For you guys that seriously look for silver (meaning by the box or bag) how much money do you keep tied up in coin at any given time? I know CRH is practically free provided you find a reliable dump bank, but getting multiple boxes of multiple denominations still takes hundreds or thousands of dollars out of the checking account and into a hobby. So, what is the average amount of money do you have at any given time tied up in coinage? My $40-$50 isn't cutting it for finding much silver.
My cap is $250. I bought a box of dimes and realized that even though I want to eventually buy halves, a finite amount of financial resources is preventing me from doing so. Therefore, buying a few rolls of halves every so often and taking what I can get scratches the silver itch
I currently have $1500 in half/dime seaching fund. And around $600 in penny seaching fund. Although penny fund is kind a revolving door, I occasionally sell some copper to replenish my funds.
I've got at least $2k at all times. I search a lot of half boxes so it still doesn't go extremely far. when I dump my coins at the end of the week I deposit the extra money I have that's over $2k into my account
I've got about $2,000 for dimes and quarters and about $800 in pennies. This turns over about monthly.
I have about $500 tied up at any one time. I typically search 2 $250 boxes and 3 $500 bags of dimes per week.
When you say tied up. I get a little confused. I would only say money is tied up, for coin I hold. So for pennies it's the worst. You find 25% of your money is no longer available each week. Whereas with halfs, dimes, you are getting probably 99% or more back. How much money do I use to coin roll hunt? Enough to buy a couple boxes of nickels and halfs each week.
I keep about $1.2 Million in halves and dimes. I think my house is about the fall down! Just playing , I don't search silver. I pick up and drop off about $100 worth of pennies each month. I sort each coin and look for about 40 different varieties, so $100 lasts all month.
Wow that must be timely. I used to do that a couple years ago. I'd sort the pennies into buckets; all copper, '83, '84, '95, '98-00. Then I gave up on error and variety hunting. I miss looking for the 1984 and 1995 ddo's. Have you found many? ~JobIII
Haven't found any 84's or 95's. I've found 98-99-00 WAMS, 94 DDR's (Columns), 83 DDO, 88 w/89 reverse, and a 1960 doubled date.
Wow. I'm really jealous of you. I never found a single '83 DDR. I would have liked to find one of those. I did find an '84 and 2 '95 DDO's. I found a lot of WAM's (no '99s) not sure if they'll really become all that valuable though. Now I'll probably just trade copper, wheats or silver for these coins.
