$9 for one 2009-P nickel!
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http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&ssPageName=STRK:MEWAX:IT&item=180377349060
Seems like a good profit wow!
Seems like a good profit wow!
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.........ah the bay. a flipper's paradise.
<< <i>http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&ssPageName=STRK:MEWAX:IT&item=180377349060
Seems like a good profit wow! >>
They were selling for 10 x's that a month ago'
Joe
<< <i>
<< <i>http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&ssPageName=STRK:MEWAX:IT&item=180377349060
Seems like a good profit wow! >>
They were selling for 10 x's that a month ago'
Joe >>
They were selling for $100? now that is crazy!
Bobbeth-09 Dimes
Rodzm-09 Nickels
Neither of them, or anyone else has found a D minted dime or nickel yet... Most coins down here in San Antonio are All D's, so I am looking to find one, that I can sell.
I feel sorry for anybody who thinks this is a key date coin.
But those two were the first I had heard of anybody finding them
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<< <i>I have found them awhile ago. >>
How long is a while ago?
They found their's almost two months ago.
<< <i>I feel sorry for anybody who thinks this is a key date coin. >>
I'm curious why you would make such a statement?
If none show up, regardless of the mintages, they could be rare. Just because they made 39 million of the nickels from each mint does not mean that folks will ever see them as is witnessed by the lack of Denver coins and, given the current economy, it could be years before these ever surface. That in itself creates a market.
It is totally possible that this could very well be a key date year.
The name is LEE!
Let's just say that Ive managed to pay off a couple of credit cards and paid of my car loan as well.
<< <i>The most i sold a nickel for was $136 I think. The rolls are selling very well for over $200 each. Just called my dad and his connection got him a $200 bag of pre-rolled nickels.
Let's just say that Ive managed to pay off a couple of credit cards and paid of my car loan as well. >>
Smart man.
The name is LEE!
<< <i>The most i sold a nickel for was $136 I think. The rolls are selling very well for over $200 each. Just called my dad and his connection got him a $200 bag of pre-rolled nickels.
Let's just say that Ive managed to pay off a couple of credit cards and paid of my car loan as well. >>
That's AWESOME... kudos to you! At that rate, figure another 24 bags of those would make you a millionaire, literally! I almost feel compelled to hop on a plane and fly to Puerto Rico myself, just to get in on the action. My only suggestion is, better sell them as quickly as you can. There's no way the market will be able to sustain these kind of prices forever, IMHO.
<< <i>
<< <i>The most i sold a nickel for was $136 I think. The rolls are selling very well for over $200 each. Just called my dad and his connection got him a $200 bag of pre-rolled nickels.
Let's just say that Ive managed to pay off a couple of credit cards and paid of my car loan as well. >>
That's AWESOME... kudos to you! At that rate, figure another 24 bags of those would make you a millionaire, literally! I almost feel compelled to hop on a plane and fly to Puerto Rico myself, just to get in on the action. My only suggestion is, better sell them as quickly as you can. There's no way the market will be able to sustain these kind of prices forever, IMHO. >>
Im not too sure if taking a flight would be good due to the fact that the main banking branch for all coins distributed in Puerto Rico has said that they stopped distribution of nickels. Basically what is available in the surrounding banks is the only supply for a while until and if they get some more. My original batch of coins I actually got from the head distributing branch however due to a few connections my dad has in some of the other banks in the area he was able to get more rolls. It's not a one stop shop like it was almost two months ago where he could go in the main branch and get the rolls, now he has to do some leg work to get them.
You know it is hard to say now on how the market will be with the nickels. There are way way more single coins on Ebay than rolls and there is about 4 sellers who can offer sealed bank rolls. Even though the dimes have gone way down from its high but rolls are still selling steadily at $50-60 each, and thats been the average price for about a month already so its really hard to tell now how the nickel rolls will be in the next few weeks
- Jim
We will be finding them soon, and the people who bought them at ridiculous premiums will feel like idiots.
Everything you or I say at this point is all speculation.
We don't know how it is going to turn out, I have my opinion, and obviously you have yours
That $10-$20 nickel will be worth .05 cents. Are there individuals actually loading up on 09 nickels at a serious premium?
Ouchie, better get some band-aids.
Scott
<< <i>The reason I say these are not a key date, is because, well these are not a key date.
We will be finding them soon, and the people who bought them at ridiculous premiums will feel like idiots.
Everything you or I say at this point is all speculation.
We don't know how it is going to turn out, I have my opinion, and obviously you have yours >>
Of course you are assuming that all 40 million D coins will find their way to the general public.
All I am saying is that there are none to found and it is totally possible the very few will be found.
The only real method of determining key status is to wait about 10 years. Those folks that paid $9 might be very pleased or sorely disappointed but then, thats the coin game.
The reality, right now, is that there appears to definitely be limits on whats available which is what drives the price.
The name is LEE!
this will be one of the most common of all clad dimes.
But there's still a distinct possibility that coinage needs can continue to
contract for years due to inroads by electronic transfer and a weak econ-
omy.
The nickel is especially vulnerable to never being released since it costs
more to produce than it's worth. While there might be no danger of san-
ity returning to Washington there is always the possibility that the FED
will gain control over the money supply and these coins would be recall-
ed and destroyed along with all those '09's in storage.
All we can do is wait and see in time.
<< <i>According to "Coin World's" article (US Mint May Create Strategic Coin Reserve) in their May 18, 2009 issue, nickels and dimes will be part of this reserve and anticipation of more nickels and dimes will be produced in the second half of calendar year 2009. Of course the mint is currently reviewing this decision. >>
If they're willing to pay eleven or twelve cents to make nickels in good
times then it only makes sense to make billions and billions we may never
need for a mere 7c each and store them for decades.
...Taxpayer dollars in action. Security and storage costs for a strategic
coin reserve can help assure we never get out of debt. Since we never
hold public officials to any sort of standard we'll never even know what
genius thought it up.
The only way these 2009 pocket change coins will be worth a premium is if the mint literally destroys the excess coins. I really doubt they will do that since minting the coins costs money and there isn't any silver or otherwise precious metals there.
<< <i> I really doubt they will do that since minting the coins costs money and there isn't any silver or otherwise precious metals there. >>
Coins that get recalled and melted tend to be base metal coins. This
tends to be a fairly modern phenomenon.
Issuers might have recalled gold and silver but they didn't get turned
in anyway. Usually with the silver coins they'd just melt damaged coin
and whatever was on hand when they switched coinage or debased it.
People will turn in coins if they'll have no value in the future and it's
worth the effort in the present. They didn't turn in good silver and gold
in favor of debased or even new currency because the coins they had
were good enough.
Of course some silver coins were made in excess quantities to circula-
tion needs and have been melted.
I'd wager there's never been a case of small denomination coins inten-
tionally made in excess of circulation needs.
<< <i>It's a little silly, if the mint made 40 million of them but they just haven't circulated yet, those who paid more than a nickel are going to feel a little silly when the 2009 nickels are released.
The only way these 2009 pocket change coins will be worth a premium is if the mint literally destroys the excess coins. I really doubt they will do that since minting the coins costs money and there isn't any silver or otherwise precious metals there. >>
When they are released in what condition will they be in?. By the time a collector finds one in change they are probably well circulated. I think paying a few bucks for one right now is not a bad speculative play. Rolls will be near impossible to find so the premium on 09 nickels may end up being in the availabiltiy of sealed bank rolls. I highly doubt that once they start circulating that people will able to find solid rolls at their banks. Its been almost 2 months since i got my supply and there are still countless of people who havent found a single nickel or roll. By the time they start circulating there wont be any more rolls available.
Ive heard of countless people taking trips to 10-20 banks in one day looking for the 09 coins and have turned up empty handed, and Im talking big cities too
Can anyone tell me how Georgia State Quarter rolls have maintained a high premium. It will be the same thing with 09 nickels.
RIP Mom- 1932-2012
Totally agree. Forget the nickel, is that a 63 split window vette?