Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. 300,000 items to help build your collection! Specializing in Modern Numismatics Royal Estate Auctions - $1 Coin AuctionsVancouvers #1 Coin and Paper Money Dealer Join Thousands of Coin, Bullion, & Money Collectors Coin, Banknote and Medal Collectors's Online Mall








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Coin Roll Hunting Economics (And Fun)

To participate in the forum you must log in or register.
Author Previous TopicReplies: 6 / Views: 2,507Next Topic  
Valued Member
Diy89Nurm7's Avatar
United States
271 Posts
 Posted 03/29/2021  4:45 pm Show Profile   Bookmark this topic Add Diy89Nurm7 to your friends list Get a Link to this Message Number of Subscribers
Greetings!

I am enjoying doing a bit of coin roll hunting in pennies and nickels and having fun at it. I have done well with half dollars when I can get rolls in very rural America.

I wonder, though, about the costs of this hobby since I need to buy coin wrappers to roll the extras back up, or buy wrappers, tubes, or 2X2s for the finds. Apart from the fun aspect of the hobby, which is considerable, do other folks feel like their finds offset the costs of supplies? I am wondering if I can find enough goodies, which is, of course, unanswerable, except in general. I'm a senior on fixed income...

Thanks for any insights or experiences.

Stay well,
Diy89Nurm7
Bedrock of the Community
ijn1944's Avatar
United States
19159 Posts
 Posted 03/29/2021  5:41 pm  Show Profile   Bookmark this reply Add ijn1944 to your friends list Get a Link to this Reply
Focusing just on coin wrappers/tubes, I get mine from the bank branch I dump my searched coins at. I have an account there and I know the tellers well. After unloading 20 or 30 rolls of cents--for example--I'll politely ask for more wrappers. Sometimes I don't get the chance to ask, they just give me a pile. Without fail, I leave the bank with a nice stash of 50-60+ fresh wrappers. The bank is quite happy, knowing I'll return soon with those wrappers filled. Over the many years, I've never had to buy wrappers. Also, I reuse the wrappers I get when going through customer wrapped rolls--as long as they are in decent condition.
Valued Member
Diy89Nurm7's Avatar
United States
271 Posts
 Posted 03/29/2021  11:04 pm  Show Profile   Bookmark this reply Add Diy89Nurm7 to your friends list Get a Link to this Reply
Thanks, ijn1944. That makes sense. I do try to grab customer wrapped rolls. I got 2 half-dollar rolls recently and was surprised to find 2 silver Kennedy half dollars. My challenge is that my town and area are so small, the bank and credit union frown on my ordering coins and then giving them back....

Stay well,
Diy89Nurm7
Pillar of the Community
fistfulladirt's Avatar
United States
4333 Posts
 Posted 03/30/2021  2:46 pm  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply
I never really kept track of costs because it was just a hobby. I found several thousand silver coins between 2009-2014, which included road trips to banks outside my area. You may want to consider that, I found many banks had no problem giving me a handful or coin wrappers whenever I asked.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
Pillar of the Community
John77's Avatar
United States
2910 Posts
 Posted 03/30/2021  3:30 pm  Show Profile   Check John77's eBay Listings Bookmark this reply Add John77 to your friends list Get a Link to this Reply
One of the drawbacks of living in a small town is your CRH options are limited... no clue how far you are from bigger cities, but if I were in your shoes, I would probably do some road trips.
CRH Nickeloholic. 1,600,000 nickels searched in eight years! Have found FOUR complete Jefferson sets!
Pillar of the Community
Big-Kingdom's Avatar
United States
1667 Posts
 Posted 03/31/2021  4:58 pm  Show Profile   Bookmark this reply Add Big-Kingdom to your friends list Get a Link to this Reply
from my experience, in a big town of course, ideally look for a credit union that has a coin machine in the lobby. make that your dump bank, they always need change for business members and if you have an account it's no fee to use the coin sorter, and no rolling on your part to turn it in, so no costs to search. for my credit union I have to keep $5 in an account, that's it, no fees.

there's no getting around coin collecting supplies though, it's a necessary cost. tubes, 2x2s, flips, it is what it is if you want to protect and organize your collection. I mean you can always toss your interesting finds into empty jars or empty pill bottles and what have you and sort it out and organize down the road when it's financially viable to buy collecting supplies in bulk for the pile you've amassed.

the fact is, for the most part coin collecting isn't an investment situation, or a profit making endeavor. neither is coin roll hunting. It's a just a hobby, and like all hobbies there's costs involved. coin roll hunting is likely the cheapest way to coin collect though, everything is gotten at face value, so even if down the road it's all just worth face value, you haven't lost anything except to inflation. LOL
I fished a while, it was expensive for equipment, lures, heck even live bait. Were the fish I caught a good food budget supplement for the out of pocket costs to catch them? That's doubtful. Could I fish enough to become rich as a commercial fisherman? No chance in hell, but I enjoyed it.

Same thing with coin collecting really. I haven't coin roll hunted since the pandemic started, the coin shortage of 2020, changing bank personnel, my own stress and priorities during this time, it just wasn't feasible to carry on, and if you're a senior on a fixed income, then you know what I mean about robbing peter to pay paul sometimes.
Best to use moderation is all I'm saying, and always play with the disposable income in your hobby of choice regardless of what it is, it shouldn't hurt or cause stress or you're doing it wrong in my opinion.
Hobbies are going to have costs, it's really a matter on if the costs are worth it to you or not. A writer will need pens and papers or a computer and electricity, readers need more books, Hikers need gear and shoes, exercisers need access to equipment and gear, yada yada yada. there's not much cheaper than getting coins at face value, looking through them to keep what you want, and spending them for face value as far as that part goes, but it's figuring how to do it to keep the costs manageable for what you want to spend on doing the hobby that's the trick. I might enjoy a hike, but I'm not Bear Grylls, nor do I earn his salary to hike for a living. LOL.

I've been guilty of going overboard and tying up thousands in coins a time or two and needing to dump them when I should have instead downsized my searching until I found the "no rolling, zero cost" dump I have now. Adding stress to my life, thinking about an 8% fee on thousands of dollars I was going to have to eat, or finding wrappers and banks for hundreds of pounds of coins I put off dealing with dumping, but didn't put off getting and searching more of.....
Keep it manageable, functional, and fun, or it's not a hobby, it's work, and if you are paying to work, that's not a good job!
Valued Member
Diy89Nurm7's Avatar
United States
271 Posts
 Posted 04/01/2021  07:54 am  Show Profile   Bookmark this reply Add Diy89Nurm7 to your friends list Get a Link to this Reply
Thanks to all for the sound advice.

Stay well,
Diy89Nurm7
  Previous TopicReplies: 6 / Views: 2,507Next Topic  

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.36 seconds to rattle this change. Forums