I bought a brick of BU 2005 buffs D from the bank for investment purposes. I see, on eBay that they are going for around 150-180 and wondered if you guys feel this trend is going to continue or if you feel saturation (due to the #'s minted) will take effect on demand for these nickels. I also have a brick of the 2004 Keelboat D BU's. Same question. Just wondering what you guys think. thanks and peace, jay
Depends how long you plan to hold on to them, and even with that, if you throw in inflation plus what it cost you to acquire these nickels, they are pretty much are only worth a nickel unless you find some "speared" bison varieties or the highest of all grades. The mint produced a HUGE number of these coins. Just on the first day of the 2005 release alone, collectors bought and hoarded millions of these coins. So...I can't really say if these coins will go up dramatically in your lifetime. Let me give you an example. In 1955, it was announced that San Francisco was going to cease operations due to budget reductions. The mint director at the time pointed out that the western states could be served more economically by the Denver mint. Consequently, collectors scooped up rolls of these last minted coins like the 1955-S Lincoln. Now, "only" 44,610,000 1955-S Lincolns were minted during this last run and today, it is very easy to find these cents in a nice MS RED condition at very reasonable prices. Rolls are not difficult to come by as well. So after 50 years, was it worth it? The mint has produced over a BILLION of these 2005 nickels and coin values all come back to grade, surviability, numbers produced, and demand. In 50 years, who knows? IMO
I think I've told this story a hundred times but to repeat: Way back in the mid 70's the Mint came out with a thing called the Bicentennial coins. Myself and millions of other ran out to hoard them by the millions. One friend of mine used to brag he had thousands of dollars worth of the dumb things and all in Uncirc condition. He went to a few coin shows to sell some and only encountered smiles and laughs. He and myself ended up taking them to a bank for face value. The interest in a bank would have been smarter and in a money market account even better. Actually the same amount of money invested in Beanie Babies of Hot Wheel Cars would have been just as rewarding only the banks wouldn't take them. Keep those nickels for a few hundred years and they should be worth more than a nickel.
