![]() Now, I will say this… There's an ethical matter to think about when buying grossly underpriced coins from yard sales, estate sales, and similar types of liquidations. Oftentimes, the collections are being sold under financially stressful situations by people who inherited the old coins and don't know what they are, what they're worth, or what to do with them. Many make some very fortunate finds, and they often pay only pennies on the dollar for these coins. Many coin collectors spend their Saturday mornings rummaging through the inventory at yard sales, garage sales, and estate sales looking for coin collections, filled coin folders and albums, or boxes of old coins. And this commonly happens at yard sales and estate sales. ![]() Oftentimes, people sell old coin collections without really knowing what they're selling. What does this mean for you? Next time you're passing by a CoinStar machine, be sure to look in the return slot… You may just make a very lucky find or two! And, yes, many people who dump their coins into the machines forget to check the return tray! Among these "rejects" are 1943 steel cents, silver coinage, Eisenhower dollars, foreign coins, tokens and medals, and many other interesting pieces. Many coins are dumped at random, including pieces the machines aren't able to accept. These coins are turned in by the many thousands, and normally the people who are turning these coins in never even think twice about what they're dumping into the machine. It costs only a small premium for the convenience of dumping the coins into the CoinStar machines, which automatically counts coins, and skipping the many hours of rolling these coins in paper wrappers. CoinStar machines, which make it easy for people to convert their loose change into instant cash, lure tens of thousands of people every day to dump tons of coins collected over many months or years in their jars, bins, and boxes. One of the latest tricks for finding valuable coins is by checking the reject tray from CoinStar machines. But don't just stop at looking through your pocket change (here's the "do something different" part of my post). Well, there are two common sayings that come to mind in this situation: "perseverance is key" and "to get different results, you have to do something different." So, what does this mean for Joe or Jolene Coin Collector? Sure, don't stop checking your pocket change, for you never know what will turn up next (that's the "perseverance" part of my advice). But what do you do if months, even years, pass and after religiously looking for items in pocket change you still haven't found anything worth writing home about – or coins worth anything over face value at all? ![]() ![]() Over the years, I have come across many cool coins in circulation, including old Lincoln wheat cents, Liberty and Buffalo nickels, wartime silver Jefferson five-cent pieces, silver dimes and quarters, 90% silver Kennedy half dollars, foreign coins, and many other valuable and unusual coins. I've been looking for rare and valuable coins in my pocket change since 1992. ![]()
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