re: Tips from MT Coin Collectors

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

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.

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

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I wash my hands several times a day.

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

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shite, 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...

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

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