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Thread: nickels?

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  1. #1

    Mar 2012
    323
    16 times
    All Types Of Treasure Hunting

    nickels?

    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

  2. #2

    Mar 2012
    246
    17 times
    All Types Of Treasure Hunting
    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

  3. #3
    us
    R.I.P. Rich Hartford, You'll be missed.

    Feb 2011
    in front of you in the bank
    7,502
    1324 times
    All Types Of Treasure Hunting
    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 Face Value: $25.00
    Coin Type: 1909-1982 Lincoln Copper Cent
    Copper Price: $3.3257 / pound
    Zinc Price: $0.8249 / pound

    Answer:

    Total melt value is $54.86.


    Statistics:

    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 Face Value: $100.00
    Coin Type: 1946-2012 Jefferson Nickel
    Copper Price: $3.3257 / pound
    Nickel Price: $7.5207 / pound

    Answer:

    Total melt value is $96.44.

    (Exact value is $96.44011420059. $41.450763345585 worth of nickel, $54.989350855005 of copper.)


    Statistics:

    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.
    HH
    BuffaloBoy

  4. #4
    us
    Jul 2010
    Garrett Ace 250, Bounty Hunter Quick Draw
    1,369
    265 times
    Coin roll hunting, British coins, ancient coins, antiquities
    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

  5. #5

    May 2012
    524
    218 times
    All Types Of Treasure Hunting
    Has this topic ever been brought up before?

  6. #6
    us
    Jan 2012
    Maryland
    White's Coinmaster
    5,836
    649 times
    Coin Roll Hunting
    Quote Originally Posted by Solid Rolls View Post
    Has this topic ever been brought up before?
    Yes
    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.

  7. #7
    us
    Mr. Schulz

    Mar 2012
    DeWitt, Iowa
    Ace 250, Bounty Hunter Tracker IV, Custom Recovery tools, Nupla Prb4t Soil Probe 60 IN,
    1,541
    310 times
    Coin Roll Hunting, Bottle hunting, and Metal Detecting
    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

    Bottle Digging
    Blob tops: 0
    Hutches: 2
    Medicines: 23
    Local Bottles: 24
    Tokens: 2, (1) Local
    1948 S Roosie Dime
    8 Spoons
    Music box part
    Axe Head
    19th Century cutting scissors
    ~
    Metal Detecting:
    Foreign: 1
    Wheats: 28
    Silver Dimes: 1
    Token: 1
    Clad: $47.53

  8. #8

    May 2012
    524
    218 times
    All Types Of Treasure Hunting
    Quote Originally Posted by MrSchulz View Post
    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.
    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!!
    Wickaboag likes this.

  9. #9
    us
    Jun 2011
    Wisconsin
    678
    109 times
    Coin Roll Hunting
    Quote Originally Posted by Solid Rolls View Post
    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!!
    Here is your competition. https://portlandmint.com/shop/produc...3&cat=3&page=1
    A Penny Sorted is a Penny Earned

    Salute the LOOT

  10. #10
    us
    Aug 2012
    Massachusetts
    Whites, Garrett
    283
    53 times
    Gold Panning, Metal detecting, beach combing, shooting, photography, genealogy, gardening
    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

  11. #11
    us
    Mar 2012
    New York
    Garrett Ace 250, AT Pro
    1,640
    532 times
    Metal Detecting
    Quote Originally Posted by Ben Cartwright SASS
    I go through nickel rolls but only because I am trying to complete a circulated set of Jeffersons and always looking for war nickels
    Don't forget to save the pre 1982 Canadians. 0.999 pure nickel if you find them.

  12. #12

    Aug 2012
    USA
    488
    118 times
    Coin Roll Hunting Dimes
    I have about 95 pounds of copper cents - how much is that?
    ***2013 RESULTS***

    Dimes
    CRW 3752$ : 30 Silver dimes -
    MWR 950$ : 2 Silver dimes


    Pennies
    CRW3$ : 7 wheats
    MWR 25$ : 20 wheats

    Quarters:
    MWR 50$: Nope
    CWR 220$: Nope (repacked dumps)

    Nickels
    CWR 10$ : 0 Nope
    MWR 600$ : 13 Silvers 3 buffalos, 1 misaligned die

    TELLER TRAY:
    1 1964

    125$ in halves:
    2 40%

    Reject:
    15$ Foreign money 17 silver dimes, 200$ clad,2 silver quarters
    4.14 ounces of silver collected in 2013

  13. #13
    us
    May 2012
    Kingsport, TN
    372
    47 times
    Quote Originally Posted by D1MES_101
    I have about 95 pounds of copper cents - how much is that?
    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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