Small business opportunity for coin hunters?

Discussion in 'Coin Roll Hunting' started by Brent Miller, Jan 13, 2019 at 7:40 PM.

  1. Brent Miller

    Brent Miller New Member

    Hello everyone,

    I just retired from the fire Department and am looking for a small business opportunity. I really want to find something that includes my interest, like looking for valuable coins! I’ve tried to get my foot in the door of the “coinstar” type machines, but that’s proving harder than I thought. Does anyone have any suggestions for a small business that would allow a lot of access to lots of coinage? So far I’ve researched laundry mats and vending machine routes the obvious things like that but seems most modern businesses are trying to get away from coins and into cashless transactions or cards. Thanks for any thoughts or advice you might have!
     
    SlipperySocks likes this.
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  3. cpm9ball

    cpm9ball Cannot Re-Member

    There are also vending routes for gaming machines like pool tables, video games and juke boxes, and many of these still rely on quarter slots. The down side is that you need to have (or provide) the ability to fix these machines when they break down.

    Chris
     
  4. NOS

    NOS Former Coin Hoarder

    Do you need a reliable and consistent income now that you're retired? If you're fully retired, are in decent physical shape, and don't need a regular-type job anymore you can make coin searching a full time job by buying rolls, boxes and bags of coins from banks. Buy them, search them, and return what you don't keep elsewhere from where you bought them.

    Some full-time searchers with the right banking connections go through dozens of boxes a week, for example. You're not likely to get rich but there are good finds to be found out there.
     
  5. Hommer

    Hommer Curator of Semi Precious Coinage Supporter

  6. SlipperySocks

    SlipperySocks Well-Known Member

    Good luck. Hope you find the right thing.
     
  7. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    Maybe a local church will let you count and bag the collection plates/envelopes income and you can exchange bills for the change.
     
  8. -jeffB

    -jeffB Greshams LEO Supporter

    And, from what I've seen reported here, they get an effective dollars-per-hour rate WAY below minimum wage.

    Searching change or rolls can be a great pastime, but it seems like it would be a lousy business.
     
    Dougmeister likes this.
  9. NOS

    NOS Former Coin Hoarder

    Well yes, I know that. Searching through coins doesn't typically pay in the long run and generally shouldn't be relied upon as a money-making endeavor. It's something that should be done more for fun and as a hobby. This is why I asked if he needs a "reliable and consistent income now" and mention if he's "fully retired" and doesn't "need a regular-type job anymore" and stipulate that he's not likely to get rich from doing it (which was edited off from my quote?). It's not yet clear if he actually needs a regular-type income or is looking more to pass the time now.
     
    Last edited: Jan 14, 2019 at 12:51 AM
  10. Brent Miller

    Brent Miller New Member

     
    NOS likes this.
  11. Clawcoins

    Clawcoins Well-Known Member

    Buy Brinks or Loomis. :)

    Congrats on your retirement.
     
  12. Collecting Nut

    Collecting Nut Borderline Hoarder

    Enjoy your retirement, I am.
     
  13. Danigirl

    Danigirl New Member

    Car wash in an older part of your city may still be coin operated and not as much liability or maintenance required as laundry mat.
     
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