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Coin Counting Machices Where To Buy For Roll Searching

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Valued Member
chevrolet454ss's Avatar
United States
314 Posts
 Posted 12/05/2007  01:59 am Show Profile   Bookmark this topic Add chevrolet454ss to your friends list Get a Link to this Message Number of Subscribers
I love searching rolls of coins from Banks to find good stuff. I was thinking about buying an machice to reroll coins to be sold back to bank. I love searching coins and want to try to search 500 to 600 dollars face worth of penny each week from banks. I been wanting to try searching serval boxs of nickels also in large amounts.

My problem is trying dispose of remains of searched coins. It takes lots time to try rewrap all my coins to sell back to my bank. I am finding my cheap coins countors dont work and I am losing money selling rolls of pennys with 53 or 52 cents in there not 50 like it needs to be. Its adds up selling 4 to 5 25 boxes per weak.

I been looking at Bank machices that reroll and count coins. They very expensive like 10000 for those machices. I am not an bank and cant afford to buy those very expensive machices.

So where can buy an good used machice to count coins or decent machice for decent price becides buying high dollar machices like bank use. I need an machice since its takes an long time trying to rewrap 10000 pennys each weak like I search.

Any ideas on buying an machice to play with to help me roll search. I may be buying an machice to short out out pre 1982 copper pennys from the zinc pennys since I want to start hoarding pre 1982 pennys as copper bullion later after melt ban is over.

I am so sick of rewrapping and counting coins to sell back to bank. Its driving me nuts. I am even having problems selling bulk coins to banks since they tired are buying 2 to 4 boxes of coins each weak from me. Bank tellers are starting to complain after I opened 4 bank accounts with serval banks. Its drives there bank nuts when I fill up there vaults since they dont like coins. I am an big time roll searcher these days and cant stop since I love it so much.

Chevrolet454ss
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yechi7's Avatar
United States
717 Posts
 Posted 12/05/2007  02:15 am  Show Profile   Bookmark this reply Add yechi7 to your friends list Get a Link to this Reply
I take my coins back to local Bank Atlantic banks in Florida, where they have FREE coin counters. You just dump in your coins, it accepts everything including new Presidential dollar coins, & spits out a receipt at the end that you bring to the teller & they give you cash, i.e., bills.

The tellers never look twice, since people, churches, & business come in all the time to do this. I always try to take my coins back to a different bank than where I got them.

This is so I'm not looking through the same coins I just returned. Also, I'm looking through uncommon coins, i.e., Presidential dollar coins. They might start getting antsy if they give me a few thousand & I return the same few thousand a week later. So I just take it to a different branch.

They especially don't mind if you're depositing the money since your deposits are what keeps them in business.
Pillar of the Community
United States
2600 Posts
 Posted 12/05/2007  12:10 pm  Show Profile   Bookmark this reply Add Jim1953 to your friends list Get a Link to this Reply
Yechi7 has it right. Even better, find a bank that has a branch that has a coin machine and open an account. Then order box quantity coins from another branch and take them back to the one with the coin machine. Both are happy to help you as you have an account with the bank. Also, you do not have to worry about getting the coins back as branches with coin machines do not wrap, they send back to where they order coins from and do not invest the labor to wrap coins.
Jim
Valued Member
chevrolet454ss's Avatar
United States
314 Posts
 Posted 12/05/2007  2:34 pm  Show Profile   Bookmark this reply Add chevrolet454ss to your friends list Get a Link to this Reply
You guys are right about finding banks with coin machines. Problems with Banks I have sometimes. I have 3 bank accounts with banks to buy and sell coins.
1. Bank of America dont have coin machines. I use that bank to pay bills and its linked to pay pal accounts for ebay coins I buy . I sometimes buy fedboxs from them. Bank of america dont complain about me buying it but sometimes I need wait an week or so on boxs.
2. Wells Fargo is joint account with my father he uses to paybills. I use them as dump bank. They complain all the time since they dont like coins. I tryed ordering coins from them and its always trouble. They only want maybe 4 boxes in vault each week. We always keep serval thousand in bank to pay household bills or stuff since my father uses it to pay bills.
3. I opened an account with an New bank called wood forest that has coin machices and they have an bank in Walmart thats open 24 hours and day. I like that since there vaults are full of coins . I can buy 5 boxs of coins at any given time and dont need wait for them ordor them from feds like bank of america. I go in there bank with Walmart shoping cart to carry out boxs of coins no problem. I hate to start using there machices to dump coins to turn coins into new boxes to search. Buts its onley bank with machices that are free that dont charge money like coin star does.

4. I may open an bank account with another company that has machines becides dealing with Wood forest bank. I already use this bank to buy buy bu rolls of dollar coins and I like them in the kroger store. They told they have an coin machice in there other bank.


My main problem is these days an new market is forming on people hoarding pre 1959 Thur 1981 copper cents as copper bullion . Its like on ebay they pay 50 dollars face on copper cents is like 100 to 125 on those bags. Its samething like in 1965 when they were removing silver coins from circulation for bullion. It takes maybe 250 dollars worth bank boxes to get an bag 50 dollar face worth worth 59 thru 81 copper cents to be saved as copper bullion.

So I am point where I can start removing those from circulation . I need to go Thur maybe 500 dollars worth cents each week to build two 50 dollars bags face on those each week. I may need to buy an the rydale machine to cull the copper from zinc pennies. I can run bags Thur the machine to cull the coins.

I not only guys doing this . One guy I know he shorts over 500 to 1000 dollars worth pennies each week. He invested in those machines to count and re-roll coins for this. I just want to do make money to buy silver coins or upgrade my collection since I am hobbie guy who loves coins.

My question is it worth all the time and trouble to start doing this to cater to copper bullion market . Its looks like an very hard thing to do. Those machines are expensive and its lot work on those.

Chevrolet454ss
Member
laxmaster92's Avatar
United States
1154 Posts
 Posted 12/05/2007  5:52 pm  Show Profile   Bookmark this reply Add laxmaster92 to your friends list Get a Link to this Reply
dont we all
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Mila_cent's Avatar
United States
1767 Posts
 Posted 12/06/2007  3:15 pm  Show Profile   Bookmark this reply Add Mila_cent to your friends list Get a Link to this Reply
Chevrolet454ss,
After reading your post I came across this coin counting machine
(company sends me their catalog from time to time).

Hope this helps.
Coin Counter

mila_
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