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Coin Collectors
    #19301695 -

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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Re: Coin Collectors [Re: Bigcmcg]
    #19301786 -

I used to do a lot of coin roll hunting, but I haven't for a while.

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Re: Coin Collectors [Re: psi]
    #19301852 -

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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Re: Coin Collectors [Re: Bigcmcg]
    #19301893 -

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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Re: Coin Collectors [Re: psi]
    #19302047 -

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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Re: Coin Collectors [Re: Bigcmcg]
    #19302073 -

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


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channel your inner Larry David

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Re: Coin Collectors [Re: demiu5]
    #19302100 -

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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Re: Coin Collectors [Re: Bigcmcg]
    #19302197 -

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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Re: Coin Collectors [Re: Galaxy]
    #19302249 -

Dang you got lucky. So besides a small amount of silver is there anything worthwhile in circulation?

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Re: Coin Collectors [Re: Bigcmcg]
    #19302258 -

My grandma over my ~20 years of life has given me thousands of rare coins.

So its more of a forced collection :smile:


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Re: Coin Collectors [Re: Galaxy]
    #19302335 -

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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Re: Coin Collectors [Re: Bigcmcg]
    #19302376 -

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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Re: Coin Collectors [Re: Corporal Kielbasa]
    #19302414 -

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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Re: Coin Collectors [Re: Galaxy]
    #19302471 -

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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Re: Coin Collectors [Re: Bigcmcg]
    #19303907 -

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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Re: Coin Collectors [Re: psi]
    #19304096 -

I usually only do it three or four times a month and bring the old in and get fresh rolls.

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Re: Coin Collectors [Re: Bigcmcg]
    #19304437 -

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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No More Stories Are Told Today, I'm Sorry They Washed Away // No More Stories, The World Is Grey, I'm Tired, Let's Wash Away.


God 2 read 10932148 Unread messages

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Re: Coin Collectors [Re: Corporal Kielbasa]
    #19468558 -

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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Re: Coin Collectors [Re: Bridgeburner]
    #19470763 -

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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Re: Coin Collectors [Re: Aopocetx]
    #19470890 -

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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California Has Legalized Child Prostitution

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