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 Replies: 29 / Views: 5,593 |
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Valued Member
United States
230 Posts |
I am continually reading posts and posters who have pretty much given up or scaled way back on their hunting because they are getting zero or minimal results.
One year ago, a 50 cent box used to average at least 1 piece of silver a box. Today, you have to search 5 boxes on average to find one piece of silver. Sometimes 5 boxes won't even yield one silver coin.
The drying up is happening in real time for smaller coins. I have noticed it and I know others have as well, on a weekly basis dimes there are fewer finds. month to month, week to week, I find less and less and its discouraging.
what do you guys think?
I came late to the hunt, but people that have done this for 10 years or longer must have one hundred grand of silver or more.
Today you are going to pay more in lost change esp when the counting machines miscount, and gas than you are going to get back in silver value.
Any huge success stories out there? Who has done this for a decade and has a mountain of silver they are sitting on? Is it still worth doing with minimal returns compared to what you used to get?
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Valued Member
 United States
230 Posts |
My own experience. I searched ten boxes in the last 30 days, found 6 silver halves, I got LUCKY! 5 40% one 90%. The silver came from a bank that had a old forgotten box sitting in the vault. If it wasn't for that old forgotten box 9 boxes would have had yielded zero. My friend searched 5 boxes- he didn't find one silver coin. It seems the new boxes are almost always skunks. If you get lucky, almost lotto lucky you will find an old box, or an old timer going in and depositing his old coins. Talking of old timers going in broke and dying, I wouldn't steal their silver. You hear of these tellers that take the silver coins and keep it for their boyfriends or kids. They know they are worth much more than face value but they won't tell the old people that were forced to cash in their coins that they saved for 30 years just so they could eat! I understand the old timers ignorance and lack of internet access is why they don't know what their silver is worth, but if you do- wouldn't you tell them to sell it on ebay for a nice payday rather than pay them face value while they are one step closer to becoming destitute? Disgusting. |
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Valued Member
United States
277 Posts |
I just started roll searching in the last year and my best was a box of nickels and I found 4 silver War Nickels. I have went through 5 boxes of halves and got 1 40%, atleast 10 boxes of quarters with only 2 silvers, and probably 6 to 10 boxes of dimes with 9 silver. |
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Pillar of the Community
United States
3345 Posts |
Im doing good with nickels, find 2-3 silver a box, but my main hunt is Buffalos. Yes, it has dried up alot, but thats what makes finding some sooooo awesome!
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Pillar of the Community
United States
1064 Posts |
Quote:
Talking of old timers going in broke and dying What exactly is your definition of 'old timers'? I hope my kids don't take my silver to the bank... |
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Pillar of the Community
United States
3184 Posts |
I think its getting harder and harder
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Pillar of the Community
United States
2661 Posts |
Well to start with 3rd parties such as String & Son and Brinks probably do not practice FIFO (First In, First Out)
inventory rotation since coins do not spoil. So, we roll hunters that get boxes are searching and researching someone else rejects with a splash of customer returns thrown in. I gave up boxes 2 years ago and went solely with CW halves, had fantastic luck with them. Now they are even very hard to find.
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Pillar of the Community
United States
3345 Posts |
Found another silver nickel rollsearching!-for the record it was rolled by N.F. String & Son in Harrisburg, PA
hah! They're still out there!
Edited by rachums107
05/12/2011 8:10 pm
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Pillar of the Community
United States
849 Posts |
i mainly do CW halves and I have got 7 silver wartime nickels in 2 boxes including a nice looking nickel.
Sometimes you get lucky. Most of the time its just clads though
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Pillar of the Community
United States
3345 Posts |
I think this is going to be the kind of thread where people post silver finds because they ARE so rare!
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Pillar of the Community
967 Posts |
Three or four years ago I started looking through boxes of half dollars. It was not unusual to find at least a couple of rolls of silver per box. I would even find up to two hundred per box. These were through Brinks. They eventually dried up and I switch to the flat fed boxes and also had good results. They too eventually dried up. Now I would be lucky to find one silver half in probably ten boxes. I quit looking several months ago. Occasionally a teller will tell me that they have some halves that they want out of the vault. I will usually take them just to free up their vault space. Still no silver . |
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Valued Member
United States
364 Posts |
Halves are pretty much useless to search now, unless you are retired or have an easy dump point for tons of unwanted coins. I do well with dimes and even quarters, to a point, but I pull from high-crime ethnic area banks. The people that live in cities like that spend anything that comes through their hands. That translates into finds.
An analogy is that the silver pools haven't run dry, but you have to look for them like searching for oases in the desert.
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Pillar of the Community
United States
2541 Posts |
I have pretty much given up on half boxes. Too much effort at this point.
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Pillar of the Community
United States
508 Posts |
Am I the only one having luck lately with boxes of halves? o.O
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Valued Member
United States
230 Posts |
Deltron, looks that way.
Most people I know have to go through six boxes of halves to find one or two silver coins.
Thats 3grand in coins before they find one or two 40percent half dollars.
Whats the average rate of finding silver in half boxes now? From the people I know, and the posters that I read (not only on this board but other boards as well) it seems to be one silver piece per 5 boxes of coins.
When I read of people finding 10 or 20 every other box I have to wonder if they are lying- not saying you are- but I wonder about others.
Still looking, I can't even begin to think about the glory days- two hundred silver coins in a box! thats two grand in silver value! People who were doing this 5 years ago must be sitting on 100 grand or more of silver.
Going through and dumping 5 boxes for one coin thats worth 7 bucks gets difficult. Coin counting machines seem seem to eat a half coin or two pretty frequently.
Not saying there isn't any silver out there- its just a lot of work to find. It takes an entire day to go through 5 boxes of rolled half dollars.
By old timers I mean the old man who goes into the bank with a roll of silver coins to exchange for cash. The old timer doesn't know he is sitting on something that is so valuable, but if the teller knows and doesn't bother to tell him I say thats dirty. And if they then proceed to take the silver for themselves thats even worse. The old timer wouldn't be exchanging their old coins if they weren't facing hard times- so it hurts even more to hear about stories like this- but I have heard them.
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Valued Member
United States
50 Posts |
I had a bunch of rolls of quarters and dimes makes me sick to my stomach to think they might of been rolls of silver dimes and quarters that my mother gave me in the early 2000s that she had for 15 years. I was such a stupid young teenager to turn in all those rolls of dimes and quarters......
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Replies: 29 / Views: 5,593 |
Posted 05/12/2011 3:51 pm
