Thursday, May 23, 2013

US Debt Ceiling Debate Back in the News!

It seems as though it is the gift that keeps on giving; the US debt ceiling debate is back in the news. If you remember, the US national debt reached the debt ceiling of $16.4 trillion (that's right, trillion with a "T") after the US election in December of 2012. Instead of raising the debt ceiling in January 2013, the debt ceiling was "suspended" until May 19th. This weekend, the deadline came and went and we once again we are at the point where the debt ceiling must either be raised or suspended again.

It should also be mentioned that in the five months since January, an additional $300 billion has been added to the national debt. In the video above, we mention our thoughts on how amazing it is that this news story has been flying under the radar and how this entire debt ceiling story effects the way we invest in silver. Let us know your thoughts in the comment section on the debt ceiling story line.

Tuesday, May 14, 2013

Awesome Coin Roll Hunting Results!

This was box a great box, with 15 King George VI pennies!
In our most recent box of Canadian penny box, we were extremely lucky to get quite a lot of King George VI pennies, from 1940 to 1952. We were also fortunate to find a 1933 King George V penny, which is an excellent numismatic coin! We have only found six King George V pennies in almost three years of coin roll hunting, so it is always exciting to pick one of these up.

It is also nice to get these older King George pennies because the pennies have been discontinued here in Canada, which should make their value increase in the future as their numbers thin due to many of them being destroyed (i.e. melted down) during the government's transition. Here are the result for this box:

$25 Penny Box
-860 copper pennies (35.20%)

Total King George VI pennies (15): 1940x2, 41, 43, 45, 46x2, 47x2, 48, 49, 50, 51, 52
Total American Wheat cents (1): 1941

With these results, we have completely caught up on the boxes we hoarded before the Canadian penny was discontinued in February. Therefore, all of the penny results in the future will be from our last 14 boxes. Hopefully, they will be as fruitful as this box was.

Sunday, May 12, 2013

Canadian Copper Penny Results - Penny Box #35

Great to find a 1939 King George VI penny!

Coin roll hunting for Canadian copper pennies is one of my favourite hobbies. Unfortunately, pennies were discontinued in Canada this February. But my brother and I were able to hoard a few boxes before they were gone. These penny results are not from those final hoarded boxes, but are from a box I coin roll hunted back in January and wasn't able to produce the results for because I returned back to school. Here are the results:

$25 Penny Box
- 880 copper pennies (35.20%)

Total King George VI pennies (4): 39, 44, 50, 51

Keeping the nice condition pennies before 1980.
We did not have any Wheat cents in this particular box, which is a bit unfortunate. There were seven 1982 American pennies that we will weigh to confirm which ones are copper and which ones are zinc. Finally, in this box there were really extremely nice coins, from 1960, 1962 and 1970 that were in great condition. With the demise of the Canadian pennies this year, we have decided to keep pennies that are in very nice condition when they are older than 1980.

Hope that you enjoy the results for this box. Check out the YouTube video above to see the full results from box #35.

Friday, May 10, 2013

Time to Start Coin Roll Hunting Again!

Our last remaining pennies to coin roll hunt!
It has been awhile since our last update, almost a year in fact, but we plan on providing many more updates in the coming months that track the results of our finds through coin roll hunting. We were fortunate enough to stockpile a number of penny boxes, consisting of over 32,500 pennies in total, so you can expect a number of penny box results. These should be particularly interesting since it is almost impossible to get additional pennies here in Canada since they were removed from circulation in February.

We will also continue coin roll hunting 99.9% nickels weekly, with the possibility of increasing the number of boxes we were doing from last summer since there will be no more pennies available to coin roll hunt. Thank you to everyone taking a look at this blog and we hope that you enjoy the future updates!

To watch a longer and more detailed update, feel free to take a look at our YouTube update: