Todays searches 04-17-2007

[GMan00001]

Well, most of what I picked up today will have to wait until another day.

At the first bank, I picked up 2 - $50 bags of pennies, and a $1000 bag of dimes (the last bag of pennies seemed to have more pre-1941 pennies from this location and this is the first bag of dimes to fill up since, hoping someone had a big bunch of older coins that got cashed in).

Second bank - no bags available (new branch that doesn't run much coin yet)

Third bank - picked up my ordered 2 boxes of halves.

Fourth bank - picked up 2 - $50 bags of pennies and 1 - $100 bag of nickels

Fifth bank - picked up 1 - $50 bag of pennies and 1 - $200 bag of nickels

Last bank - Cashed in the last approx $150 in reject pennies from last week (found out my biggest canvas bag can hold about that much and still be held shut by a rubber band).

Probably take me all week to complete the searches:
2000 half dollars to search
10000 dimes to search
6000 nickels to search
25000 pennies to search

Just completed box 1 of the halves:
1 - 90% Kennedy (1964-D)
1 - 40% Kennedy (1968-D)
3 Post-2001 Kennedy (2003-D(2), 2005-D)

Need 4 more silver half dollars to cross the 500 threshold for the year, hoping the next box gets me there.

 

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[low xtreme]

sounds good. looking forward to seeing the results. 8)

 

[coinlover]

do most banks have bags of coins? which banks have them? good luck on you coins!

 

[scotto]

Good luck. I see you've got a pile of pre-60 nickels, do you save all of them or just keep a total?

 

[LJ]

Gman - Your a machine!! Good luck & keep us posted.

 

[GMan00001]

The second box of halves didn't produce much. :P

1 - 40% Kennedy (1968-D)


************************
From the $100 bag of nickels
************************
1 - 1943-P War Nickel
22 other pre-1960 Jefferson (1939, 1940, 1940-D, 1940-S, 1941-D, 1946, 1946-D, 1947, 1948-D, 1952-S, 1953-D(3), 1954-D(2), 1954-S, 1956-D(2), 1957-D(3), 1958-D)

2 Canadian (1975, 1976)
Also had 1 penny, 1 dime

************************
From the $200 bag of nickels
************************
1 - 1942-S War Nickel
1 - 1943-P War Nickel
48 other pre-1960 Jefferson (1939(2), 1940(2), 1941(2), 1941-S Large S, 1946(8), 1946-S, 1947-D, 1947-S, 1948(4), 1949, 1951, 1952-S, 1953-S, 1954-S, 1955-D(2), 1956-D(6), 1957(2), 1957-D(6), 1958-D(3), 1959-D(2))

18 Canadian (1968(2), 1975, 1976, 1978(2), 1979, 1981, 1982, 1984(2), 1985, 1986, 1987(2), 1995, 1999, 2001-P)

Good luck. I see you've got a pile of pre-60 nickels, do you save all of them or just keep a total?

I keep 'em all. My goal is to get a roll of each year/mintmark. In addition I am saving the duplicates.
I have a 40-coin roll of all pre-1960 Jefferson nickels except:
1938
1938-D
1938-S
1939-D
1939-S
1941-S Large S
1942-D
All 11 War Nickels
1946-S
1947-S <-- either complete or 1 short, I think I just completed it
1948-S
1949-S
1950
1950-D
1951
1951-D
1951-S
1953-S
1955
1958

do most banks have bags of coins? which banks have them? good luck on you coins!

If they have a coin counting machine then yes. However, not all banks will sell them to you. I finally found a local bank (one with a few branches) that will sell me all the bags I want as long I don't bring them back (and they have some available). This allows me to turn up the volume without needing to chase all over to buy a box or two here and a box or two there (significant savings on gas/car costs). Additionally the bank is happy because they no longer need to pay to ship these bags out via armored car. So its a win-win situation for both me and the bank. The only losers are my dump banks which will now have to pay to process additional coins....

Another positive about buying bags is you are more likely to find odd coins that wouldn't fit in a roll, particularly foreign coins. A negative note is the count is typically not exact due to other objects, missorts, etc. I have not noticed any major miscounts usually just a few coins, but that is why I am sticking mainly to pennies and nickels for the bags. Even if I am 25 pennies short, still not a big deal. Bags of dimes I will be picking up only occasionally as the risk of a costly miscount is a little higher, but when I get a good bag of pennies/nickels which produces more older coins and I can buy the bag of dimes that was on the machine when those were cashed in, I usually will just in case someone either cashed in a collection or had change that had been sitting around for years. Similar story with quarters except I have to be pretty sure that the bag is worth it as a few pennies in place of quarters start to add up quickly. Especially when the typical return on quarters is not good. Halves I buy every bag I can get my hands on. Dollars, to date I have taken a pass.

Summary of my current searching strategy:
Pennies - Buy as many bags as I can search (unless I detect major counting shortages, major overages are ok )
Nickels - Same as pennies, but bags less readily available due to slightly lower circulation
Dimes - Buy when indications are good that older coins might be available or just bored, otherwise boxes are a good alternative.
Quarters - Usually just get boxes to avoid miscount shortages, unless quite sure that something good is in the bag.
Halves - Any way I can get them is good.
Dollars - Don't search them much, but I would probably stick to boxes mainly if I had pick.

Sorry to ramble a bit.


Next on to the $1000 in dimes. Already saw one silver from a glance at the top of the bag. Here's hoping there's more.

 

[coinlover]

i thought those machines rejected silver? i know coinstar does.

 

[GMan00001]

i thought those machines rejected silver? i know coinstar does.

Depends on how tight the machine is calibrated. Or else maybe it just rejects really worn down silver 'cause it gets too light.

Glad the machine at this bank didn't reject silver.

From the $1000 bag of dimes:
7 silver Roosevelt
1 - 1953-D
1 - 1958-D
1 - 1962-D
1 - 1963
3 - 1964-D

1 Canadian Silver (1965)
21 Other Canadian (1968, 1969, 1975(3), 1977, 1978, 1980, 1982, 1983(3), 1984, 1985, 1986, 1988, 1992, 1993, 1994, 1998, 1999)

4 Foreign
Ecudor, 10 Cents (2000)
Great Britain, 5 New Pence (1991)
Panama, Decimo De Balboa (2001)
Portugal, 1 Euro Cent (2002))

Also got 5 pennies and 1 quarter from the bag.

 

[GMan00001]

Completed the first bag of pennies a few minutes ago.

15 wheat pennies (1913, 1925, 1936, 1944, 1944-D, 1945-S, 1946, 1946-D, 1948, 1949, 1952-D, 1953-D, 1955-D, 1956-D, 1957-D)

16 Canadian (1962, 1963, 1965, 1970, 1971, 1972, 1973, 1977, 1978, 1979, 1981, 1983, 1990, 1993, 1999, 2005)

and a 2000 with what appears to be a die crack on the reverse.

 

[GMan00001]

Finished off the second bag of pennies tonight.

pretty bland selection of wheats
17 wheat pennies (1945-D, 1946, 1946-D, 1949-D, 1950-S, 1952-D, 1954-D, 1956-D(3), 1957-D(2), 1958-D(5))

a few Canadian as usual.
18 Canadian (1959, 1961, 1963, 1972, 1976, 1978(2), 1979, 1981(3), 1985, 1986, 1987(2), 1994, 1999, 2000)

And a first for me
a 1992-D Close AM

 

[GMan00001]

I was trying to figure out how much the 1992-D Close AM was worth. The only site I could find with any prices was the following PCGS link where they list the 1992-D Close AM Red-Brown in MS-60 as $2550.00.

http://www.pcgs.com/prices/frame.chtml?type=date&filename=lincoln_cent_mod

Anyone on here have any knowledge if that's right (or even close for that matter)? Let's just say my heart skipped a beat when I saw the numbers. Also from reading a few other posts it appears that the variety is rather rare, so hoping for the best.

FYI: Looked at 3,204 1992-D pennies in 2007 plus at least 1,929 in 2006 before finding this one.

Here are some pics:

 

[Immy]

GMan my friend, how does it feel to find a needle in a haystack? From an article by Ken Potter in the May 2, 2005 issue of Coin World:

"It should be noted that an exceedingly rare 1992-D Lincoln cent it known mated with a Close AM reverse die, which precedes the apparent launch of the introduction of this type by a year. It is suspected that the new dies were sent to the Denver Mint (from the Philadelphia Mint) late in 1992 to launch in 1993 with one escaping into production a bit early.
The last example that traded that I [Ken Potter] am aware of sold at $2,800 for a Brilliant Uncirculated specimen. I confirmed that the owner of that coin received and turned down later offers of $5,000."

Send that baby to PCGS or NGC right now and congrats on a find that may make the papers!

 

[Pennyworth]

OK, so GMan found one in 5,000- 1992D pennies searched. That's an extrodinary amount to look at. My question is approximately how many of these exsist? In the beginning I was looking at the back of the pennies of certain dates for this error but never found anything so I stopped looking for them. lol I'm not sure if I want to continue to look for a needle in haystack or not. :P

Congratulations GMan on a RARE and HIGHLY valuable find! WTG!!

Also congrats on the 7 silver Rosies and 1 silver Canadian dime!

 

[LJ]

Wow GMan.....incredible find!!! After all the coins you have been through....you deserve it. Please keep us posted on this.

I agree with Immy about the "needle in a haystack"......congrats.

 

[AgCollector]

...Send that baby to PCGS or NGC right now and congrats on a find that may make the papers!

I agree. It looks like the real deal- congratulations!

 

[fiatboy]

Congratulations! Break out the champagne! Well done, Gman. You deserve it!

 

[coinlover]

nice find! i check all of the wide am/close am varities as well. i don't coin roll hunt yet, but i still check! that coin you found is worth at least $500!

 

[HobBob]

Wow, great find! I've looked at penny reverses until cross-eyed, but never found one of those!!
Good job and congrats!
HH,
Bob

 

[GMan00001]

Congratulations! Break out the champagne! Well done, Gman. You deserve it!

hmm... its Sunday, liquor stores around here are closed....guess the champagne will have to wait.

Thanks for the information Immy. Might have to consider sending it in

On a more mundane note, finished the last 3 bags of pennies for the week today.

*****
bag 3
*****
11 wheat pennies (1939, 1940, 1944(2), 1945-D, 1948, 1948-D, 1953-D, 1955-D, 1956-D, 1958-D)

29 Canadian (1963(2), 1964, 1969, 1970, 1975, 1976(3), 1978(4), 1981, 1983(2), 1984, 1985, 1987, 1988(2), 1994, 1997(2), 1998, 1999, 2000(2), 2005-P)

*****
bag 4
*****
1 Indian head penny (1905)

15 wheat pennies (1930, 1941(2), 1942, 1945, 1945-D, 1946(2), 1951-D(2), 1953-D, 1956-D(2), 1957-D, 1958-D)

33 Canadian (1955, 1961(2), 1963, 1964, 1965(2), 1971, 1972, 1975, 1977(3), 1987, 1979, 1980, 1981(2), 1982, 1983, 1984, 1987, 1991, 1994(2), 1995, 1996, 1997, 1998, 1999(4))

*****
bag 5
*****
17 wheat pennies (1937-D, 1940(2), 1944-D, 1945, 1945-D, 1946-D(3), 1947-D, 1948-D, 1953-D, 1955, 1955-D, 1956-D, 1957-D, 1958-D)

24 Canadian (1956, 1964, 1965, 1972, 1976, 1978(2), 1980(2), 1981, 1982, 1983(2), 1986, 1991(2), 1992(2), 1995(3), 1999, 2001, 2004)


Also though unrelated, got a chance to try out my new metal detector that I bought on Friday for the first time today for a couple hours. Found 7 memorial pennies, a dime, and few other odds and ends before it got too dark.


Tomorrow is cash in day for this week. Only approx. 10,000 dimes, 2,000 nickels, and 25,000 pennies to cash in tomorrow. Wonder which bank(s) I should pick on this week....

 

[Immy]

Terrific stuff, GMan! Kudos on all the wheats and that one little Indian! That's anything but mundane.

A metal detector too? I guess you've decided the few hours of sleep you get can be put to better use. If you approach MD-ing like you do CRH-ing those dirty coins don't stand a chance!

Look forward to your results.