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 Replies: 10 / Views: 3,149 |
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Pillar of the Community
United States
3345 Posts |
Poll Question
In honor of https://goccf.com/t/80271 and LastGold, I figured I'd see whats up. The value is 7.2 cents per nickel.
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Pillar of the Community
United States
1391 Posts |
I was hoarding them by getting $20 worth of nickels at the bank every week. By the time I amassed a large and heavy amount of them silver had gone up a lot more than the nickels had. I said screw it and took the nickels to the bank, got some cash and bought some silver on a dip. Haven't regretted it. Not worth my time. I did search all the rolls and pulled out anything interesting before I took them back though. That was fun.
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Valued Member
United States
304 Posts |
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Pillar of the Community
United States
584 Posts |
I'm with allranger, save up enough to flip into silver. Think thats the way to go. I do save copper cents though. Thanks for the info, I wonder if they will ever make a gain to where you can scrap them. I know id try to buy bags from a scrap yard if they had them. Might make for some good searching.
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Pillar of the Community
United States
3276 Posts |
i save copper because it is cheap to buy. nickels would be difficult. I can easily go to the banks and get boxes of nickels, it would be too expensive to save all of these boxes.
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Pillar of the Community
United States
2049 Posts |
I wouldn't say I hoard them. I save them, but don't actively go out and buy them from banks just to store them. I just keep what I get in change. I figure it's cheap to save them and if they end up being worth a decent amount over face value some day great. If not, that's fine too.
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Moderator
 United States
187702 Posts |
 That sums up my nickel strategy very well. |
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Pillar of the Community
United States
1903 Posts |
I am passively hoarding nickles but plan on transitioning to buying a couple boxes a month. When the congressional report comes back in two years on not only the feasability of maintaining the cent, they will also be reporting on using new metal content for the nickel. My guess is in two years we will be seeing a zinc plated steel nickle. Once that happens there will be panic hoarding of nickels. With nickel cirulation numbers being so low, when that day comes, the cupronickel nickel will dissapear fast. To me it is the simplest coin to hoard right now. All nickels have the same metal content, so there is no sorting needed, and yes I realize some contain silver as well, but that is a bonus and not a penalty. With no sorting needed, just buy a box, and put it away. You don't even have to break the seal. I say, start hoarding them now before someone else gets your boxes  |
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Pillar of the Community
United States
3402 Posts |
It enough I'm hoarding copper. No place to put it all.
KK
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Valued Member
United States
228 Posts |
I'm gradually going through more nickel rolls - and saving more nickels. I am finding lots of foreign coins in nickel rolls! |
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Pillar of the Community
United States
1903 Posts |
One thing I am not sure some people realize, nickels are 75% copper so all the copper hoarders can hoard nickels as well. Nickel hoarding is essentially copper hoarding. That is, copper hoarding with no sorting.
To me it is an effort vs reward thing. Yes as of today one cent is worth 2.6 cents and a nickel is worth 6 cents, so the copper cent wins out on increased value, but to me the ease of hoarding nickels has a lot of allure. In addition to that, there was a posting made on here not to long ago that estimated there is only something like 150 boxes of nickels per capita makes them the lowest circulating denomination out there. To me the writing is on the wall, when they reformulate the composition of the nickel in two years, those who aren't putting some back now will regret it later.
Edited by unholyroller
08/18/2011 09:03 am
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Replies: 10 / Views: 3,149 |
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Posted 08/17/2011 01:11 am
