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<p>[QUOTE="Conder101, post: 1109752, member: 66"]Yes they are a "key" date and the "rarest" in fifty years. I'm surprised though that you discovered the 1959 nickel and that didn't show you the fault in your logic.</p><p><br /></p><p>Yes in the 1960's they might have been more than 2.5X face, but they haven't really moved in the intervening fifty years. If you paid that premium for them back then you have made zero money, and in effect, due to time value of money, you have LOST a bundle. And that is for a coin that is RARER than the 2009's and which was hoarded to a MUCH less extent. In 1959 and the early 60's the 1959 coins were not really considered to be something "special" and the hoarding of rolls and bags of them was modest. But the 2009's were jumped on with dozens if not hundreds of people putting away multiple bags of the coins. You may have "8000 of the rarest nickels made in the last fifty years" but there are many individual hoarders out there that have 40 to 80 thousand of them. And that doesn't include the hundreds, possibly thousands, that have hoards of the size of yours or smaller. They made 30 million 1959 nickels and probably between 300 and 500 thousand of them are still around in BU. After fifty years they are around 3 - 4X face. They made 39 million 2009-P nickels and probably between 3 and 10 million of them are sitting around in BU hoards today. Frankly I don't see much potential for growth over the long term as a date. Event though it is a "key" there are a lot more modern dates, with much higher mintages, that are much tougher to find in BU today than the 2009-P. And those coins will only get tougher while the hoards of 2009-P's will make them relatively commoner and commoner. Over the past two years the X face premium for these coins has been going down, down, down.</p><p><br /></p><p>I think you have a much better prospect for profit potential from the metal value of nickels, and right now you don't have to pay a premium to get them, and it doesn't matter if they are BU or not.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 1109752, member: 66"]Yes they are a "key" date and the "rarest" in fifty years. I'm surprised though that you discovered the 1959 nickel and that didn't show you the fault in your logic. Yes in the 1960's they might have been more than 2.5X face, but they haven't really moved in the intervening fifty years. If you paid that premium for them back then you have made zero money, and in effect, due to time value of money, you have LOST a bundle. And that is for a coin that is RARER than the 2009's and which was hoarded to a MUCH less extent. In 1959 and the early 60's the 1959 coins were not really considered to be something "special" and the hoarding of rolls and bags of them was modest. But the 2009's were jumped on with dozens if not hundreds of people putting away multiple bags of the coins. You may have "8000 of the rarest nickels made in the last fifty years" but there are many individual hoarders out there that have 40 to 80 thousand of them. And that doesn't include the hundreds, possibly thousands, that have hoards of the size of yours or smaller. They made 30 million 1959 nickels and probably between 300 and 500 thousand of them are still around in BU. After fifty years they are around 3 - 4X face. They made 39 million 2009-P nickels and probably between 3 and 10 million of them are sitting around in BU hoards today. Frankly I don't see much potential for growth over the long term as a date. Event though it is a "key" there are a lot more modern dates, with much higher mintages, that are much tougher to find in BU today than the 2009-P. And those coins will only get tougher while the hoards of 2009-P's will make them relatively commoner and commoner. Over the past two years the X face premium for these coins has been going down, down, down. I think you have a much better prospect for profit potential from the metal value of nickels, and right now you don't have to pay a premium to get them, and it doesn't matter if they are BU or not.[/QUOTE]
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