Are 2009 Jefferson Nickels worth that much??

Sadly, i know of a guy from my highschool days that really used to like to drink and party really hard. His parents had numismatic coins and that low-life wiped them out. He'd spend them at a store near his house, exchanging them at face value, just like any other 7-11 transaction. That'd be a really disappointing thing to experience from your kids. Fortunately, my kids are good kids.

 

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One day there will be 20-30 million of each available for .10 ea in mint state.

 

I have a buddy whose brother did that crap. I mean, I know you really need a 40 oz., but I'd think there'd be a pawn shop open that the dirtball could sell them to. Maybe get two or three 40 oz's.

 

I have yet to come across a single 2009 nickel in change! The 2009 dimes are scarce - I have a few, maybe 4 or 5. No, I don't think they're "rare" .... but I did hear that just about all the 2009 nickels were sent to Puerto Rico, hence scarce on the mainland, but probably common over there. That would explain why so few turn up (that, plus hoarding).

 

I've found many 2009-D's in circulation. I've never found the 2009-P though. I stopped saving the 2009's. As far as dimes go, I had a few rolls of 2009-Ds in mid 2010- I saved the 10 nicest examples and dumped the rest in a coinlok.

 

The "total" mintage is not the point.

The "point" is how availble are they and in what condition are they?

The US Mint actually stopped production of nickels early on due to the recession. The low mintage coins were simply NOT being ordered by the Federal Reserve Banks. As such, even though 39 million were made, very few were actually released. When these were selling for upwards if $100 per roll, the ONLY location to find them was out of Puerto Rico for whatever reasons. This meant that competition to get some rolls was very high.

Now, if the US Mints reserves are on a First in First Out scenario, then the coins could show up. But if they're on a First In Last Out scenario, it could be quite sometime before any are seen with any frequency.

Mintage numbers are a good guage but unless the coins are actually released, its the availability which matters the most. In simpler terms, they may make millions of them but if you cannot find any, then they might as well have made 0.

 

"Hundreds of Rolls"??

How rare would something be if there were 968,000 rolls of them?

 

Interesting statement.

Do you remember reading where the US Mint is experimenting in alternative metals for cents, nickels, and other donominations?

What do you suppose the governments response will be on "stored" coins if they end up making nickels out of an aluminum alloy? Do you think they might consider melting those "nickels" to recover the metallic value? They did, afer all, cost nearly 10 cents each to create.

Something to think about with regard to high mintage coins.

 

Greenie you're not on crack. I got hundreds of these rolls from PR at face when a single nickel was selling for $45-50 on ebay. I sold quite a few rolls off ebay (privately) for just under $1,000 a roll. Somebody guessed wrong.:rollling:

 

Boy, if early american coinage is rare, then Sogdian coins didn't exist.

Sorry couldn't resist.

 

If it cost 10 cents to mint the 2009 nickle shouldnt we be saveing all of them not just the 2009?

 

Sunk cost.

Just because it cost 10 cents to make, does not mean its worth more than 5 cents in melt value. A lot of the cost is production costs.

 

http://www.coinflation.com

Canadian nickels 1981 and earlier (other than the weird metal composition ones) are the only worth saving right now.

 

http://www.coinflation.com/

 

they were not available in mint sets- you could only get them in rolls. Look for all of the 2005-2010 nickels and dimes to achieve similar value. the quarters and some cents were available in rolls from the mint so there are many more unc's of those.

 

Good point. I do think the mint would melt anything it already had in hand before looking to melt circulating coinage. I have seen large amounts of 2010 and 2011 nickels in my short time roll searching, so I would find it odd that there would be 2009s in storage. That being said, this is the government we are talking about and there still may be coins from the 1970's sitting around

 

I'd be on board if they "uncovered" some $1,000 bags of IKE's.

 

The 2009 P and D are all i am missing from my circulation strike Jeffersons. I will keep cracking rolls and searching for better strikes and yup the daggone 2009's

 

my little hoard is all 2009-p. i think theyre all 'nf string' rolls? guess i could google but whats that? also is there a way to find out how many of the 2009 p's went into circulation? Before i bought them i saw the multiple millions minting numbers and wondered why people thought they were 'rare' but i saw the prices ebay was getting and at the time i was able to work out a decent deal on them and i had a little extra money etc.

I could really kick myself for the numismatic choices i made a couple yrs ago as I ended my precious metals purchases (and have started redabbling in PMs again). I was WAAAAY too impatient. I should have studied it and took my time when finding a coin. I bought several slabbed franklin halves based solely on their grade and price. So i ended up getting some with poor eye appeal but high grades - but they were cheaper. haha. Ive been reading the red book(?) guide to US coins. Cant remember if thats the name, its in my car. Got it at BAM and after getting into it realized it was published around 2008 grrr. But its a page turner! VERY interesting stuff!!! There was also an ad in there for an auction site. It was only two letters long then .com. I guess that might be a good place to get a feel for the market?

 

HA.com most likely. Its the largest US coin auction site, (short of Ebay maybe).