Post By Solid Rolls
Jun 24, 2012, 01:16 PM
Ok so I was just wondering if it's worth sorting nickels or hoarding them. What kind of numbers do you get with nickels? And have you found any in change or just in boxes? I was thinking about asking for nickels in my change and just hoarding them that way rather than buying them in boxes. Not sure if they are worth the effort
Jun 24, 2012 01:16 PM
Jun 24, 2012, 01:23 PM
There's a debate about wether it's worth it to keep nickels other than war nickels. I personally keep pre-60 nickels as well in hopes of metal prices increasing/ selling for a profit in the future. Looking at my averages, I average about 1 war nickel per box equivalent, and a buffalo about every other box. I know there are some who do better than I. When I do a box though, I get at least 2 war nickels. CWR hasn't been nice to me for nickels.
"Those who fail to prepare are preparing to fail." -Benjamin Franklin
Jun 24, 2012, 03:55 PM
R.I.P. Rich Hartford, You'll be missed.
i don't think it is a good idea to have so much invested in nickels right now, copper is where it is at... now I do not save either copper nor nickel, but have been considering putting aside $25 in copper pennies, 1 box of copper pennies is only a $25 investment worth $54.86 in copper melt... this is from coinflation.com:
Total melt value is $54.86.
Ľ There are 16.2839 pounds of copper and 0.857 pounds of zinc in $25.00 face value of copper cent(s).
and a box of nickels... $100 and worth $96.44 in melt value.
Total melt value is $96.44.
(Exact value is $96.44011420059. $41.450763345585 worth of nickel, $54.989350855005 of copper.)
Ľ There are 16.5347 pounds of copper and 5.5116 pounds of nickel in $100.00 face value of nickel(s).
don't save the nickels! unless they are pre 1982 .999 nickels currently worth 7.5c each.
Jun 24, 2012, 04:05 PM
I really don't see why hoarding nickels makes sense yet. Unless you believe that the US dollar will collapse very soon, I wouldn't hoard nickels.
The first reason being that they aren't close to being either pure copper or pure nickel. 40%ers are hard to sell and silver is (and always has been) worth a whole lot more than nickel and I'd imagine would be a lot easier to refine. Pennies are better, 95% copper compared to 25% nickel.
Of course if we wake up tomorrow to find that the dollar has collapsed, putting a few hundred in nickels makes sense because you'll still have purchasing power while someone with a few $100 bills has no purchasing power.
For myself, I generally average 1 war nickel for every $125 searched, and a buffalo nickel for every $300 searched. I've never gotten a V nickel in a box, CWR or bag.
Speeding up Gresham's law one roll at a time
Jun 24, 2012, 10:35 PM
Has this topic ever been brought up before?
Jun 25, 2012, 09:03 AM
Originally Posted by Solid Rolls
1/100 of an American dollar is a cent. It is NOT a penny. The word penny is used by several other countries, such as Great Britain, to denote their smallest denomination. In order to be numismatically correct, you must use the term cent to describe the American coin.
Originally Posted by Edmund Burke
Jun 29, 2012, 10:14 PM
I save all pre 1965 coins (accept 1964 nickels). With the hope of increased numismatic value, and the main reason, when the dollar crashes, and everything hits the fan, i can sucker people into buying a 1940 nickel and sayings it worth $10. Im a prepper. Bug out bag is ready. Canned food, gallons of water, knives, ect. Plus the car is always backed in ready to go.
2013 Finds- 12/3
Blob tops: 0
Local Bottles: 24
Tokens: 2, (1) Local
1948 S Roosie Dime
Music box part
19th Century cutting scissors
Silver Dimes: 1
Jun 30, 2012, 01:22 AM
I've got a bunch of pre-1965 nickels, and I'll make you a great deal on them now!! Thinks of all the profits you'll make when the dollar crashes and people give you 10 (now worthless) dollars for these coins!! Please act fast!!
Originally Posted by MrSchulz
Jun 30, 2012, 09:00 AM
Here is your competition. https://portlandmint.com/shop/produc...3&cat=3&page=1
Originally Posted by Solid Rolls
A Penny Sorted is a Penny Earned
Salute the LOOT
Aug 12, 2012, 10:14 AM
I go through nickel rolls but only because I am trying to complete a circulated set of Jeffersons and always looking for war nickels
Ferengi Rule of Acquisition #59
"Free advice is seldom cheap"
Best find, 2 rolls of Walking Liberty Halves in bunch of 32 CWR
Aug 12, 2012, 11:46 AM
Don't forget to save the pre 1982 Canadians. 0.999 pure nickel if you find them.
Originally Posted by Ben Cartwright SASS
Aug 12, 2012, 05:13 PM
I have about 95 pounds of copper cents - how much is that?
CRW 3752$ : 30 Silver dimes -
MWR 950$ : 2 Silver dimes
CRW3$ : 7 wheats
MWR 25$ : 20 wheats
CWR 10$ : 0 Nope
MWR 600$ : 13 Silvers
3 buffalos, 1 misaligned die
125$ in halves:
15$ Foreign money 17 silver dimes
, 200$ clad,2 silver quarters
4.14 ounces of silver collected in 2013
Aug 13, 2012, 06:04 AM
Roughly 145 pennies per pound. That is copper ones. They have a weight of 3.1 grams a coin so you can do the math from there.
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