Dime Questions

[Rich Hartford]

I'm thinking of searching dimes, and have a couple of questions.

How Much are a box of dimes?

Do the banks usually have boxes on hand or do they have to be ordered?

What is the best way to search? Go through boxes or handrolls?

Thanks

 

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[BBcardsRI]

A box of dimes is $250.

The average silver ratio is one silver dimer per box of $250.

If the bank has boxes on hand depends on how big of a bank they are and how much business they handle. The branches that service all the companies have lots of boxes on hand.

I've run into the issue of banks with no boxes, banks with boxes but that refuse to give them out because I'm not a "business customer", and the obvious one of being refused the boxes that they have because I am not a customer of their bank.

As far as boxes or handrolls, I highly recommend hand rolls or bags over boxes. A dream box of dimes is almost impossible to get, while a dream stash of handrolls is actually possible. From my personal searching, I average (without counting insane caches) more from handrolls/bags than I do from boxes.

~Dave

 

[Rich Hartford]

Dave,

Thanks for the info. How do you go about getting bags? What do they cost? Where do you find them,at banks with counting machines?

 

[goldencoin]

Yep, once got an entire handroll of mercs

HH
-GC

 

[coltdavis]

So what exactly is a box? do the rolls contain all random dates? or is each roll going to be a certain date? im new to CRH and im just curious as to what to expect when i get my first box

 

[Codes]

I have found a half a roll of Mercs/Roosies mix in a machine-rolled roll. I imagine that it's easier to find a hand-rolled dream roll of silver dimes, but I wouldn't completely rule out the possibility of finding a machine-rolled one.

-Codes

 

[treasurefiend]

So what exactly is a box? do the rolls contain all random dates? or is each roll going to be a certain date? im new to CRH and im just curious as to what to expect when i get my first box

A "box" is a box with 50 rolls in it.

Yes they are random dates, unless you get a box with all 2008.

Just try it out, you will see what its all about. Just take a big canvas bag or a big ziploc bag to put your clad in so you can dump them.

 

[Shake-N-Bake]

My personal experinces are that I have better luck with machine rolled coins in all denominations except halves. All others pennies, dimes, and nickels(don't do quarters) I like machine rolled better. Just my personal opinion but my stats are much better with machine rolls(CWI). Good luck with whatever you choose. But dont pass up machine rolls becuase you think they wont produce because they will bring you silver or wheats.

Happy Hunting,
Jason

 

[fistfulladirt]

Also, there is the chance of finding gold and chrome-plateds, Mercs, Barbers, and even earlier coin in those machine rolls. AMC

 

[Rich Hartford]

After reading the posts on this subject I still have a couple of questions

What does "CWI" stand for?

Where would one get bags of dimes? Is this the bag the banks use to fill up what they counted on the coin counter? Is it something you order,like a box.

Are bags better producers?

 

[cyberdan]

What does "CWI" stand for?

Coin Wrap Inc. Just a company that wraps coins for some armored car companies.

Some armored car companies wrap their own.

To get a bag of dimes you need to find a bank that has a coin counter and offer to buy a bag when full. I have one bank that will sell me all they can do $1000 at a pop.

Last bag was two weeks ago. 8 rosies and a silver canadian dime.

 

[fistfulladirt]

What does "CWI" stand for?

Coin Wrap Inc. Just a company that wraps coins for some armored car companies.

Some armored car companies wrap their own.

To get a bag of dimes you need to find a bank that has a coin counter and offer to buy a bag when full. I have one bank that will sell me all they can do $1000 at a pop.

Last bag was two weeks ago. 8 rosies and a silver canadian dime.

For the last 6 months i've been able to buy $500 bags of customer-wrapped (dimes). AMC

 

[coinmojo]

For the most part Bags come from coin counting machines that a bank or credit union might have in their lobby like a coinstar machine.

But around here a bank may bag up returned coins that have been hand rolled. they must break open these rolls and fill a bag with $1000 dollars for dimes & quarters. $200 in nickles and $50 in penny's most of those bags might weigh 40 to 50 LBS.

That is usually they way a bank has to ship them out to Brinks in this area.

You might be able to get bags that way if you get hooked up with the right vault teller/bank.

But if a teller is put on this type of duty (cracking Hand Rolled Coins) bagging coin for shipping I would imagine a the only thing to make that job bearable to them would be cherrypicking silver as they are cracking open these rolls to fill the bag.

The count in this case does not have to accurate it just has to weigh a certain amount. The Armor car company have some sort of working agreement on the bags being fat or skinny (I mean give or take a buck or two)

That is why it's buyer beware when it comes to these kind of bags they will almost always be short of have other junk in them. It's the price you pay for the privilege of searching.

Most banks wont do this because they can't and wont guarantee the accuracy.

Now in another instance I actually had a teller hold two rolls of silver quarters for me wile doing the crack and bag gig recently. So they see what they are dumping and I would say a good percentage of tellers know about silver coins and will cherrypick. But there are some that don't.

That is the only way they make it into boxes.

Mojo

 

[Rich Hartford]

Thanks to you all for answering my questions.

 

[Shake-N-Bake]

Coinmojo is correct some banks break open customer rolls to send them back in a bag. I have a deal with a bank now that i buy customer rolls instead of them sending them back. The best advice I can say is that is something you want to do and can handle the volume go talk to the bank manager and tell them that you will take the customer rolls instead of them sending them back. It saves the bank the time to crack open the rolls(and not the chance to cherrypick) and it saves them the fee of sending them back to the carrier service. In my opinion it is a WIN WIN situation. But beware the volume I have commited to is about $3,000 a week in rolled change, and that is not excepting quarters they know I dont search quarters. Some banks might do this some might not. My main source branch loves it when I take all of there rolled change. They call me when they get a bunch and then I go pick them up. The funny thing is, is that I go home search it and then bring them back to another branch of the same bank. LOL!!!
Happy Holidays,
Jason