Just talked to the Mint concerning the Buffalo Nickels
GAT
Posts: 3,146 ✭
The rep told me the rolls are selling fast and to expect them to be sold out within a month. You can read into this what you will but I expect them to skyrocket on eBay.
Sorry nitpicker for the typo!
Sorry nitpicker for the typo!
USAF vet 1951-59
0
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New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
RJ
<< <i>Help me out...I am a young newbie and I do not understand why it would be better to buy them from the mint and not the bank... Sorry for the ??
RJ >>
Rob,
Don't be sorry for the question. People on these boards want to help answer your question and I will give you MY opinion.
It is MUCH better to get the new Buffalo nickels at the bank. There will be hundreds of millions made by the US Mint with a "P" and "D" mintmark on the business strikes and "S" on the proof strike coin. I would suggest you get one example of each. The proof coin comes in a proof set issued by the US Mint for $27.90 postpaid. You can order from their internet site since the bank doesn't have them. I figure if you have one example of each coin in real nice condition, why do you need a roll of 40? Good luck.
Steve
My Complete PROOF Lincoln Cent with Major Varieties(1909-2015)Set Registry
<< <i>Oh man, it just galls me to pay the Mint 3.5x face for standard issue coins (including the S&H). >>
I agree but did I get a roll of each when I ordered my proof sets.........????? Like a lemming.
<< <i>RobJ, the rational is that Mint rolls haven't been thru coin counter machines and will grade higher then banks wrapped rolls. >>
And the possibility exists that the coins haven't already been picked through and rewrapped much more than a bank wrapper...
In memory of the USAF Security Forces lost: A1C Elizabeth N. Jacobson, 9/28/05; SSgt Brian McElroy, 1/22/06; TSgt Jason Norton, 1/22/06; A1C Lee Chavis, 10/14/06; SSgt John Self, 5/14/07; A1C Jason Nathan, 6/23/07; SSgt Travis Griffin, 4/3/08; 1Lt Joseph Helton, 9/8/09; SrA Nicholas J. Alden, 3/3/2011. God Bless them and all those who have lost loved ones in this war. I will never forget their loss.
1) You really want them in the special wrapper
2) Once the "special wrapper" version sell out at the mint, these will command a higher price on Ebay and you can flip them for a nice profit. It may not make sense that anyone would pay over face value for modern coins made in the millions, but that argument is getting old around here. The bottom line is, people make money doing this. Don't know why, but it is a fact.
<< <i>the rational is that Mint rolls haven't been thru coin counter machines and will grade higher then banks wrapped rolls. >>
-I'm pretty sure the Mint automates the coin rolling process just as a money distributor does. The mint rolls avoid the million pound bag that then gets distributed into the federal reserve banks and then into third party rolling machines.