Coin roll hunting: whats your success rate?
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Thread: Coin roll hunting: whats your success rate?

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  1. #1

    May 2021
    3
    1 times
    All Types Of Treasure Hunting

    Coin roll hunting: what's your success rate?

    Hey?I'm new here.

    I used to collect coins when I was younger and have been more and more interested in collecting silver as of late. I read online about the idea of hunting for silver coins (dimes and halves, particularly) by getting rolls at the bank.

    This idea sort-of sparked the old flame of buying baseball cards once a week hoping to get that one special card?except that I'm always getting my money back.

    I was curious what the success rate is for those who already do this. I heard that silver quarters are almost impossible the find in rolls and I should stick to dimes and halves, is this true?

    Thanks!
    sphillips likes this.

  2. #2
    us
    Oct 2018
    SW Ohio
    CTX 3030 and Equinox 800
    427
    600 times
    Metal Detecting
    JimieSitu,

    Welcome to TNet.

    I have been coin roll hunting for the past 15 years or so - with a few years off when I was overseas. I enjoy the hunt. I only hunt .50 pieces so that is all I can provide you feedback on. Pre-Covid, I would usually pick up up 4-6 boxes at a time - $2-3K as each box is $500 and contains 50 rolls of 20 coins. I would on average do this 5-6 times a year. Limiting factor was being able to dump the searched through coins without pissing off my bank. I would never dump coins at the bank I picked up from as I am sure they would have immediately cut me off. I would be lucky to find 4-6 40% pieces among all the boxes and with a rare find of a 90% 1964 Kennedy half. I have only on one occasion found an older coin and it was a Franklin half. I am always amazed at the folks that say they find large numbers of silver coins coin roll hunting especially those that find 50+ on multiple occasions. You see this on just about every video of YouTube coin roll hunters - and yes, you can buy a machine to make the rolls look like they came from a bank. I do think a lot of the You Tube videos are faked because I am not seeing those kind of results. I have searched for them in multiple states and from different bank chains and multiple different suppliers of coins to the banks. Now I have found a number of proofs (usually worn though I have found some real nice ones) and lots of collector Kennedys (starting in 2002 they stopped releasing them for general circulation and only sold them to collectors and dealers).

    The above was pre-Covid, after Covid hit for a long while there was a coin shortage and the banks weren’t releasing any rolled coins. I was able to just recently pick up six boxes - resulting in finding just two 40% and a couple of worn proofs and a number of 2002+ collector halves.

    Hope that helps you some. Good luck with your hunts. Walt
    Last edited by WG2020; Jul 02, 2021 at 10:50 PM.
    sphillips likes this.

  3. #3

    Jan 2016
    481
    1008 times
    Welcome,
    I've been collecting coins since the early 60's.
    I used to ride my bikes down to the small shopping center in town on Saturday morning.
    All the merchants knew me and would open their cash registers for me
    I had my list of dates I needed for my coin books and search and pay them for the ones I found and needed.
    I've been CRH for about 10 years now.
    I was doing 5-6 half boxes a week.
    It was a lot of fun until the silver just pretty much stopped 2 years ago.
    I was averaging 1200-1500 silver halves a year.
    It was rare to go on a 3-4 box skunk streak.
    Now it is just the opposite.
    20-25 skunk boxes then a box with 1 silver.
    I used to find "enders" in most EVERY box.
    I haven't seen one this year yet.
    I am not searching as many boxes as before and I am not even keeping track of my monthly finds.
    But, I still do it.

  4. #4
    us
    Oct 2018
    SW Ohio
    CTX 3030 and Equinox 800
    427
    600 times
    Metal Detecting
    SilverAddict,

    I wonder if Loomis and the other companies that supply coins to banks are now searching for the silver via electronically means or some other way. Also, there is just so many times you can wash (exchange) those coins before folks find and keep the silver coins. I know additional silver coins enter into the process each year with people cashing coins in not knowing their value but over time these become less and less. I am awaiting the day when the Mint releases the bags of Eisenhower dollars, I know there are loads of older silver dollars mixed in just like the earlier days of searching for Kennedy halves. I have tried multiple routes seeking to buy Eisenhower bags via banks and the Mint only to be told the only dollar coins being released are the smaller dollar coins. One can only dream. Good luck with your hunts. Walt PS, I like you will continue to search because I like the hunt. My wife calls it my “fresh snow” syndrome. Back when I was a lot younger growing up in Utah, I used to snow ski a 100+ days a year in search of the first tracks on fresh snow. It was all about the hunt and it has never left me. Definitely the reason I also took up metal detecting.
    Last edited by WG2020; Jul 03, 2021 at 10:04 AM.

  5. #5
    Charter Member
    us
    Feb 2008
    Great Lakes State
    dirtfishing
    12,054
    4553 times
    silver surfing
    Honorable Mentions (1)
    I grew up in the 1970’s and started roll hunting before I could drive. At 16, yay I could drive and I started hitting the banks. Around 1978-79 there were full-page newspaper ads “WE BUY SILVER!”, of course driven by the Hunt Bros. I didn’t do all that great, actually not good at all; I found out that many others had the same idea I did. High unemployment and interest rates in the high teens, drove others to roll hunt for silver. Lots of people out of work, my father was a homebuilder, he built 28 homes in 1978, in 1980 he built two.

    I got back into the hobby around 2008 when silver prices began to creep back up after a few stagnant silver decades. I started searching halves and the first week I found my oldest, an 1894 Barber. I was hooked. My wife was in banking which made things easier for me. I remember some bank managers buying/searching boxes of halves, telling me they were half filled with silver. At that time, they dumped the 40% coins because they weren’t worthwhile to keep. Soon, everyone was asking for halves and eventually the silver dried up. That’s when I started hitting the dimes hard and found Barbers, mercs and 150+ Canadian silvers and of course, rosies, over one thousand. I eventually burned out and stopped a few years ago but have never lost the love.
    silveraddict likes this.

  6. #6

    Jan 2016
    481
    1008 times
    I can only think that the transport companies have a way to pull most of the silver before it gets rolled and boxed.
    Yesterday I went out "banking" and found alot of CWR $880.00 worth.
    I only came away with (6) 40% silver halves.
    That is still better that what I have been finding in boxes.
    fistfulladirt likes this.

  7. #7

    Feb 2006
    1,816
    1935 times
    Personally, I believe those who hunt only for silver are selling themselves short. Over the years I have developed relationships with many dozens of collectors whose interest is extremely wide and varied. Errors, types, condition, dates, etc. That is where the money is. Not a get rich quick scheme, although there are the occasional thousand dollar deals.

    Silver is a bonus, but the collectors in my database are paramount. Example: 1943 P Jefferson Nickel. Most silver bugs would simply toss this puppy into the War Nickel bin for silver. If MS or near MS, the value increases dramatically. If an obverse error is evident without dragging the loupe from the pocket, even more so. The same concept for cents, dimes, quarters, halves, large dollars, and small dollars. The market is there for those willing to take the time to develop a network of potential buyers.

    Time for more coffee.

  8. #8

    May 2021
    3
    1 times
    All Types Of Treasure Hunting
    Quote Originally Posted by JimieSitu View Post
    Hey?I'm new here.

    I used to collect coins when I was younger and have been more and more interested in collecting silver as of late. I read online about the idea of hunting for silver coins (dimes and halves, particularly) by getting rolls at the bank.

    This idea sort-of sparked the old flame of buying baseball cards once a week hoping to get that one special card?except that I'm always getting my money back.

    I was curious what the success rate is for those who already do this. I heard that silver quar10.0.0.0.1 192.168.1.254
    ters are almost impossible the find in rolls and I should stick to dimes and halves, is this true?

    Thanks!

    issue got solved

 

 

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