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 Replies: 22 / Views: 1,450 |
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Valued Member
United States
168 Posts |
My nearly four-month long drought of finding silver half dollars ended today with a bang. I'm visiting Falmouth on Cape Cod for the weekend. When I called a local bank, the teller told me he had two rolls of half dollars. When he handed them to me I could tell they were in old-fashioned wrappers. Voila! The first roll contained 17 40% silver Kennedy half dollars, and the second roll contained 15 similar coins. Nothing like emptying coins from a roll and seeing lots of silvery edges! These coins contain 4.5 ounces of silver. I found one 1965 coin, five 1966 coins, six 1967 coins, nine 1968 coins, and 11 1969 coins. This unusual distribution ( i.e., the 1969 coins are ~2X more abundant than 1967 coins) suggests they may have been collected during the early 1970s -- when the newer 40% silver mintages probably were more abundant than slightly older ones, and 90% silver half dollars no longer were circulating. Keep trying! I get a "hit" like this two or three times a year.  |
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Pillar of the Community
United States
2910 Posts |
Very nice score! Congrats!
CRH Nickeloholic. 1,600,000 nickels searched in eight years! Have found FOUR complete Jefferson sets!
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Bedrock of the Community
United States
73579 Posts |
Great score!  Errers and Varietys.
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Moderator
 United States
56855 Posts |
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Moderator
United States
34393 Posts |
Quote:
Nothing like emptying coins from a roll and seeing lots of silvery edges! Yes! Well done. "If you climb a good tree, you get a push."
-----Ghanaian proverb
"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
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Pillar of the Community
Canada
9149 Posts |
Congrats |
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Bedrock of the Community
United States
94367 Posts |
Yowza!   |
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Bedrock of the Community
United States
19108 Posts |
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Pillar of the Community
United States
1484 Posts |
Excellent haul! Bullion value well over $4 per 40-percenter!
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Moderator
United States
15381 Posts |
Nice score. |
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Valued Member
 United States
168 Posts |
I returned to the same bank the next day for two reasons. First, I wanted to give the tellers a few Starbucks gift cards. The main teller thanked me for that gesture, but she politely explained that the bank does let tellers accept gifts from customers.
The second reason was to determine if the tellers also had rolls of smaller-denomination coins in old-fashioned wrappers. The same teller explained that once a week all coin rolls (except for half dollars) cashed by customers are turned over to Loomis, and the bank receives new coin rolls wrapped by that company. A teller at the bank where about 18 months ago I acquired three rolls of silver dimes in old-fashioned wrappers recently told me that bank also now does this.
This means that a coin collection cashed at these banks by a customer almost immediately will be mixed with common coins by Loomis or a similar business and redistributed in "diluted" form. In addition, at two local banks that I regularly visit it is difficult to acquire loose half dollars or customer-wrapped rolls because they recently added coin-counting machines and don't allow a customer to purchase the coin bags.
These developments mean it will be more challenging for CRHs like me to find caches of silver coins at banks.
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Pillar of the Community
United States
613 Posts |
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Pillar of the Community
United States
2910 Posts |
Quote:
I returned to the same bank the next day for two reasons. First, I wanted to give the tellers a few Starbucks gift cards. The main teller thanked me for that gesture, but she politely explained that the bank does let tellers accept gifts from customers. That's the general rule of thumb with all banks... you can give things of nominal value like birthday cards, but anything with tangible value, such as gift cards (or actual physical money) is not allowed inside the branch... that said, if you're friendly with a particular teller, there's nothing stopping you from doing something for them outside of work. CRH Nickeloholic. 1,600,000 nickels searched in eight years! Have found FOUR complete Jefferson sets!
Edited by John77
06/09/2024 11:03 pm
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Moderator
United States
56855 Posts |
Doesn't companies like Loomis "filter out" coins before rolling them? Don't they weigh the coins, thereby taking out the silver ones? John1  |
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Moderator
United States
187446 Posts |
Outstanding! |
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Valued Member
United States
168 Posts |
A CoinStar employee I once spoke to while he was removing the bins containing the coins customers had deposited told me the mechanism in that kiosk separates silver coins and deposits them in a separate receptacle. In addition, the company monitors the face value of those silver coins (weighing them, I suppose) -- so he can't simply pocket them and substitute an identical amount of modern coinage (those wascals!). I don't think Loomis efficiently separates silver coins because on teo occasions I have found 2-3 dozen silver half dollars in a $500 Loomis box I acquired at a local bank -- including a few Walking Liberty half dollars. Several CRHs post videos on YouTube showing them opening professionally-wrapped half dollar rolls and searching for silver coins. A few of them find so many silver half dollars that commentators argue they must own the equipment used to wrap them in that manner and "salt" the rolls to increase their audience. I dunno. Some of them show videos being "skunked", while others claim to acquire rolls from banks that contain "double-ender" Benjamin Franklins. If that is true, they are much luckier than I am. What do you think? |
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Replies: 22 / Views: 1,450 |
Posted 06/07/2024 11:54 pm
