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Replies: 17 / Views: 1,722 |
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New Member
United States
4 Posts |
Allright so I was looking up coin collecting on google and I just happened to past by a website with the initials CRH. Well as curious as I am I just had to check it out. What I saw totally blew my mind. COIN ROLL HUNING!! So I read about it and different tpyes of CRH's and I was wanting to know how do you ask for rolls of coins? I mean do you just go up and say hey can I have 5 dollars worth of pennies in rolls? And will they actually give you that? Is there any possible to get any good coins from CRH and can you make some money off of them? To be honest I would just like to know how in the world you do it.
Thanks guys
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Pillar of the Community
United States
671 Posts |
Just go to a bank teller, give them whatever amount of money you want, and ask for an exchange for coin rolls. The best part is, when you are done, just bring them back to the bank and get your cash back. Be careful it can get addictive fast... 
Edited by Sir Ferrari 10/23/2008 8:10 pm
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New Member
 United States
4 Posts |
So I was just talking to one of my friends and I was discouraged to do this. The reason being that all I will receive is a bunch of brand new spankin' coins. Is this true or what?
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Pillar of the Community
United States
671 Posts |
It depends, I've found coins from the 1920s in cent rolls...
It is usually newer coins, especially in dimes/quarters/halves, so your best bet would be with Lincolns. (more date/mm variety) That's how I got started, and I haven't stopped since!
Edited by Sir Ferrari 10/23/2008 8:19 pm
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Pillar of the Community
United States
1116 Posts |
i have found silver dimes and proof nickels in rolls so it is not always just common new coins good luck
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Pillar of the Community
United States
3098 Posts |
Don't ask them for the new ones that are from the mint. If the teller brings you new ones, you can always say, "I need old rolls to fill the spots in my collection," but it is not like they will not give you old ones without a reason.
Also, from hearing from the veterans of roll hunting, they mostly withdraw half dollar rolls (because of the higher probability of finding silvers) and go through them looking for those silvers. Just remember all silver (exc nickle) coins 1964 and prior and all halves 1970 and before are silver, which means JUST the metal is worth more than the face value.
Happy hunting!
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Pillar of the Community
United States
3499 Posts |
Oh it certainly does get addictive. In fact, just today I went through a $25 dollar box of pennies in an hour and a half. And from just one box I found 8 wheat pennies, 3 dimes, 4 Canadian cents (one was a George VI from 1952), a 2004 Euro Cent from Italy, and about $5 worth of pre-1982 copper cents.
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Pillar of the Community
United States
632 Posts |
Visit coinrollhunt.com for more info.
Tons and tons and tons of info on the subject can be found right here on the forum. Just looking aroun the "modern coin" forum and the "main coin forum" and browse for threads about coin roll hunting.
Oh, and its proper to use a different bank to dump your searched coins. Don't buy coins from one bank and then turn around and give them back to the same bank.
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Pillar of the Community
United States
869 Posts |
The tellers take good care of there OWN customers. So get a account first. If you do go back to the same bank to return your searched rolls mark your coin wraps so you don't get em back.
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New Member
 United States
4 Posts |
Also, I just found out this morning that my bank puts their coins in some sort of plastic wrap. What am I to do when I am ready to wrap them up again?
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Pillar of the Community
United States
3294 Posts |
Find a bank with a coin counting machine and you wont need to rewrap. Not going to make your bank happy though if you buy coins from them, unwrap them, and then return the coins. Much better to have accounts at 2 banks, one to buy coins, one to dump the ones you don't want. Make sure they are 2 separate banks, and not just 2 branches of the same bank because otherwise you will get a lot of the same coins back because when a branch runs low on a coin, they will usually ask other nearby branches if they have any to spare.
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Bedrock of the Community
United States
20753 Posts |
For one thing this all depends on where you live and/or what banks are available. Many people are still in areas where this could be done and find coins of value. However, in many places banks are getting tired of people doing this and are refusing to take the coins back. Well not refusing, but have a policy to take the coins, place in a bag, send out for counting, charge you a fee for this. The reason is obvious. Banks are not there to play games, they are there to make money. In heavy populated areas banks have lines of customers and someone that ties up that line to play the coins in, coins out game are not welcome and hurt buisness. Bank of America in my area is stopping all coin counting machines. They too now charge you if you want to have coins counted even if you have an account. Charter One also. Chase told me that many of their branches are stopping accepting coinage unless you have an account and pay a fee for depositing coins. Rolls are the worst and the fees are even larger for rolled coins. The reason is again obvious. There is a growing trend to try to get rid of short rolls. People take one coin out of each roll. In order to properly count the coins, each roll must be opened by someone. This cost the banking system money so someone has to pay. Sounds trivial but if done in bulk constantly, a few dollars to be made so banks are charging more and more for these services.
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Pillar of the Community
United States
3294 Posts |
so what do retail stores do with their coins in your area just carl?
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Bedrock of the Community
United States
20753 Posts |
Quote: so what do retail stores do with their coins in your area just carl?
That exact thing started to bother me when I was told by many banks about the charges and problems with taking in coins. So I asked at a few restaurants in the area I frequent. At one place they told me to avoid large quantities of coins they try to give customers as much change as possible when they aquire to much. Another place told me they have a working system with Brinks that stops by every few days and either gives them change or takes away excess. However, there is charge for this. Stoppped in a neighborhood laundromat when I noticed a person emptying the machines and asked what they do with the coins. All are taken to a special bank, counted, charged a fee and the remainder is placed in an account. A small grocery store in my area said "Dosen't everyone have to pay to take change to a bank?" Without continuously checking out additional situations, I would guess that most establishments that deal with large quantities of coins have and do pay for the service of taking them.
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Pillar of the Community
United States
869 Posts |
Where I live we have a bank with a coin counting machine that is free for account holders.(Locally owned bank)
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Pillar of the Community
United States
666 Posts |
coin counting machines are great. My area we don't have them.
When I ask for a box, I also ask for wrappers. At the same time... Every place I've ever been given a box has also given me wrappers.
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Replies: 17 / Views: 1,722 |