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Replies: 53 / Views: 6,224 |
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Pillar of the Community
 United States
850 Posts |
Jack necked. It is real. I was blown away by the find. I never expected to find those. Only the kennedy's were machine wrapped. I plan on keeping them and filling my walking liberty and Franklin half dollars, and whatever is left I will wait to sell when silver goes up. Silver value is more volatile than numistic value for junk silver. I do love tax free profits. Haha
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Moderator
 United States
188709 Posts |
Amazing find. 
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Pillar of the Community
United States
8904 Posts |
THAT, is a score!! Well done! 
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Pillar of the Community
United States
3229 Posts |
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Valued Member
United States
134 Posts |
How about a list and quantities of dates/mintmarks for the Walkers and Franklins?
Jealous, I am. But good for you.
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Pillar of the Community
United States
1158 Posts |
Am I the only one that feel bad for whoever's coins these were? They either got robbed or ignorantly traded in their coins for 1/12 their value. I'm honestly surprised that banks don't have an automatic flag for people trading in large quantities of collectible or silver coins at face value.
Not blaming the OP for doing anything wrong, it is just that something fishy or sad is going on if someone traded in that much junk silver at face. They were all wrapped together which means the person who collected them knew what they were.
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Pillar of the Community
United States
3160 Posts |
no you are not the only one.
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New Member
United States
8 Posts |
As for bank tellers, at my bank they don't seem to care or maybe bank regs keep them from going through the coins but when I ask they often bring out what was brought in recently for me to see if I want
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Pillar of the Community
 United States
850 Posts |
Well also the time to verify each coin roll and count them is a lot of time to safeguard against a missing coin or Canadian coin. Especially if they plan on selling that roll of coins at its intended value. So I can understand how 25 rolls of silver were able to get by tellers. Which is sad but at the same time it gives us roll hunters value knowing that every roll is not verified to be 100% current, non-silver coins.
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Bedrock of the Community
Australia
21788 Posts |
I am a coin collector like every body elese here in the CCF.
If I was also a bank teller, I would intercept all of the silver coins that would come my way, and replace with base metal coins, but I suppose that I would HAVE to tell my manager what I was trying to do.
It is interesting that the U.S. banks do not have any provisions for recovering silver coins, somewhat like the Canadians do, with the recovery of pure nickel coinage.
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Pillar of the Community
United States
1158 Posts |
I get that they can't go through all the rolls, but when both sides of each roll are old silver, it's pretty obvious it isn't a normal drop. I'm sure they at least look at the ends to make sure they are the right denomination. Wouldn't take more than a 5 minute training video to teach tellers what to look for.
Again, I just picture a broke old widow ignorantly cashing in her late husbands' stash, or a druggie who robbed someone and needed quick cash for a fix. Just makes me sad to think about.
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Valued Member
United States
96 Posts |
amazing. you are giving me ideas
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Pillar of the Community
United States
2205 Posts |
A few months ago I received many accolades for receiving a few 40% Kennedys and Ikes at my bank. This puts me to shame!
I was going to say, just because someone is a bank teller doesn't mean they care a whit about coins. (The lady who gave me me the Ikes didn't even know who the person was on the coin.) I was a teller once and we never had any kind of training about rare coins or silver, which means the bank itself didn't care a fig about coins, either. They probably should--it's the business they're in, and I thought it was the government's job to take silver out of circulation.
Edited by jpsned 07/04/2015 11:54 pm
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Valued Member
United States
96 Posts |
jpsned, you are right. with that said, I would like to see a bank's private collecton. there has to be a few guys out there that are keeping them...
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Valued Member
United States
96 Posts |
not to mention the double stamped and other odd coins that people are just in a roll somewhere or someone is buying groceries with. that is part of the essence of the fun in doing this.
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Replies: 53 / Views: 6,224 |
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