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 Replies: 75 / Views: 19,778 |
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Pillar of the Community
United States
2424 Posts |
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Moderator
 United States
187834 Posts |
Yes, it has been posted once or twice already.  |
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Pillar of the Community
United States
1388 Posts |
IMO, the U.S. will never demonitize them for this reason. The already strapped government will not let all that nickel be melted down. If anything, the government will change composition and slowly pull the nickel out themselves. It's a future scam brewing already, I can here some one already selling boxes of nickels for over nickel "spot"  ... The cons shall runneth out of the woodwork  |
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Pillar of the Community
United States
2734 Posts |
I just knew that 55-gallon drum full of 1964-D's would be good for something someday... Quote:
the U.S. will never demonitize them for this reason. Pre-1965 Silver coins are still legal tender for their face value. Edited by DNA
03/02/2011 7:44 pm
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Valued Member
United States
310 Posts |
Nickels are the easiest thing to hoard lol.
Step 1) go to bank buy $100 box of Nickels
Step 2) place box in basement. You now have $140 worth of hoarded Copper/nickel.
I'm not doing this yet, I still prefer copper penny hoarding :)
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Valued Member
United States
277 Posts |
It is also alot cheaper to penny hoard
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New Member
United States
15 Posts |
you're right about penny hoarding, I have searched through 4 boxes and have come up with roughly $31 face of pennies. not bad I think.
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Pillar of the Community
 United States
2424 Posts |
yea penny hoarding in my opinion better, for now. I make $25 off each box of $25 box of copper pennies I sell on ebay.. not bad I think.. any profit is good profit.. |
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Rest in Peace
United States
9104 Posts |
If you can buy $200 a week in cents or nickels and sell them for a 10% profit ($20), in one year, you will have $1240. How long do you think it will take before nickels are worth 6.2 times face? Hint: it took 15 years for silver and 40 years for gold. Let some other sucker tie up his money, the real profit is in selling, not hoarding. The article had a man who wanted $5500 in nickels, but his bank could only get him $2000 a week. I'm betting a typical Mal-Wart uses $100 worth of nickels a week. How long do you think it would take for a relative handful of hoarders to wipe out the floating supply of nickels? Keep in mind that when the popular press in 1964 pointed out how a roll of each cent from 1909-1958 would have provided enough profit to buy a house, people started hoarding bags of coins, to the point where they made as many nickels in 1964 as from around WWII to 1963 combined, and there were still shortages of them. This isn't like pulling wheat cents or even copper cents or 90/40 halves. There's no skill involved. Just grab all the nickels you can get, and it's like a vending machine you put $20 in and it hands you back $26. In 1857, they stopped making Half Cents. Today, it costs 11ยข to buy what a Half Cent bought in 1857. IOW, if the gubmint was smart, they'd eliminate cents, nickels, and dimes, all of which are as worthless as a Half Cent was in 1857. |
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Valued Member
United States
364 Posts |
I've worked several retail jobs, and I personally think a typical Wal-mart goes through more than $100 in nickels a week. I am not a nickel horder, fredd, because I agree with you that it's not a good investment *yet*, but IMHO, the bone I pick with you old-school collectors is you guys think every commodity is forever bound by the intrinsic value percentage gains you saw over your lifetime. I think you can't apply a cookie cutter bell curve or line diagram in this market, in this ballooning population, because of so many x factors at work that were simply not there in the 60's, or at least didn't have quite the sway. I think that before the dust clears, people will be surprised which commodities did well and which stank, myself included. I think silver will do fine, but I could just as easily be wrong. Nickel or grains or rubber might surprise us, or dissapoint us. Who knows. My point is, all we know now is that we don't know what tomorrow is really going to bring, and I call shenanigans on anyone that thinks they do :) I don't get hoarding nickels. The spread is simply not there yet. Seems to me any percentage gains over spread will be wiped out by the inflation we're told is a non-factor by our wonderful Chairman. |
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Pillar of the Community
United States
1397 Posts |
Quote:
I just knew that 55-gallon drum full of 1964-D's would be good for something someday... So you only saved one out of every 10 or so you came across?  Quote:
Seems to me any percentage gains over spread will be wiped out by the inflation we're told is a non-factor  Good point, but then again wont that also drive up the cost of precious metals? |
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Valued Member
273 Posts |
Were did they go? Sorting through three or four bank roles of nickels yesterday: NONE (zero, nada) older than 1950 ... except for one buffalo yahoooooo!...... 3 or 4 1950-1060, 7 or 8 1960-1970, and 1970-1980.
So really.... Where did they go?
.... well one thing for sure... I'm keeping every one older than 1980 from now on.
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Pillar of the Community
United States
2734 Posts |
Quote:
So you only saved one out of every 10 or so you came across?  I was going to pave my driveway with them, but hey if they're bullion.... |
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Pillar of the Community
Canada
834 Posts |
I thought about buying 100$ boxes of nickels over in the us
but in the end I'll stick to my pre 1981 Canadian nickels
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Pillar of the Community
United States
511 Posts |
Nickels at face value are a no-brainer, without the sorting and hassles that come with Lincolns. I set aside a roll or two at a time.
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Valued Member
United States
337 Posts |
I live really close to the canadian border so their change is our change kinda The canadian nickels dates before 1981 or 1982 or worth like 12 cents or something I still don't hold onto them US coins are only worth like 7 cents or something right? seems like a waste of time but everyone has their thing |
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Replies: 75 / Views: 19,778 |
Posted 03/02/2011 3:47 pm
