Silver Freekin Mine

[Spectrism]

A couple days ago I was cashing a check at my bank. I figured- let's get a few rolls of half dollars. I know, the last time I tried this I got no silver. It was like the whole world had been vacuumed of all the silver. So went thru one of the rolls and saw no good silver and stopped. I like coins over paper dollars and will even save some coins that are clad.

Then I watched a youtube video that mentioned halves from 1965-1970 (actually 1969) were 40% silver. For a moment I had a senior or nube brain fog. I have been so focused on 90% silver that I disregarded the 40%-ers. I went back and looked as I had seen some of the silver-colored clad coins. Sure enough, out of the 3 rolls were 6 40%-ers! These are worth $2.55 melt value each.

6 x 2.55 = $15.30 if I cover the cost of the 6 coins- $3, then my net is over $12. That is $12 in silver free. Freekin ay! not bad.


I am not a miner but if I were I surely would not stop digging ground if I came upon some nuggets. So I went back today and bought 20 rolls. So far I only went through 2. The first one was a total zip, nada, nichts, zilch, Obama.

I noticed some of the paper rolls have dates on them. The first had a date of Dec2016. The second roll had a date of Mar2015. I opened it up and out slid 19 Liberty Walker halves and one 1915 Liberty Head/Barber half. 3 of the coins look like they have been untouched for 60 years. Others have normal circulation wear although 12 of them are in very good condition.

I still have 18 rolls to go through. At least one more has the Mar2015 date.

http://www.coinflation.com/coins/walking-liberty-half-dollar-value.jpg


https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcTp_rCZKL--iOAT3r1NojP0Gcr_xGPTxaUJ2pr41KyeblroZJbm


Uhh... guess what I am going to do tomorrow.

[Spectrism]

OK... for the 3d roll I opened another Mar2015 pack.

God is dropping wealth bombs on me. In it I found 12 Liberty Walker halves, 2 Franklins, 3 Kennedy 40%-ers. Unbelievable.

------------

Roll 4- also Mar2015 date....

4 Franklins, 16 Liberty Walkers.

-------------

Roll 5- also Mar2015 date....

1 Franklin, 18 Liberty Walkers

--------------

Roll 6- same

1 Franklin, 17 Liberty Walkers, 2 Kennedy 40%-ers (proof condition)


-------------

Roll 7- same

5 Franklins, 14 Liberty Walkers

---------------

Roll 8- same

4 Franklins, 16 Liberty Walkers

----------------

Roll 9- same

2 Franklins, 1 Barber 1915, 17 Liberty Walkers

-----------------

this is getting silly. I wouldn't believe it if someone told me this story. 2 more of these rolls to go.... and then the other ones which are not in the main vein.


Roll 10- same

5 Franklins, 13 Liberty Walkers

-------------------

Roll 11- same

3 Franklins, 1 Barber 1912, 14 Liberty Walkers, 2 Kennedy 40%-ers


There are 9 rolls left but different paper markings. Will get them later. Let's tally up melt value, although some of these are in very good condition numismatically.




totals
156
27
3
7




val each
6.12
6.12
6.12
2.5










Grand Total


$ Val Total
954.72
165.24
18.36
17.5

1155.82



If I add in the face value of the remaining coins (still unchecked) this would be

1155 + 100 + 4 = $1259
not bad for a risk-free $200 investment

[Joshua01]

Where do you do your banking?? :D
OK... for the 3d roll I opened another Mar2015 pack.

God is dropping wealth bombs on me. In it I found 14 Liberty Walker halves, 3 Kennedy 40%-ers. Unbelievable.

[Spectrism]

Where do you do your banking?? :D


LOL... wherever stupid people trade silver for FRNs.

[Spectrism]

Here's a pic.... the remaining 10 rolls were all cheap clad. One of them, however, had mostly perfect (proof) 1982 Kennedy Halfs. Not sure if there is any value in these of vg condition.

8923

I know- this never happens... but sometimes it does.

[EE_]

Here's a pic.... the remaining 10 rolls were all cheap clad. One of them, however, had mostly perfect 1982 Kennedy Halfs. Not sure if there is any value in these of vg condition.

8923

I know- this never happens... but sometimes it does.

You should look at this. 1915 Barber half $157 1912 Barber $17

Go through this site on your Walkers too. http://cointrackers.com/blog/16/most-valuable-barber-half-dollars/

http://cointrackers.com/blog/17/most-valuable-liberty-half-dollars/

You should make out pretty good on ebay.

[Dachsie]

" These are worth $2.55 melt value each. "

but how do you get that value as melting coins is illegal?

You just need to hold them and know that they are worth more than face value?

[Spectrism]

" These are worth $2.55 melt value each. "

but how do you get that value as melting coins is illegal?

You just need to hold them and know that they are worth more than face value?

It is better not to melt. The coins are recognized so you have common knowledge of value. But the term "melt value" is just saying what the intrinsic metal content value is.

http://www.coinflation.com/

[Dachsie]

I still need to know how you can get someone to buy the coin from you for at least $2.55 .

[TroyOz]

I still need to know how you can get someone to buy the coin from you for at least $2.55 .

Sell to APMEX - http://www.apmex.com/category/25940/40-silver-by-type

[Dachsie]

OK, thanks. Think I will try to get one of these half dollar coins and try to sell it. I just do not see this exchange actually happening, but I could be wrong.

[TroyOz]

OK, thanks. Think I will try to get one of these half dollar coins and try to sell it. I just do not see this exchange actually happening, but I could be wrong.

40% silver coins are worth silver content, but selling them to the bigger online dealers is probably a large minimum quantity - even gold is a 10 oz minimum if you sell to them.

[TroyOz]

Here's a pic.... the remaining 10 rolls were all cheap clad. One of them, however, had mostly perfect 1982 Kennedy Halfs. Not sure if there is any value in these of vg condition.

8923

I know- this never happens... but sometimes it does.

That is cool. You just received the coin of the realm for pot metal. :)

[Silver Rocket Bitches!]

I was big into the bank mining for a while. I found one Franklin, a few 64 Kennedy's and a bunch of 40% Kennedy halves. After the novelty wore off it became an inconvenience and I stopped. I ready a story about a guy who made a habit of stopping in the local small town bank anytime he was traveling on the road in the middle of nowhere. Apparently they never ship their stuff to the big banks so he was finding walking liberty halves constantly. The banks in the big city are always turning over their coin inventory so it's harder to score big finds.

[Spectrism]

I was big into the bank mining for a while. I found one Franklin, a few 64 Kennedy's and a bunch of 40% Kennedy halves. After the novelty wore off it became an inconvenience and I stopped. I ready a story about a guy who made a habit of stopping in the local small town bank anytime he was traveling on the road in the middle of nowhere. Apparently they never ship their stuff to the big banks so he was finding walking liberty halves constantly. The banks in the big city are always turning over their coin inventory so it's harder to score big finds.


Similar story for me. I never had much success- just alot of rolls that were clearly picked through. I think part of it has to do with bank personnel. Back then there were some hawks scooping up anything that came in. Now the tellers and bank staff are dumbed-down. People get complacent because the normalcy bias sets in- expecting nothing and seeing nothing. Every now and then you have to test the waters.

Part of my success might have been my $200 purchase which scraped off the surface layer of got to the good stuff.... but even that was dated for 2015. Not very old. Small town. I will hit both nearby branches to see if the vein extends to the other one too.

[Spectrism]

OK, thanks. Think I will try to get one of these half dollar coins and try to sell it. I just do not see this exchange actually happening, but I could be wrong.

I don't collect these to sell them. Unfortunately most of them are lost in boating accidents, perhaps never to be seen again. That reminds me, I need to schedule a boating excursion for tomorrow.


I have had some good scores at yard sales by asking people if they have old coins or silverware for sale. In one case I scooped up about $1500 worth of silver for $400.... and in another I got about $2000 worth for about $200. This banks visit is in my top 3.

I would have been happy to find just one Liberty Walker in 20 rolls. That would have been a nice success for me. To get 186- 90%-ers is beyond what I could have hoped for. I am publishing this event to encourage those of wit to keep alert for deals and test things out. As people see the price of silver drop, they may dump some holdings. You are walking by silver mines and don't even know it. They are out there. Have some hope and apply a little effort smartly. And when you are rewarded, accept the blessing as God's gift to you.

I have found these words to be true in many areas....

Pro 3:5 Trust in Jehovah with all your heart, and lean not to your own understanding.
Pro 3:6 In all your ways acknowledge Him, and He shall direct your paths.
Pro 3:7 Do not be wise in your own eyes; fear Jehovah and depart from evil.
Pro 3:8 Healing shall be to your navel and marrow to your bones.
Pro 3:9 Honor Jehovah with your substance, and with the firstfruits of all your increase,
Pro 3:10 and your barns shall be filled with plenty, and your presses shall burst with new wine.

[Spectrism]

You are not going to believe this.

I went back to my honey hole. Asked for $200 worth. Haven't tallied it up yet but got 10 rolls of newer dates and 10 rolls of my sweet spot dates. A precursory check shows the pattern holding for silver. I am thinking they replenish the top $100 with fresh rolls and there is still lower trays of the good stuff. So, if you go into the bank and only ask for 5 rolls- $50, you will never see the good stuff down below.

I will work as inconspicuously as possible today to clean out their entire stock. I hope they deplete me of all my FRNs. :)

=============update

I sent my spy back in- cleaned them out.... will see what we got later.

Tally to date-



roll
Liberty Walker
Franklin
Barber
Kennedy40



1
19

1





2
12
2

3




3
16
4






4
18
1






5
17
1

2




6
14
5






7
16
4






8
17
2
1





9
13
5






10
14
3
1
2




11
12
6
1

group 2



12
1


2




13
15
3
2





14
15
5






15
18
1






16
12
2
3





17
13
4

2




18
13
5

1




19
17
1
1





20
9
6

4













totals
281
60
10
16




val each
6.12
6.12
6.12
2.5










Grand Total


$ Val Total
1719.72
367.2
61.2
40

2188.12





Only a few 40%-ers after that. Looks like the hole is dredged out and dry.

[madfranks]

Unbelievable story! Part of me thinks what likely happened is someone inherited or otherwise got a hold of a parent's coin collection and turned it in to the bank for paper money at face value. My old timer boss from years ago was alive when the silver coins went clad in '65 and because he knew I was into coins he let me know he had mint bags of silver dimes and quarters from just before the change, and just held them. His son worked at the office and had no concept of silver as money, so when the old man bequeaths it down, I'm sure it'll just get turned into the bank for face value.

[Spectrism]

Unbelievable story! Part of me thinks what likely happened is someone inherited or otherwise got a hold of a parent's coin collection and turned it in to the bank for paper money at face value. My old timer boss from years ago was alive when the silver coins went clad in '65 and because he knew I was into coins he let me know he had mint bags of silver dimes and quarters from just before the change, and just held them. His son worked at the office and had no concept of silver as money, so when the old man bequeaths it down, I'm sure it'll just get turned into the bank for face value.


That is what I am thinking too. Growing up, my father told us what would happen as the clads came on. We didn't have the money to store away silver. Needed every nickel to get by. But some rich smart guys- doctors, business owners, etc- put away thousands of dollars worth of coins. The mind-numbed kids of today are not taught how things were... or even how they are. They would often rather have a video game than a roll of silver coins.

I am not counting on this world going on for many years. But, if I am wrong about that, the storage of wealth in some form or another will help your family get along better if they are wise. As PT Barnum made popular- A fool and his money are soon parted.


This is quite an early proverb in the English language and, as such, might be thought to contain the wisdom of the ancients. The notion was known by the late 16th century, when it was expressed in rhyme by Thomas Tusser in Five Hundreth Pointes of Good Husbandrie, 1573:


A foole & his money,
be soone at debate:
which after with sorow,
repents him to late.
The precise wording of the expression comes just a little later, in Dr. John Bridges' Defence of the Government of the Church of England, 1587:

If they pay a penie or two pence more for the reddinesse of them..let them looke to that, a foole and his money is soone parted.



So seek wisdom to preserve wealth and not lose the fruits of your labors.

[EE_]

You are not going to believe this.

I went back to my honey hole. Asked for $200 worth. Haven't tallied it up yet but got 10 rolls of newer dates and 10 rolls of my sweet spot dates. A precursory check shows the pattern holding for silver. I am thinking they replenish the top $100 with fresh rolls and there is still lower trays of the good stuff. So, if you go into the bank and only ask for 5 rolls- $50, you will never see the good stuff down below.

I will work as inconspicuously as possible today to clean out their entire stock. I hope they deplete me of all my FRNs. :)

=============update

I sent my spy back in- cleaned them out.... will see what we got later.

Tally to date-



roll
Liberty Walker
Franklin
Barber
Kennedy40



1
19

1





2
12
2

3




3
16
4






4
18
1






5
17
1

2




6
14
5






7
16
4






8
17
2
1





9
13
5






10
14
3
1
2




11
12
6
1

group 2



12
1


2




13
15
3
2





14
15
5






15
18
1






16
12
2
3





17
13
4

2




18
13
5

1




19
17
1
1





20
9
6

4













totals
281
60
10
16




val each
6.12
6.12
6.12
2.5










Grand Total


$ Val Total
1719.72
367.2
61.2
40

2188.12





Only a few 40%-ers after that. Looks like the hole is dredged out and dry.

That's a monster score. Those walkers and barbers could easily triple your bottom line. Nice job!

Have you checked the collectors value on those Barbers? Post the dates/mint marks if you can.

[Spectrism]

That's a monster score. Those walkers and barbers could easily triple your bottom line. Nice job!
Have you checked the collectors value on those Barbers? Post the dates/mint marks if you can.

I did not see any outstanding values.... I have an old coins Blackbook.

Barbers:

1909
1915S
1915S
1897
1912S
1902
1907O
1909
1906D
1908O

You are right.... average condition Barber coins are more than triple the melt value.

[Spectrism]

I was big into the bank mining for a while. I found one Franklin, a few 64 Kennedy's and a bunch of 40% Kennedy halves. After the novelty wore off it became an inconvenience and I stopped. I ready a story about a guy who made a habit of stopping in the local small town bank anytime he was traveling on the road in the middle of nowhere. Apparently they never ship their stuff to the big banks so he was finding walking liberty halves constantly. The banks in the big city are always turning over their coin inventory so it's harder to score big finds.

I went to the nearest branch- more populated area. They had less than scrub. When you get the machine packaged LOOMIS rolls, you know this slim pickins.

I think you are right. Find out-of-the-way bank offices that have coins on shelves covered with dust.

[EE_]

I did not see any outstanding values.... I have an old coins Blackbook.

Barbers:

1909
1915S
1915S
1897
1912S
1902
1907O
1909
1906D
1908O

Too bad the 1915's have mint marks. Still, you have close to $200 just in Barbers. Not bad.

[Spectrism]

Most banks now have coin counters. Damn. What a racket. These clowns put machines in the banks for loose change and get all of the street change to sift. It takes away the non-professional sorters.

As I have visited other banks, I find that nobody wants to have halves anymore. And what they are getting in is coming from super-filtered sources.

[madfranks]

Most banks now have coin counters. Damn. What a racket. These clowns put machines in the banks for loose change and get all of the street change to sift. It takes away the non-professional sorters.

As I have visited other banks, I find that nobody wants to have halves anymore. And what they are getting in is coming from super-filtered sources.

Coinstar machines reject silver coins when they're processed through the machine. I've found a handful of silver coins over the years just looking at the coinstar reject bin.

[Spectrism]

OK... I must confess....



I gave up too soon. I went to 3 other bank locations. Got 2 batches of halves. One, the girl had them all out in the open unwrapped. I got tipped off this was going to be a bust as she was counting them and a customer came into the small office and joked about bringing his pennies in. She said no thanks, unless they are old.

She was glad to get rid of her clads.

I went to a sister office of my honey hole and all they had was the Loomis machine wrapped rolls which they claim are from the mint. I was easily put out by this. Yes, I confess.


Just sitting and listening to music before diving into paperwork I had to put them away. It is a pain to open them and save the paper since they are so tight. I checked 4 rolls. Nothing. OK, just one more.... and in it I found a 1950 Franklin. Hmmm.... so there is still silver slipping by. I think I will keep on this mission and periodically buy large batches of halves. In fact- clean out any little office that has them stored away.

[Spectrism]

Just as a follow up on this event, I went out locally and hit a few banks. I bought about $800 in halves and found nothing but clad junk. I noticed in one large box that many of the coins were marked. Some with permanent markers of initials, some with paint. I guess these are the die-hard sorters who look to see if their mark comes back.

I will keep on looking when traveling in small town areas away from street-wise populations. The events in this thread were truly a fluke, and a blessing from God. I hope there are many more. For all reading this, I pray that you are blessed greatly whether in finding a trove of old coins or some other treasure of wealth, health or happiness.

[Spectrism]

Last update. I have gone to numerous banks. Most are skunks. Have found an occasional 40%-er. Some banks tell me a regular guy is there every week to collect up any odd coins. Many are searching these out. Best success will be in remote locations where hunters are not likely to travel.

Went back to my honey hole again and this time they had a few more halves that came in. One roll was packed last month.. just a couple weeks ago. Just clads. One teller had about 10 in her tray. I took them all. From her tray were 2 40%-ers and 2 Franklins.

So.... this leads me to believe that someone locally is coming in here and dropping these off. Maybe to make deposits. If I could only know where else they spend these... or even who it is, I could offer them more than 50 cents per piece. So.... I need to stop in here every couple weeks and see.

[madfranks]

Last update. I have gone to numerous banks. Most are skunks. Have found an occasional 40%-er. Some banks tell me a regular guy is there every week to collect up any odd coins. Many are searching these out. Best success will be in remote locations where hunters are not likely to travel.

Went back to my honey hole again and this time they had a few more halves that came in. One roll was packed last month.. just a couple weeks ago. Just clads. One teller had about 10 in her tray. I took them all. From her tray were 2 40%-ers and 2 Franklins.

So.... this leads me to believe that someone locally is coming in here and dropping these off. Maybe to make deposits. If I could only know where else they spend these... or even who it is, I could offer them more than 50 cents per piece. So.... I need to stop in here every couple weeks and see.

Well at least you've got a hobby that keeps you busy!