Nifc coins, i dont get it

theekman · Aug 19, 2013

If they are nifc why do I find so many in circulation?

Some people think they will be worth money in the future because the mintages are low on them. Most post 2002 or 2001 whatever it is that are non silver have a mintage of 1.5-3 million. There are old walkers that have mintages of 1-1.5 million that are worth spot, same as a walker with 30 million minted. So how is a coin that 75 years newer and not a pm going to hold any kind of numismatic value, especially with around 10 years with of low minting?

jamesandsons · Sep 9, 2013

Ended at $30, which was my original buy-it-now price. Way better than I expected. It was definitely worth it to save up the whole set and list them that way.

50cent · Sep 9, 2013

i says it once and i says it again, NIFC means one thing and that one thing is Nice I Found Clad

Eminem · Sep 10, 2013

50cent said:
i says it once and i says it again, NIFC means one thing and that one thing is Nice I Found Clad

Homie it's a shame they ain't been listenin to you from the start

50cent · Sep 10, 2013

Eminem said:
Homie it's a shame they ain't been listenin to you from the start

you be right dawg, we need to petition the mint to stop minting them homeslice.

Eminem · Sep 10, 2013

50cent said:
you be right dawg, we need to petition the mint to stop minting them homeslice.

A dumb tella told me they couldn't order me halves cause they don't mint them anymore. I'm sure we could make that true.

50cent · Sep 10, 2013

Eminem said:
A dumb tella told me they couldn't order me halves cause they don't mint them anymore. I'm sure we could make that true.

we could, we can, and we will. One phone call at a time. Headquarters (202) 756-6468

The United States Mint · Contact Us

Omega · Sep 10, 2013

Eminem said:
A dumb tella told me they couldn't order me halves cause they don't mint them anymore. I'm sure we could make that true.

I've had that many times before lol

usandthem · Sep 10, 2013

Argentium said:
Ok , I tried to put this topic to bed a couple of years ago , I'll repeat what I've said before - if you really want to test the "value" of non-silver NIFC's walk them
into your friendly neighborhood coin store -TRY to get one cent more than face value for them !!! Nuff said !!!

Doesn't sound like a very proven theory to me. :cat:

baddbluff · Sep 11, 2013

usandthem said:
Doesn't sound like a very proven theory to me.

Ya sounds like jamesandsons used his head & found a way to make a nice profit. You don't even have to look at all the dates to find them, either. While edge checking, take a quick peek at the coins with really shiny edges - those are a lot of times the NIFCs. Save them til you get a full set & sell them like he did. Nice work!

50cent · Sep 11, 2013

baddbluff said:
Ya sounds like jamesandsons used his head & found a way to make a nice profit. You don't even have to look at all the dates to find them, either. While edge checking, take a quick peek at the coins with really shiny edges - those are a lot of times the NIFCs. Save them til you get a full set & sell them like he did. Nice work!

You are right, although I don't like NIFCs there is money to be made with them. I traded my $1000 collection of NIFC halves to 1more4me's 50 State S-mint quarter collection. He sent me a heads-up about how the NIFCs are selling like hotcakes on ebay.

fish on! · Sep 11, 2013

This is an awesome thread. Everyone: please, please, please start keeping all of the NIFC's you find. Also, please keep all of the 1971-2001 kennedy halves that are in at least decent condition. I think this is definitely what the hobby needs. Tons of hunters keeping all of the clad that they can find.

ArkieBassMan · Sep 11, 2013

jamesandsons said:
Ended at $30, which was my original buy-it-now price. Way better than I expected. It was definitely worth it to save up the whole set and list them that way.

Interesting, but not surprising. I once saw a quart-sized ziploc bag of genuine unsearched Arkansas dirt sell on ebay.

The real question is, could you sell 100 sets at this price? 1000? 10,000? Could everyone on this forum save every NIFC we find, list them on ebay and clear 2.5X+ face for every single one of them? I don't think so. There are NIFC buyers out there, but I believe its a very limited market in which supply would overwhelm demand VERY quickly if more people were selling NIFC halves.

Iamrussell · Sep 11, 2013

jamesandsons said:
Ended at $30, which was my original buy-it-now price. Way better than I expected. It was definitely worth it to save up the whole set and list them that way.

3X face? Almost as good as a 40% at spot- now I know we'd all prefer the ag and youre not always gonna get that price but goes to show one mans dump will be anothers profit
Nice job

-------------------------------------
just keep stacking, just keep stacking, stacking stacking stacking

jamesandsons · Sep 11, 2013

ArkieBassMan said:
Interesting, but not surprising. I once saw a quart-sized ziploc bag of genuine unsearched Arkansas dirt sell on ebay.

The real question is, could you sell 100 sets at this price? 1000? 10,000? Could everyone on this forum save every NIFC we find, list them on ebay and clear 2.5X+ face for every single one of them? I don't think so. There are NIFC buyers out there, but I believe its a very limited market in which supply would overwhelm demand VERY quickly if more people were selling NIFC halves.

Good point. The rest of you who throw them back, keep doing so. I'll keep saving and selling them in small, homemade artisinal batches, at a nice profit. Stay out of my market, so the price doesn't go down!

usandthem · Sep 11, 2013

baddbluff said:
Ya sounds like jamesandsons used his head & found a way to make a nice profit. You don't even have to look at all the dates to find them, either. While edge checking, take a quick peek at the coins with really shiny edges - those are a lot of times the NIFCs. Save them til you get a full set & sell them like he did. Nice work!

My post was directed towards Argentium.

WormtownFJR · Sep 11, 2013

Argentium said:
Ok , I tried to put this topic to bed a couple of years ago , I'll repeat what I've said before - if you really want to test the "value" of non-silver NIFC's walk them
into your friendly neighborhood coin store -TRY to get one cent more than face value for them !!! Nuff said !!!

BAH..The same LCS will also give a little old lady 3x on her silver.

SilverForBrains · Sep 12, 2013

exactly, you have to sell the whole set in great condition on ebay to get a premium

Argentium · Sep 12, 2013

I never once said that you couldn't sell non- silver "NIFC"'s What I said was if you wanted a true test of their VALUE - you take them to the "sharks" not
the suckers ! I'm perfectly aware that you can sell an image of Christ that you see on a tortilla - on e-bay ! At least if you are going to quote me ,
have an understanding of my meaning , especially if you disagree with the point I'm trying to make .

fish on! · Sep 13, 2013

I have to recant everything I have said in this thread. I am sorry. Today I found an NIFC and I am keeping it. It might be the coolest coin I have found since I started this hobby. It's a 2008 NIFC S proof SILVER: