Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Pre 1960 nickels worth holding on to?
>
Reply to Thread
Message:
<p>[QUOTE="cladking, post: 643987, member: 68"]It is a nice '41.</p><p><br /></p><p>Actually I believe that many of the modern nickels really are scarcer than the older nickels. Roll saving of nickels since 1964 is very sporatic. Some dates were saved in very large quantities and some in very small quantities. Bid price can give an excellent perspective on which ones have a very low savings rate. Anything over $4 probably means fewer than half a million. </p><p><br /></p><p>To put this in perspective we know that more than two million 1950-D nickels were set aside in unc. It was most of the mintage and some 1 1/2 million survive and sell for around $20 each for decent specimens. But compare this to other nickels of the era; this is far higher. It stands to reason that there are far more. There are not only the millions of each date set aside but there are so many millions in high grade that they show up with some frequency in circulation. How many millions of something like a '52-D exist in rolls, bags, circulation, and many millions of collections? I would think that about 60% of the mintage has been utterly destroyed but those surviving are often in F or better condition and more than three million survive in unc. There are lots of collections with XF's and AU's and more than a few Unc collections. </p><p><br /></p><p>Now look at one of the more common moderns but that wasn't heavily saved in rolls; the '71-D. 2.2 million went into mint sets but 70% of these are gone and the majority of these coins went into circulation. A significant number were saved but there hasn't been a booming market for '71-D nickels. Rolls are barely worth the postage to ship so it's easier for the wholesalers to just return these to the banks. Until recently even the gems attracted little interest. It still isn't too unusual to see a dealer cutting up mint sets and putting the coins in the till. It's cheaper than shipping. So perhaps 1/4 million survive in rolls and a million as mint set singles or still in the set. That's scarcer than the '50-D!!! And this is one of the common moderns not one of the better dates. </p><p><br /></p><p>When you toss in the fact that the older coins are widely available in high grade in circulation (except the '50-D), the later date coins look much more attractive. Also add in the fact that some of these mint set coins typically look pretty bad. Most '50-D's are fairly decent examples that most collectors are willing to include in their collections but some of the mint set coins are awful. 35% of '75 mint set Philly nickels are full of scratches and some of the '68's are tarnishing. Even the later date mint sets with low mintages can have very unattractive nickels. The '87 nickels aren't really unsightly to me but many collectors will be turned off by large number and prominence of the scratches. </p><p><br /></p><p>The simple fact is that the later dates are cheap because of a lack of demand, not an ample supply. </p><p><br /></p><p>Yes, the demand for the older coins is far higher and there's no certainty that the demand for the later dates will ever rival it but the price structure will be much different if it ever does. There would be at least ten or fifteen later dates that would sell for as much as the '50-D and a few would be much higher.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 643987, member: 68"]It is a nice '41. Actually I believe that many of the modern nickels really are scarcer than the older nickels. Roll saving of nickels since 1964 is very sporatic. Some dates were saved in very large quantities and some in very small quantities. Bid price can give an excellent perspective on which ones have a very low savings rate. Anything over $4 probably means fewer than half a million. To put this in perspective we know that more than two million 1950-D nickels were set aside in unc. It was most of the mintage and some 1 1/2 million survive and sell for around $20 each for decent specimens. But compare this to other nickels of the era; this is far higher. It stands to reason that there are far more. There are not only the millions of each date set aside but there are so many millions in high grade that they show up with some frequency in circulation. How many millions of something like a '52-D exist in rolls, bags, circulation, and many millions of collections? I would think that about 60% of the mintage has been utterly destroyed but those surviving are often in F or better condition and more than three million survive in unc. There are lots of collections with XF's and AU's and more than a few Unc collections. Now look at one of the more common moderns but that wasn't heavily saved in rolls; the '71-D. 2.2 million went into mint sets but 70% of these are gone and the majority of these coins went into circulation. A significant number were saved but there hasn't been a booming market for '71-D nickels. Rolls are barely worth the postage to ship so it's easier for the wholesalers to just return these to the banks. Until recently even the gems attracted little interest. It still isn't too unusual to see a dealer cutting up mint sets and putting the coins in the till. It's cheaper than shipping. So perhaps 1/4 million survive in rolls and a million as mint set singles or still in the set. That's scarcer than the '50-D!!! And this is one of the common moderns not one of the better dates. When you toss in the fact that the older coins are widely available in high grade in circulation (except the '50-D), the later date coins look much more attractive. Also add in the fact that some of these mint set coins typically look pretty bad. Most '50-D's are fairly decent examples that most collectors are willing to include in their collections but some of the mint set coins are awful. 35% of '75 mint set Philly nickels are full of scratches and some of the '68's are tarnishing. Even the later date mint sets with low mintages can have very unattractive nickels. The '87 nickels aren't really unsightly to me but many collectors will be turned off by large number and prominence of the scratches. The simple fact is that the later dates are cheap because of a lack of demand, not an ample supply. Yes, the demand for the older coins is far higher and there's no certainty that the demand for the later dates will ever rival it but the price structure will be much different if it ever does. There would be at least ten or fifteen later dates that would sell for as much as the '50-D and a few would be much higher.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Pre 1960 nickels worth holding on to?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...