I have been saving USA 1976 commem quarters and the 04/05 commem nickels, is there really any point in saving these? Their mintage numbers seem to indicate that they are not scarce by any means. If anyone knows someone who really would like them more than me let me know.
Also have about $30 in all copper pennies. A few years back everyone was saving them hoping to make money on the copper content. Your opinions on this please. Should I just spend them or find someone willing to pay a premium on them?
Agreed, I had a hard time selling a roll of bicentennial Quarters for ten dollars and 25 cent at my local coin club. I let $10 go at auction for exactly $10.
The pennies I would keep, its just nice to have them around. But like the other guys said, its not a good investment.
Taking a break from swapping for a while, but still interested in pre 1799 Spanish coins, I will make time for that!
Well, saving non-silver 1976 commemorative quarters is not a good investment. For those to be worth anything at all, they have to be in ms65 condition or better; and even then there is no market for them. They are simply not in demand. So depending on how many you have, I would cash them in and buy U.S. junk silver as somebody else mentioned. There is a 40% silver 1976 commemorative set that might be worth getting and holding onto for a while.
As far as the 04/05 nickels are concerned, I have a partial set of proof coins. But they have to be pf65 or preferably better to be worth anything, which I think mine are. And I have the complete 04/05 mint series in my nickel collection, but they are just ms60. But I wouldn't hoard them except in my spare change bottle.
As far as the coppers are concerned, silver is a better precious metal to hoard.
Hoarding , well I think iam a bad case for that. Well it a easy way to save money. And if you look at it that way it is good. I turn in 50 dollars of them so I could get a few really nice silver coins. Some years back. If I did not hoard them I would not have had all the money. I been keeping all my change now for some time. But iam been thinning them down now. I gotten rite a lot of 25 cents a dollar coins lately. I will keep all my 1 cent , nickels and 50 cent coins. But now iam going to hoard the dollar coins and keep them so I can trade them in for a gold coin. But with world coins iam not sure what to do with.There is no reason for me to keep the UK small penny extra ones I have. Around 700 of them Or the 150 2p coins I have. And so on. I hate to say it, but I think I have more UK coins in my house than the average UK person does. And Canada is the same. But I mainly get the older stuff of theres. the non-mag stuff. So I think it ok to save. It just comes down to " what works for you"
Apparently 154 copper (pre-1982) pennies make a pound, so as long as the price of copper is over $1.54 per pound then you're going to make money, and if not you can always spend them for what you got them for.
There's numerous people with videos on Youtube about investing in copper pennies and they buy up the $25 boxes from the bank. Of course if you're getting those you would need one of the sorting machines or it's really not worthwhile.
I have several dozen rolls of half dollars minted after 1971 and about 60 Eisenhower dollars that I saved as emergency money in the event that credit cards and checks can't be used because of a disaster. It's good to have a little cash on hand for emergencies.
Quote: "Hello There"
Am I a lost cause?
those all are pre 1982 and post 1958 copper cents. I want to roll them by date and mintmark but the task is overwhelming.
Quote: "blue-m"I have been saving USA 1976 commem quarters and the 04/05 commem nickels, is there really any point in saving these? Their mintage numbers seem to indicate that they are not scarce by any means. If anyone knows someone who really would like them more than me let me know.
Also have about $30 in all copper pennies. A few years back everyone was saving them hoping to make money on the copper content. Your opinions on this please. Should I just spend them or find someone willing to pay a premium on them?
Right now, both of those items are not worth much if anything over face value. However, when State Quarters first became popular, it caused people to become interested in all Washington quarters and the price went well above face for circulated Bicentennial quarters. In the case of copper cents, they were selling for well above face value before the US Government made it illegal to melt them (and nickels) down for their metallic content. Thus, as long as you don't need the money, you might want to hold on to them. I expect the cent to be discontinued at some point; afterward, their value should go up.
If you see a circulating coin that you think is "hoardable", it usually means that thousands of people saw the same thing and that there will be ready supplies of said coin forever.
In Canada, people were hoarding the common 1973 RCMP centennial quarters, but few people paid attention to the low mintage 1991 regular caribou issue (except of course for collectors who knew). Of those who hoarded the 1973 quarters, the only lucky ones are those who happened to hoard one of the rare large bust variety, but if they don't know the difference, this coin is likely to go back into circulation at its face value with the rest of them.
Thanks for the input. Most everyone kind of reiterated my feelings. I think I'll hold on to the copper. It may be worth having as a precious metal. The rest I think will get used at my local coin shop, maybe for some silver coins.
@hello there, my pennies are rolled by the decade and separated by mint mark. Might be somewhere to start instead of rolling by the date.
I don't think it is worth it. These coins were produced in such quantities that they are never going to be worth much. I would put them back "in the wild" and let some other collector have the pleasure of finding them in her change.
The only modern US coins I would consider "hoarding" (and even then I'm talking more about putting aside uncirculated rolls) is the 2009 nickels and dimes. These had the lowest mintages in over 50 years, and *might* be worth something in another 50.
Quote: "blue-m"
@hello there, my pennies are rolled by the decade and separated by mint mark. Might be somewhere to start instead of rolling by the date.
I actually started rolling them by date last summer and gave up...
Quote: "blue-m"
@hello there, my pennies are rolled by the decade and separated by mint mark. Might be somewhere to start instead of rolling by the date.
I actually started rolling them by date last summer and gave up...
That's a beautiful bin! I would just roll them as is. Why separate them? Or sort them in 50 pound lots.
Taking a break from swapping for a while, but still interested in pre 1799 Spanish coins, I will make time for that!
In Euroland the only fun of hoarding is that you can find a lot of types from different countries. It's fun for my kids though. My 6-year-old is delighted to find a coin as old as 1999.
I guess the US, Canada and Switzerland have the privilege of the occasional silver find. And of course in Switzerland one can, at least in theory, find coins from before 1900 in circulation.
