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Replies: 19 / Views: 2,630 |
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Rest in Peace
United States
9104 Posts |
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Rest in Peace
United States
7075 Posts |
 Gee, I thought I kept all those coins because I was nerdy.
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Pillar of the Community
Australia
7096 Posts |
Imagine roll searching that lot 
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Valued Member
United States
292 Posts |
Roll searching $1M in nickels? Imagining swimming in that stash. :)
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Valued Member
United States
172 Posts |
The idea makes some sense!
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Pillar of the Community
United States
1796 Posts |
Swimming in nickels? Give me a top hat and call me Scrooge McDuck; I'm in! :-)
More seriously, I tend to do a lot of nickel roll searching as it's a fun hobby to do with the kids. However, since the intrinsic value of the nickel went up above its face value, instead of returning our culls to the Coin Star at our bank, I've been hanging onto them.
A little at a time isn't a bad idea, and in the end, I can always cash them in. :-)
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Pillar of the Community
United States
3670 Posts |
Of all coins I like nickels the least....
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Pillar of the Community
Australia
7096 Posts |
Quote: Of all coins I like nickels the least.... I would imagine that you don't mind the war nickles  
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Pillar of the Community
United States
3670 Posts |
Edited by Silverhawk74 03/19/2012 01:15 am
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Pillar of the Community
United States
1454 Posts |
I'm with you, Hawk. I could never get excited about collecting nickels. I've been hearing since 2005 that the nickel value in the coin would make it worth setting aside but how much room would they take up compared to profit margin for storing? Not for me. But I always did want to find a three-legged buffalo. No luck, though.
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Pillar of the Community
United States
3670 Posts |
Yes T that would be amazing, say a nice MS-66 three legged buffalo rainbow toned an graded by PCGS....
Put that up at a dollar start an no reserve and list it for ten days, lol. Just set back an watch it climb into the thousands, if one could even part with such a rare special gem and not one milligram of silver present in that 1937 rare coin.....
I recently heard this cool story here about the steel penny/copper penny 1943....
So a kid had the typical grandparents who hoarded coins an passed them on to him back in early 80's. He went off to college an took an interest in coins an begin to learn about them. He returned home an went through all the change his grand parents passed and low an behold there it was a nice gradable example of a 1943 copper penny, which sold for like in the 100 thousands back then....
So if I am not mistaken, the 1943 penny is the only penny in history forged from steel/zinc, as copper was obviously being re-routed for war efforts, so very few copper penny's were minted. I am guessing just a few hundred started, an perhaps the war broke out and they changed to the steel ones....
I have a nice proof like set of three with Lincoln's image on the pack of three, an a cool history lesson on what I said above....
Edited by Silverhawk74 03/19/2012 3:25 pm
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Pillar of the Community
United States
2120 Posts |
This reminds me of an episode of Family guy where they address the Scrooge McDuck diving into coins concept. Its a bit graphic so I wont post the link. All those Penny / Nickel hoarders are all laughing maniacally right now. muahahahaha 
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Pillar of the Community
United States
1454 Posts |
Awesome story, Hawk. Back in my preteen years in the '70's, my stepfather was a major collector of US coins. The man literally had everything. Every penny, nickel, dime, quarter, etc. from the late 1800's to 1964. It took two fairly large safes to hold it all. I'm guessing he didn't have anything in the one-hundred thousand range, maybe, but he owned a lot of high quality silver. Unfortunately for me, my Mom divorced him and he and I were never close so... no inheritance ;) Anyway, years later, my mom told me that he bought the vast majority of his collection from a elderly neighbor woman who had no idea of its value, as her husband was the actual collector, and she was in dire straights after his sudden passing. I guess the stagflation of the '70's was tough on people with a fixed income. Long story short, he paid a couple grand for a silver horde worth, well, at least 50K, easy. But now that I'm the age he would have been when he made the transaction (highway robbery), I realize he swindled her and hopefully, he never enjoyed the fruits of his lack of labor. I'm sure there's a special place in Hades for people who prey on the gullibility of little old ladies.
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Pillar of the Community
United States
4008 Posts |
Quote: I am guessing just a few hundred started, an perhaps the war broke out and they changed to the steel ones.... The story that I read years ago on the 1943 copper pennies was that they were switching over to the steel/zinc pennies and just ran off whatever copper was in the machine on the day of the switch. That makes sense to me, although not that the director of the mint did not collect those copper pennies and have them included in with other copper that was going to the smelter. Not sure how many pennies that machine could make at one time but a couple of dozen or less seems reasonable when you consider just how fast stamping machines like this can run. However many actually got made, only half a dozen or so have been found and authenticated. Naturally, fakes abound.
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Rest in Peace
 United States
9104 Posts |
Quote: The story that I read years ago on the 1943 copper pennies was that they were switching over to the steel/zinc pennies and just ran off whatever copper was in the machine on the day of the switch. That would be a huge breach of QC. Far more likely some blanks got stuck or tossed into a bin that they shouldn't have.
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Pillar of the Community
United States
4008 Posts |
Quote: That would be a huge breach of QC. Far more likely some blanks got stuck or tossed into a bin that they shouldn't have. That WAS a government operation, right? Would an error of that type be so terribly surprising? Not to me. Yes, what you suggest could have happened but it is not likely that we will ever know for sure. Anyone who did know exactly what happened is probably dead by now.
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Replies: 19 / Views: 2,630 |