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 Replies: 11 / Views: 2,530 |
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Moderator
 Canada
10456 Posts |
During the pandemic, I went through approximately $15,000 worth of nickel dollars, purchased at face value as bulk lots from several dealers looking to get rid of them. To some, it appears to be a maddening exercise, but I have managed to build a pretty impressive collection where a good number of the coins only cost me face value and certification costs with PCGS. While I do have the #1 set, it is the thrill of the hunt that I love with errors or grade rarities. From my 2020 and 2021 searches, I sent about 30 coins to PCGS and got back some really nice grades (most as duplicates), but I do love rolling the dice and hoping for upgrades to my registry set. This last batch, I got two upgrades for my registry: 1968 Doubled Die Reverse: https://www.PCGS.com/cert/438908341981: https://www.PCGS.com/cert/43890846"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Moderator
United States
56855 Posts |
Very nice  John1  |
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Pillar of the Community
Canada
2425 Posts |
Very nice upgrades !
One step closer to perfection !
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Valued Member
United States
493 Posts |
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Pillar of the Community
Canada
3328 Posts |
Very nice, always feels great to upgrade a coin in your aet I have yet to start a nickel dollar collection though I have 8-10. The banks were putting them all aside for me but it's been a while since I picked any up, I grabbed 100 a few months back and ended up bringing them back last month(I had not checked them) been to busy and focusing on sorting out what I have. Even the piggy bank in rolling up for my contest is un searched for varieties or errors. |
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Pillar of the Community
 Canada
9862 Posts |
How many of the coins in your set (or their equivalent) were found as raw coins? At least two that you've shown us here. I doubt that any other top set of Canadian circulation coins contains as many coins found in raw state. A testament to your knowledge of the series and your keen eye. PS. Are you declaring that the pandemic is over or that your hunt is suspended? "Dipping" is not considered cleaning...
-from PCGS website
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Moderator
 Canada
10456 Posts |
Quote:
How many of the coins in your set (or their equivalent) were found as raw coins? Almost all of them were found raw. The only coins I purchased (in ICCS flips) were: - 1973 (Hugh Powell, Torex 2009) - 1974 Double Yoke (Colonial Acres 2016) - 1977 (Colonial Acres 2009) - 1986 (Colonial Acres 2012) Quote:
I doubt that any other top set of Canadian circulation coins contains as many coins found in raw state. Especially with an obsolete coinage. That said, someone could easily tackle a set with the nickel composition 50c (1968 to 2000). I go through those too, and have sold some beauties over the years. Quote:
PS. Are you declaring that the pandemic is over or that your hunt is suspended? The hunt is never over.. . it'll be a while before I get 20+ high grade coins to send to PCGS though. I usually get 1 or 2 coins worthy of that trip per 1000. "Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Pillar of the Community
Canada
999 Posts |
My question is what do you do with all the dollars you go through afterwards? My bank never wants to accept them.
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Pillar of the Community
Canada
2781 Posts |
I have a lot to learn about higher MS coins, to me the '68 has some distracting marks on the rev, and a nasty slash across poor Lizzie's face, but still a 67?
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Moderator
Canada
10456 Posts |
@Wade: those are "rolling marks" from rolling of the planchet strips. They propagate through the rimming of the blank and striking of the planchet. Those "slashes" you see in in the planchet itself, not something that occurred after the strike. Here is an extreme example: https://www.PCGS.com/cert/33950779"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Moderator
Canada
10456 Posts |
Quote:
My question is what do you do with all the dollars you go through afterwards? My bank never wants to accept them. My bank accepts them without question. They get sent out to the Bank of Canada, which in turn probably sends them to the Royal Canadian Mint, which then likely go into the Alloy Recovery Program. Being in Ottawa probably facilitates that. "Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Pillar of the Community
Canada
3328 Posts |
I have often questioned what happens with the nickel dollars that are returned to the bank, there melt value is far below gave value so spending extra money to melt them down. I always assumed they continue to let them circulate Or sell them to collectors for face value.
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Replies: 11 / Views: 2,530 |
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Posted 06/28/2022 06:02 am
