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 Replies: 38 / Views: 3,557 |
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Pillar of the Community
United States
2917 Posts |
Quote:
If examining each coin for one minute each, and with other associated activities,
it would take over 8 years of 8 hour days / 250 days per year. I'm pretty sure the vast majority would spend more like an average of one second on a coin than a full minute - most of us here are date/type collectors... I've searched though well over 2 million coins total (including more than 1.5 million nickels) over the past seven years and it hasn't made a dent in my ability to have a social life at all. Quote:
To me, Ontario, CA makes it much more dramatic.
I totally agree, Coinfrog. You have to figure there are a lot of S-mint Memorial cents in there... something like a 1969-S DDO cent possibly could be lurking. You never know. https://www.PCGS.com/coinfacts/coin...erse-rd/2923CRH Nickeloholic. 1,600,000 nickels searched in eight years! Have found FOUR complete Jefferson sets!
Edited by John77
06/09/2023 10:50 pm
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Valued Member
Canada
402 Posts |
https://www.theguardian.com/us-news...pper-penniesA million good lucks: California family finds over 1m copper pennies ........ Cleaning out a house for renovation can oftentimes produce some unsavory surprises, but a family in Los Angeles got lucky - a million times over - with one of their finds. John Reyes, a realtor in the Inland Empire area, was helping his wife, Elizabeth, clean out her father's 1900s-era home last year when they discovered more than 1m copper pennies in a cramped crawlspace in the basement, according to KTLA news. The trove has a face value of at least $10,000, but could be worth more than $1m.
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Pillar of the Community
United States
4233 Posts |
I saw a similar article on USA Today. Where on earth did they get the $1M valuation? Their asking price is $25k, so that's based on the copper value, but then someone will have to sit on them hoping one day it will be legal to melt them, or do it illegally. Maybe start an "unsearched rolls" store on ebay, 20,000 in stock. |
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Pillar of the Community
Russian Federation
5174 Posts |
In Los Angeles? This old? You'd expect there'd be some 1908-S, 1909-S and 1909-S VDB showing up in there. Probably some other rare S mints as well. Maybe some scarce early IHC dates. Would it be worth 25k? I doubt it, even with that. I'd be surprised if they have any takers. EDIT: count me in as assuming they drove it all the way to the other Ontario CA, and I'm a little worried that the bank bags would mostly just all be red coins from the same LMC date. But I hadn't thought of the 1969-S DDO and that could definitely show up in there (if the accumulation isn't older than that, at least). Edited by january1may
06/10/2023 01:24 am
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Moderator
 United States
54282 Posts |
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That $100 grand could have been invested much more prudently. 1,000,000 cents equals $10,000, Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here) |
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Bedrock of the Community
United States
94367 Posts |
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Moderator
United States
96935 Posts |
A great example of why to NOT hoard copper cents.
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Pillar of the Community
United States
3207 Posts |
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Valued Member
United States
243 Posts |
I wonder if the back story is true or will the bags include a bunch of newer cents?
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Valued Member
United States
275 Posts |
 I couldn't believe it when I saw the new and the newspaper Headlines! It has to be some very valuable pennies in that find!! That probably would be at least 900,000 posts on here about errors and varieties just from those pennies. Lol! I would have a field day!! |
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Pillar of the Community
United States
1648 Posts |
CoinWorld had an update: https://www.coinworld.com/news/us-c...n-california ...prompting more than 100 offers to buy the hoard, including from interested purchasers overseas. The agent, John Reyes, told Coin World June 12 he was meeting with one of the interested buyers that day to seal a deal. Reyes said the prospective buyer, from northern California, had submitted an aggressive bid to remove the sealed cloth bags, boxes of rolled coins and crates of loose coins comprising the hoard from the home. Reyes said the exact acquisition cost for the cents is not being disclosed, but is many multiples of the face value. (Face is about $10,000)
Edited by datadragon
06/16/2023 11:40 am
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Moderator
United States
189053 Posts |
An interesting update!  |
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Bedrock of the Community
 United States
25397 Posts |
WOW! My only question is WHY? Granted, uncirculated rolls may be worth a buck or two, but IIRC this guy started buying these cents in the early '80s.
Inordinately fascinated by bits of metal with strange markings and figures
Edited by HondoB
06/16/2023 1:45 pm
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Valued Member
United States
125 Posts |
I think all US coin hoardes are fascinating. Reminds me of LaVere Redfield, Howard Hughes and the witch of Wall Street - although this story is only worht a few thousand dollars or so. I'm doing my best to trump those Hall of Fame Hoarders though :).
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Pillar of the Community
United States
2917 Posts |
Quote:
WOW! My only question is WHY? Granted, uncirculated rolls may be worth a buck or two. A buck or two? A roll of pretty much any copper date is worth well more than a dollar or two... For example, I just sold an OBW of 1968-P LMCs on ebay for $12. CRH Nickeloholic. 1,600,000 nickels searched in eight years! Have found FOUR complete Jefferson sets!
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Replies: 38 / Views: 3,557 |
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Posted 06/09/2023 11:42 pm
