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subaqua99
Penny Sorter Member
Canada
25 Posts |
 Posted - 02/12/2010 : 18:11:39
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Curious if any of my fellow sorters from north of the border specifically search rolls for silver?
I started with pennies, and now do nickles. I'm only small time but switch back and forth between copper and nickle. I'd love to search silver but we dont have the advantage of getting those nice 50 cent pieces like they do down south. I know my banks never have any. I'm assuming its just not worth searching dimes and quarters, when there are such high percentages of copper and nickle out there.
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Junk Woody
Penny Collector Member
Canada
262 Posts |
Posted - 02/12/2010 : 18:46:25
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I ask if they have any 50 cent pieces or older dollars,then if they do I just ask them to shake the bag so I can listen for silver.
Haven't heard that sound yet though :(
The only silver I've gotten from a bank was a single 1967 dime in a box of pennies :) |
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jin.coy
Penny Pincher Member
Canada
128 Posts |
Posted - 02/12/2010 : 19:10:38
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You can search dimes by edge checking or using a magnet(using a magnet is quite fast).
I recall finding 1 dime in $100 face value.
I did not check quarters, but I think the yeild would be less than dimes just because the coin is bigger and is more circulated than a dime.
There is a big problem returning dimes if you are using a coin counter because some dime will be counted as cents.
Good luck! |
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1945V
Penny Pincher Member
Canada
153 Posts |
Posted - 02/12/2010 : 20:51:26
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Searching silver dimes is painful in Canada.
I get the same ratio as jin.coy, 1 silver dime per 1000 dimes searched.
I have found about 175 silver dimes in 2009, but had to search over 125,000 dimes.
I had some lucky strikes (one roll of 46 x 1967 BU + 4 US silver coins, 10 rolls with 15 x 1968 silvers and one roll with 7 silvers 1950-1966)
I am still searching dimes this year, but at a reduced rate. |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 02/12/2010 : 23:28:51
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Damn - that's a lot of dimes 1945V.
Jin.coy I can't see how you edge check for silver dimes in Canada. Please explain.
I look at dimes and find about 1 per $100 as well. It is not really worth the time to unroll and reroll plus banking etc. The real benefit to dimes and quarters is finding American and depositing it south of the border for the exchange profit.
I've bought 1/2s and Voyager dollars when I can find them (offered to me) but zero silver yet.
IMO nickels and pennies are the way to go in Canada, though the exchange rate is worth going after sometimes on the dimes and quarters. In fact, I've gotten whole rolls of US quarters and nickels. Maybe I should ask for US coins? |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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1945V
Penny Pincher Member
Canada
153 Posts |
Posted - 02/13/2010 : 06:10:39
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Jin.coy,
I agree with Jadedragon, you will lose a lot of silver coins if you rely only on edge checking for Canadian coins. With lightly circulated silver coins, edge checking works well, but with well worn silver coins they sometimes look like nickel coins. I would use a magnet for best results. |
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psi
Penny Collector Member
Canada
399 Posts |
Posted - 02/13/2010 : 07:54:00
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quote:
Originally posted by Junk Woody
I ask if they have any 50 cent pieces or older dollars,then if they do I just ask them to shake the bag so I can listen for silver.
Does it happen very often that they have either? I never think to ask. With dimes I get one or two a box usually, even if I dump $1000 at a time it costs me as much to get to the dump bank and back than it would to just buy the same amount of silver. For me it's entertainment and a way to keep money tied up in an unspendable form, that and the chance of a big payout which has never happened for me yet. I expect to sort mostly pennies and nickels this year.
Can someone explain this magnet method for silver sorting, what strength/shape of magnet is used? When I used a strong magnet on a pile of steel and other coins (nickels not dimes), some of the non-magnetic coins seemed to get stuck between the magnetic ones and the magnet. To put it another way, it's easy to find a magnetic coin in a pile of non-magnetic ones but the reverse is not so easy in my experience. |
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subaqua99
Penny Sorter Member
Canada
25 Posts |
Posted - 02/13/2010 : 08:38:16
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| Thanks everyone for the confirmation. Looks like nickles and pennies for me. I figure if I really want silver I'm better getting a box of nickles and with the high premium on the pre 81's lately from people in us, make a trade for silver. |
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1945V
Penny Pincher Member
Canada
153 Posts |
Posted - 02/13/2010 : 08:38:52
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psi,
I only use a magnet to do the 1968 silver-nickel test.
I still search all the dimes manually, in case a 1969 large date or 2000P turn up and then I can retire early :) |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 02/13/2010 : 10:55:50
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I check the 1968s with a fridge magnet. Only one has been silver so far. Otherwise pretty hard to use a magnet to sort out the super rare non-magnetic coin. I've used my Ryedale to test sort Ni vs steel but the coin cup does not like dimes so you must hand feed the comparator. By time you do that you might as well just look for the silver by hand since you can see by portrait almost all, plus often see the milky white of silver vs shiny nickel.
subaqua99's correct - trade Ni for Ag - much faster. |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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jin.coy
Penny Pincher Member
Canada
128 Posts |
Posted - 02/15/2010 : 17:29:08
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When edge checking I was looking only for copper(american coins), dark or light edge (silver).
Also silver ones have a more scratched edges because of the soft material compared with coins made of nickel or copper-nickel.
Using this method I was able to go through a box of dime in less than 10 minutes and then on my way home stopped at the bank what was offering free coin counter.
Eventually I stopped doing dimes because I was shorted too many times(not only by the coin counter but also by clam-like plastic wrappers). |
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What do fellow Canadians silver hunt?
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