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Pre 1960 nickels worth holding on to?
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<p>[QUOTE="cladking, post: 643901, member: 68"]A lot of it is probably just perception. People think that old coins are desirable and rare so when they see a 1941 nickel they tend to save it despite a mintage in the hundreds of millions. They're often told at the coin shops tht their coins are too new and they should just be spent. Even collectors just stopped collecting nickels when the clads came out. You can find ten sets pre-1964 for everyone you find that includes the later dates. </p><p><br /></p><p>It's this constantly pulling them from circulation that causes them to be high grade. It's not at all unusual for a 1941 nickel to spend decades out of circulation because it's in a hoard or a collection but it's very unusual for a much scarcer 1968-D to spend even a few months out of circulation. </p><p><br /></p><p>There is a perception that the later coins are more common but this simply isn't true unless you count the millions beat up in circulation or lost in land fills. Not only are the later dates generally less common in unc but they are far less common in AU, XF, and VF. </p><p><br /></p><p>Velocity has slowed a lot on nickels in the last few years but there just aren't very many coins like a nice XF '68-D nickel and there weren't ten years ago. Some of these post-64 dates were so poorly made that there weren't many nice XF's even a few years after they were made. They basically went from Unc to PU to beat up with no stops in between.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 643901, member: 68"]A lot of it is probably just perception. People think that old coins are desirable and rare so when they see a 1941 nickel they tend to save it despite a mintage in the hundreds of millions. They're often told at the coin shops tht their coins are too new and they should just be spent. Even collectors just stopped collecting nickels when the clads came out. You can find ten sets pre-1964 for everyone you find that includes the later dates. It's this constantly pulling them from circulation that causes them to be high grade. It's not at all unusual for a 1941 nickel to spend decades out of circulation because it's in a hoard or a collection but it's very unusual for a much scarcer 1968-D to spend even a few months out of circulation. There is a perception that the later coins are more common but this simply isn't true unless you count the millions beat up in circulation or lost in land fills. Not only are the later dates generally less common in unc but they are far less common in AU, XF, and VF. Velocity has slowed a lot on nickels in the last few years but there just aren't very many coins like a nice XF '68-D nickel and there weren't ten years ago. Some of these post-64 dates were so poorly made that there weren't many nice XF's even a few years after they were made. They basically went from Unc to PU to beat up with no stops in between.[/QUOTE]
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Pre 1960 nickels worth holding on to?
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