Pre-63 nickels

[marine70]

I was just wondering if there will be a market for pre-63 nickels?. The reason I ask is that I have been saving them at face value. However while visiting my local coin dealer he asked if I was interested in said coins. He stated that he sales them to another buyer for six cents a piece. However the gentleman had not been in for sometime. I bought them
and most were pre-60. Any thoughts?

[Corsair]

From what I've seen on eBay, the buying price has steadily risen for older nickels. Personally, I only save 1958 and before nickels. That way, it coincides with Wheat pennies and is easy to explain to others. I think if you can eliminate the possibility of getting a ton of 1963s or 1962s in the nickels you're selling, the price will be higher.

[marine70]

Thanks for the information, happy sorting.

[Shattered]

I wouldn't pay anything over face for them at this time.

[Mooski]

I save the pre 60's nickels I run across. I could save the 60-63's, but it's a lot easier to 'explain' like Corsair said.

Dunno WHY I do, because I'm with Shattered - I wouldn't pay anything over face for them either.

But you never know what people want... And it really doesn't cost me anything to do so.

[drofdrugs]

I even save nice 70's nickels when i see them. Storage is pretty simple and they are good to have if you start o coin folder. I mean they are already 30 to 40 years old and to find an AU or close to an AU makes me happy. However I am only in my early 30s so hopefully have plenty of time to hold them before ever selling.

[.02FYI]

I like setting side the older ones but havn't settled on a date. If you save the 70 and before you could use the logic of the 40 percent silver in the 69 and before or 70 if including mint set I believe.
so I imagine different tastes are what rule for each member here. The nickel search for war has only prompted me to buy several rolls. I will probably start buying the .50 boxes again. Penny searching for now.

Using the latest metal prices and the specifications above, these are the numbers required to calculate melt value:

$4.3234 = copper price / pound on Jan 21, 2011. .75 = copper %
$11.9293 = nickel price / pound on Jan 21, 2011. .25 = nickel % 5.00 = total weight in grams
.00220462262 = pound/gram conversion factor (see note directly below)


The NYMEX uses pounds to price these metals, that means we need to multiply the metal price by .00220462262 to make the conversion to grams. 1. Calculate 75% copper value : (4.3234 × .00220462262 × 5.00 × .75) = $0.0357425
2. Calculate 25% nickel value : (11.9293 × .00220462262 × 5.00 × .25) = $0.0328741
3. Add the two together : $0.0357425 + $0.0328741 = $0.0686166
$0.0686166 is the melt value for the 1946-2011 nickel on January 21, 2011.

BTW I found a complete set of war nickels at flea market for under spot.

[TXBullion]

I like setting side the older ones but havn't settled on a date. If you save the 70 and before you could use the logic of the 40 percent silver in the 69 and before or 70 if including mint set I believe.
so I imagine different tastes are what rule for each member here. The nickel search for war has only prompted me to buy several rolls. I will probably start buying the .50 boxes again. Penny searching for now.

Using the latest metal prices and the specifications above, these are the numbers required to calculate melt value:

$4.3234 = copper price / pound on Jan 21, 2011. .75 = copper %
$11.9293 = nickel price / pound on Jan 21, 2011. .25 = nickel % 5.00 = total weight in grams
.00220462262 = pound/gram conversion factor (see note directly below)


The NYMEX uses pounds to price these metals, that means we need to multiply the metal price by .00220462262 to make the conversion to grams. 1. Calculate 75% copper value : (4.3234 × .00220462262 × 5.00 × .75) = $0.0357425
2. Calculate 25% nickel value : (11.9293 × .00220462262 × 5.00 × .25) = $0.0328741
3. Add the two together : $0.0357425 + $0.0328741 = $0.0686166
$0.0686166 is the melt value for the 1946-2011 nickel on January 21, 2011.

BTW I found a complete set of war nickels at flea market for under spot.

War Nickels typically sell for under spot. Please be sure to buy at a decent discount in order to make it a good deal

[.02FYI]

yeah I saw some go on here for about dollar . So I over paid but they were complete set and under spot. Also I traded silver to get them. So just reallocating better silver to less liquid. But it also got me in the flea market , found some other deals and talk to other. Basicall I sold a one oz round and used difference to get the nickels, on .40 1/2 , money clip and then found some few other rounds, and silver dollars near spot . So basically I feel ok .

[CU Baker]

You guys all start keeping the 64's that way I wont have to go through so many.

[Know Common Cents]

I've gotten pretty selective on the ones I save. Most of the 1940 P and 1941P issues I encounter aren't saved as collectibles since they're worn to a blur on the reverse and ol' Tom Jeff is pretty well scratched. I'll save the later 1940s dates (P mint) only if they're at least in VF condition. I still sock away anything with a mintmark from any date in the 40s. The 50s are usually in better shape, but those that are dark, bent, gouged, just get tossed into the bucket.

[tn-dave]

I've decided that I would just go ahead and put aside any nickels that are older than myself (pre 68). I did get some nice Nickel Folders for Christmas so I'm filling up those holes first. But I guess my thought is someday I hope to be able to say "Looks kids all these nickles are older than your Grandfather."

[999Ni]

save pre-60's folks, anything later is toooo common.

[TXBullion]

I've decided that I would just go ahead and put aside any nickels that are older than myself (pre 68). I did get some nice Nickel Folders for Christmas so I'm filling up those holes first. But I guess my thought is someday I hope to be able to say "Looks kids all these nickles are older than your Grandfather."

I like that you put so much thought into it

[tn-dave]

I like that you put so much thought into it

It was a big decision TXBullion.!! That's kinda my personality though. Over analyzing almost everything...

[Dave]

The 1960, 61 ,62, 68D and S, and 71 has lower mintage than some pre 60's nickels.