just getting started...good find, i think?
Posted: Sat Sep 18, 2010 1:50 amHi everyone,
newbie to the site, and am having a blast reading around the archived forums. I've been following the metals market for a while now and coin collecting has peaked my interest ever since I went through a small coin collection my grandfather left me. He has some good jems in there such as some Indian Head rolls, Wheats, and plenty of coins containing silver, such as uncirculated proof sets, etc.
I think I'm starting to become an addict to this stuff. Still working on finding a decent dump-bank. Drove around to many today and couldn't find any with a coin machine in the lobby. One CU had a Coinstar but they charged 8% for non-members and 4% for members. I've been around to many banks buying pennies and the ones I seem to have the most luck at are BoA's which just easily give me the $25 boxes and don't look at me funny. The others I tried don't seem to have boxes, or if they do they aren't used to someone buying them off the streets maybe? My one idea for getting rid of zincs are to just take $1 in rolls into work 5 days a week and exchanging them with the rolls the business gets from the bank. Obviously I'll still build up plenty more zincs, but I figure this will be a good way to not annoy the banks too much. Any advice on this front will be very useful for me.
Anyways, at another BoA I bought $25 and they didn't give me a box but rather 5 rubber banded wraps of $5 each. I was sorting through them with pretty good success (i'm tracking my finds/percentages in an excel as I'm a hand-sorter), the last $5 rubber band I got to, I noticed on the penny rolls they were labeled 96D, 95D, 95D, 84D, 82D, 80D, 77D, 77D, and 65P.
So out of the $5 bag I got 250 / 500 = 50% copper. Not bad...
Also so far I got a decent Wheatie that looks like a good value a 1911 which seems to have the best numismatic value of all the Wheats I've gotten so far.
Anyways, just wanted to introduce myself!
-geewhzz
newbie to the site, and am having a blast reading around the archived forums. I've been following the metals market for a while now and coin collecting has peaked my interest ever since I went through a small coin collection my grandfather left me. He has some good jems in there such as some Indian Head rolls, Wheats, and plenty of coins containing silver, such as uncirculated proof sets, etc.
I think I'm starting to become an addict to this stuff. Still working on finding a decent dump-bank. Drove around to many today and couldn't find any with a coin machine in the lobby. One CU had a Coinstar but they charged 8% for non-members and 4% for members. I've been around to many banks buying pennies and the ones I seem to have the most luck at are BoA's which just easily give me the $25 boxes and don't look at me funny. The others I tried don't seem to have boxes, or if they do they aren't used to someone buying them off the streets maybe? My one idea for getting rid of zincs are to just take $1 in rolls into work 5 days a week and exchanging them with the rolls the business gets from the bank. Obviously I'll still build up plenty more zincs, but I figure this will be a good way to not annoy the banks too much. Any advice on this front will be very useful for me.
Anyways, at another BoA I bought $25 and they didn't give me a box but rather 5 rubber banded wraps of $5 each. I was sorting through them with pretty good success (i'm tracking my finds/percentages in an excel as I'm a hand-sorter), the last $5 rubber band I got to, I noticed on the penny rolls they were labeled 96D, 95D, 95D, 84D, 82D, 80D, 77D, 77D, and 65P.
So out of the $5 bag I got 250 / 500 = 50% copper. Not bad...
Also so far I got a decent Wheatie that looks like a good value a 1911 which seems to have the best numismatic value of all the Wheats I've gotten so far.
Anyways, just wanted to introduce myself!
-geewhzz
I enjoy looking back on those some days as much as I enjoy sorting. 