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 Replies: 19 / Views: 10,378 |
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Valued Member
United States
119 Posts |
Hi all,
First off, forgive me if there is already a thread dedicated to this topic. I've searched the forums for the past 3 hours and found a couple offhanded remarks but no thread devoted to this topic.
I'm curious as to how many of you think saving Nickels is worth the time and storage space; considering that Nickels are the last non-clad <edit> US circulated denomination.
I read in a few of the nickel threads people have stated that they save nickels dated 1959, 1969 or earlier. But why not save all before it is too late and they change the composition of the Nickel?
I already have many rolls of nickels and I am debating on whether to continue and would like some insight from people that have more experience in coin and metal trends.
Thanks! If there is another topic devoted to this, please direct me to it.
AC Edited by ACWhammy
10/06/2010 6:35 pm
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Moderator
 United States
188213 Posts |
Quote:
considering that Nickels are the last US circulated denomination that is actually composed of Nickel and Copper. The clad coins (dime, quarter, half) are nickel and copper as well, although not the same ratio for the entire coin. For the clad coins, the outer cladding is the same 75% copper to 25% nickel ratio as the five cent coin, but then there is that solid copper core (I believe that the final ratio on the clad coins is something like 91.66% copper to 8.33% nickel). I am saving all of my nickels regardless of date. It is the one copper-nickel coin that is valued close to (if not over, depending on the market) its melt value. |
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Pillar of the Community
United States
2120 Posts |
If they change composition, then just go to the bank and buy every box they have.
but for now just keep the oldies.
Thats my plan.
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Moderator
United States
188213 Posts |
I like that plan! Let the banks store them for you.  |
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Valued Member
United States
368 Posts |
something I am doing with lincoln memorial pennies is saving a full roll of each date and mint mark
I go 10 years at a time I put all of a year and mint mark in a cup so I'll have like 10 cups spread out
when I have enough, or I think I do I separate the mintmarks from one cup and roll them up if I have enough of one or the other
I think this would be a good idea for nickels too when I'm done with the pennies I think I'll do that
I have a roll of 65-69 dimes too one day I'll get to setting up a roll of the dimes too
It's a cool way to collect coins from circulation that are easy to find at this moment
who knows maybe one day the 69 dimes will be worth a buck a piece lol
I'd get a roll of each before I saved them all though
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Valued Member
 United States
119 Posts |
@ian - That's a great idea actually, as jbuck said "let the bank store them for you"
@slash - I like that idea too. It gives more of a purpose to buying and searching through nickels rather than just letting them sit in the rolls.
I normally just roll by decade, or by metal composition, or by design, whichever works best at the time.
AC
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New Member
United States
5 Posts |
I save all the 64's and the 70-S'...I'm gonna be rich!
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Valued Member
India
265 Posts |
try to collect as many nickels as possible from your pocket change or from bank rolls. collect by all years and mint marks. Today's change could become tomorrow's rare coins. It is based on the availability of the coins in the open market for sale, which will determine its value. The lesser availability the more the value. So keep collecting as many as possible.
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Pillar of the Community
United States
2541 Posts |
I'm keeping everything prior to 1955. I may start to get more selective since I already have more than a full roll of 1941. There are some dates that obviously come along far more often (Those pesky 1950-D's just won't go away!!)
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Pillar of the Community
United States
2602 Posts |
For the nickels dimes and quarters, I think they made far too many of them from 64-present (for the most part) for any of them to have any value for the circulated ones. Uncirculated, yes I can see those climbing in value, but circulated, no. Should circulated ones climb slightly, it will not outpace inflation, in my opinion.
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Moderator
United States
188213 Posts |
Quote:
@ian - That's a great idea actually, as jbuck said "let the bank store them for you" My additional advice is keep your ear to the ground. If you find out that the area banks have plans to ship all of their nickels back to the Fed, go out and get as many as you can! |
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Bedrock of the Community
United States
20753 Posts |
Every time I look up the values of Jefferson nickels I say to myself, SELF, I'd make more profit collecting Beanie Babies. And for those dated after 1964, really not worth the space they take up. Even in MS60 or 62 grades just not worth keepkng. Possibly for the content in metal but to have a ton of them and think about how you could have had a new car instead? |
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Pillar of the Community
United States
1406 Posts |
I do the same thing with all my circulation pennies, nickels, and dimes. I search and separate into years. Then, I search for varieties and errors. Then I separate only the best condition coins to save. Post '60 Nickels, '64 dimes, and '82 pennies have a one roll space limit per year. Only the best condition coins make the cut.
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New Member
United States
29 Posts |
Kinda bulky to hoard nickels. Although I do have quite a few rolls. I always search through my pennies and keep the coppers.
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Moderator
United States
188213 Posts |
Quote:
Possibly for the content in metal but to have a ton of them and think about how you could have had a new car instead? Well, I have a ton of them and a new car! Okaay, maybe not a ton. And the car is a year old now.  |
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Valued Member
United States
119 Posts |
Thanks guys these are exactly the ideas I was looking for. Quote:
I do the same thing with all my circulation pennies, nickels, and dimes. I search and separate into years. Then, I search for varieties and errors. Then I separate only the best condition coins to save. Post '60 Nickels, '64 dimes, and '82 pennies have a one roll space limit per year. Only the best condition coins make the cut. I think I may do something along these lines except I may extend my Nickels to include up to 1963 and cut off at 1964 since there were a lot made that year. Then I'll turn in the rest of my nickels and buy a new car :) Well, probably a new, used car that needs a transmission replaced or something haha AC |
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Replies: 19 / Views: 10,378 |
Posted 10/06/2010 5:58 pm
