Dimes Vs. Halves

IMHO, people find more in halves. Dimes are easier to get, so they are easier to search. YMMV.

 

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I am wondering if it matters what area you are in? Is it a given that a roll searcher will go through all denominations or could an area have all of it's silver halves pulled out of circulation but dimes or nickels having been left alone?

I'm hesitant to pull funds out of my emergency fund for roll searching but as I am able to I plan to increase my volume in dimes and quarters. boxes of these come in clear plastic wraps in my area so it only takes like 5 minutes to search a whole box!!

 

If you're taking 5 minutes to search those clear-wrapped dime boxes, you're gonna miss a couple here and there, the dirty ones.

I keep pretty accurate numbers on what I pull from boxes, and here's my results as far as dimes v halves;

$109k in halves has produced 94.6886oz of silver for an average profit of about $29.50 per $1k.

$100.5k in dimes has produced 49.4532oz of silver for an average profit of about $16.72 per $1k.

Halves are better by a mile here.

 

I would not worry about pulling money out of your emergency fund. You can turn those coins back into cash at a moments notice and BAAM, you got your emergency fund back. That is the way I feel about it anyway.
HOTN

 

I agree halves are better, a little harder to get for some people but worth the extra work to get your bank to order you a couple boxes. While you wait for the boxes of halves, kill the time with some dimes.
HOTN

 

You numbers of halves vs dimes are very similar, did that just happen by chance? Clearly the halves are the way to go. You've pulled a crap load of silver, good job.
HOTN

 

Box of halves sometimes will yield 10-12 (or more) silvers. I have never found that many silver dimes in a box and you rarely hear anyone finding that many. I find dimes to be more consistent with less skunks compared to halves. I can go through 5-6 boxes of halves and not find any silver but I have never (knock on wood) had that many skunks in a row with dime boxes.

 

yes, but there is leakage. say i'm on a dump run. got $1500. in my pocket and decide to get some mcD's for lunch. bam $6 gone. over and over it could sneak away and it is so spread all over the place, at differnt banks, in my pocket, in the back seat, in the kitchen, bills, nickels, dimes, halves etc. it could dwindle without notice. guess I would have to be more disiplined.

 

I see your point, I tend to keep my CRH money seperate from everything else. If I find 10 halves I'm going to keep I have to raid my regular spending money or my change jar to make it up so I'm back at $1000 or $1500. I like spend clad halves on gas in and around town. Then replace it with FRN's from my paycheck. I keep a detailed spreadsheet too, so I tend to be a little OCD about my finds and what silver I have.
HOTN

 

I always keep my coin money separate. If I have to tap into when my regular pocket money is low, say to order takeout for dinner, I make sure to return the funds to my coin money.

 

I should take inventory and then start doing it like you are.

holy cow, how to you go through as many coins as you do only using 1k? My schedule only allows me to dump on wednesdays. I pick up 2 boxes on friday on my lunch, and run around dumping and looking for scraps on wed. (my day off work) you must be dumping every day.

 

I'd like to start searching some dimes but they're more of a pain for me to dump than halves because I can't bring them in bags to my dump bank like I can the half dollars.

The more you can put toward searching, the better. I see some guys searching 3-5k every week but that becomes cumbersome to dump. The time to go through that many halves is not much all things considered but you have to have a great outlet to dump 5k of coins per week.

 

This was a major issue when I started. Back then, I was pretty broke, barely making $15k a year, so I had to use my credit card for purchases in order to assure I'd have $500 cash for boxes. I eventually dug myself a nice big hole $2k deep in CC Debt with no real way out. Was fortunate enough to stumble on a great job (tripled what I made before) that still gives me one day off during the week every week, and every other weekend off, and that pretty much saved me from bankruptcy. Lesson learned? Either make enough so that the leakage isn't a major issue and don't use CC's, or separate the cash.

I don't use my CC's for everyday purchases any longer. I rarely use them, actually, and my bank account rarely has more than $100 in it. OTOH, I'm usually carrying around a lot of cash or have a lot of change to turn in. If you operate the way I do, a CNC license and a lot of practice with a handgun are definitely mandatory.

I usually cash in 3-4 days a week... Thursday nights, every other Friday, every other Friday Night, and every other weekend, both days. My usual cash on hand/in change is somewhere around $1500 to use doing this.

It is a pain in the _ _ _ to dump so much, but this game is all about volume. The more you can do, the better it is for your overall numbers. This hobby isn't about getting lots of boxes that have one or two silvers, it's about grinding through those boxes until you hit the ones with ten, twenty, fifty, one hundred silvers. Moving through lots of volume is the easiest way to increase your odds of hitting those boxes.

I'm fortunate that I'm in the heart of TD Bank territory here in the Philly burbs. I use 5 or 6 branches as designated dump branches, and the rest to pick up change on Thursday nights, Friday nights, and weekends. So far this year, I'm averaging $4,350 a week searched.

 

Dumping halves for me is actually pretty easy. I'm lucky that I can bring 3k in to a specific bank every 3 days and they're good with it as long as I put it in 1k bags. I tried to use TD bank but the one nearest me fills up halves every 50 bucks and I've heard another is every 100. That takes too much time.

For me, the ideal situation is to search 4-6 boxes of halves per week but have enough cash in play that I could double that if I don't make it to the bank one week but still want to pick up my boxes. I'd love to add dimes to the mix but the dump is the killer for me there.

My kids love going through cents so I usually have a few boxes on hand when they want to do it. All wheats go in one pile and the rest they can do what they want with.

 

This thread has gotten off track a bit...but when you dump $3k in halves does your account get immediately credited or do you have to wait for them to get sent out and counted? TD Banks by me have bags in the counter that fill up at $100 and it would be great to find another bank I can hand a bag to and get instant credit.

 

That would be awesome. PNC has better machines, but I don't use them because they order for me. First Niagara also has great machines, but they let me buy bags right off the machine, so...

Yacorie, once you establish a system with the tellers, you can usually cash in $1k in halves in about 5 minutes... they work the bags, you work the machine.

 

If I can ask a question here, when you "dump" these coins have you rerolled them? or do you put them in these bags loose?

I'm thinking about getting started myself on this roll searching thing, and would like to avoid the hassle of re-rolling them if it's not necessary.

Thank you,

Robert

 

I bag them in canvas or plastic bank bags.

 

For me it depends on where I take them. One branch will hand me the cash or deposit it right into my account on the spot, but the others wait for them to get credited. I go almost exclusively to the one that credits me on the spot.

 

Why won't they take dimes in the plastic bags that you drop off. I can fill with any denomination and even mix halves and dimes in the same bag and drop with BoA. A box of each makes $750 and I just replace anything I take out. $750 is still manageable for the teller to lift/carry to the vault.
HOTN