Hey guys,
Please read all of my post because I
REALLY am curious as to what you coin-pros will have to honestly say about this issue.
I have been wondering, is it worth it keeping coins that are in general circulation but are no longer made (or there is talk of them being no longer made)?
I'm talking about coins like:
- Lincoln Memorial (1959 - 2008, supposedly)
- Non-silver Washington quaters (1965 - 1998)
- Jefferson Nickels (1938 - 2004)
All of these coins are VERY easily found when you get change, or even walking through the parking lot sometimes.
I'm wondering though if these coins will ever be worth more in the future (40+ years) and if I should start putting them in big jars (or if I should bring them back to the bank for more roll-picking)?
I think a
good example is the Washington quarters made from 1965 - 1998. Sure, they may not be silver like the pre-'65 ones that everyone is after, but they are definitely not being designed anymore. Now that the state quarters are out, the normal quarter we knew before 1999 will probably not be coming back again when the state quarters are finished.
So
since the Washington quarters are pretty much done with thanks to state quarters, and since the
Jefferson (Monticello) nickels are over with because of the Westward Journey nickel series, AND since the
Lincoln Memorial will be having a redesign in 2009, should I start
hoarding them in jars for safe-keeping in say 40+ years?
I've seen older folks sell jars of coins they've had since the 1940's and 1950's and they're getting quite a good price on them. It seems like coins really gain value after a few decades after their production ends. Is this the case with the coins I mentioned above? Should I start jarring as many as I come across with the intention of selling them in 40+ (and NO less) years?
Thank you friends,
Andrew