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Put another nickel in?
May 29, 2014

Hoarding cents was my topic yesterday and that put me in mind to write about hoarding nickels.

There are still some collectors out there who are looking to profit from their nickel holdings when it becomes legal to melt them again.

They began their quest when the price of the metal was far higher than it is today, back in the 2006-2008 period.

Present value of the 5-cent coin is just below five cents, so there is no profit to be obtained from melting them.

Rather than continue to hold them, it would be far better to take the coins to the bank and get folding money for them.

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About the Author
David C. Harper has been a coin collector since 1963. He joined the Krause Publications editorial staff in 1978 and is currently editor of Numismatic News and World Coin News. He also edits two books annually, North American Coins & Prices and Coin Digest. He is the author of the Class of '63 column that runs each week in Numismatic News. His first bylined numismatic article appeared in the June 1971 issue of Coins Magazine and his various Krause Publications assignments included a stint as editor of the magazine 1980-1983. Harper received a bachelor of science degree from the University of Wisconsin-Oshkosh in 1977. He had a double major of journalism and economics.

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