Would it be worth it to start hoarding U.S. nickels?

I have read rumors that the U.S. Mint will be going to a copper-plated steel cent and nickel-plated steel nickel in 2013, so, would it be a wise thing to do, to hoard nickels, and zinc cents NOW while I can still get pure copper/nickel nickels without having to pick through them for steel nickel and cents (Which would be pretty easy with a magnet anyway, kind of like those old bingo chips and magnets? And should I also hoard zinc cents? (I already hoard copper cents)

 

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Hoarding nickels has very little payoff these days. There is absolutely no point in hoarding zinc cents at the current value of copper. The price of copper would have to really spike to make them valuable. IMHO it's a good idea to hoard copper cents though

 

Nope. Too many minted for it to be worth it in your lifetime.

 

i mean i kinda hoard em only cuz if the get rid of the peny nickel/ change compoition might be worth some collectors value. but really you get maaybe .10-.2 profit from melt alone so yeah

 

Thanks for the answers, guys.

I just thought that, if they make nickels out of a cheaper metal, like steel, the cupronickel nickels would have a melt value. Thats all.

:welcome:

 

I wouldn't dismiss the idea of nickels. If you really wanted to do it, I would suggest getting mint boxes of BU coins. If anything have been proven over the years, its that hoarding BU coins instead of regular circulated coinage is always a better bet. Still have the same ability to profit on nickel, and the added bonus of being BU coins.

 

Well said. This was my same reasoning when buying silver. Why not hoard? If you have the money and the space, hoard away! There is absolutely nothing to lose, but maybe, just maybe, something to gain. Assuming all nickels were acquired at face value.

 

The way my IRA has performed the past 11 years or so, I would not dismiss hoarding any type or composition of coins. Be it gold, silver, or base metal coins, no one can really say what the future holds for anything.

 

I save all my change just to hoard it. I've already maxed out my 401k so why not. It will give me a few weeks of enjoyment for grading in my retirement. I might even find a few gems in the hoard to make my day.

 

Gee, and to think people were asking the same exact question about dimes-dollars back in 1963/64.

 

How very true!

 

People talk about the insanity of hoarding nickels and pennies, and to be honest I think it's an EXTREME longshot. But it does make me wonder as a young person, how was silver viewed when it was in circulation? Did people always understand it's inherit value and realize it was due to be an amazing investment, or did they discard it's value as well?

 

Can I help your decision out by showing you this!

http://www.ebay.com/itm/1-SEALED-BANK-BOX-OF-50-UNCIRCULATED-ROLLS-2012-D-JEFFERSON-NICKELS-IN-STOCK-/380418242605?pt=Coins_US_Individual&hash=item5892b1b82d#ht_500wt_975

or this!

http://www.ebay.com/itm/Full-box-of...S_Individual&hash=item1e6bfa9c03#ht_500wt_975

 

Nickel is not a precious metal...yet!!!

 

Well it is about 3x more expensive than copper last time I checked.

 

I asked my grandparents and they told me that a few years before silver coinage was removed they never really thought about hoarding any, although they did keep any silver dollars they came across as my grandmother saved them. Besides some fore thinking individuals my grandmother said she didn't start saving silver coinage until they found out it was going to be replaced and that's when most other people started hoarding it too. I remember asking my father when he was still alive about this before as he was a teenager in 64' he told me that another thing was that the coinage bought a lot more back then and was used a lot in daily commerce because things were very cheap compared to today so it was difficult for saving a bunch of change when a bunch of change was a decent amount of money for people.
As for hoarding nickels it couldn't hurt is my view you'll always get back what you put into it inflation aside. Also if they ever do replace the dollar because we have something like hyperinflation occurring viewing past history of places that have replaced their currency for such a reason they usually left the coinage alone as it's too much a task replacing it all and collecting it all. So if say suddenly we have a new dollar of some sort that one dollar in equates to 100 of our old dollars or something like that people with lots of cash in the bank tend to lose money but those with a good amount in change could make out because $1 in change could still be worth $1 in the new currency.