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 Replies: 25 / Views: 7,430 |
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Pillar of the Community
Norway
1358 Posts |
I travel to and from the USA on a quite frequent basis. I have seen that many of you in the USA can easily get hold of coin rolls and do coin roll hunting and sometimes have the most extraordinary finds there. That got me interested in the whole thing, so now I want to try for myself.  However, as a guy from Yurop with no 'Murican bank account and no experience with dealing with USAnian banks (except ATMs), I'd like some more information before starting the hunt! My next trip will be in 2 months and the destination will be Chicago. It'd be highly appreciated if you can help me with some of the following questions: Can I just go to any bank and ask for coin rolls? Any specific banks recommended? Is there any premium on coin rolls (like a 'coin packing fee' or a 'transaction fee')? Here in Europe it's quite common to pay the bank for such a 'service', which makes coin roll hunting here quite a bit less attractive. I do understand that there are rolls with 'just' denominations, not ordered by year. Which denominations would you recommend in order to increase the chances of getting some 'premium' coins, like silver coins, rare coins. Half dollars? Dollars? Quarters? Dimes? Anything else? Anything more I need to know before starting? Anyway, thanks a lot for your help already! |
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Pillar of the Community
United States
558 Posts |
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Pillar of the Community
United States
1191 Posts |
Welcome to the Windy City from a resident.
I would suggest getting halves but not very bank has them nor will order them. The next best finds come from nickels (in my experience) because the silver quarters were hunted for years. Silver nickels don't worth much, and people tend to ignore them and I believe that a coin machine would not throw them into the reject bin, therefor, every silver nickel goes back into circulation.
There are no service charges, you pay the amount the coins worth and nothing above that.
Cents= $25
Nickels= $100
Dimes= $250
Quarters= $500
Halves= $500
Dollars= $1000
Hope this helps.
Fixed the dimes dollar amount. And as jbuck said, it's the dollar amount in a box of the given denomination.
Edited by Hello There
07/02/2016 02:43 am
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Pillar of the Community
 Norway
1358 Posts |
Thanks! Any suggestion for a bank in the Windy City? Maybe you know one which (most likely) has halves? Quote:
Cents= $25
Nickels= $100
Dimes= $200
Quarters= $500
Halves= $500
Dollars= $1000 What do you mean with this? :) |
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Moderator
 United States
187702 Posts |
That is the size (in face value) of the bank boxes of rolls.
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Pillar of the Community
United States
1450 Posts |
You don't NEED to buy boxes,it is just a convenient quantity to buy. In my experience,many banks will not sell you boxes unless you have a business account with them. You can buy as many single rolls as you need which has the advantage of getting a mix of denominations for the price of a box. Either way,it will be an adventure for you and don't be too disappointed if you don't find anything valuable the first time,if we always found something valuable it would not be near as much fun.
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Pillar of the Community
Norway
1358 Posts |
Thanks for that.
I'm actually looking forward most of all to the hunting itself, it seems like something fun, also because there's no risk for loss, only wins can be found. Plus all the excitement of course.
Anyway, as mentioned: they won't sell me monster boxes unless I have a business account. In fact, I don't have an account and being foreign, I won't get an account either, of any kind. That's no barrier for shopping coin rolls?
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Pillar of the Community
United States
1695 Posts |
I have not had luck getting coin rolls from banks where I do not have an account. So, I opened small savings accounts at some banks to have access to coin rolls. Also, keep in mind that this website features people's successes and great finds. We don't post generally about the hours and hours we spend going through tens of thousands of coins (maybe more) that are not notable. In some way coin roll searching is a difficult hobby. It takes time and moving the coins around between banks is challenging. Good luck!
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Pillar of the Community
United States
8137 Posts |
Getting rolls from banks where you dont have an account is a hit or miss in my experience. I have a BofA account and the Wells Fargo across the street from my bank will sell me rolls, but they wont order them for me. Meanwhile, the BB&T in the same shopping center will not sell me rolls or exchange rolls for cash.
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Pillar of the Community
Canada
1747 Posts |
I think the biggest hurdle will be not having an account, Being a Canadian who travels to the USA often, I have tried to get rolls without an account and I was lucky to get a few, not enough to actually find anything.
since you are coming here frequently, I would highly suggest opening an account, which is 100% possible with 2 pieces of ID, and whatever minimum requirement for a savings account. I would recommend one of the bigger banks Bank of America, US Bank, but you can do your own research on which one.
Once you have the account they should have no issues with rolls.
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Pillar of the Community
Norway
1358 Posts |
Quote:
We don't post generally about the hours and hours we spend going through tens of thousands of coins (maybe more) that are not notable. In some way coin roll searching is a difficult hobby. Just like I don't post about sorting the kilos and kilos of coins I get at my local coin shop. Usually there's just a small amount of wins in every lot. I guess it's almost the same, with the difference that you can just spend the rest of the coin roll in circulation, where my lot usually just gets stored and is written off as scrap metal.  Anyway, thanks a lot for the tips! I'll give it a try and will also try to open a bank account when necessary. Which will probably be a challenge in itself, as I do not have a US address or anything else to link me to the US, other than the visa in my passport. I'll keep you updated when things are happening. |
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Pillar of the Community
Canada
1747 Posts |
Ultrarant, As I mentioned I am a Canadian Citizen, I have a US Bank account in the USA. all you need is 2 pieces of government issued ID and some money to deposit. It took me about 15 minutes to open my account (I politely declined the free shotgun....)
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Moderator
United States
187702 Posts |
Quote:
It took me about 15 minutes to open my account (I politely declined the free shotgun....) All I got was a toaster.  |
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Pillar of the Community
Canada
1747 Posts |
I went down on Canada Day (July 1st) returned all my USA coins I had pulled from rolls in Canada and got $1236 in US$$ (@ 1.25% = $1545CDN) and I picked up $100 in halfs, box of dimes and a box of nickels pulled 5 40%ers out, I found 2 silver Canadian dimes, and a silver Rosie as well as a silver War Nickel. |
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Pillar of the Community
Norway
1358 Posts |
The next question would be: what do American banks see as 'valid ID'? I do have a passport and a standard European driver's license. No gun license, though, so I probably also have to turn that offer down. Sufficient? Or would an international driver's license be recommended in addition? Also, these ID's are issued by two different countries, so that makes life very confusing, I guess. It's still me, though! |
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Pillar of the Community
Canada
1747 Posts |
I used my Canadian Passport, and Canadian driver's license, not sure about the European DL thing. if I were you, I would go to the banks websites, whichever one you choose, and contact them directly with your questions, because whatever experience I have may not translate over to European.
I would also add that I HIGHLY doubt that you are the first European to ask to open a USA bank account, so there are procedures in place.
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Replies: 25 / Views: 7,430 |
Posted 07/01/2016 2:50 pm
