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Coin Roll Hunting Vs Purchasing

 
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Author Previous TopicReplies: 11 / Views: 920Next Topic  
New Member
United States
1 Posts
 Posted 10/11/2020  03:41 am Show Profile   Bookmark this topic Add malo2292 to your friends list Get a Link to this Message
Hey all,
Im new to coin collecting but not new to collecting, I've collected sport cards and casino related products.

Question #1. What is YOUR preference on how you collect? There are pros and cons to everything but what works best for you?

Thoughts. Roll Hunting seems to be the most exciting and closest to baseball cards when you buy a pack and hope to find a good one.

Also, just like cards you can pay a price for a certain card. And wouldn't you know it, you can also buy "lot" coins like cards. Obviously anyone that is selling "lots" I would expect them to have already been heavily combed through.

What is your technique and why?
Pillar of the Community
Canada
4114 Posts
 Posted 10/11/2020  05:28 am  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
to the CCF!

Roll hunting (bought for face value from banks) is good for modern circulating coins as long as you are not looking for high grade MS. Look at the roll hunting forums here to see what others have found with a lot of patience. Except for silver, you can eventually find almost all coins minted after about 1945, and if do search vast quantities you will eventually find all the silver too.

You are quite right that any "lots" sold (on ebay, for example) are almost certainly combed through. There are unlikely many "unsearched" rolls around, and as one dealer once said, he could only guarantee that he did not search them.
Bedrock of the Community
Australia
18417 Posts
 Posted 10/11/2020  07:26 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I don't do roll hunting, but
I do try to get an example at least of every denomination and design of every coin type issued into circulation from pocket change.
All obtained at face value.
When I have the patience and time, I will check for errors and varieties.

From my experience retail banks in Australia generally don't like coin roll hunters, and generally won't help them.
Hence my collecting strategy for circulating coins - it works out to be the same fun as collecting baseball cards; I have been doing this for more than 60 years, started as a kid.
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United States
99030 Posts
Pillar of the Community
United States
1427 Posts
 Posted 02/03/2021  2:43 pm  Show Profile   Bookmark this reply Add Big-Kingdom to your friends list Get a Link to this Reply
I buy mint sets, proofs, yada yada. that sort of stuff, and I do buy coins I want in higher grades or just because I like them ect.
But I have my sets from circulation finds and roll hunting since I was a kid. (35+year work in progress). the only circulation sets I've completed are:
lincoln memorial cents
Lincoln shield cents
Roosevelt dimes, 1965 to date
Washington quarters 1965 to 1998 with separate binders for the State Quarters and ATB Quarters.

I've got albums for everything from Morgan dollars and wheat cents and Buffalo nickels and Mercury dimes, Peace dollars, but those finds are few and far between with the silver stuff. I'd say if I had to pick a point I'd say I collect 1900-present. I have the oddballs like V nickels that turn up, or Indian Head cents, but they are so few I haven't felt the need to start an album LOL.

While they are completed as far as having examples, I'm always trying to improve on the condition of the examples I have, so even though it's complete, I'm never going to finish on it.

What I KNOW, my vast collection of circulation finds from 1909 to present, both P+D and circulating S mint when applicable, no matter what, is at least worth the face value and I didn't overpay for any of it. If it's worth more in the long run.... Bonus!

It's where I started, and I'm going to be working on it my entire life with the exception of the years 0-8 before I found this hobby. Don't get me wrong though, I buy coins for a parallel "accumulation" beyond this circulation finds set, but it's a hodge podge of what I like and not necessarily following a rhyme or reason.
Edited by Big-Kingdom
02/03/2021 2:46 pm
Pillar of the Community
United States
4157 Posts
 Posted 02/05/2021  9:10 pm  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply
Through roll hunting, I've assembled a 1946-64 Roosevelt silver set minus one dime that I bought, 2 more sets 95% complete. I've
I've assembled a Franklin and Walking Liberty half set about 60-70% the rest I bought.
I've assembled the Kennedy 1964 - 1970 silver set also.
Impaired proof Kennedys came in now and then, and dozens upon dozens NIFC.

The more coins searched, the more numerous the finds. I quit CRH back in 2015 or so, I was searching around $5,000 per month.
The coins I purchased were because I became impatient with roll hunting.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
Valued Member
United States
271 Posts
 Posted 02/05/2021  9:29 pm  Show Profile   Check Diy89Nurm7's eBay Listings Bookmark this reply Add Diy89Nurm7 to your friends list Get a Link to this Reply
That's quite an accomplishment, fistfulladirt. I am very rural and I would likely be banned from the few banks around if I kept asking for rolls! I can buy an occasional box, but no smiles from the teller!

Stay well,
Diy89Nurm7
Stay well,
Diy89Nurm7
Pillar of the Community
United States
4157 Posts
 Posted 02/06/2021  2:56 pm  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply

Quote:
That's quite an accomplishment, fistfulladirt. I am very rural and I would likely be banned from the few banks around if I kept asking for rolls! I can buy an occasional box, but no smiles from the teller!
I never experienced problems such as being cut off. I was even ordering boxes from banks I had no account with. Place an order with the vault teller, you don't want to deplete their current coin stock.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
New Member
United States
2 Posts
 Posted 02/22/2021  02:30 am  Show Profile   Bookmark this reply Add reset2k to your friends list Get a Link to this Reply
Love coin roll hunting - it's the thrill of the hunt and the fact that you're not wasting any money doing it. If you enjoy the hobby, it's worth it, but if you're looking for the most money for your time, a part-time job pays more, lol.
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United States
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United States
2235 Posts
 Posted 02/25/2021  02:58 am  Show Profile   Bookmark this reply Add John77 to your friends list Get a Link to this Reply

Quote:

Through roll hunting, I've assembled a 1946-64 Roosevelt silver set minus one dime that I bought


So, out of curiousity, which Roosie did you have to buy? I'm guessing maybe one of the 1955 coins? I'm working on that set from my CRH and Coinstar finds and am 7 coins short now, only missing the 50-D, 50-S, 60, 62, and all three coins from 1955. When I acquired my Grandpa's hoard of 1,000 or so silver dimes a couple of decades ago, there was only one 1955 (an S mint) amongst them, so these have likely always been hard to find thanks to hoarding and the low mintages.
CRH Nickeloholic. 1,300,000 nickels searched in five years! Already have found THREE complete Jefferson sets!
Valued Member
United States
137 Posts
 Posted 04/11/2021  11:15 pm  Show Profile   Bookmark this reply Add Reedbeard08 to your friends list Get a Link to this Reply
Maybe you're in a bit biased forum, or just seeing this biased post: I'm happy to just sit by and idle through coins; finding anything in circulating money is a joy. Any specifics are usually purchased...or stared at....
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