pre 1960 nickels

Discussion in 'What's it Worth' started by vision, Oct 13, 2008.

  1. vision

    vision Senior Member

    i know that nickels pre 1960 are worth something, but how much over face approximately? i bought boxes of nickels from the bank for roll-searching before, and found a good collection of pre 1960 nickels. i kept only the 1959 and prior nickels, as there were significant amounts of nickels dated 1960 found (there were as many 1960 nickels as all the 1959 and prior nickel finds combined).

    how much does 1959 nickels sell for on average per nickel? are all the 1960-dated nickels worth the same amount too? or less (but still over face), or just face? because i've heard people kept the 1960 dates as well. but i didn't as i thought they were not hard at all to find in rolls. but maybe i should have still held on to them. oh well.
     
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  3. Coinlover

    Coinlover The Coin Collector

    A lot of people keep the 1959 and older nickels. Some dealers will give you more than face value, but not very much.
     
  4. Harryj

    Harryj Supporter**

    A roll of nickels is only a $2 investment, so why not hang on them. You always can cash them in if the need arises.
     
  5. vision

    vision Senior Member

    just wondering, was there a significant mintage increase for 1960s and later for them to not be as desirable? were the mintage numbers for 1959 and prior significantly lower than 1960's and later? was there a change in metal composition for nickels prior to 1960? or is it more desired and hoarded just because they are older? if that is the case, then will people also start hoarding the 1960's decade of nickels ten years from now?
     
  6. Coinlover

    Coinlover The Coin Collector

    Most of the nickels before 1960 had a lower mintage than the modern nickels, but not enough to value them higher than the modern ones. There is no difference in composition except for the 1942 - 1945 war nickels which are silver and manganese. I know some people that collect nickels 50 years or older. They currently keep any nickels 1958 and older. Next year they will keep any nickel 1959 or older. I’m guessing any coin that is 50 years old or older is worth keeping.
     
  7. jetshack

    jetshack Roll Hunter Extrodinare

    Pre 60 nickels do carry a little bit of a premium... sort of...

    Denver was a prolific producer of nickels starting around 1954... SO pre 54 D Mints, and pre 60 P mints is probably a better way to break these down (as well as all S mints made in the 50's and earlier.)

    As to the value of said roles... That's going to depend on the buyer. I've seen mixed date roles of pre 60 Jeffersons sell on eBay for $8 shipped and $3 shipped. So I'd put the value somewhere between those two numbers.
     
  8. borgovan

    borgovan Supporter**

    early jeffs

    I have purchased many large lots of these in an attempt to assemble a roll set of Jeffersons.

    The best deal I ever got was paying $11.95 for six rolls ($12.00 face value) from a dealer. He just wanted to get rid of them.

    I have paid between 7-10 cents per coin for large mixed lots, and naturally more if I know the lot contains some keys or better semi-key dates (1938-D, 1938-S, 1939-D, 1939-S, 1950-D), or if there are uncirculated coins included.
     
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