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 Replies: 14 / Views: 2,014 |
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Pillar of the Community
527 Posts |
Today when I went to the bank, I bought $10 in nickels, and as I walked by the coin counting machine, I noticed so many coins in the coin reject area. They were almost all dimes and nickels, with no quarters and a few pennies in the mix. There were no keepers in there except for a 1964 silver dime!  I put the coins in a CoinStar machine (for free) towards an Amazon.com gift card. I think there was around $8 in change that I found in that tray. I didn't count because I mixed the coins in with the coins in my cup that I keep in my car. As for the $10 in nickels I bought, I only found about 6 worth keeping: 1940P, 1957P, 1962, 1963, 1965 and 1967. Last week, I bought 20 War Nickels off ebay for exactly $29.00. That's an average of $1.45 per nickel, which is below the spot price of silver.  And finally on Sunday, I won three different auctions by the same guy. He was offering in each auction 3 "unsearched" rolls of old Jefferson nickels dated 1938-1959 and guaranteed at least 1 silver in each auction. The total was $53.49 for all 3 auctions for an average of $0.15 for each nickel. I emailed the guy to ask if these are really unsearched, and he said to check his feedback (100%) and said he included 6 silver nickels in the mix. They have yet to arrive, so when they arrive, I will upload the results. |
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Pillar of the Community
United States
580 Posts |
Good stories but I have one question. If the rolls are un-searched, how can he guarantee that each roll come with one silver?
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Bedrock of the Community
United States
10635 Posts |
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Valued Member
Australia
278 Posts |
i think thats why he added the " before and after the word unsorted.
I assume he is taking that with a seeded grain of salt.
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Pillar of the Community
United States
3345 Posts |
Found 95 cents worth canadian in the magnet on the coin counter yesterday.  |
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Valued Member
United States
132 Posts |
Wonderful stories! Congrats on the finds and the below spot steals!
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Valued Member
United States
134 Posts |
"unsearched" but they know what dates they are?
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Pillar of the Community
 527 Posts |
My nickels arrived today and I've skimmed through them. The guy who sold them to me was true to his word that they were dated 1938-1959. Not a single nickel was dated 1960-2011. There were no nickels dated 1938 or 1950, but that shouldn't be a surprise due to the scarcity of those dates. There were 8 1939's but they were all mint markless (Philadelphia). There were no War Nickels in the "unsearched" rolls, but he included them in a small, yellow envelope. The seller technically lied when he said he shipped me 6 War Nickels, he shipped me 7 of them! 1943 P (x3) 1943 S 1944 D 1944 P 1945 P (x2) I will try to upload the rest of my finds later today or maybe sometime later this week. |
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Pillar of the Community
527 Posts |
I must say I was pleasantly surprised because some of the coins I got have some low mintage numbers. For example, having all those 1957 P's would make you think they were minted in the hundreds of millions, but they weren't. Here's the best part: I didn't get a single 1957 D and yet that has a much bigger mintage number (136,828,900!) Likewise for the 1959 P's. I didn't get a single 1959D and yet, that mintage number is at 160,738,240. Here are my tallies from this ebay lot: (an asterisk means under 100 million and the () is the mintage of that particular coin): Also, I miscounted when I said I got 7 War Nickels instead of 6. I actually got 8! 1939 P x8 1940 P x8 1940 D x10* (43,540,000) 1940 S x20* (39,690,000) 1941 P x10 1941 D x14* (53,432,000) 1941 S x6* (43,445,000) 1942 P x16* (49,789,000) 1942 D x1* (13,938,000) 1946 P x6 1946 D x19* (45,292,200) 1946 S x1* (13,560,000) 1947 P x9* (95,000,000) 1947 D x4* (37,822,000) 1948 P x2* (89,348,000) 1948 D x14* (44,734,000) 1949 P x7* (95,000,000) 1949 D x5* (36,498,000) 1951 P x30* (28,552,000) 1951 D x3* (20,460,000) 1952 P x4* (63,988,000) 1952 D x10* (30,638,000) 1953 P x17* (46,644,000) 1953 D x11* (59,878,600) 1954 P x10* (47,684,050) 1955 D x9* (74,464,100) 1956 P x27* (35,216,000) 1956 D x8* (67,222,940) 1957 P x52* (38,408,000) 1958 P x1* (17,088,000) 1959 P x19 (27,248,000) |
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Pillar of the Community
527 Posts |
What do you guys think of these finds? Did I get a good bargain, get ripped off, etc.?
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Bedrock of the Community
United States
20753 Posts |
Quote:
What do you guys think of these finds? Did I get a good bargain, get ripped off, etc.? As already well noted if they are UNSEARCHED, how would anyone know what they are? Never, ever, never, ever think anyone on Earth is selling UNSEARCHED coins. NO SUCH THING. And if you just went to banks and purchased lots and lots of rolls or boxes of Nickels, you would probably come out the same. Jefferson nickels are so abundant in change that many kids almost fill entire Folders with them from change. |
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Pillar of the Community
527 Posts |
Carl, that's one of the reasons why I put quotation marks around the word unsearched. The guy told me via email that he had the rolls for over 25 years, so there's the chance that he remembers back in the day having nickels dated 1939-1959, but doesn't remember what exact dates and mints. I see where you're coming from, but I wouldn't go and say that nickels dated 1939-1959 are still very abundant in chance. Yeah I do think there's still a good amount out there if you keep a close eye, but the older dated ones are constantly disappearing.
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Pillar of the Community
United States
666 Posts |
If you're happy with the results then I don't think you were ripped off. That said it's not a deal I would have gone for.
Before starting a box of nickels I'll buy folder #2 and folder #3 of the Harris Jeffersons. Generally searching through one box I can fill out 95% of those 2 folders. I also pull out any pre 1958 nickels and will generally find somewhere around 1 roll of pre 58's per box.
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Pillar of the Community
527 Posts |
What kind of folder is a "Harris" anyways?
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Pillar of the Community
United States
7629 Posts |
Quote:
Good stories but I have one question. If the rolls are un-searched, how can he guarantee that each roll come with one silver? Simple...pull a coin off the end of each roll and stick a War Nickel in it's place. Unsearched and guaranteed to contain a War Nickel. I am NOT saying this is what the seller did, but the explanation is very elementary. |
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Replies: 14 / Views: 2,014 |
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Posted 10/20/2011 01:55 am
