Sealed 1962 bag of Jeff Nickels
CoinHoarder
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I bought this sealed $200. bag of 1962 nickels back in 2010.
Are these type of bags hard to find? I do not find much about them on the internet.
1
Comments
Jumping into it... what’s in it? Any special finds?
Never been opened. 4000 nickels. No interest in opening it up.
Nice looking bag!
Define "hard".
There are fewer than there used to be.
I'd like to find one of those. Nice find
My War Nickels https://www.pcgs.com/setregistry/nickels/jefferson-nickels-specialty-sets/jefferson-nickels-fs-basic-war-set-circulation-strikes-1942-1945/publishedset/94452
Used to be more common... check CPG or Redbook for special Jeffersons of that year.... If any of value, it may be worth searching... or sell it on the BST unopened. Cheers, RickO
During the roll and bag boom in 1964/5 the '62-P nickel was one of the tougher to find. At $4 per roll now there won't be a lot of bags hitting circulation unless there were storage problems but rolls aren't worth shipping.
Huge numbers of cents and nickels were set aside in those days and it's hard to get a feel for what's left. A lot of these get spent when they come into the coin shops and few dealers care whether it's a '62 bag or a '64-D.
I've looked through enough of these coins to know the improbability of finding Gems. I'd spot check them and sell them. FS can be found but this just makes them less valuable and less the trouble of finding them. Of course if a spot check reveals any Gems then FS's could be valuable. I can't think of any significant varieties for the date.
I like the idea of that, nothing wrong there
Why keep a bag of common date nickels? Let the error and variety searchers give it a try while you take the money you make on it to the bank.
Went through a 69-D and 70-D bag a few years back. Took 3-4 months looking for possible varieties. Have an assembly of 69-D's where the machine doubling shifts left to right in the EPU. And a few very close full steppers for the 70-D's. And I put together all the coins I thought graded MS65 and higher, about 2 rolls for each date.
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
+1,000
If you had ten of these common date bags, you could get a hernia for all your troubles.
OK Jeff peeps..................are 1962-P Jeffs rare with full steps?
Pete
Not rare but not common either.
Would have to be 65+/66 to be worth slabbing.
Gems could be sold raw (let buyer think he's going to make a killing.)
Have a bag of 1960 bag myself. Bought already opened.
If you ever want to sell, I'm game. I'd keep it unopened.
Gonna get me a $50 Octagonal someday. Some. Day.
I'm not criticizing anyone for their collecting interests, and because people set aside huge quantities of original coins, there are nice examples for the rest of us to collect.
However....what's the absolute best coin that could possibly come out of that bag? If that's the coin I was hoping to find or own I would just buy one already slabbed and save myself the trouble, space, and financial investment of keeping the extra 3,999 nickels lying around.
I think about the money put into the back in 1962, when unc morgans could be had at the bank for $1 each, and how the story would have changed if it would have been some bank wrapped unc morgans for the same purchase price.
One can always dream of finding a virtually perfect coin despite the fact that none were made in 1962 and if one had been then it was marred before leaving the mint.
It was fun searching these back in the day when there was no competition but for the main part most finds weren't worth the effort monetarily. you could go through bags like this in the ''80's and '90's pulling out a couple rolls of Gems and FS but unless it was a spectacular bag the aggregate value of these at wholesale just doesn't pay for the effort and time. I'm sure this is because there are just too many bags of these even today and too few collectors. The numbers just work against rewarding the patience and effort of those doing the "heavy lifting".
Even with dates that are far scarcer like the later dates there just is even less demand and the effort tends to be poorly rewarded. It gets harder and harder every year to find coins to search and there are more and more coins available that have been searched already. The odds of finding raw Gems is low enough that unless you know exactly how and where to look you may as well just buy a nice attractive example. Usually very rare, very high grade specimens can be purchased for less than the cost of slabbing. If you're willing to pay even a small premium to slabbing then there are a lot of pretty spectacular 30 or $50 moderns out there. $50 will buy about the best '62 nickel in a couple bags on average. Of course you lose the chances of finding a spectacular %S superb Gem that gets catcalls from so many other collectors. But you also avoid the $400 premium for two bags, the hernia, and all the time it takes to search them.
The best time to search '62 nickel bags was in the mid-'90's when they could be had for almost no premium.
Collectors/hoarders are sometimes a strange bunch. Just why would anyone pay a premium for a common date bag of Jefferson nickels? If offered to me I would pay LESS than face value because time and labor would be involved in rolling them for deposit at my local bank. The chances of finding a true gem coin in a loose bag of nickels that has been moving around for 57 years is probably nil.
Perhaps the preservation of originality? Kind of weird to criticize any collector or hoarder since so much of the material we have today was--you guessed it--retained by collectors and hoarders.
How about to each their own? I think original bags are cool, opened or not. I've done a little searching of my bag for fun, not profit. Not everything has to be about flipping for full steps or superb gems. I guess that just means different people have different priorities.
Which is the basic reason, IMO, this hobby can be so much fun. Not a single person in either of the coin clubs I belong to collects the same way I do. It makes conversations very interesting.
Gonna get me a $50 Octagonal someday. Some. Day.
I haven't really noticed much degradation of quality as bags age.
There is an increasing likelihood that the coins in a bag will all be unacceptable because they are tarnished, marked up, or were poor quality to begin with but this is all natural with time and the nature of collectors to peek between the seams to see what's in the bag.
But most bags are unaffected by any of these forces in my experience.
Open it !!!
Now that's cool.
Of course it's a nickel struck on a struck cent?