Advice needed on safe deposit box coins

oilers99

Folks,

A friend of mine inherited a bunch of coins that were stored in safe deposit boxes. We already sorted out the 90% silver, silver dollars and now are working on the Buffalo and Jefferson nickels. We separated the silver war nickels so my question is - what is the best way to dispose of the circ 1938-59 nickels? There are dozens of rolls by date in the 40s and 50s and some BU rolls in the early 60s. Is there any market for mixed rolls pre-1960? Thanks for any suggestions even if it involves just taking them back to the bank to deposit.

jtlee321

I'd be getting a CPG and going through each and every one for possible varieties. Once you have gone through them, check them for condition and keep the higher grade coins, then spend the rest of the low grade Jefferson's.

cladking

Most of the BU coins from the '60's can be spent as well. Check them for Gems/ varieties/ Full Steps first though.

david3142

Before you spend them, see if any young numismatists have a use for the Jeffersons. It could spark some collector's interest to assemble a complete set of them!

SamByrd

Get a medium flat rate USPS box and pile up all the Jefferson's of nominal value.

List them on the BST and sell them at an attractive price.

These don't go for much but the BU rolls many of us put away.

TomB

The easiest method, and likely best use of your time and effort, is to go to the bank and deposit them at face value. The next most worthwhile method is likely to haul them to a local coin dealer and see if you can get anything above face value for them. I would not sink time and effort into these.

291fifth

The market for circulated Jefferson nickels has essentially been dead for fifty years. The early 60's Jefferson nickels were saved in BU rolls in huge quantities. Don't spend much effort in getting rid of them. Depositing them at the bank may be the best alternative.

Bayard1908

Buy some Whitman folders and create some Jefferson nickel sets. You'll get way over face value on eBay I expect.

TopographicOceans

List them on eBay as one big lot opening 13% above face value and with your actual shipping costs plus 12%.

If they sell, you make 1% after fees. If not, then deposit them in the bank

erwindoc

I love roll searching, but some dates are just tough to find in boxes. Let me know what you have as I have several albums in various states of completion.

amwldcoin

I'll give ya 6 Cents a piece for the pre 1960's, Spot for the War Nickels!

ricko

I think Bayard1908 had a great suggestion... and one that is likely to gain a modest profit.

Cheers, RickO

mustangmanbob

A local coin dealer, who I think is getting near the end, pulled all the Jefferson's in stock. He pulled out the war nickels, 50-D's, the 38, 39, d, s, maybe a couple more, and then had, iirc, 6 - 8 milk crates full, and it all went to the bank, face value.

CaptHenway

Back when I was working in a coin shop in Chicago we had a wholesaler who would give us 8 cents each for 1938-1959 nickels. What type of quantity do you have, and what part of the country are you in?



Send me a direct message and I'll try to find out if the guy is still buying them.

oih82w8

Sounds like a rainy day weekend project of coin roll hunting!

mannie gray

I think I know the outfit Capt Henway is talking about, I used to sell stuff like that to them.

I think you would do surprisingly well on eBay, just listing them as mixed date rolls 1938-1959. If you sell the dates by solid roll, buyers will think they've been searched. If you just put up "1938-1959" they will think they might cherrypick something.

You might be surprised by what you would get doing that.

If that's too much work, the 8c a coin route suggested by the good Cap'n would be an excellent alternative.