What do you do with your finds?

coinshooter

coinshooter

Bronze Member
Mar 20, 2003
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So. Cal.
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I throw my coins and non-valuables (including lead weights, scrap metal, golf balls, kids toys, hot wheels, misc old pieces of junk jewelry, etc.) into a big dutch oven and about twice a year (end of summer and end of winter) I roll up the coins and take it to the bank and then go out and buy a nice old coin with it or something I really want. Kind of like my fun money should be spent on something fun. ;D
 

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I have cookie tins that I have been dumping them into. The silver I keep seperate and rings and oddities I also keep seperate. I think you have a great idea buying old coins! E-bay? I have several hundred dollars worth of clad I have been saving for something, old coins sound like a good idea and don't take up much room. Good going! Cladius.
 

Sell the scrap, garage sale what I don't give the grandkids, cash in the moderns and buy silver/gold coins from a coin dealer/club member. Doesn't pay to put the money in the bank for the interest.
 

About four times a year everything goes to the flea market...use it to buy gas, batteries and dinner when on the road hunting.
 

My usual, spend, save, spend, Look over oddities now and then, share with friends.
I like coinshooter's idea, buy a nice coin with the loot after a year. Maybe that's what I will do, thanks for idea.

AQ
 

Periodically cash in the coins, scrap metal, aluminum cans, etc. and put it into mutual funds, particularly Midcap Value fund. Almost 20 percent return this year and around 15 percent last year. That beats keeping the stuff around and looking at it.
 

All my stuff is stored in different cigar boxes. I was thinking of making a display case for all my silver coins ( 15 of them ), and maybe my good rings ( 1 ), but it would be a very small display case... :'(
As for all my wheaties, I'll probably roll them up, and keep them stashed away for now.
 

Actually I have my employees clean and sort the coins I find. Common silver is sold at current coin/silver rates. Rare coins are sold either at Sotheby's or other reputable auction houses.? Common coinage as well as the monies from above end up in one account at my bank. When I have enough cash? in that account I buy another casino in Atlantic City.

Donald Trump
P.S. I usually have my employees dig for me and the last one that scratched a 1916-D mercury dime I found was FIRED!
 

Donald, can I have Robin's phone #? Oh, damn, did you say Roger got there before me? :D

Make sure if you buy coins on ebay that you only buy them "slabbed" since there are a ton of overgraders on there. If you buy slabbed, buy only NGC, IGC or PCGS slabbed coins as they are the most reputible slabing companies and their assessments of their slabbed coins will hold more value than the others. Secondly, don't buy modern (post 1958) coins. The most modern ones are over-inflated on their valuations. If your in it to get something that will go up in value, buy a rare slabbed coin in the highest grade you can afford (such as a 16-D mercury or a 32-d quarter, or a rare low mintage silver dollar). These will continue to hold their value in all economies. I will repeat it again (since I burned myself this way when I first started collecting coins, DON't get sucked into buying a bunch of modern coins that are slabbed with outrageous valuations on them. Ebay is famous for people selling these "basically worthless" coins. If you want to buy newer coins, hunt for the rarities such as a 1955 double die penny or a 1909 s- vdb penny.
 

I seperate the clad and after a year its off to coinstar.

Silver has its jar.

LC's have their jar

Other old misc coins have own jar

Other crap has one big jar.


Wow! Donny Trump's posting here now. Dig the do, dude 8)
 

I agree coinshooter , but it's a shame, people still buy them. Sad people still think they are investing in coins. The Market is outrageous! I'd rather find the dirt, crusty coins myself.
Thanks for your advise/opinion.
AQ
 

Wow, true metal. You have a full jar for Large cents?
Must be rough. :o
 

All,

Here is what I do:

Clads to Coinstar at the supermarket. It helped with about half the cost of my Sovereign Elite.

Silver coins, silver jewelry, and gold jewelry to the safe.

Relics to the display cases (after cleaning and inventory).

The other stuff I find (i.e. hinges, knives, keys, locks, sinkers, toy cars, scrap iron, you name it) goes into bins in the garage.

Chris Reynolds
Chief Petty Officer, USN
 

Stuck my 2004 Rookie Year Silver Coins in a frame today... They all fit into a 3X5? :'(
Hopefully in 2005 I'll need at least an 8X10, 11X14 would be nice...
Having to buy-out Fort Knox,,, Priceless... ;D
 

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I have about 40 lbs of lead sinkers, etc. I've been trying to sell them off - all for $20 to the fishermen around here, but have had no luck. Is lead really that dangerous when it's just sitting around? I have a lead block holding my door open to my garage also.
I tried taking this stuff to the recycler a long time ago and they said they wouldn't take it due to the fact that it was toxic waste. Isn't that what recyclers are supposed to do? ???

BTW, the picture frame idea is really cool.

Coinshooter
 

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Okay two days of cleaning coins and its done. My grand total is!

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