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Replies: 17 / Views: 3,254 |
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New Member
United States
8 Posts |
Hey everyone, New member here just getting into coin roll hunting, and wondering what you guys do to succeed? I am not able to hunt thousands a week by any means between work and college, but am able to get a box here and there. I've only gone through one box of dimes so far, which yielded nothing. The silver coins I've gotten so far are from change I've received or counting registers (I work retail). I do have an account at two banks so I would be able to have a pick up bank and a "dump" bank. Just want to get a few pointers before I start hunting! Thanks!  Shane
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Pillar of the Community
Canada
726 Posts |
I have two banks as well,,,need to keep my rule to alternate banks,,,I hav gone to same one say 3 times in arow-And it has always been a mistake to do so....I got my same bundle of 5's back again...I now say ---get from one go through them (Take yu time--look throughly),exchange at the other bank......  ....yu in USA, good ...go to Fed reserve bank- I hope yu got one in your city....better than regular banks  stay with us and we love pictures- with your question- then we can send advise....... 
Edited by persistnt 03/09/2014 11:47 pm
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Valued Member
United States
337 Posts |
Well first off you have to define "succeed" based on your goals. Coin roll hunting is really hit or miss with missing more likely then hitting. It's kind like scratch off tickets in my mind being that if you buy 1 ticket you May or may not win. If you buy 10 tickets your chances of winning get better but it might be a $2.00 winner. The only difference between scratch off tickets is you won't lose money coin roll hunting with the exception of gas and if you get shorted a few coins here and there.
Second you have to figure out what you want to search. If your mainly looking for silver, pennies would be no use to you as there is no silver in them, so nickels, dimes, quarters, and halves are what you would have to search through. Silver though is really hit or miss with 1 silver coin being the average find for around 2 boxes searched. Some searchers have better results then that and some have a higher silver per box searched ratio.
Third if your looking for all types of coins pennies have the best results for finds due to a of varieties and errors to search for, but unless you find a key date or major error your profits will probably at best be close to even. Pennies are my favorite because, depending on what you collect, almost always going to have keepers in them unless you get a brand new box.
So to succeed with finding coins through coin roll hunting you need to search as much as possible and have general knowledge to know what coins to keep regardless or your own collecting goals. When I search I pennies I keep all my wheats/errors and save all copper cents until I can sell them to someone willing to pay more then face for them.
Hope this helps answer your question a little bit, and I'm sure others will be giving you there takes and opinions on CRH.
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Pillar of the Community
United States
4333 Posts |
Some may argue, but I never return my "dumps" from the same bank I purchased the coin from. Ever.
Success is all about volume-volume-volume.
Be kind to the tellers and managers, it will make your hobby easier.
Read, read, read these forum archives!
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
51 Posts |
I'm fairly new myself and search pennies exclusively. Drop $25 at the bank and you have a good bulk of coins to search through. If this is the route you plan to go down, I have compiled a list of things to keep in mind when searching pennies. Hope it helps.
Flying Eagle 1856-1858
Indian Head 1859-1909
Wheat Pennies 1909-1958
1944 D D mint mark stamped on top of "S"
1955 D up-right "D" stamped top a horizontal "D"
1955 Double-die, date doubled
1960 Small Date
1969 S Double-die, strong doubling on In God We Trust, Liberty and the Date
1970 S Small Date
1970 S Double-die, strong doubling in words TRUST & LIBERTY
1972 Double-Die (date doubled)
1980 D S/D mintmark, shadow of a S mintmark above the D mintmark
Pre-1982 pennies for copper content (some 1982's/flip test)
1982 P Large/Small Dates Copper and Zinc, 1982 D Large Date Copper, 1982 D Large/Small Dates Zinc
1983 Double-die, reverse doubled (back) In God We Trust doubled
1984 Double-die, Lincoln's Ear is doubled, look at ear lobe
Close AM's: 1992 P & D, 1998 S, and 1999 S
Wide AM's: 1999 P, 1998 P, and 2000 P
2009's due to low mintage (Look for doubled/extra thumbs and fingers)
Pretty much anything minted in San Francisco "S"
Anything with an abnormality
[/list]
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New Member
 United States
8 Posts |
Thanks for all the advise. I'm thinking of sticking to pennies, dimes, and halves if I can get any. I just like the pennies because they are $25 for a box and have lots of opportunities to find something worth keeping. I've read on here quarters are a pretty low success rate for silver so I'll probably skip them. I do enjoy finding errors so hopefully I can score on them too. One question I do have, is it worth rerolling the coins before bringing them to the bank? One of my banks has a self serve coin machine and I believe the other branch has one as well...
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Valued Member
United States
51 Posts |
I wouldn't roll them if you don't have to. I've noticed some banks have coin sorters free of charge for members. Take advantage of those if they're available.
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Pillar of the Community
United States
3486 Posts |
By all means use the machine. While you cannot 'tip' tellers some coupons for coffee for the staff is a good idea. You'll soon have all the tellers on the lookout for you. For halves the 40% silver is often overlooked by people. Long gone are the days when banks would give you some wrappers. Now you have to buy them at an office supplies' store. Canadian coins had some silver until 1968. Many roll hunters have mentioned that quarters are disappointing. People have the year 1964 in their heads. Those they save and the years before. But not the later dates. Good hunting!
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New Member
United States
14 Posts |
I think the main thing is to enjoy it. I stick to cent boxes, because I enjoy looking for the wheats and numerous varieties. I'm also very busy, so doing a box a month will be the norm for me. Meanwhile, others are doing a box a day. Everyone has different expectations and definitions of success, so just do what you enjoy and have fun with it.
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Valued Member
United States
337 Posts |
You should add nickels to your list as well because there's a good bit of things to look for in them as well. V nickels, buffalo, war time, 2009, errors, and varieties.
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New Member
 United States
8 Posts |
From the two banks I bank through the first one which has self-serve coin machines and has two branches in town plus one just out of town, I could use those for dumping. The other has 4 branches in town and no self-serve coin machines, so I'll do my ordering through them. Got a box of dimes and a box of cents I'll be picking up today, but won't be able to run through them until tomorrow. Thanks again! Will post what I find, hopefully not a ton of Canadian, unless it has some silver (living in MN there is Canadian money everywhere)...
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Pillar of the Community
United States
6130 Posts |
What are your goals? Roll hunting is for the thrill of building a collection from circulation. Sure, some people get incredibly lucky and find a few coins that will turn a real profit. Your odds of finding a "solid Franklin" box of half dollars are about as good as winning the jackpot in the lottery. Back when I was hunting boxes regularly, I generally stuck to nickels. An average box would take me about 2 hours from breaking the seal to putting the last coin into a roll. An average box yielded 1 War Nickel (worth about $2 at the time), a dateless Buffalo nickel (worth about 25 cents), and about a dozen 1938-1959 nickels, worth 6-12 cents each. As a liberal estimate, a typical box would net me $3 for two hours' work. From an economic standpoint, I'd have been better off spending two hours in a Chinese sweatshop. It was well worth it to me because I managed to amass an impressively large and nearly complete collection of Jefferson nickels as well as a smattering of obsolete designs and fun world coins. It was a fun way to spend my free time back when I had time to waste. If you are looking to make an easy profit, stick to cherrypicking through your till--you're getting paid to do that. If you are looking to start a fun hobby, I'd recommend: Nickels: Try for a basic year set (1938-Present) and then go for the complete P/D/S set. A basic year set should take you about 10 boxes, but the key dates could take 100 boxes to find. You'll also find some good buffalos, some War Nickels, and fun foreign coins as well. As previously noted, 2009s are a bear to find in the wild. Pennies: Try to complete the entire 1959-2008 set. S coins from 1968-1974 will be tough, but you can complete the entire set (except for die varieties) in 2-3 boxes. Also, keep an eye out for wheat pennies and Indian Head cents. Quarters: Try to find all of the state, territory, and ATB designs. 2009-2012 are quite scarce. Halves: Try to complete the set 1971-2001 P&D. Except for 1987, this should be feasible within 2 boxes. Also, look for silver coins (1964, 1965-70) and collector-only coins (1970-D, 1987, 2001-Present). Dimes: Look for silver and build a 1965-2014 set if that interests you. I personally find dimes exceedingly boring due to no key dates, almost no silver, and no design variety.
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Valued Member
United States
51 Posts |
Quote: Try to complete the entire 1959-2008 set. S coins from 1968-1974 will be tough Can someone please elaborate on this? I don't have a "checklist" that I'm working from for my collection, so I'm not really sure what I should be looking for in regards to the "S" mint mark. I figured finding anything minted in San Francisco would be dang near impossible, but I happened to pull a 1996 S from a box a couple weeks ago. Is it realistic to think that I will find anything from 1959 - present "S" mint in circulation? Was my find pure luck?
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Pillar of the Community
United States
656 Posts |
Quote: Success is all about volume-volume-volume. +1. The more you search, the better the odds.
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Pillar of the Community
United States
1476 Posts |
I search pennies and I recycle my coin wrappers. Open one end and empty the roll and then use those rolls to re wrap the ones I'm not keeping. I don't have to worry about buying wrappers that way.
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Pillar of the Community
1325 Posts |
Quote:Quote: Pennies: Try to complete the entire 1959-2008 set. S coins from 1968-1974 will be tough Can someone please elaborate on this? I cannot as I find more 1968-1974 S cents than I do Canadian. average about 4~6 per box and am going for a roll of each. I have more trouble finding D from 2000-2008. What is hard to find will really depend on your area. For example I have done 6 boxes of halves, and not a single silver or foreign coins in them while others find 1 per box on average. Oddly I have found what I think is 5 proofs so on average am finding a proof per box of halves. That is what circulating coin hunting is all about. You never know what you are going to get or how it got to you and why some coins are in some areas in high amounts while in others they seem scarce like 2009 cents, nickels, dimes. The thing you have to ask is why are YOU hunting? for collecting or making money? once this is answered then you will have a better idea what to look for. I don't have the eyes to even find WAM and the like so I just don't bother. If not for someone on here I wouldn't have even known I had found a near date SBA dollar.
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Replies: 17 / Views: 3,254 |