I’m Dave Gates and this article series documents my experience coin roll hunting pennies.
I initially started coin roll hunting in November of 2017.
This is my first article this year (2019), life is busy so I only get to this when I have time or need an activity to keep the kid busy. So here we go!
Goals for coin roll hunting
Please read my inaugural coin roll article for my goals and thought process. Below is the short version.
- To have some fun, and stay productive during our bitter cold Chicago-Land winters. Or fill up idle time and keep busy.
- Treasure Hunting. Sort of fills that Indiana Jones wanna-be character.
- To build up a copper bullion portfolio. There’s always room for more bullion in my portfolio.
So here is what I found from my seventh box of coin roll hunting $25 in pennies.
- $7.00 copper coins, which I’ll add to the bullion portfolio. I forgot to get an exact count.
- (17) random wheat pennies.
- (8) Canadian pennies.
- (4) Really nice pennies I’ll keep for albums.
- (1) Random miscellaneous coin. Barbados I think.
- Lots of other newer zinc coins which I’ll return to the bank.
I’m lucky the bank I use has a coin counting machine when returning the zinc pennies, so this won’t cost me. Some banks charge a 10% fee on the amount counted. I believe vending machines like Coin Star are similar.
In fact one reason for starting this project was to keep my cost as minimal as possible. If I had to pay for returning the rejects I don’t think I’d be as agreeable to this project.
Here are some highlights from box 7 coin roll hunting.
I found an awesome condition 1944 wheat penny. This one is in such great condition I was amazed. The oldest wheat I found was 1939, pretty cool. I also found a really nice 1973 and 1974 penny, which I’m also keeping for coin albums. Here they are.
1939, 1940 x, 1944, 1944, 1945, 1946, 1948D, 1949S, 1951D, 1952D,1952D, 1955, 1956D, 1956D, 1957D, 1957D, 1958,
Conclusion
It was a nice box of coins. My son is having a fun opening all the rolls of coins. I may have lost a few pennies under the couch, but at least he is having fun, kudos that he picks them up too. Mommy is not so impressed with pennies tossed all over the house. sorry mommy!!
At the time of this writing the price of copper is around $2.84/lb, although copper prices are declining a bit, I don’t think it is anything to be concerned about. My plans are to hold this for a long time anyway. This is screen shot from the internet for Metal Commodities.
Additional notes: I need to remember to get an exact count of the cooper, for this roll of pennies I counted then moved them all into a container and forgot to write down the number. duh!!
The next step is to roll the copper coins into sleeves. Until next time. Happy Coin Roll Hunting!
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Thank you,
Dave Gates
