Why can't you find uncirculated 2010 single p&d )(not satin) nickels on ebay that are not high priced..Are they that rare?
The mint will produce hundreds of millions of these nickels. They are not rare by any means - they are common as dirt. It is still somewhat early in the year - most of the mints annual products have not yet been released. Combined with the general hype of getting the "new" coinage, Ebay sellers feel they can charge whatever they want. Try going to a local bank and asking for rolls of these - and you will probably get them. I would not pay more than a few cents premium for a nice example of any modern coinage.
It is HIGHLY doubtful that they will make "hundreds of millions" of these. Last year was the lowest mintage of nickels in the last 40 years. Without looking it up, it was about 40 million for each mint. The issue was that they didn't release the 2009 D nickels into circulation until a couple months ago (well into 2010). So, the high prices are speculation that they will have another "low" mintage year. 40 million is not really "low," but lower than in the past. In the future, these prices will come WAY down because they will be fairly common.
Fine then, tens of millions. The point is, these could stretch from sea to freaking shining sea. They are worth roughly the 4.8 cents they cost to make, and thats about it.
i thought nickels cost more then face to make? that was why there is a big debate to change the composition?
The price of nickel, like all metals, is set by the open market and is subject to fluctuation. A while back, when nickel was high, their metal value was worth more than their face value. Today, this is not true. I use this really cool website to keep track of these things: http://www.coinflation.com/ I guess if you add the mint's cost to produce the coins, they might cost over 5 cents still, but the actual nickel is only worth 4.8 cents. Hard money is worth the metal content alone - fiat money is worth what is stamped on it.
It's been awhile since I've seen a mint production report, but the last time I did, they hadn't even made any nickels so far this year. Has that changed?
I have gone through a lot of rolls and haven't seen one yet. But I did get a 2010 D dime on Saturday in change, fresh from a roll. I didn't even notice it until I had stepped away from the counter. There was a long line, so I didn't bother the clerk. I am sure they will become available now. At least that's what happened with the cents.
I think that you'll start seeing them in circulation soon enough. I just picked up a 2010 P dime in my change from Dairy Queen last night and if Dairy Queen has them, you know that they have to be out in circulation because those tasty, tasty treats are just too, too hard to resist with all of their chocolaty goodness and toppings, and.... Ok I might be a little hungry this morning but the point is I don't see the 2010 nickels and dimes being nearly as scarce as the 2009 were. Don’t pay the high prices you see on Ebay.
Kind of a stretch of the imagination but just because the US Mint makes a million or 10 million of them does not mean that they'll be as common as dirt. It is totally possible that the coin could never be released to the public and given the push to change the nickels composition, that possibility gets more real. The 1933 Saints were minted, yet never released. The 1964-D Peace Dollar was minted, yet never released. If by some weird hand of fate a new composition is settled on, it could generate a need to destroy all those over priced nickels since they are obviously worth more in metal content than face value which is NOT a good thing. It's also one of the reasons the country went off of the silver standard for the minting of coin. I'm certainly not saying to rush out and pay serious money for these but what I am saying is to pay close attention to what is going on today. If they produce 30 million yet nobody can get any, then you have a rarity. Has anybody priced BU Rolls of quarters or half dollars from 1983 lately?
At today's prices, the metal in a nickel is worth LESS than 5 cents at 4.9 cents. Is there something special about 1983????
80,000,000 x .827" = 66,160,000"/12" = 5,513,333.3'/5,280' = 1,044.1919 miles. Sorry, Jason, but you wouldn't even make it to the Mississippi River. Chris
