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 Modern US Coins

A possible treasure trove?

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hockingzig
Valued Member
USA
397 Posts

Posted 11/06/2009  2:25 pm  Show Profile Bookmark this topic Add hockingzig to your friends list  Get a Link to this Message

One of my students stopped by today and in the course of conversation mentioned he had just inherited a huge jug of coins from his grandmother. He said he was going to dump them at the Coinstar and I said"NO WAY", I told him I would buy them from him at at least face value and he asked why I would want them. I told him what I do and he got interested so, I may be getting a possible treasure trove or at least have gotten another poor soul addicted!

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Gothic Florin
Pillar Of The Community


United States
597 Posts

Posted 11/06/2009  2:38 pm  Show Profile Bookmark this reply Add Gothic Florin to your friends list  Get a Link to this Reply

Keep reeling them in! Another one becomes hooked. It still amazes me how people not only dump coins in coinstar, but will often willingly pay the 8.9% fee to get cash.

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AGCoinHunter
Valued Member


United States
131 Posts

Posted 11/06/2009  2:44 pm  Show Profile Bookmark this reply Add AGCoinHunter to your friends list  Get a Link to this Reply

People basically dont give a crap these days. All they see it the cash and coins are a burdon to most. If you can hook another person into careing thats great. I hope grand-mama stashed coins for 50+ years. Could be a lot of nice silver in there.

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Figman
Valued Member


United States
193 Posts

Posted 11/06/2009  2:46 pm  Show Profile Bookmark this reply Add Figman to your friends list  Get a Link to this Reply

"It still amazes me how people not only dump coins in coinstar, but will often willingly pay the 8.9% fee to get cash."

In this case it's inheritance, easy come, easy go! People wonder why are country is in such economic disaster, no business sense. Are grandparents were from a generation of savings and this is a generation of spending.




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John1
Pillar Of The Community


United States
1321 Posts

Posted 11/06/2009  3:34 pm  Show Profile Bookmark this reply Add John1 to your friends list  Get a Link to this Reply

hockingzig,
Keep us updated on what if anything you find, we like coin photos
John1


( I'm no pro, it's just my humble opinion )
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Ferret552
Valued Member


United States
66 Posts

Posted 11/06/2009  4:02 pm  Show Profile Bookmark this reply Add Ferret552 to your friends list  Get a Link to this Reply

YES! I love pics! Especially from unexpected sources.

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Jays-Dad
Pillar Of The Community


USA
600 Posts

Posted 11/06/2009  6:55 pm  Show Profile Bookmark this reply Add Jays-Dad to your friends list  Get a Link to this Reply

I just see the "one of my students" in the original post. I am a professor at a university and I would NEVER tell my students I collect coins. I "trust" them but.....not something I want to advertise in any way at all. My wife works at a university with a lot of foreign students from a lot of different places and she can get me a lot of interesting stuff, but it isn't worth it to me. Last month she brought me a Jordanian Dinar and thought I'd praise her efforts, but I scolded her! Hmmm.... love the wife's thoughts but....can't go there.

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BadThad
Pillar Of The Community


USA
3969 Posts

Posted 11/07/2009  12:04 am  Show Profile Bookmark this reply Add BadThad to your friends list  Get a Link to this Reply

This is a similar situation that I have with my friend. Basically, all his old stash would have certainly ended up at Coinstar or the like.


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