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Replies: 56 / Views: 11,894 |
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Valued Member
United States
137 Posts |
*** Moved by Staff to a more appropriate forum. ***For years, I've seen averages of 2% to 2.5% silver in Kennedy halves. This bag is gonna mess that statistic up. My new favorite teller called to tell me that there was $100 in the bag on the machine, so I should come in. I did. Paid $120 for a partial bag. Contents: 117.00 in half dollars .90 in dimes, quarters, and nickels Of the halves: 11 Franklin halves2 1964 Kennedy halves8 40% Kennedy halves1 1988-S Kennedy PROOF half (not so proof any more) .... so the silver was 8.97% of all half dollars. Way cool. I made about $165 profit on an investment of $120. I can live with that. Trash: One batting cage token One car wash token Foreign 1 old Mexico peso - 1971 1 10 peso coin, Dominican Republic
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Pillar of the Community
United States
1388 Posts |
that's a nice total... I would put the teller on your Christmas card list 
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Pillar of the Community
United States
3546 Posts |
What is the best way to motivate/remind a teller to call you when he/she has some halves or other coins for you to pick through?
I have left my contact info. at a few tellers and it seems that they want to personally hang on to the silver stuff so they never call me.
In summary any help would be greatly appreciated regarding what coins are 'best' to target and what strategy works best to close the deal etc...
thanks, mdpmedia
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Valued Member
 United States
137 Posts |
I don't believe that you will be very effective in getting a teller to call you when she has silver in her tray. I never have been.
I have only had success in buying bags and partial bags off the machine behind the teller row. I've never had success in buying boxes from "downtown."
My deal is that I buy a mocha - or Starbucks gift card - if any teller calls me to tell me that there is 100 bucks or more in halves on the machine. And they call.
I have had no particular luck with dimes, pennies, or nickels off the machine. I've never tried quarters.
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Pillar of the Community
United States
1348 Posts |
welcome and thats a pretty great find
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Rest in Peace
United States
9104 Posts |
I had a teller call with a half bag or so of 90%. An old man brought it in. "I told him he should find a collector, because they were worth more than face value. He didn't want to bother, so I put the money in for them."
In another case, I got a call from a bank manager. Someone brought in some premium currency. The teller put them in the general money, instead of buying them. Another teller grabbed them, and the first realized her mistake.
Since they were the bank's money, and most banks don't allow the bank to get a premium, we came up with a different solution. I bought the notes, the bank got face, and the premium went into the kaughy fund, so everyone shared in the profit.
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Valued Member
 United States
137 Posts |
Next purchase: $61 face value half dollars:
one 1958 Franklin three Kennedy 40% two Mexico 10 Ps coins one mangled penny
Net gain: over $25 bucks on a $61 investment.
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Valued Member
United States
61 Posts |
I am curious how you can get bags to begin with. I have tried & tired, asked many banks and all I can get are the banks to order boxes. None seem to get bags.
Is a credit union an option or something else, or does the Atlanta area just suck for getting bags?
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Valued Member
 United States
137 Posts |
Latest partial bag:
#358 in half dollars
1 X 41P Walking Liberty (AG) 1 X 60P Franklin AU 1 X 63D Franklin AU 1 X 1964D Kennedy 5 X 40 % Kennedy 2 X mangled pennies 2 X car wash tokens
Nice batch, my any measure. 1 X button
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Valued Member
United States
297 Posts |
I guess you have a nice bank. When pickup up my box of halves last month I asked the head cashier what they do with the coins from the counting maching (as I figured better odds of some older person dumping their silver coins to pay the bills) and she said they can't give them to me, they just bag them and send them back to the Federal Reserve.
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Valued Member
 United States
137 Posts |
credit unions are not an option for partial bags. Just banks.
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Valued Member
 United States
137 Posts |
Interesting Week:
One bag of dimes ($500) from a large bank. Result: Two Canadian dimes, neither silver. Two silver Roosies (Both 64)
$402 in Ikes. Results: nothing
$41 in halves. Results: 1x 1964 Kennedy. 1 X 1968 Kennedy
I now have one bank and one credit union saving the "trash" off their coin machines.
Result 1: 25 coins, including 1980's Botswana, over $2.00 face in Canadian (nothing of interest), 18 Pesos Mexico (mix of 10 peso, 1 peso coins) 1 X steel penny, bad shape, 5 cents Euro, 1 X Zambia coin
Second "trash" results: $1.61 Canadian, 1 x car wash vacuum token, 1 X silver St. Genesius medallion (Catholic medallion (Catholic saint of epilepsy).
Working on another bag of dimes. So far, 1 X 1946 Roosie. Working on another
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Pillar of the Community
United States
809 Posts |
For 12545784 time....you guys dont give tellers gifts or cards or donuts...they are just doing their jobs....which they already get paid for. 
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Valued Member
 United States
137 Posts |
I share the wealth (via Starbucks) with the tellers. These aren't public employees. They have a lot of discretion in how they do their job, and most branches won't sell me bags, either because they don't want to be bothered, or because official "policy" (which is not written) is to not sell bags. Oh, I forgot. This week I also got two older one dollar notes (1935 vintage) and a 1922 Peace dollar (which I paid a buck for.) So, be nice to the tellers. I have bought about $100 in Starbucks cards in the past two years, and in that time I have made $750 in profits by picking silver, etc. BTW, all the Mexico coins go to short term teams from our church who visit and support a very nice orphanage in Mazatlan, Mexico. I've given them $35 or so in the past two years.
Edited by Bilboleslie 02/19/2012 02:33 am
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Valued Member
 United States
137 Posts |
Okay, final results next bag of dimes: 1 x 1946 Roosie. 1 x UK 5p 1990
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Valued Member
United States
125 Posts |
I just picked up a full bag of halves today. Doesn't look to promising but I did see a few 40% in there. Let me tell you a bag with $1000 in it weighs a ton. I will post pics and results later. srjmrj you get the bags off of the coin counting machines. My bank will not sell me a bag until it is full. Happy hunting
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Replies: 56 / Views: 11,894 |