Something to pick out in every handful 03-04-2008

[GMan00001]

Picked up 2 bags today.

1 - $1000 bag of dimes
1 - $50 bag of pennies.

The pennies were typical.
15 wheat pennies (1941(2), 1941-S Small S, 1945, 1945-D, 1946-D, 1947-D(2), 1952-S, 1953-S, 1954-D, 1955-D, 1957-D, 1958-D(2))

23 Canadian (1950, 1957, 1961, 1965, 1973(2), 1977, 1978, 1979(2), 1981(2), 1982, 1986(2), 1987, 1988(2), 1991, 1998, 2000, 2002, 2005-P)


The dimes had something to pick out in every handful...unfortunately most of them were coins of the wrong denomination.

ended up with
2 pre-1965 Roosevelt (1963-D, 1964-D)

1 - 1955 Silver Canadian dime
1 - 1964 Silver Canadian dime
12 other Canadian (1972(2), 1975, 1977, 1980, 1981, 1982, 1983, 1988(2), 1991, 1996)

4 Foreign (Australia, 1 Cent (1973), Australia, 5 Cents (1982), Ireland, 2 Pence (1998), Mexico, 50 Centavos (2005))

29 Quarters
12 nickels
64 pennies

Which in total means I am likely around $2 short.

 

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[TxTim]

That is strange!
All those quarters?
Must have been a big spill during a bag change or something - weird!!!

 

[AFModell]

Thats quite the variety for a bag of pennies and dimes. Nice doings.

 

[Immy]

Let's see...

You invested $1,000. The US coins that were non-dimes, 146 of them, add up to $8.49. So that's a loss of $6.11 since those coins replaced $14.60 in dimes. If you factor in the four non-Canadian foreigns that's another 40¢ hit making your total loss $6.51 (We'll consider the Canadian dimes equal in value since the exchange rate is just about even).

But...

If you factor in the value of the US silver dimes ($3.0035568) plus the value of the Canadian silver ($2.4912)you get $5.50. But of course you have to subtract the face value of the silver dimes (40¢) and you get $5.10, which when subtracted from the total loss of $6.51 means your net loss is [red]$1.41.[/red]

I say give it up GMan, this is costing you too much!

Take the pills Immy...

 

[TT]

Isn't the quality control with checks and balances wonderful within the banking system. The long held statement of "the bank never makes mistakes" is such a joke...always was and always will be. Nice pull on the silver. Some is better than none.

 

[GMan00001]

You invested $1,000. The US coins that were non-dimes, 146 of them, add up to $8.49. So that's a loss of $6.11 since those coins replaced $14.60 in dimes. If you factor in the four non-Canadian foreigns that's another 40¢ hit making your total loss $6.51 (We'll consider the Canadian dimes equal in value since the exchange rate is just about even).

hmm...something wrong with your math.
The bag of dimes was $1000
29 quarters = $7.25
12 nickels = $0.60
64 pennies = $0.64
4 foreign = $0.00
-----------------------
109 coins = $8.49

109 dimes would have been $10.90 - $8.49 that I actually got = $2.41 short.

If you factor in the value of the US silver dimes ($3.0035568) plus the value of the Canadian silver ($2.4912) you get $5.50. But of course you have to subtract the face value of the silver dimes (40¢) and you get $5.10, which when subtracted from the total loss of $6.51 means your net loss is [red]$1.41.[/red]

I say give it up GMan, this is costing you too much!

If the silver is $5.10 - $2.41 - $0.40 = +$2.29


Now just by chance when I cashed in today, the machine added an registered 1 - $1 coin and 1 - $0.50 coin so in actuality I lost very little.

I say give it up GMan, this is costing you too much!

If I CRH'ed for the profit I would have given it up long ago. There are much easier ways to make $1.

 

[Immy]

Lousy Walmart calculators...