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 Replies: 11 / Views: 2,499 |
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Valued Member
United States
147 Posts |
I read about "buying bank boxes" in this forum.
What is this all about?
You buy from any bank ?
Can it be worthwhile ?
Semi retired and have time on my hands.
Thanks in advance for all you helpful members, from a new member. Edited by adco1149
08/30/2009 8:11 pm
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Pillar of the Community
United States
532 Posts |
Yes it can be worthwhile. You might have to search through quite a few coins to find keepers but many of us still find goodies. Some are astounding. Those rare finds can make it quite exiting.
I first did it for the pricing. You spent 50.00 on a couple of boxes of pennies, then search and return...you then get your money back. Very budget minded collecting.
But soon I realized how therapeutic it is to relax and enjoy the coins. I don't expect to find the gems in every lot. But there always seems to be SOMETHING I find. Oddballs and curious coins that you can add to your collection. Over time and volume you begin to get very familiar with subtle differences so it is not as tedious as it sounds. You don't sit and try to burn through 2500 coins in one sitting. You just search a dozen rolls at a time setting anything that looks odd into a separate stack. Then go in depth on those and refine odd from common.
Each person has a different style and method. Give it a shot.
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Pillar of the Community
United States
2520 Posts |
 Take a look at this post of 107 pages. https://goccf.com/t/22710 half dollars are what I mainly search. There are alot of silver Kennedys found, quite a few Franklins and some Walkers found! Once in awhile a Barber is found! I do search all sorts of rolls when halves are hard to find. You can usually get halves from any bank that has them on hand (Banks are glad to get rid of them). Getting a bank to order you boxes of them might be hard. Some people can get them easily...others have a hard time. It helps to have accounts at a couple different banks because you don't want to "dump" them at the bank that orders them for you. I dump mine at a bank that has several branches. Others search cents, nickels and dimes regularly. My eyesight isn't what it used to be. I find that the larger coins are easier on my eyes. Go for it and have some fun! You can't lose! Everything you find will always be worth at least face value! In the last 7 months I've found 11 rolls of 40%, 1 1/2 rolls of 90% and 9 Franklins as well as several proofs (including a 1999S silver proof) and around 4 rolls of the lower mintage NIFC (2002-2008). |
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Valued Member
United States
323 Posts |
you can buy a box of coins from pretty much any bank if they have them on hand, a penny box comes with 50 rolls and is 25$ , nickels are 100 dollars 50 rolls,
dimes are 250$ 50 rolls, and quarters and halves are 500$ dollars 50 rolls people like to search for pre 65 silver and errors
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Pillar of the Community
United States
2589 Posts |
I would say that most people on the forum are generally satisfied when searching cents, nickels, and halves.
Dimes and Quarters can still produce finds, but generally much more patience is needed with them to find anything interesting. If your looking to make some money off of coin roll hunting, I would suggest half dollars and then pennies. Half dollars produce the most silver, and if you have the patience looking through cents can produce rare varieties that can be worth quite a bit of dough as well.
Happy Hunting,
-XoG
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Valued Member
 United States
147 Posts |
Wow, thanks to all.
Sounds like Ratman has had his share of luck.
I'll have to give it a try.
On the half dollars, it seems like most banks wouldn't have alot around, they aren't in use much.
You just ask for circulated half dollars by the box , and are the coins in rolls already or loose?
Again thanks for the input.
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Pillar of the Community
United States
2541 Posts |
adco - you will probably have to order a $500 box, since most banks don't order them on a regular basis. It's a decent chunk of money to pony up, but since you aren't actually spending it, it's ok!
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Valued Member
United States
147 Posts |
So Gothic, I ask to order a box, and it will be rolls of circulated halfs?
The banks don't have time or equipment to look for silver? Amazing.
Then return them in the box or by the roll as you search?
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Pillar of the Community
United States
3294 Posts |
It will almost certainly be circulated halves that you get. Banks don't really care about silver (although some bank employees might keep those that they find). If there is a bank that has a coin counting machine, just take the tub that you put all the searched halves and have the bank give you cash for those. It is a great idea to have this bank be a different bank then the one where you get the box to search.
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Pillar of the Community
United States
2541 Posts |
You are correct adco. Then the cycle repeats itself and you get horribly addicted to roll searching!
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Pillar of the Community
United States
1571 Posts |
In addition to the advice you have been given above, you might cionsider jioning coppercoins.com, for their very extensive data base of varieties. It is one of the largest, and most complete. If you tend to collect varieties, in cents, then you will find your "new home" there!
Dick
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Valued Member
United States
79 Posts |
Some vending machine companies, like those with pool tables, juke boxes and so on, may welcome buyers of rolls or bags of loose change. Be prepared to pay in cash. A personal visit may be better than calling. A good relationship may result in dumping there also. Or maybe just wrapping.
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Replies: 11 / Views: 2,499 |
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Posted 08/30/2009 8:33 pm
