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Opinions On Hoarding Nickels?

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nickelsearcher's Avatar
United States
15437 Posts
 Posted 10/07/2010  8:39 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
I admit to all my bad habit of hoarding pre-1960 nickels!

At last count (through 210,000 coins searched) ..... I have 2,703 pre-1960 nickels stored away in various Crown Royal Whiskey sacks.

Whiskey sacks provided by others of course.

You can read my 210,000 coin summary here:

https://goccf.com/t/72451

One example of each date/mm is housed in my humble Whitman 9009 folder .... and all the rest are managed .... well .... poorly.

No rolls by date ... no organization .... no system .... just a huge glob of circulated nickels in purple whiskey sacks.

It gives me great joy to search for and find them ....... but .... someday soon ..... my desk will fall over from the weight of all these nickels!

OK .... so .... I admit .... I am a nickel hoarder.

To your question .... and BTW ....

There is no monetary pay-off with circulated Jefferson nickels ..... we do this for the passion of the pursuit and enjoyment of the hobby.

Best

David
Take a look at my other hobby ... http://www.jk-dk.art
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legend's Avatar
United States
182 Posts
 Posted 10/07/2010  8:45 pm  Show Profile   Bookmark this reply Add legend to your friends list Get a Link to this Reply
It is possible to be nickel and penny poor. You can accumulate 10,000 dollars worth of nickels no problem. Capitalizing on them without melting them is problematic though. They passed that law, and since then, folks with HUGE sums of money have been storing them waiting for the law to change. And it will, because big money who have lots of these are also monied enough to pay lobbyists to "fix things". I say store many too. Mind you though, laws are made by the lesser of men, who are the majority, and praises and censures are given with an eye to their own interests, and to protect them from greater men who might get the better of them, in order that they do not get the better of them. So somehow, the rich are going to make out better, always. Until our wealth exceeds theirs. Then once we can cash our nickels in it will no longer matter.
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Young-Skyler's Avatar
United States
33 Posts
 Posted 09/09/2012  9:10 pm  Show Profile   Bookmark this reply Add Young-Skyler to your friends list Get a Link to this Reply
Think though how easy it is to spend a dollar bill or withdraw something from your bank account, having nickels or pennies is a way to keep you from tempting yourself from spending money. That's why I keep them.
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wquinn's Avatar
United States
2295 Posts
 Posted 09/10/2012  12:12 pm  Show Profile   Bookmark this reply Add wquinn to your friends list Get a Link to this Reply
I do some nickel roll searching, but not as much as I used to, a few years ago. I do save any pre 1960 nickels and any S mintmark ones. I probably have over 50 rolls saved, by now. I store them in plastic roll holders for nickels and keep each roll by decade and mintmark.
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