Hey Y'all I was looking at 4-4-05 Coin World Mag and I'm seeing that two of the big sellers (Paul Sims for one) is selling the 2004-P Peace Nickels for $14.95 per roll!!!! I never thought I would see them at this price...now I don't think they are really worth this but what do y'all think. I have seen them on ebay for $15/per roll or as low as $2/per roll. What are they really worth as there are billions out there...many still in BU rolls I bet. Speedy
Speedy, This is typical supply and demand! I can assure you that dealer stock is very low and the only way to get collectors to bring them back into the market is to offer higher prices. You had best hold on to your hat as you have not seen anything yet. I don't care if billions have been made prices will gradually creep up on most of these nickels, especially the buffalo's, as collectors are hoarding by the roll! When you get final numbers, divide that number by 40 and that will tell you how many rolls were released but it will not tell you how many rolls were actually placed into circulation and busted open. So how many rolls are really left in unc. condition? When dealers and collectors want or need coins the only way to get them back into the market place is to offer up the old greenbacks. It is as simple as that! I do believe more of the buffalos are being put back by dealers than the first two nickels so it will be interesting seeing what prices actually do. In the world of collecting $16 would be a great sell price, if you wanted to sell, but the investor will probably ride this out for a while yet. Could get interesting! Just keep in mind every thing is a gamble and you must decide what your sale price will be and when that price develops you MUST sell. Waiting for just a few more bucks could be forever or even worse a disaster as many new items reach a peak and drop like a rock! Personally I think $20 a roll would be just about right!
Hey Terry-- Now I've known you since I joined my first forum and I respect your idea but I just can't agree with that...I guess I'll have to agree to disagree. The US Mint has minted billions of coins...even the Buff Nickels. I don't think there is any way they will ever be something. Now I sure wouldn't mind being told that someone would give me $14+ bucks for a roll of nickels I paid $2 for but that is just not going to happen in our life time. When you think of the billions of Peace Nickels and the few hundred thousand 1931-S Wheat Cents I think you will see what I mean... Now I'm not trying to pick on you--I like your ideas but I sure don't think it will ever happen. Speedy
Speedy, I guess I must say you are already wrong! Been on Ebay lately. Have you seen what the Buffalo nickels are bringing and what they have brought? How can you or anyone else alive in the world today say these coins will never be worth anything as they already are? Most of the nickels I have bought I have paid a premium for and would do it again tomorrow. Seems there are a whole bunch of people out there who don't have a clue how vast this country really is and they can't comprehend millions of collectors or individuals wanting these coins. They also can't comprehend what a 6 month issue of anything is compared to the reality of normal coin production. ANYTHING that is a one time deal has no where to go but up. I would suggest, if you can pick up all these nickels for a mere $2 per roll, that you buy all you can as one thing is for certain, you won't be out anything and your $2 will still be right with you. Sit on them for a while and then tell me who was right in a year or two. There are times you younger fellows MUST listen, even if you don't like it, as 20, 30 or 40 years of collecting will really teach you a few things that a couple of years won't! Put on your seat belt young man and hold on for the ride! And if you got a few more bucks, buy some buffalo proofs while you can still afford them!!!
i sorta disagree, there r about 750 thousand Americans, and to say that 1 in 700 collect? Sadly I dont think that this hobby is that big for even those odds
Terry-- One of these days one of us will be right...lets wait to see who that is. txwille I don't know if he is talking about them or not...I'm talking about BU rolls....but since you asked...I don't think the proofs will be worth any thing either....you know...the 1931-S wheat cent is "rarer" in the lower grades and not in the higher grades....this might be how the new nickels will be. Spider I think there are more people than that in the US...you might be thinking about your state. The ANA has said that there are MILLIONs of collectors and I think they should know. Speedy
Spider you need to shut the computer off and get out side a little! I have been suppling buffalo nickels to folks WHO ARE NOT coin collectors. That is the point I am trying to make. These people will buy rolls and hold them till the day they die as they KNOW they (1) won't be able to get any more, (2) they assume they will become valuable some day and (3) not being coin collectors they more than likely will forget they even own them as they are completely out of touch with coin collecting. Thousands and thousands of folks are putting these coins away that will never read a word on a coin forum and they don't care. They have that "I gotta have some of those" attitude and are buying in great numbers and by the roll. Fellas this is not your normal coin release in a series that will last 50, 60 or 100 years---It is a one time deal and a 6 month release. You can't compare these issues to any normal circulating coin in the history of the U.S. as it hasn't been done before. The statehood quarters, has been a huge success and millions of people are putting them away and most of them ARE NOT collectors, at least not in the full time hobby sense, just folks who decided they had to have them for the kids and grandkids!
Well Speedy, I hate to bust your bubble, but if you will take the time to OPEN YOUR EYES, the buffalo nickel is ALREADY worth something at least to the thousands and thousands of folks paying premiums for them. Have you got any idea how many U.S. citizens have yet to see one? What will happen when they do finally see one? These coins are so far and few in many highly populated areas, not just the rural areas, they are going to be a very strong performer for years to come. Just out of curiousity Speedy, if the Mint announced they would be selling some 2001 Buffalo Silver Dollars they recently discovered in a vault for issue price would you buy one? Two? Ten or more? You know how long it took to sell 500,000 buffalo dollars in 2001 at $33 and $35 each? Do you know where that ranks in Mint sales history?
Terry I'm talking about long term value to the coins...it doesn't shock me to see how people that know nothing about coins are paying this price for the Buffs...if they would learn about them I think they would see if in another way. No I would not buy any of the 2001 Buff comm...comm are not my pick out of coins and only a few out of many I even buy. Again...lets wait and see down the road where this comes out. Speedy
My local dealer is asking $14 a roll for Peace P nickels, $4 a roll for Peace D, $4 a roll for P and D Keel boat, and $4 a roll D bisons. I think there is a lot of hype surrounding these new versions. As time goes on, cooler heads will prevail and the price will stabilize somewhere.
Heck, the two roll 2004 Peace Medal set from the Mint is selling for at least $80. I have 4 sets of those, luckily.
Speedy you are saying that my 30 years of experience is worth nothing? Like it or not young man someday you will have tons of other obigations and your money will mean much much more. All coin collectors dream of their collection gaining value and seek out those coins that have or will accummulate that value over time. You can't tell me you aren't already aware of that as you have mentioned the 31S Lincoln and its value. Your young and let me tell you "If I only knew back then what I know now my collecting habits would have been far different through the years. Listen to some of the old timers here, and on other forums, as there is nothing wrong with collecting with a little investment potential as well as filling all those sets we all dream about. Every extra dime you can make will help you finance those biggies some day! There are people here who will give you nothing but solid advice with years and years of experience. Don't shrug it off with the arrogance of a teenager who is still wet behind the ears! Be a wise old bird and listen to what is being said and use the free gift wisely. Now for those darned ole 2001 Buffalo dollars you WOULDN'T buy well my wife and I purchased almost 80 of them in the first 9 days they sold. Now why would we do that? Well we still have 8 in the house and you don't even want to know what we made on the other 70 which we put back into more desirable coins and also paid a few bills. Give yourself some time and you will understand. I just bought the Marshall Commemoratives which I absolutely DID NOT want and do not desire the coin at all but I know how to play the game and try to play it well to benefit myself, my family and the future of my little guy still at home! There is far more going on in this hobby/industry than you realize.
Terry--wait a sec....I never did say that your experience is worth nothing...I just said I didn't agree. I under stand how that you like the 2001 Buff Comm...I just wouldn't buy them because I don't see them as a good deal... Nobody is the same---you collect the way you want and I'll collect the way I want...its the same way with ideas... Speedy
I am just glad to have a PCGS PR69DCAM Buffalo dollar and a MS69 PCGS Buffalo 2001 dollar. I remember how fast they sold out when they were introduced. I didn't buy right away, but these coins cost me over $100 each two years back! Remember when the mint toyed with the idea to make more 2001 Buffalo's!?! Collectors would have had a cow (or a bison)!! Fortunately wiser heads prevailed and they kept to their initial mintage numbers. As for today's bison nickels. I think it is great! I think it is also great (to a degree) that it is very hard to find MS65 or better grades. With those clear fields and all, ticks and marks will easily find their way on to the coin's surface. It should be interesting to see how the mint sets fair...how will Bison nickels grade out. You would think at least a MS66 with today't minting technology, but we shall see!
Speedy the 2001 Buffalo Dollar sold for $33 in unc. and $35 in proof and now retail for around the $120 to $130 mark after reaching a peak of $200 or more. What part of not seeing a good deal can't you see? These coins went to $70 or better within 3 to 4 weeks of issue! Did any of the Lincoln cents you are talking about do that? Now don't get me wrong as I collect just about everything a coin collector can collect but realize I must buy some things I don't like or even collect in an effort to keep turning some of my money over (hopefully for a profit now and then) to put back into other more desirable coins down the road. I went for years and years without buying any gold and now wish I had put more effort into that as soon as it really became legal to do so. Some day you will look back and wish you had done things differently just as I, and everyone else who has collected for years, are currently doing! Things that mean nothing much when you are young will really stun you years later after you have long since pitched them out.
I don't see a thing wrong with the coins, but you see...I'm not looking for coins that will give me $$$...I look for coins I like---I just don't like them. Speedy
The point I am trying to make, at your young age, is to buy items you would part with as they really don't fit into your particular collecting interests but these items, which are cheap at issue date, may be the ones to bring the real big bucks 10, 20 or 30 years from now. Basically I have my collection which I will not sell and I have a collection of odds and ends that were purchased for trading or selling down the road. Many of those "extra's" as I call them have really been very very kind to me down the road! As you grow older (and you will) you will discover areas of collecting that really didn't matter to you a few years ago. I am just trying to open up your eyes to future possibilities that you don't see at this time, or for that matter, don't care to see. I haven't forgotton those great teen years and didn't see the mistakes until years later! We all go through this and if I/we here on this forum can poke and prod some of you youngsters you might just find, one of these days, a great big thank you might be in order! Enjoy your collecting but always try to keep an open mind as you never know when something stupid like a spoon will come back to kick you in the hind end!
