Found these three nickels in 10 rolls today: (what's up with that 60? - it's raised so I assume some funky die damage?) Also found these two cents in 4 rolls today (the 82 has a nice little die crack through the E.) So to the crux of the post - I pulled out all the older nickels I've been collecting over the last 6 months or so and here it is minus a couple that made it into flips. So what do I do with all of these??? Pick out a few I want then dump the rest into coin star? Obviously I will hold onto the 38, one of the three 39's, and all war but that leaves at least $10 worth of nickels I really don't need. Is there any kind of market/desire for these by the roll? So simple question - when your done hoarding coins not worth much more than face (I think?) do you really just dump them back into circulation? I may take them to a local coin shop and use them to buy something using them at face as that's the only logical thing I can think to do with them at this point. What would you do? Thanks for any suggestions / ideas. Darryl
You bought them in rolls didn't you ? Somebody else will too. You might wanna hang on to that '60 - looks like it might be a retained strike through error.
Thanks Doug - They all came from circulation (bank) in rolls I've searched. I dont think they would be worth the added shipping costs so I guess I'll spend them at a coin shop maybe for that nice 45-S I need??? I have just never had to deal with something that kind of seems silly now that I have them all out in front of me. Just makes me scratch my head.
See if someone will buy them for 6 cents each or spend them. Although I think it's an under appreciated series we toss stuff like this in the till at work all of the time Darryl. We buy Whitman folder collections constanly it seems. Unless they are high grade we pull the 39-D and 50-D. Check for doubled MONTICELLO and yank any war nickels. The rest goes out as change unless I have a buyer. Then I pay 5 cents each for them. clembo PS Don't get me wrong folks I repsect the series personally but that's what really happens.
I think spend the 50s and 60s ones but hold on to the 1940s. I'm not so sure that they aren't worth more than face.
Dan - That's the advice I was looking for - what do the coin dealers do with them. Thank you!!! I love the series but I don't need to hold nickels that have no added value. Like I said - I'll cash them in at a shop so at least another collector may have a stab at them. I'm writing the dates on the rolls to make it easier to sort if the dealer wants.
Great idea Darryl and if the dealer is in a good mood you may get a slight premium. I actually do have a friend that buys them. If I see decent ones I pick them up for him. The series has potential if you have the patience I believe.
Interesting 60 there. Oh and unless its a wartime or prior, I spend em. I have come across some nice 41-42 from time to time
If it's not financially inconvenient for you, you could just hold on to them to see which way the laws and markets go. It currently costs 7.7 cents to make each nickel ( http://www.cnn.com/2008/US/05/06/coin.inflation.ap/ ) making each one worth 54% greater than face value. Although it's currently illegal to melt them down for their metal content ( http://www.usatoday.com/money/2006-12-14-melting-ban-usat_x.htm ), who knows what the future may bring?
One of the things I actually hoard are pre-1966 nickels. I think it's because these coins do not have the designer's initials. But I hoard them. Hoarders are a strange bunch. We really have no clue as to why we hoard the coins, it's just the "natural" thing to do. Sometimes we'll even pay a slight premium for them, though the roll searching in and of itself is an exciting and relaxing way of finding new members for our hoards. I would just put every one of them away safely inside some glass jar somewhere, ready to be admired from time to time over the next few decades. Hoarding is a good thing, if you can afford it.
Spend them at the coin shop. I know of one that I used to visit with my son, where they would look through the coins in their drawer for anything neat, unusual, or just uncommon, to give as change to a YN. They did that for my son, and I continue to buy from them partly based on our positive experiences like that one.
I'd do what I always do with nickels after I roll them...take them to the bank. Why pay coinstar to do what a bank does for free? GUy~
Yup, When YNs come in with their parents or grandparents we're happy to see them. I wait on these folks a lot. When it comes time to give change I give out whatever may interest them that is in the drawer. Had a guy purchase a Presidential Dollar Series holder for his son recently. Gave him change in the form of a BU John Q. Adams and circulated Sacagawea and Susan B. Should have seen the look on the kid's (and father's) face. They'll be back and hopefully the kid will continue collecting a long time.
