tag:blogger.com,1999:blog-2339919478614580322.post2409030265702285596..comments2024-03-29T03:18:58.547-07:00Comments on Canada Coin Hunting: Coin Roll Hunting Goals For 2014 - Journey to 100 Pounds of Nickel BullionUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2339919478614580322.post-67600105370390113342014-01-28T13:29:34.491-08:002014-01-28T13:29:34.491-08:00Hi Koba, thank you very much for such a detailed c...Hi Koba, thank you very much for such a detailed comment! I certainly agree that coin roll hunting for pre-1982 Canadian nickels is a really effective way to get nickel bullion without the large mark ups as you say. It is amazing that you have gotten so much nickel bullion in the amount of time that you have been coin roll hunting. That is more than me and is a wonderful result for your efforts.<br /><br />And I also agree with you about there being multiple companies that are processing the coins for banks. Like you, I have received rolls that were purely nickels from after 1999 (i.e. steel nickels). I think you hit the nail on the head with the 5% number too. When we started, it was typical to get around 10% in a given box. However, today, we are typically hovering around 5%. <br /><br />Once again, thank you for your detailed comment and all the best with your future searches and coin roll hunting goals!CanadaCoinHuntinghttps://www.blogger.com/profile/05058835016359242886noreply@blogger.comtag:blogger.com,1999:blog-2339919478614580322.post-74052610026130354742014-01-24T09:17:57.280-08:002014-01-24T09:17:57.280-08:00Coin rolling for nickel is the only way to get nic...Coin rolling for nickel is the only way to get nickel for cheap. If you were to get quotes for pure nickel from a metals wholesaler, you're looking at huge markups. Trying to get bullion in small quantities from dealers is also expensive. Luckily, in Canada, we were able to get our nickels made from pure nickel. Don't quote me on it but I believe that is quite rare for a coin. <br /><br />I've been coin roll hunting for a bit less than a year and so far I've got about 130 lbs of it. The best banks to deal with in Canada are CIBC and RBC. TD is good for the coin counter machines they have in some branches. It saves time. <br /><br />I've noticed that if I go into a bank and ask for a bundle of nickels (10 rolls), I get more of the hand rolled rolls. If I order a box, my chances of getting machine rolled boxes are higher. Occasionally, I'll get the hand rolled boxes but they're not easy to come by. The disadvantage of getting smaller amounts of hand rolled is that you spend more on gas going from place to place. That cuts into expenses for this hobby. That's one thing that should be considered is time and extra expenses.<br /><br />The types of boxes I get are either the machine rolled ones or hand rolled ones. The hand rolled ones usually yield about 7.5% to 12% pure nickel nickels. The machine rolled ones are either duds (no pure nickel or cupronickel coins) with nothing before 2000 or they'll have a smaller amount of pure and cupronickel coins. Usually, those boxes get a yield of about 5%. <br /><br />It seems like there are multiple companies that are processing coins for banks. There are those that are taking out anything prior to 2000 and shipping them off to probably be melted and sold and then there are those that just collect vast amounts of coin and simply repackage them for recirculation (5%). This tells me that of all the nickel out there that the 5%'s are closer to the real amount of pure nickel nickels in circulation. The hand rolled coins are usually from people who've saved up a large stack of coins of the years and just exchange that for paper money.<br /><br />Occasionally, I'll get a roll of coin that is mostly pure nickel and cuperonickel. They're rare but I've come across rolls with 10-20 pure nickel coins and the rest are cuperonickel. <br /><br />Keep the cuperonickels as well, one day they'll be worth it. I believe once the American mint changes over to zinc nickels, people will be stacking those as well a la Kyle Bass. Anonymoushttps://www.blogger.com/profile/09903681862641988019noreply@blogger.com