Beginers Explanations For Coin Roll Hunting!!!

1.ok here is a full length explanation. first off, it is very helpful to go to a bank that you have an account with or know the teller, they are much happier that way. second, a roll of cents is 50 cents, nickels is $2, dimes is $5, quarters and halves are $10. 2. CENTS-cents are really great. very innexpensive and a full box ( 50 rolls) is only 25 bucks. with cents save all wheaties(pre 1959) and anything else you think is interesting. wheats can be found sometimes every roll or every couple rolls depending on your luck. keep a watch out for errors! i've even heard people can find indian head cents if you go through lots of cents or if you are extremely lucky, but don't count on it. some people take their coins to a coin counter or sorter at a bank (or coinstar but that charges) to get rid of the change. most people just reroll their coins in rolls and put a black line on them with a sharpie to ensure that they don't check the same rolls again a few days or weeks later. save all cents minted on 1982 and earlier, these are made of mostly copper and for the metal value can be worth 2 cents or more a piece!

1. nickles- nickels are also fun to try. most people save all pre 1960 nickels, but some people save anything before 1956. keep an eye out for buffalos because they are still being found! nickels are large, not that expensive and very fun to search even though the profit is generally not the greatest. if you like errors look out for the speared bison on the 2005 bison nickel. they can be worth a good chunk of money. save all 1942-1945 nickels, they are war time nickels from world war 2 and are made of 35% silver. mintmark is on the reverse above the building.
2. dimes- if no halfs are available and you want silver try dimes. dimes produce more silver than quarters but less than halfs. keep an eye out for silver dimes (pre 1965) and mercs. dimes can be alot of fun and if you get a merc i here it is quite thrilling. in my experince i've seen people get about 1 silver dime for every ~20 rolls. halfs are still much better.
3. QUARTERS- you can try doing quarters. quarters however prduce the least out of any other coin denomination(anything pre 1965). if you do collect errors though, do quarters and keep an eye out for rotated state quarters.
4. halves- first go into a bank and ask if they have any half dollars, they will usually say either no, or they will say we have a couple dollars in loose halves (halves in their coin tray) or they might also say they have a bunch in the valut. tell them you will buy them all. they will either give you rolls of halves or loose ones, buy them all. when searching in halves, look for anything dated pre 1971, (those are silver) 1965-1970 are 40% silver and everything before that is 90% silver. keep an eye out for franklins, walkers, and any other non kennedy halves. also look for anything with an S mintmark, proof coins can be very lucrative. half dollars produce the most finds or keepers as some people like to call them. if they run out of halves at the banks try ordering a box, its $500 (1,000 halves) and contains 50 rolls. you can get very lucky with boxes or you could get skunkes. either way they are alot of fun. most tellers at banks will have many rolls of quarters, dimes, nickels, and cents. save all 1987 P and D half dollars. they were only made for mint sets. also, all half dollars dated after 2001 were not made for circulation and are worth keeping.
5. some banks will give you red coin rolls if you have an acount with them. otherwise, people usually buy theirs at wal mart or online. they cost around 5 for a cent at the most. unless you get the pre crimpled ones. you might want to try searching through the smaller dollar coins too. think, if people break open proof sets to spend the halves they must spend the dollars too. coin roll hunting is also a great way to fill up coin folders for collection!
6. always ask for large size dollar coins! alot of people find ikes still. some people even find peace dollars and morgans! also keep an eye out for old bills. look for the 1974 double die halves!
7. when searching dimes only check the rims, it is much faster and keep a close look for dirty silver rims. when searching all other coins check dates also. many errors and varieties are still in circulation! proofs- although proofs have a larger rim(usually if un worn) it is still better to check the dates on all coins and not just the rimswhen searching half dollars. many proofs can be found in BU condition that can be worth good money. coin roll hunting can be lots of fun and yeild a large profit, but don't get discoarged, one time in a box someone found 3 walkers and a franklinin the very last roll, they never gave up. true story, trust me. i hope this little description helps! have fun and i highly reccomend it. questions or comments just PM me. good luck and happy hunting!

 

Log in or Sign up to hide this ad.

That's a pretty good post but you said 1 silver dime for every 20 rolls, that is amazing luck. Silver dimes and quarters are nearly impossible to find and I'd say stay clear of those rolls unless you're trying to fill albums or you have something against silver halves because it's way too hard. I'm too shy to buy tons of rolls at at time but I'd say pennies and halves are your best bet for finding anything.

 

If you are going to save pre 1982 cents because they are worth 2 cents or more you may also want to save all the nickels as well. All modern nickels have 7 cents worth of copper and nickel in them.

 

True but the profit margin is greater with cents than nickels.

$20 in copper cents would be worth $40 melt,

while $20 in nickels would be worth $28 melt.

 

I've been through 4 boxes of cents in the past week. I found 37 wheats including a 1919s! I've found every cent from 1956 to 2006, except 1962 plain. Some one wanna trade some pennys for a 62p?

 

melt?

Where would you go to melt them? And what does it cost?

 

Long post and one really major error. Banks are NOT HAPPY with people that just want rolls, bags or anything in coins to just look through, then bring back. If you think you make them happy even saying that, check with Bank of America or Chase. Both in this area have stopped accepting coinage from people without a buisness that uses coins. Also, they no longer order any coins for people that do not have a buisness using coins.
Bank of America now instituted a policy that if you even have an account with them, any coins you bring in will be bagged and sent out for counting. The amount will be entered into your account minus the charge for that service.
If they have a coin counting machine and if breaks down, it will be discarded. And only to be used for people with accounts that require coin for thier buisness.
Posts like this one to tell people to just go to a banks and demand coins for thier hobbies is causing this reaction.

 

You bring up Bank of America and Chase, both large, nationwide banks, and what you say may certainly apply to them, but my small, local bank has never given me any such hassle. Perhaps not all banks are happy about doing such things for their customers, but it is certainly not as though all banks are unhappy about this, as you suggest.

 

I agree. I'm the customer, and whether or not I want my cash in coins or bills is my business, and whether or not I wish to deposit coins or bills is my business.

 

Pretty common knowledge but you might want to read up on it...

Mint: Don't melt money

Government threatens prison for violators; at current prices the metal value of the coins may exceed their face values.

 

When exactly did the US Mint get legislative powers?

 

That taxpayer BS by the mint is just that-BS. There are probably more cents being destroyed by elongated souvenire machines(on Federal property!) than there are being destroyed for melt value.

 

When it was bestowed upon them by poor journalistic coverage perhaps.

 

Good question.

 

LOL

However, it would be nice if you could find a link to the actual law passed by Congress as I do think it really is illegal.

 

Seems at best to be a 'regulation' or rule to deter most would be melters of coins.

Here's more from Coinflation.

 

You know there's no steadfast "law" about this, but typical ambiguous wording to deter the melting of coins for their metal value, but here's some more background on how the "ban" has been batted back-n-forth.

 

This sounds like fun. I've never done it before. Guess I'm headed to the bank first thing in the morning!:goofer:

 

I know, I am just being a pain.

 

It's all good.