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 Replies: 18 / Views: 3,679 |
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Pillar of the Community
United States
2661 Posts |
Not any more. Searching halves prior to 2009 was very rewarding. One could find dozens of 40%, a few Walkers,Franklin s, and 1964 Kennedy's in nearly every box here in the U.S. I don't even do it any more because non collectors have taken over and there is just way to much competition.
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Valued Member
292 Posts |
So far I've found one box that had around $100 of silver coins in it and a bunch of skunks...found a penny worth $20-$30 and a several coins worth $1-5 but they're so few and far between that you'd never be able to realistically make any money doing it.
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Valued Member
United States
71 Posts |
It is the thrill of the hunt that is your profit. You may find something valuable or you may not.
My comparison is another hobby, trading cards. I can buy a box of those for $100 and open it, maybe hit something big but most likely end up with about $20 worth of cards. With coins I can buy a box of nickels for $100 and hit absolutely nothing and still have a value of $100 but I got to hunt and that was my profit.
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Moderator
 United States
56855 Posts |
 to CCF. If your roll searching for only silver then I can't see you making much profit. If your searching for errors/varieties like I do in cent rolls then in theory you could make a small premium "if" you can find a buyer. Either way it's a "hobby" not a business for most of us. Good luck in your hunting. John1  |
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Pillar of the Community
 United States
5828 Posts |
to CCF!  Cent rolls are the way to go! You find a ton of LWCs, and you can sell them for a ton of profit, depending on the condition, date, mm, etc.. I've only solde one of my wheat cents that I found, a 1909 penny for $5.50. Yep, penny rolls are the way to go! |
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Pillar of the Community
United States
2661 Posts |
Quote:
Yep, penny rolls are the way to go! I agree, cents are the only rolls I hunt these days. There is a lot of cool stuff to be found in those. |
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Pillar of the Community
United States
8137 Posts |
Most people (including myself) CRH just for fun. If I was trying to make money doing it, I would have quit a long time ago due to all the time it takes (driving to banks, searching rolls, rolling them back up again, etc.). If you are trying to make money CRHing, just stop right now because it most likely won't happen.
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Pillar of the Community
United States
840 Posts |
I've kept track of the value of the silver I've found in boxes of half dollars: 63 boxes = $1.23/hour of effort. This doesn't include the cost of gasoline or wear and tear on my car! CRHing is only a hobby.
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Valued Member
United States
309 Posts |
if your searching for a profit I don't think you will be successful but you can get lucky. It is ideal for a hobby with the thrill of finding something you can cherish  and never forget.. |
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Pillar of the Community
United States
4932 Posts |
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Searching halves prior to 2009 was very rewarding  I disagree. Silver was lower at the time too, unlike in 2011 when it jumped to nearly $50 an oz. Even if you searched large quantities, it'd still take a while to make a "living". Depends on also how you are selling them too. |
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Pillar of the Community
United States
4809 Posts |
You can make money, but probably not a living. As others have said, it's a hobby with a potential upside. But I wouldn't CRH with the notion that you will be making decent money...just finding decent coinage from time-to-time. That's the reward!
Good luck on the hunt!
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Valued Member
United States
95 Posts |
It can be Profitable if you have access to the FED vaults. LOL. If you are just picking up from a Bank and returning it to another bank, Nope. You will make more Money working part time in any minimum wage job, than CRH.
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Pillar of the Community
United States
6130 Posts |
CRH is much more like playing the lottery than it is like a job. You wager your time rather than money, but the odds of finding a $1000 coin are about as good as your chances of finding a $1000 scratch off. I used to do a box of nickels almost weekly, and after crunching the numbers, I found that I netted am average of $3 per box for about 1.5-2 hours of work.
Unless you get very, very lucky, just about the only way to make the turn the hobby into a job is to have access to industrial-grade sorting equipment calibrated to reject copper and silver.
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Pillar of the Community
United States
622 Posts |
Looking at it strictly as work, I imagine there are people with the resources and connections to make decent money CRHing half dollars. However, if you are the type of person with resources and connections, your time would be better spent in other ways. Not all CRHers are posting about it on the web, especially if they're well connected or collecting/selling a bunch of silver. Imagine if your dad or best friend owned a bank. Imagine if you had a special connection with one of the couriers.
As others have mentioned, CRHing should be a hobby. As we all know, most hobbies cost money. One of the great things about CRHing is it allows us to make a little money, or at least save money we would have spent on other hobbies.
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Pillar of the Community
798 Posts |
You can make money doing it but I (as a coin collector) am not trying to make money when CRH'ing but am actually just trying to find an old coin and pull it out of circulation for face value rather then paying for its metal content or its rarity which is always nice. I never sell any coins I find and never have even considered it. If you want to make money at CRH'ing, (and you can) it would be way more sensible to just get a job and make money doing that but if your In it for the thrill of the hunt or what I used to do it for then its a different situation. What would you rather do, go to the coin store and buy a silver dime for $2 or go to the bank and buy a dime box for $250 which you end up finding a silver dime in for only 10 cents?
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Replies: 18 / Views: 3,679 |
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Posted 05/03/2015 07:28 am
