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 Replies: 9 / Views: 1,872 |
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Valued Member
United States
107 Posts |
My the bank I get bags from has just signed a contract to accept coins from a laundromat and a car wash. Has anyone had any experience with what the incidence of silver I might expect from those types of businesses?
I got my first bag today from the bank, they shipped out 3 bags of quarters 2 days ago, so sounds like they may be getting a couple bags a week.
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Pillar of the Community
United States
3470 Posts |
My guess is, most laundromat owners do a search for silver before coins are sent to the bank.
If they don't, they have someone they allow to search who is paying them 10X face for any silver they find.
Edited by nfine
03/31/2018 10:06 am
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Valued Member
 United States
107 Posts |
I will try a few bags and see if I find anything. they are dumping 4-5000 coins at a whack, it is easy to miss silver with that many also if as I think they may get one silver a week or even every two weeks, is it worth it to a business owner to pay someone $40 ($10 an hour) to go through all the coins to make $2.50 (actually $2.25 since the quarter is worth a quarter)
even if they could go through 4,000 coins in an hour that is still paying $10 to get $2.50. I would gladly pay someone $2.50 and they give me back $10 all day long.
We will see what I find if anything. Mainly waiting for the halves to fill up, they added 10 halves to the bag, now at 310 in the last two weeks, may take a while to fill
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Rest in Peace
10197 Posts |
I saw a homemade device, had a triangular tray, one end open and attached to a "V" channel about 3' long w/ a flip capped end. Quarters would be placed in the tray (@300+), shaken so they would stand on end in the channel, then end opened into a bag. Rim check silver method, took no more than 15 minutes to sort out any silvers. There may have been a few escapees, but not many. Other places use the sorter/counter with the clear plastic holders, count before bag as a security measure on the bank.
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Pillar of the Community
United States
4211 Posts |
Often times, laundry mats and car wash machines will not accept
silver coins. Kinda like coin star machine rejects them.
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Valued Member
United States
107 Posts |
I will try a few bags no silver no more bags, I will just take all their dimes!! and of course halves!
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Valued Member
United States
261 Posts |
Searching in 2018 is a waste of time. You would make more money flipping burgers at your local MCDonalds.
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Bedrock of the Community
United States
10038 Posts |
Been there. Done that. But years ago. My grandfather owned laundromats, so he and I looked for the silver.
The method for finding the silver was fast and easy b/c it employed two senses instead of just one. He had a large sheet of 1/4 thick glass. He would pour all the coins onto the glass and listen for the silver ringing as it hit the glass (easy to hear). We could quickly find the silver after hearing it.
To make sure nothing was missed, with our hands we would spread out the coins into thin layers. We would then get down to eye level with the coins and look for silver edges. A lot of change was easy to go through very quickly with this method, and I don't believe we missed any.
How can I be so sure nothing was missed? B/c he had a had cranked coin rolling machine that had clear tubes the coins would be fed into from a pan sitting above the machine. We had to pour the coins out into the pan, hand-gather them to the hole though which they gravity-fed the tubes, and then the coins would be rolled as you cranked a handle. We were holding a funnel-mouthed tube, with inserted paper coin wrapper (bottom end crimped and open end inside funnel near the top), right below the output from the clear tubes of coins. After all that handling of the coins, I don't remember ever pulling any from the machine/pan/clear tubes while performing the wrapping process.
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Valued Member
United States
107 Posts |
"Searching in 2018 is a waste of time. You would make more money flipping burgers at your local MCDonalds"
That is true, and if you like fishing and have a bass boat you will do better flipping burgers and buying fish at the store, but it is not about making money (since you won't) it is about the thrill of the hunt and the joy when you find something. I used to metal detect, one year I kept track of my finds vs. time (didn't count in the cost of batteries or gas) and found I made 39 cents an hour. But I was in the fresh air. With coins I go through them while watching TV, golf and baseball. Do I want to flip burgers and buy junk silver, if my arthritic knees would stand it, I still wouldn't, did that when I was a kid don't need the abuse at my age.
The other day I went through a bag of quarters and scored 36 silver. That is $90 but even that won't make money unless it happened all the time.
How many burger flippers say they can't wait to get to work, and see it as an adventure each day? I don't know of a single one (unless they were flipping burgers in a bordello). But going to the bank and getting a bag off the machine or some CWR's I feel excitement, and then sometime elation, more often a letdown. It is NOT about the money.
If you feel the way you do, WHY ARE YOU ON A COIN ROLL HUNTING FORUM?
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Valued Member
United States
107 Posts |
Earle42 - they are not rolling them but dumping in a coin counter. So far 1 silver 1964 and I am 1/3 through the bag, taking my time and pulling out some nice State Quarters to set them in resin for drink coasters and paperweights to sell at the next gun show where I have a table |
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Replies: 9 / Views: 1,872 |
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Posted 03/31/2018 11:31 am
