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Are Any Jefferson Nickels From 1960-1969 Worth Saving From CRHing?

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aristarchus123's Avatar
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 Posted 08/26/2023  4:19 pm Show Profile   Bookmark this topic Add aristarchus123 to your friends list Get a Link to this Message Number of Subscribers
I think I know the answer is "no." I have quite a few in jars, and before I roll them up and deposit them at the the bank, I just wanted to ask here to be sure. If there is any distinctive error I should be looking for from these years, do let me know. I checked the CherryPicker's Guide and just see: 1963-P Triple Die Reverse, and 64-D RPM. These two would be difficult to find in circulated coins, I suspect.
Are-Any-Jefferson-Nickels-From-1960-1969-Worth-Saving-From-CRHing?
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 Posted 08/26/2023  5:39 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Your eyes are no doubt better than mine. To me, they're spenders.
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mrwhatisit's Avatar
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 Posted 08/26/2023  6:07 pm  Show Profile   Bookmark this reply Add mrwhatisit to your friends list Get a Link to this Reply
A few are, like any circulated proofs, and aside from a few varieties you mentioned nothing greatly special about any of them.
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Brandmeister's Avatar
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 Posted 08/26/2023  7:16 pm  Show Profile   Check Brandmeister's eBay Listings Bookmark this reply Add Brandmeister to your friends list Get a Link to this Reply
There is a well defined 1962 DDR, and also a 1961 D over Horizontal D. You can find both on Brian's Variety Coins (which is the ongoing Wexler index for nickels).

I believe that some people save 1960-1962 nickels now. Also, it seems that some folks have had luck selling single year 1960-1969 rolls of nickels on ebay for decent prices. But I don't know much about that (yet).
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 Posted 08/26/2023  8:09 pm  Show Profile   Bookmark this reply Add pristine2 to your friends list Get a Link to this Reply
Numismatic interest in circulated nickels has always been lackluster. Mid-century pennies are worth much more relative to their mintage and condition. You can still find early Jeffersons in circulation -- more easily than wheat pennies. I found a 1947-S not too long ago.

But there will come a time, probably soon, when nickels will be replaced with a cheaper alloy, at which time the salable value of common-date Jeffersons coins will move toward their actual melt value, which is already higher than 5c. The days of big troughs in the prices of copper and nickel are probably over. The cost of producing a nickel is already heading toward 10c.

If I had to predict, I'd say nickels will actually be produced using nickel-plated austenitic (non-magnetic) steel sometime before 2027.
Edited by pristine2
08/26/2023 8:12 pm
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 Posted 08/26/2023  9:22 pm  Show Profile   Check Brandmeister's eBay Listings Bookmark this reply Add Brandmeister to your friends list Get a Link to this Reply
I have to be honest, I think nickels are so much better than cents. They are so much more durable, so the coin is usually in better condition, and there aren't a huge variety of tiny details to memorize.

If and when they retire the current model of nickel, I think that will spike interest similar to wheat cents getting retired for LMC coins.
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 Posted 08/27/2023  01:27 am  Show Profile   Bookmark this reply Add AllSeasons to your friends list Get a Link to this Reply

Quote:
If I had to predict, I'd say nickels will actually be produced using nickel-plated austenitic (non-magnetic) steel sometime before 2027.


I'm gravitating towards nickel plated zinc. Zinc and steel are about the same price, but steel tends to give banks problems; also not sure how they would do in vending machines, well, those that still take nickels, anyway. It would also be easier for the mint to source zinc (and get better prices), since they're already using a ton of zinc. Also, any plating on plated steel is prone to wearing off, which can cause rusting on the steel underneath (just like the steel pennies).

If I remember correctly, Congress recently asked the US Mint to find ways to debase our coins even further, or as they say, to save money. So this may come to pass sooner than we might think.
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 Posted 08/27/2023  05:50 am  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
They would all be spenders to me.
Take a look at my other hobby ... http://www.jk-dk.art
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 Posted 08/27/2023  09:27 am  Show Profile   Check Brandmeister's eBay Listings Bookmark this reply Add Brandmeister to your friends list Get a Link to this Reply
Not zinc! Perish the thought. I think it's appalling how new cent coins will get scratched and develop plating bubbles and zinc rot. Would much, much rather have a solid alloy coin with no core.

If they were going to go the core route, I would much rather have clad than plated, although clad is still much inferior to solid.
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 Posted 08/27/2023  7:36 pm  Show Profile   Bookmark this reply Add aristarchus123 to your friends list Get a Link to this Reply
OP here - Thanks everyone! I rolled them up today without examining the dates. I pulled out around 50 that looked AU, and I did find a 1968-S impaired proof. These nickels were from my early days of CRHing, and I'm amazed that I missed the impaired proof back then. It was fun surprise today, however. By the way, the total amount in nickels in the photo was $485.35. That's more than I had expected. Time to go to the bank.
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John77's Avatar
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 Posted 09/05/2023  11:24 pm  Show Profile   Check John77's eBay Listings Bookmark this reply Add John77 to your friends list Get a Link to this Reply

Quote:
I believe that some people save 1960-1962 nickels now. Also, it seems that some folks have had luck selling single year 1960-1969 rolls of nickels on ebay for decent prices.


That would be me, among others... also the 1971 Philly nickels do quite well - I have no problem getting $9 for a problem-free roll. And 1970-S rolls are also in demand... $4 or more for a circulated roll.

-----

Getting back to the OP... Actually, the correct answer was "YES"..

Too bad I was busy and missed this... could've made you some money, my friend... but, going forward...

Save the 1960, 1961, 1962, 1963, 1965, 1966, 1967, 1968-D & S, 1969 D & S coins. The only ones you'll want to dump are the 1960-D, 1961-D, 1962-D, 1963-D, 1964, and 1964-D coins... lots of sellers on ebay (and other places) are putting together Jefferson sets these days. I can get a good premium on all of those in rolled form on ebay... usually 2 to 4x face depending on the date... and 1971 Phillys are actually a harder find than any of those.. I usually can get 4.5-5x face for a roll of problem-free ones..
CRH Nickeloholic. 1,600,000 nickels searched in eight years! Have found FOUR complete Jefferson sets!
Edited by John77
09/05/2023 11:33 pm
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Brandmeister's Avatar
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 Posted 09/06/2023  12:28 am  Show Profile   Check Brandmeister's eBay Listings Bookmark this reply Add Brandmeister to your friends list Get a Link to this Reply
So why are the 1960-1964 Denver coins so uninteresting? I would have thought there was some demand for people to search for RPMs.
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 Posted 09/06/2023  07:21 am  Show Profile   Check John77's eBay Listings Bookmark this reply Add John77 to your friends list Get a Link to this Reply

Quote:

So why are the 1960-1964 Denver coins so uninteresting? I would have thought there was some demand for people to search for RPMs.


There's simply no market for these very common-date coins, Brandmeister. I'd be lucky to get even $3 for one of those rolls unless it was AU or better. I'd, at best, be breaking even, on those sales after fees and shipping costs (over and above USPS).

Though you love error coins and varieties, the vast majority of collectors (and even moreso on ebay) are much more into collecting coins by date and mintmark... Also, those who put together the sets of coins for sale (1938-1961 and 1962-1995/1996 sets of Jeffersons) have no problems finding those 1960-1964 Denver coins (especially the still ubiquitous '64-Ds, of course).
CRH Nickeloholic. 1,600,000 nickels searched in eight years! Have found FOUR complete Jefferson sets!
Edited by John77
09/06/2023 08:26 am
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 Posted 09/06/2023  10:17 am  Show Profile   Check Brandmeister's eBay Listings Bookmark this reply Add Brandmeister to your friends list Get a Link to this Reply
I checked the mintage numbers in the Bowers book. I hadn't really absorbed that Denver put out so many more nickels in the 1960s compared to Philly.

Obviously 1938-1959 rolls will do well, and you have mentioned 1970-1971. Are there any other years in the 70s, 80s, 90s that people should be saving in rolls for album builders?

Edit: so I guess I should clarify my question a little. Is it purely a question of mintage, and if so, what's the cut line?

I suppose for other reasons, it can be beneficial to stash 82, 83, 84 nice uncirculated coins.
Edited by Brandmeister
09/06/2023 10:58 am
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 Posted 09/07/2023  06:04 am  Show Profile   Check John77's eBay Listings Bookmark this reply Add John77 to your friends list Get a Link to this Reply

Quote:

Are there any other years in the 70s, 80s, 90s that people should be saving in rolls for album builders?

Is it purely a question of mintage, and if so, what's the cut line?

I suppose for other reasons, it can be beneficial to stash 82, 83, 84 nice uncirculated coins.


Well, you partially answered your own question... for the post-1971 through 1999 nickels, it is mainly Uncirculated coins you'll be wanting to save. The following dates carry a significant premium over the other dates from this period in BU+:
1975, 1976, 1976-D, 1977-D, all from 1982-1986 (except 1984-D), 1992-P, 1995-D, 1997-1998 P & D. Strangely, not all of these premiums are due to lower-than-typical mintages.
-----
For 2000 and beyond, everyone here is pretty well aware of the 2009 coins - save all, including damaged ones. But it also isn't a bad idea to stash high grade 2008 and 2010 coins from both mints as their mintages are depressed (about 40-50% of) compared to most of the years around them.

Last night, I actually got a request from an ebay buyer - he wanted to know if I had five rolls of 1969-D nickels I could sell him. I advised him no, and that I only had the one up and a second one which I had just completed... I wish I has that many, as at $5.49 a roll, that would've been a nice little $17.45 or so gross profit for me.
CRH Nickeloholic. 1,600,000 nickels searched in eight years! Have found FOUR complete Jefferson sets!
Edited by John77
09/07/2023 06:17 am
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Brandmeister's Avatar
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 Posted 09/07/2023  10:13 am  Show Profile   Check Brandmeister's eBay Listings Bookmark this reply Add Brandmeister to your friends list Get a Link to this Reply
John, thanks for sharing your knowledge.

I think it's straightforward to find 1990s nickels in lower MS grades during CRH. I am a little surprised to hear that those nickels would fetch above face in any condition. Do they need to be full steps to qualify as BU?

Also, do you often find BU examples with 1970s and 1980s nickels? One of the aspects that I am not quite settled on is how to distinguish (for example) a very shiny 1985-P nickel with lumpy steps between AU and MS/BU grades. It seems like a lot of nickels from 1970-1986 were struck from very tired dies. Some of them seem to be in great condition—minus maybe a breath of wear on Jefferson's hair—but even though Bowers claims that FS are readily available, I don't ever seem to find those.
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