they sell.
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Valued Member
 Canada
115 Posts |
I was looking at two particular years for mint nickel yesterday. 1967 and 1968. I got some high quality coins in those years that came out of rolls, I think they are very high in grade. From 64-66 range. I noticed on ebay it varies a lot in terms of prices. Graded ones are asking a lot more. 1) What would a 67 year - 66 MS Grade bring, in terms of range and in today's market? 2) Or a 68 year - 66 MS Grade? Some others years, I have in high condition are 1945, 1944, 1942. These were not in rolls, but were kept in really nice condition. Thanks,
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Pillar of the Community
 Canada
5394 Posts |
In a few words ........virtually unsaleable. No one collects like this any more. BU rolls of 1958 to 1968 are a tough sell. Nickel five cents may scrap out at more than five cents each , good like getting it.
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Pillar of the Community
Canada
2845 Posts |
I agree, there is an over abundance of nickels, particularly 67 and 68. I'd venture to guess any collector today having inherited an existing coin collection has rolls and rolls of them. My theory only, but in the mid 60s when it became known that Canada was about to cease the minting of silver coins, folks began pulling from circulation all denominations because of the potential higher than face value. So possibly it was a misunderstanding, the nickel being silver coloured, or otherwise a false rumour that all "silver" coins were about to be taken out of circulation and collectors thought they'd have future value. Then later, during silver market peaks, some of the silver was melted. However time marches on and those nickels still remain in collections, nowhere to go.
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Pillar of the Community
Canada
1984 Posts |
Its pretty unlikely you will get a 66. I sent in around 30 or 40 1960s nickels a year or so ago. There were a couple I thought would make 66 but none did.
A 1967 in MS65 sells for around $60 and a 1968 in MS65 might get $20. But MS64 coins are probably worth less than the holder cost. So you had better be sure what you are sending in.
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Replies: 19 / Views: 6,729 |