| Author |
Replies: 17 / Views: 4,110 |
|
New Member
United States
38 Posts |
Just decided recently that I want to start coin collecting as a hobby. I've stumbled across the art of coin roll hunting and think it would be a great way to keep me entertained/busy and help get my hobby started.
My question is, how do you recommend I start out with CRH?
What should I buy first?
Where should I buy it from?
What should I be keeping an eye out for?
I have $500 to spend on this, for now, and obviously will be returning whatever isn't worth keeping and then buying more rolls down the road.
Thank you in advance for any help/advice on this.
|
|
|
|
Pillar of the Community
 United States
8938 Posts |
Depends on how much time you want to spend and what your goals are. Halves for silver, pennies for variaties.
|
|
New Member
 United States
38 Posts |
I have all the time in the world and my goals are silver and interesting looking coins and old.
So you wouldn't bother with nickles, dimes, or quarters?
|
|
Moderator
 United States
188130 Posts |
 to the Community! Nickels are you best bet if your goal is to complete a full set from CRH.
|
|
New Member
 United States
38 Posts |
What do you mean by 'complete a full set' ?
|
|
Pillar of the Community
United States
1695 Posts |
Quote: What do you mean by 'complete a full set' ? Every year, every mintmark, from 1938 to the present, of business strikes made.
|
|
Pillar of the Community
United States
6130 Posts |
I had the most fun with nickels; I got about three coins away from the full set when I finally had to stop due to no longer having nothing better to do. Due to the war, nickels were made with 35% silver from 1942-45; about the same net silver content as a silver dime. And there aren't as many in the public who save old nickels versus wheat pennies. Half dollars are also good, but more expensive to keep, and they are hard to cash back in, unless you need a $450 Amazon gift card from coinstar! Most banks charge a fee for ordering half dollars, and will refuse to order them again if you dump a few hundred back on them. Half dollars also have the largest percent chance of finding a proof or not for circulation coin (all halves since 2002).
|
|
Rest in Peace
United States
18456 Posts |
 To CCF , CRH at your bank. Cents and Nickels . Do not buy rolls from dealers unless they are OBW rolls ( original bank wrap solid date BU rolls ). Search for errors ,varieties and high grade circs . Hold onto any old coins you find : Wheaties, 30's & 40's Jefferson s . If you want to spend money ,buy the Red Book ,magnifier, and 2x2's . You'll be just about all set to be a coin collector . 
|
|
Pillar of the Community
United States
772 Posts |
I love to hunt cents and nickels myself. I get a few halve rolls here and there as well. I also buy any/all dollar and halves out of bank teller trays when I am at the bank. I've come out pretty well a few times doing this. Bottom line, do what you enjoy! That is what matters!
|
|
New Member
 United States
38 Posts |
I thought a box of halves was $500 but the bank told me today it was $1000 and I had to pay at least $800 of it for them to order it. Does this sound right?
|
|
Valued Member
United States
55 Posts |
jflournoy. Half dollar boxes are $500, although some banks will require at least 2 boxes when they order, hence the $1000. It depends on the banks, but from my brief experience some have limits of what you can order. I have never experienced a down payment or money upfront to reserve though.
|
|
Pillar of the Community
967 Posts |
One thing to remember when having a bank order boxes of coins is to never complain about the actual dollar amount actually within the boxes. If a $500.00 box is short a few coins you should consider that in the cost of coin hunting. If you go back to the bank and demand they make up the difference you will have problems getting additional boxes. The bank is paying $500.00 for that box and selling it to you for the same amount. If it is short and you demand some money back then the bank has no way of accounting for the difference. This is probably the main reason most banks will not sell bags from their coin machines. I make it a habit never to count the change from the bank neither bags or boxes.
|
|
Pillar of the Community
United States
4333 Posts |
There is no "best" coin to hunt, it's all based on location, personal preference (as you can see) and hunting pressure.
No matter which coin you decide, Never, ever dump your coin back at the same place you bought them. Thet key to success is to search volumes.
When I listen to LED ZEPPELIN...so do my neighbors... Roll hunting since '77 Dirt fishing since '72
|
|
New Member
 United States
38 Posts |
Thanks all for the advice. I ordered 2 boxes of half dollar ($1000 total) and should be here next week. How do you all recommend cashing all of those back in once I've hunted through them?
|
|
Pillar of the Community
967 Posts |
I searched half dollar about 10 or 12 years ago and found many silver halves. I quit looking when the average find fell to zilch. It is not fun packing them home, going through them and them packing them back to the bank when you don't find anything. If I were you I would figure out what is also collectible in the half dollars and look for them as well. In particular I would look for the no FG coins, DDOs and DDRs. When I quit looking these were about all you could find. They are probably worth as much as the silver coins anyway. The bags on the counting machines around here hold $1000 dollars so if you take them all back to one location you will probably fill up the machine and someone will required to change the bag out. Good luck. You may hit the jackpot or you may find none at all. It really varies by box. If I was going to be serious about looking through them I would pick them up local and then drive them to a different carrier service area to dump them. I would then continue to do the same process to try to go through all the local carrier had. If not then you could be getting the same coins time after time.
|
|
Valued Member
United States
392 Posts |
Good luck. Please post your results with pictures of your keepers.
|
| |
Replies: 17 / Views: 4,110 |