House Hunting

[Jose Coinseco]

Bought a Brookstone coin sorter for $32 this weekend for my 12 year old daughter. She walked our street starting with $1000 in bills (and me sitting in the car watching) and went to 6 houses as a coin collector and offered to buy all the coins in their house for 90% which is the same as coinstar. She brought home $1,022.53 two and a half hours later. We then unwrapped the rolls and hunted and rewrapped. Found 12 wheats, 3 war nickels, 3 rosies, 8 40% halves, 2 Franklin halves, and one 1886-O Morgan silver dollar -- all the quarters were clad and totaled over half the monetary value. The big coins don't go through the sorter but with not being that many of them they were easy to count. Plus she made $102.25 on the discount and went to the LCS and bought three ASEs. She told everyone that she would be back the first weekend of each month.

Go to the coin, got to get to it before it reaches the banks. There is a ton of it out there. Going to go to her grandparents retirement home this weekend and do some more "house hunting". I call her the Human CoinStar, she calls us American Silver Pickers

Here's the Morgan, will post the rest of the pile later.

 

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[Easy]

where i live, people slam the door at your face if you offer to sell them some chocolates!

Lol yea they obviously don't live in the city.

That being said its a great idea. If your a kid of the right age you could kill it. Forget about the silver you made 100 bucks off the top. That's more silver than you'll hope to find in a box.

 

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[Easy]

Bought a Brookstone coin sorter for $32 this weekend for my 12 year old daughter. She walked our street starting with $1000 in bills (and me sitting in the car watching) and went to 6 houses as a coin collector and offered to buy all the coins in their house for 90% which is the same as coinstar. She brought home $1,022.53 two and a half hours later. We then unwrapped the rolls and hunted and rewrapped. Found 12 wheats, 3 war nickels, 3 rosies, 8 40% halves, 2 Franklin halves, and one 1886-O Morgan silver dollar -- all the quarters were clad and totaled over half the monetary value. The big coins don't go through the sorter but with not being that many of them they were easy to count. Plus she made $102.25 on the discount and went to the LCS and bought three ASEs. She told everyone that she would be back the first weekend of each month.

Go to the coin, got to get to it before it reaches the banks. There is a ton of it out there. Going to go to her grandparents retirement home this weekend and do some more "house hunting". I call her the Human CoinStar, she calls us American Silver Pickers

Here's the Morgan, will post the rest of the pile later.

<img src="http://www.treasurenet.com/forums/attachment.php?attachmentid=683409"/>

<img src="http://www.treasurenet.com/forums/attachment.php?attachmentid=683413"/>

Question : how do you pay someone 90% for there jar of coins at the doorstep? That a pretty nice coin machine if you can carry it around the neighborhood like that?

 

[Jose Coinseco]

It was done inside with me on speaker phone and parked out front ("My dad's on speakerphone if you have any questions for him that I can't answer"). Every house invited her in - usually sat at the kitchen table (it was around lunchtime and just about everyone offered her food as well, which she declined except for a can of Coke and an unopened box of chocolate covered macadamia nuts that a lady on a diet pleaded with her to take out of the house). Took about 20 - 30 minutes at each house to run their coins through the sorter, total it up, and pay them the 90%. I don't think you could do it at the door because the inexpensive coin sorter we used sorts into wrappers that you need to take off when they are full. She then put the wrapped coins into her backpack plus any larger unwrapped ones before heading to the next house. We stopped after six houses because we were almost out of bills and a couple of hours was long enough the first time out. We then unwrapped, searched, and re-wrapped at home and deposited the coins on Monday. Quarters were a bit of a hassle as there was no silver and over $600 worth -- but the 10% cut sure made them worthwhile. Maybe there is an easier way to do this and we are open to suggestions as it was just a trial run last weekend of an idea we had been kicking around. The nice thing about the sorter is that it just sorts by size and doesn't reject anything or type as long as it is the right size.

She's thinking about hosting a Cash for Coins neighborhood party and invite everyone that wants to to show up on Sunday afternoon to swap their coins for 90% in bills, we have over 400 homes in our neighborhood so it would be easier if them came to her! The retirement home will be interesting this weekend as everyone knows her grandparents and there should be more older coins.

 

[Wickaboag]

I like the idea of having a "cash for coin Party", I DO NOT like the idea of you letting her go into houses alone,
I mean, I'm sure these aren't strangers houses.. Great jobs on the finds, love the idea of it!
Keep us posted!
Wicka

 

[namster]

I would not, under any circumstance, allow my child into the home of a stranger alone. Not even while on speaker phone. I think its a great idea, but I would make some adjustments if I give it a go some day.

 

[Senor]

Maybe combine the "cash for coins" idea with someone's yard sale. Tell them it'll help attract customers to their sale so you don't have to cut them in.

 

[skimel]

Great idea, but I don't think it would work too well minus the 12 year old girl! Lol!

 

[Jose Coinseco]

I like the idea of having a "cash for coin Party", I DO NOT like the idea of you letting her go into houses alone,
I mean, I'm sure these aren't strangers houses.. Great jobs on the finds, love the idea of it!
Keep us posted!
Wicka

She does fine, she has a lesche and knows how to use it!

Actually, this is the type of neighborhood where the kids jump on their bikes about 10 A.M. on Saturday morning and you may not see them until sunset, or you may have a dozen show up at your house to eat lunch and go swimming. Although we do track them on their iphones without them knowing it

I am worried for you walking with all those boxes of coins a mile each way or hauling them on a trike. You need to get a lesche now that you are a MDer and wear it in a scabbard on your belt

 

[Wickaboag]

She does fine, she has a lesche and knows how to use it!

Actually, this is the type of neighborhood where the kids jump on their bikes about 10 A.M. on Saturday morning and you may not see them until sunset, or you may have a dozen show up at your house to eat lunch and go swimming. Although we do track them on their iphones without them knowing it

I am worried for you walking with all those boxes of coins a mile each way or hauling them on a trike. You need to get a lesche now that you are a MDer and wear it in a scabbard on your belt

Lesche?

 

[GarouLady]

If I did that with my neice or nephew I would get a shotgun in the face. And we aren't in detroit. We are in rural michigan near the pinkie. But in town with all the retirement homes and brownstones, I bet someone would make a serious amount of money here.

Hugs and Smiles,
Garoulady

 

[Xiao en]

I like this idea on many levels.....
first off your making 10% off the top just on the exchange.
Second any silver your getting is a bonus on top of the 10%. est. 100.00 melt
Third Every house has a change jar
Fourth saves them time for the coins to walk out thier door, they have cash in hand and no time at the bank to exchange for most is worth the 10%.
Your 1000 dollar investment netted 200 bucks less time and gas

Good idea and well done

 

[Jose Coinseco]

Lesche?

A Lesche digging tool is the most popular and by far the best tool to recover targets used by metal dectorists, eight inches of cutting magic. Cost about $35 and last forever.

Plus it looks cool

 

[Wickaboag]

I wouldn't use that unless I had to poke someone with it. :0

 

[Adamkir]

Great Idea bud.. Time to get my own ten year old out there a choppen. Lol Maybe I should send him off on his own carrying that wicked shovel... X-P hehehe Only joking..

.

 

[canaboy123]

bills

Federal Reserve Note.

 

[Adamkir]

Federal Reserve toilet paper...

 

[44_Dimes]

where i live, people slam the door at your face if you offer to sell them some chocolates!

You live in NYC right. Haha Northerners.

This is the best idea that I have ever heard on this website.

 

[Myrick]

I was about to start trying this idea out myself, good job opening the frontier.