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Replies: 5 / Views: 2,571 |
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Valued Member
United States
242 Posts |
I wanna get started in coin roll hunting and wondered if there is a How-To somewhere?
I have the book "Strike it Rich with Pocket Change" and have started reading that but I am more of a hands on person then a read it all once and know what I am doing kind of person so I was going to pick up a bunch of rolls and go section by section until I gotta feel.
I guess if there isn't a How-To I'd love to be involved in working on one from the Idiot Proof It For Me style of reading.
I know for example pre 1982 pennies are worth more in copper then their face value. I went through some old rolls and found some 10 to 15 of them.
I know there are things like silver quarters from years ago that are supposed to be spottable because of their luster.
Thats all I really know.
How do I know what to look for in pennies, nickles, dimes and quarters?
What other coinage can I ask for at the bank and what should I look for in them?
How do you dispose of the ones that arent worth more then face value so you dont look weird taking rolls of pennies back to the bank and then getting more a week later?
For at least the what to look for do you recommend the strike it rich book? Should I just dig into that first and go from there?
Thanks!
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Pillar of the Community
United States
2224 Posts |
Lots of questions; many different answers to the same questions!
The "Strike It Rich" book is a great place to start as far as what to look for. Definitely a recommended book, but what you look for is ultimately up to you. Many (including myself) save pre 1982 copper. If you are going to do that I would recommend getting a small scale that will measure 1/100 ounces, so you don't lose those 1982's that are copper. If you are just simply trying to make money quick, you might just want to look for the rarer varieties so you can cover more coins. You would probably be able to search a roll in a couple minutes, but you would miss a lot of the lesser known but not so valuable varieties. There are other collectors that take 10-15 minutes per roll, checking every coin. These are the collectors that you hear of discovering new unknown varieties. Many search dime, quarter, and half dollar rolls primarily for silver. As far as coin roll hunting itself, many people do it many different ways. One of the most important things you should do is try to have a good relationship with the tellers, both at banks you buy from and banks that you sell back to. Occasional gifts of cookies and donuts don't hurt! Some tellers you might even be able to get to put odd coins and bills aside for you. Possibly even give you a phone call when they get in interesting things. It's not a good idea to return coin to the same bank you bought from. This can irritate the tellers, plus increase the chance that you will get coin you have already searched when you go back there to buy again. What I do is use two different banks to sell to (preferably a bank with a lobby coin counting machine if possible) and I never buy from them. I'm sure many others will add more points. Above all, HAVE FUN!
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Valued Member
 United States
242 Posts |
Lots of awesome advice thank you. I'll dig into the book I'm glad its recognized here. Some times something with 'get rich' in the title is a total hoax and the only person who does is the writer lol. I myself have fun collecting for the sake of collecting sometimes. I 'enjoy' searching for things if I think there is something cool about it. I've collected comic books, novelty erasers, those old 80s toys muscle men, etc but those were always buy what you want on ebay, this is cool because you basically get a huge pile of dirt and pan for gold! (copper and silver really mostly but.. :D)
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Valued Member
United States
141 Posts |
for quarters, look for anything 1964 and prior, they are 90% silver
for dimes, look for anything 1964 and prior, they are 90% silver
for nickels, look for 1942-1945, those are the wartime nickels and are 35% silver
for half dollars, if you can find walking libertys (1916-1947) they are 90% silver, or look for the 1948-1963 franklin silver half dollar 90% silver, lastly the 1964 kennedy silver half dollar 90%
this is just a quick reference if you are looking for silver content in your coin roll hunting. there are other things to look for such as grade and key dates in your coins. -It is also very easy to tell apart a silver coin from the coppers, the rim or edges will be just silver, and wont have the copper center (check the side of the coin, it should be silver all the way through, copper has brown sandwiched inbetween the nickel) -also an immediate thing for silver is usually the coin looks old or different then all the others, the silver coins should stand out from the rest.
GOOD LUCK
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Moderator
 United States
14463 Posts |
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Valued Member
 United States
242 Posts |
I'm also looking for odd man out coins that seem funny. Like I found a dime that looks like the middle of the P of the minmark is raised insteads of indented. I have to try and find my gem joule to see if I can get a closer look but its buggin me like somethin's wrong with the way it was minted. Might be a double die or something but I cant get a close enough shot with my camera to show it to anyone :(.
Ive sunk enough money into new toys for this hobby I kinda gotta watch myself on the spending but if nothing else I can afford to set 10cents a side until I can rationalize buying a usb microscope :D.
Just to be funny with myself I'm using the coin rolls I get from the bank as a savings plan. I set them aside for now until I need the money and then deposit them out of town. Maybe I'll pick a few rolls to magically turn into a microscope :D
--Edit--
Found the gem joule. Convinced its double die but I wont know for sure till one of you professionals checks it hehe. Trying to get my dad to photo graph it for me. He has some high tech photo gear (thousands of dollars of the stuff hehe). I challenged him to get a good photo and he laughed and said sure. So we'll see what he can get.
Interesting thing is it isn't listed as a double die in the strike it rich. I can only confirm the mint mark but there is no double die listed for that year on dime. To my eyes it looks like there is an extra ridge to the upper left part of the P and the center of the P is up and out, not in.
Hence why I need the photo for you guys, wondering if my mind is playing tricks on me hehe.
Edited by Schwanke 09/07/2012 11:06 pm
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Replies: 5 / Views: 2,571 |
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