Success rate?

Discussion in 'Coin Roll Hunting' started by Riker, Apr 21, 2018.

  1. Riker

    Riker New Member

    I would like to know the general success rate of finding a valued coin when getting rolls from a bank or other sources?

    This is probably a common question but I have not been able to find content on it. I realize that what I am looking for and the area effect success rate, but if I could get a general estimate I would be grateful.

    I am thing about starting with 90%, 40%, and 35% silver:
    Nickels 42-45
    Dimes 46-64
    Quarters 32-64
    Half dollars 64-70, bank doesn’t carry these?

    Thanks in advance
    Riker in Arizona
     
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  3. spirityoda

    spirityoda Coin Junky Supporter

    it's so random there's no perfect way to know. the key is searching many many many many many coins...boxes and boxes and boxes...
     
  4. Dave363

    Dave363 Supporter! Supporter

    Welcome to Cointalk

    Search search search and then search more and some more. Lol
    Dave
     
  5. spirityoda

    spirityoda Coin Junky Supporter

    I was finding 1-2 silver dimes in $250 dime boxes.
     
  6. V. Kurt Bellman

    V. Kurt Bellman Guardian of The Farce, & Dead-Eye Master

    Not that I get boxes of coins, but the success rates are close enough to zero in ALL cases to have convinced me it's not worth doing.
     
    Kentucky, wxcoin, *coins and 2 others like this.
  7. furryfrog02

    furryfrog02 Well-Known Member

    If you define success by profit vs time spent then I would define the success rate as near zero. If you define it by having something to do to kill time that you enjoy and occasionally find something cool...then I would say it is near 100%.
     
  8. V. Kurt Bellman

    V. Kurt Bellman Guardian of The Farce, & Dead-Eye Master

    I cannot imagine NOT having something, almost anything, more productive to do.
     
    *coins, PlanoSteve and imrich like this.
  9. furryfrog02

    furryfrog02 Well-Known Member

    Eh, sorting through a box is my zen at the end of the day :)
     
  10. Richard gladfelter

    Richard gladfelter Active Member

    I asked a similar question and I've found that this is not a for profit thing per se,but something that is enjoyed and an all together learning experience. But it is nice finding something that has value.
     
    nickelsorter2017 and Evan8 like this.
  11. nuMRmatist

    nuMRmatist Active Member

    The 'success rate' of some in the 'post results' thread is FAR in excess of what's necessary to rent space and open a shop ... PROFITABLY.


    It's one thing to perhaps have doubts about somes' posted results, but to make such a blanket statement is not understandable here. ???
     
  12. furryfrog02

    furryfrog02 Well-Known Member

    Not sure who are you are watching on there. Some people do well but not nearly enough to make a sustained profit.
     
  13. Evan8

    Evan8 Old Soul

    Pretty much this. It's something you enjoy doing for something you would enjoy to keep.

    Unless you find a 1969 S ddo cent there really isnt a whole lot of profits to be made. And I think you have a better chance at winning the lotto than you do at finding one of those.
     
  14. Richard gladfelter

    Richard gladfelter Active Member

    Finding something worth value and selling said thing is a different story.
     
  15. spirityoda

    spirityoda Coin Junky Supporter

    ask @furryfrog02 how many boxes/rolls he has searched so far in his lifetime. you will be amazed and shocked as I was/am.
     
  16. furryfrog02

    furryfrog02 Well-Known Member

    I'm sitting somewhere close to 600 boxes of cents, hundreds of boxes of nickels and dimes, and several hundred thousand dollars worth of halves. Not sure how many quarters and small dollars I have searched. haha. :wacky:
     
    nickelsorter2017 and spirityoda like this.
  17. V. Kurt Bellman

    V. Kurt Bellman Guardian of The Farce, & Dead-Eye Master

    You should put some kind of mark on the rolls and boxes you've done, so people don't waste time searching them again. :D

    I've been a collector for over 55 years and I've NEVER searched rolls, per se. Not stuff from the banking system. I do buy solid BU rolls when I can get them.
     
  18. furryfrog02

    furryfrog02 Well-Known Member

    All the stuff I go through is dumped back through coin counting machines. My banks don't accept rolled stuff back (at least not in the quantity that I search haha)

    I know there isn't much return on investment but it's still fun for me. I managed to snag 2 full rolls of silver Kennedy's from the bank this morning while on routine business. 1 full roll of 64p and a roll of 40%ers.
     
  19. V. Kurt Bellman

    V. Kurt Bellman Guardian of The Farce, & Dead-Eye Master

    Where I live no one could do that. The only bank that has coin counting machines has two limitations - depositors only, and a MAXIMUM of $25 per day. Otherwise, they charge a 5% premium to count coins. Imagine. Take in $100 in coin and EVEN FOR DEPOSITORS, they give you $95. The "alternative" machines, like at grocery stores, charge a FARRRRR higher rate. At least 12%.
     
  20. furryfrog02

    furryfrog02 Well-Known Member

    Yeah that’d put an end to my searching real fast. One of My CUs has machines that are free to members so I use those. One time they were broken so they told me to use the coinstar at the grocery store and they refunded me the charge. Those coinstars are a really expensive to use if you just want your cash back.
     
  21. spirityoda

    spirityoda Coin Junky Supporter

    coinstar is a rip off big time.
     
    *coins, Spark1951 and bsowa1029 like this.
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