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Replies: 18 / Views: 4,580 |
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Valued Member
United States
154 Posts |
This is not the preferred method.
1) CRHers agree that picking up and dumping coins at the same bank is bad form, because you are recycling your finds and it makes tellers to extra work which will get you cut off eventually.
2) CRHers agree that informing tellers will often backfire. If they know it's valuable and what to look for, they'll get it before you do.
3) Asking tellers to search through coins will probably frustrate them and hurt your chances at a good relationship. Their job isn't to be your coin shop or find particular dates.
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Pillar of the Community
United States
4809 Posts |
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Pillar of the Community
United States
2543 Posts |
If you use the same bank for years, basic friendly interaction, creates a business friendship. I know all the tellers in my bank by name as they know mine. When I do bank transactions, I always say "so got anything interesting in the trays", if they do, they are more than happy to sell it to me.
In my old bank, one of the tellers was a collector, so he scooped up everything. Like your LCS forged friendships go a long way.
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Pillar of the Community
United States
6326 Posts |
 IT would be bad form to ask for particular dates for you....and you don't want them to "share in your excitement" over silver.... 
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Pillar of the Community
Canada
1747 Posts |
100% in agreement with what people are saying.
up here I buy all of the dollars and 50cent pieces I can find (in Canada they are out of circulation) and look for varieties and silver.
You need to get an account in a larger bank or CU that has branches in your town, and ones in adjacent towns. you need to dump the stuff you don't want somewhere outside of your own feeding pool.
Also know that trying once in a blue moon to get silver is really like playing the lottery, you might get lucky, but mostly you loose. If you want to find silver you need to commit to crhing buying a roll of halves is not committing, buying a box/week would be.
As for the rural/local aspect of your comment, I would say that it depends on the area, if you have what we call an area that is "Nearly Dead or Nearly Wed" you may find more silver, if the population is not in those categories I don't think you find much difference.
Note that in a rural area coins are not really circulating that much and your bank may not be ordering much new coinage, and for this hobby you need fresh coins to go through. This means I would suggest looking at a higher populated area with more banks to be a more primary pick up bank(s).
That all said, it would be wise to make friendly with your local bank tellers, let them know you are a coin collector. DO NOT tell them you are searching for silver specifically, because they may start pulling stuff before you can get them. Show the tellers old coins you have found in the past, bring them chocolates or candies from time to time, and when you go in, buy a few rolls, and then ask if they have anything odd or different.
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Moderator
 United States
56855 Posts |
Being in a small town may increase your odds of finding old/odd coins but I think you would be better off buying rolls of halves. Good luck. John1 
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Valued Member
 United States
131 Posts |
Well, I'm glad some advice came in! No no no I didn't go to the bank and have a failure, but let me tell you a few facts. One, the town's population is about a NOT couple thousand, but around 7,000 to 8,000, so it might be eh, idk. Second, our bank is Capital One. Third, I did go in there and exchange $28 worth of change some time ago without a problem, but that doesn't matter and does not relate to the bank teller friendship building.  And fourth, just a reclarification question, does population matter on the odds of finding more old and unique coins? I'm just wanting to be sure because I do want to find old stuff. And about the halves, $500 of them is not in our budget sadly  However, $25 of pennies can be in my own budget if I can save up my dang money, maybe even $100 of nickels!  But probably pennies, cause of the many things you can look for in pennies (wheats, coppers if you want to hoard, errors, etc)!
Edited by BoojiBoyTravis 05/10/2016 8:19 pm
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Pillar of the Community
United States
6326 Posts |
Yep, I've just been doing Cents and occasionally Nickels (I convince my wife that IF I find 2 nickels to keep, it all goes back in the account...lol). Since I can't buy anything from the LCS or order anything, CRH is all I have right now ! --  And I get excited finding Silver War Nickels, Buffalo's, V nickels, Indian Head cents, old Canadians, Wheaties....and maybe a semi-key of something....varieties, etc...it's "Poor Man's Coin Collecting"...and i'll take it because it's all I can do at present AND ITS FREE !. .. 
Edited by eaglefoot 05/10/2016 11:26 pm
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Pillar of the Community
United States
1695 Posts |
Quote: it's "Poor Man's Coin Collecting" +1. Yes!
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Moderator
 United States
56855 Posts |
 John1 
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Valued Member
 United States
131 Posts |
 Coin roll hunting is a gamble you can't lose, because if you do not find anything you don't lose any cash! 
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Pillar of the Community
Canada
1747 Posts |
Booji, population base would only affect the rate of turn over for the coins. if your in a city of 10,000 people the banks do not require the same amount of change that a city of 1,000,000 people do.
you can always ask your bank if they would be willing to order you in a box of cents($25) or nickels($100), however you need to have in place someway to dispense of the stuff you don't want. They will not be happy if you take it there, and you will most likely just keep receiving the same rolls from them if you do.
As mentioned earlier you should find another bank in a neighboring town or a coinstar to dump your coins at.
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Pillar of the Community
Canada
5241 Posts |
Banks would not separate coins by year, so I do not see how it could be beneficial to ask for "pre-1970" or "pre-1965" anything. How would they know unless they searched the rolls or loose coins?
I think that the bigger issue in searching is not whether the town is small or not, but whether they are any other roll hunters in the area. if so, the town has likely been emptied of all the good stuff by now.
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Valued Member
 United States
131 Posts |
Yeah, we have some local Coinstar machines around our area, but how will I avoid the 9-10% money eating fee?
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Pillar of the Community
Canada
1747 Posts |
I did not say it was the best option, only an option. some coinstars offer gift cards and a zero% fee. The best option is to find a dump bank.
This Hobby we do Coin Roll Hunting, is not by any means an easy thing, you need to have a plan, from where you buy the coins, to how you get rid of the coins. Heck you could just spend all the change instead of dumping, that is another option.
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Replies: 18 / Views: 4,580 |
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