Hey all, I've been on hiatus a few years and getting back into my coins again. I had been doing some lightweight CRH mostly to fill my penny folders. I'm considering going a bit harder at it and hitting the bank once a month or something. Anyway what's everyone's opinion about the state of coin roll hunting at this point? Is it still worth any effort - I do enjoy it to some extent but just like teasing your dog with a treat or toy but never giving it to them - striking out constantly will get tiresome. I wish I had the extra funds to get a box of halves or something like that but I can't tie up that much at a time. I could probably do $100 worth of something. SO - that leads me to the 2nd part of my question, how do you all approach your bank of choice when getting started. It feels a tad daunting to walk in and say "hey I want a bunch of rolls of coins" IDK - maybe that's my social anxiety talking. Excited to find some cool stuff if it's still out there!!
Thanks ya I did poke around a bit - but what with the coin shortage and stuff I wasn't sure what things were looking like going into the new year.
The coin "shortage" or alleged shortage has presented challenges, but when the going gets tough you up your game and find new ways. I have some institutions that will not sell coin to non-business customers, but I have others calling me to come buy their coin because they don't want to deal with shipping it to their main distribution hub. One key factor is talking to tellers - establish that you are trying to accomplish a task but without causing them burden. I have tellers setting aside all unusual stuff and coin machine rejects and calling me to buy them so they don't have to deal with counting them and keeping them in their teller drawers. The teller that sold me these a few weeks back was just happy to get rid of this $17 worth of halves because she didn't like having to keep track of them and count them over and over. She was happy when I bought them, and when I brought her a treat for saving them for me.
The bank around where I live when my sell coins unless you a business. I’d love to have a box of half dollar told to look through.
I have been CRHing throughout covid, and I've come across plenty of exciting things. Now, my definition on what is exciting may be different than what yours is, but I look for a number of different errors when I search rolls. Whether I keep some of the minor stuff or not depends on if I have one in the collection/if I want another or not if I already have one. I think it is worth getting some rolls or a box (if you can), as you never know what you'll come across, regardless of the time in the year. The deal with most banks in my area is if I can bring in the equal amount of coin I'd be buying, they'll accommodate. This way, they aren't losing anything, and I get what I want. It's an even-exchange type of deal.
Thanks for the input guys - I rarely set foot in a bank these days. My paycheck is direct deposit and I pay most of my bills online, I rarely write checks, so honestly I hardly ever talk to a teller. So that's gonna be my first step, haha. Silver would be my prime goal but I can't afford to tie up boxes of halves. Grabbing wheaties and perhaps some varieties/errors might be fun too. Side note - I notice that nobody seems to search dimes, is there nothing worth finding there? I know there's silver in older dimes but that's a rare find, I have 1 pulled from circulation a couple years ago but that's it.
CRH events can be enjoyable or burdensome relative to the expectations that are set. Hunting silver and LWCs might bring frustration if you expect significant quantities of either. Those with broader interests tend to be less frustrated. More likely to find something if the spectrum you create is fuller. And on that point, a wide spectrum could prove problematic in tying up funds. Setting an appropriate list to hunt will temper expectations and disappointment. And in an age of Covid and shortages a broader list might slow things down and be more appropriate. Good luck on the hunt!
I haven't researched this yet but I've also heard there's a new regulation that anytime you move $600 or more into or out of an account it gets flagged and reported to the IRS. I won't get into my opinions on this, and I'm not likely to tie up that much in coin rolls anyway but I wonder how other people view this - is it a hindrance to CRH?
my opinion, no. Money in/money out/money in isn't a problem, your reported income is what it is, mystery money showing up that's clearly unreported income come tax time is what they are looking for, the off the books side gigs in cash that go unreported. and that was a proposal, I don't think congress actually passed it as it was (not sure). I do know it would apply to like Venmo, Cashapp, Zelle, Paypal and the likes, mobile payment apps, to catch people that are operating a business without being a business or reporting the income. but I don't think it applies to banks. I think banks are sitting with the $10K limit as was before, BUT there is more IRS enforcement ability granted to that. looking for off the books wire transfers and things from foreign accounts. Not really sure, but I don't think it passed as it was and this is how it's going to work instead.
The new quarters start shipping today, with women on the reverse and George looking the other way on the obverse. You could start putting away some MS samples at face value if that catches your fancy.
I can’t wait to start searching the 2022 shields and find the first doubled die hopefully for a listing on wexlers.
