Coin roll hunting as a living
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  1. #1
    br
    Jul 2018
    731
    1216 times
    All Types Of Treasure Hunting

    Coin roll hunting as a living

    Interesting video on the biz...

    Some good tips

    I got a dig bick...you that read wrong...you read that wrong too!

  2. #2
    us
    Apr 2005
    North Carolina
    Garrett AT Gold
    6,340
    2524 times
    All Types Of Treasure Hunting
    Quote Originally Posted by xaos View Post
    Interesting video on the biz...

    Some good tips

    He's a liar.
    2020 COIN ROLL HUNTING TOTALS!

    Wheats..53
    Buffalos..0
    war nickels.0
    Silv Dimes...-4
    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

  3. #3

    May 2006
    CO, AZ
    dfx, Ryedale!
    1,802
    272 times
    Okay ... I rarely do this. In fact, I've NEVER done this before. EVER. But I call BS on this one. Major, large BS!!!! The numbers do not add up. Two examples. "He is already about 3/4 of the way to last year's profit of $110K, and that's because of the W quarters this year." He makes a big deal over how the W quarters pushed him up tremendously in 2019. IN fact, he sold a FEW HUNDRED of them already this year. So - if he sold 300 of them, and that is definitely a "few hundred" and he sold them for $15 each, which would be when they were selling near their top for each one, that would be ... $4,500. A nice profit. But I wouldn't say that thanks to $4,500 in a lot of work that it means he is way up towards his $110K of last year. If the $110K was a realistic number, the $4,500 from the W coins would be a little extra, but no big deal. Instead, I think I'll say he DID sell a few hundred of the W's. If so, he DID get an extra $4,500 in profit, and good for him. But if that was so amazing to him, then he did not make $110K the year before. Because $4,500 would not impress him much. Just be a nice bonus, but not so impressive. Make sense? The more money you make, the more it takes to be a change from that norm. Nope. A few hundred W's would not mean much to him with those numbers. Example #2. About the same spot in the video, when he was talking about some specifics. "If he had gotten into the 2009 nickels, he thinks he could have made $200K or $300K in 2009. Because they were selling very high." Yes, they were. For nickels and new ones. Because they were rare. But for him to say he could make $200K on them (The LOWER end), based entirely on if he was selling nickels, and if he got $20 per roll (Which is high, even for them. I WAS doing this in 2009, and still have rolls of 2009 nickels. And dimes. rolls of 2009 nickels were selling for about $15 per roll, at their PEAK) it means at $18 per roll profit, to make an additional $200K income, he would have to sell 11,200 ROLLS of nickels in 2009. Times 40 in a roll, so he would have to sell about 450,000 nickels to make that profit "if he was doing it in 2009". Problem is no one could GET 450,000 of the 2009 nickels I worked nickels that entire year. (plus other years). I worked them HARD, for that exact same reason. I never reached ONE full box of them. IN fact, I never even got a full ROLL of the P 2009 nickels, because I live out west. Got some D's, but not a full box. Doing it quite large amounts. Nope, his numbers don't add up. Remember - he's been working those amazing W quarters all year,. and got a few hundred. Maybe if he was lucky, he would get 500 of the 2009 Nickels if he worked it then? Add a few more, and call it 13 rolls. Times $18 profit per roll, and that adds $234 to his profit for the year. Not $200,000! Sorry, but the numbers don't add up.

    One more. He does $20,000 of coins a week. I'm sure a lot of those are quarters this year, due to the W quarters. His dump banks would hate him after a while, as they can't deal with that volume ongoing, but that volume would not give him $110,000 in profit a year. I was doing $10,000 a week for a long time, and those numbers don't add up. Granted, if someone gets lucky, hey they can find one coin worth many thousands of dollars, and that could make their year add to that. ONCE. Not consistently, not for at least three years in a row ($110K, $100K, and now 3/4 of the way to $110K in the summer of 2019, thanks to the W quarters, which as I showed, would in reality give him maybe $234 in extra profit. Let's say four TIMES that, and $1K. Not something to move you up to $110K for the year though.

    I know we are not supposed to say something is wrong on this site. But this one? Just says too much. And saying "just because you did not do it doesn't mean it can't be done" doesn't jive. The MATH of it says it isn't real. The numbers don't add up. Ask ANYONE on THIS board what they go through in a week, and how much they "profit" for the year. If someone does $5,000 per week, ask what they make and multiply it by 4 to get a guess on this guy he is talking about. Or whatever number. It's just not feasible, mathematically possible, unless they find that one major lucky find. Not annually though, that's for sure.

    Now please don't ban me from the site. Been here too many years for that. :-)
    mts, rcs, Ranger Chuck and 4 others like this.

  4. #4
    Charter Member
    us
    Nov 2012
    Maryland
    XP Deus, Tesoro Cibola, Full sized shovel
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    Banner Finds (8)
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    In 2019 I went through about $20,000 in boxed quarters. I got less than 20, something like that, of the W's. Some were mint damaged and were worth squat. I got no decent error quarters and only 7 silver ones. It cost more in gas to get the boxes, which the banks were reluctant to give to me than what I got out of them.

    I stopped crh'ing by April 2020. I probably won't start up again.
    DeepseekerADS and CJ9 like this.

  5. #5
    Charter Member
    us
    Feb 2008
    Great Lakes State
    dirtfishing
    11,912
    4276 times
    silver surfing
    Honorable Mentions (1)
    ‘You can make money doing this?’

    /s
    CJ9 likes this.

  6. #6

    Jan 2016
    446
    962 times
    I had good years 2015,16,17,18
    Searching around 5 or 6 boxes of halves a week.
    Between boxes, teller trays & CWR
    I was finding around 1100 silver halves each year.
    Best ratio year was 2018
    40% 717
    90% 457
    2019 was dismal
    40% 528
    90% 136
    I did not even keep track in 2020
    I haven't started yet this year
    FormerTeller and CJ9 like this.

  7. #7
    CJ9
    CJ9 is offline
    us
    Dec 2018
    NYC area
    371
    809 times
    CRH
    Factoring in time, gas, etc. its a money loser for me, regardless of what I find. I just like the thrill of the silver hunt and that is the only reason I do it.

    This video is complete BS

    If you think about $100,000 in revenue, and assuming silver is $25/oz - that would value each silver 90% half at about $9.00 (or 18x face). In order to come up with $100,000, you would need to have found 11,100 90% silver halves. If you think of a box of $500 (1,000 coins) that is 11 boxes of solid silver halves. Not in a snowball's chance in hell. And that is searching halves - where you have your best shot at finding silver - forget about quarters and dimes.

    And the above post from silveraddict is proof. In his best year, at 5-6 boxes a week (250-300 a year) - searched a lot of coins and he pulled 1,100 coins - not even close to $100,000 worth (and of which most of his finds were 40% - so you would need many more to get to $100,000).

  8. #8
    Charter Member
    us
    Feb 2005
    MI USA
    Ace 400, AT Pro, equinox 800, Simplex,Vanquish 540
    3,395
    4148 times
    Metal Detecting
    Should have subtitled this thread
    "LOL"
    smokeythecat likes this.

  9. #9
    Charter Member
    us
    Nov 2012
    Maryland
    XP Deus, Tesoro Cibola, Full sized shovel
    18,649
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    All Types Of Treasure Hunting
    Banner Finds (8)
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    Not necessarily this guy, but the BEST LIARS in the WORLD post finds on youtube! One of these days I should photograph a real dig versus a fake one. Just to let you see the difference. Right now the ground is frozen solid.
    DeepseekerADS and RustyRelics like this.

  10. #10
    us
    Apr 2005
    North Carolina
    Garrett AT Gold
    6,340
    2524 times
    All Types Of Treasure Hunting
    You said nothing wrong. Negative post only apply to members of tnet.
    2020 COIN ROLL HUNTING TOTALS!

    Wheats..53
    Buffalos..0
    war nickels.0
    Silv Dimes...-4
    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

  11. #11
    Charter Member
    us
    "WP"

    May 2012
    15,038
    30120 times
    His fingers are not dirty enough either.

  12. #12
    us
    Apr 2020
    Bounty Hunter LRP
    52
    110 times
    All Types Of Treasure Hunting
    It would have to be a lot of key dates to get close. I'd believe maybe 10k if that's all I did for a year. What happens when the W quarters aren't found anymore. The odds just aren't there to spend much time on it.

  13. #13
    us
    Feb 2008
    Santa Fe, New Mexico
    Whites, MXT.
    8,957
    5424 times
    All Types Of Treasure Hunting
    Josey Wales said it well "dying ain't much of a living boy "..
    PetesPockets55 likes this.

  14. #14
    Charter Member
    us
    Mar 2013
    SW, VA - Bull Mountain
    CTX, Excal II, EQ800, Fisher 1260X, Tesoro Royal Sabre, Tejon, Garrett ADSIII, Carrot, Stealth 920iX, Keene A52
    14,705
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    Digging in the dirt & scooping in the water!
    I'll ask perhaps a dumb question here. I haven't paid any attention to coin roll hunting. Got some years ago when I first heard about it and got zilch.

    What the heck are "W" quarters?
    Republic of Vietnam 10/69 - 3/71, Cambodia April 27, 1970 on a mountain top with HUGE scorpions

    "'He jests at scars who never felt a wound'" c.s.lewis - 1940

    The Ten Commandments: http://www.godstenlaws.com/ten-comma.../#.UdAz65yynZg

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  15. #15
    us
    Mar 2007
    Michigan
    Whites V3i
    488
    75 times
    All Types Of Treasure Hunting
    Quote Originally Posted by DeepseekerADS View Post
    I'll ask perhaps a dumb question here. I haven't paid any attention to coin roll hunting. Got some years ago when I first heard about it and got zilch.

    What the heck are "W" quarters?
    The US mint decided to issue some quarters struck at West Point into circulation. You cannot buy these from the mint like their other products, they are only found mixed in with the new coins from the other mints. If I remember correctly, the mintages are maybe around two million of each type. So West Point would ship them off to Denver or Philly (or where ever) and they would be pre-mingled in with their quarters, before going out to the banks. So if you get a box from Philly, you may have a few W mint quarters, same with a new Denver box. I have not gotten a W quater myself yet, mainly to not seeing many quarters at all due to the lockdowns.
    jrf30 and DeepseekerADS like this.

 

 
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