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Replies: 16 / Views: 3,373 |
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Valued Member
United States
183 Posts |
Just wondering if this makes sense to anyone else.
So I've come to the conclusion, that it's cheaper(in the long run), and more rewarding to me to just pay the $7.50 for a 64 kennedy, or $2.75 for a %40, as oppose to aimlessly hunting banks and skunking. I think I spend more time,gas, and time searching then if I would have just bought one from the store. I spend so much gas driving and getting skunked!
Let me know what yall think!
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Bedrock of the Community
Australia
21786 Posts |
A). If you happen to put a price per hour on your CRH, your rational(e) makes perfect sense.
B). If you love the thrill of the hunt, and you have given in to paying for them, you have lost your enthusiasm for the thrill of the hunt, or were never sufficiently motivated in the first place.
I happen to agree with rational(e) A).
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Moderator
 United States
187702 Posts |
It is what I did, so obviously I have no problem with it.  Ultimately it comes down to what is more important... filling the hole or finding the coin in the wild. For me, it was filling the hole. 
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Valued Member
 United States
183 Posts |
Definitely not option B!
I still Hunt pennies and nickels, but think I'm just gonna be buying the kennedys from now on :p
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Pillar of the Community
United States
814 Posts |
I'm the same way. Although I'd love to give CRH a try, I don't have the time for it. And my wife would skin me alive if I started buying boxes of halves (or any other denomination, for that matter) to look through and then have to figure out what to do with the rejects when I'm done. I do edge search quarters and dimes (ours come in clear plastic wrappers) when I open a new box at work, and will occasionally look through rolls a customer brings in, but that's about it.
FWIW, all the silver Kennedys in my set (and several clad) were purchased at the coin shop, except my 1967 and 1968, which my grandmother gave me.
Although I love finding anything interesting in circulation (and even more so if it's a hole filler), I'm more apt to make a trip to the coin shop once a week or so and add to my collection a little at a time than wait for it to turn up in circulation (which for some coins, as every day passes, the chances of that happening become less and less).
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Valued Member
United States
446 Posts |
I purchased lots of silver coins back in 2001/2002 when prices were much lower, and thus filled in lots of holes in that timeframe.
As for driving to the bank, in my case I go there anyway to get bills to mark for my Where's George activity. If I'm doing the bank runs in the first place then the money for gas has already been spent so why not get rolls or boxes?
OTOH, even if I weren't going to the bank, I would hit up banks on the way to/from wherever it is I need to do my errands. With gas prices being what they are, I usually accomplish more than one mission while I'm out and about.
Edited by DCM Coins 07/26/2014 11:59 pm
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Pillar of the Community
1325 Posts |
It is your coins and your money, so what anyone else thinks shouldn't matter. You jsut have to ask why you are doing it and what you expect out of it.
For me the CRH aspect not only wastes some spare time, but I can't smoke while doing it so saves me a bit there of life and moeny. Also I don't dump. Only when I have way too many pennies will I take then to a coin counting machine and either eat the fees or get them into a free gift card thing for a hardware store that I will have the money for later should I need something like a toilet handle, a draink washer or something else.
Halves, they all spend nicely, even unrolled. Actually for some reason people take them unrolled quicker than rolled and without question and seem happy to see them. Since I have to spend the money on things like gas, cigs, food, etc the halves really don't cost anything except to go get them from the bank instead of getting out cash.
Also when you get a ox to CHR, you never know what you will find. Will it be a silver plated than someone might offer you more than face for? Gold plated? Some interesting counterstamp like Lincoln nose-to-nose with Kennedy? Will it be foreign?
Sure I am still missing 1964-D, and 1965 for my set, never found a walker or Franklin in CRH, and only sparsely find a 40%, but I have so much fun finding that one after all that work that would have otherwise been time spent watching a movie on TV that I have seen 1000 times before because nothing else is good on when I can't sleep at night.
CRH or collecting can only ever offer you what you are looking for out of it and each person will have to decide what way is best to get what they want out of it.
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Pillar of the Community
United States
1158 Posts |
If you are just going to buy junk silver, might as well buy 1 oz rounds, IMO. If you want a higher grade silver half, you won't find it in a coin roll anyway.
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Pillar of the Community
United States
2661 Posts |
If you pass any banks on your way to and from work just check those. If silver is the only thing your looking for then you are missing out on the big picture.
Edited by Tim Stroud 07/27/2014 09:58 am
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Valued Member
440 Posts |
"IMO. If you want a higher grade silver half, you won't find it in a coin roll anyway." My thinking exactly. Instead of buying junk silver take the money you save in gas, time, etc. & invest it in higher grade coins which have some value above melt.
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Valued Member
United States
446 Posts |
To each their own. My rule of coin collecting is, "collect what you like". I have nothing against the higher grade coins....I think they're awesome and I have a few here and there.
But for me I like the idea of several rolls of "junk silver", and it's fun to get them out every now and then and go through them.
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Pillar of the Community
United States
814 Posts |
Quote: But for me I like the idea of several rolls of "junk silver", and it's fun to get them out every now and then and go through them.  I know. Every time I take out my bullion & junk silver box to go through, I feel like a kid playing with his favorite toy. 
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Pillar of the Community
United States
1158 Posts |
I think funding junk silver at face value is amazing. But paying full bullion price for it seems odd. That's all I'm saying. If you are paying bullion value you should get pure silver.
Of course, everyone is free to pursue the hobby as they like. I just am saying think about your goals. If it is to hold silver, then why get lower purity beat up coins? And if it is to hold coins, then why not get coins in better grades with more numismatic value than silver melt? It seems like junk silver only works as a strategy when it is obtained for less than melt.
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Pillar of the Community
United States
1116 Posts |
I'm actually in for both options. I enjoy the thrill of finding any silver coin (even if I have the coin already) but if I find a coin that is better than the one that I have I don't mind buying and upgrading.
When I stop at a bank during one of my expeditions I ask about Ikes, Halves, Sacajeawa, and Susan B's. If they have them then I purchase them for later review. At the same time I also picking up rolls of dimes, nickels, and/or pennies for my search.
Everything for me is fair game.
If I find something GREAT, if I don't then I recycle the coins and the game then begins anew and I'm not out much just my time. Besides the search helps me to pass the time while I have nothing to do.
To me its no harm - no foul.
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Pillar of the Community
United States
523 Posts |
I enjoy CRH and that is the fun part, my bank forgot my order this week and the wife and I are bummed about it. It the thrill of the hunt for me. In two years I have found 100Oz, so am I making money on it? Well it depends how you look at it.
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Valued Member
 United States
183 Posts |
Dont get me wrong folks, I STILL buy rolls of Kennedys from the bank, I usually get 5-10 regular ikes a week for face, and I still buy $100 box of nickels, and $25 boxes of cents. All I'm saying is in conclusion, you generally spend less money just buying the '64 kennedys.
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Replies: 16 / Views: 3,373 |