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Replies: 20 / Views: 5,577 |
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Pillar of the Community
United States
593 Posts |
Clad isn't my favorite either. But I manage to save quit a bit and it comes in handy when I cash it in when the jar and need something. My credit union have a counter so I don't have to roll them all. 100$ don't take long to get.
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Rest in Peace
United States
17900 Posts |
You could also trade them in at the bank for more coins to search for silver or errors or other coins of interest.
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Bedrock of the Community
United States
94367 Posts |
Unless they are pre-1965 silver issues, best bet is to just cash 'em in, I agree.
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Valued Member
 United States
108 Posts |
Thanks for the help, I'm probably going to trade them in for more coins to look through. Also cwb is right, I do have another year before I have to do this all over again, so I'll just repeat this every year. What fun! 
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Bedrock of the Community
United Kingdom
17956 Posts |
Personally I'd save the best coins for each date and mintmark and cash in the rest.
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Rest in Peace
United States
7075 Posts |
 That's what I've been doing. It's fun to have a set -- however incomplete -- of coins that I found.
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Bedrock of the Community
United States
10038 Posts |
I am in the process of going over coins like this -- have a ways to go. But its fun finding RPMs etc!
After that mine will be spent for one nicer coin or bullion. Had it been spent on bullion instead of becoming an accumulation, the value of it would not have been lost to such a great degree.
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Pillar of the Community
United States
998 Posts |
The only post-65 dimes or quarters, post-83 pennies or post-60 nickles I save are 2009's (due to the very few I tend to find in circulation) and any extremely good condition older ones.
I also save the first coin I find in circulation for each year and mark the 2x2 with the date I found it.
As others said, scan through the piles for the best coin for each date/mint mark and dump the rest.
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Valued Member
United States
446 Posts |
I do pretty much the same thing as n9jig. However, I don't save pre-1983 cents unless they're red/reddish. Definitely look for silver and 2009 dimes/nickels, and save those. Also, be aware that some ATB Quarters with the S mintmarks may be found in circulation, as well as impaired proofs.
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Pillar of the Community
United States
4809 Posts |
This question comes up a few times a year from new collectors...and old. It's a good question for each of us to ask ourselves at some point. As with others, go through the hoard and keep what's worth keeping...or what you like. Consider the obvious: type, metal content, age. But consider the error and variety coins that might be there. Review error/varieties for each type, date, and mm. Make yourself a list and go through the hoard. I'd even suggest going through it two or three times if you aren't familiar with variety coin hunting. You'll find that you miss some nice coins on the first pass.
Depending on what you are after, you might want to build a nice roll for each date/mm/type. Even though most 60s and 70s mintages were large and the long term appreciation modest at best, you may want to have them just the same. Finding high state 1964 nickels is generally not a tall order, but finding one with full steps is. 1966 Jeffersons in high grade are also difficult to find in circulation. And many 70s Jeffersons likewise. So give it some thought and hatch a plan. Use the input from your fellow enthusiasts here to set your requirements. And perhaps make that a 2017 objective. Good luck on your endeavor.
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Valued Member
United States
110 Posts |
Thank you coinlover. I've looked over my collection/hoard and found a small container of halves. No silver, everything is 1971 or newer. I cashing them in and buying one or two Ben Franklin halves.
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Valued Member
United States
147 Posts |
I think it is up to you to decide what and how you want to collect. The first question is are you a collector or an investor? Up until recently when I added the 70s I kept all prior to 1970. Now I hold on to all prior to 1980 unless it has damage. I keep some 80s and 90s if the grade is high enough. I will keep post 2000 if it is MS. The point is you set your own standards of what you want to keep. If things get to much you can change your methods. No, you are not likely to mass a fortune doing that, but everyone here collects differently. So read the great advice you can get here and do your own thing. I hang on to a lot because I am still learning about varieties and may have some I have not recognized yet. After that I may sort out and spend anything below VF or some other grade.
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Pillar of the Community
United States
2271 Posts |
I'd suggest you buy the cheap Whitman folders and keep the nicest coin of every date and mintmark. Look for nice well made coins with a minimum of wear and no major problems.
Such collections are not only attractive, fun, and very cheap but they are also great as reference collections. Anytime you get a coin that looks a little different you'll have another coin with which to compare it.
Many of the moderns are actually becoming quite scarce in XF and AU condition so collections do have some potential. By spending the rest of the coins (you might want to keep nice duplicates to trade) you won't be tying up your capital in coins being eroded away by inflation.
Time don't fly, it bounds and leaps.
Edited by cladking 12/31/2016 10:20 am
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Pillar of the Community
United States
4211 Posts |
I took a fair share of my recent coins to Coinstar earlier this year. Cashed them in and went shopping 
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Valued Member
Canada
458 Posts |
yes cash the coins in and buy some good coins
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Replies: 20 / Views: 5,577 |
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