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<p>[QUOTE="cvicisso, post: 1108643, member: 29382"]Wow, wasn't expecting the hostility. Ok, let me answer your questions...</p><p><br /></p><p>I do 'hoard' the nickels I get in pocket change, and I have purchased a few rolls from the bank. I wish my parents would have done this in 1964 with dimes, quarters, halves... before they changed the composition of those (from 90% silver to essentially junk). The thing about buying nickels from the bank is that YOU DON'T KNOW WHAT DATE YOU ARE GOING TO GET - which, was actually the point of my original question. </p><p><br /></p><p>2009 Jefferson nickels have a total mintage of 86,640,000. That's the lowest since 1959, and makes it a prime contender for a 'key date.' Since I can't purchase a box of BU 1959 nickels anywhere (or afford it if I could), I'm betting on the 2009 instead. Don't you wish you had 8,000 1959-D nickels in BU condition? Heck - even in the 1960's, they would have been worth more than 2.5X face value don't you think?</p><p><br /></p><p>The composition of the nickel has been the same since 1866 (except for the 1942-45 'war nickels' that contained silver instead of nickel because of the wartime demand for nickel). When the metal value of coins becomes greater than the face value, the government (wisely) changes the composition to something cheaper. The government is currently writing us (taxpayers) a check every time they make a nickel (because of the cost of materials, transportation, fabrication, etc). This cannot continue (nor should it). When it changes, the demand for the 'old' nickels will naturally increase. HOARD NOW OR SORT LATER.</p><p><br /></p><p>I do not plan to melt anything down - it is illegal to melt copper pennies (those minted before 1983) or nickels. However, I feel that the law of supply/demand will not prevent others from doing so - and I'll be more than happy to sell to them (as long as they don't tell me their plans of course).</p><p><br /></p><p>But seriously, the key date issue alone is the real reason I bought the nickels. I'm actually shocked that folks on this forum don't 'get' that. Jeesh. What gives?[/QUOTE]</p><p><br /></p>
[QUOTE="cvicisso, post: 1108643, member: 29382"]Wow, wasn't expecting the hostility. Ok, let me answer your questions... I do 'hoard' the nickels I get in pocket change, and I have purchased a few rolls from the bank. I wish my parents would have done this in 1964 with dimes, quarters, halves... before they changed the composition of those (from 90% silver to essentially junk). The thing about buying nickels from the bank is that YOU DON'T KNOW WHAT DATE YOU ARE GOING TO GET - which, was actually the point of my original question. 2009 Jefferson nickels have a total mintage of 86,640,000. That's the lowest since 1959, and makes it a prime contender for a 'key date.' Since I can't purchase a box of BU 1959 nickels anywhere (or afford it if I could), I'm betting on the 2009 instead. Don't you wish you had 8,000 1959-D nickels in BU condition? Heck - even in the 1960's, they would have been worth more than 2.5X face value don't you think? The composition of the nickel has been the same since 1866 (except for the 1942-45 'war nickels' that contained silver instead of nickel because of the wartime demand for nickel). When the metal value of coins becomes greater than the face value, the government (wisely) changes the composition to something cheaper. The government is currently writing us (taxpayers) a check every time they make a nickel (because of the cost of materials, transportation, fabrication, etc). This cannot continue (nor should it). When it changes, the demand for the 'old' nickels will naturally increase. HOARD NOW OR SORT LATER. I do not plan to melt anything down - it is illegal to melt copper pennies (those minted before 1983) or nickels. However, I feel that the law of supply/demand will not prevent others from doing so - and I'll be more than happy to sell to them (as long as they don't tell me their plans of course). But seriously, the key date issue alone is the real reason I bought the nickels. I'm actually shocked that folks on this forum don't 'get' that. Jeesh. What gives?[/QUOTE]
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