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Well GDJMSP I must agree with you and your very valid points. I think we will see prices rise and fall and rise and fall in an effort to get private collectors, who are hoarding them away, to put them back on the market. Eventually, when they all reach the hands of the hoarders and collectors, they will be GONE and it will take a constant demand to bring prices up to a sell level. After enough of them are returned to dealers the price will come back down. I believe this cycle will repeat itself many times over due to the limited production.
Now for those of you who want to know how long they will be made. The buffalo nickel will be sent to the Federal Reserve for up to 6 months or when ever the Mint starts making the next commemorative nickel which should be in late June or early July so they will be ready for the release date. If the Mint holds to the same offer as last year they will be able to continue to make and sell buffalo nickels to collectors directly through Mint purchase for 9 months. That means by the end of Sept. this nickel is gone for ever. Will they really ever be worth something? That would be according to each of our definitions of "worth". The 2004 P Peace Nickel is currently being sold at the $14 to $16 level? Are they now "worth" something? Each and every one of us who purchases any coin, not just these buffalo nickels, with the intention of selling it/them some day must make up our mind what the magic number is that would bring us to sell or put them back on the market! Then YOU must stick to that number, whether it be $10, $15 or $20 per roll. The same would hold true for proofs or singles. Pick your price and wait it out! If your sell price is not reached when you had hoped then you again must make a decision to hold or sell at current levels. One must always keep in mind that there are really a LOT of buffalos in hiding in uncirculated condition so pick your sell price and live with it. No more than we have invested in these coins I would think it would be something to hold for quite a long time. Just wish my grandparents would have held on to a small hoard of buffalo nickel rolls from 1910 to 1920 and then of course passed them down to their grandchildren, preferable ME, as 90 years has sure done those coins justice! Hopefully anything I put back for my little one will be worth holding 50 years from now and hopefully I will have him convinced to HOLD for as long as he can! Enjoy this new nickel and this fantastic hobby we call coin collecting!
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