Tips from MT Coin Collectors - Page 4 - TigerDroppings.com

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RickAstley
LSU Fan
Reno, Nevada
Member since May 2011
1629 posts

re: Tips from MT Coin Collectors


Let us know how it goes





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Lsut81
USA Fan
Member since Jun 2005
64637 posts

re: Tips from MT Coin Collectors


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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ThatsAFactJack
Broussard
Member since Sep 2012
436 posts

re: Tips from MT Coin Collectors


Bump to keep this thread going. Enjoying reading about coin collections and silver/gold stacking.





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OnTheBrink
Alabama Fan
TN
Member since Mar 2012
3672 posts

re: Tips from MT Coin Collectors


Nice bump!

And thanks to Rick too for starting this thread!






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RickAstley
LSU Fan
Reno, Nevada
Member since May 2011
1629 posts

re: Tips from MT Coin Collectors


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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RickAstley
LSU Fan
Reno, Nevada
Member since May 2011
1629 posts

re: Tips from MT Coin Collectors


You're welcome, I'm glad I am not the only one burning away the minutes building a collection







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LSUtoOmaha
LSU Fan
Nashville
Member since Apr 2004
21163 posts

re: Tips from MT Coin Collectors


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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chuckitdeep
LSU Fan
Member since Nov 2008
603 posts

re: Tips from MT Coin Collectors


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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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
81270 posts
 Online 

re: Tips from MT Coin Collectors


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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Lsut81
USA Fan
Member since Jun 2005
64637 posts

re: Tips from MT Coin Collectors


quote:

I wash my hands several times a day.










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DaBeerz
LSU Fan
Billsburg, VA
Member since Sep 2004
9858 posts

re: Tips from MT Coin Collectors


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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djmicrobe
LSU Fan
Planet Earth
Member since Jan 2007
1289 posts

re: Tips from MT Coin Collectors


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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matthew25
Ole Miss Fan
Member since Jun 2012
3400 posts

re: Tips from MT Coin Collectors


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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RickAstley
LSU Fan
Reno, Nevada
Member since May 2011
1629 posts

re: Tips from MT Coin Collectors


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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RickAstley
LSU Fan
Reno, Nevada
Member since May 2011
1629 posts

re: Tips from MT Coin Collectors


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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Lsut81
USA Fan
Member since Jun 2005
64637 posts

re: Tips from MT Coin Collectors


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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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
81270 posts
 Online 

re: Tips from MT Coin Collectors


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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DaBeerz
LSU Fan
Billsburg, VA
Member since Sep 2004
9858 posts

re: Tips from MT Coin Collectors


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





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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
81270 posts
 Online 

re: Tips from MT Coin Collectors


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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drewnbrla
LSU Fan
The Dark Side of the Moon
Member since Mar 2011
3977 posts
 Online 

re: Tips from MT Coin Collectors


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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