Coin Roll Hunting: Nickel Bank Box Break

I purchased a box of nickels from my bank and these are the results:

• Pre 1959: 17
• Silver War Nickels: 1 (1943P)
• "S" Mint Marks: 3
• 2009:  2 (2009P (AU) 2009D (Rusted))
• Total EF - AU Coins For Albums: 158
• Key Find(s): 1938 (EF) 1941, 1943P, 1962 (BU) 2009 (AU)

Verdict: After the last couple of bad lots of customer rolls, I decided to get a bank box to help reduce the chance of receiving other CRH's tailings. I'm sold on getting nickel boxes although the initial cost is more than I've been spending.  Also, there is a lot more back end work cashing in all of the unwanted coins.  For the first time, I pulled a silver war nickel and two 2009s (even though one of the 2009s had to go to the scrap pile for condition).  While there were still some rusted, run over, and corroded pieces, the percentage was much lower than the customer rolls I've been searching.

Silver vs Money

This is an interesting video about the supply of silver and the limited potential ownership of it.

Ted Butler On Silver Market Manipulation

Here is an eye opening interview of Ted Butler I came across on YouTube about manipulation in the silver market.

Interesting Argument On Killing The One Cent

I came across this video arguing the death of the penny.  There are some good points here.  Additionally, the cost of the one cent coin has risen to 2.4 cents as of 2011.

Coin Roll Hunting: 50 Roll Cent Bank Box Break # 7

I purchased a 50 roll box of cents from my bank and these are the results:

• Wheat Cents: 5
• Canadian Cents: 1
• "S" Mint Marks: 2
• Copper Lincoln Memorial Cents: 38% (5% not infected)
• Total AU - BU Coins For Albums: 12
• Key Find(s): 1959(BU), 1967(BU), 1968(BU), 1970D(BU), 1971(BU)

Verdict: For the first time picking up cent bank boxes, the teller only had customer rolled cents.  I was excited to see what they might produce.  My excitement quickly faded after I open a few of the rolls.  A large number of coins were infected with verdigris. This box would of produced the best copper results to date except most were infected and were promptly placed in the return pile.  The curse of the Canadian Small Cent folder still is going strong.  If the large amount of verdigris wasn't bad enough, there were ample quantities road pennies. My favorite cent in this box was a BU 1959.

Coin Roll Hunting: 50 Roll Cent Bank Box Break # 6

I purchased a 50 roll box of cents from my bank and these are the results:

• Wheat Cents: 17
• Canadian Cents: 4
• "S" Mint Marks: 0
• Copper Lincoln Memorial Cents: 26%
• Total AU - BU Coins For Albums: 35
• Key Find(s): 1956D Toned Purple, Red(AU)  1962 Proof 

Verdict: These were machine rolled cents. The box had good copper results and there was a nice number of wheat cents with some rolls having 2.  This box provided slightly better Canadian Cent results than my last, but the curse of the Canadian Small Cent folder seems to be going strong.  As usual, there were multiple corroded and "road pennies" in this lot.  For the first time, I was skunked on "S" mint marks.  My favorite cent in this box was a monster toned 1956D with purple and red.

Coin Roll Hunting: 5 Roll Nickel Break # 4

I purchased 5 rolls of nickels from my bank and these are the results:

• Pre 1959: 3
• "S" Mint Marks: 0
• Total EF - AU Coins For Albums: 8
• Key Find(s): 1948(EF)

Verdict: These were customer rolled nickels from the same account holder that produced poor results. The majority of the coins were corroded or rusted.  I did get a few older coins, however, anything minted in the last 30 years was completely ruined.  The coins looked like they were recovered from a flood.

Canada Kills The Cent

Canada has announced they will no longer mint the 1 cent coin.   Starting this fall, Canada will begin removing the denomination from circulation.  The coin will still be accepted as legal tender.  Consumers paying with credit will still be able to make purchases in 1 cent increments, while cash purchases will eventually be rounded up or down to the nearest 5 cent increment.

50 Roll Cent Bank Box Break # 5

I purchased a 50 roll box of cents from my bank and these are the results:

• Wheat Cents: 8
• Canadian Cents: 2
• "S" Mint Marks: 3
• Copper Lincoln Memorial Cents: 32%
• Total EF - AU Coins For Albums: 122
• Key Find(s): 1962D(AU) 1963D(AU) 1971D(AU)

Verdict: These were machine rolled cents. The box produced the best copper results to date even though there was only a small number of wheat cents.  Interestingly, this box provided the least amount of Canadian Cents to date.  This is ironic since I just bought a folder for Canadian Cents (since I have been pulling so many).  Even though there were multiple corroded/green cents in the box, there was a massive amount of AU-BU Lincoln Memorial Cents from the 1980's - 1990's.