80s CRH collection - depressing...

FormerTeller

Bronze Member
Apr 24, 2011
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80's CRH collection - depressing...

I've been talking to a coworker about CRH'ing lately. He has absolutely no interest in doing it himself, but mentioned that he has a lot of old coins at home that he bought from a guy in the late 80's. Apparently this guy was a CRH'er himself back then, and every few weeks would take a bunch of coins to my friend and basically sell them to him at spot.

Well, today he brought in part of his collection. I was expecting to see some silver dimes, maybe some quarters or a few halves. I was blown away. He brought in a box that must have weighed 15 pounds, saying the contents were some bags and envelopes he found in his closet. There were multiple small plastic baggies filled with a combination of barber and mercury dimes, V nickels, and Indian head cents. There were envelopes filled with mercury heads and silver Roosevelt dimes. 5 or 6 plastic square tubes filled with Morgan and Peace dollars. One Ziploc bag stood out in my mind - filled with walking liberty and Franklin halves - 95 of them. He had 2 sheets of walking liberty halves in the cardboard squares. Probably $20 face of silver quarters. A complete set of walking liberty halves from 1937 to 1947, including 1938-D. And to top it off an 1862 Indian princess $1 gold piece. :o:o:o

To say that my jaw dropped was an understatement. I wasted half the morning going through them, and didn't even make a dent in the box. Interestingly enough, the vast, vast majority of the coins were silver; only a very small percentage of nickels and cents. Also interesting was the fact that there were zero 40%'s, though that makes sense because when he acquired them the 40%'s weren't worth that much over face.

He was thrilled when I told him he had well over $5,000 worth of coins there in gold and silver alone, and planned to hunt up the rest of his collection this week. This weekend we plan to sort, catalog, and appraise them. I'll see if he minds if I take some pictures; if not, I will definitely post them.

I must say, after hearing about how often the guy in the 80's was finding this stuff, and the extreme wide variety that was available in rolls back then, I'm somewhat depressed at the prospect of going through $200 in dimes or $500 in halves to find ONE silver coin. Almost a buzzkill...
 

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Silver went over $50 an ounce in 1980 (IIRC?) too... adjusted for inflation, you're talking something like $150/oz in todays values... think about that.

Granted, that was a bubble, but still...
 

His recollection was that he bought it in the late 80's, which appears to be confirmed by an expiration date of 1989 on one of the pill bottles that held some coins. At that time, silver was going between $5 - $10 ozt.
 

His recollection was that he bought it in the late 80's, which appears to be confirmed by an expiration date of 1989 on one of the pill bottles that held some coins. At that time, silver was going between $5 - $10 ozt.

Ahh, in that case, nice return on investment.

Any keys or semi keys besides the '38-D?
 

What a collection! Yeah, I remember silver crashing hard and falling back to earth in the early 80's.
 

FormerTeller said:
Plenty, from what I saw. Looking forward to this weekend!

Hope you can get some picks. HH Maverick.
 

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