Is Coin Roll Hunting Really Worth the Effort?

Look at the lettering. That's the part that is doubled.

 

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Get to know a teller. Their machines kick out the silver stuff, so ask them to put that on the side for you. Last time I went, I got 2 Franklin halves (WHO brings that to the bank??) a silver quarter and a silver certificate.. for face value.

 

Often times the tellers in my credit unions clean out the reject slots when they service the machine(lots of people miss their rejects) and they have to account for them - but then they sell them to me at face value.

 

+not quite, if u look at "in god" you'll see the letters doubled,, check out doubledie.com good site for info

 

look at coppercoins.com, doubleddie.com, and lincolncentresource.com to see some good photos of doubled dies.

 

if you are roll searching while watching tv it's not bad

 

"Worth it" is definitely subjective. I started CRH mostly because I'm a silver bug at heart, but one of the guys at my local coin shop turned me on to sorting pennies for "cheap copper". I like the idea of filling a few boxes of pre-82 cents and just leaving them on the shelf for 20-30 years and see what happens. I'm not a "coin" person per se, so I'm not very good at keeping track of or spotting the the different errors unless they are blatant, but I'm all about stacking copper against the day when the humble penny is pulled from circulation completely and replaced/eliminated as money. Every time I add $.02 to the stack by spending just $.01, it's worth it to me. If something rare or unique comes along as part of the deal, it's all gravy IMHO.

 

I got a call from my bank teller recently, did I want the $1,000 bag of half dollars they had filled up? "Sure, why not." Brought it home -- first time in many years I have done this -- went through all the coins -- they were loose in a 2000-coin heavy plastic bag -- and only found one 40% silver Kennedy, a 1968-D.

My disappointment in that fact was more than alleviated by finding a 1958 Franklin, a 1964 Kennedy, and a nice XF 1941 Walking Liberty half. A type set of half dollars from my first bag!

Kind regards,

George

 

Economically it's not. The coins you are getting are mostly circulated and worn.
For the silver hunters you can sell your halves but considering the time involved in
buying, schlepping, searching, dumping, gas expense, it's not worth it. As soon as banks start charging a small fee per box to buy (there are already fees to dump) they are pricing you out of this game.
Once in a blue moon someone is coming up with a nice old rare date coin, but that work represents millions of coins searched by them, and millions more from others who don't find anything.

 

I disagree on the economics. If you have your banks close to work and home then the gas you spend is negligible. I have this set up going. I only hunt Halves and it is very fun for me, so for the TIME I get the halves and go through them is a fun hobby not a burden. The only TIME that sucks is dumping. That is the only negative for me and I get around it by dumping close to home and work. I have found enough silver hunting halves to reduce my silver cost per ounce significantly. I regularly purchase other silver bullion and the CRH pays off nicely so I will always make a profit. There are other CRH that do halves here that fund their Children's activities and purchasing Gold, EtC.

 

If you figure out how much you are earning per hour, the economics show it is not worth it. As a fun hobby, you can spend your free time any way you want. But this
will never pay any kind of hourly wage.

 

I agree with you Bman. Were I to convert the ROI to a part time job of CRH after all expenses of time and gas I would need a part time job making $30/hr. I know it's different in different parts of the country and I am overly blessed here, to the point sometimes I feel bad sharing my finds. Ive gone through dry spells that really make me question is there a better way. I look at as a side hustle to fund my daughters Volleyball. And to date it's been a positive ROI.

BMann will tell you I use to mix searching banks and CRH, but found that running around to banks was too time consuming and too gas eating, so now I focus on just CRH. I will tell you if you are just getting one box per week, you'll never find anything, because if you hit a skunk run it will take you weeks to get out of it.

Good luck hunting, and never give up!

 

I have not calculated my hourly wage and yes it is nothing near what my work is but at least I have something to show for at a minimal cost. Other hobbies like fishing and golf, both of which I participate in, do not produce anything tangible for the long term and cost a lot.

 

I have a close friend who assists in banking duties in a very small community, and has been for 25+ years. Although, my inquiry being odd to her, she didn’t see why one would be denied a pallet of rolled coinage if one placed an order for the amount requiring one. Does anyone know what amount in dollars that would be in specific denominations? She couldn’t answer that.

 

A *pallet*?! I would love to know what bank would order me an entire pallet of rolled coins.

1) It would have to be a business account... a very LARGE business account
2) It would cost a lot... both to you and to the bank (pretty sure they have to pay for each box they order for you?)

Box of cents: $25
Box of nickels: $100
Box of dimes: $250
Box of quarters: $500
Box of half dollars: $500

And those are just single box prices.

 

A few years ago, I found a 1909 VDB penny. Alas, it wasn't an S. It was still pretty cool. I've pulled some interesting things out of rolls. One box had 74 wheats.

 

Yes. I get 5 rolls of nickels 2 or 3X a week. It's fun to me.