Thanks guys for the info! Hobub. . . you sure know your stuff!! Thanks again!
Announcement
Collapse
No announcement yet.
found a roll of Mercury Dimes
Collapse
X
-
-
-
Great snag.
I have also been a lifelong coin collector but never really bothered to learn as much as I would like to be serious. I'm sure I have some coins that are worth something but haven't bothered doing the research.
There is definitely something going on with gas prices and such that people are turning in their coins from years and years ago for face value.
A few months ago, my son and I were in a baseball card/coin shop to buy some Pokemon cards. I was looking around the coin section just out of curiousity and I heard one of the workers telling a coin collector a story about a person who walked in the store just a week prior wanting to sell his entire collection of Morgan Silver Dollars and was literally on the way to the bank to cash them in for face value but saw the shop on the way and see if they would be interested in them. Needless to say, they were happy to take them off of this person's hands for more than face value but I'm sure they got a steal.
I also have a friend who is a big time coin collector and went into the same shop and found that someone had sold the shop hundreds of rolls of wheat pennies. Apparently, the shop was opening the rolls to see if they could find some of the rare wheat pennies that are worth some cash and plucked a few out but I guess they weren't finding it to be worth their time. My friend offered to buy the remaining rolls for $3 a roll and searched them himself. Apparently, he came across one if not the rarest wheat penny minted (I don't know much about them) but he said it was worth about $1,500!
I know that coin collectors will walk into a bank and purchase rolls and rolls of customer wrapped nickels, pennies, dimes, etc. go through them to see if they can find a valuable coin among the bunch and then simply return the common coins back to the bank. It sounds like panning for gold but I can imagine it is a huge rush when you do come across a valuable coin among the thousands of commons that you would typically go through to find it. But a whole roll! That's an awesome find."The farther we go, the more the ultimate explanation recedes from us, and all we have left is faith."
~Vaclav HlavatyComment
Comment