Hello I currently work at a bank as a teller and I just recently began collecting coins. It started when I bought 10 dollars worth of worn quarters dated from 1928-1964. I took them to the local jeweler and he bought them off me for a good profit. I am just now realizing the chance I have by looking through all the money I come across. I know the silver in the pre-64 coins but dont have an idea on what else I should be looking for. Just yesterday I went through my quarter rolls and found 2 1953 quarters. I would love some advice on what to look for and where I could possibly sell them.
There are two books you should buy, first is the redbook, and second is the cherrypickers guide. Also you should invest money in a loupe. http://www.amazon.com/Cherrypickers-Guide-Bill-Fivas/dp/0794822851 http://www.amazon.com/Cherrypickers-Guide-Varieties-United-States/dp/0794820530 http://www.amazon.com/2012-Guide-United-States-Coins/dp/0794833500
Be very careful about buying out the silvers. Especially if you just started working there. some things I would look for is 1) uncirculated coins and bills 2) star notes 3) Seniors depositing rolls of coins You also have the potential to order boxes of half dollars. Most banks wont do that for free anymore. If I worked at a bank I would probably be hired and fired the same day. I would buy a copper penny sorter(ryedale) and order myself many many boxes of pennies every week.
Thanks for the advice, I will look into buying those books. I have worked their for a couple years now and it was actually at my managers advice that I bought the quarters, she told me they could be worth something. I am allowed to buy coins or dollars that I come across. I cant order special boxes of coins just to look through them though and I wont. I now go through the rolls of quarters people turn in. I havent ventured into dimes, nickles or pennys though. You mention copper pennies, what pennys are copper and what is the worth? I appreciate the replies.
You should look through dimes too, if you have the opportunity, and halves, but I imagine you wouldn't come across those too often. As for copper pennies, theoretically they're worth about twice face value. However, the thing is, it's not legal to melt them....yet. So unless you're going to sell them on Ebay, I doubt any dealer would be interested in paying more than face. I'm not saying you shouldn't save your copper pennies, I do, just that picking a great deal out of the bank coins wouldn't really be the best use of your time. Copper pennies are still common and very easy to get. I'd save your time to look for silver and other rare coins.
Thanks for the advice. I actually come across quite alot of halves. I think right now we have about 2-300 dollars worth. We also have quite a few Eisenhower dollars but nothing worth much, I checked.
Definitely look out for the 65+ crowd. I had an older lady pay her copay (I worked at a hospital) entirely with Peace and Morgan dollars (~$48).
That makes me sad actually, that our elderly are so hard up for money that they're using their old coins (possibly from a deceased spouse's collection) to pay their bills, not realizing how much over face value they're worth.
Wheat cents also get a small size us paper money book! If you ever see currency with a number in the black seal, definitely get it. There are many other things to look for with the currency as well! Old money with estate can have a nice premium. Very low number, three digits or less can be worth some money especially in almost uncirculated condition. I could go on and on.
I'm not that heartless. I told her they were worth quite a bit more than what she was paying. She was in a bind. In addition to paying her copay for her, I gave her all the cash in my wallet which was only around $35. In the lot was 4 1921 Peace dollars, as well as a Carson City and a Small "O" variety on the Morgan.
Oh, I'm sorry, I didn't mean you were heartless or anything. It was more a comment about the seemingly high influx of those type of coins lately, and where I suspect they come from.
