How many unc westward journey nickels do you have?.

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mintage is low

mintage is considered low for ocean in view as compared to other years. 2006 mintage might hit 1.5 billion.

2004 keelboat is the lowest mintage for westward journey.

 

Billion? *faint*

 

I agree about the price, but I was arguing the point that a few people was saying the Westward Jourey Series were Modern Crap an would not be worth anything but five cent, but in fact they (or at lest the Peace Medal) have made a big impact on the market in it two years. Not many coins can clam that.

The mintage for the Westward Jourey Series was no larger then most of the nickel that was minted before it (1970 to 2003). And that was surprising considering this was the first time in 55 years the it had change design. Look at the Bicentennial Quarter when they came out with it the mint double the production from an average of 400 mil in 1975 to 800 mil in 1976 and that may have been one of it's down falls. So the mintage for the Westward Jourey Nickels was about right for each series.

 

mintages for westward journey

2004 peace medal - 361.4 m (P), 372.0 m (D), total 733.4 m
2004 keelboat - 366.7 m (P), 344.9 m (D), total 711.6 m
2005 am bison - 448.3 m (P), 487.6 m (D), total 936.0 m
2005 ocean view - 394.1 m (P), 411.1 m (D), total 805.2 m
2006 jefferson - 662.4 m (P), 711.4 m (D), total 1,373.8 m (as of october, 2006).

 

Each nickel was minted for about 6 months. The bicentennial coins were minted for a year and a half.

 

1983P 561,615 m, 1983D 536,726 m, total 1.098 B

1984P 746,769 m, 1984D 517,675 m, total 1.264 B

1985P 647,7114m, 1985D 459,747 m, total 1.106 B

1986P 536,883 m, 1986D 361,819 m, total 8.987 M

And your point is?

 

The time is not the point, the end resalt is, double the production. You have too take into account the technologically back then VS todays. The Mint could have produce a lot more nickels but it had two designs to mint and not just one.

 

The mint makes coins only to order. If there isn't demand for more quarters or nickels they don't make them no matter how much capacity they have.

 

westward will survive

westward journey nickels will survive and continue to do well and even double or triple the price in the future. why? because unlike 1976 quarters. the mintage is too many for 1976 quarters. the quarter face value is five times higher than the nickel. the melting value is higher than face value for nickels. demand for nickels is very high. like me i need 50,000 pcs. and i am not going to sell them. present roll price for westward journey were very much lower than those of other years.

 

I'm not saying you're wrong since it's impossible to know what the future holds.

But you need to realize that since 1932 the mint has refused to make any short runs of coins. If demand is too low for a mint to make a significant number of coins then they simply don't make any and ship the needed coins in from another mint. They started this because they took umbrage at a coin dealers offer to buy the entire out put of the S mint in 1931 which were still in storage late in '32. Production of circulating coin since this time is determined by projected demand by all the banks as determined by the 12 FED districts. Normally there is no specific demand, ie- a bank can not order peace nickels only nickels. Usually these coins will be circulated and sometimes will be circulated and mixed with new nickels up to 3 years old. They might also get new bnickels up to three years old. Three years is the maximum lenght of time it takes coins to rotate in storage. Since 1972 circulating coinage has not been allowed to sit in storage and coins are removed on a First in, First out basis.

Since there are no short mint runs this means that there are usually ample coins for everyone who wants to set them aside to set aside as many as he wants. Up until 1964 huge numbers of new coins were set aside each year but this stopped cold when clads were introduced. No one wanted to set this junk aside and they even stopped saving nickels and cents in mass quantities.

Since 1933 this means that scarcity is based on the inverse of the number of people who save the coins. Low mintage often works against a coin because huge numbers will be set aside. Public interest works against it too because the public can set aside enormous numbers as they did with the bicentennial quarter. It's interesting to note that even though this coin is distressingly common in unc it is still scarce in high grade. To make it more interesting this coin was made in larger numbers in hgigh grade than most other quarters of that era. The simple fact is that people were soi busy stashing away quantities of these that everyone forgot to look and see if any were nice examples. Now days these can bring thousands of dollars in high grade because they were ignored and circulated.

It looks like a similar thing has occurred with the westward journey nickels. No one knows how many were saved but it appears it might be substantial numbers. Even if the numbers are substantial there will be a stronger demand for these than other nickels so they could increase in value.

 

ROFL ****

And they all say 'In God We Trust'

 

westward nickels

amen...............

 

2006 jefferson production

as of november,2006: source u.s. mint

2006 jefferson nickel
(D) 762,000,000
(P) 664,320,000
total 1,426,320,000

 

And I got one in my change last week. First one I've seen.

 

2006 nickels

i got only 39 circulated 2006 jefferson nickels after 9 month searched. it seems a lot of people hoarding it. of course i do not want to buy 2006 nickels from dealers. because it was a lot. but if i still can't find more. i might as well buy $100.00 of uncirculated 2006 nickels from dealers.

 

nope have none

 

Tracy,

Here in AZ there is a lot of 2006-d nickels I have maybe pulled six or seven rolls out of circulation just deepens where you are I guess.

 

westward nickels

merry christmas to all coin collectors. specially to you bruce1947, lover of nickels. thanks for writing me. keep collecting.

 

And Merry Christmas to you and yours my friend.

Bruce.