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Dumpster Diver
Penny Collector Member
  
 USA
474 Posts |
Posted - 10/31/2009 : 13:22:39
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I've gotten all geeked up on nickels thanks to PennySaved. Since he posted a few weeks ago about getting into nickels, I followed getting into it as well. So far, 3 war nickels and a couple hundred pre-'60s. No buffs yet, but a teasing 5 '38-'39's.
Today, while dumping halves, I bought my first bag of any kind. I'm a box guy. It was loaded with dimes and foreign coins- very fun departure from halves.
6 different countries including an AU 1949-F 50 Pfennig from Germany. I googled it to see if it was silver (it isn't) and found it was part of the "currency reform" from post-war Germany. Everywhere I saw them for sale, they had it from $65-$85!
AGressive Metal-please weigh in, you seem to be the resident foreign coin expert. Is this really that great of a coin or am i missing something?
Bags for me now on!
Happy Halloween Everbody.
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"You're not really gonna throw that out...are you"? |
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ScottyTX
Penny Hoarding Member
   

USA
508 Posts |
Posted - 10/31/2009 : 13:35:29
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very nice finds. Definately interested to know whats its worth as well. Hopefully someone will chime in here shortly. |
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Bluegill
1000+ Penny Miser Member
    

USA
1964 Posts |
Posted - 10/31/2009 : 15:10:30
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I have got to find a source for loose bagged coin. All these awesome stories of dimes and stuff being found in them. 
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Dumpster Diver
Penny Collector Member
  

USA
474 Posts |
Posted - 10/31/2009 : 16:13:51
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My theory on why random stuff gets into the wrong bag: I have been studying the bag switchout closely. The ends of the bags are gapped open and I've seen coins littered on the floor of the machine. I think as the bags fill, they squeeze the ends closer together and perhaps coins that are supposed to go in bounce off the ends into the next bag. They are crammed in there so tight next to each other. This explains how a dime could get into a nickel bag, but I don't get how the foreigns get in there. 14 foreign coins in this bag today- generally nickel sized- but some weights seem way off from a US Nickel. My main dump bank uses an ultra-fast Cummins sorter-never anything in the reject tray...how are these coins getting through? |
"You're not really gonna throw that out...are you"? |
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dakota1955
1000+ Penny Miser Member
    

2212 Posts |
Posted - 10/31/2009 : 16:16:04
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the f and j were in proof. They are worth about 125.00 each the 49 f in xf worth 3 dollars, unc 35 dollars |
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Copper Catcher
Administrator
    

USA
2092 Posts |
Posted - 10/31/2009 : 16:55:44
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Great score!!! I agree, bags all the way. |
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daviscfad
1000+ Penny Miser Member
    

USA
1664 Posts |
Posted - 10/31/2009 : 17:32:15
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nice score! |
Inquiring minds want to know |
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zerocd
Penny Hoarding Member
   

555 Posts |
Posted - 11/01/2009 : 05:11:39
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What kind of bags? Coin counting machine bags? From the machine?
Cloth bank bags?
Please explain. I have never seen/found a source for these.
0CD |
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Dumpster Diver
Penny Collector Member
  

USA
474 Posts |
Posted - 11/01/2009 : 07:10:11
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Coin-machine bags...I never even thought to ask if I could buy these until yesterday! They will only sell them full though. I dump so many halves that they have to change the bags at least 2-3 times and they cycle through the LED screen for each denom. There is a button for each coin they push to see what's full. I'm gonna start taking "feeder" coins so if the nickel or dime bags are close to full...I'll fill them and buy! Nickels-$200, dimes-$1000 until full. |
"You're not really gonna throw that out...are you"? |
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AGgressive Metal
Administrator
    

USA
1937 Posts |
Posted - 11/01/2009 : 08:48:14
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I wasn't aware of any of the reform coinage being worth much, as its just the equivalent of post-64 circulation coins for us, but I looked up that particular coin and its book value is 50 cents in VF, 3.00 in XF, and 35.00 in Unc. Now keep in mind that means true uncirculated, as in no trace of wear. They made a 1949 F proof as well which books for over $100, so maybe that is the coin you are seeing advertised. Rarely do foreign coins sell for full book in the USA. |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world. -Caxton's edition of Aesop's Fables, 1484 |
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AGgressive Metal
Administrator
    

USA
1937 Posts |
Posted - 11/01/2009 : 08:53:14
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And for future reference, the only circulating (as in non-proof, non-commemorative) German coin with silver, post-49, is the 5 Mark coins minted between 1951 and 1973. In 1974, everything was cupro-nickel. |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world. -Caxton's edition of Aesop's Fables, 1484 |
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misteroman
Administrator
    

USA
2565 Posts |
Posted - 11/01/2009 : 11:17:15
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Where do you get bags from normally? I would assume banks and coinstars would be the only places. |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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beauanderos
1000+ Penny Miser Member
    

USA
2408 Posts |
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2old
Penny Pincher Member
 

188 Posts |
Posted - 11/01/2009 : 11:32:18
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Banks or credit unions who receive loose coins, that is the first question you may want to ask, do you accept loose coins? If so, ask if you can buy their bags and save them processing fees. Then they will likely scurry around kooking like a deer in the headlights until they find a head teller to answer. If they ask if I am a customer, I always answer YES! If they will sell bags, ask which day they ship them out. Try to show up the day before. Right now I have 4 who will sell me bags. Last week someone got there before me and bought the only bag at one of my pickups. Kinda like hunting, stalking, the hunt is as much fun as the find.
I am going to get snap lock holders that will hold 4 pennies and give a set of shiny Zinolcn commemoratives to my tellers who co-operated. Good will should cost about $.40. |
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AGCoinHunter
Penny Hoarding Member
   

USA
685 Posts |
Posted - 11/02/2009 : 08:15:36
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Bags are good unless you have other coin searchers dumping their rejects in your coin bags. I am experiencing this right now. I buy all the bags and am guaranteed at least one skunk because this person fills up more than one bag at a time. |
"All tyranny needs to gain a foothold is for people of good conscience to remain silent." -Thomas Jefferson
"There is no difference between communism and socialism, except in the means of achieving the same ultimate end: communism proposes to enslave men by force, socialism—by vote. It is merely the difference between murder and suicide." - Ayn Rand ________________________________________________
Lenin: Class-based International Socialism Hitler: Race-based National Socialism Obama: Class- and Race-based Post-National Socialism
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PennySaved
1000+ Penny Miser Member
    

USA
1720 Posts |
Posted - 11/05/2009 : 20:18:12
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Is there a national bank that offers bags? The Chase banks in my area won't order bags. |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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jonflyfish
Penny Hoarding Member
   

USA
693 Posts |
Posted - 11/05/2009 : 21:04:54
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I stick with boxes because that's all I can seem to find. No problem though. Found all the key date nickels and find plenty of buffaloes and wars to keep me happy. |
The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
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