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Bulk $500 Half Dollar Boxes still worth the effort?
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<p>[QUOTE="Fifty, post: 1047756, member: 24555"]It can be <a href="http://www.cointalk.com/t109004/" class="internalLink ProxyLink" data-proxy-href="http://www.cointalk.com/t109004/">http://www.cointalk.com/t109004/</a> but it's like hitting it big in a scratch off ticket, it happens but not very often and probably not to you. I gave up a few months ago after doing six boxes with nothing. I working on my own home grown $1000 face bag that I can sell. I've got about $940 so I'm pretty close. I don't need another big score just a few small ones. The hardest part for me was the turn in. I hated dumping the coins back because no one wants them. I rotated between three branches of my credit union and a bank my wife uses. It's alot of work. I sometimes had over $6k tied up. I have spent over $200 on supplies to get the coins I have. This is counting wrappers, gas, a hand truck (yes $6k weighs about 300 lbs). I spent hours putting together a spreadsheet tracking my costs and break even points. You also have to carry the security risk with a large amount of money that is heavy. I carried a firearm most of the time but this is legal where I live with the proper permits. Suppose you get lucky and find alot then what will you do? I spent many hours researching dealers and prices and finally found a place that will buy from me at a fair price, but I must ship to the registered mail, which is another cost. I"m not trying to discourage anyone I just think that if you're not playing with a large bankroll and a large amout of time it's going to cost you more in the long run that it's worth. Most would probably be better of just asking for whatever their bank has on hand when they happen to drop by.[/QUOTE]</p><p><br /></p>
[QUOTE="Fifty, post: 1047756, member: 24555"]It can be [URL]http://www.cointalk.com/t109004/[/URL] but it's like hitting it big in a scratch off ticket, it happens but not very often and probably not to you. I gave up a few months ago after doing six boxes with nothing. I working on my own home grown $1000 face bag that I can sell. I've got about $940 so I'm pretty close. I don't need another big score just a few small ones. The hardest part for me was the turn in. I hated dumping the coins back because no one wants them. I rotated between three branches of my credit union and a bank my wife uses. It's alot of work. I sometimes had over $6k tied up. I have spent over $200 on supplies to get the coins I have. This is counting wrappers, gas, a hand truck (yes $6k weighs about 300 lbs). I spent hours putting together a spreadsheet tracking my costs and break even points. You also have to carry the security risk with a large amount of money that is heavy. I carried a firearm most of the time but this is legal where I live with the proper permits. Suppose you get lucky and find alot then what will you do? I spent many hours researching dealers and prices and finally found a place that will buy from me at a fair price, but I must ship to the registered mail, which is another cost. I"m not trying to discourage anyone I just think that if you're not playing with a large bankroll and a large amout of time it's going to cost you more in the long run that it's worth. Most would probably be better of just asking for whatever their bank has on hand when they happen to drop by.[/QUOTE]
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Bulk $500 Half Dollar Boxes still worth the effort?
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