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 Replies: 17 / Views: 2,910 |
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New Member
United States
11 Posts |
I have been coin roll hunting for two weeks now and wanted to know how unusual my experiences have been: 1st time out I go to my credit union and pick up $70 in pennies, $50 in nickels and $50 in dimes. All customer wrapped. I was just looking to keep copper, silver and any old coins I found. My finds: 1900 Indian Head, Lincoln cents from 1919, 1925 and few from the 30's, 1937 Buffalo nickel, 1 War Nickel, 2 silver dimes. Next time out: $30 in pennies, $50 in nickels and $50 in dimes, $100 in quarters. I asked for more in pennies but $30 was all they said they had. Again, all customer wrapped. Every quarter roll was short, some $0.75 short. Finds: 1 silver dime, 3 War Nickels, pennies: 1912, 1920, 1927. Third time to the credit union all they gave me was $50 in dimes, said they were out nickels and pennies. I found two silver dimes. However, they took an order from me for $50 in pennies, $50 in dimes, $50 in nickels and $500 in half dollars. This is my first order and don't know what will be waiting for me when they call upon its arrival. I then tried a second (national) bank for which I have an account. I ask for $50 in pennies, $50 in nickels and $50 in dimes. I am thrilled to receive two sealed boxes of pennies. However, BOTH boxes of pennies were filled with brand new 2012 pennies. Also, most of the dimes were new 2012 dimes. I did find a silver dime amongst some of the customer wrapped dimes and 3 War Nickels. Because of all the newly wrapped coins, I am feeling a bit skittish about my new order. I hate to be disappointed again with mostly new coinage. How often do you all come across new coins and is there a way to avoid it? By the way, I mentioned to the teller at the credit union that all the quarter rolls were short and she told me they had no way of counting the coins-they just trust the wrappers are filled correctly by the customers. |
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Valued Member
United States
60 Posts |
It seems like you did very well on dimes, at least better than I have ever done. Also your War Nickel finds seem a bit more frequent than normal. Getting new coinage is especially bad for pennies over other denominations. Your order won't be all new coins though, you can't get stuck with a box of new halves. Getting lots of new coins every once and a while becomes part of the game. That is the advantage of customer wrapped you get few new ones. Happy Hunting! |
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New Member
 United States
11 Posts |
I'm not sure if others are like me, I search nickels and dimes mostly for silver and pennies for the thrill of rescuing an old coin from circulation. I find the penny searches to be more rewarding.
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Valued Member
United States
381 Posts |
 I agree with cmgiscool. You did very well on the nickels. It's part of the risk searching customer wrapped rolls (CWR). My policy is to not say anything to the tellers. If they get too many customers complaining about short rolls, they may change their policy and not give out CWR. If I get too many rolls that are short, I just stop asking for them and order bank wrapped rolls (BWR). Unless the CWR are producing a good amount of Silver or other quality coins. Good luck with your new found hobby. |
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New Member
United States
3 Posts |
What you can do is buy an accurate postal scale, set it in gram mode, and find out what a roll of quarters is supposed to weigh. Then take that scale with you to the bank and weigh each roll before purchasing it to make sure it is the correct weight (or more).
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Moderator
 United States
56855 Posts |
thejourney, You did very well all the way around.As far as getting new coins it's all chance.CWR's will probably not have new coins in them.I just got a box of 2012P cents (chance) and have found around 100+ trail die varieties and a few dimple varieties as well as a few high grade ones so don't dismiss new coins. John1  |
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Valued Member
United States
107 Posts |
I wish I knew someone who would buy new pennies to sort through from me. I use my Ryedale to take out all the copper, and I do look through those to see what made it's way in there. There is just too many varieties in the new stuff to learn!
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New Member
United States
11 Posts |
John1, I am personally not very interested in trail die varieties for collectibility (not yet anyway). Are they valuable as an investment/can I sell them easily (what type of people are buying them when they don't seem so rare)? I ask, because I find it very tedious as a newbie to stare intently at each and every coin while looking for small imperfections. That being said, perhaps over time I will become more comfortable identifying flaws and it will be a faster and more enjoyable process.
I don't have a scale or use any eye aides. I do plan to do a little research to find what may be best for what I am doing.
Kritler, as for the Ryedale, how many copper pennies do you need to collect and store to make up for its price? And how do you store massive amounts of copper pennies? Is it your hope that one day the copper will one day be as valuable as the silver I am collecting in circulation today?
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Pillar of the Community
United States
3345 Posts |
Hey Journey- heres some advice from an experienced roll searcher. Not like the above posters arent. but anyway. 1. You found an Indian Head cent already! Awesome! Dont let it go to your head. They are very tough to find. I have never found one and I've been through at least 30 boxes. 2. Your silver dime average is 4/$200. That is very good. Any of us would be thrilled to have that average. Again, don;t let that get to your head. It will not continue. "It ain't all roses for [coin roll hunting]" "It ain't" "No it ain't." As in the words of Jim Tom. I just went $500 w/o any silver 3. Nickels are my area of expertise. One buffalo and 7 War Nickels in $150 are a great start! Prolly won't continue that way. We can hope though  4. Make good relationships at your banks. Than you can get to the point to ask them to reserve "old" coin (not new is what I mean) for you. Or you can do what John1 said, and search for varietes. https://goccf.com/t/134660Follow this link. It leads to another link that leads to everything you need to know about CRH. rachums107 |
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New Member
United States
11 Posts |
My luck may be starting to run out, tonight I picked up a boxes of pennies and nickels and $50 in dimes. $35 of the dime rolls were new 2012 dimes and there was no silver in the remaining 3 rolls. No silver nickels, although one 1942. Lastly, no pennies earlier than 1939. I still had a great time going through the coins, like a kid on his birthday.
Tonight's pick was from my local national branch. It is near a University, which is on winter break. The bank employees told me most of their customers are students, so I don't expect to be picking up customer rolled coins at this branch. So far it seems my best finds are the customer rolled coins from my credit union but I seem to be running them dry of inventory, which is why I think they took an order from me. They said they will fill one box each of pennies, nickels and half dollars and $50 of dimes. I am excited about my first try at half dollar rolls.
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Moderator
United States
56855 Posts |
thejourney, Quote:
they valuable as an investment/can I sell them easily Not really. And they are kinda hard to sell but fun to find and only cost face value. John1 |
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Pillar of the Community
United States
8516 Posts |
Jim Tom...ha, I love that guy !
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Valued Member
United States
107 Posts |
The Ryedale sorts pretty quick, you can go through a roll of pennies in a few seconds. It actually takes far longer to open the roll, and get the pennies out, than it does for the Ryedale to sort it. The value of a copper penny is about 2.2-2.5 cents, so usually you can get 2 cents for them. The reason I went with it, as I am more intrigued by older coins. So this is a good tool to sort out everything copper, which is going to be your older coinage. That is what I will sort through. You are pretty much making a penny for each copper that it sorts out, so it takes a while. I have a garage that the wife never goes into, this is where I stash anything I have. It is illegal to melt copper at the moment, that doesn't stop some scrap yards from buying though. If you keep your machine serviced it will last long enough to earn you much more in copper. I honestly didn't pay much for my Ryedale. I traded out some silver that I had culled from sorting.
Edited by Kritler
01/15/2013 10:24 am
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Valued Member
United States
80 Posts |
rye whiskey rye whiskey dont let me down! jim tom song of the year.
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Pillar of the Community
United States
4333 Posts |
Kritler, where does one get 2 cents for a copper cent? Besides illegally selling to a scrapyard?
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Valued Member
United States
107 Posts |
Ebay, Craigslist and sites like this. Not too hard. Is it illegal to sell a penny to a scrapyard? I have never heard that. Not sure which law this would be breaking.
Edited by Kritler
01/15/2013 3:21 pm
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Replies: 17 / Views: 2,910 |
Posted 01/13/2013 10:34 pm
