Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Taking a hard look at your next roll of dimes could leave you with a nice tip.
A YouTube user uploaded his dad’s hobby: buying rolls of dimes looking for the ones minted with silver.
“I am averaging one silver dime out of every $100,” says the subject of the documentary.
He says he keeps $300 to $400 on him to buy up a bank’s dime rolls. He will only stop for a roll while he is on the way to do something else. Sorting all the rolls takes a few minutes. Once he sorts the dimes and removes the silver ones, he takes the dimes back to the bank.
With the going cost of silver, each silver dime he finds is worth about $2, about twenty times the dime’s face value.
“Occasionally I will find some really old ones and they will have a numismatic value.”
The U.S. Mint stopped making dimes out of silver in 1965.
Video uploaded by user The Bread Scavenger on Saturday
3 Comments
Pitfalcon6
Copper is good if you can deal with that many pennies . It takes around 175 USA Pennies to make a pound of Copper . 1.75 – 3.45 obvious play . Buy pennies keep Copper ones . Bank will not take them back though so develope ways to deal with pennies . I even keep the 90% Zinc ones . No need to melt , just keep them , Copper up and down eventually only up….$ .
Dempseyrobert
the us banks have been clearing out the quarters before 1965 for 5 years melt back into silver dollars for citizens to buy 4 quarters 30 bucks in new silver dollar !!
sailor
For all you Canadians, Canada minted silver 10 and 25 cent coins (50 cent and dollar coins as well but you won’t find those denominations in circulation). Up till 1967 they had a certain silver content. In January and Feburay 1968 silver coins with a reduced silver content were minted. Starting in March 1968, 10, and 25 cent coins were minted in nickel. Consequently, people , not realizing 1968 coins might be silver did not pick them out. Based on their reduced silver content 1968 silver coins were often rejected by machines designed to pick out silver coins. So Canadians, pay close attention to every 1968 coin you run into!