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 Replies: 22 / Views: 3,546 |
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New Member
United States
17 Posts |
looking through these forums, I was struck with this question: do any of you have a stockpile of coins, like rolls of old coins or bags of wheats or something like that?
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Valued Member
United States
183 Posts |
it probably depends where you draw the line at stockpile, but I am sure some people in this forum have 10k+ worth of numismatics/metals.
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Valued Member
United States
287 Posts |
Quote:
do any of you have a stockpile of coins, like rolls of old coins or bags of wheats or something like that? why? |
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Pillar of the Community
United States
1064 Posts |
LOL - don't leave your address!
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New Member
 United States
17 Posts |
by stockpile, I mean at least 20 rolls of coins. I'm just curious to see if anybody keeps all of the coins they find or if they just search for dates to complete a set and then take the others back to the bank.
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Moderator
 United States
14463 Posts |
I keep a jar for pocket change, then roll coins every so often. But I am sure you are not talking about that.  |
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New Member
United States
17 Posts |
what I'm trying to say is, does anybody say "hey, I'm gonna keep all of the coins minted before a certain date and put them up". I'm working on making rolls of each date and mint mark of pre-1982 pennies. I'm curious if anybody else does stuff like this.
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Pillar of the Community
United States
4897 Posts |
Yes,many people make roll sets.  Healthy skepticism here though...nothing against you it was just a curious way to ask a question... |
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Pillar of the Community
United States
4897 Posts |
Don't stop at 1982 though. Some of the Zincolns in higher grades are gonna be a better set down the road...IMHO of course!
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New Member
United States
17 Posts |
i was having a hard time trying to explain what I was asking
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Moderator
United States
14463 Posts |
I have seen posts of different people keeping from US coins: every pre-1982 cent, any LWC, most roll searchers pull all silver coins, I saw one keeping rolls of Jefferson nickels. There are about as many different people that stockpile as there are different coins. |
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New Member
United States
17 Posts |
personally, I keep all of the pennies I search through and try to make rolls of all of them.
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Bedrock of the Community
United States
10284 Posts |
Quote:
i was having a hard time trying to explain what I was asking Maybe you meant do we hoard coins to later make money by selling them at a profit? I have maybe $100 into uncirculated rolls of same date nickels from the last decade. I did it just to go through them at some point and pick out a few MS67 MS68 and MS69 ( if I'm lucky ) coins maybe and have not messed with them yet. I am backed up in trying to work on other coin projects at the moment. One thing I wish I had done was when I finally saw 2009 P and D nickels hit a number that I was willing to pay, (and they were crazy) I bought a roll of each. My timing was pretty good. Those nickels leveled at around $20 a roll from starting out at way over $100 and they stayed low for awhile. I wish I would have bought maybe 6 rolls of the P mints at the low price because they went back up a lot since I bought them. At the time when they were at the lowest tho, I said they were still crazy high. Oh well? It's still a mystery where the bulk of those minted in 2009 are all at? Either they are in speculators/investor hands or still being stored in some Federal Reserve vault. I dunno? They don't get found very often though. I think everyone likes to grab some newly minted coins in some quantity when they first come out, we really don't know what the situation might be right away. I also know of a few collectors who try to put together one full roll of every coin in a series and this way they have a roll set. Edited by TNG
05/25/2011 11:48 pm
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Valued Member
United States
284 Posts |
Sleepy,
I think the responses may have been somewhat reluctant because I don't think anyome who does have a stockpile wants to advertise it. That's like a big neon sign hanging on their front door: "Rob me - not him!"
There are lots of people who hoard copper pennies as a form of bullion. Likewise, there are many forum members who stock up on precious metals.
I am not a hoarder myself mostly because it's not my style and I don't feel like locking up so much currency. 10,000 pennies is still $100. I think I would rather use that as daily spend money or, even better, add something unique to my collection.
-- Boris
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Pillar of the Community
United States
4897 Posts |
I know wheezy! I missed the boat on the 2009 Nickels! In fact they are the only ones missing from my rollsearch set (oh the 1950 D too) BTW. If you find any of those MS79's I'd love one! |
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Pillar of the Community
United States
737 Posts |
I have a plastic container of dated rolls that I have yet to go through. Mostly pennies and I'm guessing around 100 rolls. The same goes for a few rolls in each other denomination. Also have some uncirculated (all the same year) rolls from the bank.
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Replies: 22 / Views: 3,546 |
Posted 05/25/2011 10:21 pm
