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 Replies: 14 / Views: 1,018 |
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Pillar of the Community
United States
7123 Posts |
Ive been reading a bit about the new Nickels, and it seems that disappointment is in the air,
By the looks of things Higher mint state Business strike coins are going to be the key to the series ,
What do you guys think ?
Rick
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Pillar of the Community
United States
626 Posts |
From what I've seen (so far about 8-10 rolls) gems are non existant. The obverse relief is so high that the design features cause difficulty in stacking, therefor are suseptable to wear before the coins even make it to circulation. Many bag marks and I have found examples of no less than 5 different die chips and a die crack. The Philly strikes are more bag marked, and the Denver strikes have less bag marks, but more die chips. Very poor quality indeed. But I do like the designs!!
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Pillar of the Community
United States
1203 Posts |
I can tell you exactly when the disappointment started! Right after I took the first hand full of coins out of the bag and spread them out to look at. As for the higher grade of business strike coins, you will find them few and far between, in my oppinion and experience with these firsst bags of nickels. I sure hope you find them better than I did. That head side of the coin is a killer in grading.  |
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Pillar of the Community
United States
980 Posts |
Hi guys
Thanks for the info. Even though you're disappointed, you're piquing my interest- haven't paid much attention to nickels in many years. Post some photos when/if you get a chance.
Don
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Pillar of the Community
United States
867 Posts |
I'm disappointed because I haven't seen any of the buggers yet!  Rachel [:p] |
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Pillar Of The Community
3147 Posts |
I have noticed on another forum that high grade examples HAVE BEEN FOUND so now I am facing the awful task of deciding whether or not to open my bags to see if I was indeed one of the lucky ones, with higher grade examples, or one of the norm with very poorly struck business strikes. This is about to drive me nuts wondering as I keep reading these extremes from various collectors across the country. I sure hate to hold onto a couple of large bags of junk, if you know what I mean, so this weekend I will make up my mind and go from there! Open...don't open...open...don't open...open...don't open?
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Rest in Peace
United States
2884 Posts |
I have not seen them yet but am intrigued by hearing the obverse relief is so high that the coins won't stack.(do bank tellers still stack coins?) The last time that complaint was widespread was on the 1921 Peace dollar. That prompted a lower relief design in 1922 that made the 1921 more valuable especially in higher grades. Maybe we should all save a few as after the initial minting the later mintings may have a lower relief!  quote:
Happiness is not a fish that you can catch.... |
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Pillar of the Community
United States
626 Posts |
I don't know exactly how much trouble it will cause, as it's not until I stacked about 20 coins before they started to want to topple. I might try using the older designs and see how high they want to stack. I noticed that if you put a new Buffalo nickel face down, you can "teeter totter" it back and forth. |
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Rest in Peace
United States
954 Posts |
You know I feel that the whole problem is the mints desire to give longer life to the working dies. In order to do it they went with a shallow die and probably less pressure. Result -- Junk.. catman  |
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Pillar of the Community
United States
980 Posts |
quote:
Originally posted by crystalk64
I have noticed on another forum that high grade examples HAVE BEEN FOUND so now I am facing the awful task of deciding whether or not to open my bags to see if I was indeed one of the lucky ones, with higher grade examples, or one of the norm with very poorly struck business strikes. This is about to drive me nuts wondering as I keep reading these extremes from various collectors across the country. I sure hate to hold onto a couple of large bags of junk, if you know what I mean, so this weekend I will make up my mind and go from there! Open...don't open...open...don't open...open...don't open?
Terry why wouldn't you open? If you find high grade examples, you are rewarded. If not, you can get another bag... Don |
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Pillar of the Community
United States
980 Posts |
quote:
Originally posted by crystalk64
I have noticed on another forum that high grade examples HAVE BEEN FOUND so now I am facing the awful task of deciding whether or not to open my bags to see if I was indeed one of the lucky ones, with higher grade examples, or one of the norm with very poorly struck business strikes. This is about to drive me nuts wondering as I keep reading these extremes from various collectors across the country. I sure hate to hold onto a couple of large bags of junk, if you know what I mean, so this weekend I will make up my mind and go from there! Open...don't open...open...don't open...open...don't open?
Terry why wouldn't you open? If you find high grade examples, you are rewarded. If not, you can get another bag... Don |
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Pillar of the Community
United States
867 Posts |
[quote] Originally posted by MikeI have not seen them yet but am intrigued by hearing the obverse relief is so high that the coins won't stack.(do bank tellers still stack coins?) Yep, we do still stack coins! Gotta get them in the rolls somehow.  If I ever get ahold of any Buffalos, I'll let you know how they stack. Terry-- open it!!   Rachel [:p] |
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Pillar of the Community
United States
2724 Posts |
Keep the rolls in tact. If you really want high grade examples, but mint sets. Your odds are far better.
Note: Bison rolls were selling on the bourse floor today for $4. P or D. Plenty available. Seems as if every dealer in the world is banking on this series.
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Pillar Of The Community
3147 Posts |
SFDukie, Guess I have always bought bags to just put away. It is no different than all those folks who buy rolls, mint sets or proof sets and never open the box upon arrival. Guess there is always that mystery or suspense just wondering what you have but have never seen and like it or not some unopened bags tend to bring quite a pretty penny down the road especially if an error pops up down the road. Never been searched is guaranteed if never opened! ND I must agree with you and that is exactly why I have been buying single proofs of this new nickel as that is much cheaper than busting open my own sets to stash a few buffalos back for the family. Prices have started to rise so my buying spree has ended at this time and I am very content with what I have done. Just wish the herd would finally arrive!!! Also I feel the Buffalo nickel will bring yet more new collectors to the hobby and I am sure ALL dealers will welcome that plus many old collectors may find a new spark they have been looking for. One thing is for sure most folks know this is a limited issue so demand should be great through the summer! Sorry Kyra I am leaning back the other way now and the bags should remained sealed. Someone on this forum sent me a couple of loose buffalos (D mint) so I have gotten my fix and now my mint rolls have arrived (won't bust them either) so I will patiently wait for my dealer to get me the bank rolls to bust! |
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Pillar of the Community
United States
2724 Posts |
As you hoard these new Bison's don't overlook those old Buffalo's. Many dealers and mass marketers are putting together the old and new to make nifty little sets. Something to consider. (HINT,HINT)
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Replies: 14 / Views: 1,018 |
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Posted 03/09/2005 1:31 pm
