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Nightwing

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Posts posted by Nightwing

  1. They really need to give me a piece of the action. If you ever make it down to Houston Houston Numismatic Exchange.

    Kind of an every thing is piled up shop. Probably one of the busiest shops here. Today one guy buying $1,000 worth of silver eagles, one selling scrap jewelry, one buying a few 1 oz credit swiss gold bars, one buying a 1999 silver proof set and some silver eagle proofs, and about 3 more browsing + me.

    Well, it's a little far for me (Chicagoland area), so I wont be making it down there anytime soon. Sounds like a fun place though.

  2. dont stop at rolls just find a bank that has brinks 25$ boxes and have fun!

    I was a little hesitant to commit to that in writing because currently I have a ton of quarters in change that I need to spend. (They are non 50 State Quarters leftover from rolls from the bank). So I don't know what I'll do with that many pennies :ninja:.

     

    I just found out that my bank has rolls of halves so that may be my next venture when I spend more of my $1 dollar coins. I see where this is going, I will eventually bury myself in so much coinage that I'll be trapped and eventually flattened by the weight of it all! ;)

  3. That's pretty normal, my work even requires us to take Canadian coinage (in moderation) because it's worth as much (more now) as our money. Almost every register has at least 1-2 Canadian cents and 1-2 nickels, and every 3rd or so a dime. Quarters are uncommon, but I see at least one a month.

    Interesting. When I was a cashier I was given wrapped rolls of coins at the beginning of every shift to be placed in my register drawer and I don't recall ever getting Canadian coinage in there. Once or twice I was given Canadian coinage from a customer and took it, but never in wrapped rolls.

     

    Oh, well I guess it happens as proof from 3 posts above.

  4. For the main part US coins have never been removed from circulation in this country and destroyed. There are numerous exceptions such as the Pitman act of 1918 that destroyed millions of silver dollars, the demonetization of the trade dollar, and the treasury recall of circulating silver in '68/ '69. Most had already been removed by the public. The mint also had always pulled out damaged and excessively worn silver for redemption and this did account for a significant amount over the years.

     

    Still the government doesn't pull out mutilated coin. Most of this ends up in the garbage stream because of the high costs borne by the owner to redeem it. Counting houses probably redeem anything that won't go through their automatic counters but these are set so just about anything will go through. Municipal incinerators often retriev coin after they've been burned and ship them for redemption (New York, I believe), by the truck load.

     

    A lot of our old quarters are getting very worn. It might not be many years until they have to be separated out. They started making new quarters on 1% thinner planchets in 1999 probably to keep the range in weight of quarters from growing too large.

    :ninja: Interesting, thanks for sharing! I didn't realize that about the 1999+ quarters.

  5. Although the Mint continuously produces millions and billions of coins each year, not to many survive our system of coin elimination.

    As I was reading on here more and more about coins this very thing occurred to me as how the US Mint continuously produces millions and millions of coins each year while we can still find in circulation coins from 50+ years ago?

     

    The Canadian government is actively working towards removing all older 5¢ coins from circulation, they are worth 14¢ in melt value.

     

    Never say never. The Feds did it with gold in 1933.

     

    Interesting to hear Canada doing this.

  6. Yes, its the missing mint mark. I have a weak mint mark. Worth a whole $35. Nothing compared to the missing mint mark.

     

     

    I think $35 for a penny is great. If you don't want it I'll give you my address and you can send it to me! :ninja:

  7. The bottim one is a 1922 plain, a valuebal error.

     

    But I don't know how it is formed. The weak dies may have something to do with it.

     

    Which part of the coin are you referring to? I am just trying to understand what you are seeing that I am not?

  8. It seems from what I've been reading coins pretty much stay in circulation forever, that is until they are melted down for other uses or removed from circulation by a collector. So I was curious if in the US Mint's eyes do coins have a "useful life expectancy" in which the mint can actively remove old coinage from circulation and melt it down for new? I was also curious if there has ever been legislation in the past requiring the removal of old circulating currency when new currency came out?

     

    Thanks!

  9. I keep spare change in my car and today I noticed among the rest of my coins was a 1958-D Wheat penny. I decided to polish the coin for my own amusement (I've never actually cleaned a coin before, being new to the hobby). Strangely enough it was kind of relaxing and I was excited to see a 50 year old penny shine again! :ninja:

     

     

    Edited to Add:

    Oh, and I got a 2005 Buffalo Westward Journey Nickel in change this evening from one of the express checkout machines at my local supermarket, I had fun cleaning that too!

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