Well I will not be buying searching for silver anymore...

Discussion in 'Coin Roll Hunting' started by jacktj, Aug 14, 2012.

  1. ska69

    ska69 Member

    If your local branch just happens to have a large amount of half dollars laying around, odds are they were deposited by one person who already picked through and took out anything worth while. Your best bet is to ask the branch manager to order you some rolls and you may get some that are unsearched. They will, however, usually only order bulk amounts. It is a very frustrating hobby at times because not only are you competing against other collectors, but every bozo who knows they can make a buck selling the silver coins to those awful Cash For Gold places.
     
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  3. NOS

    NOS Former Coin Hoarder

    This sounds like a common problem with searching halves. Other denominations seem to not be so competitive, though. I have found 21 silver dimes roll searching this week, 11 of which were in the same roll. I've been to several banks over the last few days and the tellers have been more than happy to sell me their dimes as they say there is low demand for them so the rolls just sit in their drawers taking up space. Today I bought 50 CWR rolls of dimes and I found a '58D and '63D. Sometimes people on here complain of getting skunked from searching 10-15 boxes of halves in a row without finding anything but at least with dimes and nickels there is some consistency in finding silver. With these two denominations you typically don't have to go through all that many coins to find something good.
     
  4. acepharmer

    acepharmer Junior Member

    How much of the rolls that end up in banks come from places like Coin Star? Also, aren't the Coin Star machines set up to pull out coins that may be silver? Just wondering?
     
  5. scottishmoney

    scottishmoney Buh bye

    Not all coin machines are Coinstar, some are Talaris, De La Rue etc. Some machines are a bit easier on taking coins with different weight parametres than others. Coinstar tends to be the most discriminatory, some banks machines are much older and take stuff like Swiss coins, silver, municipal tokens(found six in the past year) etc. One of my banks has commercial deposits coming in from a transit company and they get all sorts of Mexican, Canadian, British, Euros etc. These coins even turn up in their bags if the weights are near USA coins.
     
  6. Pendragon

    Pendragon Member

    My great grandparents collected all the silver long ago I think....My grandfathers kept big jars of al the silver coins in one jar and shiny pennies in another and my grandfathers both kept gold coins almost always until it was banned and then I had to dig them up about 10 years ago in mason jars that were in my grandmothers garden on one side and out of the side of a basement wall on another so there are about 25 jars of those alone....

    the thing I remember most is after 1964 my father going in buying 3000 dollars of coins from halves qaurters and dimes and me having to help drag them in 1000 dollar bags to the car and him staying up all night going through all of them and rolling the silver ones in dates and putting rolls back of the non silver..... Back in the 70's you could buy 3Kof any and return 1500 to maybe 2000 to turn back for cash and then he would go to another bank add in another 1500 to 1000 dollars and spend 3000 for halves qaurters and dimes he did it every week for years.....which does not include what my grandparents and great grand parents saved all their change for a rainy day and put it in burlap bags....

    I am thankful so much was left to me but you have no idea what it is like going to the bank and just trying to pull out one of the drawers let alone then trying to sort them into some dates and guesstimate what they might grade..... there is still some out there and actually I find more from those folks using them from the rainy day funds other parents and grandparents set up...

    .I am just curious to how much is hoarded and how much is melted and gone forever into the cell phone or lcd tv or other electronics like solar photovoltaics panels for the new solar fields.....Silver in my opionion will always be the best investment used in industry the price will go up and when hyper inflation hits from all the printed dollars of the QE1,2 and twist and possible QE 3 the presses run 25 hours a day 8 days a week....

    Back before refridgerartion trucks I heard stories of how thankful kids were to get an orange or fruit in their stocking at Christmas time because it was scarce and a luxury and had lots of value then I thought If I lived in California or Florida and I got a piece of fruit in my stocking I would feel ripped off cause the are every where....And that is the way I look at the world and USA inparticular So many companies being unsure of what costs they will run into just sit on this cash as well as investors....when they release it and dump it by feeling safer then the hyper inflation starts and for as much printing over the last 4 years they have done it will be like every kid will wake up everyday and not just christmas to get 10 oranges a day because then they have no value....Like our cash will one day soon and I do not think it matters who gets elected come novemeber hyper inflation is on the way and the longer we do not have it the bigger and worse it will be...Silver is right now the poor mans gold but I believe copper and zinc will also gather value as they are the other hidden and cheaper options when it hits....as will be food and water...
     
  7. acepharmer

    acepharmer Junior Member

    I work in a small retail store. I often look thru the registers for anything interesting and the cashier keeps an eye out for things as well. When they empty the coins from the soda machine I try to go thru it as well. We get rolls of coins from the local bank for change and give them a look. However almost all the rolled coins we get from the bank are newly minted.

    Over the past couple of years I have only found 1 1950's silver dime, which was brought in by a customer that paid with $7 of dimes.

    Some wheaties show up once in a while, and older Jeff nickles, but none in good condition. Lots of Bicentenial quarters lately, but again, nothing in good condition. Once in a while a foreign coin will sneak in, but not often.

    Not sure the reason why the local branch bank we use seems to only have new rolled coins?

    Also, the area I live in is rural and fairly poor and I think that a large percentage of people watch their coins for silver is why not much ever shows up.
     
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