Why are people paying $13. for 2009P Nickel?

I don't understand why people are paying $12 to $14 dollars for a 2009-P Nickel???

 

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They are either impatient and unwilling to wait until the coins actually trickle down to them in circulation, or they have already presold them to someone else who was willing to pay more :goofer:

 

Or they believe the sky is falling....DUH! people feed on panic how many were minted???? there was only 25000 1997 matte finish coins made! Let's see getting a 1997 Jefferson nickel in 67 /69 grade for your set or panic and pay $15 for a nickel that comes in a mint set.... duh! buy the mint set for 30 and your ahead of the game....... by at least $1.86

 

Mint set is a different finish, than '09 business strike that are being sold.

 

Because they have become much more available and consequently the price has fallen tremendously. They first ones being sold on eBay fetched as much as $118 and a lot of them sold in the $80 to $100 each range.

 

This just doesn't make any sence. There is no history involved.

 

Ah, the human condition.

Why do people stand in line on opening nights for movies or concerts? Why do people upgrade their cars/cell phones/TVs and so on without any obvious improved benefit?

Therein lies the secret of the 2009 nickel and dime!

 

Bragging rights. Some folks just have to be the first one to say "I got this" or "I went there" or "I got a 2009 Jeffy". Bragging rights are just too darn expensive for me.

 

in a word: dumb!

 

Bragging rights? What's to brag about a modern coin with a mintage in the 10's of millions? Probably 100's of millions. I'd be embarrassed to claim I purchased a 2009 nickel or dime for $10 no less $100.

Bruce

 

It's just amazin' what folks will brag about Bruce....:smile

 

You really believe that? with all the junk comming from the U.S. mint? I don't.... That may have been the case in the 60's even 70's today no way! I have gotten better out of rolls and bags than from a mint set! I have been collecting coins since 1961 started at age 7 I'm 55 now ....if you think the mint produces mint sets with a different finish you better think again! They may produce a speical set like the 1994 & 97 Jefferson nickel but regular mints set no.... they may be new dies but banging out hundred's of thousands of nickels dies wear....The mint is a business that makes coins.....like any other manufacture it's all about getting the job done! 40 years ago I would agree with you.... today you're drinking the Koolade!

 

I'll have an order of Koolaid please. Yes, onecoinpony is correct. The business strikes for circulation do have a different finish than the Mint Cent coins, as do the Proof Sets. If someone collects Jefferson nickels they may well desire to have samples of each of the finishs available.

 

HALLELUJAH!

Just ignorance.
If other people can get them, what makes other people think they can't? They will be circulated all around soon, very soon, and many many people will look foolish.

 

What flavor would YOU like, Mister Jones?

 

Bingo!

This coin may be the next 1950-D (except the 50-D actually WAS a low mintage). People will hoard them so the price in unc will trickle up eventually. In years to come finding a circulated example could be a much tougher issue.

 

'bout a nine on the tension scale Paddy. Different finish non the less....

 

I saw an article with charts and percentages that said this years Nickel and Dime mintages are the lowest since the mid 50's. Now with that said, by no means am I buying into the hype because everything is relative. Imagine how many people read that same article and then a 'lightbulb' above their head, '$$' in their eyes and a 'D' on their forehead later have a stash of brand new Nickels that they paid an exorbinant percentage above face value for. I find it funny and as Ben Franklin once said "There are no fools more troublesome than those with wit." and in this case theirs fools abound. :headbang:

 

I really dont think people will hoard these if they paid an exhorbitant amount of money for them. My best guess is that most who are buying rolls even at $150 each are opening them up for resale as singles. There is money to be made even when you pay $150 for a sealed nickel roll.

I dont think there will be much hoarding of rolls because singles are selling so well. My best guess is by the time these are seen in circulation there wont be too many rolls available because most were broken up to sell as single.

But hell what do I know. Ill be putting away a few rolls but for the most part the rolls will be up on the Bay.

 

That nickel is not included in the mint set