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Junk Bin Silver Finds

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nalaberong's Avatar
Canada
2805 Posts
 Posted 04/11/2013  10:54 pm Show Profile   Bookmark this topic Add nalaberong to your friends list Get a Link to this Message Number of Subscribers
I always check bulk world coin bins at my local shop - they're constantly moving and replenishing, and they aren't closely checked so I've found a surprising amount of silver in them. The key is to recognize silver immediately and think on your feet.

So, here are my finds so far:
- 1956 1 gulden, Netherlands, 0.15 ASW, 20 cents (5/$1 bin)
- 193? (worn) 1 shilling, Ireland, 0.14 ASW, 20 cents (5/$1 bin)
- 1906 1 mark, Germany, 0.177 ASW, 8 cents (12/$1 bin)

Almost half an ounce for under 50 cents is pretty good. Has anyone else had success with this method?
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argentum's Avatar
United States
1195 Posts
 Posted 04/11/2013  11:07 pm  Show Profile   Bookmark this reply Add argentum to your friends list Get a Link to this Reply
Nice going! Trick there is having all those cutoff dates memorized, too much head-space required for me.
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nalaberong's Avatar
Canada
2805 Posts
 Posted 04/11/2013  11:30 pm  Show Profile   Bookmark this reply Add nalaberong to your friends list Get a Link to this Reply
Maybe, but I've had luck with old dates, large denominations, and toning. If you have a good eye for silver tone, you should be able to spot silver regardless of year - and lots of wear can also indicate silver.

The gulden was pretty toned when I got it - the guy at the counter noticed it right away but sold it to me regardless. I later learned the date is prior to 1967, but the colour was a dead giveaway.

The shilling was heavily worn and had a touch of yellow-brown. The colour seemed to be natural toning and it was a 193? shilling, so I guessed it would be silver from the wear and the date - the colour on that one was pretty subtle and didn't catch my eye at first.

The 1 mark is in good condition with weird toning. Most of it is light gray that looks uncleaned, but at the bottom (in the wreath) is a lovely faint red-and-green. I bought it right away because it's early German (I always pick these up, especially a 1906!), the colour was truly beautiful, and it looks pretty high-grade. I was pleasantly surprised to look it up and find its silver content later on - for all I knew, the toning was just a stain from 100+ years of being exposed to who-knows-what.

Of course, only buying underpriced silver is a terrible customer thing to do, so I also pick up interesting world coins. Another great find: AG-3 slightly impaired British 1826 half penny, it's been deeply dented once but so long ago that it's smoothed over and toned up with the rest of the coin. Always look in bulk bins!
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sel_69l's Avatar
Australia
21786 Posts
 Posted 04/12/2013  01:20 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
nalaberong: You have done well; I don't have that sort of luck any more.
Silver in junk bins is scarce these days, and is usually above melt value.

Decades ago when silver was cheap (i.e. below $5/ oz), I was grabbing World silver from 17th 18th & 19th centuries in the range of $1 to $5 apiece, depending on the condition and size of coin.

The couple of hundred or so coins acquired in this manner have long since graduated to the formal part of my World collection.
Both their silver AND their numismatic value have risen by a factor of multiples since then. Most of these coins were acquired over a period of 10 years or so.
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CGCoins's Avatar
United States
797 Posts
 Posted 04/12/2013  09:35 am  Show Profile   Bookmark this reply Add CGCoins to your friends list Get a Link to this Reply
Awesome Buys! I've gone through 2 places with Bulk foreign and have gotten ALOT of silver. Whats crazy is its a major coin shop, and a guy who specializes in PMs. Found Everything from oddball silver(Princely States, New Guinea, etc) to pretty blatant things like Canadian Quarters and Dimes.
Valued Member
United States
104 Posts
 Posted 04/12/2013  6:58 pm  Show Profile   Bookmark this reply Add meagan1823 to your friends list Get a Link to this Reply
Is there a general cut off date for silver?
I so far have not been very good at trying to find silver. I picked up a couple of pieces that I thought might be silver but alas no luck. Maybe I just don't have an eye for it.
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nalaberong's Avatar
Canada
2805 Posts
 Posted 04/12/2013  8:31 pm  Show Profile   Bookmark this reply Add nalaberong to your friends list Get a Link to this Reply
The 1950s or 60s (British Isles are a bit earlier, '47 for the UK and '45 for Ireland) are a good general date to go by. Turn-of-the-century stuff is usually a good bet - but of course, I've found lots of "duds" too (most are still nice coins though). One was a Portuguese escudo from 1921 that had been heavily worn: it was cupronickel, but then I had been looking at soft V-nickels for a while before checking the junk bin so I had a bit of a precedence towards worn gray coins. Still a nice old addition to my collection!

I've also checked the American 90% wholesale bin (28x face for everything, yikes). At those prices I stick to older coinage. So far I've found a G-4 slightly bent at the rim 1883 Seated dime and a 1907 Barber dime: I was happy to get both.
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nalaberong's Avatar
Canada
2805 Posts
 Posted 05/06/2013  9:36 pm  Show Profile   Bookmark this reply Add nalaberong to your friends list Get a Link to this Reply
4 War Nickels for $1 today :)
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joecoin85's Avatar
United States
325 Posts
 Posted 05/07/2013  1:10 pm  Show Profile   Bookmark this reply Add joecoin85 to your friends list Get a Link to this Reply
I haven't had any luck in junk bins. I'll have to try to find something silver. I go to one coin ship and the owner has a silver testing kit so it'd be hard to fool him but maybe he doesn't test all of his coins. I know another local shop I can try too.
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nalaberong's Avatar
Canada
2805 Posts
 Posted 05/08/2013  11:27 pm  Show Profile   Bookmark this reply Add nalaberong to your friends list Get a Link to this Reply
Checked the $2 each bin, where high face value and uncirculated world coins go. Found a 1937 Swedish krona and a 1929 Luxembourg 5 francs, coming to .3 ounces for $4.
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allranger's Avatar
United States
1391 Posts
 Posted 05/08/2013  11:57 pm  Show Profile   Bookmark this reply Add allranger to your friends list Get a Link to this Reply
I got an Irish shilling for Twenty Cents a while back. Seemed pretty good to me.
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silvermetalcoin's Avatar
Canada
7 Posts
 Posted 05/09/2013  03:57 am  Show Profile   Bookmark this reply Add silvermetalcoin to your friends list Get a Link to this Reply
wow awesome haul. I found a $60 2005 RCM issue for $35 at a pawn shop the other day...
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nalaberong's Avatar
Canada
2805 Posts
 Posted 05/15/2013  11:37 pm  Show Profile   Bookmark this reply Add nalaberong to your friends list Get a Link to this Reply
Another silver krona, exactly like the other one but cleaned and 10 years older. I got it for $2, along with three other coins: a 1927 cent (not rare, but I was missing it), a 1900 1 cent from the Netherlands, and an 1884 20 rappen from Switzerland. I was convinced that the 20 rappen was silver (it was old, it had some fairly convincing tarnish in the crevasses too, and it was reasonably small), but my hopes were dashed when it stuck to a magnet. Still, a neat old coin. I didn't know they were using pure nickel in the 1800s! It even has nice high relief. Definitely a good example of what you can do with nickel if you try.
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nalaberong's Avatar
Canada
2805 Posts
 Posted 05/16/2013  10:17 pm  Show Profile   Bookmark this reply Add nalaberong to your friends list Get a Link to this Reply
Found two bimetallic silver 10 pesos in my world coin bag. I forgot they existed, and I'll bet most other people this far north did as well. Definitely a new junk-bin target.
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nalaberong's Avatar
Canada
2805 Posts
 Posted 05/22/2013  10:03 pm  Show Profile   Bookmark this reply Add nalaberong to your friends list Get a Link to this Reply
Wow! What a haul! I found this huge silver piece for only 1/12 dollars!!
Junk-Bin-Silver-Finds
Just kidding, it's tiny. At .620, it even manages to hold less silver than a pre-1922 5-cent piece, which is quite the feat.
Junk-Bin-Silver-Finds

But still, the price was right. Here's my current silver stack. It's cost me a total of $6.57 so far, and I think it's over an ounce. I'll count later.
Junk-Bin-Silver-Finds

And don't forget my mark! It was so nice I put it in a 2x2. The red on the bottom is actual toning (or actual paint, but I'm optimistic that I found a nice rainbow tone for once). Got a grade for it?
Junk-Bin-Silver-Finds
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nalaberong's Avatar
Canada
2805 Posts
 Posted 05/26/2013  7:17 pm  Show Profile   Bookmark this reply Add nalaberong to your friends list Get a Link to this Reply
All right, I did the math and found out that I now have 1.3562 ounces (not counting wear) of silver for $6.57, or $4.84 per ounce.
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