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Bigcmcg


Registered: 01/14/12
Posts: 548
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Coin Collectors
#19301695 - 12/20/13 07:20 AM (10 years, 1 month ago) |
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Wasn't sure where to post this I rarely post outside the market. But are there any coin collectors out there? I'm just getting into it and figured why not try my fellow shroomites.
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psi
TOAST N' JAM


Registered: 09/05/99
Posts: 31,456
Loc: 613
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Re: Coin Collectors [Re: Bigcmcg]
#19301786 - 12/20/13 07:59 AM (10 years, 1 month ago) |
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I used to do a lot of coin roll hunting, but I haven't for a while.
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Bigcmcg


Registered: 01/14/12
Posts: 548
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Re: Coin Collectors [Re: psi]
#19301852 - 12/20/13 08:29 AM (10 years, 1 month ago) |
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That's what I am doing now but seems like most have been picked thru. Not sure where else to look aside from buying from dealers which defeats the purpose for me.
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psi
TOAST N' JAM


Registered: 09/05/99
Posts: 31,456
Loc: 613
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Re: Coin Collectors [Re: Bigcmcg]
#19301893 - 12/20/13 08:40 AM (10 years, 1 month ago) |
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Yeah you need to do a lot of volume to find anything interesting. Banks usually have no problem selling boxes of coins (50 rolls for most denominations) if you have an account, but finding a place to take them back can be a hassle. Ideally you take them back somewhere with a free coin counter.
I can relate to not wanting to buy from dealers, expensive graded coins don't interest me (plus I'm very cheap.) It can be fun picking through the silver "junk bin" though.
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Bigcmcg


Registered: 01/14/12
Posts: 548
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Re: Coin Collectors [Re: psi]
#19302047 - 12/20/13 09:35 AM (10 years, 1 month ago) |
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I have been doin 30 at a time thankfully my bank lets me just exchange for new rolls. I wish I knew more about error coins and the "rare" dates.
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demiu5
humans, lol


Registered: 08/18/05
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Loc: the popcorn stadium
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Re: Coin Collectors [Re: Bigcmcg]
#19302073 - 12/20/13 09:43 AM (10 years, 1 month ago) |
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imo, fuck "collecting" coins for their collectability
invest your time and money into silver, or, if you have enough funds to diversify, maybe a small amount of gold (but i stick with silver)
now if it's for your own personal interest, carry on. i worked at a grocery store from 15-18, and that's where i got started. anytime someone gave me a coin or bill of interest, i'd swap them out. got some good scores, but usually it was the bills that were impressive. had a 50's $100. some 37 silver certs. and i pulled almost two pounds (troy) of silver during that time
get a part-time job that involves jockying a register
-------------------- channel your inner Larry David
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Bigcmcg


Registered: 01/14/12
Posts: 548
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Re: Coin Collectors [Re: demiu5]
#19302100 - 12/20/13 09:50 AM (10 years, 1 month ago) |
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Who pays with silver certs?? I've gotten plenty of silver in rolls however. Are bills really worth anything more than face value if they are circulated?
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Galaxy


Registered: 06/03/13
Posts: 61
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Re: Coin Collectors [Re: Bigcmcg]
#19302197 - 12/20/13 10:27 AM (10 years, 1 month ago) |
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Yeah, I also used to work a cash register and started collect coins. I rarely came across silver dimes and quarters, but found a lot of war nickles. I also would take any wheat pennys I would find and roll them. Doesn't seem like theres to much silver in circulation any longer.
I feel the same way about dealers, although sometimes when I come across someone selling silver coins I will buy right at, or just below spot. But I buy silver for more for a long time investment.
I got started collecting when one day a teenager came into my former place of work with a bag of coins and traded them to my manager for cash. I noticed this and I bought the coins with a face value of $30 but when I went home that day and looked in the bag, the first coin I pulled out was a 1898 morgan silver dollar.
I am assuming this kid took the coins from a realtive or someone else and didnt know what he had. I wish I could have found the original owner of the coins and I would have given them back to them for the price I paid. The bag contained several morgans, a few peace dollars, several 90% Kennedy halves, and a bunch of 40% Kennedy halves.
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Bigcmcg


Registered: 01/14/12
Posts: 548
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Re: Coin Collectors [Re: Galaxy]
#19302249 - 12/20/13 10:39 AM (10 years, 1 month ago) |
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Dang you got lucky. So besides a small amount of silver is there anything worthwhile in circulation?
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KingKnowledge
Around



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Re: Coin Collectors [Re: Bigcmcg]
#19302258 - 12/20/13 10:41 AM (10 years, 1 month ago) |
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My grandma over my ~20 years of life has given me thousands of rare coins.
So its more of a forced collection
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Galaxy


Registered: 06/03/13
Posts: 61
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Re: Coin Collectors [Re: Galaxy]
#19302335 - 12/20/13 11:03 AM (10 years, 1 month ago) |
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Not really, the silver is where its at. Mint condition star notes can go for a few dollars more than their face value on ebay and similar sites. But anything with folds or creases pretty much make them lose their value.
Like I said I collected the wheat pennys, thinking that one day they will be worth something. But for me its more of a long term investment instead of an immeditate turn around like you could have finding silver.
There is a cool forum called treasure net with a ton of information on collecting coins, from coin roll hunting to metal detecting and IDing. I'd say its worth checking out if your interested in that kind of thing.
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Corporal Kielbasa


Registered: 05/29/04
Posts: 17,235
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Re: Coin Collectors [Re: Bigcmcg]
#19302376 - 12/20/13 11:13 AM (10 years, 1 month ago) |
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Yeah need to buy a whole box of rolls to get much luck.
I been getting into metal detecting. Watched my friend wash off a 300 year old silver coin $$$. Was a great way to end the season. But now we are drooling waiting for the warm weather.
I found a 1860-70 something 2 cent, silver dime, a silver war nickel, a buffalo nickel. Lots of neat relics this year while out swinging the coil. Next year I hope to find some large cents and reales. Maybe a seated quarter or draped bust. Its a lot of work and I spent way more time and energy out there then what I founds worth... But maybe one day I will find some dead mans stash buried in the leaves.
Yeah it seems like kids will grab a hand full from grams jar oblivious to the silver or collectible value and just cash them in at face value.
Edited by Corporal Kielbasa (12/20/13 11:18 AM)
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Galaxy


Registered: 06/03/13
Posts: 61
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Wow, I would love metal detecting if I could find a coin older than the 90s lol I bought a metal detector and tried it out for a while but ended up stopping because I had a hard time finding places to detect. I was mostly going to parks and such but a lot of places have "No Metal Detecting" signs.
If you dont mind my asking, how do you find places to detect Corporal?
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Corporal Kielbasa


Registered: 05/29/04
Posts: 17,235
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Re: Coin Collectors [Re: Galaxy]
#19302471 - 12/20/13 11:36 AM (10 years, 1 month ago) |
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Research and asking people for permission. Or having friends that invite me out to their spots. Its all about the history. Often times you got to work a spot several times, dig out the trash and open up the ground below it. Some machines are better at reading through the trash. Some machines can read and ID deep targets better. Some spots people already worked over and cherry picked all the strong silver targets. If people can see the place its probably been hunted.
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psi
TOAST N' JAM


Registered: 09/05/99
Posts: 31,456
Loc: 613
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Re: Coin Collectors [Re: Bigcmcg]
#19303907 - 12/20/13 05:02 PM (10 years, 1 month ago) |
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Quote:
Bigcmcg said: I have been doin 30 at a time thankfully my bank lets me just exchange for new rolls.
Do you mark them or something to make sure you don't get your own rejects? IMO it's a good idea to buy and dump at different banks so you're not "shitting where you eat" so to speak.
Regarding sorting for metal value you can also do this with pennies. You can't legally melt them but there is still a market in their trade. The bigger players do it by machine. In Canada sorting nickels for 99% Ni used to be pretty lucrative but the government started pulling them too so the supply mostly dried up. Pennies are not available at banks at all anymore which leaves dimes. Dimes can be sorted by machine for silver here, but the electrical signatures of silver and US clad are too close to reliably distinguish them. Canadian ones after mid-68 are nickel or nickel plated steel so a machine can easily tell them apart from silver or US dimes.
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Bigcmcg


Registered: 01/14/12
Posts: 548
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Re: Coin Collectors [Re: psi]
#19304096 - 12/20/13 05:41 PM (10 years, 1 month ago) |
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I usually only do it three or four times a month and bring the old in and get fresh rolls.
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drkkenny
Explorer

Registered: 10/13/11
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Re: Coin Collectors [Re: Bigcmcg]
#19304437 - 12/20/13 06:38 PM (10 years, 1 month ago) |
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My grandpa used to have alot of old coins in a treasure chest. It was in a small jar & I would try to get a look inside because I knew it was something exhilarating. I wished more than anything in the world to see what lay inside it.
I don't know any other collectors around, I believe there was alot more a few decades ago but it has now lowered alot more than we would normally be accustomed to. If we look at it from the view of a historical importance opposed to money to spend. You might see that historians everywhere are trying to get their hands on this treasure, and they will do anything to get it for themselves, but they will have alot of security to prevent them from discovering where it is stored at. In this mode of viewing we can clearly determine that the price fades to a significant extent to signify that history reigns over money. So history tramples over symbols of money.
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Bridgeburner
Not spiritual at all.




Registered: 09/16/06
Posts: 20,010
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I started metal detecting this year and dug up some coins almost 300 years old. Im in Easter europe, so most were soviet and czar era coins tho.
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Aopocetx
Writer



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I have a question. What do you guys mean by silver coins? Are you saying there's actually silver coins in US circulation? What are they? Could they be some of the 50 cent pieces?
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Prisoner#1
Even Dumber ThanAdvertized!


Registered: 01/22/03
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Re: Coin Collectors [Re: Aopocetx]
#19470890 - 01/25/14 07:39 AM (10 years, 6 days ago) |
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Quote:
Aopocetx said: I have a question. What do you guys mean by silver coins? Are you saying there's actually silver coins in US circulation? What are they? Could they be some of the 50 cent pieces?
any US silver coin prior to 1964 other than nickels are 90% silver
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Aopocetx
Writer



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Quote:
Prisoner#1 said:
Quote:
Aopocetx said: I have a question. What do you guys mean by silver coins? Are you saying there's actually silver coins in US circulation? What are they? Could they be some of the 50 cent pieces?
any US silver coin prior to 1964 other than nickels are 90% silver
ANY one? Like a 1963 quarter? Wow, I had some set aside because I thought they were rare...
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Prisoner#1
Even Dumber ThanAdvertized!


Registered: 01/22/03
Posts: 193,665
Loc: Pvt. Pubfag NutSuck
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Re: Coin Collectors [Re: Aopocetx]
#19470906 - 01/25/14 07:45 AM (10 years, 6 days ago) |
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any of them other than the nickels, a quick way to tell the difference is by the sound they make when dropped into other change, they have a higher pitch than the copper clad coins we see most of today
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Aopocetx
Writer



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Quote:
Prisoner#1 said: any of them other than the nickels, a quick way to tell the difference is by the sound they make when dropped into other change, they have a higher pitch than the copper clad coins we see most of today
Ok thanks. Damn I had like 3 or 4 and I used them to buy cigarettes or something cause I was broke and didn't know.
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memes
Blessed



Registered: 01/11/05
Posts: 27,785
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Quote:
Prisoner#1 said: any of them other than the nickels, a quick way to tell the difference is by the sound they make when dropped into other change, they have a higher pitch than the copper clad coins we see most of today
another way is to look at the grooved edge of the quarter/dime. The copper ones can usually be distinguished because their grooved edge will be two-toned: half copper half silver. The pre-64 ones will be SOLID silver. easily distinguishable unless the coin is ungodly dirty.

vs
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memes
Blessed



Registered: 01/11/05
Posts: 27,785
Loc: In a Tree
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Re: Coin Collectors [Re: memes] 1
#19470958 - 01/25/14 08:04 AM (10 years, 6 days ago) |
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fun story:
working at a fast-food restaraunt as a kid, I remember breaking a roll of quarters into the cash register and hearing them all clank into the plastic in a really weeeeeeird tone. looked down and they were ALL pristine silver quarters
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Corporal Kielbasa


Registered: 05/29/04
Posts: 17,235
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The only exception is the war nickles from 42-45 are 35% silver
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Corporal Kielbasa


Registered: 05/29/04
Posts: 17,235
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Re: Coin Collectors [Re: memes]
#19470966 - 01/25/14 08:07 AM (10 years, 6 days ago) |
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Quote:
memes said: fun story:
working at a fast-food restaraunt as a kid, I remember breaking a roll of quarters into the cash register and hearing them all clank into the plastic in a really weeeeeeird tone. looked down and they were ALL pristine silver quarters
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memes
Blessed



Registered: 01/11/05
Posts: 27,785
Loc: In a Tree
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needless to say, i took a $10 bill from my wallet, put it in the register, and took those quarters out to my car
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psi
TOAST N' JAM


Registered: 09/05/99
Posts: 31,456
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Re: Coin Collectors [Re: memes]
#19470984 - 01/25/14 08:17 AM (10 years, 6 days ago) |
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Quote:
memes said: another way is to look at the grooved edge of the quarter/dime. The copper ones can usually be distinguished because their grooved edge will be two-toned: half copper half silver. The pre-64 ones will be SOLID silver. easily distinguishable unless the coin is ungodly dirty.

IIRC this only applies to the dimes and quarters as you mention, the 40% silver half dollars and dollars are also copper clad so you would have to see the dates. Don't recall the exact dates but they made those for a while after 64.
Also was the coin on the right magnetically shrunk? Looks fucked up.
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Bubbles85

Registered: 10/15/12
Posts: 2,884
Loc: England
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Re: Coin Collectors [Re: memes]
#19470994 - 01/25/14 08:26 AM (10 years, 6 days ago) |
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Quote:
memes said: needless to say, i took a $10 bill from my wallet, put it in the register, and took those quarters out to my car 
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Aopocetx
Writer



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I found a 1983 P quarter. Looking online it's one of the rarest "modern" coins. Supposedly it's worth anywhere from 20 to 100$ (that would be certified). My question is where can I sell it? How much does it cost to get it certified? If it would make the value more, I'd do it.
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psi
TOAST N' JAM


Registered: 09/05/99
Posts: 31,456
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Re: Coin Collectors [Re: Aopocetx]
#19490321 - 01/29/14 08:54 AM (10 years, 2 days ago) |
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This seems to be the most well known grading place for the US. I'm thinking it would not end up being worth it considering how much they charge. http://www.pcgs.com/servicesandfees/
Just selling it on ebay without the grading but some really good photos might be the best way to go. What kind of shape is it in? If it looks like a coin that's been jingling around in pockets for 30 years, it will probably be on the low end of the value scale. If it looks really pristine then it should fetch more.
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SprewellSleeve



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Re: Coin Collectors [Re: memes] 1
#26416738 - 01/04/20 09:50 PM (4 years, 25 days ago) |
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Quote:
memes said: fun story:
working at a fast-food restaraunt as a kid, I remember breaking a roll of quarters into the cash register and hearing them all clank into the plastic in a really weeeeeeird tone. looked down and they were ALL pristine silver quarters
That's awesome!
When I'm on register at my job I'm always looking through the coins and banknotes to see if I find anything interesting.
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RJ Tubs 202


Registered: 09/20/08
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I found a dirty old Buffalo nickel in grocery store change recently! It made my day 
My cousins in New Jersey run an ice cream shop and they're always looking out for old silver. It sounds different when it drops onto other modern coins in the cash drawer.
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