Found in change – an economic mirror?
JoesMaName
Posts: 1,067 ✭✭✭
This might be interesting to track.
With the costs of all staples: food, gas etc. going up, up, up, and most incomes stagnant or going down, I have a hunch that the rainy day funds out there are starting to get tapped, especially for retired or fixed income folks.
I’m definitely not trying to make light of this, as I fear many older people could soon end up homeless and destitute. I do however think we can gauge the state of the economy by the quantity and quality of circulation finds that start turning up. Posts that mention the finding of: wheat pennies, war nickels, silver certificates and other interesting items are becoming more frequent.
Let’s start posting what we find as we find it.
I’ll start – After not finding any silver in change (other then a war nickel two or more years ago) for at least 10 years; I’ve received my second 1964 Roosevelt dime in change in as many months.
The first was a darkish Phili in XF, the new one a nice AU58 or so from Denver.
With the costs of all staples: food, gas etc. going up, up, up, and most incomes stagnant or going down, I have a hunch that the rainy day funds out there are starting to get tapped, especially for retired or fixed income folks.
I’m definitely not trying to make light of this, as I fear many older people could soon end up homeless and destitute. I do however think we can gauge the state of the economy by the quantity and quality of circulation finds that start turning up. Posts that mention the finding of: wheat pennies, war nickels, silver certificates and other interesting items are becoming more frequent.
Let’s start posting what we find as we find it.
I’ll start – After not finding any silver in change (other then a war nickel two or more years ago) for at least 10 years; I’ve received my second 1964 Roosevelt dime in change in as many months.
The first was a darkish Phili in XF, the new one a nice AU58 or so from Denver.
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My teenage son washes golf carts and found a 1979 BUish SBA in a cart.
We live in a very rual area and we never see them.
He always picks on me about my coin stuff but I was so happy he thought to give it to me, I'm putting it in my 7070.
"If I say something in the woods and my wife isn't there to hear it.....am I still wrong?"
My Washington Quarter Registry set...in progress
I know I've started to get rid of my: "Maybe these will be worth something someday" hoard, spending them mostly to soften the gas hit or for tips when dinning out. Coins like MS clad halves, SBAs, SACs and the state quarters I'd squirreled away. After looking at what common Ikes bring on the Bay, I may start to spend them as well - It's fun to tip with them and considering the feedback shenanigans, mailing hassles, and seller's fees.... I may as well spend 'em, cause where this economy is taking us they'll never be worth more then face in my lifetime - and face is shrinking as I type!
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<< <i>My teenage son washes golf carts and found a 1979 BUish SBA in a cart. >>
I wonder if some golfer was using it as a ball marker.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I'm guessing someone got into their parent's collection.
Oh, and it's a narrow rim.
"If I say something in the woods and my wife isn't there to hear it.....am I still wrong?"
My Washington Quarter Registry set...in progress
~
this year in change (so far) ... six wheats ... one War nickel (and a near Choice Unc 1940 nickel also) ... and one 1962 Rossie
Considering I dont spend a lot of cash (and hence do not get a lot of change), that's a lot for me ... last year I didn't see any 90 or 40% silver ... did get one War Nick, and only four wheats ... for the whole year
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Todd - BHNC #242
<< <i>
<< <i>My teenage son washes golf carts and found a 1979 BUish SBA in a cart. >>
I wonder if some golfer was using it as a ball marker. >>
That was my thought, and he probably got it from a trip to the post office stamp machine.
60 years into this hobby and I'm still working on my Lincoln set!
<< <i>Was it the wide rim type? that would be even better
I know I've started to get rid of my: "Maybe these will be worth something someday" hoard, spending them mostly to soften the gas hit or for tips when dinning out. Coins like MS clad halves, SBAs, SACs and the state quarters I'd squirreled away. After looking at what common Ikes bring on the Bay, I may start to spend them as well - It's fun to tip with them and considering the feedback shenanigans, mailing hassles, and seller's fees.... I may as well spend 'em, cause where this economy is taking us they'll never be worth more then face in my lifetime - and face is shrinking as I type! >>
PM me when you get ready to rid yourself of those Ikes.
Of course we smashed those Lincolns up good in the elongate machines!
>>>My Collection
<< <i>not much, but I have seen some early state quarters lately that look like they just minted. Maybe roll hoards getting cashed in to the banks >>
Bingo ... ditto the bicentennials. A lot of rolled change that people have saved over the years is getting spent. Some of it is going to be silver. The hunting for 40% among half dollar rolls is decent lately.
4 months since my last visit and I picked up over a hundred dollars face... Included were five silver Am Eagles, which bought $5.00 in merchandise for each one.
Maybe not blood in the streets, but reflective of some distress at some level.
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
<< <i>I buy 90% and 40% from a local friend who owns a liquor store. Usually $20 - $30 face a couple or three times a year.
4 months since my last visit and I picked up over a hundred dollars face... Included were five silver Am Eagles, which bought $5.00 in merchandise for each one.
Maybe not blood in the streets, but reflective of some distress at some level. >>
I'm glad I checked back on this thread - The above is exactly what I expected to hear - and there is probably no better canary warning for this thought experiment then a liquor store.
Thanks everyone for posting.
P.S. durring the depression of the 30's some of the best performing stocks were liquor and beer companies.
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Have a good one!!!~David
in change from local mini-mart (1) 1943 S war nickel , (2) 1964 silver
roosevelt dimes , and the usual Wheat pennies of all years, also
(1) 2000 p sacagawea not a cheerios dollar though
Good luck everyone and Happy Memorial Day to all Vetrans!
Bought a roll of quarters for him on the way down. Laundry.
He called next day and said there was a very nice 1939 D quarter in the mix.
"If I say something in the woods and my wife isn't there to hear it.....am I still wrong?"
My Washington Quarter Registry set...in progress
make ends meet, in difficult times.
Camelot
Lane
Edited for grammar.
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
Walked toward a Star coin machine in Wal-Mart the other night, saw a coin in the reject chute..., casually eased over and picked up the 1964 "reject" dime.
bumanchu
looking at the teller's trays. also found a canadian silver quarter at
a gas station in my change.
102 capped bust half dollars - 100 die marriages
BHNC #198