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 Replies: 8 / Views: 1,026 |
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New Member
United States
3 Posts |
When my Grandmother passed away she had an unopened canvas fed bag of 1960 nickels that she left to me (bag says Philadelphia). I'm wondering before I take it to the bank and exchange it for $200 cash if there's any more worth to it than that? I'd hate to be kicking myself later, you know?
Thanks in advance for any help!
Jenna
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Pillar of the Community
United States
1626 Posts |
Hi Jenna, Welcome to the forum. Looking at CoinValues online I show the following: 1960 Jefferson 5 Cents VG-8 = .05 F-12 = .05 VF-20 = .25 EF-40 = .50 AU-50 = .75 MS-60 = 1.00 MS-63 = 1.50 MS-64 = 4.00 So to answer your question, it depends on the grade/condition of the coins If your really thinking of cashing them in at face value, you may want to consider selling them on ebay 1st or go to a local coin shop to see what they would offer. Hope this helps, Tim |
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Pillar of the Community
Australia
1091 Posts |
Wow! 4,000 1960 nickels from the mint.  That should mean the condition of the coins may be MS (mint state). Don't kick yourself, they have got to be worth more than two hundred dollars. Wait until some more people respond to there value before you do anything. The important thing to know at the moment is DON"T CLEAN THEM. They will loose value with any sign of cleaning. As far as selling them...in bulk...I'll leave that to a dedicated nickel collector or one of the forums dealers will give you some advice. A collector may pay a dollar for one good one...but anyone buying 4,000 is going to have a major distribution problem and will need a big effort trying to find buyers for them all. Edited by toast
11/10/2006 07:07 am
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Bedrock of the Community
United States
14454 Posts |
I beleive it could bring a nice premium over 200.00 that you would get at the bank either on ebay or at a local dealer just because chances are very good that most of the coins will be atleast a 64 from the bag, and just the cool factor alone makes it worth more than 200.00 in my book. So if you wanna make a little more than the 200.00 face value and you didn't want to pay the ebay fee's or anything, just stick around and make 50 posts and sell them on this website and I for one would be willing to pay more than 200.00 for a sealed bag of 1960 nickels even though its not what I collect |
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Valued Member
United States
100 Posts |
Hi Jenna, the us mints sells 1,000 2006 nickel bags for 79.95. If you are a seller on ebay try that,or have someone with good feedback sell them for you.Let everone on this forum know if you list them. I would be bidding on them. Good luck with them. Bird out |
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New Member
 United States
3 Posts |
Thanks so much everyone! Wow... Tpatna, are you saying that they could be worth $1.00 each or more? I promise I won't clean them. I haven't even opened the bag to check their condition because I was afraid it would detract from their value. I will probably sell them on ebay when I get a better handle on what to ask for them and I will definitely let you all know when I list them. If anyone has any advice on how much I should ask for a starting bid I'd love to hear it. Thanks again so much! Jenna |
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Bedrock of the Community
United States
14454 Posts |
if I were you I would never open the bag, that would also add to the mistique of the coins inside, and I myself would pay a premium just for that fact alone and I beleive a 1.00 a coin would be a pretty good starting point as far as value for a sealed mint bag of 1960 nickels that have never seen the light of day
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Pillar Of The Community
3147 Posts |
Jenna the starting bid is NOT important! Its the ending bid thats important! You could always put a reserve on them but see no reason to do so. An unopened bag of nickels that old will probably draw quite a bit of interest.
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Bedrock of the Community
United States
14454 Posts |
oh I didn't mean to start them at a dollar a coin, she asked a approximate value of them and I figured about $4,000.00 for a sealed bag of 1960 nickels (which is allot better than the $200.00 she would get at the bank like she was thinking about doing) would be an approximate value and may go up from there. I in no way was saying to start an auction at that price, I would always start something like that at .99 cent to let everyone really get interested in acquiring them. Considering CVonline states that a MS-69 is worth $1.00 chances of alot of the coins grading that low in a sealed bag is pretty slim so thats why I said a starting point because I think it should bring more than that considering most coins in a sealed bag should grade MS-63 or higher
Edited by Bryan1315
11/13/2006 08:54 am
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Replies: 8 / Views: 1,026 |
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Posted 11/10/2006 07:00 am
