Is anybody hoarding nickels?

CarlWohlforth

I guess there is more than 5 cents worth of metal in our nickels. I read that you can't melt them down or export them to be melted.

I have started a mini hoard. I bought some rolls and am pulling them from change. Am I the only one doing this?

Scioto

More trouble than it's worth unless you have tons of them. I just roll them and take them to the bank.

mhammerman

Just a passing observation...

It seems that fewer nickels are being returned to me in change. I've received 6-8 pennies instead of a nickel and a couple of pennies or round downs to the nearest dime a number of times over the last month or so. Funny, I was going to note this phenomenon here but you are on the ball!

guitarwes

I bought 6 bricks of the Westward Journey Buffs, Boats, and Waters.

$600 worth!
2000 Nicks to the box!
12,000 Nickels.......
Plus a hundred or so Rolls of Peace Medal and varous other ones....

what the heck am I goin' to do with 'em? I have no idea.

just thought I would be fun to have all that for a rainy day.

StampAlarm

I have an unopenned box of keel nickels 'D' that I bought from the bank and that's going to be it.



Jerry

Paleodale

Whats the point... if you can't sell them for the metal anywhere, whatcha gonna do with em?? ... Line em up on the fence post and shoot at em,???

19Lyds

<< <i>Whats the point... if you can't sell them for the metal anywhere, whatcha gonna do with em?? ... Line em up on the fence post and shoot at em,??? >>



Unless the collectible values go up there's no point in hoarding these other than to just say that you are "hoarding" them.

You'd literally need a truckload to show any kind of profit. That is if you could find someone to melt them! Even then, it would hardly be worth the effert.

TwoSides2aCoin

Six thousand seven hundred forty seven 2005 D Bison Nickels
Unsearched. 2 unopened bricks. Rolls of early 60s, war nickels... for you to buy at ten cents each.

Call me
Five dollars shipping !

edit to add :
hey Carl

Bochiman

<< <i>More trouble than it's worth unless you have tons of them. I just roll them and take them to the bank. >>



I agree....kind of like aluminum cans to me....they are worth a few cents each, and when I was young, I did recycle them, but it takes a lot to make it worth my while now (it didn't when I was only 10 years old though ), so I let others do it.
Same with the nickels. About 2c "profit" in each one. Would take me thousands to even make it worth a little bit of my time (to me) and then trying to find something to do with them, and tying up my funds (which I didn't have to worry about with the cans) is even more of a deterrent.

mercurynut

I am still hoarding both the copper cent and nickels. When the price of the base metals rise to a point where the Gov. will want to profit from it and ease the melting law.

TwoSides2aCoin

After a long and arduous search, MS 64 at PCGS for the Bison was the result. I sent ONE coin in out of the hundreds... I selected the best strike with the fewest marks and nicest eye appeal this netted me MS64. It strains the eyes.

So what to do with unsearched rolls ?



Search or Hoard ?

fc

duh,

what you need to do is find someone who has a need for raw nickel.
then melt the suckers.

i am quite proud and dismayed to see the intrinsic value of the nickel
worth more then a nickel.

sign of the times man.

GritsMan

I'm a "semi-hoarder"!

I've searched through a couple hundred rolls this year, but am only keeping nice ones for my books and anything older than 1968. My 4 year-old, however, insists on hoarding all of the Lewis & Clark nickels! Seems unpatriotic to keep them, but he will not listen to reason!

anablep

Any nickels dated 1959 and earlier are saved.

I have about 20 rolls of buffs, war nickels, and Jeffies from 1938-1959 saved since around 2003 that I've taken out of circulation or found in rolls.

I'll search about 10 rolls each weekend or so.

I usually find 5-10 pre 1960 nickels from 10 rolls.

pendragon1998

Unless it became legal to melt them down for their nickel value, I don't see how you're going to make much money hoarding nickels (or cents). Even if it becomes legal to melt them again sometime in the future, I doubt that you will make more money from a smelter than you would have earned via interest, had you just left the money in the bank (e.g., in a CD or high-yield online savings account).

That's the rationale behind why I recently cashed in my $150 in cents from the ol' cent jug.

topstuf

I have decided to hoard everything. Cans, gold, silver, copper wire, zinc, plastic, paper....EVERYTHING!!
I saw a Learning Channel special on hoarders last nite and I wanna see if I can get more nuts than the gal who got evicted for having so much junk that she couldn't get to the window if the place caught fire.

Got any old shoes?

pontiacinf

Im always throwing back jefferies, but not because of metal content, although with all this talk...

CarlWohlforth

I found it interesting that nickels are worth more than a nickel. So what will it hurt if I put away a few hundred bucks worth? Maybe I can figure out how to get more than a nickel for them. If not I can turn them in for paper and I'm out some time. The effort is good for me. I get some upper body exercise when carrying them around

The ones I just picked up are all circulated. I found 1 from 1960, 2 from '64 but only glanced at 2 or 3 from each roll. I doubt there is anything of numismatic value there. Anyway I'm glad I'm not the only one who is doing a little hoarding.

I drink diet 7-up. I crush the cans and when I get a 40 gal garbage container full I bring them in. Last time I got near $50 for them. This time aluminum is %25 higher so I should get well over $60 for them. They do take up too much space to keep more around than my 40 gallons so that is my limit.

Aaron04

I hoard copper pennies.

oldcameoproofsguy

I'll start hoarding nickels when the mint starts making them out of zinc.

silverpop

Nope

See no real need to

rec78

About 2c "profit" in each one That is 40% profit - not bad. I do not hoard them yet.
I can remember my dad selling $1000 bags of silver coins at 6% over face($1060) when the melters first started buying them in the late 1960's (not too sure of the year may have been early 1970's). Silver coins back then were plentiful. When a great percentage of silver coins were no longer in circulation the government lifted the ban on melting them down. However nickels are different as there is currently no plan in place to replace the nickel in them with a lower priced metal. The government will not lift the ban until a suitable replacement is in place. I do not understand why they are not looking for a replacement of some type.
If a replacement comes along, when it is well in place then and only then i believe the government will lift the ban and we will see a run on the treasury for nickels just like silver in the 1970's. A 40% profit for doing nothing but buying nickels and selling them to melters will drain the treasury almost overnight.

richbeat

I'm saving nickels and copper cents, but only what I get in change. If and when it becomes more profitable, and the ban on melting is lifted, people may be kicking themselves for not saving them sooner.

ibzman350

So do all nickels have over 5¢ worth of metal in them ?? Or do I need to look for certain dates???



Herb

RegistryCoin

Nickels 1946-2007 - 7.23622 cents each

TwoSides2aCoin

I didn't mean to hoard them. I purchased what someone else was hoarding. Now I'm stuck with them.

Do I Like it ? No I do not, I just haven't found anyone dumber than me to buy them, yet !

TwoSides2aCoin

<< <i>I'll start hoarding nickels when the mint starts making them out of zinc. >>





Good post there !

CoinHusker

<< <i>Nickels 1946-2007 - 7.23622 cents each >>



Interesting site. Thanks!

FullStepJeffs

I hoard them all... madness, my wife calls it...

Steve

Snowman24

at what price would would nickel and copper have to be at to make it profitable for melting?

like right now its .0223 per nickel profit but at this profit im guessing that smelters salaries, transportation, melting and selling & buying fees are not figured in yet???

carl

There is a web site called Realcent or something like that. They have a section called hoarding metals and there are numerous stories of people hoarding cents, nickels, etc. I guess plans are wait until no law against melting then turn them in for the metal. Some say there are places that will take coins and melt them regardless of the laws. Impossible to tell if a blob of metal was ever a coin you know.

TwoSides2aCoin

Cherrypickin' Hoarder is an oxymoron, isn't it ?