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Bluegill
1000+ Penny Miser Member
USA
1964 Posts |
 Posted - 08/23/2008 : 20:11:07
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After continued dismal returns with the nickel sorting, I thought I would try dimes looking for Ag.
I sorted 3 CWI boxes and found 5. The oldest was a '46. I don't know if it was a fluke or a sign of things to come ( I'm leaning towards the former, but my curiosity has been aroused...)
I actually averaged well over 1 Ag coin per box, every box had at least 1. Nickels were giving me about .5 Ag coins per box. I would rather have 90% dimes than 35% nickels.
I think I might need to do some further sorting studies...
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fb101
Administrator
USA
2856 Posts |
Posted - 08/23/2008 : 21:05:32
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| I've only tried 1 box of dimes. Found 1 1958d |
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 08/23/2008 : 21:30:43
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I searched a little over a box in cwr. I found 1 1947 canadian dime and 2 .999 nickel dimes. No US silver. The lady that rolled them must have searched for silver because the story was that she had been saving all her pocket change for the last however many years and she cashed it all in to take her family on vacation. (Keep in mind old granny.) The rolls contained many AU 65-76 dimes, but no silver.  |
"99% of all lawyers give the rest of them a bad name" 
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dthelucky1
Penny Sorter Member
USA
29 Posts |
Posted - 08/23/2008 : 22:31:10
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| I have been debating this for a while. Would it be worth it to sort dimes for silver? It seems others who have tried seem to average one per box.....not quite worth it. |
Always selling copper pennies @ http://shop.ebay.com/merchant/danbrks |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 08/23/2008 : 23:06:31
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I do dimes when they come my way.. but I don't actively pursue them. The returns aren't there. You would do much better with half dollars.. at least that way when you find one it is worthwhile. Of course you could get lucky and get solid rolls of silver dimes.. you just never know.
One suggestion.. if you are going to purchase CWR dimes, take a scale with you. Dimes seem to be the demomination that most folks short by one or two coins when rolling. A roll should weigh about 114 grams.  |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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kieblera5
Penny Hoarding Member
USA
859 Posts |
Posted - 08/24/2008 : 00:35:25
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| I sort dimes at work. When I need to open a new roll, I check all of the edges first. My coworkers think I'm crazy. I do not have any luck with dimes, I have only found two silver ones within three years of working there (and only one silver quarter too). |
Democracy is being allowed to vote for the candidate you dislike least.
Never argue with an idiot. They will drag you down to their level and then beat you mercilessly with experience.
Caller number seven gets the Peace Prize!
Get coding tips, tricks, and more at: http://codingmonday.blogspot.com |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 08/24/2008 : 01:43:20
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I take dimes when offered them, but do not seek them out. I've scored 3 silver dimes in the last several weeks (in Canada) but it is hardly worth sorting them. I do pull the US dimes and deposit or spend them across the border for a slight gain.
I'm intreged by the comment about Canadian .999 Ni dimes. I see quite a few, but is anyone interested in saving them? Seems like Ni would have to move North of $20 to make them worth more dead then alive. In comparison, CuNi Nickels are already worth about face value at current metal prices. |
“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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just carl
Penny Hoarding Member
USA
601 Posts |
Posted - 08/25/2008 : 18:29:41
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quote:
Originally posted by dthelucky1
I have been debating this for a while. Would it be worth it to sort dimes for silver? It seems others who have tried seem to average one per box.....not quite worth it.
That is why so many still find a few Silver ones. Just imagine if you find one a week for the next 30 years. Considering how Silver prices have dropped, you could end up with a $10 profit in the future. Of course in 30 years $10 would buy a pack of gum. |
Carl |
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dthelucky1
Penny Sorter Member
USA
29 Posts |
Posted - 08/25/2008 : 21:55:43
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| Ok so I tried out $1000 in dimes today....Ended up with 9 silver dimes, all Roosevelts, and 2 sore eyes. |
Always selling copper pennies @ http://shop.ebay.com/merchant/danbrks |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 08/25/2008 : 22:07:17
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| Wow 0.09% silver if I did the math right. You are never going to find a dollar coin (or anything worth more then a dime) in a dime roll, but you will find dimes in penny rolls for a 10X profit. At least we all know now - thanks for reporting the experiment. If you want to quickly cash in on your hard work by selling your 9 dimes, PM me LOL :) |
“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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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 08/25/2008 : 23:43:15
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| I got a little better percentage. Sorted 34 rolls and got 3 silver, including a 49-S and 55-S. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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redneck
1000+ Penny Miser Member
1273 Posts |
Posted - 08/26/2008 : 16:49:53
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It has been my experience that when you go to return dimes at a bank with a coin counter they always seen to come up short.
I found 152 dimes in a $50.00 bag of pennies the other day.I should have weighed the zinc and copper to get a total and to see if the dimes where counted as pennies or were extras.
Like HCBTT said, rolls of dimes are easily shorted in CWR.
The risk to reward ratio is not very good.
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fb101
Administrator
USA
2856 Posts |
Posted - 08/26/2008 : 18:08:51
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| Would they be shorted if they were brinks rolls? I only grabbed the dimes that day because it was the only coins my pickup bank could spare that day on a drive by. |
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Bluegill
1000+ Penny Miser Member
USA
1964 Posts |
Posted - 08/26/2008 : 18:27:38
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I sorted 4 more CWI boxes.
Box 1 had 3 Ag, the oldest being a '46.
Box 2 had 2 Ag, the oldest being a '57.
Box 3 had 1 Ag, it was a '47. This box was also over $200 worth of BU '08Ds.
Box 4 Had 2 Ag, the oldest being;
Redneck brings up a good point about dimes ending up in the penny bags possibly being counted as pennies.
I dump 1 denomination at a time so I wouldn't think it should be a problem. All my nickel and two dime dumps so far have all been in 5 or 10 cent increments.
I'm still on the fence if I want to further pursue sorting dimes in addition to everything else...
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Edited by - Bluegill on 08/26/2008 18:28:59 |
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knibloe
1000+ Penny Miser Member
USA
1066 Posts |
Posted - 08/26/2008 : 20:51:52
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| I bought 2K in dimes in the last 3-4 months. They were in bags. I found 11 siver. |
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dthelucky1
Penny Sorter Member
USA
29 Posts |
Posted - 08/26/2008 : 22:41:36
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| After dumping 1k in dimes today, evidently I was short 1 dime, and the machine counted 4 of my dimes as pennies. So I am out 47 cents too. |
Always selling copper pennies @ http://shop.ebay.com/merchant/danbrks |
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just carl
Penny Hoarding Member
USA
601 Posts |
Posted - 08/29/2008 : 17:33:01
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| Roll searching for Silver is really a waste of time. Think about how much Silver is in a Dime. You would need a real lot of them to make a dollar. So if you found a dollars worth of Silver in Dimes and spent 10 hours searching, you would be making a Dime an hour. This of course does not include going to get them, returning them in a car and using gasoline that sells for almost $4/gallon. Then of course you must find someone that will pay you for a few Dimes. At that rate the only people making money on the Silver Dime searching is the gas station people. |
Carl |
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Bluegill
1000+ Penny Miser Member
USA
1964 Posts |
Posted - 08/29/2008 : 19:53:58
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quote:
Originally posted by just carl
Roll searching for Silver is really a waste of time.
Well your certainly entitled to your opinion. I could say the same thing about nickels. Averaging 2 dimes worth a buck each versus 1 war nick(76 cents) and/or .999 Canadian(9 cents)............
quote:
Think about how much Silver is in a Dime.
About a dollars worth, both theoretical melt and real life prices. A war nickel has a theoretical melt value of 76 cents. A .999 Canadian has a melt value of 9 cents, some are actually selling for a little more in real life.
quote:
You would need a real lot of them to make a dollar.
10 to be exact.
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So if you found a dollars worth of Silver in Dimes and spent 10 hours searching, you would be making a Dime an hour.
It takes me about 20 minutes to go through a box. 2 coins average per box worth a dollar each. Works out to $6 per hour. Nickels take a little longer and yield at best 85 cents total theoretical melt(1 each war nick and .999 Canadian). Works out to $1.70 per hour(about a half hour per box)
Pennies take me about 1.5 hours per box. I know know some can do it in an hour, so we will use that number. Using a 28% Cu number, that is 700 pennies. They have a theoretical melt value of over 2 cents a piece. They have a real world value that they are selling at of about 1.3 - 1.5 face, give or take. That is at best, $10.5 an hour.
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This of course does not include going to get them, returning them in a car and using gasoline that sells for almost $4/gallon.
And that doesn't factor in when sorting other coins? I buy them while picking up my other coins. So my aquisition and disposal costs are zero.
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Then of course you must find someone that will pay you for a few Dimes.
Junk Ag sells rather well for melt value, not really a problem with even a modest quantity.
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At that rate the only people making money on the Silver Dime searching is the gas station people.
If that were true the same could be said about any coin sorting. How many folks have wasted time and gas getting stuck with boxes of brand new '08 pennies...
As far as possibly being shorted, well get not only skunked, but shorted a pair of halves in a box, how much are you out on that transaction..? I think everybody on this forum who buys and sorts boxes of halves has been shorted at some point and time.
Getting shorted a dime per box that yields $2 worth of junk Ag is a 5% loss. Getting shorted a nickel per box that yields at best $1.70 is a 3% loss. Hardly worth worring about, and that's assuming you can sell a war nickel for its melt value. Getting shorted a coin every now and then is part of the game.
This also assumes the current percentages don't change, which they will, for better and worse.
For me, sorting those 7 boxes of dimes netted me more than I netted sorting twice as many nickels.
JMO
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Edited by - Bluegill on 08/29/2008 19:56:15 |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 09/14/2008 : 02:11:54
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Sorted $315 in CWR dimes I picked up Friday.
2 Silver
1 British 5 pence
1 Canadian |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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PreservingThePast
1000+ Penny Miser Member
USA
1572 Posts |
Posted - 09/14/2008 : 10:12:09
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quote:
Originally posted by fb101
Would they be shorted if they were brinks rolls? I only grabbed the dimes that day because it was the only coins my pickup bank could spare that day on a drive by.
I have found that those clear plastic rolls which I believe are the Brinks rolls have come up short in pennies and dimes. The nickels I have gotten that way were all OK. Never has a Brinks roll come up with an overage. |
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just carl
Penny Hoarding Member
USA
601 Posts |
Posted - 09/14/2008 : 10:37:26
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Many things Bluegill says is true but the biggest problem with anything in coins is the disposition of them. Anyone can say anything is worth a cetain amount but if no one will pay that, then it is worth only what someone will pay for that item. The same is true with most coins. I go to about 2 to 4 coin shows a month. Practically no dealer there will buy any Silver coins for what people assume they are worth. In fact practically only about half. Coin stores about the same. All such dealers must make a profit when reselling thier coins so their purchase prices must be as low as possible. Again, spening numerous hours searching rolls is usually impractical unless it's just for fun. And for Silver, since the Silver prices are constantly dropping, many dealers now will not even pay what is called spot, only much, much less.
If you have a source of disposition of any coins for a decent price, then of course it may be worth some searching. However, for me with prices of gasoline being about $4/gallon to go back and forth to take chances of finding a possible decent coin is just not practicle.
I used to search bags of cents, nickels and dimes. After about 30 years of this, I think I probably would have made less than 1 cent an hour doing this. That is IF I could find people to purchase what I find for a decent price. |
Carl |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 09/19/2008 : 00:38:32
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Decided to waste some more time searching dime rolls again today.
Searched 5 rolls.
Found 2 Silver.. a 61 and a 64.. WhooHoo!!!!
I still get a charge finding silver.. it's FUN!!!
Swapped for them at work.. so there was no gas involved. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 09/19/2008 : 15:37:30
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Searched a few rolls of dimes acquired from a teller trying to unload them. No silver this time, but built another roll of US dimes to deposit for that little exchange rate profit.
I also turned down $1000 in dimes from one bank... might get those later... will think about it. The quarters I bought from that bank yielded roll after solid roll of US quarters - about a $75 cent profit per roll on exchange rate.
While it is not real profitable to search dimes and quarters, I take them sometimes. In the process of dumping them after searching them I discovered I get a lot less hassle buying nickels and pennies with dimes and quarters then with paper money. Maybe the banks figure they are not getting wiped out of thier precious change, it is more reasonable for a customer to be trading coin for coin to balance thier register, and they are freeing up vault space too. |
“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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aboxaweek
Penny Collector Member
USA
326 Posts |
Posted - 09/25/2008 : 16:38:22
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Well, I bought a roll of dimes today and I bet you could guess what I found a skunk, ha ha
I did this because my dad was at work yesterday when he had to open a roll of dimes for the cashregester. He found....an amazing 12 silver dimes.
a 36, 42, 43, 43-d, 44-d, 50, 52, 60-d, 62, 64(x2), and a 64-d.
Why can't i be that lucky? |
*HUCKABEE*
___08'____
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 09/26/2008 : 00:13:59
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Checked 6 rolls today.
1 silver! |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 09/26/2008 : 12:46:55
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| Searched $500 in quarters from a CIBC in sealed Churchill box. Examined all the ends of the crimped rolls and found every visable coin to be steel. Decided to just deposit the box at another bank without cracking the rolls. The RCM continues thier Alloy Recovery Program in ernest. Then I picked up $100 in quarters in exchange for dumped nickels. Local bank wrapped I think. While there was a little nickel, there was no silver, no American, nothing worth keeping. I can't bring myself to hoard nickel quarters and dimes when the nickel nickel makes so much more sense. |
“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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Sorting Dimes
Forum Locked
