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 Replies: 9 / Views: 1,876 |
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New Member
United States
5 Posts |
I want to go from just opportunistically collecting coins to cheaply collecting as an amateur. I have a few US coin collection books I would like to work on filling, as its the easiest place to start.
- But I don't know where to begin. And I need to do this cheaply.
- Can I buy them online in small quantities, like a few rolls at a time?
- Are there reputable sites or sellers to look for?
- Are there people on here who sell these - how do I find them?
- No offense but is everyone on here like safe to assume they're reputable, or should I look at how long they've been here before I buy?
Sorry for all the questions! Thanks in advanced for helping me. I just want to be at least a little informed before I jump right on in. I don't want to accidentally waste money on something that's faked.
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Pillar of the Community
United States
608 Posts |
You can start by going to your bank, buy rolls at face value.
Good luck!
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New Member
 United States
5 Posts |
Okay, thanks @bill069! There's a bank in my local Walmart I can make an account at. I could easily use it as a separate checking account. Can you ask for, say, half dollars or gold dollar coins rolls? |
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Pillar of the Community
Canada
5246 Posts |
There are some people here who are so dedicated to coin roll hunting, that they might recommend a hand truck or a cart to haul vast quantities from the bank. They get several boxes of their favorite denomination per week! That can be heavy.
All kidding aside, you can fairly easily get most coins 1960 and newer from rolls, but you will need to go through considerable volumes to get the older ones. Wheat cents, for instance, seem to be about 1/4 of 1 percent of the circulation coins. A few have got ALL the Jeffersons from circulation, but it seems you need to search over 100,000 to do so.
Others with more experience will have more to add. Here in Canada almost all the ones more than 20 years old have been taken from circulation to be melted, so opportunities are quite limited.
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Valued Member
United States
175 Posts |
First of all welcome! If you think you are going to get rich doing this it won't happen but you can collect almost all the modern coins for albums this way. If you can order half dollars by the box this is the best just don't take them back to the same bank.
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Pillar of the Community
Canada
9164 Posts |
I get all my coin rolls Canadian and US from different banks.
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Valued Member
United States
254 Posts |
Yes as said pick a bank with many branches all over as you will be buying from half and "dumping" in the other half.i personally use chase as there is so many branches and I usually only buy customer wrapped rolls.bad thing about chase is you have to roll your change to cash in
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Pillar of the Community
United States
4333 Posts |
Another way is to switch completely to cash purchases. I get dozens of wheat cents and also silver coins back in change every year. As the breadwinner for a family of four, I use a credit card maybe 3 or 4 times per year.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Valued Member
United States
305 Posts |
Coin roll hunting is your cheapest way. I buy a $25 box of circulated pennies a week. If I don't find any keepers I still have $25 to reinvest. It's ok to ask for circulated ones. My primary bank has a branch with a free coin counter. So that is my dump bank. I checked other banks and sampled there pennies. I now have an account where I can get my pennies. You can try customer rolled pennies but it can be hit or miss. I average 1 LWC for 2 rolls. |
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Valued Member
United States
305 Posts |
Edited by TwistedTrader
12/14/2019 08:23 am
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Replies: 9 / Views: 1,876 |
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Posted 12/12/2019 12:21 pm
