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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
 Posted - 03/23/2009 : 16:35:21
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quote:
Originally posted by fb101
Slickeast I'm supposing your 3/17 post means a 5th box for the morning.
Yes I went through 4 boxes on the 17th and 1 box on the 18th.
The totals were in each post. ( 2 40%(17TH) and the 87d NIFC(18TH))
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You don't have to be the BEST you just have to be.......SLICK
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 03/23/2009 : 16:37:36
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quote:
Originally posted by HoardCopperByTheTon
[br
$100 Quarters - skunk - 70 cents short
How is $100.00 in Quarters short 70 Cents? |
You don't have to be the BEST you just have to be.......SLICK
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fb101
Administrator
USA
2856 Posts |
Posted - 03/23/2009 : 17:33:49
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quote:
Originally posted by slickeast
quote:
Originally posted by HoardCopperByTheTon
[br
$100 Quarters - skunk - 70 cents short
How is $100.00 in Quarters short 70 Cents?
HCBTT does things the rest of us can only aspire to.... |
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Edited by - fb101 on 03/23/2009 17:35:06 |
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fb101
Administrator
USA
2856 Posts |
Posted - 03/23/2009 : 17:34:42
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$100 Nickels skunked
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coppernicus
Penny Collector Member
USA
383 Posts |
Posted - 03/23/2009 : 18:40:53
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$100 in nickels... skunked
$120 in halves... nothing |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 03/23/2009 : 20:12:48
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Hello Everyone,
I'm new to the Realcent forum. I love to look over half dollar rolls. Here's what I found looking over my last four $500 boxes of half dollars:
Box 1 : 2 1964's, 37 Silver Clads, 1 1980-s Proof, 11 NIFCs
Box 2 : 2 Silver Clads, 1 NIFC
Box 3 : 1 1964, 7 NIFCs
Box 4 : 1 1982-s Proof, 2 NIFCs
Box 1 was a real good box for me, almost one silver coin in each roll. These are Brinks rolls I get from my bank every week.
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---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 03/23/2009 : 23:23:04
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2 N F String boxes today:
#1:
'67P
'68D
'87P
'03P
'04P
#2:
'44 Walker - not the worst worn one I've ever seen
'86S
'87S!
'71S
'02P |
There's profit if you melt things!!
8{> |
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WIZARD1
Penny Sorter Member
USA
48 Posts |
Posted - 03/24/2009 : 07:13:36
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| Todays count 1000.00 bag of halves 1 51 franklin 1 64 kennedy 3 clads more than I had before |
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n/a
deleted
4 Posts |
Posted - 03/24/2009 : 08:02:13
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| I'm new to the forums. Last night I did 1 box of halves - skunked and 1 box of nickels - got two war nickels. |
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Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 03/24/2009 : 14:13:09
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Welcome M.P,
Sorry about the skunk, it just means the next box will be that much better!
PS - Don't forget to put a Buck on the Lotto when you find a Walker. |
There's profit if you melt things!!
8{> |
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 03/24/2009 : 16:37:27
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2 Boxes Halves ($1000)
Box 1 - SKUNK
Box 2 - '07 D NIFC
Who is getting all my Silver? You can PM me and I will give you my address so you can send it to me. |
You don't have to be the BEST you just have to be.......SLICK
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 03/24/2009 : 20:41:17
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Just a thought. Are we doing harm to ourselves posting this subject matter? I know I started the tally part of it, but when I see a link on kitco to this thread, too much press will take away from our hauls.
Thoughts? |
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n/a
deleted
64 Posts |
Posted - 03/24/2009 : 20:44:53
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Tried my first Dunbar bag...should have known it was no good when I spotted the taped over slice as I got it home. Silver skunk and $10 short to boot. But found a gold colored JFK...what the heck is that, anyway?
Interesting point oober, maybe a code could be developed? |
"it is the tradition that a Kentuckian does not retreat, he does not have to" |
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fb101
Administrator
USA
2856 Posts |
Posted - 03/24/2009 : 20:47:45
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quote:
Originally posted by oober
Just a thought. Are we doing harm to ourselves posting this subject matter? I know I started the tally part of it, but when I see a link on kitco to this thread, too much press will take away from our hauls.
Thoughts?
Let's ask kitco to remove the link. |
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fb101
Administrator
USA
2856 Posts |
Posted - 03/24/2009 : 20:51:22
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| $500 halves = 25 40% and 1 walker. |
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Jefferson
Penny Pincher Member
165 Posts |
Posted - 03/24/2009 : 20:56:53
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quote:
Originally posted by oober
Just a thought. Are we doing harm to ourselves posting this subject matter? I know I started the tally part of it, but when I see a link on kitco to this thread, too much press will take away from our hauls.
Thoughts?
I just went to kitcosilver.com and kitco.com and saw nothing prominent relating to this thread.
I think that
1. The sort of people that browse there are the kind of people we would welcome here.
2. The effort involved in sorting is enough to discourage even relatively enthusiastic people, leaving only a small core of statistically significant sorters. In other words, even if many people knew that 1 out of every 160 half dollars contained silver, only a small fraction of them would really do anything about it, at least at current silver prices.
3. Unless this is picked up by the wire services we really have nothing to worry about.
I very much appreciate the totals, and put them into a spreadsheet to watch trends and to stay frustrated at my percentages/optimistic for future hauls . I vote we keep them. |
"Specie is the most perfect medium because it will preserve its own level; because, having intrinsic and universal value, it can never die in our hands, and it is the surest resource of reliance in time of war." -Thomas Jefferson
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Jefferson
Penny Pincher Member
165 Posts |
Posted - 03/24/2009 : 21:12:04
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March 2009 RC Total
Nicks
$4012 Searched
44 WN
Dimes
$6165 Searched
29 US
0 Can
Quarters
$900 Searched
0
Halves
$54819.00 Searched
605 40%
82 90%
9 Proofs
0 Ag Proofs
76 NIFCs
Not included is windage's bag: whatever the total do we subtract $10 to reflect the shorting? |
"Specie is the most perfect medium because it will preserve its own level; because, having intrinsic and universal value, it can never die in our hands, and it is the surest resource of reliance in time of war." -Thomas Jefferson
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n/a
deleted
28 Posts |
Posted - 03/25/2009 : 11:28:38
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$480 in Halves (Stupid bank sold 2 rolls out of my box!)
2x 90% (1x 1964 Kennedy, 1x Franklin)
8x 40%
I have more boxes coming tomorrow from another branch. |
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 03/25/2009 : 15:05:17
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quote:
Originally posted by Jefferson
quote:
Originally posted by oober
Just a thought. Are we doing harm to ourselves posting this subject matter? I know I started the tally part of it, but when I see a link on kitco to this thread, too much press will take away from our hauls.
Thoughts?
I just went to kitcosilver.com and kitco.com and saw nothing prominent relating to this thread.
I think that
1. The sort of people that browse there are the kind of people we would welcome here.
2. The effort involved in sorting is enough to discourage even relatively enthusiastic people, leaving only a small core of statistically significant sorters. In other words, even if many people knew that 1 out of every 160 half dollars contained silver, only a small fraction of them would really do anything about it, at least at current silver prices.
3. Unless this is picked up by the wire services we really have nothing to worry about.
I very much appreciate the totals, and put them into a spreadsheet to watch trends and to stay frustrated at my percentages/optimistic for future hauls . I vote we keep them.
Well lets hope so, the more people delving into the silver pile, the less for people like us...
I did the math sometime ago and if I took all the 90% minted from 1916 and thought is .1% was left in the wild, it would come to some 75 mil out there in silver, if it was .01% well 7.5 mil...
There still should be plenty out there in silver value... |
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 03/25/2009 : 15:07:37
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quote:
Originally posted by Jefferson
March 2009 RC Total
Nicks
$4012 Searched
44 WN
Dimes
$6165 Searched
29 US
0 Can
Quarters
$900 Searched
0
Halves
$54819.00 Searched
605 40%
82 90%
9 Proofs
0 Ag Proofs
76 NIFCs
Not included is windage's bag: whatever the total do we subtract $10 to reflect the shorting?
I dont think we need to be that accurate, at least I am not when I am totaling posts.
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Jefferson
Penny Pincher Member
165 Posts |
Posted - 03/25/2009 : 15:30:41
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quote:
Originally posted by oober
I dont think we need to be that accurate, at least I am not when I am totaling posts.
Fair enough; I'd rather be seen as too accurate rather than too lax.
I mainly did that totaling post to correct the quarter figures.
Let's just add $490 and see if anyone has an issue with that.
March 2009 RC Total
Nicks
$4012 Searched
44 WN
Dimes
$6165 Searched
29 US
0 Can
Quarters
$900 Searched
0
Halves
$55789.00 Searched
613 40%
84 90%
9 Proofs
0 Ag Proofs
76 NIFCs
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"Specie is the most perfect medium because it will preserve its own level; because, having intrinsic and universal value, it can never die in our hands, and it is the surest resource of reliance in time of war." -Thomas Jefferson
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Jefferson
Penny Pincher Member
165 Posts |
Posted - 03/25/2009 : 15:47:25
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quote:
Originally posted by oober
Well lets hope so, the more people delving into the silver pile, the less for people like us...
I did the math sometime ago and if I took all the 90% minted from 1916 and thought is .1% was left in the wild, it would come to some 75 mil out there in silver, if it was .01% well 7.5 mil...
There still should be plenty out there in silver value...
Keep in mind the melts of 1979-1980: it seems that pretty much any silver coins that people could get their hands on and didn't have a high enough numismatic premium was sold to be melted. One estimate is that only one-fourth of the silver coins made by the U.S. Mint remain in existence.
This article helps one appreciate any sort of silver found in rolls or in the wild.
You must be logged in to see this link.
AFTER THE MELTS: WHAT'S LEFT IN SILVER COINS?
Ed Reiter - January 19, 1999
Normally, the value of a coin is based on how many were made. In years to come, however, the value of silver United States coins may hinge to a greater extent on how many were lost. Millions have been melted for the recapture of their metal, and the impact on coin collecting -- while still not fully gauged -- is likely to be great as time goes by.
Most of the melting took place in 1979 and 1980, when silver bullion soared to an all-time high of $50 an ounce. At that point, common-date silver coins were worth far more as metal than as money or collectibles. Even scarcer items could be melted at a profit.
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Hendrickson himself was deeply involved in the silver melts, buying huge quantities of silver coins from customers and selling them, in turn, to refiners.
"I was part of it," he remarked, "so I can't point the finger at anybody else. I was just as guilty as anybody else. But that was the way everybody operated then; that was just the way coin dealers had to do business."
Hendrickson calculated that during 1979 and 1980, Silver Towne alone processed "thousands of bags" of silver coins that were destined for refiners' melting pots. He pointed out, however, that while that period marked the peak of the great silver melts, it was really the culmination of a process that had started more than a decade earlier, for silver coins had been melted -- surreptitiously at first and later more openly -- since the 1960s.
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Coen estimated that of all the silver coins produced by the United States Mint, only about one-quarter survived the ongoing melts. He confided that he himself sold refiners $400 million worth of fabricated silver, mostly silver coins, during the one-year period from July 1, 1979 to June 30, 1980 -- "and," he commented, "other guys were doing the same thing."
"All the low-end silver stuff got melted," he declared. "Any coins that wouldn't bring 35 bucks an ounce or more at retail -- there was no other point but to melt them.
"I remember one day melting 100 bags of 1963 Franklin halves," he related. "And, looking back, I'm glad I did. The most they bring today is maybe 6 bucks apiece, and I guess at that point I must have gotten 13 or 14 dollars each for them as dead items."
Silver dollars survived to a far greater extent than smaller silver coins, Coen reported. Nonetheless, they, too, suffered serious losses, he said.
"I personally melted a lot of uncirculated dollars," he said. "When silver went so high, they were worth more money dead than alive."
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"One of my good friends bought most of the bullion that came through New England," Carr related, "and some of the stuff he came up with -- from dealers, not the public -- was incredible.
"On this one particular occasion, he sold me a roll of brilliant uncirculated 1936-S Washington quarters that he had bought as silver from a dealer. The dealer undoubtedly bought it over the counter, never cracked the roll and never even realized what he had."
To Carr, it was no surprise that something like this could occur. In fact, he suspects that similar occurrences took place throughout the country -- often with less felicitous results for the hobby.
"You checked the stuff to a point," he said. "You did as much as you could. But during that period, you really didn't have the time to do it properly. You'd get in at 6 in the morning and work until 8 at night -- and then, at 8 p.m., when the time came to decide if you wanted to look for scarce dates, you'd say to yourself, `You know what? Maybe next shipment.'
"A lot of good coins undoubtedly got melted," he exclaimed.
Cases such as this, of course, were almost always accidents. No one with a good working knowledge of mintages and values deliberately consigned truly rare material to the melting pots.
On the contrary, key coins were almost always kept. And this led to one of the most fascinating -- and also most significant -- after-effects of the melts: a total rearrangement of relative rarity levels in every modern series of silver U.S. coins.
"Essentially," Carr observed, "the key coins now are common, since they're the ones that were saved -- and the formerly common coins are now rare, since most of them were melted.
"Take Roosevelt dimes, for example. The 1949-S and the 1955-P, D and S are probably the commonest coins in the series today in circulated condition, whereas before the melts they were the scarcest. Being worth a premium, they were saved. In circulated condition, the new key may be the 1946-D or something like that -- something where almost every available piece ended up being melted."
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"When silver hit $50 an ounce, I would say that 98 percent of the silver coins in existence were committed to smelting houses," he confided. "If the price had been maintained, most everything would have been lost.
"Fortunately," he added, "the refiners had a two- to three-month backlog, and as silver dropped in value they withdrew a lot of the coins. Even so, it's scary just thinking of what might have happened."
As it is, the great melts' aftermath has been a sobering time. So the hobby can be thankful that its hangover isn't even worse. And all of us can speculate what the really long-term impact may yet be. |
"Specie is the most perfect medium because it will preserve its own level; because, having intrinsic and universal value, it can never die in our hands, and it is the surest resource of reliance in time of war." -Thomas Jefferson
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 03/25/2009 : 15:47:28
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Meh, people are laid back here, I guarantee no one will have a problem with a contributing member.
And thanks for helping with it... Did you get January and February? I have them on page 1. |
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Jefferson
Penny Pincher Member
165 Posts |
Posted - 03/25/2009 : 15:56:33
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Yes, I have them, thanks.
Somebody needs to find a quarter in a roll so I have fewer #DIV/0 errors!
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"Specie is the most perfect medium because it will preserve its own level; because, having intrinsic and universal value, it can never die in our hands, and it is the surest resource of reliance in time of war." -Thomas Jefferson
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Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 03/25/2009 : 18:14:24
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1 $500 NF String box:
1 '65P
1 '66P
1 '67P
2 '68D
1 '69D
1 '02D
More than I had yesterday! |
There's profit if you melt things!!
8{> |
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*Official 2009 Half Dollars and Other Coins
Forum Locked
