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Wednesday, October 16, 2013

This Weekend's Nickel Coin Roll Hunting Results


As I mentioned last week, my brother and I have decided to get back into coin roll hunting Canadian nickels on a more consistent basis. Other than being a great hobby allowing for some excellent conversations and excitement, we do this because the melt value of pre-1982 Canadian nickels is significantly higher than their 5 cent face value since they are made from 99.9% nickel. From a value standpoint, these pre-1982 Canadian nickels standout from the modern day steel nickels. But to get back into nickel coin roll hunting consistently, we had to start with our first box in 9 months, and we were fortunate enough to do so this weekend.

If you watch our video from this search, you'll notice that before I started I had mentioned that I did not know exactly what to expect from a percentage standpoint. When we took a hiatus about 9 months ago, our results were fairly unpredictable. The valuable Canadian nickels mentioned above typically ranged between 5% and 10%, with the majority of our boxes falling closer to the low end of that range. Although there shouldn't have been a dramatic change in the past 9 months, I am well aware of the fact that the Canadian government and the Royal Canadian Mint is actively trying to cull these nickels out of circulation, making them a formidable competitor of ours.

However, our results left my brother and I extremely happy and confident to continue with our goal of jumping back into nickel coin roll hunting. Here are our results from this weekend:

$100 Canadian Nickel Box #31
- 178 99.9% nickels (8.9%)
- 16 pre-1963 12-sided Canadian nickels
- 1 1942 King George VI nickel

As you can see, we found an excellent percentage of 99.9% nickels, in addition to being very fortunate to find 17 pre-1963 Canadian nickels, including a 1942 King George VI nickel! I look forward to searching through our next box and, as always, sharing our results with you.

What are you guys searching through this week and how are your coin roll hunts going?

2 comments:

  1. Interesting article. I had a question about something I was curious with. For 1967/68 coins, what do you use to measure them with in order to determine silver content? Do you use a digital kitchen scale or a jewelers scale? In your opinion, would cheaping out by buying a half price kitchen scale end up paying off?

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  2. Hello AJ. I apologize for the late response to your question. You want to be careful using a kitchen scale as most of them only measure to the gram (i.e. no fractions of a gram); at least my cheap kitchen scale does. I would need to know to the fraction of a gram in order to be absolutely sure. This would apply for American 1982 pennies as well.

    For example, 1968 coins are either 99.9% nickel and weigh 2.07g or 50% silver/50% copper and weigh 2.33g. A kitchen scale that only measures to the gram would not work in this case since you would have to know at least to the tenth of a gram, but preferably to the hundredth, whether or not it was the silver version. Also, the 1967 coins weigh the exact same whether it is 80% silver or 50% silver, so unfortunately, neither scale would be able to help you in this regard.

    I don't know how much a jeweler's scale costs, but if it is high and is just going to be used to weigh these coins, in my opinion it isn't worth it. Right now I keep them all together and just use a magnet for the 1968 coins, which is much cheaper than a scale. :) If it sticks, it is nickel. If it slides off, it is silver. I hope that helps and sorry again for the late response.

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