How do you get started coin roll hunting?
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Thread: How do you get started coin roll hunting?

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  1. #1

    Jan 2021
    4
    2 times
    All Types Of Treasure Hunting

    How do you get started coin roll hunting?

    So today was my first day coin roll hunting. I really did not know how to start off I live in California and called my local chase and asked if they had any half dollar coins. Luckily they were the only one who had a case of $500 worth of half dollars. I bought it and found four 40% silver coins, one 1965, one 1966, and two 1968, I also found this intresting shiny half dollar from 1987-P. I was wondering how do you get money for the coins and what if they are in bad shape? Also what is a good way to continue this without spending too much money. I want to do dimes next as I heard they have the second highest silver content next to half dollars. I was wondering what other banks I can use in California, I know that Golden 1 Credit Union is ruled out or so they have told me. Please list tips and suggestions! Thanks!

  2. #2

    Sep 2012
    737
    566 times
    All Types Of Treasure Hunting
    >>how do you get money for the coins and what if they are in bad shape?
    Generally you sell to a local coin shop, pawn shop, or gold buyer. Local coin shop will give you the most. For most finds, it does not matter what condition they are in. You get a percentage of the melt value of the precious metal that the coin(s) contain(s). You can sell to larger brokers, but you normally must have large qty.

    >>what is a good way to continue this without spending too much money.
    Just start with seed money (such as the $500 you used to get the box of halves). Buy coins for cash, search the coins, exchange the zonks for cash, stack or sell the keepers. Increase your turn-around fund as you are able. Actual "spend" ends up being the time and travel expenses. Minimize the travel expenses by using banks that are on your normal travel routes.

    >>I was wondering what other banks I can use in California
    Any bank or credit union that will do business with you is in scope. Most times, banks will not exchange coins for cash or cash for coins unless you are a customer. Some will though.

    >>Please list tips and suggestions
    As to get loose coins from the bank's coin machine. Very few banks will accommodate that, but the chances of a great score are higher and you don't have to unroll.
    Back-of-the-boat likes this.

  3. #3
    us
    Dec 2006
    1,892
    64 times
    I would read the thread on this page about Beginners Guide to Coin Roll Hunting.

    Most FAQS have already been addressed.

    BEGINNERS GUIDE TO COIN ROLL HUNTING!!! + TERMS (treasurenet.com)
    fistfulladirt and Immy like this.
    "You can't win if you don't play"

    "Behind every dark cloud is a silver lining"

    "If you're prone to motion sickness, this "roller coaster" hobby may not be for you "

  4. #4

    Jan 2021
    4
    2 times
    All Types Of Treasure Hunting
    Quote Originally Posted by casadmack74 View Post
    So today was my first day coin roll hunting. https://9apps.ooo/
    I really did not know how to start off I live in California and called my local chase and asked if they had any half dollar coins. Luckily they were the only one who had a case of $500 worth of half dollars. I bought it and found four 40% silver coins, one 1965, one 1966, and two 1968, I also found this intresting shiny half dollar from 1987-P. I was wondering how do you get money for the coins and what if they are in bad shape? Also what is a good way to continue this without spending too much money. I want to do dimes next as I heard they have the second highest silver content next to half dollars. I was wondering what other banks I can use in California, I know that Golden 1 Credit Union is ruled out or so they have told me. Please list tips and suggestions! Thanks!

    issue got solved

 

 

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