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 Replies: 20 / Views: 3,364 |
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Valued Member
United States
60 Posts |
I know there is a fine line between the two and I am sure I am wayyyy over the line. For instance I have about $25.00 worth of Westward nickels from circulation, although that is probably my worst hoarding situation. I grabbed every one I saw in circulation, just like I do with wheaties. My question is.. how much do you save of various items like special Lincoln pennies of 2009 or the westward nickels, State Quarters, SBA's, Pres dollars etc? Basically I need some guidance. Thanks Jim |
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Pillar of the Community
United States
3294 Posts |
I have about 10 of the various 2009 pennies that I kept. I also have a few ikes. Other then that, all I really keep is dated 1964 or older.
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Pillar of the Community
United States
3345 Posts |
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For instance I have about $25.00 worth of Westward nickels from circulation My little brother does the same thing! But he has twice as much I think. I told him they aren't going to be worth much but he insists on saving them. |
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Pillar of the Community
United States
570 Posts |
I guess it depends on how much room you have. I may only keep a few because I would rather collect older coins personally and save room for them. I think the most I have of one coin with the same date, other than bullion, is maybe 20 or so, unless you are collecting varieties.
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Valued Member
United States
406 Posts |
I still save every Bicentennial Quarter I come across.
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Pillar of the Community
United States
3499 Posts |
Just make sure that the hoarding is not getting out of hand. When copper was through the roof I used to save every pre-1982 penny I could find. Before long I realized that I had about $250 dollars in copper cents. This just eventually struck me as being unnecessary (and very hard to lug around), so I turned them in at the bank. I find that whenever I dump a lot of unnecessary bulk I find a really nice piece which I have been searching for. So I spent the $250 on a nice coin, which ultimately will be worth more and takes up far less space, and the ownership of which seems far less weird to non-collectors.
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Valued Member
 United States
60 Posts |
I still save all my bicentennials. Part of my affection for 1976 is that it is the year I graduated HS. I worked in the coin counting room at a 6 flags park back in 2000 and hoarded bicens like they were going out of style. I finally got about $150 worth before I cashed some in (I needed money.) I probably now have about 70.00 worth but of course as I search rolls, I grab every bicen I see.
I just started saving pre-82 pennies since I joined this board. I probably have $50 worth. Am I supposed to sell these to be melted or something? I keep hearing people discuss their melt value.
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Pillar of the Community
United States
1213 Posts |
I save the wheats and any silver, and yes, I have a hoarding problem. But I don't want to be cured.  |
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Pillar of the Community
United States
4778 Posts |
Other than the usual stuff like old coins, errors+varieties, proofs, etc., I pick up every 2005 Buffalo nickel I find. To me they're like a modern version of the old Buffalo nickel (except the Indian obverse though, obviously). Also keep every 2009 and 2010 cent I find as well (trying to stop with the 2010s  ). Oh yea, and BU coppers I come across as well. I likes the BU coppers...  |
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Bedrock of the Community
United States
20753 Posts |
I simply ignore the word hoarding. Then there is no problem. If you admit there is such a word, then there is that problem.
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Moderator
 United States
188770 Posts |
My nickels and copper cents are starting to cross into the hoard category. I keep every one of them that I find. I am not keeping them for profit. My goals are to save them from being melted and have for my son to search through some day.  |
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Pillar of the Community
United States
609 Posts |
The only thing I "hoard" is copper cents. I did save a lot of keelboat and such nickels, but ended up spending them with the intention to get some ms65+ ones.
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Pillar of the Community
United States
1348 Posts |
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I still save every Bicentennial Quarter I come across. You must have a lot! |
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Bedrock of the Community
United States
11951 Posts |
I see a lot of collections, I help out at a local coin shop and I buy collections from private collectors. I think it is sad that people will accumulate a lot of circulated coins that end up having no value. Coins such as clad Kennedy's, Bicentennial coins, SBA's and circulated State Quarters are all kept by people because they are different or have some connection in their life. Sometimes there are hundreds of dollars of coins, that are only worth face value. In my opinion I think the money should be put in the bank or into better coins. If I liked westward journey nickels then buy some BU rolls, I find these can be bought at a little over face value, if you watch for them. I happen to like State Quarters but all of mine are from BU rolls or mint and proof sets. I will break the rolls and only keep the best grade ones. And I either put them in albums or 2X2's and into boxes. |
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Valued Member
United States
56 Posts |
I ran into the Westward Journey hoarding situation the minute I started searching nickel rolls. Initially I thought that they were the bees knees but after about 30 bucks of them and the slow realization that they probably won't be worth much until I've left this planet--I started to question my initial decision until I finally just bought some uncirculated/proof sets of them and called it a day. I pulled the nicest from that 30 bucks and they got the placed into the much coveted "circulation nickel dansco".
Other than that I have a bizarre affection for anything that comes out of 1967 but fortunately I don't hit that mark as often.
And as far as anything else goes, I can see having multiples of a coin for show, investment, etc. but I have to draw a pretty firm line on things like that or I can "invest" my way into a room full of nickels.
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Pillar of the Community
United States
2734 Posts |
I have a bank box of BU 2005-D Bison Nickels. Nickel hoarding isn't like hoarding Clad JFK's or State/Bicentennial Quarters, because Nickels' melt value exceeds their face value. And there is the strong possibility of the five-Cent coin being debased to a plated steel version in the future. Once that happens, the current cupro-nickel coins may vanish from circulation. Early (1938-70) Nickels that are found in pocket change now might actually rise past melt value once they're gone from circulation. Remember, Barber coins could still be found for face value in the the 1950's, before Silver coins disappeared from general circulation. Nickel hoarding is a great alternative to hoarding Copper Cents, because you don't need to sort. Go to the bank, buy a box of Nickels, you're done. |
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Replies: 20 / Views: 3,364 |
Posted 06/21/2011 2:20 pm
