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1945V
Penny Pincher Member
Canada
153 Posts |
 Posted - 08/11/2010 : 17:21:11
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Early this week, I went to one of my usual source banks and bought a lot of 20 nickel rolls.
Normally, the pickings are getting pretty slim on nickel rolls in Canada and I would expect to find 2 to 4 Ni (pre-1982) nickels at best from a roll or a 5 to 10% yield.
When I got home, almost every roll have pure nickel it. I also sensed a collection was dumped because I found nearly every date from 1922 (expect key date 1925 and 1926) to the present. In the end I wound up keeping 16 rolls and returning 4 to my dump bank.
After this run of good luck, I though maybe other denominations were dumped as well. So I went back to the same bank ordered more nickels, pennies, dimes and quarters.
Unfortunately, nickel stats were back to normal. I got 2 rolls of pure nickels out of 20. Penny hunting was better than usual, I found a ton of BU pennies from the 1970's. My penny yield was 80% copper, I usually get 40% at best. Unfortunately, quarter hunting was bad, no silver found. But the dimes rolls made the trip worth while. Out of twenty rolls, 4 rolls were brimming with nice white silver edges. I found 29 silver dimes among a lot of BU 1970's dimes.
The moral of the story, if you get a better than normal yield in one denomination, go back try all the other denominations. Silver may be lurking in the bank vault.
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 08/11/2010 : 19:08:55
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| way to hunt for the silver |
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fb101
Administrator
USA
2856 Posts |
Posted - 08/11/2010 : 19:27:10
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| Nice going. A good day all around. |
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Robarons
Penny Hoarding Member
USA
522 Posts |
Posted - 08/11/2010 : 19:35:31
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| Sounds like a good bank run. Lots like someone had their collection taken back to the bank. |
Robber Baron= Robarons |
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PennyPauper
Penny Collector Member
USA
395 Posts |
Posted - 08/11/2010 : 22:45:10
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Nice report.Good deductive reasoning.Why let the alloy program profit.If we keep our senses keen I believe there will be more of these events happening in the near future.Seems coin returns are on the rise.Sometimes taking the few extra minutes talking with a teller will pay off.One of my pickup banks had so much coin they had to schuedle a earlier pick up because they ran out of vault space.
So only 1 bag for me there,but I made up for it at another bank when a competing sorter didn't make his pickup,found a nice 1909vdb for the effort.Happy hunting. |
Available again! $100 of Copper Lincoln Memorials for $145 shipped. |
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Ejunkulator
New Member
USA
12 Posts |
Posted - 08/11/2010 : 23:54:56
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| I had something similar happen to me. I got a $20 bag of pennies a few weeks back and found $8.29 in wheats, none were older than 40 but it was still a really cool find. I agree that more and more collections will be gettin dumped in the near future as people get desperate for cash. |
"Paper money eventually returns to its intrinsic value --- zero."
Voltaire (1694-1778) |
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BCNumismatics
Penny Sorter Member
New Zealand
77 Posts |
Posted - 08/13/2010 : 07:22:52
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Did you find any circulating commemorative coins in the rolls?
Canada is a numismatist's paradise,as there is a lot of circulating commemorative coins in circulation.
There has been 2 commemorative Loonies put into circulation this year so far - the Winter Olympic Games one (which I do have) & the Canadian Navy Centenary (which I would like to get).
Aidan. |
Aidan Work.
My numismatic photos can be found here; http://www.coinforums.com/gallery/u6-bcnumismatics.html .
Please let me know what you think. |
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Silverhead
New Member
USA
18 Posts |
Posted - 08/13/2010 : 08:27:48
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| Good score!!!!!! |
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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 08/13/2010 : 12:55:44
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I was dumping nickels and dimes at my local bank, and the teller asked me what i look for. They all know that i search the coins, anyways she remarked that one of the tellers had to break open a roll of nickels and found the entire roll was buffalo nickels. I asked if they were still around she said the teller bought them all.
I didn't ask if i could buy their other nickels since i just returned some, but in hind sight perhaps I should have done it. I don't know when they found them so i'll let it pass. |
Selling Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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Get busy when a collection appears to be dumped
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