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 Replies: 22 / Views: 2,558 |
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Pillar of the Community
United States
4333 Posts |
Got to be the dimes. Too much competition here for halves. Last year I searched $25k in dimes and averaged 1 silver per $150 searched, including 15 silver canadians and 15 mercs. The year before I pulled 6 Barber dimes from a 12-box order. Dimes never disappoint. Next would be halves, but then again, too much competition between the tellers and other hunters, boxes are hit and miss. When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
2520 Posts |
Quote:
Got to be the dimes. Too much competition here for halves. Last year I searched $25k in dimes and averaged 1 silver per $150 searched, That comes out to be 167 silver dimes. (or a shade over 12 ounces of silver). I got over 100 ounces of silver in less than a year searching halves. I hear that out in California that "dimes give it up", but not around here. I do occasionally find a silver dime in a roll, but it sure does take alot of them to amount to anything (if you're looking for silver). |
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Pillar of the Community
United States
4333 Posts |
I gotta learn how to reply to a quote here, sorry newbie to this forum.
I searched $18k in halves last year and found maybe 10 90's and 130 40%'ers. Halves to me are just boring, way TOO much competition and searching thru dumps....wish it was different, even 3 years ago it was the same way. Dimes just give me more variety, and I'm more of a collector than a hoarder.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
2520 Posts |
Quote:
Dimes just give me more variety, and I'm more of a collector than a hoarder. Quote:
I guess I just don't understand the nickel search. Then you should be able to understand why we search nickels! Key Dates, semi key dates, silver, Buffalo and Liberty "V" nickels are found. Edited by ratman4762
01/22/2010 10:15 pm
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Pillar of the Community
United States
952 Posts |
Quote:
When banks order halfs do they get them from the mint or do they get customer rolls that are stored off site?
Not sure, perhaps someone else reading can answer this. Both of the banks I use takes abt 2 weeks to get them, so they may actually come from the fed when all is said and done. I do not know if the armored carriers keep a stock of coins or just transport whatever the customer orders from the fed. I would think in some cases they keep a stock as sometimes you can hit the jackpot, esp if you are in a smaller town, which makes it sound as though the coins did not come from the fed, b/c if they all did we would always be searching thru some coins that have already been searched if we order them. Hope this makes some sense. Edited by mdh157
01/22/2010 10:18 pm
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Valued Member
United States
436 Posts |
Quote:
Not sure, perhaps someone else reading can answer this. Both of the banks I use takes abt 2 weeks to get them, so they may actually come from the fed when all is said and done. I do not know if the armored carriers keep a stock of coins or just transport whatever the customer orders from the fed. I would think in some cases they keep a stock as sometimes you can hit the jackpot, esp if you are in a smaller town, which makes it sound as though the coins did not come from the fed, b/c if they all did we would always be searching thru some coins that have already been searched if we order them.
Hope this makes some sense. Yeah it makes sense... All 4 of the banks in town told me they would have to order them.. the 2 credit unions said they never get them... ALL 6 asked if I ran a business in town .. when I said no they asked why I would want so many coins... I told them I collect and they looked dumbfounded ... There is also no coin shop in town but there is a horrible one 1 town over...BUT one of CUs did give me 20 ikes one day. I guess not that many people collect up here so My chances are farily good.. I've just been stockpiling since I moved up here.. not much time to sort through and I lost my loupe in the move. I mainly do 1 cents, and nickels I've almost completed both sets ( LMC and Jeffersons) |
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Pillar of the Community
United States
2589 Posts |
Generally the cash handling services (which what most people see are the armoured car side of it) have there own reserves of coin and cash upon which they use to service the various banks. When these reserves run low, they order coin and cash from the Fed. If they feel they have to much coin or cash they deposit it in the Fed. Most cash services (such as brinks) here in the east get their coin from banks that have coin counting machines. With the bad economy more and more coins are being returned to the cash services and less and less ordered from the fed. Since the current coin supply at the fed is sufficent to meet the demand for orders, the mint is recieving less coin orders hence last years lower than normal mintages.
-XoG
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Pillar of the Community
 United States
819 Posts |
I noticed a new grocery store (large chain type) now has a FREE coin counter, keeping that in mind of recylcing coins.
last rolls of halves I got from my bank came from the vault, all BU 20000's.
In answer to nickelsearchers question above, my motivation is to find "keepers" of any denomination for future sale, silver, errors that I can sell; all oriented to getting some profit for my time; next would be the "thrill of the hunt" when you find a real goodie.
Sounds like it may be nickels and halves I want to seaqrch. Have never ordered a box of coins, that may be my next step.
I am retired so I have the time to search without being totally consciouos of how my time is spent, this is as much fun as gardening.
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Pillar of the Community
United States
2520 Posts |
If you want profit for your time, I strongly suggest half dollars as part of your routine. Buying boxes and searching is good if you have the finances and a bank or banks willing to order you many boxes. Some boxes may be Skunkers. Customer wrapped rolls typically yield more silver than boxes. (Note! A customer wrapped roll is a roll that a customer turned in after saving half dollars for a period of time! Not to be confused with similar identical looking rolls turned in by Roll Searchers)
My best haul from one visit to a bank was (60)40%, (17)90% JFK's and (8)90% Franklins. But I've also hit many "dump banks" and got nada.
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Pillar of the Community
United States
952 Posts |
Quote:
Generally the cash handling services (which what most people see are the armoured car side of it) have there own reserves of coin and cash upon which they use to service the various banks. When these reserves run low, they order coin and cash from the Fed. If they feel they have to much coin or cash they deposit it in the Fed. Most cash services (such as brinks) here in the east get their coin from banks that have coin counting machines. With the bad economy more and more coins are being returned to the cash services and less and less ordered from the fed. Since the current coin supply at the fed is sufficent to meet the demand for orders, the mint is recieving less coin orders hence last years lower than normal mintages.
So I may just get lucky as $1000 in halves I'm getting are coming from Brinks...The other $1000 are coming from String and Sons. I know from talking to the tellers that nobody in my town that uses those banks orders halves, so I guess we will see how many in other towns that are serviced by the same handling service office seaqrch halves. Perhaps I will just try to hold onto them a bit and place another order for the same amount from each bank, just to dig into the pile a bit too see what is available in there. The big problem is, that may also explain why I haven't had much luck with silver in brinks rolls.....perhaps the silver that some are attempting to deposit is getting kicked out of the machines into the reject bin. that's ok....if the halves deal ends up being dry I'm just going to order $5 boxes of nickels from each place......I LLLUUUUUVVVVVV looking thru nickels. They won't make me rich, but I enjoy it as a hobby - it all turns to work sometimes when you feel you have to find some good stuff. If you approach it in the hobby fashion the only headache becomes the dirty looks you get when you dump large amounts of coin at the same bank all the time. excuse the ramble. |
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Pillar of the Community
United States
2589 Posts |
String and Son's isn't a cash handleing service, its a coin paper manufacturing company. Many different cash handling services use string and sons papers for wrapping there coins.
-XoG
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Pillar of the Community
United States
952 Posts |
Really? Man, I am so far out of the loop anymore. Well, the second bank def isn't Brinks as the boxes and wrappers are String. I'll have to do soem nosing around. I also considered just ordering from one place and dumping @ the other just to try and make sure I wasn't getting the same stuff I had already searched.
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Valued Member
United States
136 Posts |
I usually get rolls of Lincolns and nickels. The wheaties do seem to be drying up though. However I always ask the tellers if they have any halves or dollar coins in their till. They are really eager to get rid of them and usually every teller down the line will start pulling them out for me. I received 21 Kennedys today and two of them were 1967s. Of course a pizza now and then for the tellers helps!
Ask. You never can tell what they have in their loose change.
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Pillar of the Community
United States
1882 Posts |
Quote:I'm curious ..... what is the reason why coins don't show up in Texas? Quote:
being in Tx I don't expect to find any AM varieties in the cents Seems to me that coins freely circulate (after a while) around the entire country. There is a much higher percentage of Denver mint coins here in Texas than Philly mint, even after circulating for several years. Thus, less chances to find Wide AM. Those east of the Mississippi have obvserved finding higher percentage of Philly minted coins in rolls. |
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Valued Member
United States
133 Posts |
I like to search Halves, Pennies, Nickels. I like to search halves the best as I am more of a silver guy then coin collector. Then Pennies because you will never get let down. Always find at least 5 Wheeties. Usually much more per box Then Nickels because you get alot of them for pretty cheap. Nickels are not as circulated as other coins so you can find nice older coins. Also silver War Nickels which is a plus for me. |
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Replies: 22 / Views: 2,558 |
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Posted 01/22/2010 9:55 pm
