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 Replies: 18 / Views: 3,676 |
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New Member
Canada
8 Posts |
Can you make any moeny at coin rolling?
I see here where folks have gone through thousands of coins, and come up with one or two silver coins worth a dollar or two apiece
I just started yesterday with 10 rolls of quarters and am really enjoying myself, but I have to ask the question:
Can you make any money at this silver coin collecting?
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Moderator
 United States
189142 Posts |
Not really. There are certainly profitable finds being made, but really only enough to help the hobbyist. I cannot imagine a professional quitting their day job to CRH.
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Pillar of the Community
United States
898 Posts |
Think of the amount of hours it would take you to search and find $10 of melt value silver hunting coins, then think of the amount of time working a minimum wage job.
It will not make you rich, but it'll pass your time, become a cheap way to add coins to your collection, and if you find something rare, then it'll pay.
Other than that, it's just a hobby.
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Bedrock of the Community
Australia
21788 Posts |
I don't think it is possible to make any useful profit from coin rolling (CRH), but that is not the reason why people choose to do it. Coin Roll Hunting as more to do with numismatic study and the collecting of the coins, and the thrill of the hunt.
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Pillar of the Community
United States
2661 Posts |
Not any more. Searching halves prior to 2009 was very rewarding. One could find dozens of 40%, a few Walkers,Franklin s, and 1964 Kennedy's in nearly every box here in the U.S. I don't even do it any more because non collectors have taken over and there is just way to much competition.
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Valued Member
292 Posts |
So far I've found one box that had around $100 of silver coins in it and a bunch of skunks...found a penny worth $20-$30 and a several coins worth $1-5 but they're so few and far between that you'd never be able to realistically make any money doing it.
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Valued Member
United States
71 Posts |
It is the thrill of the hunt that is your profit. You may find something valuable or you may not.
My comparison is another hobby, trading cards. I can buy a box of those for $100 and open it, maybe hit something big but most likely end up with about $20 worth of cards. With coins I can buy a box of nickels for $100 and hit absolutely nothing and still have a value of $100 but I got to hunt and that was my profit.
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Moderator
United States
56855 Posts |
 to CCF. If your roll searching for only silver then I can't see you making much profit. If your searching for errors/varieties like I do in cent rolls then in theory you could make a small premium "if" you can find a buyer. Either way it's a "hobby" not a business for most of us. Good luck in your hunting. John1  |
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Pillar of the Community
 United States
5828 Posts |
to CCF!  Cent rolls are the way to go! You find a ton of LWCs, and you can sell them for a ton of profit, depending on the condition, date, mm, etc.. I've only solde one of my wheat cents that I found, a 1909 penny for $5.50. Yep, penny rolls are the way to go! |
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Pillar of the Community
United States
2661 Posts |
Quote:
Yep, penny rolls are the way to go! I agree, cents are the only rolls I hunt these days. There is a lot of cool stuff to be found in those. |
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Pillar of the Community
United States
8137 Posts |
Most people (including myself) CRH just for fun. If I was trying to make money doing it, I would have quit a long time ago due to all the time it takes (driving to banks, searching rolls, rolling them back up again, etc.). If you are trying to make money CRHing, just stop right now because it most likely won't happen.
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Pillar of the Community
United States
840 Posts |
I've kept track of the value of the silver I've found in boxes of half dollars: 63 boxes = $1.23/hour of effort. This doesn't include the cost of gasoline or wear and tear on my car! CRHing is only a hobby.
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Valued Member
United States
309 Posts |
if your searching for a profit I don't think you will be successful but you can get lucky. It is ideal for a hobby with the thrill of finding something you can cherish  and never forget.. |
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Pillar of the Community
United States
4932 Posts |
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Searching halves prior to 2009 was very rewarding  I disagree. Silver was lower at the time too, unlike in 2011 when it jumped to nearly $50 an oz. Even if you searched large quantities, it'd still take a while to make a "living". Depends on also how you are selling them too. |
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Pillar of the Community
United States
4809 Posts |
You can make money, but probably not a living. As others have said, it's a hobby with a potential upside. But I wouldn't CRH with the notion that you will be making decent money...just finding decent coinage from time-to-time. That's the reward!
Good luck on the hunt!
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Valued Member
United States
95 Posts |
It can be Profitable if you have access to the FED vaults. LOL. If you are just picking up from a Bank and returning it to another bank, Nope. You will make more Money working part time in any minimum wage job, than CRH.
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Replies: 18 / Views: 3,676 |
Posted 05/03/2015 02:09 am
