Getting started

[onecvj]

I started buying some 90% silver halves at a coin shop a couple weeks ago. Since then I've stumbled across this forum and it seems like a fun way to add a little more silver to my stash. He sells them a little below spot, so I thought I was getting a good deal, but you guys get the best deal around and the thrill of the hunt, so I thought I'd give it a try.

Last time I was at the bank I asked if they had halves, and of course they didn't. They did say they could order some, though. I'm only a member of one bank, a BoA, so would it be best to have them order a box and then return them somewhere else? Or order them somewhere else and return them to my bank? Also, should I just bring them back loose or rolled?

 

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[prizm II]

I'm still new to this (5 weeks), what works for me is to buy the boxes ($500) at the bank that has my home loan and turn the loose halves in at my credit union as they have a coin counting machine. I never turn in coins where I pick up and never buy coins where I drop off. In the past 5 weeks searching 10 boxes and about another $1000 from different banks I have found
53 40%, 4 90%, 1 proof, 5 2002-2005 and 52 Ike dollars (ask for large dollar coins when looking for halves).

 

[onecvj]

There are a couple BoA branches in my town, do you think it would be OK to buy from one branch and return them to another? Would they frown upon that or do you think they would even notice?

 

[prizm II]

For me the main thing was to return my searched coins to a place that had a coin counting machind so I would not have to roll them. Ask at the bank if you can bring in loose coins if it isn't too much trouble for them. Remember, if you get into this you will be returning thousands of coins!

 

[prizm II]

Also, don't worry about being a member except for ordering and depositing coins. In the past 2 weeks or so I have been in 20 different banks to buy what ever they had ( only a member at one). Don't forget the banks inside the food stores.