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Showing posts with label penny. Show all posts
Showing posts with label penny. Show all posts

Monday, July 7, 2014

Coin Roll Hunting Finds From Box #57 - Nickel Bullion Search Continues!


What do you do when you you are roughly 80 pounds away from your goal of obtaining 100 pounds of pre-1982 nickels? You get to work coin roll hunting through more boxes of course! Some quick math would reveal that we have a lot of work a head of us in terms of achieving our goal. By only acquiring close to 20 pounds of 99.9% nickel nickels in the first half of the year, that means we have to find 4x as much in the second half of the year. That will not be easy, so we will have to put in a lot of work and most likely adjust a few things a long the way in order to make it.

Fortunately, our efforts were rewarded with a pretty decent box this week. Our percentage of pre-1982 nickel bullion coins was back up around the 6% mark. If we can get that percentage each box for the rest of the year, that will make a large impact on our goal. However, we are still not doing the greatest at finding older coins, that is, Canadian nickels before 1963 or American nickels before 1960. We were only able to find 3 pre-1963 Canadian nickels, consisting of the years 1962 and 1961. While that is disappointing, we would still much rather be successful with the 99.9% nickel nickels than these older finds. With that in mind, lets take a look at the results from our 57th nickel box:

$100 Nickel Box #57
-116 99.9% nickel nickels (5.8%)
-3 pre-1963 Canadian nickels
-0 pre-1960 American nickels

The challenge of the goal is actually making coin roll hunting a lot of fun. We don't know how the year will end, particularly since we can't control the percentage that we find in each box, but we can control our effort and we are committed to working hard to hit the 100 pound mark we set out for at the beginning of the year. Thank you as always for your support and following our journey.

How are your coin roll hunting searches going? Let us know what you are finding in the comments section, as we always love hearing your successes as well!

Friday, July 4, 2014

Nickel Coin Roll Hunting Finds From Box #56 - 99.9% Nickel Hoarding Continues!


Although we have not provided an update over the past few months, we are still making a concerted push toward our goal of acquiring 100 pounds of nickel bullion through coin roll hunting in 2014. While finishing up school for the semester put a damper on the number of boxes that we did between March and May, we are now back into the swing of things. We have been able to acquire a more consistent approach to coin roll hunting by gaining a coin order at our local bank, which as we have mentioned in the past, significantly assists in the coin roll hunting process. All of this couldn't come at a better time, as we are significantly behind on our 100 pound goal and will need to put in a lot of effort in the second half of the year if we are going to get close, let a lone succeed, at our goal. With this new found motivation and approach in mind, lets take a look at the results from our 56th nickel box:

$100 Nickel Box #56
-83 99.9% nickel nickels (4.15%)
-3 pre-1963 Canadian nickels
-0 pre-1960 American nickels

While our most recent results here are a little bit lower than our expectations of 100 99.9% nickel nickels per box, or 5 percent, it is still always nice to be able to add 83 nickel bullion coins into the collection and is another positive step towards 100 pounds. We are very much looking forward to jumping back into more consistent updates and trying to achieve the goal that we set out on at the beginning of the year. A lot of hard work will need to be performed, so we will be sure to keep this blog updated with our results for the second half of the year. I hope all of your searches are going very well!

Sunday, March 16, 2014

Debt, Interest Rates and Silver Stacking


A lot of reactionary blame is always placed upon individuals whenever there is a news report or general conversation discussing the ever growing debt that the public is finding themselves in. Whether it is through labels such as the "need it now generation" or negatively referring to financial habits as trying to "keep up with the Joneses," it is easy for people to not feel any sympathy for those who have gotten themselves in over their heads in debt. Although it is true that individual must be held responsible for the financial situation that they find themselves in, this type of thinking erroneously focuses only on the seen actions of individuals, and not the unseen factors that impact these actions.

As this video argues, the artificially suppressed interest rate environment that individuals find themselves in has created a situation that induces individuals to not only get into debt rather than save, but to exacerbate that debt by making it easy to carry their debt balances further into the future. As Henry Hazlitt so eloquently explains in his book "Economics in One Lesson," these unseen factors should be a place of reflection for any good economist. However, these difficult to see factors go largely ignored. When someone has their house foreclosed upon them since they can no longer afford the mortgage, it is too easy to call the individual a fool, rather than comprehend how lower interest rates had the unintended consequence of discouraging saving while at the time same make it seem more desirable and simple to finance their current overindulgence's at the expense of tomorrow's wealth.

At the end of the video, I also take the time to reiterate how important it is to avoid getting into debt when the goal is to acquire a larger silver stack. It is not possible to reach our goals in relation to silver stacking if we get ourselves into debt. A large silver stack requires one to sacrifice the luxuries today, for their enjoyment in the future.

As always, we would love to hear your opinions on the topic in the comment section below. Can debt and a large silver stack co-exist?

Saturday, March 8, 2014

Nickel Coin Roll Hunting Finds From Box #44 - 1967 Centennial Rabbit Found!


Our search for Canadian 99.9% nickel nickels continues this week with our 44th $100 box of nickels. Readers of this blog know that these coins offer us a number of beneficial qualities, chiefly being a cheap way to protect ourselves from inflation within the current inflationary monetary and fiscal policies that are ongoing. In addition to this potential protection, since their metal value is higher than their 5 cent face value, there is also the potential to receive a small gain down the road. Of course, the future is unknown and there is no telling what can happen years from now. But the one thing that is constant is that I love this hobby! While the above is all just theoretical and hypothetical, the enjoyment and fun that we get from coin roll hunting is what continues to push us forward to the next box.

This week saw us find a coin that we have not come across in a very long time; a 1967 centennial rabbit. This was a very nice find as we have had difficulty in coming cross the rabbits from quite a while now. We had a lower number of the 99.9% nickel nickels this week, but still a decent haul. Let's take a look at the results from our 44th box:

$100 Nickel Box #44
-101 99.9% nickel nickels (5.05%)
-8 pre-1963 Canadian nickels
-0 pre-1960 American nickels

We look forward to sharing our nickel finds with you next week. In the meantime, let us know what you are finding in your searches. All the best in the upcoming week!

Saturday, March 1, 2014

January 2014 Coin Roll Hunting Finds - Journey to 100 Pounds of Nickel Bullion


January was a great month for us in terms of trying to reach our goal of acquiring 100 pounds of nickel bullion in 2014 through our favourite hobby, coin roll hunting. We were able to acquire 4.4 pounds of nickel bullion in the four boxes we were able to search through. As I mention in the video above, we are not concerned about our current pace, which if continued, would put us far behind our 100 pound goal. This is because we are planning to increase the number of boxes for our weekly coin order to two boxes a week, which should help us out greatly.

The great thing about coin roll hunting is that it doesn't just yield us coins that have a higher metal value than face value. It also gives us the chance to find older coins that may have a nice numismatic premium on them in the future. Check out the video above to see all of our finds in the month of January.

How are your coin roll hunting searches doing? Let us know in the comments below, and as always, thank you for your support and letting us in on your finds.

Sunday, February 16, 2014

Hoarding Cupro-Nickels and 99.9% Nickel Dimes and Quarters?


Coin roll hunting is an extensive hobby, as there are many different ways to engage in the hobby and with many different coins that could be kept based on your own personal preferences and desires. For us, we look for coins that have a higher metal value than their face value currently or in the future, which generally includes compositions that include silver dimes and quarters, copper pennies and 99.9% nickel nickels. However, a question that we are asked frequently, and also discussed within the coin roll hunting community, is whether or not we hoard cupro-nickels and 99.9% nickel dimes and quarters.

The quick answer to both questions is not currently, but potentially in the future, for the cupro-nickels (i.e. nickels made from 75% copper and 25% nickel) and no for the 99.9% nickel dimes and quarters. In the video above, I go into greater detail why this is the case, but it has to do primarily whether or not we see value in these coins going forward. This is particularly true in light of the fact that we also see silver as a good place to put our money in order to protect our wealth within the current fiscal and monetary environment. Let us know in the comment section below whether or not you hoard cupro-nickels or 99.9% nickel dimes and quarters currently or could do so in the future.

Nickel Coin Roll Hunting Finds From Box #43 - Best Nickel Box of the Year!


Boxes like our past week's nickel box is what makes coin roll hunting an amazing hobby. Our 43rd nickel box ended up being our best box of the year so far, and by a pretty large margin. Not only did we find a substantial amount of 99.9% nickel nickels, but we had an amazing 22 pre-1963 Canadian and American nickel, primarily from Canada. This box will certainly help us to hit our yearly goal of 100 pounds of nickel bullion. Let's take a look at the results from our 43rd box:

$100 Nickel Box #43
-191 99.9% nickel nickels (9.55%)
-18 pre-1963 Canadian nickels
-4 pre-1960 American nickels

To see the nickels that we were able to find in this box, view the video above. I think that you will find it to be entertaining, particularly if you enjoy seeing coin roll hunting results as much as I do. As we move closer and closer towards our goal for the year, I just wanted to take the time to once again thank all of you great visitors to this blog. You certainly help us to keep going each week! Let us know how your searches are going this week in the comment section below.

Thursday, February 13, 2014

Future of American Copper Penny and Nickel Hoarding Revisited


Coin roll hunters have to always be on the look out for the potential of governments to either change the composition of the coins that we value for their metal content, or even worse, eliminating a particular denomination altogether. The latter happened a year ago here in Canada in relation to the penny, and as a coin roll hunter it was pretty devastating. All of the goals and plans that my brother and I had made towards copper penny hoarding were instantly thrown out the window and there was nothing that we could do about it. Eventually, we reformulated our goals towards silver and nickel coin roll hunting, but it still is a hard truth to swallow even today.

For this reason, I have examined the topic of composition changes or discontinuations a number of times, particularly with regards to American pennies and nickels. In the video above, I look at a number of different articles and legislation that is currently on the table that affects coin roll hunting and provides a window into what could occur in the future. I always love to hear your opinions on this topic, so please feel free to leave your opinion down in the comment section.

Nickel Coin Roll Hunting Finds From Box #42 - Canadian Wartime Nickel Streak Continues!


This was a fun box to coin roll hunt through! We have been lucky to have had some great success in finding older, more rare coins in our most recent nickel boxes, namely pre-1963 Canadian and American nickels. Our streak was extended with this box, and we did great on the Canadian wartime nickels from the years 1944 and 1945. Although they are not made of silver like the American war nickels, these coins were actually made from chrome-plated steel rather than nickel and they standout from the other years. Additionally, their age gives them a nice premium, which while not exceptionally large, is still an exciting reward for coin roll hunters. Let's take a look at the results from our 42nd nickel box:

$100 Nickel Box #42
-109 99.9% nickel nickels (5.45%)
-10 pre-1963 Canadian nickels
-1 pre-1960 American nickels

Although we would have liked to have found a few more of the 99.9% nickel nickels in this box, we are fully accepting of the fact that it will not be often that we get close to our older average of 10%. If we can continue to stay above 5% each box, we will be well on our way to our 100 pound goal for 2014.

How are your coin roll hunting searches going? Let us now what you are finding and any exciting finds down in the comment section below.

Importance of a Bank Order at the Bank for Coin Roll Hunting


We have tried to make our 100 pounds of 99.9% nickel nickels goal for 2014 a focal point of this blog recently. This primarily because is helps to reinforce the goal for ourselves and also keeps us motivated to continue towards the next box. However, we thought that we would do a video that focuses on a key aspect to our 2014 coin roll hunting goal, namely, the importance of having a coin order at the bank when trying to coin roll hunt. Having an ongoing order at the bank has helped us significantly and I don't know if we would be able to get to our 100 pound goal without it. In the video above, I set out some of the reasons why a coin order at the bank is so helpful for coin roll hunting. I hope that you find it useful within your current coin roll hunting goals.

Coin Roll Hunting Q&A #3 - Making Money & Profiting, 99.9% Nickel Nickels


Our amazing subscribers on YouTube and followers to this blog generate some of the best and most pertinent questions that I have seen surrounding the topic of coin roll hunting. In order to do them justice, not only do I try to answer them in the comment section, but I also try to provide more in-depth answers through videos which others may also find beneficial. It also allows others to provide their great insight that experience has given them. I hope that you enjoy the video and please feel free to provide your answers and opinions to the questions in the comments below.

Nickel Coin Roll Hunting Finds From Box #41


Readers who are currently keeping up with this blog will now that we love coin roll hunting and finding coins that have a greater metal value than their face value. We keep these coins as a way to protect our wealth in the current inflationary monetary and fiscal environment and because there may be an opportunity for their value to go even higher in the future. However, all this aside, it is just a great hobby that we both enjoy immensely.

As we have mentioned, we have set a lofty goal for ourselves in terms of nickel coin roll hunting by trying to accumulate 100 pounds of 99.9% nickel nickels in 2014. This will require hard work and persistence on our parts, but we are very excited as each box gets us closer to our goal. Let's take a look at the results from of our 41st nickel box:

$100 Nickel Box #41
-124 99.9% nickel nickels (6.2%)
-12 pre-1963 Canadian nickels
-1 pre-1960 American nickels

This was a great box of nickels for us, as we were able to bump up the percentage of pure nickel bullion coins quite substantially from our previous box. If we could continue to hit the 6-8% mark on each box, that would assist us with our goal going forward. It was also nice to find so many older nickels. We have been very lucky recently to find so many pre-1963 Canadian and American nickels. Looking for these older coins makes coin roll hunting even more exciting and it is nice to be rewarded with boxes like this.

Those are our finds for this box, I hope that all of your searches are going great. As always, we would love to hear about your finds recently in the comments below. Thank very much for your ongoing interest and support.

Sunday, January 26, 2014

Nickel Coin Roll Hunting Finds From Box #40


What a great hobby coin roll hunting is! It allows us to accumulate circulated coins that are worth significantly more in their metal value than their face value, yet only pay the face value price for them. While it is no get rich quick scheme (or low for that matter), it is certainly a wonderful hobby that offers us the ability to seek a potential profit down the road, acquire an asset with a good chance of keeping pace with inflation and having a lot of fun along the way.

We are continuing to push towards our 100 pounds of 99.9% nickel bullion for the year by coin roll hunting through our 40th $100 nickel box. Although it is still too early to say definitely, we are confident that our current pace will be sufficient to reach this goal. Here are the results from this week's box:

$100 Nickel Box #40
-85 99.9% nickel nickels (4.25%)
-13 pre-1963 Canadian nickels
-0 pre-1960 American nickels

We are very happy with the amount of older Canadian coins that we have been finding recently. The majority of the pre-1963 Canadian coins that we are finding are the 12-sided variety that standout from the rest. Finding these coins makes coin roll hunting even more of a thrill and continues to bring us back week-to-week. Let us know how you are doing with your finds this month in the comment section below.

2009D American Nickel Found Coin Roll Hunting


One of the many benefits of coin roll hunting is not only finding coins that are more valuable for their metal value than their face value, but also includes finding more rare coins that could potentially fetch a nice premium. Not all of these types of coins need to be minted decades ago. In fact, we recently came across a rare coin that was minted only five years ago. Although by no means is the 2009D a extremely rare numismatic coin, it's low mintage does make it a particularly sought after and difficult to find coin for coin roll hunting hobbyists. For this reason, we were very happy to find our first 2009D American nickel, which we can now add to the 2009P that we found almost two years ago!

Copper Penny Hoarding Before Silver Stacking? - Part 1 and Part 2



Although we are extremely passionate and strong advocates for the amazing hobby of coin roll hunting, we certainly understand that it is not for everyone. Similarly, depending where an individual is in their life, it may not be necessary outside of the excitement and entertainment that coin roll hunting brings. However, for us, as individuals in university with very little available money at the time (we're talking about less than $50 a month!), coin roll hunting was an extremely helpful hobby for us. When we could not afford to purchase silver and gold, coin roll hunting for copper pennies and 99.9% nickel nickels provided us with the means and flexibility to put the knowledge that we had been acquiring for the previous four years into action

The above two videos outline four of the primary reasons why we starting coin roll hunting, and more specifically hoarding copper pennies, before we started stacking silver. Those four reasons, simply, are: the built in floor of one cent, the ability to save on transaction costs, the fact that we could do as little or as much as we wanted and the ability to stop sitting on the sidelines and start accumulating assets that would benefit us within the current inflationary monetary and fiscal policy.

I could go into more detail on each one of these areas here, but it would probably be more beneficial to hear them in the videos above. Once again, I hope that these videos are not interpreted as making an argument for coin roll hunting in place of silver stacking. Both are beneficial in our opinion and each have their own advantages to weigh against your own subjective needs. Let us know what you think in the comment section below, as we always welcome and appreciate any comments and opinions!

Nickel Coin Roll Hunting Finds From Box #39


After setting our 2014 nickel coin roll hunting goal at 100 pounds, we have been making sure to start the year off right. We have a weekly order at a local bank for one $100 box of nickels. This has certainly helped our goal by ensuring that we get closer to it every week. Here are the results from box #39:

$100 Nickel Box #39
-124 99.9% nickel nickels (6.2%)
-8 pre-1963 Canadian nickels
-0 pre-1960 American nickels

We look forward to continuing towards our 100 pound for 2014, as well as sharing all of the results with you. All the best with your searches this week!

Friday, January 10, 2014

Entire Silver Stack - January 2014 Update


Now that we have posted our 2014 silver stacking goals, we thought that it would be a good idea to update our entire silver stack and show where we are starting from. We currently have 34 ounces of silver, with most of it being added during 2013. As you can probably tell, we are trying to get a wide variety of products, including generic bars, silver dimes and coins. The entire 34 ounces consists of either one ounce coins or bars, so we look forward to adding a few more denominations along the way, such as two ounce coins and ten ounce bars.

We hope that this video will help us to stay motivated through the entire year and serves as a good indication of not only where we started, but also what hard work, dedication and some fun can build. I look forward to coming back to this video at the end of the year and compare it to where we are at that time. Hopefully, it will serve as a positive image that indicates our efforts throughout the year.

Let us know what you think about our starting silver stack and what your 2014 silver goals are. Also, if you are thinking about making a silver purchase this month, what are some of the products that you are currently looking at?

Tuesday, January 7, 2014

What Is Your Silver Endgame?


The start of a new year usually brings with it the desire to either change mistakes or unsuccessful strategies made in the past, or to revisit reasons and goals that have been made to provoke original motivations. The new year has made my brother and I engage in many of these actions. We set out our coin roll hunting goals and silver stacking goals for 2014, given the success that goal-setting has provided in the past. However, we have also been reviewing the reasons for why we began to embark on going through coins, looking for ones that are worth more than their face value die to their metal composition, as well as purchase silver. During this review we have discussed what our silver endgame is; more specifically, to what ends are we working towards and when will we ever part with what we have been collecting?

The fact that we have been coin roll hunting and silver stacking in order to protect our wealth from the inflationary monetary and fiscal policies being followed today plays a very important role in answering this question for myself. Due to this ultimate goal and strategy, we are not focusing on a time specific endgame in regards to our silver and copper pennies. By time specific, I mean that I do not have a specific time frame, ounce accumulation over a specific time period or price target that would cause me to sell. For example, I am not firmly committed to holding my silver until retirement, which is likely to be 30 years down the road. It may be the case that this occurs, and it will made sense to hold throughout my entire life, but I am not entrenched on this position.

Rather, my endgame is focused more on the events that are occurring, namely, any events that show a move away from an inflationary driven-policy or where silver keeps its value in relation to the dollar to the point where it becomes an overvalued asset. Of course, there is no way for me to predict when any of this will happen. Also, there is no one specific event that would trigger me to sell. For example, a full reduction in quantitative easing by the Federal Reserve, while a move towards a tighter monetary policy, would not be a sufficient condition for me to get out of precious metals, copper pennies or 99.9% nickel nickels, particularly when interest rates are still artificially suppressed near zero. But I am prepared for the possibility that when events dictate that precious metals are overvalued, or where I can move into a wealth generating asset from the purely wealth protecting asset of precious metals.

This being said, I do not think that these events are imminent and I am currently focused on accumulation at this point. This is more of a discussion point for my brother and I am this point and we are very flexible going forward. I posted this question on my YouTube channel and received some amazing answers from those who viewed the video. Throwing out these questions and discussing them is always a fun, thought provoking exercise for us, so we would love to hear your thoughts in the comment section below. What is your silver endgame?

Monday, January 6, 2014

Silver Stacking Goals For 2014 - Journey to 100 Ounces


Although this blog strongly focuses on coin roll hunting, we have also been committed to purchasing silver over the last few years. We are purchasing silver (and hopefully some gold in the future) for many of the same reasons that we coin roll hunt. At the forefront, however, is to protect our wealth from the current monetary and fiscal policies that the world is embarking on, which we see as inflationary. Although there is no telling what could happen in the future, we see putting some money into silver as a responsible and positive action to take for ourselves.

In 2013, we had great results in adding to our silver stack. We were aided by the fact that we had set a goal, in September, of purchasing 1 ounce of silver every month for the remainder of the year. The primary reason that we are setting our our coin roll hunting and silver goals for 2014 is based on the success that doing so has provided us in the past. We ended up going over and above the goal and were able to add 24 total ounces of silver during 2013. Although this doesn't seem like a lot, and probably isn't compared to many of those who also stack silver, this was by far our most successful year and we were able to double our silver stack. We are going in the right direction and hope to keep the momentum going in 2014.

We have set a fairly bold (for us) silver goal for the upcoming year. We are going to try to add 100 ounces of silver in 2014. Like our 2014 coin roll hunting goal, we believe that it is both reasonable and realistic. However, it will take a little bit more work and sacrifice on our part to be successful, since it will be more difficult than adding 100 pounds of nickel bullion. That being said, we will have fun along the way and be sure to track the journey on our YouTube channel and on this blog.

If you have made a target goal for your silver stack in 2014, let us know in the comment section below, as we would be very interest in hearing what you are aiming for. We hope that whatever you goal is in terms of silver, that you have a lot of fun during the journey and are left with many rewards outside of the additions to your silver stack. All the best to you in 2014!

Sunday, January 5, 2014

Coin Roll Hunting Goals For 2014 - Journey to 100 Pounds of Nickel Bullion


Now that we have started the new year, we have decided to lay out our coin roll hunting goals for 2014. If you are new to the blog, we have been coin roll hunting through boxes of pennies, nickels and dimes in order to try to find older coins that are worth more for their metal value in relation to their face value. It is an extremely enjoyable hobby and we are hoping that it helps to ensure that we protect ourselves during the current inflationary monetary and fiscal environment that we are currently living in. Far from a get rich scheme, we hope that the little effort we put into the hobby today will yield some reward in the future.

However, with the termination of the Canadian penny in 2013, it does not leave us with many options in regards to what we can search through these days. For this reason, we are focusing our goal on nickels and searching for 99.9% nickel nickels. Therefore, in 2014, our goal is to try to collect 100 pounds of nickel bullion during the year. We will be looking for nickels minted before 1982, since the nickels during these years were made purely from nickel. Even with the price of nickel being low these days, the 99.9% nickel nickels are still worth more than their 5 cent face value, and made sense for us to try to collect.

This is a reasonable goal for us and is a realistic target to aim for. We were not entirely happy with our coin roll hunting results in 2013, as it was probably our worst year since we began in 2010. This was mainly due to the sporadic nature that we were coin roll hunting through boxes of coins. In order to remedy this, we have placed a standing order with the bank in order to receive boxes of nickels week-to-week. This makes coin roll hunting infinitely easier as we have to go to the bank and pick up the box, rather than go through the entire process when we are available to coin roll hunt. Although no specific element of coin roll hunting is particular onerous or difficult, having a weekly order has made coin roll hunting much easier in the past and should assist us greatly in our 2014 goal.

We are also going to try to go through boxes of dimes throughout 2014, but due to the lack of success in the past, we are setting a goal of trying to go through one box of dimes a month, for a total of twelve during the year. If we are experiencing better results, or are finding that we can put a little more time into dimes, then we might reconsider increasing this as 2014 progresses.

I believe that my brother and I have set some realistic coin roll hunting goals for 2014. It is important to note that coin roll hunting is a hobby that we both immensely enjoy. We don't see it as a way to get rich. Getting to spend some time together, discussing economics or other interesting topics, is reward enough. Also, we have been amazed at how welcoming and great the coin roll hunting community is on YouTube, and it offers us a chance to interact with those who also find coin roll hunting to be a great hobby.

I look forward to a fun and exciting 2014, and tracking our progress on this blog to let you all know our results and how the goals are going. We would be interested to hear what your goals are if you have made them for 2014. I wish you all a wonderful 2014!