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Dan52
Penny Collector Member
USA
422 Posts |
 Posted - 12/26/2008 : 12:43:55
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I'm considering buying a $1000 bag of dimes. If you had to choose between that, or 4 boxes of dimes, which would you choose? They tell me the dimes are from other financial institutions.
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n/a
deleted
73 Posts |
Posted - 12/26/2008 : 12:45:36
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| get the bags |
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n/a
deleted
105 Posts |
Posted - 12/26/2008 : 12:53:25
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| I'd get the bags, go cash them in, then get the boxes! |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 12/26/2008 : 14:47:13
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| At least with the bag you are unlikly to get $1,000 of new dimes straight from the mint. Assuming you are looking for 90% silver that is. |
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Think positive. |
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pennyman
Penny Pincher Member
USA
101 Posts |
Posted - 12/26/2008 : 15:18:45
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| I would say go for the bag because there may be part of someones collection in there that someone dropped off at the institutions |
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Dan52
Penny Collector Member
USA
422 Posts |
Posted - 12/26/2008 : 16:34:34
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Thanks for the advice. I went buying before reading these posts. I went to a bank that had a lot of dime cwr's (98)(customer wrapped rolls). I bought a box at one bank and a second box at another. I have 98 cwr's and 118 fed rolls. Y'alls advice makes good sense and I am gonna buy that bag of dimes on monday. I'm goin' in. One thing that concerns me about buying a "bag" is that what if its significantly short?
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Edited by - Dan52 on 12/26/2008 16:40:08 |
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Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 12/26/2008 : 16:57:35
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One thing that concerns me about buying a "bag" is that what if its significantly short?
That's the chances you take, of course there have been tales of the count being off the other way...
I once got a bag of Halves that had 9 small dollar coins, 17 Pennies and a Quarter (and a machine screw and a bent key) in it as well as exactally $500 in Halves. |
There's profit if you melt things!!
8{> |
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Bluegill
1000+ Penny Miser Member
USA
1964 Posts |
Posted - 12/26/2008 : 18:20:50
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Also keep in mind, that bag could also be someones dump... But I would still buy and sort it just in case...
Me personally, I would buy and sort all of it, bag and boxes.
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Dan52
Penny Collector Member
USA
422 Posts |
Posted - 12/26/2008 : 19:37:59
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Things are looking better after my recent 2 consecutive skunks. After 23 fed rolls and 11 cwrs, I have a 50,60, and 64. 2 dimes from the fed rolls and one from the dimes that were tithed.
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misteroman
Administrator
USA
2565 Posts |
Posted - 12/26/2008 : 21:24:19
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| yup,bags here as well.No rolls to tear open |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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knibloe
1000+ Penny Miser Member
USA
1066 Posts |
Posted - 12/26/2008 : 21:33:20
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| Bags are the way to go. like misteroman said, no unwrapping. You could sort the bag in less time than it would take you to unwrap the rolls. |
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Dan52
Penny Collector Member
USA
422 Posts |
Posted - 12/27/2008 : 16:08:59
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Rolls in boxes come with their own wrapper for re-rolling (loomis, not brinks. Brinks have plastic ), bags don't. Thought I should mention that.
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Edited by - Dan52 on 12/27/2008 16:10:00 |
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cwgii
Penny Hoarding Member
USA
924 Posts |
Posted - 12/27/2008 : 17:10:02
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| who rerolls? i take it back in bags. no charge. other than the fact it takes up to a week to get the credit to my acct. |
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natsb88
Administrator
USA
1850 Posts |
Posted - 12/27/2008 : 17:15:36
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quote:
Originally posted by cwgii
who rerolls? i take it back in bags. no charge. other than the fact it takes up to a week to get the credit to my acct.
Many banks, if not most, won't accept bagged or loose coin. My bank only takes rolled coin, and I haven't been able to find a free coin counter anywhere in this area. Granted I don't sort often and haven't made much of an effort to find one... |
Nate
The Copper Cave
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Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 12/27/2008 : 21:05:12
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I think it was the 17th bag of loose Halves I brought in, they counted them up and got $500 on the nose (again) after I told them there was $500 in the bag (again).
After a brief discussion among the manager and the tellers (some I had coached in Co-ed softball) they now give me the plastic bank bags and just ask me to put $500 in them when I dump. It save time for everybody involved. One of the advantages of living in a small town(and maybe selling Ikes to them at cost helps a bit, too).
Funny, I still wrap my Pennies and bring them back in a used box. |
There's profit if you melt things!!
8{> |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 12/28/2008 : 07:46:45
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find the largest branch in town that deals with commercial clients - they are most likely to accept bags.
dump counters - many credit unions have these. i live in a large city with maybe 50 credit unions. many are now open to folks who live in a specific county - membership rules are much more lenient these days. also, many have reciprocal privileges, so you can make a deposit to your account (i.e. dump in their coin counter) and have it count towards the account at your CU. Better yet, CU's are a source of bagged coins. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 12/28/2008 : 10:30:20
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quote:
Originally posted by cwgii
who rerolls? i take it back in bags. no charge. other than the fact it takes up to a week to get the credit to my acct.
That sucks. I get instant cash for my loose returns.
Deal |
Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
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Dan52
Penny Collector Member
USA
422 Posts |
Posted - 12/29/2008 : 11:31:55
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Well, I got up this morning and went and bought the $1000 bag and a box for good measure. After 5 rolls from the bag, I got my first silver...a 64. The box was dated Mar22 of 2007. This time of year I like getting boxes dated November and December. Those are the months people turn in their collection for xmas expenses. Also, I finished the last of the three boxes of nickels I've had lying around for the past month. Got one 1942 P war nickel. Those have become few and far between.
Update:
Ok folks, the bag is turning out to be a good deal. Here's what I have:
After only 2.5% of the bag sorted - 1964 roos
After only 17% of the bag sorted - 1953 roos
After only 20% of the bag sorted - 1959 roos
After only 23% of the bag sorted - 1964 roos
After only 26% of the bag sorted - 1960 roos
After only 42% of the bag sorted - 1964 roos
I hope this keeps up!
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Edited by - Dan52 on 12/29/2008 22:29:22 |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 12/29/2008 : 18:13:46
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Go, go, go....
Deal |
Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
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Bluegill
1000+ Penny Miser Member
USA
1964 Posts |
Posted - 12/29/2008 : 18:38:26
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quote:
Originally posted by Dan52
Well, I got up this morning and went and bought the $1000 bag and a box for good measure. After 5 rolls from the bag, I got my first silver...a 64. The box was dated Mar22 of 2007. This time of year I like getting boxes dated November and December. Those are the months people turn in their collection for xmas expenses. Also, I finished the last of the three boxes of nickels I've had lying around for the past month. Got one 1942 P war nickel. Those have become few and far between.
Update:
Ok folks, the bag is turning out to be a good deal. Here's what I have:
After only 2.5% of the bag sorted - 1964 roos
After only 17% of the bag sorted - 1953 roos
After only 20% of the bag sorted - 1959 roos
After only 23% of the bag sorted - 1964 roos
I hope this keeps up!
I'm under the impression this is a bag of rolls... Not a bag of loose dimes.
A ¼ of the way through the bag and you already found four Ag, that is excellent.  You are already averaging the equivalent of 1 per box.
Keep us posted. 
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pennyman
Penny Pincher Member
USA
101 Posts |
Posted - 12/29/2008 : 18:39:36
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| It sounds like the bag is doing really good for you. Keep it up |
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Dan52
Penny Collector Member
USA
422 Posts |
Posted - 12/29/2008 : 20:00:51
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| Its a bag of loose dimes. 10,000 dimes, 200 rolls. I have 5 silvers at 26% of the bag done. Thats 2600 dimes or just over one box. I'm running at 5 silvers per box (well, a little over one box). I reroll as I go. I used rolls to show the position of the first dime in the sort. Thats because I couldn't say if it was the 220th dime, 209th dime, 243rd dime, etc, etc. |
Edited by - Dan52 on 12/29/2008 22:53:49 |
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Dan52
Penny Collector Member
USA
422 Posts |
Posted - 12/30/2008 : 22:54:47
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Finished the bag. 8 silvers and one proof (1985s very good condition)
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Bluegill
1000+ Penny Miser Member
USA
1964 Posts |
Posted - 12/31/2008 : 17:28:42
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quote:
Originally posted by Dan52
Finished the bag. 8 silvers and one proof (1985s very good condition)
That is the equivilent average of 2 per box, respectable numbers. That bag was definitely worth buying.
Now go get those 4 boxes you were asking about. Ag is flowing good right now.
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Edited by - Bluegill on 12/31/2008 17:30:03 |
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PreservingThePast
1000+ Penny Miser Member
USA
1572 Posts |
Posted - 12/31/2008 : 20:42:01
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quote:
Originally posted by Dan52
Finished the bag. 8 silvers and one proof (1985s very good condition)
Awesome finds. Congrats!
Continued success. |
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pennyman
Penny Pincher Member
USA
101 Posts |
Posted - 12/31/2008 : 22:57:59
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| Great finds. Lets hope those bags keep having those numbers of silver coins |
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$1000 bag of dimes....???
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