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Coin Roll Hunting...can you even do it anymore? At banks that is or where do you go to find them?
RACHELLE51
Posts: 1 ✭
Hi All,
I am fairly new to collecting and I heard about coin roll hunting so I traveled into town and went to the US Bank near me. The teller told me that they don't ever have silver coins 40% or 90% in their .50 cent rolls anymore. I did find a bunch of 1976 Bicentennials and a few proofs like 2001, 2018 but other than that there were a lot of 1971, 1972, 1974, 1976, then 80's, 90's 2000's. Do you know if you can get rolls that may have surprise silver coins in the anymore and if so where would I go do this at? Any advice or words of experience would be greatly appreciated. Thank you in advance. Rachelle51
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check out this thread here
The OFFICIAL COIN ROLL HUNTING FINDS THREAD.
https://forums.collectors.com/discussion/comment/13362231#Comment_13362231
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb
Bad transactions with : nobody to date
My own suggestion would be to be more discrete in your bank dealings. If the tellers know about silver they aren't going to help you find it.
Also, unless they search the rolls first, they don’t know for sure what will be in them. It may be that they are simply trying to discourage you from being a burden on them. (What are your plans for getting rid of your rejects?).
Sure, I know exactly where the free silver is located. Let me tell you where to find it, because I am too lazy to go get it myself.
Silver can pop up anywhere and everywhere. You just have to keep looking. Roll searching will usually yield few or no silver coins. I have better luck with the reject slot on the Coinstar machines (they reject silver coins and some people don't check or they leave them behind).
For quarters, I've had better luck with "customer wrapped rolls" (CWR) since on rare occassion someone will roll a bunch of old coins that may include some silver.
For half dollars, I always ask tellers if they have any loose halfs in their tray. I always just buy all of what they have (don't stand there and cherry pick). I've found that silver, especially 40%, can show up as loose coins.
If you want to do roll searching, volume is the key. You will have to figure out where you will get your coins and where you will dump the rejects. Your hobby will be costing the bank money (to order and return the coins you are searching) so you have to be very strategic about it.
Also, learn about other things worth keeping in addition to silver, such as errors, varieties, and known doubled dies. That way you'll be leveraging your searches for other things.
Others will weigh in. Some people order boxes of coins to searching they can tell you what their success rate is.
There are lots of threads on this if you have some time to search the forum for them.
P.S. - welcome to the forum.
Coin roll hunting isn't really about finding the straggler silver that found its way back into circulation, it's about catching the times when a collection is dumped into a coin counter, then shipped to a distributor and rewrapped into rolls. So if you can imagine bags of coins being dumped into counting machines, so-called collection dumps are going to be somewhat concentrated. It's all luck, a game of chance to see if you are the one who can catch the collection dump.
The TLDR of it is that CRH is a volume game, the more volume you can do, the more whacks at the piñata you're getting. Back when I was doing $10,000 a week in halves, I'd catch some great finds and folks would tell me I was lucky. I'd just laugh and agree, but really, it's hard work with a side of luck. If you've got a .1% chance of any box of halves being a great box with 40+ keepers and I'm doing 20 boxes a week to your 2 boxes a week, who's more likely to find that box first? Me. So yeah, luck comes into play, but hard work always beats luck.
Another piece of advice I'll offer you. Scout your banks. Get boxes from multiple banks, see if you can suss out which banks have the best boxes and friendliest tellers for coin roll hunting. Then don't crap where you eat. Make that your buying bank, note which armored car service they use. Make your dump bank a bank with either bag service (drop off sealed bags and get credit for them after counting) or a machine that uses another armored service. That way you're minimizing the amount of your own rejects you have to go through on a regular basis. I prefer bag service when I do CRH these days because the machines are finicky and prone to breakdowns with halves, and I'm not pressed for cash.
Professional Numismatist. "It's like God, Family, Country, except Sticker, Plastic, Coin."
@RACHELLE51.... Welcome aboard. Excellent advice in the previous posts. CRH is both fun and tedious. Good luck and let us know how it goes. Cheers, RickO
Yes!
Welcome To the Forum!
CRHunting is so exciting. However, it takes a lot of work and time.
Pack your patience, travel to many banks, including ones you don't have an account with, be very polite. Even supply them with treats (donuts, etc...) every now and then. Be aware to burn some gas if you travel to banks that on NOT on your way.
Don't worry, the results you reap will cover the cost of the gas burned! Be very selective. Meaning, seeking not only for SILVER, but tons of other dandies. Proofs, errors, VARIETIES. Tons of varieties. Foreign, key date coins, wheaties (in Cent searches) BU coins. Oh, how could I forget. lol don't forget those, "W" Quarters!
Like mentioned, here and above posts.
Expect failures. But the enjoyment and gems you find will eleaviate the negativity!
Have FUN & GOOD LUCK!
Remember, your playing with house money, no real set backs. Just cash back in
to receive most of your money.
Be
PERSISTENT
and I promise you, you WILL find treasures.
Welcome to the Forum.
Joey
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.Look at this!
Went to my bank minutes ago.
Look what they had lurking in their drawer
SILVER!
See, how easy!
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.No, coin roll hunting has officially been outlawed. Don't do it!!
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
You're responding to a zombie.
No I'm not. I'm responding to all the CRH'ers within the sound of my voice! 😂 🤣 Merry Christmas! 🎄🎅🏻
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
One thing as suggested is to be discreet but also don't return the reject coins to the bank that you got them from. I learned early on whilst CRH'ing that bank tellers never like returns.
The most important thing is to schmooze with tellers, I have them all bought off somehow. When allowed by the institution you can give gift cards, hockey tickets etc, when not allowed you can still bring them treats - I have brought candy, chips, snacks etc. I have one credit union teller that is a bit of a collector herself and we horse trade with stuff - always through another teller to not raise flags.
I decided to set myself apart from the average CRH'er by always being friendly, negotiating, even buying up $2 bills to help them out and spending them around town.
I have several tellers that have called me when the goodies come across from estates etc.
Things like these:
Best of luck. I am retired but can make $35/hr doing service calls when I want (Geek Squad type work), much more than I ever could be searching rolls, and I am not being a PITA at my banks.
My own bank makes cashing in even a few rolls of coins a major chore. They check each roll with a magnet, insist on identification and check to see if you have an account. My own rolls never contain any Canadian coins (that is what they are looking for with the magnet) but I have been there several times when I have seen older people cashing in large numbers of rolls of dimes and quarters. They checked every roll and pulled out all the Canadian. In spite of the fact that the Detroit is just across the river from Canada, Canadian coins (and paper money) are not wanted .. period.
Note: I don't do roll searching as I view it as a waste of time and eyesight.