war nickles worth buying @...

War nickels are my favorite kind of coin. You can get them near melt and they have a chance of becoming numismatic. They'll sell for more for sure. With the price of silver going up, and the fact that there are no more made, how can you go wrong? I am only mildly numismatic, but these are a win- win.

 

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It goes wrong because its not a good source of silver. Refiners hate these because its much harder to refine than 90%, and there is a lot less volume. Always remember, if you are buying for PM value, a refiner in the end is the ultimate customer.

I like war nickels, I own 1000 or so, but always have paid less than melt for them, sometime much less than melt. Yes, they were only made for a few years, but look at the MINTAGES. Huge mintages, poor source for silver = little potential numismatically and low grade PM source = below spot value.

Its been that way for 35 years now, and I don't see any reason for it to change.

BU rolls, now, I think THOSE are highly collectible and good to own.

 

Anyone interested in buying some war nickels should go head over to the for sale section and see what is there

 

This is a terrible time to buy most Ag coin or bullion, at peak prices. Why does interest always rise WITH the price?? You folks want to pay more?
By contrast "Buy LOW sell high" means that you'd have been shopping back in late May - August in 2012, probably not in 2011, and so on. Look, wait & buy in periods where the POS gets LOWER, not higher.

When someone asks about junk War Nickels in the bullion section, presume they're looking for a lower-cost entry point for Ag. For that, WAIT. Silver will almost certainly retrace (I believe towards $25 and perhaps $22) within a few months. Don't rule out the possiblity a BIGGER correction either - Silver tends to witness huge swings in PM Bull Mkts. IMO $19. is screamin' BUY - a sweet entry point for anyone late to this market.

Whatever happened to investor discipline, thinking like Warren Buffett (or Eddie Murphy, lol) ... ?

 

I agree with you Juan. Jump in when silver gets down a bit. That's why I haven't been buying big amounts lately. I actually only have around 20 war nickels, so I guess that doesn't mean I'm a big collector. I am waiting for another buying opportunity for some "junk silver" or some other mildly numismatic coin out there. Meanwhile I am buying things here and there, biding my time...

 

I don't understand the confusion with shipping costs and fees on FeeBay.

Buyers are a little bit smarter than they were in the early days of the Internet. They decide how much they're willing to pay for an item, they take shipping expenses into consideration, and they bid accordingly. For example, if they're willing to pay $20 for an item, they'll bid the full $20 if it has free shipping. If the seller is charging $5 for shipping, they'll bid $15.

Several years back, sellers were abusing a loophole where they could avoid paying final value fees by selling a $20 item for $0.01 with $19.99 shipping. FeeBay caught on and initially tried to address the problem by ending auctions where the sellers were charging excessive shipping fees. When that either failed or resulted in too much effort, they once again changed their rules so that fees are also levied on shipping charges.

So, with all this in mind, how is it that a seller can recover fees by charging for shipping? In the end, you're paying around 12% fees on a $20 transaction, regardless of how you allocate your shipping expenses.

 

Its like State governments taxing you on income the Feds have already taken.

 

This wasn't several years back. 2012 is when they changed their policy on shipping. It was always against the rules but ebay had to way to police it. You could sell something for 1 cent and charge $1000 for shipping. This would make it so you only had to pay for the fees on the 1 cent. The way it is now if you charge $1000 for shipping they factor that into the final value fee.

 

It was several years back when they started manually policing auctions for those that had excessive shipping charges to circumvent their final value fees. I can see how that would be a nightmare and I can't say I blame them for just slapping it on the total. It sucks, but it isn't the first time a few people ruined something for everyone.

 

I was just down at an antique place that has a coin booth and their war nickels were going for from 3-4 bucks a piece. Now the booth rent and the commission takes some of it, but that's not a bad price to sell them at. So maybe war nickels aren't such a bad play after all.

 

Were they selling at that price, or just priced at that price?

 

i still see excessive shipping charges

 

I guess I'm the only one talking war nickels here. I just got 5 for a buck a piece, and I am okay with that price.

 

That's a fair price for war nickels. I wouldn't mind paying that, but I am more of an album collecter (I would put them in a Whitman album) than a bullion invester. Don't get me wrong, I will go after silver at the right price

 

I showed this to a buddy. He wanted to load up his truck w/boxes he's got. He's ****-bent on paying off his house.

 

No one knows what the price is going to do, silver already corrected from $50 to $26 so you certainly aren't buying at a top.

 

Buy all you can get at that price!

 

I could only buy 5, but I think I'll keep looking around. I saw some at the Fairfield Antiques Mall here in Maine for $3 and $4 in flips, so I think I did okay.

 

There are dozens of completed Ag nickel auctions on feeBay yesterday. NO SCARCITY HERE, folks! Lots of rolls sellers now - rolls sold at ~$1.70 per coin and traded for $1.50 (net 13%) so that's 'what-its-worth' 1/29/2013. Caveat emptor = flipper beware! The LCS will give you much less...

Instrinsic (so-called "melt") was $1.79 so yes indeed you CAN easily buy these Ag Nickels at below melt in larger lots and bidding carefully.

It's crazy to spend $4.-5. per coin (~120-180% premium!!!) ; that's just exceedingly poor trade, very undisciplined, irrational behavior. Folks overpaying by multiples are likely the first to liquidate when POS goes back down to $25. It never fails, dummies get hit comin' AND goin' every time. Just saying.

 

If you are willing to pay a 180% premium on silver I recommend holding USD instead. Go buy a silver etf. Anything other than war nickels at a 180% premium!