Should we start hoarding Nickels like we do copper cents?

[kvilleification]

Definitely an interesting read . Should we start hoarding nickels due to the nickel content? My friend is seriously considering it, and there is strong evidence for it, but I'm not so sure.

http://beforeitsnews.com/story/1650...Get_Rich_Opportunity_Of_A_Life_Time,_Now.html

 

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[The_EE]

I'll will chime in one more time on this. I think hoarding nickels for the general population is a good idea because they are worth more than face value right now, require no sorting, and will never be worth less than 5 cents each. It is a semi-precious metals investment with no significant downside risk (other than theft).

For people who coin roll hunt, however, it is probably not worth the money tied up. Since we spend our time sorting anyway, we are better off sorting for the high return silver, or the low return but high volume 95% copper cents.

If I didn't want to take the time to sort coins, I would buy and hold nickels. Since I do sort, I'll take the higher return on investment with silver and copper.

I agree with your statement but I still say, if you are going to sort nickels for the pre 60's, the war and buffaloes, it cant hurt to set aside 2, 3 or 5 rolls out of each box for the future. Doubtful that it would take out enough of your funds to hurt them and they will only go up in value. I plan on doing 1 box of nickels a weekend, perhaps 2. Two or three rolls a week set aside for the future wont impact most peoples ability to CRH and its great emergency money regardless.

 

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[MIhunter]

NO, NO, NO

1) Even if the Fed changed the nickel tomorrow to nickel plated steel, it would take DECADES for the circulating supply to run low of cupronickel nickels. If has been 30 years since the mint produced copper pennies and yet a box of pennies still has 20-30% copper pennies in my area.

2) Copper and Nickel are not investment grade metals, gold and silver are. Go and find a pawn shop or coin store that you can buy 90% silver US dimes, quarters and half dollars. Then go each week with whatever you can spare, a couple of dollars, a twenty a hundred.

3) Canadian 99.9% nickels are a different matter. They are meltable in the US, conatain 1/100 a pound and thus when you buy a 1981 or earlier canadian nickel for 5 cents, you are buying nickel at $5 a pound. But I wouldn't hold until to it long, sell it and buy some gold or silver!!!

4) I saw a idiot on UTube, proud of himself for investing in copper. He bought some 1 oz copper rounds for $3 each. He'd never break even on that deal!

Just my thought,
HH!!

 

[Delta2187]

As an interesting aside... Nickel will outperform gold in the next 12 months....


http://www.commodityonline.com/news...n-next-12-months-deutsche-bank-45340-3-1.html

 

[ancesthntr]

I've been sorting nickels for a while, along with pennies, dimes and halves. Here's my take:

Pennies: I get about 15% copper pretty consistently, with the occasional box at up to 17% (though one box had 4 rolls of 1979s, but that's an outlier). I usually get about 8 or 9 wheats per box. I will continue to do this sorting whenever I want a change of pace. I've got over $150 worth of pre-'82 pennies. I also save the '82s, but don't sort them as it is a giant PITA - someday I'll sell 50 or 100 rolls of them on fee-bay to some soul with a sorting machine and let him have the fun.

Dimes: I've gotten skunked on every BWR that I've searched, save for 1 solitary Rosie (we're talking about 12 boxes). I got 2 other Rosies from some CWRs. All in all, not worth it for me.

Halves: I've gotten a bunch of 40% and a fair amount of 90% searching these, and I'll continue doing it whenever I've got the spare funds to buy a couple boxes at a time.

Nickels: I search for war nickels, buffaloes, 2009s and anything before 1956. I get something out of every box (one exception - the entire box was brand new, so I saved 10 rolls). I usually save a couple of rolls per week, and I'm up to around $200 of plain-Jane nickels. You can't lose with it from an investment perspective, plus its a good (if rather inconvenient to carry around) source of extra cash in an emergency. I don't think that junk nickels will ever be the huge score that 90% silver was/is, but we're living in 2012, not 1965. I'll take what I can get, and the nickels will ultimately be a good investment. FYI, I've gotten roughly 1 war nickel or 1 buffalo per box, though the present box I have had one of each (and I'll finish tonight). I've also gotten a 1910 V nickel (on the end of a roll, no less!), as well as a 1938-D, 1938-S and 1939-D. No 1950-D yet, but I know it'll come. I really like the fact that you can just use $100 to have a box worth.

 

[The_EE]

I also save the '82s, but don't sort them as it is a giant PITA - someday I'll sell 50 or 100 rolls of them on fee-bay to some soul with a sorting machine and let him have the fun.

Its quite fast and simple to sort the 82's.

Use a scale, drop them on one at the time weigh them and toss either into the copper or zinc pile. I can do a couple hundred 82's in a couple minutes that was, at least 1 a second.

 

[BuffaloBoy]

I think it would be unique, as stated above, to buy a box of nickels, and maybe even a few boxes of pennies, and let them sit in the corner of the closet unopened and unsearched. This would be interesting to open 40 years from now
I might just do this.

 

[legend76]

I think it would be unique, as stated above, to buy a box of nickels, and maybe even a few boxes of pennies, and let them sit in the corner of the closet unopened and unsearched. This would be interesting to open 40 years from now
I might just do this.

As I think JRF stated, and I did the same at the end of 2010, I bought some cent boxes (more than I would do for a while) to keep from getting a bunch (or all) of the new 2011 cents