by Locutus » Sun May 29, 2011 1:25 pm
Coin roll search for 5/27/2011 and 5/28/2011 (only looking for silver, not NIFC or other interest)
18 loose rolls of halves, CWR, one 1966.
The following seven boxes were CWR from my credit union. All were short to varying degrees with up to 19 rolls per box short by one or two coins. I suspect that these were gone through by another collector, but silver found was not replaced by clad to bring each roll up to 20 coins. It was obviously deliberate. A pox upon that person for his dishonesty! Instead of taking these to my usual dump bank I'll take them back on Tuesday to see if I can work something out with the credit union. They keep a paper trail on everything but since I discovered the shortages at home, I'm probably S.O.L. That is, I probably can't prove it to the CU's satisfaction, even though I kept a log.
With my digital scale I can tell a shortage instantly by weight. A full roll is about 226 grams, whereas a single missing coin brings the weight down to about 214 grams. So in the future I plan to weigh every CWR that I buy--at the teller counter.
Karma did catch up to the dishonest collector though, through his own ineptitude. One of the rolls had nineteen 1964 Kens and one 1967 Ken, my first solid silver roll! So while all these boxes were shorted pre-searched skunks (except this one roll), I did come out ahead. Probably his best roll too, inadvertenly returned to the box.
$500 halves, Box #42: Skunk & $5.00 short
$500 halves, Box #43: Skunk & $3.50 short
$500 halves, Box #44: Skunk & $8.00 short
$500 halves, Box #45: Skunk & $9.00 short
$500 halves, Box #46: Skunk & $9.00 short
$500 halves, Box #47: Full roll silver--nineteen 1964 Kennedys & one 1967, box was $12.50 short
$500 halves, Box #48: Skunk & $6.00 short
The rest that follow were all boxes I ordered from my pickup bank, all BWR.
$500 halves, Box #49
7-1964
2-Franks
2-Walkers--1934, 1946
1965
1966
2-1967
2-1968D
$500 halves, Box #50, Skunk
$500 halves, Box #51, Skunk
$500 halves, Box #52, Skunk
$500 halves, Box #53, Skunk
$500 halves, Box #54
1967
1968D
$0.50 short
$500 halves, Box #55
3-1968D
$500 halves, Box #56
2-1967
1968D
$500 halves, Box #57
1967
1968D
$500 halves, Box #58
1966
$500 halves, Box #59
2-1964
1967
2-1968D
$500 halves, Box #60
2-Franks
1943 Walker
1964
1967
1968D
1969D
$500 halves, Box #61, Skunk
$500 halves, Box #62
Franklin
1946 Walker
1966
4-1967
2-1968D
1969D
$500 halves, Box #63, Skunk
$500 halves, Box #64
1967
1969D
$250 Dimes, Box #2
1952 Roosevelt
$100 Nickels, Box #2
1944P
1945P
Canadian Nickels: 1985, 2-1986, 1990, 1992, 1996, 1999
Summary:
Walkers--4
Franklins--5
1964 Kennedys--29
40% Silver Kennedys--36
Silver dime--1
War nickels--2
Foreign--7
Shortages: $53.50
Face value of silver coins found: $37.20
Value of silver content: $730.86
(Based on Friday's closing spot of $37.96 as reported by Coinflation.com)
I probably won't be doing very many dimes or nickels in the future, just a box each every so often to gauge a trend in silver content. Dimes take longer than halves, and nickels take WAY longer than either halves or dimes, since I have to look at the date on every nickel.
I did discover a timesaver though. It turns out that bank branches that take CWR have to break open the rolls and dump the coins in a bank bag before they ship them out. My dump banks' vault tellers and I worked out an agreement that I would save them this step, (and my time in rewrapping) by simply dumping my searched coin in bags myself rather than wrapping. This saves me about 15 minutes per box. So I ordered a box of 100 plastic coin bags from my dump bank ($48.00). Cheaper than wrappers, actually, at $0.48 per bag. My dump bank will even cash me out without depositing to my account first, which to me is important since my dump bank has my joint account, but the funding for the coins comes from a separate account (inheritance).
Last edited by
Locutus on Mon May 30, 2011 10:23 am, edited 1 time in total.