Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
2005 Buffalo Nickel Potential?
>
Reply to Thread
Message:
<p>[QUOTE="cdcda, post: 52683, member: 941"]In 1976 the United States minted over 800 million bicentennial quarters in Philadelphia and more than 800 million more in Denver. Collectors and non-collectors aliked hoarded the coins. People put away rolls of uncirculated examples, and many more saved roll upon roll of coins pulled from circulation.</p><p><br /></p><p>Thanks to the high mintage numbers, it is unlikely the circulated examples will be worth more than a quarter anytime soon. As for the uncirculated examples, they can be easily found for around .50 - 1.00 per coin.</p><p><br /></p><p>From an investment perspective, anyone who put away circulated quarters thinking they would reap the rewards later has not only failed to make a profit, they have lost out due to inflation. Given that dealers pay very little over face value for BU bicentennial quarters, the same hold true for anyone who saved them as well.</p><p><br /></p><p>Of course, those individuals who grabbed bicentennial quarters for part of their Washington Quarter set have not lost out at all. Instead, they have enjoyed the coin as part of a complete set. Those that saved them and have given that out to their kids or grandchildren have shared a bit of history with another generation, and possibly sparked an interest in coin collecting.</p><p><br /></p><p>I for one suspect that 2005 nickels will never make anyone rich as an investment. Will they rise in value, sure. But much like the bicentennial quarters, the number hoarded will work against this. Luckily, the mintage is actually low in comparison and as others have pointed out - price is an issue of supply and demand. With a lot of the coins off the market, if demand stays high the price will go up as well.[/QUOTE]</p><p><br /></p>
[QUOTE="cdcda, post: 52683, member: 941"]In 1976 the United States minted over 800 million bicentennial quarters in Philadelphia and more than 800 million more in Denver. Collectors and non-collectors aliked hoarded the coins. People put away rolls of uncirculated examples, and many more saved roll upon roll of coins pulled from circulation. Thanks to the high mintage numbers, it is unlikely the circulated examples will be worth more than a quarter anytime soon. As for the uncirculated examples, they can be easily found for around .50 - 1.00 per coin. From an investment perspective, anyone who put away circulated quarters thinking they would reap the rewards later has not only failed to make a profit, they have lost out due to inflation. Given that dealers pay very little over face value for BU bicentennial quarters, the same hold true for anyone who saved them as well. Of course, those individuals who grabbed bicentennial quarters for part of their Washington Quarter set have not lost out at all. Instead, they have enjoyed the coin as part of a complete set. Those that saved them and have given that out to their kids or grandchildren have shared a bit of history with another generation, and possibly sparked an interest in coin collecting. I for one suspect that 2005 nickels will never make anyone rich as an investment. Will they rise in value, sure. But much like the bicentennial quarters, the number hoarded will work against this. Luckily, the mintage is actually low in comparison and as others have pointed out - price is an issue of supply and demand. With a lot of the coins off the market, if demand stays high the price will go up as well.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
2005 Buffalo Nickel Potential?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...