Beginning of the End (of the Year Round-up.)

[cwilk]

End of the year means its time to clean up all those finds you've neglected, figure out once and for all if that junk ring is really silver or something better (it rarely is), sell or find a good home for all that gold and silver, and make that final clad coin bank deposit.

Today I tumbled all my odd coins and deposited them ($40.50) and took all my one cent coins from this year and last year to the Coinstar for free counting and an Amazon gift certificate. I have been buying silver coins in the amount of my penny total every 1500 coins and putting the pennies in my penny jar. I got a GC for over $74.66 and bought three Christmas gifts (for myself!) a new digital scale for MD and 2 DVDs.

I updated my brag book and put that dime form 12/1 in a 2x2 as my final coin in 2008. Even if the weather turns nice, I am resting my back. 2008 is over.

Prior to 12/15 I am going to figure out what to do with all my silver items. Probably give a few as gifts and the rest on the scrap pile then deposited.

Prior to 12/31 all my gold items. All except two best on the scrap pile then deposited.

In January I'll sort through my relics and figure out what to keep and what to toss.

Here are the one cent coins the counter rejected more that 10 times. Out of respect for our friend, I am going to place them back into circulation as he would have done. Sorry Steve they have been tumbled.

Chris

 

[lazyaussie]

sorry to hear your detecting year is ending hopfully that white stuff will go away soon so i can see all those great find you always make.
i"v been thinking about recycling those unusable coins back to the tot lots so someone else can find them we use the unusable in parking meters & coke can dispensers i was also thinking of making a money garden out back but i think the kids would pinch them & try to buy Lolly's with them .
hope the back gets better soon.
lazyaussie

 

[dahut]

I like it. Nice planning, Chris

I never really have to stop detecting, as it rarely gets cold enough here for long to matter. I tend to slow up in the summer, though, and just hit the lakes - it's too hot to be out in the dirt then!

I just use the corroded zincs in change. The badly eroded ones I usually toss, but if more than 3/4 of the coin remains, I use it. The rest of them go into a roll, and into the pile, along with the clad fractionals. Don't know what I'll spend them on, this time around.

 

[John-Edmonton]

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[dahut]

... according to US Mint standards, a coin or currency bill needs to only be 2/5 intact to be considered viable.
With that limit in mind, most of your otherwise worthless zincers are back in the game! So you have to separate your coin into machine and non-machine fodder, should you choose to use the supermarket sorters.
That's what I do... sort the zincers into "good," "not so good" and "cull" piles. I end up tossing the culls in the trash.

The Coinstar machines don't reject those crummy Zincers because they are no longer useable as coin, of course. They reject them because they risk jamming if they pass them!!

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On a side note, I do like the Coinstars. But, for every dollar they process, they take 9 cents plus some fraction of a cent as a usage fee. Put another way, that's almost a dime cut from every dollar they handle. I know they can't do it for free, but you're essentially giving up 10% to use them. Then you pay taxes on whatever you purchase with money "laundered" by them.

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[cwilk]

Coinstar is free (no counting fee) if you get gift certificates (Amazon) which I always do. I would not give ANY percentage of my hard earned detecting finds to anybody let alone a stranger.

Chris

 

[cwilk]

As you might have read (I have written it before) whenever I accumulate 1500 tumbled pennies (cents) I turn them into silver coins via metamorphosis. I suppose I should add I do not take the actual coins into the coin shop because the owner would probably put me out. I dump the 1500 coins into my penny/nickel jar and when that gets full I use it in the Coinstar machine to get Amazon gift certificates because they count for free if you do that. This year (200 I found 3704 total cents so I got silver coins twice and I now have $7.04 in an envelope waiting for the first 796 pennies of 2009. That batch will feature US silver coins from 1961 as I'm working my way back fro 1964.

I assume you did not force your coin dealer to take your cruddy clad for that old gold coin.

Chris

 

[John-Edmonton]

No....those extra rotten zincs get put into rolls ( a few here, a few there) for the bank, and some tend to slip out to 7-ELEVEN Stores as change. My coin dealer doesn't want them either, and I sure wouldn't force them on him. Some of those real ugly bent ones get straightened out with a good blow from a hammer. I am aware that you cash in every 1500 pennies , but those real ugly ones are the ones that I really pride my coin metamporphasis with .

 

[John 'n' W.Va]

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[dahut]

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[Uncle Willy]

I use my pennies and some of my other tector coins to buy the Standing Liberty silver dollars whenever someone has a special on them. I have some of the first ones that I bought for a song and they're now worth about $40 and up apiece. I just bought several new ones for $12.45 each. In a year or three they will triple or quadruple in price. I'm fixing to buy some more.

Bill

 

[dahut]

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[cwilk]

Has same obverse as Walking Lib Half.

Chris

 

[cwilk]

My normal online silver dealer just had a special and I bought 2 rolls for almost that same price. I think we're shopping at the same store. Great looking coin/bullion.

Chris

 

[dahut]

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