Tips from MT Coin Collectors
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re: Tips from MT Coin Collectors
Posted by RickAstley on 12/27 at 1:38 pm to Lsut81
Let us know how it goes


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Posted by Lsut81 on 12/27 at 3:54 pm to RickAstley
quote:

Let us know how it goes




I've got a good bit done... My hands are nasty as can be. I really wish I could wash these things



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Posted by ThatsAFactJack on 12/28 at 3:01 pm to Lsut81
Bump to keep this thread going. Enjoying reading about coin collections and silver/gold stacking.


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Posted by OnTheBrink on 12/28 at 3:03 pm to ThatsAFactJack
Nice bump!

And thanks to Rick too for starting this thread!



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Posted by RickAstley on 12/28 at 4:23 pm to ThatsAFactJack
Well I'm fully dug into this while I am on my coin kick. I have a box of pennies and a box of nickels in my room, with a box of half dollars ordered at the bank. The half dollars will not arrive until next Wednesday and I am going to pick the pennies and nickels over the weekend.

I already went through about $16 in nickels and have found several nickels between 1940-1960.
I could buy a nickel booklet and build a set of the 1960s with the abundance of those that I have sifted through.

I have also searched Craigslist for the meantime for coin collection offerings and I have asked my tellers for any junk change. One teller had an Eisenhower bicentennial dollar but it was already claimed. The rest had a few half dollars and there was a painted coin locked up in another teller's tray, that was being discussed.



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Posted by RickAstley on 12/28 at 4:25 pm to OnTheBrink
You're welcome, I'm glad I am not the only one burning away the minutes building a collection




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Posted by LSUtoOmaha on 12/28 at 5:00 pm to RickAstley
I was bored earlier today and went through a few hundred coins and found a grand total of 4 nickels pre-1965.

Hey it's fun though



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Posted by chuckitdeep on 12/28 at 5:00 pm to RickAstley
I've stepped up my checking coins as well. Each time my wife sees me going through coins she says what are we going to do with all those coins?
I am intersted in the 1/2 dollars probably the most.
Are you looking more for dates or the pre 65 silver coins? I tend to look more for the silver coins.



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Posted by LSURussian on 12/28 at 5:27 pm to Lsut81
quote:

My hands are nasty as can be. I really wish I could wash these things

I wash my hands several times a day.
























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Posted by Lsut81 on 12/28 at 5:50 pm to LSURussian
quote:

I wash my hands several times a day.







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Posted by DaBeerz on 12/28 at 7:05 pm to LSUtoOmaha
quote:


I was bored earlier today and went through a few hundred coins and found a grand total of 4 nickels pre-1965.

Hey it's fun though



Don't forget pre 1982 penny if you want to save bulk... 95% copper worth double the price of the penny



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Posted by djmicrobe on 12/28 at 9:28 pm to Lsut81
Pre-1965 coins are about 73% of one troy ounce for $1 dollar face value of the coins. Pre-1965 silver dollars are about 78% of one troy ounce.
One silver dollar will be 78% of one troy ounce or $23.40 worth of silver in it when the price of silver is $30 per troy ounce. 10 dimes will have about 73% of one troy ounce or be worth $2.19 per coin.
This is a rough estimate, and based on $30 per troy ounce.



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Posted by matthew25 on 12/29 at 12:23 am to djmicrobe
Don't overlook several other Kennedy 50 cent pieces.

1964 is silver and worth near $11 ea. (22x).

1965-70 is 40% silver and worth near $4.50 ea. (11x).



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Posted by RickAstley on 12/29 at 12:36 am to chuckitdeep
quote:

Are you looking more for dates or the pre 65 silver coins? I tend to look more for the silver coins.


I am definitely looking for silver, as well as dates depending on the coin. I usually have a sticky note with a list of key dates nearby when picking.

So for nickels, I could only find three dates worth mentioning beyond the 1960s. So I replace all nickels I find before 1960, and I replace 1990 D, 2005 buffalo, 2009. Based on what I jotted down on my note, some 1990 nickels are missing their designers initials, some 2005 buffalo nickels have a minting error resembling a speared buffalo, and then 2009 has an insanely low mintage. After further reviewing those and seeing no success in my finds, I will put them back into my coin swap rotation.

It has been interesting asking the tellers what they have in their junk drawers. It will be hard to lay claim to the coins though



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Posted by RickAstley on 12/29 at 12:44 am to LSUtoOmaha
I find it fun and it keeps my stressed out mind preoccupied enough to restore focus during the evenings. From my reading, if you want immediate finds, nickels and pennies appear to be the best place to start. The silver content of dimes, quarters, and half dollars has been known about and searched for much longer than I wish to believe.


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Posted by Lsut81 on 12/29 at 10:19 am to RickAstley
quote:

I find it fun and it keeps my stressed out mind preoccupied enough to restore focus during the evenings.


Shit, going through the clusterfrick that I have has stressed me out!!!

When I'm done sorting, I will then begin to go through one by one to see if I have anything rare.

Then I will have to decide if its worth sitting on the bulk or selling it off I've been reading estimates that some are predicting silver prices to gain 30% in 2013...



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Posted by LSURussian on 12/29 at 10:52 am to djmicrobe
quote:

10 dimes will have about 73% of one troy ounce or be worth $2.19 per coin.

Are you saying if I take my 'silver' dimes to a "We Buy Gold and Silver" place I can get $2.19/dime selling them?

The most I've ever seen is 16X face value of any silver coin since the price of silver has settled around $30/oz. So a silver dime is 'worth' $1.60 each if I want to sell it.

If you know of somewhere that will give me $2.19/dime, please tell me where. I'll sell my all of my non-collectible silver dimes for that amount.


This post was edited on 12/29 at 10:53 am

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Posted by DaBeerz on 12/29 at 11:43 am to LSURussian
I doubt it... I read It's technically illegal to melt US currency that has not been retired


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Posted by LSURussian on 12/29 at 1:43 pm to DaBeerz
quote:

I read It's technically illegal to melt US currency that has not been retired



Melting old silver coins is not illegal according to this linkOther links agreed with this one.



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Posted by drewnbrla on 12/29 at 4:08 pm to LSURussian
Calculating 90% silver coin melt values based on weight:
One Troy Ounce = 31.103 grams

1) Morgans and Peace dollars = 26.73 grams
- Melt value= (spot price x .90) x 0.8594

2) Barbers, Walking Liberty, JFK & Franklin half dollars = 12.5 grams
- Melt value= (spot price x .90) x 0.40189

3) Standing Liberty, Barber and Washington Quarters = 6.25 grams
- Melt value= (spot price x .90) x 0.200945

4) Seated Liberty Quarters = 6.22 grams
- Melt value= (spot price x .90) x 0.199981

5) Barber & Mercury Dimes = 2.5 grams
- Melt value= (spot price x .90) x 0.080378

5) Roosevelt Dimes = 2.2 grams
- Melt value= (spot price x .90) x 0.070733



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