Buying 'boxes' of coins

Update: Just to test out the theory, I started selling a few rolls at a time, but with eBay's fees, I was barely breaking even. So, now I'm selling them 8 coins at a time for about $1 apiece. I break open a T-T roll and pick out the best ones (must have six full steps and minimal - if any - 'bag marks'). I seal them up in a 2x2 and sell them 8 at a time 'Buy Now' or 'Make Offer' style. Customers seem happy - they can't beat that deal in a shop, and I've had repeat buyers and one multi-lot (7) buyer. Even after shipping (free for customer), and eBay fees, I'm averaging close to $1/coin. I sure won't get rich or retire this way (never my intention), but it's nice to know that my 'logic' (or lack thereof!) can payoff at least a little bit in the short term. I still plan on holding on to the bulk of them.

 

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the only way to get high grade non-satin nickels from that year is from bank rolls- I think you got a good deal.

 

I think they were still in the box (not searched)

 

I spend considerable time trying to get these at the bank- it is really really rare to get these at the bank- it used to be easier but I am finding it impossible. just try

 

any year between 2005-2011 non-satin rolls of dimes and nickels are going to be major winners. that low mintage actually works against you though- it means more were set aside. something like the 2006 or 2007 dimes are the real treasure. (you will never find box quantity of 2006 or 2007 dimes)

 

I've said it before, and I'll say it again... 2009's will become the new 1950-D. Hoarded en masse in high grades, so common and easy to find... prices have nowhere to go but down, adjusted for inflation.

 

This was a great thread. Learned a lot. I thought like cvicisso did that the '09s were great buys. Now, I'm sticking with silver...

 

You are probably right. But... I'm still selling them for $1 each on eBay. Even if it was a total loss (which it wasn't) - it was a fun experiment.

 

I think I may have mentioned this in another thread sometime back, but it bears repeating (imho)...

Other than allowing us to make change in incredibly minute detail, the penny, nickel, and dime have no commercial value at all...and the entire purpose of the US Mint is..."to produce coins for commerce".

If you don't believe me, try the same experiment I did. I had a Saturday free and wanted to find ANY store that had ANYTHING I could buy for 25¢. I tried Wallgreen's, 7-11, Sam's Club, Walmart, Safeway, Shopper's Food Warehouse, Home Depot, Lowe's...nothing.The Manager at Walmart (a friend of mine) search their online store catalog...still nothing.

Sure, you can buy some generic cookies, pull one out of the box, and say "Look! I bought this for 5¢"...but you can't buy just one cookie at the checkout. You can't go to McDonald's and buy just one (1) Chicken McNugget. :eating: I did find one (1) gumball machine where I could get a couple of Chicklets for 25¢...but that was it!

So, what does this have to do with the OP..."Buying boxes of coins"? ...I'm getting to that.

Most folks have said (myself included) that it's a dumb idea to buy modern, low mintage coins because they're just being hoarded and will never be worth more than they are today.

I still believe that to be true...HOWEVER, there's one scenario that could throw that whole way of thinking out the window.

It's 2008 and folks are turning in coins so fast that the Federal Reserve banks get no requests for new coins. Since there are no new orders, the Mint produces just enough coins to keep their employees occupied. The Fed gets these coins, but can't distribute them because of the damn coin collectors. They try releasing some through Puerto Rico, but the Numismatic crowd catches on quickly.

The Fed increases their orders for coins in 2010 and 2011 so they don't make that same mistake again, but they still can't get rid of the 2009 coins without widespread hoarding...so they just release the 2010s and 2011s. In the meantime, it's now 2013 and Congress comes to their senses. They decide to eliminate 1¢, 5¢, and 10¢ coins. Now that the 2009 coins are no longer legal tender, the Fed can't release them...so they're destroyed. The only 2009 nickels and dimes left are the few that actually made it into circulation...

...and YOU have a whole BOX of them!!! :u*meY: Cha-CHING!!!

 

I have 20,000 2004-2006 uncirculated Westward Journey nickels in Mint & OBW rolls, Mint bags and tubes. Taking a tip from one of our esteemed members who thinks his error coin is worth $12,000,000.00, I'll sell all of these for the low, low, low price of $14,000,000.00. Remember, they will all be in short supply when the federal government destroys all in their possession.

Chris

 

I doubt the fed is hoarding 2009 coinage.

Like, I really, really, really doubt that.

 

Well, I'm not saying the Fed is "hoarding" 2009 coinage per se, I just don't think they have a FIFO (First In, First Out) policy like they have at the corner Grocery store. They probably put the 2009 coins way back on the shelf and piled the 2010 and 2011 coins in front of them. As they take the 2010/2011 bags off the shelf, they put new ones right back in their place and never get all the way back to the 2009 coins.


[TABLE="width: 693, align: center"]


2009
[TR="bgcolor: FFFFFF"]
[TD="class: tdSmallTextBlack, bgcolor: FFFFFF"] Denver[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFFF, align: right"] 1248.00 M[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFFF, align: right"] 46.80 M
[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFFF, align: right"] 49.50 M
[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFFF, align: right"] 269.60 M[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFFF, align: right"] 1.90 M[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFFF, align: right"] 33.88 M[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFFF, align: right"] 177.10 M[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFFF, align: right"] 1826.78 M[/TD]
[/TR]

[TD="class: tdSmallTextBlack"] Philadelphia[/TD]
[TD="class: tdSmallTextBlack, align: right"] 1106.00 M[/TD]
[TD="class: tdSmallTextBlack, align: right"] 39.84 M[/TD]
[TD="class: tdSmallTextBlack, align: right"] 96.50 M[/TD]
[TD="class: tdSmallTextBlack, align: right"] 264.32 M[/TD]
[TD="class: tdSmallTextBlack, align: right"] 1.90 M[/TD]
[TD="class: tdSmallTextBlack, align: right"] 37.38 M
[/TD]
[TD="class: tdSmallTextBlack, align: right"] 175.28 M
[/TD]
[TD="class: tdSmallTextBlack, align: right"] 1721.22 M[/TD]
[TR="bgcolor: FFFFCE"]
[TD="class: tdSmallTextBlack, bgcolor: FFFFCE"] Total:[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFCE, align: right"] 2354.00 M[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFCE, align: right"] 86.64 M[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFCE, align: right"] 146.00 M[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFCE, align: right"] 533.92 M[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFCE, align: right"] 3.80 M[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFCE, align: right"] 71.26 M[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFCE, align: right"] 352.38 M[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFCE, align: right"] 3548.00 M[/TD]
[/TR]

[TD="class: tdSmallTextBlackBottom, colspan: 9"] Pres. $1 - Presidential $1 Coin
N.A. $1 - Native American $1 Coin[/TD]
[/TABLE]




[TABLE="align: center"]


2010
[TR="bgcolor: FFFFFF"]
[TD="class: tdSmallTextBlack, bgcolor: FFFFFF"] Denver[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFFF, align: right"] 2047.20 M[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFFF, align: right"] 229.92 M
[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFFF, align: right"] 562.00 M
[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFFF, align: right"] 173.40 M[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFFF, align: right"] 1.70 M[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFFF, align: right"] 48.72 M[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFFF, align: right"] 159.88 M[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFFF, align: right"] 3222.82 M[/TD]
[/TR]

[TD="class: tdSmallTextBlack"] Philadelphia[/TD]
[TD="class: tdSmallTextBlack, align: right"] 1963.63 M[/TD]
[TD="class: tdSmallTextBlack, align: right"] 260.64 M
[/TD]
[TD="class: tdSmallTextBlack, align: right"] 557.00 M[/TD]
[TD="class: tdSmallTextBlack, align: right"] 173.60 M[/TD]
[TD="class: tdSmallTextBlack, align: right"] 1.80 M[/TD]
[TD="class: tdSmallTextBlack, align: right"] 32.06 M[/TD]
[TD="class: tdSmallTextBlack, align: right"] 161.56 M[/TD]
[TD="class: tdSmallTextBlack, align: right"] 3150.29 M[/TD]
[TR="bgcolor: FFFFCE"]
[TD="class: tdSmallTextBlack, bgcolor: FFFFCE"] Total:[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFCE, align: right"] 4010.83 M[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFCE, align: right"] 490.56 M[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFCE, align: right"] 1119.00 M[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFCE, align: right"] 347.00 M[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFCE, align: right"] 3.50 M[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFCE, align: right"] 80.78 M[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFCE, align: right"] 321.44 M[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFCE, align: right"] 6373.11 M[/TD]
[/TR]

[TD="class: tdSmallTextBlackBottom, colspan: 9"] Pres. $1 - Presidential $1 Coin
N.A. $1 - Native American $1 Coin[/TD]
[/TABLE]




[TABLE="width: 705, align: center"]


2011
[TR="bgcolor: FFFFFF"]
[TD="class: tdSmallTextBlack, bgcolor: FFFFFF"] Denver[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFFF, align: right"] 1462.94 M[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFFF, align: right"] 328.32 M
[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFFF, align: right"] 474.00 M
[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFFF, align: right"] 117.40 M[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFFF, align: right"] 1.70 M[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFFF, align: right"] 18.06 M[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFFF, align: right"] 111.86 M[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFFF, align: right"] 2514.28 M[/TD]
[/TR]

[TD="class: tdSmallTextBlack"] Philadelphia[/TD]
[TD="class: tdSmallTextBlack, align: right"] 1416.40 M[/TD]
[TD="class: tdSmallTextBlack, align: right"] 270.00 M[/TD]
[TD="class: tdSmallTextBlack, align: right"] 506.00 M[/TD]
[TD="class: tdSmallTextBlack, align: right"] 116.60 M[/TD]
[TD="class: tdSmallTextBlack, align: right"] 1.75 M[/TD]
[TD="class: tdSmallTextBlack, align: right"] 9.66 M[/TD]
[TD="class: tdSmallTextBlack, align: right"] 111.30 M[/TD]
[TD="class: tdSmallTextBlack, align: right"] 2431.71 M[/TD]
[TR="bgcolor: FFFFCE"]
[TD="class: tdSmallTextBlack, bgcolor: FFFFCE"] Total:[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFCE, align: right"] 2879.34 M[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFCE, align: right"] 598.32 M[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFCE, align: right"] 980.00 M[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFCE, align: right"] 234.00 M[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFCE, align: right"] 3.45 M[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFCE, align: right"] 27.72 M[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFCE, align: right"] 223.16 M[/TD]
[TD="class: tdSmallTextBlack, bgcolor: FFFFCE, align: right"] 4945.99 M[/TD]
[/TR]

[TD="class: tdSmallTextBlackBottom, colspan: 9"] Pres. $1 - Presidential $1 Coin
N.A. $1 - Native American $1 Coin
*Preliminary production figures only.[/TD]
[/TABLE]

 

So they have never heard of rotating stock ????

 

I've been roll searching since '09.

Never found a new box of any denomination in a later year than their mintage year. Most of the new coin is dumped onto the market in May-July. I'll pick up a straggler here and there later in the year. But never found original rolls of coins that are from an earlier year except for stuff that has been dumped by other customers.

 

...so where are they all?

Are you saying that some private individual(s) are hoarding 232,640,000 coins? ...$18,932.000.00 worth of coins (face value)? I would say that's equally hard to believe. encil:

I have a standing offer to anyone at work (in an effort to develop numismatic interest among my co-workers) to pay $1 for any 2009 nickel or dime they find in their change. Everyone's looking, but no one's claimed the bounty...not yet, anyway. :whistle:

 

What the **** are you talking about? Do you lack reading comprehension? All I said was backing up my point that the mint/fed releases everything they mint the year it's minted, for the most part. I didn't say I've never found original rolls of 2009 coins, far from it.

I don't think it's out of reason that speculators, dealers, and collectors are hoarding that change... $19m is chump change when you look at the big picture with how many coin collectors are out there... Coin collecting is probably a multi-billion dollar hobby, even when you remove the effect of precious metals on the current market.

If you're serious about that bounty, you can cut me a check for $7k. Two boxes of dimes and a box of nickels.

 

Geez...settle down. I said...

Everything else is pretty much tongue-in-cheek...I was just observing there's some "non-zero" probability (but likely "Zero") that the government could destroy coins under certain circumstances with little regard to Numismatic considerations.

I apologize if I hit a nerve...never my intention. :bow:

Btw...where did you find "Two boxes of dimes and a box of nickels."? ...I was planning a trip to Puerto Rico.

EDIT: One point I didn't mention, but maybe should have...in the Baltimore-Washington area, so many coins have been turned in via CoinStar machines, that banks here (the ones I've visited, at least) don't order new coins.

I'm not aware of any regulation that requires the FED to issue coins in any particular order...which is why I thought there might be a "chance" the Fed could still have unreleased 2009 coins.



​

 

Yakpoo: Please PM me, I'll sell you a bunch at that price. I'm serious. I was the one who found the 2009 P dimes first and put them on ebay because I was urged to do it by friends on CT. I never imagined the bonanza I'd get from it. There is a misunderstanding that they were in Puerto Rico first, but not so; I found them in Houston, TX first. Let me know how many you want (I have various numbers of all four) and PM me.



Read about the first ones found here
http://mintnewsblog.com/2009/05/first-2009-roosevelt-dime/

bob

 

I can tell you that 2009 D dimes were not released until 2010. After my success with the 2009 P dimes, I looked everywhere for them. They finally showed up in the 2nd quarter of 2010. Just saying....

 

Very interesting!! I know they must be out there, but I can't find any in the DC-Baltimore area...in circulation. If they've all been released, there must be some awesome hoards out there! I think I'll pass on your kind offer. I learned my lesson when I tried to "corner the market" on 1955-D Washington quarters. I didn't realize how many of them were out there.