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Is Coin Roll Hunting Really Worth It?

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Valued Member
United States
446 Posts
 Posted 09/26/2014  5:47 pm  Show Profile   Bookmark this reply Add DCM Coins to your friends list
Islander.........that's the best post I've ever read here. Five thumbs up!
Pillar of the Community
Canada
519 Posts
 Posted 09/26/2014  8:10 pm  Show Profile   Bookmark this reply Add o-train to your friends list
I find coin roll hunting very worth it but not necessarily for the financial benefit. Although around this time last year I found a coin which would be considered valuable by anyone. I thought I would have the coin forever until I lost my job unexpectedly and a coin I had found for nothing made my life that much easier. It can be relaxing or it can be thrilling at times. If you're a bit of a hoarder or just OCD it can help scratch that itch as well. On days I'm feeling depressed it gives me a reason to get up and out of the house. Going to the bank to pickup coins and feel like I'm doing something.
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United States
2214 Posts
 Posted 09/26/2014  8:17 pm  Show Profile   Bookmark this reply Add jpsned to your friends list
What do I mean by "worth it"? Whatever it means to you.
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 Posted 09/26/2014  10:00 pm  Show Profile   Bookmark this reply Add Rackster to your friends list
O-train; that sounds like good therapy while you were in the in-between. I wouldn't hesitate to part with a find if it meant that the proceeds would go towards a greater need. Well, I'd hesitate just long enough to snap some pictures to remind me of a previous success until the next find.
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Canada
519 Posts
 Posted 09/26/2014  11:04 pm  Show Profile   Bookmark this reply Add o-train to your friends list

Quote:
O-train; that sounds like good therapy while you were in the in-between. I wouldn't hesitate to part with a find if it meant that the proceeds would go towards a greater need. Well, I'd hesitate just long enough to snap some pictures to remind me of a previous success until the next find.


Thanks Rackester. I've posted pictures here in a few threads but you can also see it in Coin World March 17, 2014 page 66 (although I'm not sure how to access it anymore). I guess it's my lame claim to numismatic fame.

Although it was really just dumb luck, but you can't find what you don't look for.
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United States
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 Posted 09/26/2014  11:13 pm  Show Profile   Bookmark this reply Add Rackster to your friends list
Even better!
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United States
840 Posts
 Posted 09/27/2014  1:11 pm  Show Profile   Bookmark this reply Add berto to your friends list
CRH is not monetarily worth it once you consider your time, effort, and gasoline cost.

My grandfather introduced me to the world of coin collecting some 30 years ago. He, of course, has since passed, but I fondly remember the time he spent with me teaching me a bit about what coins were valuable and what coins were not.

I CRH because I find it relaxing, and I enjoy the thrill when I find something worth keeping. I suppose it is a form of gambling, but the stakes are low b/c it costs me only the face value of the coin(s) I choose to keep.

Btw, in my area nickels are the most fun.
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 Posted 09/27/2014  2:30 pm  Show Profile   Bookmark this reply Add Rackster to your friends list
Hmmmm...

There's intrinsic and extrinsic value to CRH. Some may become addicted (a person can become addicted to about most anything I suppose), but I'm reading mostly about the intrinsic value (relaxation, reduced time in front of the boob-tube, etc.). As for the price of gas getting to and from the bank, if all you are after are the easy pickings (mainly low value finds), then extrinsically speaking, you might be better off saving up and going to the local coin shop. That said, I'm sure that many of us plan picks and drops while running errands here-and-there. So gas costs might be otherwise nominal (unless you live in a remote spot without easy access to the bank). Really, there's no right or wrong answer here - just your personal preference in how you obtain pieces for your collection.

So far, about 1/3 through a box of cents and I've 9 LWCs worth about $0.18. I've a few more AU LMCs, 3 2009, and 10 Canadian cents worth about a quarter in all. But I have a 1991 DDR set aside for identification roughly worth $8 to the right collector. So net investment in time (well spent by my standards) and around $0.35 face value, a decent ROI (but by no means will I get rich doing this, extrinsically speaking). Have fun folks!!
Valued Member
United States
179 Posts
 Posted 09/27/2014  2:47 pm  Show Profile   Bookmark this reply Add perotti31 to your friends list
I do it for the thrill of the hunt as well! Gives me something to do while my wife watches TV plus finding free money gets exciting!! My best box to date was a $500 box of half dollars, I pulled out 11 Ben Franklins (in excellent condition) and 1 40% Kennedy, at the time it was $80 in silver that's not to bad if you ask me! Now it's not always like that but it sure is exciting when you see that silver band or a key date that you are looking for in a roll!
Pillar of the Community
United States
937 Posts
 Posted 09/27/2014  4:44 pm  Show Profile   Bookmark this reply Add Tryna to your friends list
This question reminds me of a question my Micro Economics professor asked the first day of class; ‘Would you bend over to pick a penny up off the sidewalk?'

He went one by one around the room to get a yes or no and a short explanation. Maybe because I was twenty years older than everyone else I was the only one to answer in the affirmative. When a young girl on the other said of the room said ‘What the #$%^ for?'
I answered ‘It only takes 100 to make a dollar.'

So is CRH worth it? Well in the last few months most evenings I sit in the living room beside my wife as she chats on Facebook, usually with a dog in my lap, the TV on, a drink and a tray covered in cents. I have found three dimes in cent rolls, over 100 wheat cents, two Canadian cents needed for my wife's collection, numerous misc oddities, and 5 1998 WAMS that I can't find anyone who wants to spend money on them. Oh yea, and I keep all the cents in a hundred year old wooden strongbox with a cool spring loaded latch, so I have about $400 saved that I would most likely have spent on something else.

Yep, it is worth it.
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2214 Posts
 Posted 09/27/2014  9:54 pm  Show Profile   Bookmark this reply Add jpsned to your friends list
In reading the answers to my original post, I do see now how it is worth it. I know how searching through scads (but not rolls) of coins feels, and I also know how coming across a single wheatie after 15 minutes of hunting feels. It feels great and makes it all worth it!
Pillar of the Community
United States
1116 Posts
 Posted 09/28/2014  01:33 am  Show Profile   Bookmark this reply Add ghostrider to your friends list
I do some roll searching for dimes, nickels, pennies, and quarters.

When searching the dimes and quarters I'm not looking for silver (although I'd gladly take whatever came my way). When it comes to dimes I'm trying to assemble at least two rolls for every date and mintmark in what could be called BU condition. So far I am well off finishing my goal. When I arrive at my goal I'll have to come up with another goal for my dimes. In quarters since I have a nice collection of quarters for the last four series I'm currently trying to put together a circulated set of the ATB's and again am far away from completing that project. I'm also trying to put together rolls of BU coins also but am really not trying to push that agenda at all. The cost factor adds up to quickly in the quarter persuasion.

When it comes to nickels I'm trying to finish one circulated set of Jeffersons and working on another. For some reason I'm not trying to put together BU rolls by date and mintmark.

On the other hand when it comes to the cents there I am a multiple mission. I'm looking for IHC (found quite a few), Lincoln Wheatback coins, Copper, 2009 pennies, and S mark coins of any year(which is true of any current issue coin). I've most likely bypassed the Wide AM coins (not really sure of what to look for). Ever since I started I was never attracted to mis-struck coins and most likely I shouldn't be to quick to by-pass those coins either.

When it comes right down to it, I'm curious as to how much copper coins I can amass, just for the curiousity of it all. I figure I have a few hundred pounds of copper pennies and I'm leaving the problem of what to do with them all to my kids. They can be a pain in my but, but when I gone I'm plan to be a big one in their's. Sort of a revenge from beyond the grave thing.

I also cwr cents because there are a lot of nights when I can't sleep and rather than watching the TV all night, I do something I consider constructive.

So is it worthwhile for me, yes and on many levels. I still have long way to go.
Valued Member
United States
114 Posts
 Posted 10/01/2014  03:46 am  Show Profile   Bookmark this reply Add JSabatke to your friends list
I know times have changed, but when I was 14-15, I decided to hunt for pennies in a big way. I got $50 bags from the bank constantly and searched them. I ended up with an almost complete Lincoln Penny collection, no S VDB of course, but all the rest, and many in seriously great condition. That was back in the early 70s.
Valued Member
United States
234 Posts
 Posted 10/01/2014  04:12 am  Show Profile   Bookmark this reply Add StashTreasure to your friends list
I think it's like any hobby, it's worth it to you cause you enjoy it. I pick up a box once a week at the local bank and sort it through the weekend. I then deposit into my account Monday and repeat the process on Friday. It's just something to do on a slow night if anything else.
Pillar of the Community
United States
2214 Posts
 Posted 10/03/2014  9:15 pm  Show Profile   Bookmark this reply Add jpsned to your friends list
JSabatke, sounds like we're about the same age. I began collecting in 1972. I remember back then wheaties in circulation weren't plentiful but they weren't terribly rare, either. I could have done what you did, getting the bags form the bank. One reason I didn't is that my dad had almost a complete Lincoln collection from when he was a kid, and all from circulation. This included a 1909-S and a 1914-D.
Edited by jpsned
10/03/2014 9:15 pm
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