Hoarding

[HavokSouls]

If people hoard pennies for copper why not just hoard nickles instead?

 

[unclehuckelberry]

Some people do. I personally hoard any nickel 59 and earlier.

 

[theekman]

What did they change with the 1960 nickel and up?

 

[HavokSouls]

Some people do. I personally hoard any nickel 59 and earlier.

Do you think there value will someday go up to make it worth it?

 

[LooseChange]

If people hoard pennies for copper why not just hoard nickles instead?

People do hoard nickels. https://portlandmint.com/shop/home.php?cat=3

 

[ArkieBassMan]

The reason most people don't hoard nickels like many do copper cents is that all nickels have the same composition, but there hasn't been a copper cent minted since mid-1982. A 2012 nickel is exactly the same composition as a 1866 nickel (I think thats the first year of the 'nickel'. Someone will undoubtedly correct me if I'm wrong). 'Why hoard something that is readily available?' is the general consensus. If and when the time comes that it would be wise to hoard nickels, there should be a bunch available in circulation for a spell. Instead of hoarding them, I'll just wait until that time comes and then buy a bunch of boxes. Although I do concede that its possible that I might regret not putting back a few boxes when they were all 75/25 copper/nickel.

 

[unclehuckelberry]

The way I sees it I only do about 3 to 4 boxes of nickels a week. I average about $.80 to $1 in 1938 to 1959 (excluding war) nickels per box. That's at most $4 a week that I'm not putting into savings. Maybe 50 years from now I could sell them for $10 a roll like how Wheat Cents average $2.50 a roll.

 

[FormerTeller]

If people hoard pennies for copper why not just hoard nickles instead?

Many reasons. Higher margins. Face value of a pre-'82 cent vs value of the copper is considerably higher than face value of a nickel vs metal value of same.

Also, while the potential value of a nickel right now is about 5.2 cents, it's actual value to anybody else is just 5 cents. The potential value of a copper cent right now is 2.4 cents. However, it is quite easy to sell them for more than 1 cent, and the closer people believe the melt ban to being lifted, the more people will pay for them. It is hard indeed to picture anybody paying more than 5 cents for a nickel right now, particularly since you can still buy them at banks. After the metal composition for the nickel has been changed for 10 years or so, that might change, but it could take even longer.

That being said, I "hoard" nickels prior to 1960, as well as copper cents. I absolutely hoard pre-1982 Canadian nickels, as they are 99.9% nickel. I'm tempted to do so with dimes.

 

[HavokSouls]

Many reasons. Higher margins. Face value of a pre-'82 cent vs value of the copper is considerably higher than face value of a nickel vs metal value of same.

Also, while the potential value of a nickel right now is about 5.2 cents, it's actual value to anybody else is just 5 cents. The potential value of a copper cent right now is 2.4 cents. However, it is quite easy to sell them for more than 1 cent, and the closer people believe the melt ban to being lifted, the more people will pay for them. It is hard indeed to picture anybody paying more than 5 cents for a nickel right now, particularly since you can still buy them at banks. After the metal composition for the nickel has been changed for 10 years or so, that might change, but it could take even longer.

That being said, I "hoard" nickels prior to 1960, as well as copper cents. I absolutely hoard pre-1982 Canadian nickels, as they are 99.9% nickel. I'm tempted to do so with dimes.

Thanks for the info! I thought of hunting for pennies just to sell them because I have no intention of hoarding.. So what pennies to keep to sell? I'm thinking of picking up two boxes today

 

[CopperHoarder]

LOTS more pennies then nickels ;p >1982 Finding wheaties, indian head(s) extremely exciting if your addicted

 

[Wilmingtonsilver]

Thanks for the info! I thought of hunting for pennies just to sell them because I have no intention of hoarding.. So what pennies to keep to sell? I'm thinking of picking up two boxes today

If you don't know what to save while you are hunting, you might want to do a lot more research before you start hunting. Unless, of course, you just like looking at pennies over and over.

 

[HavokSouls]

If you don't know what to save while you are hunting, you might want to do a lot more research before you start hunting. Unless, of course, you just like looking at pennies over and over.

Well I'm only into halves and dimes at the moment didnt really care for pennies or nickles to much until recently. So I may have to do done research like u said