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Thread: Coin vendors having short supplies

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  1. #16
    us
    Apr 2005
    North Carolina
    Garrett GTI 2500 Garrett AT Gold
    6,138
    2265 times
    All Types Of Treasure Hunting
    Pea is correct. The retailers have been grabbing the coin since Thanksgiving for business. Add the fact that with a robust economy people are starting to hang onto there change again for a rainy day. I've got a bank that will take all the rolls of cents I can bring them!
    Coincrazed likes this.
    2019 COIN ROLL HUNTING TOTALS!

    Wheats..7
    Buffalos..0
    war nickels.0
    Silv Dimes...-0
    Silv Quarters-0/0
    Barbers-0/0
    Walker 0
    Bens- 0
    Kenn. 90%- 0
    Kenn. 40%- 0
    Proof- 0
    Silv. Proof -0
    Commemorative-0/0

  2. #17

    Jan 2016
    371
    702 times
    Quote Originally Posted by Icewing View Post
    I just think it's funny how you guys continually pass the blame onto everyone else (IE- YouTube). The reality is, there aren't enough YouTubers to legitimately blame them, and most people who see a few videos and decide to give it a go will quickly give up when they realize how many coins they have to search.

    The facts are these: It's the hardcore CRH's who hurt the hobby most by ordering thousands of dollars worth of coins on a regular basis which have to be shipped via armored vehicles, then turning around and dumping 99.9% in one place (free of charge) which have to be shipped back via armored truck to where someone in a designated facility has to run them through an expensive machine that counts a rolls them, so another CRH can repeat the cycle all in hopes that one or two silvers (or whatever) from an old guy coin jar gets mixed in. And the more time that passes (since 1964) the less silvers there are to be found and the more coins you have to search to find one.

    That's a lot of transportation costs and people who have to be paid along the way, and the corporations who own these banks will do anything to cut operating costs, starting with limiting bulk coin orders to businesses.

    If CRH would stick to just doing it as a hobby a few rolls (not boxes) at a time, this problem wouldn't exist.

    That's just how I see it.
    Good luck.
    This is ridiculous!!
    I do 5+ boxes of halves a week.
    I go out bank hopping maybe 3 times a month. Between teller tray and CRW I may find $100+ each time.
    This year's total is right around 1000 silver halves.
    I may do more boxes next year.
    This is a fun hobby

  3. #18
    us
    Aug 2012
    Massachusetts
    Whites, Garrett
    1,268
    917 times
    Gold Panning, Metal detecting, beach combing, shooting, photography, genealogy, gardening
    Quote Originally Posted by silveraddict View Post
    This is ridiculous!!
    I do 5+ boxes of halves a week.
    I go out bank hopping maybe 3 times a month. Between teller tray and CRW I may find $100+ each time.
    This year's total is right around 1000 silver halves.
    I may do more boxes next year.
    This is a fun hobby
    Silver Addict
    Your totals seems about right to me. I am not hard core but one of my banks, my main pickup bank, actually called me to ask if I wanted to order a couple boxes of halves this week since I hadn't called. I have a $100 account there since that is their minimum balance to avoid bank fees on an account.

    back to your post.

    I have been doing 2 boxes every so often, when I can remember or have the time from my other hobbies, and a couple bags. I found 204 40% and 58 90% halves from a total of 36 boxes and 2 bags, 8 CWR and 678 loose halves. Considering that my boxes were 13% of the ones you searched but my finds were 25% of what you found I did pretty good. BUT that was due to 3 large scores, 2 in boxes and one in a bag. I would rather be lucky than good.
    I also NEVER take coins back to a bank where I get them.. I have 15 banks with coin counters and try to only dump at a bank $400 every 3-4 weeks.

    Here are my 3 scores.





    PetesPockets55 and cyberdan like this.
    Ferengi Rules of Acquisition

    #59 "Free advice is seldom cheap"

    #92 "Never confuse wisdom with luck"

    2019 Totals: Halves: 43 40% 14 90%, Dimes: 6, Quarters: 0

    2019 GOAL: 300 silver Currently 63/300

    Boxes searched: Halves boxes 21, bags 0, CWR 0, loose 0 : Dimes boxes 2, bags 1, BWR 0, CWR 0 : Quarters boxes 0, bags 0, CWR 0

    MILES Driven 420

  4. #19

    Jan 2016
    371
    702 times
    Quote Originally Posted by Ben Cartwright SASS View Post
    Silver Addict
    Your totals seems about right to me. I am not hard core but one of my banks, my main pickup bank, actually called me to ask if I wanted to order a couple boxes of halves this week since I hadn't called. I have a $100 account there since that is their minimum balance to avoid bank fees on an account.

    back to your post.

    I have been doing 2 boxes every so often, when I can remember or have the time from my other hobbies, and a couple bags. I found 204 40% and 58 90% halves from a total of 36 boxes and 2 bags, 8 CWR and 678 loose halves. Considering that my boxes were 13% of the ones you searched but my finds were 25% of what you found I did pretty good. BUT that was due to 3 large scores, 2 in boxes and one in a bag. I would rather be lucky than good.
    I also NEVER take coins back to a bank where I get them.. I have 15 banks with coin counters and try to only dump at a bank $400 every 3-4 weeks.

    Here are my 3 scores.





    Ben, CONGRATS sounds like you did very well in 2018.
    This whole hobby is about luck. I don't think you can be good at this hobby. You are always at the mercy of being in the right place at the right time. And, the right box just happens to be the one you got.
    My 40% to 90% ratio should be pretty good this year due to my one great score last January. 10 solid 90% CWR at one of my regular banks. I will never forget my son's reaction as he was opening them while we were driving away from that bank.
    To claim that bigger CRH'S are ruining the hobby is like saying a guy that fishes more than you is ruining fishing.
    I know that fish reproduce but I know also that there are still new collection dumps happening.
    It us still out there.
    Maybe it will dry up some day. But, until then I am going to hunt and stack as much as I can.

  5. #20
    us
    May 2018
    Maryland
    White's MXT Tesoro Cibola Tesoro Golden Sabre Plus Garrett ADS Master Hunter 7
    714
    924 times
    All Types Of Treasure Hunting
    I agree that luck is the major component to CRH results. But luck notwithstanding, I, and I assume, some other posters, hope that we are not CRHing within your search area.

    I could easily search more boxes, but the dump banks are my limiting factor and I hate to jeopardize the dump opportunity by exceeding some dumping etiquette, so I have limited my dumps to $300 to $500 per bank/week. I have four banks and none accept rolls of halves.


    Always do right; this will gratify some and astonish the rest.
    - Mark Twain






    Running 2019 CRH: Boxes of halves searched: 43; dimes: 2
    Total skunk boxes: 28 halves, 2 dimes
    90% halves from boxes: 29
    40% halves from boxes: 93
    Silver halves from teller trays: 16 - 40% halves
    Coinstar silver: 3 quarters, 1 dime

  6. #21

    Jan 2016
    371
    702 times
    I need to add to my previous post.
    Thinking about it. I was shorting myself and and all other CRH's that put good time into this hobby by saying it is mostly luck.
    We put in a lot of time building relationships with banks and tellers.
    That is a lot of the success of this hobby. My 10 solid 90% rolls came via a teller saving them for me. I do not know if anyone else came into that bank between them being dropped of and me coming in asking for halves.
    There is also all the time figuring out pick-up bank VS dump bank.
    The banks I pick up boxes from all are supplied by Brinks. The banks I dump at are either supplied by Loomis or Guarda. I think that helps my supply line. I don't know how much they share.
    My pick up banks will order me as many boxes as I want. My problem is not enough dump banks. There are no coin machines near me so everything is rerolled.
    I do not consider myself a large CRH. I know there are people out there doing 20+ boxes a week.
    You have to hunt smart.
    I see so many hunters that get into fights with banks about what the bank will or will not do for them. Get over it. Banks are BIG business. They have their policies. Tellers have their perks. Find a way to work smart within your territory.
    Yes, some areas are a lot better that others. I do have a lot of hunters in my area. All of the boxes I get are chock full of marked coins.
    I know many tellers are holding coins for other hunters.
    Be nice and polite to everyone.
    I hope everyone goes beyond their goals in 2019.
    HH
    Megalodon and PetesPockets55 like this.

  7. #22
    us
    May 2018
    Maryland
    White's MXT Tesoro Cibola Tesoro Golden Sabre Plus Garrett ADS Master Hunter 7
    714
    924 times
    All Types Of Treasure Hunting
    Good post. Regardless of success, it IS still a hobby. I totally agree with building the relationships and hope to reach the point where tellers will save coins or CWRs for me. I do know that an asst. manager of my main pickup bank branch snipes silver dollars when people cash them in. She showed me pics of some nice Morgan and Peace dollars she got this way when she needed some grading tips. To her credit, she tells people the coins are worth more than face value and they could get more from coin dealers, but by then, the customers' minds were set on redeeming at face value right away.

    Part of developing relationships is to reward our tellers. If I have a good month or two, I might be able to break even with the cost of Godiva chocolates I gave out at Christmas. BTW, it became apparent that tellers are used to customers bringing in goodies that they all have to share. I gave them each boxes so they would not have to share - and left no tellers out. Hope that brings returns, but even if it doesn't, it thanks them for not turning me away.
    PetesPockets55 likes this.


    Always do right; this will gratify some and astonish the rest.
    - Mark Twain






    Running 2019 CRH: Boxes of halves searched: 43; dimes: 2
    Total skunk boxes: 28 halves, 2 dimes
    90% halves from boxes: 29
    40% halves from boxes: 93
    Silver halves from teller trays: 16 - 40% halves
    Coinstar silver: 3 quarters, 1 dime

  8. #23
    us
    Aug 2012
    Massachusetts
    Whites, Garrett
    1,268
    917 times
    Gold Panning, Metal detecting, beach combing, shooting, photography, genealogy, gardening
    I have been giving cookies at my 3 banks that I get pickups from. Dump banks, not so much, although one of my dump banks got cookies when I got 5 silver halves (1 90 and 4 40) from the tellers in one trip. I will not reroll coins, too much trouble for me. I use coin machines which is why I opened accounts at 6 different banks that have multiple branches with coin counters. As I mentioned 15 withing 10 miles, if I went north of the Mass Pike or east of Rt 95 I would add about 15 more branches with counters. Unfortunately they all seem to be Loomis, pickup and drop off.

    I realized that before this year I was only asking tellers for coins, not ordering boxes. The first two photos are from all my finds from 2010 to 2017 including two solid rolls of Walkers I got at BOA from CWR's. The third photo are the finds from this year, but 13 90%, 3 Walkers and 10 Bennies are in my Dansco Album.





    PetesPockets55 likes this.
    Ferengi Rules of Acquisition

    #59 "Free advice is seldom cheap"

    #92 "Never confuse wisdom with luck"

    2019 Totals: Halves: 43 40% 14 90%, Dimes: 6, Quarters: 0

    2019 GOAL: 300 silver Currently 63/300

    Boxes searched: Halves boxes 21, bags 0, CWR 0, loose 0 : Dimes boxes 2, bags 1, BWR 0, CWR 0 : Quarters boxes 0, bags 0, CWR 0

    MILES Driven 420

  9. #24
    us
    Feb 2008
    Great Lakes State
    dirtfishing
    10,586
    2439 times
    silver surfing
    Honorable Mentions (1)
    At my banks, first come, first served. I stopped gifting tellers because that was part of their education.
    When I listen to LED ZEPPELIN...so do my neighbors

  10. #25
    Charter Member
    us
    Dec 2006
    Left Coast
    XLT & Bigfoot
    4,340
    1877 times
    Quote Originally Posted by Megalodon View Post
    I asked if they would incur any additional cost to do that, and they said no, the boxes of halves would come with the regular orders once per week with the lower denominations.
    The banks i talked to many years ago said the same thing. Each bank negotiates a set price for pickup/delivery. It has nothing to do with what is inside the truck or what they pickup.
    at yard sales I am dollardan

  11. #26
    Charter Member
    us
    Dec 2006
    Left Coast
    XLT & Bigfoot
    4,340
    1877 times
    Quote Originally Posted by Megalodon View Post
    I could easily search more boxes, but the dump banks are my limiting factor and I hate to jeopardize the dump opportunity by exceeding some dumping etiquette, so I have limited my dumps to $300 to $500 per bank/week. I have four banks and none accept rolls of halves.
    I only have one pickup (order) bank and two banks for dumping. The local bank insists on rolled and the other bank (25 miles north in Oregon) likes loose for their counting machine. I like to pay my mortgage here, they don't care.

    Last time I was there I overheard one teller ank another if it was OK for me to cash in so much coin. (my teller was in the back running my coins) The teller said she once checked and non-customers were allowed only so much but customers amount is un-limited.
    at yard sales I am dollardan

 

 
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