How often do you find 50 year old BU coins in circulation?

oldsubguru

I went to Arby's yesterday, bought my sandwich and noticed an off colored nickel in the change that I received. I looked into the cash draw and saw a bunch more of the same nickel. It turned out that someone had dumped a roll of 1962-D Jefferson into circulation. I got the rest that were left in hopes of finding a variety, but no luck.

RollSearcher

Always nice to find something like that! Its cool that you can tell from a distance when they're the older coins.

You often find stuff like that when searching rolls. Besides people looking for varieties, a lot of dealers will get nickel and cent collections, just take out the keys and dump the rest.

ricko

Interesting...but that one looks quite 'used'.... Cheers, RickO

OldEastside

It does happen, I recieved a 58P jeff BU a few years ago, and about 5 or 6
years ago my wife, who has a keen eye got a BU roll of 64d dimes that a guy
bought some gas with, a week later same guy she says gave her a roll of
63D BU dimes for gas, and she bought them and brought them home, then
a few monthes later she brought home a bu 54s dime, (just One) and I said
to her wheres the rest of them (expecting a roll of them) she said she just
got one...........I guess I got spoiled

Steve

cladking

There was a lot of "investing" in modern coins up until 1965. Millions and millions
of coins were set aside and collectors were clamoring to get more because these
were believed to be the road to riches. The government even blamed collectors
for the ongoing coin shortage but of course they weren't really the cause since fer-
er than 20,000,000 coins of each date were being saved and the government was
pumping hundreds of millions of coins into the void caused by the general public
hoarding mostly silver. People tossed their coins into buckets and were slow to re-
deem them because everyone knew silver would skyrocket.

These rolls and bags of coins that were hoarded are still coming into circulation a
few here and a few there. The attrition on nickels is very high leaving relatively few
coins in circulation so it doesn't take many old BU coins to be seen. You'll also no-
tice a disproportionate number of XF and AU old coins as well caused by the same
process. This occurs with pennies as well but pennies spend so little time in circu-
lation that one can pass from one change jug to the next without getting much wear.

jmj3esq

I don't recall I ever have. Close though. I have found some 1964 Kennedys that were UNC while roll searching some years ago.

mbogoman

Last week I was on vacation, visiting my wife's brother and doing a little leaf peeping in Massachusetts. We had lunch and some local brew at at place called "The People's Pint" in Greenfield. Nature called and sent me to the little numismatist's room. As I was sitting on the throne, a shiny copper colored round coin on the floor caught my eye - it was about half-covered by the trash can pedal. Without my glasses, I figured it was a Chucky-Cheese token or the equivalent. As I concentrated more on the job at hand, I looked closer. I thought I was seeing wheat stalks. I put on my glasses and was quite surprised - they were wheat stalks! I picked it up and well, you can see it below. A 71 year old coin in near mint state! When I finished I went back out and asked the bartender if he had just opened a roll of pennies and told him why I had asked. He said they had also been seeing a lot of old nickels lately and they all came from the bank across the street. So I went across the street and asked if they had any hand-rolled nickels or pennies...nope. But I bought10 rolls of each, anyway...drumroll...all moderns. Must have missed the boat by a day or two. Oh well, it was kinda cool anyway.

[URL=http://s966.photobucket.com/user/mbogoman/media/Coins/1942-DLincolncombined_zps85002fe4.jpg.html][/URL]

rec78

I have a lot of 1962 and 1963 original back wrapped rolls of lincoln cents that I inherited and will soon be releasing into circulation. Maybe you will find a few of them.

Bob

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mustangmanbob

Funny, because I just had something like this happen. I was at the C*C*'s pizza, and when I paid, noticed a very brilliant Delaware start quarter in the till. and a lot more very brilliant quarters around it. I asked for $7 in change for the arcade games (so they would not hand me a roll), and the cashier scooped them up and counted them out.

When I got back to the table, I was able to build almost a complete set of the 1st 5 years of the state quarters, all UNC (until a few moments earlier). Somebody cashed in an album.

No proofs or silvers though.

ProofArtworkonCircs

Back in 1963, it was pretty easy to pick a BU 1878S Morgan dollar out of circulation. That is 85 years old at that time.

ckrakowski

i just bought 10000 wheat cents and have found so many bu 1957 and 1958 wheats that i do not look twice at them anymore. i have found a good number of bu wheats. the earliest i have found so far is a 1940d bu wheat.

AMRC

I would call that nickel BU. If you are anywhere around me you will see this spent all the time. Really cannot do much else with them.

SaorAlba

This summer I found a BU 1959-D Roosie while mining CWR for silver - so it is possible to even find BU silver out in the wild.

halfhunter

I wonder . . . In 205X if folks will be finding mint fresh SHQs & WJNs as the grandkids start to dump all those those horded rolls at the banks ? ! ? !



HH

TwoSides2aCoin

Don't be surprised at what a lot of dealers put back into circulation by way of "deposits". If it's not collected it loses it's value and luster... let them sell it back to me, if they don't want to collect it. I pay 5% more than Coin Star machines.

johnny9434

one gets them time to time. (kids take it out of the books, hard times and people do tough things)

Cocoinut

<< <i>Don't be surprised at what a lot of dealers put back into circulation by way of "deposits". >>



This is true. In the early 1980's I worked for a dealer that was going to deposit several dozen BU rolls of nickels from 1956-1969 that had been accumulating in the vault. I retrieved 10-15 rolls at face value and stashed them away. They haven't made me rich, having Greysheet values ranging from $2.50 to around $10, but after all these years, I'd hate to put them in circulation.

Jim

lkeigwin

<< <i>As I was sitting on the throne, a shiny copper colored round coin on the floor caught my eye - it was about half-covered by the trash can pedal.

>>



Looks very nice. But there's a coin I would bathe in acetone no matter what.
Lance.

RedneckHB

I got a 71-D Kennedy a few weeks ago. Must have been from a cut up mint set, but how often do you get a Kennedy back in change.

I also dropped 2 proof Jefferson nickels into circulation last week.