war nickles worth buying @...

As long as silver is doing well they will always sell well over face value. The best way to get close to spot or even spot would be selling on craigslist. I sold a decent amount of 40% halves on craigslist about a months ago for spot then turned it right around and bough 90% at my LCS down the road. The guy even met me around the corner from my LCS.

 

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I did the same thing with my Morgan Dollars. Sold them at large premiums on CL and bought junk 90% at melt. I want the most amount of silver. I don't only have 90% though. I don't mind paying a premium of $3.50 for ASEs though. Beats the premium of the morgans.

 

I would not pay a premium for war nickels if you are looking for bullion. They get hammered upon resale because of their low silver content.

 

I would not buy war nickles unless they are 10-15% under spot. The mangenese in them literally eats some of the silver during the refining process so you can't melt them. Yes, they will sell on ebay but the almost 20% in paypal and ebay fees now kill any profit that you would ever make. Stick to .999 or 90%

 

Where did you conjure that number from?

 

I think war nickels will have a little numismatic bounce to them as well as the silver content soon. They only made them for a few years, and they are distinct from all other nickels with the big P mintmark, so I think they are worth getting just to appreciate. I like things like them, under appreciated. How can you go wrong with them if you get them around spot?

 

I don't bother selling the several hundred I have accumulated from circulation - but do sell the 40% halves I find - and they get hammered down too. Frankly unless you are getting a really good deal on them or want a date set for your collection I am not sure why anyone would pay close to melt for them.

 

The fees are high but its more like 12%.

 

It isn't that far off. Ebay's final value fee is around 11%, paypal is 3%, and you have to figure in the cost of shipping too.

 

Sell war nickels one at a time, and your fees will be closer to 25-30%.

At last fall's coin show, one silver buyer was offering 21.5x face for 90%, maybe a 5% discount from melt. I think 40% was at 8.3x, a larger discount, and war nickels were at something like $1.10 each, a larger discount still.

By this morning's Coinflation figures, 90% melt value is 23.1x face, 40% is at 9.4x face, and war nickels are at 36x face ($1.80 each). Friday's closing price was close to that. At this weekend's show, I sold 90% for 22.3x ($2.23 per dime), 40% for 8.5x ($4.25 per Kennedy half). I don't think I could've gotten more than $1.20 each for War nickels, 2/3 of their Coinflation "melt value", and I'm pretty sure I could've bought them for $1.50 or $1.60.

 

eBay's fees are 9%, Paypal is 3% and you charge for shipping so that shouldn't be added in with their fees.

 

good info, thanks.

 

And time...if it takes an hour to sell $100 worth of nickels that is a hit of 10% too.

 

I feel like the odd-dog when it comes to war nics. I collect, period. I have dozens of RPMs, double-die, & a few box-found overdates.
I've never had a prob w/offing my discards for $75. I do not consider these a viable form of bullion. Thats just me.

 

$75 a roll?

 

Ok its not quiet 20% but listing fees, picture fees, 12% final value fees (They charge you a % on your shipping fee now), 3% paypal fee! It adds up very quickly!

 

You can easily go wrong with them because its hard to get spot out of them!


Also just because something was only made for a few years doesn't make it worth money. Unless the war nickles have full steps or are very close to it they don't carry any numismatic premium!

 

Dittos...I'd rather just acquire them for $0.05 each, so if I choose to sell I get well above my cost whether I get spot or well below spot.

When I buy bullion, I stick with 90% quarters & halves or ASEs.

 

I have never done that but i should,,I still have a dormant account at a credit union where i have paid off my vehicle refinance loan,,and they have a coin counter,,still a member so no charge.

 

Listing Fees: Everyone gets 50 free per month
Picture Fees: Everyone gets 12 free photos per listing
Final Value Fees: FVF are 9% not 12% E-Bay Standard Selling Fees FVF are 7.2% for Top Rated Sellers
Paypal Fees: Paypal fees is 2.9% + $.30. Standard practice is to call it 3%.
Shipping Fees: Unless you are a top rated seller who needs maintain ratings, there is no reason not to charge for shipping thereby canceling that fee.

Summary: E-Bay FVF & Paypal fees are roughly 12%, not 20%. If you guys are going to call it 20%, then I am going to call it 4% with the same level of accuracy.