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 Replies: 38 / Views: 4,367 |
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Valued Member
Canada
224 Posts |
I am at a predicament at the moment. I want to sell 4 rolls worth of 1954 Korean War Nickels to someone on Craigslist (They are selling coins, and I want to sell coins to them so they can sell them). Each nickel is in a little plastic bag made of polyethylene to stop further wear, and these bags cost 1.7 cents each. The average grade of these nickels is VF-20. I want to sell these coins to this dealer at a price that he could sell them for profit and I can make profit evenly (Well, first off, I got the rolls for face at a bank). What should be the price? |
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Pillar of the Community
United States
1695 Posts |
Korean War Nickel? You are joking, no? WWII nickels are so designated due to silver content. And the Korean War ended in 1953. Your coins are fron 1954. I am confused by your post. |
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Pillar of the Community
United States
3470 Posts |
You might want to start by finding out of the dealer is interested in purchasing 4 rolls of circulated 1954 nickels.
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Valued Member
 Canada
224 Posts |
Welcome to Canada
WWII Canadian nickels are:
-1942-43 Tombac (.88 copper .12 zinc) (worthless metals)
-1944-45 Chrome-plated steel (worthless metals)
-1943-45 had a fancy V for Victory design
Korean War Canadian Nickels:
-1951-1954 Chrome plated steel with regular Beaver design (Worthless metal)
-'54 wasn't during the war, but still considered to be Korean War due to influence
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Valued Member
Canada
224 Posts |
nfine they say "serious inquiries only", so I want the price first before hand. Plus I've always been curious as to what they are worth.
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Pillar of the Community
Canada
1505 Posts |
How quickly do you want these sell? 160 low grade common nickles will likely be a tough sell.
I would make 3 piles, first for VF35 and lower, second for XF40 - AU58, third for MS.
First pile gets sorted into larger lots, maybe by the roll and sold in bulk, maybe 2-3x face if lucky, but probably FV.
Second pile, range from $0.50-$2.00 and as individuals
Third, 50% trends
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Valued Member
Canada
395 Posts |
Honestly I doubt they will want to give you anything for 4 rolls of roughly VF 1954 nickels. If you're lucky a dealer might offer 4-5 bucks a roll.
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Valued Member
Canada
224 Posts |
There doesn't seem to be too many high-grade ones, if any.
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Valued Member
Canada
224 Posts |
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Pillar of the Community
United States
4233 Posts |
At full VF20 trend price according to J&M you've got $80, you have to split the "profit", and you have to find 160 buyers. Am I missing something? Doesn't seem worth a whole lot of effort. If I just wanted to get rid of them I'd say $20.
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Valued Member
Canada
89 Posts |
I say you would be lucky to get face value for these coins. After all, what you have are circulated, common date coins made of a base metal. If a dealer bought your coins all he would do is throw them in his junk bin, where the price would be marked something like 3 or 4 coins from this box for $1...and even at that price it's a difficult sale for the dealer.
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Pillar of the Community
 Canada
9864 Posts |
You'd be doing good at $20. I saw some in a junk bin last week 5 for $2. There was quite a layer of dust on top, not big sellers, I didn't even want to get my hands dirty looking for a '54 NSF or some '53 mules so I convinced myself that the dealer had done so already. If you had a lot of time and patience ebay would bring you a better return. In over 50 years of collecting you are the only person I have ever seen refer to the '54s as Korean war coins. Where did you come up with this? "Dipping" is not considered cleaning...
-from PCGS website
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Pillar of the Community
Canada
1463 Posts |
I've heard them referred to as Korean War Nickels before. I think you should make it easy and say 4 times face so 20 cents each |
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Bedrock of the Community
Canada
10743 Posts |
Yeah, I've them being called that before too.  If you can get $20 for those, go for it I would say. |
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Valued Member
Canada
224 Posts |
Here are the "Uglies", totaling at 90 nickels. Sell 'em for 7-8 cents a piece?  |
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Valued Member
Canada
224 Posts |
Here are the worn, but non-defected nickels, totalling at 16.  |
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Replies: 38 / Views: 4,367 |
Posted 01/01/2017 10:36 pm
