Saturday, March 14, 2009
Walmart Trip
Had to get to Walmart to pick up some stuff today. As usual they had no ammo I could use. They did have boxes of generic saltine crackers for 98 cents and cake mix for 88 cents. Got some quarters to dry my laundry (the dryer is on the fritz) and saw something new. Apparantly now they use clear plastic to roll quarters. Got to love how walmart will find any way to save .0003 cents. No 90% silver in there as I can see the ugly edges of the new crap quarters. I really think the odds of stumbling onto 90% silver change through normal commerce are somewhere between slim and nill. I remember Rangerman saying that once as an experiment he got a hundred dollars in dimes and found one that was silver, that is .001% odds.
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I never see those damn things. Not even in my old coin collection! I had no idea about 90% back in the day when I was saving old dimes, nickels, and quarters. Of course I have an assload of pre '65 nickels. I have like 400,000 1964 nickels. What the hell, did they forget to mint the damn things for five years before that? I recently took my bucket of change to the credit union to cash out for bills. There was an old dude using the machine before me. He had two HUGE cans of coins that he had just dumped into the change counter. It gave him a ticket for almost $700. Must have been a shitload of quarters! Hey, shitload is accepted by the system without a red underline, but assload gets flagged. Crazy-ass Firefox. Go figure. Anyway, I asked the dude if he went through it before he brought it to the bank, and he said he used to, but didn't want to mess with it this time cause there was so much. I bet there was some silver in that batch. What becomes of those coins? Do you think they just re-release them to the public at the counter for change, or do they send it off to the bigger bank? I wonder.
-Humongous
Humongous, I think the pre '65 90% stuff has pretty much been picked out of general circulation. Bad money drives out good money. I duno what they do with the change.
Humongous, I think the pre '65 90% stuff has pretty much been picked out of general circulation. Bad money drives out good money. I duno what they do with the change.
I was talking to my mom about this the other day. She works at a major department store chain, double checking people drawers at the end of their shift. Last week she found a liberty dime and a silver certificate. So I guess they are still out there.
I hate to be picky but finding 1 dime from $100 would give you 0.1% not .001%
I love your site and all of the useful information. I'm just a nerd when it comes to incorrect math.
2:21, I didn't say there isn't a single piece of 90% silver in circulation just that there is very little in circulation.
3:06, You are absolutely right. I got it right if it was a decimal and then added a percent sign for reasons that are now unclear to me.
FWIW--
Get in good with the sporting goods supervisor at your local Walmart. Tell them what you are looking for. What I did was kept going in a few days in a row. Finally, she got tired of telling me no, and "maybe check tomorrow evening" or whatever. She asked me to leave my number and she called me this morning and told me they had a shipment of WWB 9mm and 45acp 100 rd packs. She's holding 200 rds of 45acp for me I need to go pick up. But she would have held whatever I was looking for (just picked up 500rds of 9mm WWB at another WM I was driving by on the way back from the range).
I have found exactly three silver quarters in the past 10 years, and 3 silver dimes. They sure are scarce.
The guys on the Kitco boards spend their Sat nights going through sacks of coins looking for pre-65 and they are very rare. Finding one dime is enough of an event to warrant a post and 20 attaboys.
Coachteet, I will give some thought to that strategy.
Brass, Bad money sure does drive out good.
12:02, Yeah I check coins I get through commerce out of habit but I haven't found much to date.
Actually ended up getting 300rds. OK, I have a problem...
Seriously, though, the supervisor told me she believed they will be raising ammo prices at WM's nationwide on 4/1/09.
"The Roman Emperor debased the coinage.....corresponding to the beginning of the era of coin debasement and inflation and over-taxation." Edward Gibbon, The Decline and Fall of the Roman Empire.
It's called "roll hunting" -- as in rolls of coins. Go to your bank, get as many rolls of coins as you can carry, sift through them all, keep the silver, sell the rest back to the bank -- you spend $0.
I'm up in The Great White North (aka Canada) and I decided to experiment after reading about some other people who do it. One guy went through almost 300,000 coins (you read it right) in 8 months and came up with 810 silver coins = 158 ounces of silver (approx. $2,100). His odds were 0.27%.
I've been doing it for almost 2 weeks now and have hunted just over 1 ounce of silver coinage, with odds of 0.86% (in 3,100 coins).
Takes time and running around to different banks, but what it is is F-R-E-E silver! Very literally, F-R-E-E money!
Wife still thinks I'm crazy.
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