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Replies: 22 / Views: 2,557 |
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Pillar of the Community
United States
819 Posts |
I know there are quite a few roll searchers here. I have tried cents, nickels, dimes (only a few rolls) and halves.
being in Tx I don't expect to find any AM varieties in the cents, no luck in nickels or dimes (found one 1946 in XF) but some luck with halves. Considering the geographic distribution of the cent errors, and other factors; what would be the most profitable time spent searching? Halves? cents? or ?
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Pillar of the Community
United States
2661 Posts |
Halves have been best to me. A few Walkers, Franklin's, and around 60 or so 64 Kennedy's as well as lots and lots of 40% Kennedy's.
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Pillar of the Community
United States
2520 Posts |
Halves can be very good for silver...or very bad. If you have alot of other searchers in the area you can be working against the other peoples dumps. (today I ran into $1500.00 worth of 1990D unc halves in customer wrapped rolls). But I wont give up. I also search nickels. I've had alot of luck with silver War Nickels and Buffalo and also found a few V nickels. (as well as proofs and keydates)
Edited by ratman4762 01/22/2010 8:00 pm
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Valued Member
United States
118 Posts |
i think definitely halves and their easier to go through. I have had success going to lots of banks and asking for halves, loose coins can have gems!
goodluck~
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Pillar of the Community
United States
2661 Posts |
Quote: (today I ran into $1500.00 worth of 1990D unc halves in customer wrapped rolls). I have done that before myself. Picked up $2000 worth at one stop last summer, ended up with less than 10 keepers.
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Moderator
 United States
15389 Posts |
I'm curious ..... what is the reason why coins don't show up in Texas? Quote: being in Tx I don't expect to find any AM varieties in the cents Seems to me that coins freely circulate (after a while) around the entire country.  To your question ...... I ask a question ..... Why are you roll searching in the first place? If you want to find silver .... then I suppose halves. If you want the potential of a valuable variety at low cost .... then I suppose cents (unless you live in Texas  ) If you want the potential of completing a current, circulation strike set from rolls .... then for sure nickels. Soooo ... bottom line ..... ask yourself ..... what is your motivation for doing this? David David
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Pillar of the Community
United States
952 Posts |
halves first, nickeld second imo. halves are tougher to find but easier to go thru and somewhat easy to find 40% coins. I went to 6 banks today and only found $5 total in halves with no keepers, and one of them was sharpeed. But I did ask @ 4 of them if they had anyone who ever orders halves, and they all said no. I am the only one ordering them (from 2 of the banks, both of which have $1000 in halves coming in for me next week). so it depends on who else in your area is looking for them since I know that the 2 banks I ordered from have others who come in and ask for halves. I guess I will find out next week if they are searched well already or not. Nickels are much easier - not as many searching them and def easier to find 40-60 yr old coins on a regular basis if you keep with it. I even found a few buffaloes last week.
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Valued Member
United States
436 Posts |
When banks order halfs do they get them from the mint or do they get customer rolls that are stored off site?
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Pillar of the Community
United States
4333 Posts |
Got to be the dimes. Too much competition here for halves. Last year I searched $25k in dimes and averaged 1 silver per $150 searched, including 15 silver canadians and 15 mercs. The year before I pulled 6 Barber dimes from a 12-box order. Dimes never disappoint. Next would be halves, but then again, too much competition between the tellers and other hunters, boxes are hit and miss.
When I listen to LED ZEPPELIN...so do my neighbors... Roll hunting since '77 Dirt fishing since '72
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Pillar of the Community
United States
2520 Posts |
Quote: Got to be the dimes. Too much competition here for halves. Last year I searched $25k in dimes and averaged 1 silver per $150 searched, That comes out to be 167 silver dimes. (or a shade over 12 ounces of silver). I got over 100 ounces of silver in less than a year searching halves. I hear that out in California that "dimes give it up", but not around here. I do occasionally find a silver dime in a roll, but it sure does take alot of them to amount to anything (if you're looking for silver).
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Pillar of the Community
United States
4333 Posts |
I gotta learn how to reply to a quote here, sorry newbie to this forum. I searched $18k in halves last year and found maybe 10 90's and 130 40%'ers. Halves to me are just boring, way TOO much competition and searching thru dumps....wish it was different, even 3 years ago it was the same way. Dimes just give me more variety, and I'm more of a collector than a hoarder.
When I listen to LED ZEPPELIN...so do my neighbors... Roll hunting since '77 Dirt fishing since '72
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Pillar of the Community
United States
2520 Posts |
Quote: Dimes just give me more variety, and I'm more of a collector than a hoarder. Quote: I guess I just don't understand the nickel search. Then you should be able to understand why we search nickels! Key Dates, semi key dates, silver, Buffalo and Liberty "V" nickels are found.
Edited by ratman4762 01/22/2010 10:15 pm
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Pillar of the Community
United States
952 Posts |
Quote: When banks order halfs do they get them from the mint or do they get customer rolls that are stored off site?
Not sure, perhaps someone else reading can answer this. Both of the banks I use takes abt 2 weeks to get them, so they may actually come from the fed when all is said and done. I do not know if the armored carriers keep a stock of coins or just transport whatever the customer orders from the fed. I would think in some cases they keep a stock as sometimes you can hit the jackpot, esp if you are in a smaller town, which makes it sound as though the coins did not come from the fed, b/c if they all did we would always be searching thru some coins that have already been searched if we order them. Hope this makes some sense.
Edited by mdh157 01/22/2010 10:18 pm
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Valued Member
United States
436 Posts |
Quote: Not sure, perhaps someone else reading can answer this. Both of the banks I use takes abt 2 weeks to get them, so they may actually come from the fed when all is said and done. I do not know if the armored carriers keep a stock of coins or just transport whatever the customer orders from the fed. I would think in some cases they keep a stock as sometimes you can hit the jackpot, esp if you are in a smaller town, which makes it sound as though the coins did not come from the fed, b/c if they all did we would always be searching thru some coins that have already been searched if we order them.
Hope this makes some sense. Yeah it makes sense... All 4 of the banks in town told me they would have to order them.. the 2 credit unions said they never get them... ALL 6 asked if I ran a business in town .. when I said no they asked why I would want so many coins... I told them I collect and they looked dumbfounded ... There is also no coin shop in town but there is a horrible one 1 town over...BUT one of CUs did give me 20 ikes one day. I guess not that many people collect up here so My chances are farily good.. I've just been stockpiling since I moved up here.. not much time to sort through and I lost my loupe in the move. I mainly do 1 cents, and nickels I've almost completed both sets ( LMC and Jeffersons)
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Pillar of the Community
United States
2589 Posts |
Generally the cash handling services (which what most people see are the armoured car side of it) have there own reserves of coin and cash upon which they use to service the various banks. When these reserves run low, they order coin and cash from the Fed. If they feel they have to much coin or cash they deposit it in the Fed. Most cash services (such as brinks) here in the east get their coin from banks that have coin counting machines. With the bad economy more and more coins are being returned to the cash services and less and less ordered from the fed. Since the current coin supply at the fed is sufficent to meet the demand for orders, the mint is recieving less coin orders hence last years lower than normal mintages. -XoG
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Pillar of the Community
 United States
819 Posts |
I noticed a new grocery store (large chain type) now has a FREE coin counter, keeping that in mind of recylcing coins.
last rolls of halves I got from my bank came from the vault, all BU 20000's.
In answer to nickelsearchers question above, my motivation is to find "keepers" of any denomination for future sale, silver, errors that I can sell; all oriented to getting some profit for my time; next would be the "thrill of the hunt" when you find a real goodie.
Sounds like it may be nickels and halves I want to seaqrch. Have never ordered a box of coins, that may be my next step.
I am retired so I have the time to search without being totally consciouos of how my time is spent, this is as much fun as gardening.
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Replies: 22 / Views: 2,557 |