Did we get ripped?

I am sure the dealer used to sort through the coins the first few times, but he soon learned that there was very little reward over the long run and so into the counting machine they go. If he was lucky someone came in looking for bullion and he made a profit with almost no time cost involved.

Nikon, unless your time is mostly free, the cost to learn, time and references, magnifier, going through each coin, asking about grading, trying to sell on ebay or else where ( time and fees) to get a better total, ....is just not worth it.

Yes, people win big lotteries, find bags of gold coins under the barn, get born into the Rockefeller family, but I haven't and I haven't heard anyone on the forum make a claim, so as Jetshack and others said, you have more money and a Wii now that you didn't have before! I don't have a Wii

Jim

 

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Uh oh, remember what happened to the last guy with a roll of 16-d's?

 

I do recall reading something about a roll of 1916D's on here a while ago (when I was active before) but I do not quite remember what it was. However, this was an assorted roll of extras. There was another 1916D in the Whitman folder. It's kind of sad that he didn't know he had a thousand dollar coin sitting in a roll.

 

I agree that you probably didn't lose anything but you could have potentially lost a lot of time going through scrap silver.

Contrary to what some have implied, dealers do not go thorugh everything that comes in. It isn't worth their time as someone said. It's exceedingly unlikely they'll find a 16-D or a 32-S quarter. Most likely find a few that are worth $3-$5. Well, how much will it cost the coin dealer to pay someone to do this?

 

Did you get ripped, almost certainly not. Did you leave some money on the table? Maybe but most likely not much if you did.

 

Maybe it is just me, but I can't classify a 1916 dime as scrap. Oh, I know that intellectually it probably is, but, come on, it is coming up on its 100th birthday. Scrap?--I don't think so.