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Hoarding Nickels

Discussion in 'PM's - Coins - Numis - Base Metals' started by Argentum, Apr 1, 2010.



  1. Argentum

    Argentum New Member

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    I didn't see a nickel thread yet, so here goes nothing.

    Who else hoards nickels? At coinflation.com, it states they are worth 6 cents apiece today - bringing my investment/hoard value up 20%.

    I like to stack nickels because they cannot become less than what I paid for them.

    Thoughts? Pics? Resources? Please share.
     
    AGRO, mojo273, Buchan and 1 other person like this.
  2. gpond

    gpond Silver Member Silver Miner

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    I hoard them, Argentum, but only at the hobby level. I like the downside on this most straight-forward of investments.
     
  3. Fatboy

    Fatboy Gold Member Gold Chaser Site Supporter

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    Come on "Silver Condor", tell them how it is done!
     
  4. Junk Woody

    Junk Woody New Member

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    I hoard Canadian pre 1982 nickels, .999 Ni baby
     
  5. Silver Condor

    Silver Condor Banned

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    Ponce here..........LOL Fat Boy, the banks in general are closing down on trading nickels for paper fiat and are charging up to 10% for them.

    My bank already told me that they could no longer trade me or sell me nickels, lucky for me I now have around 1,000 bricks of nickel, there is need and then there is greed.............my greed is full hahahahahahah.

    Ruasell? glad to see you here even if you are no longer running the show.
     
  6. Argentum

    Argentum New Member

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    My bank has been really loose with them surprisingly (Chase). I don't ask for them anymore. My rule is that if they ask me if I want a box, then I buy one - but they always ask me now...I must be the only guy requesting boxes of them.
     
  7. wiper

    wiper Seeker Seeker

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    what is content of nickels? has it changed?

    i'm all about copper pennies and silver dimes (obv), but haven't gotten into nickels...so i can just walk into a bank and ask for $100 worth of nickels?

    how many are in a brick? a box?

    thanks!
     
  8. Quixote2

    Quixote2 Seeker Seeker

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    Asked about boxes of nickels at my two banks today, both had none. The second bank said they could order one in, I ordered two boxes to be in next week.
     
  9. Argentum

    Argentum New Member

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    The nickel hasn't changed in over 60 years. Still 75% copper and 25% nickel. I suspect the gov't will be messing with the content someday soon and that is why I'm stashing some away.

    The box (brick) of nickels is $100 and comes with 50 $2 rolls - weighs about 22 pounds.

    http://www.coinflation.com/coins/1946-2007-Jefferson-Nickel-Value.html
     
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  10. Silver Condor

    Silver Condor Banned

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    Wiper? is like I tell people to do........hold a brick of nickels on your right hand (if you can) and a $100.00 dollar bill in your left hand.......now, which one feels more like real money?, now days the value of the nickel is about 6.8 cents but then you have the cost of making them, transporting and distribution.

    My last load of nickels (500 bricks) came to my home on the back of a friends truck, by the time it got to where I wanted them there was a 10 inch deep hole all over my yard, from the weight of the bricks.........I now have to fill them up.

    You can use nickels for a million of different things but only about four for the paper fiat.
     
  11. wiper

    wiper Seeker Seeker

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    i gotcha. :cool:

    may try out my credit union soon. tomorrow would be optimal, but alas, i'm forcing myself to go golfing. :dance:
     
  12. AGgressive Metal

    AGgressive Metal New Member

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    Suppose that sometime in the future, it was legal to melt them and you decided that was a good idea - is it difficult for a refiner to separate the Cu from the Ni? Would you be paid less because of this?

    Why not just buy $100 of silver or $100 of gold - much easier to deal with. I'm not saying nickels are a horrible idea, just probing you guys for your thoughts on these issues.
     
  13. ssbn642blue

    ssbn642blue New Member

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    There is no downside to purchasing something that the value of will never go below the purchase price.

    ie. 5 cents will always be worth 5 cents or more. You buy Gold/Silver at spot, and the value can and does go below your purchase price. Not so with a Nickle or Pre 1982 Cents. Hoard now, think 1963 with "junk silver".
     
  14. Argentum

    Argentum New Member

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    I have never really been able to find good info on the refining of the coins of this composition. There are many maritime applications for this alloy, so there is at least a market for it. I would think that if the refining process is difficult, then if the time comes that people are actively trying to melt nickels for their metal someone will find a process to do it efficiently. Necessity is the mother of invention. My basis for collecting is pretty much what ssbn642blue said about the lack of a downside to the investment.
     
  15. slv>gld

    slv>gld New Member

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    The refiners are not interested in separating the alloy. Most likely they would be adjusting the ratio to achieve a specific purpose nickel alloy.
     
  16. Silver Condor

    Silver Condor Banned

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    Very good blue.........you can always chage the nickels back to dollar, if you have to, but in the future where the dollar is going down in value the nickels will be going up.

    Like I wrote before, in what is to come the loose coins will be more valuable than the paper fiat.........and even when there is a paper fiat change where one of the new one equal to three of the old one all coins will retain its proper value...........remember my words.

    Ponce
     
  17. AGRO

    AGRO Seeker Seeker

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    Great thread addition to out little base metals sub AG,

    What old nickels are people interested in? Buffalo? War? Etc?

    Just trying to get an idea what most like, I will be adding some to buy and sell in the VERY near future.

    Personally I like buffalos, yet I am not a nickel hoarder.
     
  18. 1964 all over again............. :evil:

    T
     
  19. Bottom Feeder

    Bottom Feeder Hypophthalmichthys molitrix Silver Miner

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    Ya know stockpiling up a big hoard of nickles just don't seem like an effective plan to me. Reminds me of the old SF story about "The never ending penny"

    bf
     
  20. Argentum

    Argentum New Member

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    Please elaborate, I am not familiar with the story...
     
  21. Bottom Feeder

    Bottom Feeder Hypophthalmichthys molitrix Silver Miner

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  22. TheMadHatter

    TheMadHatter Gold Member Gold Chaser

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    You have $100k in nickels in your basement?????

     
  23. Pyramid

    Pyramid Gold Member Gold Chaser Site Supporter

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    I disagree with that reasoning due to inflation. A few nickels actually used to buy something, say a soda. Now you need a handful or 2 to buy the same soda.

    I'm not hoarding nickels, just keeping ones in my change. Cu cents are the coins to hoard, 2.5 Cents in value right not, 150% gain (in theory) compared to 20% for nickels.
     
  24. Sparky

    Sparky Banned

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    Last edited by a moderator: Dec 26, 2015
  25. Quixote2

    Quixote2 Seeker Seeker

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    Yes, but every nickel is a keeper. The pure copper pennies are getting scarce and you have to sort thru a lot to get that 1.5 cents.
     
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  26. minimus

    minimus Guest


    There's a logical flaw. "5 cents" doesn't always buy "5 cents" worth of the same goods the next year.

    Think about that.

    "Purchasing price" is an illusion, purchasing power is the cold reality.
     
  27. ssbn642blue

    ssbn642blue New Member

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    It's not about what you can pay for this year. It's a hedge against inflation. If you could go back to 1963 and hoard all the dimes, quarters and halfs you could, would you not have? If not, why?

    Do you really trust the Fed Reserve with our monetary supply?

    Sorry, The US Government became insolvent in 1913.
     
  28. Silver Condor

    Silver Condor Banned

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    Not 100 K, 1,000 bricks equal to $10,000.........be nice to have 100 K in nickels.

    You know amigos? stop thinking what was yesterday and think of what tomorrow will be like.......nickel power.

    Why would you want to melt nickels? as the dollar goes down the nickel will retain its value.....meaning that it will go up the same as silver and gold, if for nothing else then for the metal content.

    What you do today will be what your tomorrow will be like.
     
  29. ssbn642blue

    ssbn642blue New Member

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    +1000 Applies to anything in life.
     
  30. southfork

    southfork Mother Lode Found Mother Lode

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    I save nickles and pre 82 pennies, throw them in a 5 gallon just, on occasion I buy a few rolls of each and toss them in too.
     
  31. gpond

    gpond Silver Member Silver Miner

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    Interestingly, it is also a hedge against deflation, since it's legal value is $0.05.
     
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  32. Argentium

    Argentium Midas Member Midas Member

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    That is why I'm in favor of holding them, it is a no-lose situation. I probably wouldn't hold on a scale anywhere near Ponce's, the sheer mass of his holdings seems problematic if one needed to convert them back to FRNs (or its successor currency), IMO. They would make for good radiation shielding, though!!

    I'm closer to the idea of holding somewhere ~$500-$1000 worth, with the bulk of my funds held in PMs and several thousands of FRNs as an emergency reserve. I could see coinage used as a immediate replacement for FRNs, in the case of a currency collapse as opposed to PMs, in the initial stages.
     
  33. Quixote2

    Quixote2 Seeker Seeker

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    One brick/box of nickels is 50 rolls of 40 nickels ($2 per roll) or 50 rolls/2,000 nickels for $100.

    100 bricks/boxes of nickels is $10,000.

    1,000 bricks/boxes of nickels is $100,000.
     
  34. Fatboy

    Fatboy Gold Member Gold Chaser Site Supporter

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    There you go, using that "new math" again! :)
     
  35. Fatboy

    Fatboy Gold Member Gold Chaser Site Supporter

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    Let's do a word problem:

    If Ponce has his banker order him 50 bricks of nickles and a brick weighs 22 pounds. Then Ponce is finally able to coordinate the banker and his friend with his truck to move them from the bank to his house for him, how deep will the ruts in his lawn be?

    Ans:

    About 5 inches!
     
  36. Silver Condor

    Silver Condor Banned

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    Hahahahaah fat boy, plus the fun of hiding them and setting up the alarm..........I hope to die with all my silver and all my coins (nickels and otherwise) because that would mean that I never ran our of cash and that WTSHTF never came for a visit........I feel sorry for my X, if I die before her, because she will have a headache dealing with all that stuff............. a headache that many of you would like to have hahahahahahahah.
     
  37. Ardent Listener

    Ardent Listener New Member

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    I hoard nickels too. No sorting required and I consider them to be a cash reserve that is inflation resistant, but not inflation proof. I have a good friend over at realcent (Copper Catcher) who disagrees with me and only hoards copper cents. So all I will say is to each his or her own and good luck.
     
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  38. GOLD DUCK

    GOLD DUCK Mother Lode Found Mother Lode

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    QWAK,Back in the 50s a very smart man told my Dad that IF he just took $1000.00 each year and bought the new issue of pennies nickels and dimes and quorters -- that in ten years they would be worth a mininum of 10x what he payed!

    Dad was NOT a saver -- he died DEBT FREE but could have been WELL OFF and DEBT FREE -- if he had just listened! :(

    the DUCK
     
  39. Silver Condor

    Silver Condor Banned

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    At my age you all could be my kids..............so...........listen to day and stockpile loose change..........in ten years I want my 10% commision.
     
  40. highroller4321

    highroller4321 New Member

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    Because you cant easily and regularly buy silver and gold at a discounted price.

    You buy $100 worth of gold and silver its worth $100.

    You buy $100 worth of nickels and its at todays prices its worth $120.74

    You buy $100 worth of Pre 82 copper pennies and at todays prices its worth $233.57
     

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