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How many unc westward journey nickels do you have?.
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<p>[QUOTE="JBK, post: 134328, member: 1101"]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? </p><p><br /></p><p>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. </p><p><br /></p><p>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. </p><p><br /></p><p>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.</p><p><br /></p><p>Do what makes you happy, but stop trying to convince the rest of us that you are financial wizards.[/QUOTE]</p><p><br /></p>
[QUOTE="JBK, post: 134328, member: 1101"]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.[/QUOTE]
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How many unc westward journey nickels do you have?.
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