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Replies: 10 / Views: 3,151 |
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Pillar of the Community
United States
648 Posts |
Does anyone have any coin roll hunting tips for a newbie? I have been interested in coin roll hunting for a while, but I'm always too afraid I'm going to buy a roll and get nothing out of it. Also, where are the best places to buy coin rolls? Thanks in advance for any response  -Zack 
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Pillar of the Community
Canada
1161 Posts |
Welcome to the hobby of CRH.
The number one thing you need to know when CRH (Coin Roll Hunting) is:
Patience. Every roll will not have a hidden treasure. You will have more disappointing rolls them you will have gems.
Never give up. It is very easy to get discouraged with this hobby. With that being said...don't give up. The treasures are out there. you just need to find them. I have been Roll hunting since Oct 2009. I have gone through many dry spells. By dry spells...I don't mean 5 - 20 rolls. I'm talking about 5-10 boxes at a time without finding anything.
Hunt within your means. One mistake I have known others to make is to hunt within your means. By this I mean...If you do not have a lot of disposable income to work with...hunt what you can afford at the time. Hunting rolls of Cents (pennies) is a good place to start. At fifty cents a roll...Twenty-five dollars a box...for most it is not a strain on their wallets. I hunt Cents and Nickels as I can usually manage to have $100 dollars tied up in what I'm searching.
Do not expect to get rich! I can not stress this enough. You need to look at CRH as a hobby. As soon as you try to make it a source of income...it becomes a whole other monster. Yes...there are some on here that make a great turnaround with hunting silver but, they are few and far between. I think most would agree with me on this point.
Do not be afraid to ask tellers for rolls of coins but be polite and respectful. You are a customer who would like to purchase coins but they are not required to give them to you. Most banks have to pay a fee to have coinage shipped to them to have on hand for customers. They usually do not pass this fee on to their clients unless they order coins on a large scale then the average client. If you are looking to order boxes of coins...ask your teller who you can speak with to do so.
Try not to dump your returns where you pick up your coins to search. There is nothing like searching coins that you have searched at one time or another. I mark the ends of the rolls I have searched with a marker. That way...if I get marked rolls in the future I know that chance are that I have searched them before. Try to use a marker color that is not as common. A good choice is to use a Bingo Dauber. They come in a wide variety of colors and easily mark the rolls.
Well...that will get you started. Good luck and have fun.
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Pillar of the Community
 United States
648 Posts |
Wow. Very helpful response. Thank you tons for the tips. Will be sure to use them.
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Pillar of the Community
Canada
1161 Posts |
Your welcome. I had to rush through it as I needed to head out and run some errands.
What coins were you wanting to start searching? What scale were you planning on searching them (initial investment amount $$). Best thing about Coin roll hunting is that it is one of the very few hobbies that pays for itself. Keep rolling over your returns and just replenish what you keep. Finding a coin that you need for your at face value can not be beat.
I'm sure others will chime in with any questions you may have. We have a fantastic support and knowledge base community here. Do not be afraid to ask any questions you may have.
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Pillar of the Community
United States
979 Posts |
Good summary cladhunter13!
I just want to stress the fact that there is NO reason to worry about getting "skunk" rolls of coins (rolls with nothing to keep) The fact is, you are not BUYING coins, you are exchanging currency. It's like getting four 5s for a 20, you lose nothing. Worst case scenario, you exchange your coins back for cash or spend them!
Talk to the tellers a lot and be really friendly! They have the best tips, and they can let you know if that branch is already being sucked dry of coins from other collectors.
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Pillar of the Community
 United States
648 Posts |
I wanna search mainly nickels and pennies. I actually just bought a roll of unsearched nickels on ebay. Also about the money... I'll probably just purchase rolls when I have some extra money. (So I won't be buying very often)  And very true, Broseph. I didn't even think of that.
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Pillar of the Community
Canada
1161 Posts |
One thing about CRH. I hate to say it but Quantity will produce quality. You have to search a lot of rolls to eventually find what you seek. Case in point: Last Friday I just picked up 15 boxes of Canadian Cents (I live in a border town on the Canada side.)I have been CRH going on 4 years now and I finally found one variety that I have been searching for from the start. A 1955 NSF Canadian cent variety. It is a fairly high dollar coin. I can't believe my luck. Just don't give up. The coins are out there...you just need to wait until your luck hits and they are in your rolls. If your searching US cents. Bookmark this page: http://www.coppercoins.com/advsearch.phpIt is one of the most comprehensive collection of cent varieties available online. The owner of the site is a valued member here that has as of recently gone into retirement (We will miss you CC) but is leaving his site up for the world to use. There are other sites that will be of interest to you. Others will chime in with websites that will be of interest to you with US coinage when you require it.
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Pillar of the Community
United States
3453 Posts |
Also, you will be turning most of your haul. So look at it this way - you may spend $10 and may return $9.92. So it will cost you $.08 to get your next $10 worth. You can start increasing in amounts as you refine your technique and you are really only out the change that you do not turn back in.
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Pillar of the Community
 United States
648 Posts |
Wow, this thread has been extremely helpful  Thank you all for the tips and thank you Clad for the link and unbelievable help. 
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Valued Member
United States
455 Posts |
Quote:I actually just bought a roll of unsearched nickels on ebay. Be very careful about these claims. I don't want to accuse anyone but the fact is, it is very unlikely that any coins you buy in that situation are actually unsearched. I wish they were...I would definitely be a good customer. Dave
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Pillar of the Community
Canada
1161 Posts |
There are several threads on the forums regarding the "Unsearched Rolls" listed on auction sites. Have a look at them. They are a good read and may help you to determine if you want to buy others in the future.
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Replies: 10 / Views: 3,151 |
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