Aww yeah, my first of many (hopefully)

[DarkRider23]

A little background for those interested: I'm a 21 year old college student always looking for ways to make money. I'm about to land a job at a bank (can't wait for this so I can cherry pick! :P) and I run my own eBay store. Even so, I find myself with way too much time on my hands, so I'm going to take up this hobby to build up my coin collection and make money in the process. My grandfather got me into coin collecting when I was younger and I kind of gave it during my Jr. year of high school because In didn't have the money for it.

About 2 days ago, I discovered that pre-1983 pennies were worth 3 cents at the minimum due to their copper. I thought to myself "Interesting, I'll have to look into this some more." I did and it brought me to a website called Coinflation, which is actually pretty interesting. I never thought that coins in circulation could be worth more money than face value, so I thought about looking into this even more. I let a day pass by and decided to do a quick google search to see how people find these coins and I stumbled upon this site. Thanks to CoolCash's guide, I got my first silver half dollar today.

I went into my bank to deposit a few checks and asked if they had any halves. They only had 10. It kind of sucks because I was ready to buy an entire box, but it's not the end of the world. I originally planned on waiting until I got home before checking the coins, but the suspense was killing me. I sat in my car looking for any silver coins and stumbled upon my first. It was the last coin of the bunch I checked and it was a '64 Kennedy. 90% silver as my first find is great, if you ask me. I can't wait until tomorrow to go out and check out other banks. Living in a highly populated area is a huge plus. There are banks literally everywhere around here. I would guess there are about 100 banks within a 10 mile radius of my house.

I still have a few questions, though. Do banks typically care that you drop off all your skunks there? Do you hand them to the teller or use a machine? I just don't want to be "that suspicious looking guy" dropping off $100+ of half dollars every so often.

How do you all store your coins that you plan on keeping? I don't want to just throw them in a jar. I would like them to be somewhat taken care of.

What is the typical fee some banks charge when you want to order a box of halves? I asked my bank if they could order me a box and they said they don't do it .

This coin shall be known as my lucky coin from now on.

 

[BuffaloBoy]

Nice find!!! hopefully many more to come your way!!!

As of the fee for half dollar boxes, my local half dollar-ordering bank told me that I can order as many half dollar boxes($500) as I want for no extra charge(FACE VALUE)- As long as I purchase all the boxes I order and do not return them to the bank(I think they had some issues with someone dumping with them before)...

All the tellers in that bank are very nice to me, I plan on picking up 2 boxes of half dollars I ordered last week next week sometime, they messed up the order due to the holiday weekend, so they are a week late, no problem at all. I do not do no more than 2 boxes a month because dumping in the free coin counter becomes an issue, the bag fills every $100, so I do not want to be considered too much of an annoyance.

I usually dump $400-$650 at a time, they don't mind because someone else dumps $2500 at a time at the same bank.

HH
BuffaloBoy

 

[Emperor Findus Cladius]

How do you all store your coins that you plan on keeping? I don't want to just throw them in a jar. I would like them to be somewhat taken care of.

Most of your finds will be common dates. I would just get some paper rollers and wrap them up in that when you get twenty of each (40% and 90%)

 

[ancesthntr]

"I still have a few questions, though. Do banks typically care that you drop off all your skunks there? Do you hand them to the teller or use a machine? I just don't want to be "that suspicious looking guy" dropping off $100+ of half dollars every so often.

How do you all store your coins that you plan on keeping? I don't want to just throw them in a jar. I would like them to be somewhat taken care of.

What is the typical fee some banks charge when you want to order a box of halves? I asked my bank if they could order me a box and they said they don't do it."

Some banks don't care if you dump your coins there, but it depends on the bank, and sometimes even on the branch. You have to ask, though I've found that it usually helps to have an account there. Some banks, like TD, have coin counting machines. Credit unions usually offer to let you dump for free if you're a member...but, again, you have to ask. Check out this site for bank information for your state: http://coincounterdatabase.wikispaces.com I would take special care NOT to dump at banks from which you order coins - that is THE big "no-no" of this hobby. It isn't good for you (you will get banned from ordering), and it is likely to make a bank manager either start charging everyone for orders, or to stop ordering for everyone but large commercial customers. Have 1 or 2 "dump banks" and pick up from a variety of others. You can open accounts for $10 or $25 in most places, so why not do that? Don't even dump at a different branch of a pick-up bank.

I store my common finds in paper rolls - and if you CRH, you'll get PLENTY of rolls. Special coins get put into a 2x2, but it is rare for me to find them in a good enough condition to warrant a 2x2.

As for banks charging, that is on a case-by-case basis. I have found enough that don't charge to never have paid for CRHing. You shouldn't have a problem if you are an Ebay seller - you have a business, and that makes you more valuable to a bank than an ordinary Joe. Ask, that's all. The worst that can happen is that they'll say "no" - big deal, go to the next bank and ask there. You only need one or 2 "yes" answers and you'll have more coins to search through than you can shake a a stick at.

HH!

 

[brendan1414]

I place my coins in a drawer, and look at them all the time. Its a nice hobby to get into, and they dont care if you drop off halves in quantities of under $1000... they may even be used to it. have fun and HH!

 

[CHAINCHOMP]

welcome to this wonderful and addicting hobby! u put my junk silver in clear plastic "whitman" brand rolls from my coin shop, to prevent toning...i guess it doesnt matter, cuz its junk silver, but i like my coin s to at least look nice, instead of having a bunch of crappy looking brown and black toned coins good luck, and nice find you already got there! keep it up and hh! [R.I.P. Rich Hartford]

 

[Gaijun1]

Keep Huntin Brother

 

[apush]

Hi Darkrider,
One tip is to be very nice to the tellers. Be helpful. I always ask how they want things done, i.e., in bags, rolled, etc. Anything to make their lives easier has always helped me. And, if you happen upon a really great teller who will save coins for you, bring them a box of candy every blue moon.

For me, I bring my tellers scratch-off lottery tickets. They love them--at least mine do. One of my tellers won $20 bucks and she now saves any "different" type coins for me. I even bring lunch for them during the major holidays. Starting off I did not, but after I built my pile and resources up--so to speak--I added perks for the banks I make transactions with.

Hope this helps a bit.

Good luck in college!

apush