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 Replies: 27 / Views: 4,936 |
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Pillar of the Community
Canada
2517 Posts |
So I spent $19 on this. Didn't want to really spend too much on a first time.  I actually bought the quarter roll because I was short of change. The dime roll broke when I brought it back from the bank, and looking at what fell out there I had a bad feeling that they'e been searched before. So here's what I actually found (not the loonie, that just looks funny so I decided to include it):  None of them dated older than 1972 (which is the nickel). Not very good but not disappointing as well. The quarter roll was pretty good. Apparently the bank doesn't have any more pennies since they're not used anymore. And I asked them about 50-cent pieces, they said they'll go check but they have none either. I'm going to try again today. I'll go to another bank and ask for dimes and nickels. Pennies and 50-cents if they have it. |
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Pillar of the Community
United States
4809 Posts |
Yes, keep trying. Some weeks are better than others...and some are a bust. But hopefully your luck getting rolls improves and that they have a few gems mixed in! Happy hunting!!
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Pillar of the Community
 Canada
2517 Posts |
Spent a further $20 in another branch of the bank. I have a very very bad feeling right the first time I saw there rolls. None of them even have wear marks.  I don't even know how to open them. I just took a pair of scissors and cut them through. And after opening 2 rolls of nickels which all contain 2011 coins, and 1 roll of dines which contain all 2013 coins. I decide to stop because I feel that it's no good searching through the other rolls anymore. I'll just return them as is because it's pretty pointless to search them next time I go to there. I'm just going to set change from the first time I visited branch. They don't have 50-cent and pennies ether. I might try something extreme, like standing with a sign saying "I'll buy your penny rolls and 50-cent pieces" next to the change machine. |
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Pillar of the Community
United States
4809 Posts |
You will see here that on occasion, we CRHers will get a box or several rolls of newly minted coins. The common thinking is to look through a roll or two to find high grade specimens and if there are varieties or errors, look for those as well.
FYI - this current search for me is going rather slowly. But you never know what the next roll has inside. Make sure you are familiar with the error/variety coins - makes the search slower, but more productive.
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Pillar of the Community
United States
1157 Posts |
tis the season for brand new coin. its popping up here too
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Pillar of the Community
798 Posts |
I don't know why that's happening so much but all you need to do is check them, at the bank as there giving them to you and ask for other rolls containing (circulated coins) rather then brand-new coins fresh from the mint. If you do wanna look for error varieties and that sort of thing I don't think you would have a very good chance because of how advanced the mint is nowadays with making sure errors don't come out the building. Good luck  |
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Valued Member
Canada
55 Posts |
As soon as you see the thick plastic rolls, it's straight from the mint. Whatever year the ender coin is is the year the roll is full of. When I get rolls like that, I like to keep one of each year and return the rest. I frequently pickup from 2 branches at a time so I dump them at the second branch. The clear plastic rolls are worthless too, they are from brinks or the mint, and have been filtered for silver/copper/nickel etc. You might want to go through pennies if your local branches give them out (BMO's are more willing, every other bank wont give them out), and stash some boxes.
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Pillar of the Community
Canada
2517 Posts |
Thanks for the input everyone. I guess I'll just return these plastic wrapped rolls and ask for circulation coins instead the next time.
I don't have an account with BMO, I only have one with TD so I guess I can't go there and ask for pennies?
And no I won't be able to be stashing boxes since I won't be able to afford them, bring them back to my dorm, find a place to keep it, then bring it back. Too big and heavy.
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Valued Member
Canada
55 Posts |
You could run a side business catering to other collectors. That's what I'm doing and it's helping to pay the bills. You can open a student account with BMO like me online, and go in to the branch to activate it. Most of the time they don't ask if I'm a member. Ask them if they have any interesting old coins or pre 1968 coins, that ended up netting me $320 face value of old voyageur dollars and $45 if Kennedy halves and 50 cent coins! |
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Valued Member
Canada
372 Posts |
SlurExe97, remember you are not "spending much " at all. Only the coins you keep are costing you. If your readily available cash is limited just rotate rolls.
Many banks bundle them in rolls of 10, so 25ยข would be $100, dimes $50 and nickels $20. So if you got a half bundle of quarters for $50, search them and return them for a bundle of dimes etc., you are not spending new money every time. Here, the tellers like it when I bring in full boxes so they don't have to wrap bundles in elastics and risk dropping them, but it depends on how much cash you want to keep in the rotation.
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Pillar of the Community
Canada
2517 Posts |
andrewbi: Sure, I'll give it a shot when I have the chance.
I do know that I'll be returning back the coins I don't take, but the buying initial rolls are the one that cost me quite some money. I think I might go back to the bank today and ask to exchange them for circulated rolls.
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Pillar of the Community
United States
4809 Posts |
As noted, the scale of your hobby relates to your ability to keep money tied up in loose coins. Start small and expand where and when you can.
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Pillar of the Community
Canada
2517 Posts |
Rackster: Sure. I'm starting small now, probably going to spend more in the future when I'm actually willing to spend more.
I'll be going back today, returning $22 and getting new $22.
I think I figured out a way for me to not receive my searched rolls back. Put a small X on them with permanent marker. Well, as long as the bank doesn't have thinner anyway.
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Pillar of the Community
United States
4809 Posts |
That's the idea too - turnover the coins faster (a couple/few times a week)and your $20 goes as further than the $20 I do on a weekly basis. And enjoy making the discoveries. I'm not that familiar with the Canadian errors/varieties as I'll usually examine my Canadian cents annually, but they do exist. Your fellow countrymen can possibly get you a short list of things to look for if you aren't already aware. There are a few sites to check out. Forgive me if you know all of this already. http://coinsandcanada.com/coins-err...arieties.php |
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Pillar of the Community
798 Posts |
I'm going to BMO tomorrow, wish me luck. Do any of you live in the kelowna area?  |
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Pillar of the Community
1325 Posts |
If you want Canadian cents, just go across a border for a trip and you will probably find them in US cents.Why does one coin have a red leaf on it, what is that about. I would love to get my hands on a whole roll of Canadian coins. Now I have the urge to order a bag of pennies tomorrow.
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Replies: 27 / Views: 4,936 |
Posted 03/22/2014 4:57 pm
