Is 2006 nickels a good buy?.

why did american bought so many nickels set at a very high premium from the u.s. mint?. is it a good buy or investment?. if you look at e-bay results. prices even went much higher than the mint. is 2006 nickels, first year issue a good investment?. will the mint declare sell out soon?. should i buy 100 set or more?. why the bank never allow me to change new nickels (new york city). they told me they only serve business clients?. as of today, i even did not see any actual 2006 nickel. and i noticed fewer ocean in view circulated out there.

before i proceed to buy 100 set. please help me. comment.

 

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Since this isn't a half year issue or such the mint will mint these till DEC 31, 2006....I don't think they will sell out.
The reason the bank didn't let you is because you need an account there to get change....Banks are doing that these days....sometimes they just charge about a quarter more per roll if your not a member of their bank.

Speedy

 

a good buy or not?.

all three banks that i went to are my banks. i have several individual accounts with them.

nickels and pennies are the two denominations that will be lightly damaged during processing and packaging. because they were smaller and light. they have no sharp rim to scratch each other. while quarters will be heavily damaged due to commonly used by people. like laundry machine. most of the rim of quarters becaming flat. but again nickels is better than pennies. pennies changes color fast if not carefully protected. other good thing about nickels is that its metallic cost near its face value. around 3 cent for a nickel and 2 cent for a quarter.

 

You need to go to the Head man there at the bank......if they still won't remove your money and go to another bank that will help.

Speedy

 

can change it

i been there at those banks for many years. all three banks were near my house. few minute walking. i can't change it. the only ways is to open new account at some other banks.

 

Well if the banks aren't helpful and friendly why use them?....

Speedy

 

Open an account with Commerce Bank-I own the stock and they are all about customer service

 

I wouldn't invest in them. It's not like first year issue coins with maybe a million made. These will be made by the HUNDREDS of millions, maybe even hit a billion.

For what it is worth, I bought a P&D set from the mint for the wrapping to go with my other nickel sets. $10 or whatever it was is worth it.

 

Don't panic about any new coins. I remember a similar craze about the Bicentennial coins in 1976. Everyone was going nuts hoarding them, getting them from the Mint, from banks and everywhere they could. Then after about 20 years everyone started to notice the prices just didn't go no where because everyone had them. One freind of mine had thousands of dollars worth of the quarters. He ended up doing the same thing everyone eventually did and took them to a bank so they could at least get interest. I recently took about 20 rolls of them to a bank. I go to about 2 coins shows a Month and when I tried to sell some of them it came close to one big smile after another. No one wanted them except for change.
Now if your bank is giving you grief about those coins, get a gang together and rob the place. That will treach them. And you'll have all the Nickels you want for free.

 

Banks, with great timing you may get those pennys and dimes also. Those are the cats meow since you can not get them from the US mint (think 1983 quarter).

 

recently bought some nickel rolls

i bought few rolls of 2003 bank rolls. some rolls with the same wrapper end obverse. and some rolls also have the same reverse on it. how can one tell what is the date on it. unless you open it up and see. and if you want to sell them in the future. will it be a problem?. is that base purely on trust?. someone expert on this?.

 

2003 nickel rolls

so in this case, i can not sell it. because there is no way to tell the date. or i can unless the other side trust me. or maybe i have to open it and put them in a clear tube. but the it will reduce the selling price when i plan to sell them in the future. what you think?.

 

I'm in NY too, I have accounts with 3 banks but non of them get new coins. They only have the regular coins, out of two nickel rolls I found 2 new nickels, with many bag marks.

 

Being in a bank roll never increased its value in the first place. In fact, there's no guarantee that the coins are all of the same date within the roll. You would be better off opening the roll. You can always re-roll the coins if it makes you feel any better.

 

Bank of America and Starbucks coffe are great places to get bu rolls.

 

get bu rolls

is that apply to new york manhattan area?.

 

Hi Tracy
Don't worry about the premium of the new nickel ,like Carl said rember the 1976 thing. I have been collecting
jefferson nickels for over twenty years. Years ago I just had to have all the 1950-d I could get my hands on.
BOY did I every fall for that one, people hoarded all the 50-d's . Today you can get a 1950-d in B.U. for $16.00 but a 1939-d in B.U. will run about $ 40.00 a roll of p-mint peace medal nickels are coming down in price now from $23.95 to 21.95 you will find what you want, just hang in there.

 

I should have put, and a roll of peace medal nickels sorry about that. The $40.00 was for one 1939-d, some times I drag my hands when I WALK.

 

If you do get rolls from the bank, open them and check to see if they are all new. Regarless if new or not do the same thing with several rolls. Get the plastic roll containers and put the best quality of all the coins in the plastic rolls and seal with scotch tape. In about 2 or 3 hundred hears they will be worth about $3 a roll. The reason is just about half of the people in the US are doing the same thing. Great example of that is the 1931S Lincoln Cent. Everyone saved them as new. Difficult to find one that has seen circulation and there for the price is zip. As I mentioned before, us older people have been through all this nutty Mint weird stuff before but not quite this big with all the varieties. Have you noticed that just about every person you talk to has an album of the new quarters.