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modern nickels?

Started by Lastufka Collection,

13 posts in this topic

Lastufka Collection

Lastufka Collection

Posted
Posted

I started a Westward Journey set in my collection. I'll be the first to admit that my grading skills are at "amateur" status right now, so I only buy NGC coins for now. (I'm learning, though!)

 

I'm having a difficult time finding any business strike nickels for sale in the westward journey series, so I decided to take a look at the population report on modern nickels... it's low. Really low.

 

Are there no modern nickel collectors? Some modern nickel years have populations as low as EIGHT total graded coins in MS from one mint or the other.

 

I realize they are modern, and clad, but I didn't think the coin collecting community was *that* small. Is there some modern nickel shunning campaign I'm unaware of? =)

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cpm9ball

cpm9ball

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Alan,

 

First, welcome to the neighborhood!

 

I liked the designs of the Westward Journey collection so much that I went on a buying binge, both at the Mint and elsewhere. I still have 20,000 of these nickels, 2004-2006, in Mint rolls & bags, OBW rolls and tubes.

 

It was interesting to note that the 2004-P which I was transferring from bags to tubes were so bad that the rims snagged my cotton gloves and would actually dangle from them.

 

This is a little off-topic, but I was engaged in a discussion with another collector who thought that, with the demise of the "satin finish" for 2011, there would be more MS69's coming out of the business strikes. Of course, I don't think that this is likely, but out of curiosity, I checked the NGC Census for the 10-year period, 1995-2004, and I learned that for all denominations (1c-$1) there have been only 329 - MS69 business strikes graded. Of these, there has been only one of the 2004 Westward Journey nickels.

 

My point is that you will probably have to start searching bags and rolls to find some of the elusive high grades.

 

Chris

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coinman_23885

coinman_23885

Posted
Posted
I started a Westward Journey set in my collection. I'll be the first to admit that my grading skills are at "amateur" status right now, so I only buy NGC coins for now. (I'm learning, though!)

 

I'm having a difficult time finding any business strike nickels for sale in the westward journey series, so I decided to take a look at the population report on modern nickels... it's low. Really low.

 

Are there no modern nickel collectors? Some modern nickel years have populations as low as EIGHT total graded coins in MS from one mint or the other.

 

I realize they are modern, and clad, but I didn't think the coin collecting community was *that* small. Is there some modern nickel shunning campaign I'm unaware of? =)

 

I would add PCGS to your list as well; I would definitely stick with NGC and PCGS.

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nunfa0

nunfa0

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Posted

I don't think there is a campaign to avoid collecting modern nickels, it's more like people haven't found any joy in the series yet. Just think of all of those hidden gems waiting for you to find them.

Oh and welcome to the boards :hi:

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Lastufka Collection

Lastufka Collection

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Hey guys, thanks for the responses.

 

nunfa0, I do look forward to building this set, and the fact that it's not a flooded or "hot" set to collect I think makes it even more fun.

 

Chris, I love roll searching for silver, but searching for raw coins to submit would cost me a fortune in submission fees to learn how to grade. I hope eventually I can get to the point where I can recognize a MS65 from a MS67, but that time is not right now. =)

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cpm9ball

cpm9ball

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.......but searching for raw coins to submit would cost me a fortune in submission fees to learn how to grade.

 

It would only cost you a fortune if you submitted the wrong ones. doh!:devil:

 

If you haven't already, you should consider getting one of the books on grading like ANA Grading Standards for United States Coins.

 

Chris

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cladking

cladking

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People are starting to collect moderns in other countries but it's their own moderns and it hasn't caught on here yet.

 

In the meantime there are still lots of bargains out there for people willing to learn what's scarce and what's common.

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James Mayer-migration

James Mayer-migration

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People are starting to collect moderns in other countries but it's their own moderns and it hasn't caught on here yet.

 

In the meantime there are still lots of bargains out there for people willing to learn what's scarce and what's common.

 

 

Well look what it would cost to buy every issue from 2010, its around 18k

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Conder101

Conder101

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I know nickels have never been greatly loved, but I find it hard to believe there are years (except maybe the current one and even that is hard to believe) where there are only 8 MS graded coins. Eight in a particular high grade maybe, but not eight total.

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cpm9ball

cpm9ball

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I know nickels have never been greatly loved, but I find it hard to believe there are years (except maybe the current one and even that is hard to believe) where there are only 8 MS graded coins. Eight in a particular high grade maybe, but not eight total.

 

If it wasn't for the fact that searching coins smaller than a half dollar gives me terrible headaches, I sure would be searching the 20K business strikes that I have for 2004-2006.

 

Chris

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cladking

cladking

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People are starting to collect moderns in other countries but it's their own moderns and it hasn't caught on here yet.

 

In the meantime there are still lots of bargains out there for people willing to learn what's scarce and what's common.

 

 

Well look what it would cost to buy every issue from 2010, its around 18k

 

Historically people concentrate on circulating coinage and leave special issues and proofs to specialists. All the circulating coinage made since 1965 (still circulating) would cost only a little over $50 to assemble. It's getting more common for people to assemble such sets but it's still very few compared to the older series. Most of the collectors of the later coins are beginners or intermediate collectors and very few advanced collectors pay any attention to these.

 

Now days people do pay more attention to some special issues as well as major varieties and higher quality coins but the cost of collecting the circulating coinage remains nominal dependent on one's goals and means.

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Buffalo Head

Buffalo Head

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Well, seeings how ya asked. I own a big fat cigar box full of the Westward journey mint rolls the Peace medal or Hand shake, Keel boat, and last but not least Buffalo nickels from 2005. I have a few rolls of the return to Monticello but these are my least favorite of the short series. I love nickels and Nickels are still of the same alloy as they were back in 1866. I also have some Whitman coin albums with only Westward Journey nickels from mint rolls and have taken on some really pretty color.

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