What are you crazy or something...not unless you are trying to corner the market on westward journey nickels. The question I have to ask is why would you get so many? Face Value alone is $662. Are you trying to reach a certain amount of them. Oh yeh...I've got no more than 10. Want any...only $1 a piece (only kidding).
I've got one of each in my BU/Proof Jefferson set & a couple freebies I got in the mail from Littleton, that's it.
I am fairly new to this forum but I for one take offence in your reference "modern crap". I guess if you had lived in 1906 you would have thought of the coins at that time as "modern crap" and surely would not have saved any of the 1909 SVDB cents. As for myself I have 4 $25.00 unopened bags of each type and mint of the westward journey nickels. I may never see a great value but my grandsons surely could. Madspec
Modern crap, LOL! The Peace Medal nickel sets from the Mint are STIll sky high. If any lucky people loaded up on these, good work! Modern coins are awesome!
IMHO the new nickels are hyped up junk....maybe years down the road they will be really worth more than a nickel but right now the only value is $0.05---yes I know they are selling for more....heck I got 20 rolls of peace nickels (p's) when they came out and sold almost every one for more than face...... When people see that all the price for these things are hyped they will quit buying such coins at such silly prices. Speedy
They will always be too common. Even putting away rolls of 1923 Peace dollars in 1923 would have been a bad investment. Unopened bags of them were melted in 1980, and it's still common. There will tens of millions of these around in a 100 years, just no potential. Some things aren't worth saving like rolls of 1964 halves in 1964, 1976 $2 bills in 1976. Remember 1973-s silver proof Ikes were a $100 + item in the 70's... not now 50-d nickels were hyped up, 55-s cents and dimes, the list goes on... All those state quarter rolls will never be anything, too common How would you like to be sitting on bags of 1964 nickels since 1964 ? Save something that's rare for example any half cent is rarer than an 09-s VDB. Look in any coin paper, every dealer ( almost) has one or more. In 100 years those modern coins probably wont cost more than 5X face value, unless it's for the copper in them.
westward nickels there were over 500,000,000 pcs sold at a very high premium as of today. you called that cracy?. so there were too many americans are crazy. no wonder your antique collections will priced at a premium.
Yes I call that crazy---when the market is hyped up people are buying coins at high prices...and dealers have to buy them because they need them for people that want them....BUT that doesn't mean that the people that are wanting them are COLLECTORS....most of the time when a new issue comes out you will see more non-collectors wanting them....just because they have heard of this RARE coin that is only going to be issued for 6-months or less.... I would LOVE to hear of a ONE time issued coin (meaning that it was only minted for one year or less) that is worth much today.... 1776-1976 Quarter....NOPE State Quarters....NOPE About the ONLY coins that are minted for one year and that have gone up are Comm's..... Now I'm not saying that this couldn't change....but History tends to repeat itself...... Speedy
It'd be at least 50 years or more before any of these will ever be worth more than face value under normal circumstances. If people keep saving them in bags and rolls, it won't happen anytime in the lifetime of anyone here. I have one of each for my Jefferson nickel series set, and one of each for my type set. I do have a roll of 2005-D bison nickels, not because I ever expect to be worth much in my lifetime, but just because I think it's a neat looking coin. I'm just barely old enough to remember when people would save up the bicentennials expecting them to go up in value some day. They still haven't... even mint state ones are not worth mroe than maybe twice face value, if even that. I'm sure some day when there are few few examples left in uncirculated condition they may be worth something, but I don't expect to live long enough to see that day, same with the Westward Journey nickels and statehood quarters. It's the same reason National Geographic magazines as far back as the 40's still aren't worth much... too many made, too many people saving them.
I have 3 sets of the blue mint box and like 3 sets each of the mint rolls and like 20.00 face of the bison all denver mint, and I put away every new nickle I find. Trying to fill three coors light mini kegs full of the different westward journey nicks Thats just me
With all due respect to the obviously young/new collectors here who are hoarding common coins and are criticizing experienced (older) collectors who know better, how about listening and learning? If you want to save 1,000,000 nickels - go ahead, have fun. But, these hoarders are obviously expecting to make big money. If you can sell your newly minted nickels at a premium, take the money and run. There has been a bubble that will burst. It is speculators feeding on each other. As has been said already, most new issues, hyped issues, etc. never see significant appreciation. The recent examples are Bicentennial coins, 1964 Jeffersons, etc. but it also goes back a hundred years. 1883 Liberty nickels are not worth what you would expect in high grade because so many were saved, and Columbian Expo halves are still not very expensive. EVERYONE is saving the new nickels and quarters. There are far too many around for them to ever be worth anything long term. Sure, if you wait 50 years maybe you can triple your money, but if you invested in almost anything else you would do a lot better. All those people who hoarded silver certs or $2 bills back in the 1960s could have been millionaires if they had just put their cash in the stock market, for example. Do what makes you happy, but stop trying to convince the rest of us that you are financial wizards.
Thanks for taking this Young or new collector to School! But with due respect would some one who hoards rolls of Denver mint Bison rolls stand a chance at picking out a few error coins like the spear or detached Leg? If all we stand to loose is handing the worthless coins out as trick or treat goodies when we are in our 60's have we really lost much? I bought hundreds of buffalo nicks in AG shape that I hand out as little gifts to kids in the neighborhood from time to time and besides them staying off my lawn I have managed to get a couple into collecting... So Mr. "Old School" If I hoard a thousand nicks and get lucky and find 1 error coin or none at all? what do I really stand to lose? I wish people hoarded more back in the 20's and thirty's I'd love to have some uncirculated standing libs! I think its a beautiful coin!
If people were SEARCHING 1000 rolls of nickels for rarities that would be one thing, but hoarding them because they will be valuable some day is quite another. You even mention that you want to hand them out when you are in your 60s - that is another proposition all together - not profit motivated, but for a laugh or to generate some interest in a kid. I also wish more people had hoarded Standing Libs so I could buy them for $10 in MS65. But that did not happen. However, that does not mean today's state quarters or nickels will ever be in the same boat as that fantasy. The "real" money in modern coins sems to be rolls (and Unc. singles) of mid-80s clad coins. No one saved them. THAT should be the lesson for collectors of today. I bet there is more upside potential to a roll of Unc 2004 dimes than a roll of 2004 nickels. I coul dget all the nickels I wanted at the bank, but no unc. dimes. That is a hint to me that I should make an extra effort to track some down. They are being dumped into circulation and none saved. This is especially significant since the Mint sets now have the satin finish. A true business strike has to come from Unc. rolls from the bank, which few people are saving.