Jun 10, 2012, 11:08 PM
How much longer do we have?
So I was just wondering how much longer we have in this great hobby before it cuts cut off completely? From what I have been reading on this forum & from my own experiences in the last 3 months I personally believe in 3 years Coin Roll Hunting will be dead. It's been getting hard for me to dump coin( I only average 3 boxes per week of halves dumped between 3 banks), one of my dumps has banned me from depositing rolled coin. Sorry if this has been posted before, I just want to know what you guys are feeling. HH Circa
Started March 2012:
68 - 40% Half
8 - 90% Kennedy Half
2 - 90% Walking Liberty
1 - 90% 1953 D Ben
4 - Silver Dimes
1.100 silver halves
2. First Silver Dime
3. First Silver Morgan
4. War Nickel
5. First Ben
Jun 10, 2012, 11:13 PM
I don't really subscribe to this whole "sky is falling" phenomenon that is going around on this site. There will always be opportunities to search and dump.
It may take a little more work on our parts, but where there is a will, there is always a way.
Jun 11, 2012, 12:51 AM
Am new to this and i think within 2 years we will have to pay for boxes and our dumps. The bank are not doing good and will need the fees to stay in buss..It will push out most of us. I will pay the fees there will be more silver for the ones that pay the fees. Some of my banks talk about fees already!! Good luck to all!!
Jun 11, 2012, 02:56 AM
I've said this before, every day there are more CRHers entering the insanity than there are exiting. Time will tell?
Jun 11, 2012, 04:09 AM
it all depends where you live and how much you order/dump.
Jun 11, 2012, 05:11 AM
I haven't paid a fee since since 1979/80, the beginning of the first roll hunting mania.
This hobby's been out there for a while.
Jun 11, 2012, 08:02 AM
There will always be CRHing, sure the "big banks" might make it harder and harder to CRH but the smaller, independent credit unions most likely won't. About the only thing that might be over is being able to hunt on an industrial scale. The silver sure isn't all gone, it replenishes itself on a daily basis. The key to CRHing is creating relationships. Figuring out what each teller cares about and doesn't care about and trading from there.
CRHing has been, is and will be a valuable part of the coin collecting hobby regardless of what happens with the big banks. There are still a lot of people who don't know what coins are silver.... including silver dollars...
Speeding up Gresham's law one roll at a time
Jun 11, 2012, 08:13 AM
Mangling rolls since '09
I think my primary dump bank will cut off all non-business accounts from picking up or dumping large volume probably within a few years max. One local district of said bank won't let me pick up without a business account, and two branches have blocked me from dumping. Of course, since TD acquired Commerce, Commerce/TD went down the crapper, so... Plenty of other local/regional banks that will take my business, like PNC.
Jun 11, 2012, 08:26 AM
The smaller banks might prefer the dumps. My father has a tiny side business with vending machines. He only get quarters.
The bank where he deposits the quarters are happy. They don't have to order quarters.
Your dumps might actually help.
Jun 11, 2012, 08:49 AM
No, usually smaller banks are worse to dump at because they have smaller vault space. Let's face it, halves really aren't that useful and businesses hate to get hand wrapped coins. Even if people think they are doing the bank a favor by hand wrapping coin, they usually just toss it in the coin counter anyways.
Originally Posted by SilverQuest
Speeding up Gresham's law one roll at a time
Jun 11, 2012, 09:31 AM
Jun 11, 2012, 09:35 AM
All I know is enjoy it while you still can because no one knows for sure exactly what's going to happen. Like they say...nothing lasts forever & all good things will come to an end sooner or later. Remember, banks aren't in business to support our hobby of CRHing so appreciated your relationships with your banks & what they can & will do for you. But already I'm seeing resistance with some of my banks. For example, where I dump my halves they say I can't any more, evgen though I'm a customer. IMHO, due to the fact that so many are doing it now (thanks to the Internet educating & informing the masses) is what will eventually bring it all to a scretching hault. Also, the big shots in the corporate offices are catching on to whats going on & they are now cracking the whip making things harder. Meanwhile, to ensure your success just use your intellect & keep changing your strategy & you will be fine...for now. Good luck.
2009 Find Totals (in progress):
1775 King George copper
3 dollars (2 Presential Washington & 2 Sacagawean)
3 Kennedy clad halves
417 Quarters (3 silver dated '34, '48 & '63)
423 Dimes (includes a few Mercs & silver Roseys)
1 Buffalo (no date)
Jun 11, 2012, 11:53 AM
certain people are going to ruin it for everybody, abusing the system is the key to this hobby's fate, sure we all abuse the system, but some contribute more than others. I personally think dropping off $10,000 at one bank will quickly get things shut off completely.
Please note: this post is not directed towards anybody in case somebody thinks this is toward them
Jun 11, 2012, 06:39 PM
It is hard to give a definite answer to that, though I feel that we will all get squeezed a little more as time goes by. I will personally never pay 1 cent to either dump coins or buy boxes (Its a matter of principal). I will do my best to figure out how to use the system one way or the other for Free. It would be very easy at this point for me to criticize the banks but I realize that up until now most have been very good to me and without them I would have very little Silver in the poke. Good Luck. However long it lasts.
Jun 12, 2012, 08:40 AM
My mom and dad were helping my cousin go thru my aunts house after she had passed. Come to find out my aunt and uncle, who passed away 2 yrs ago, had silver coins stashed.
Who knows how many out there were like them. If my dad had not been there those coins might have been put back into circulation.
The coins are in a safety deposit box.
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