More goodies from the casino

Immy

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Can't wait to get to Vegas. Heading out to bowl in a tournement in June. I like to play Blackjack at The Orleans. They have some $5 tables there and unlike casinos around here that have $2.50 chips for paying the blackjacks, they pay with (2)$1 tokens and a half dollar coin. I keep all my Halves as a way of counting how many Blackjacks I had been dealt during a trip. I never thought to search them but the other night, after reading about coin roll searching, I searched through the coins that I had accumulated over my last couple trips. I don't remember how many there were but to guess that out of about 50, I found 1 1964 and 2 1969s. I also found a lot of others with little wear and some nice sheen. There were about 5 really nice Bicentennials in the mix.

I have never been that into coin collecting but reading this forum for over a year now, I have been getting more intrigued. Till now, I would take all my pocket change and just throw it in a coin sorter that I have. When that filled up, I would then roll the coins or put them into coffee cans and keep a count of what I deposited in the cans. A couple nights ago, I went through all the change in those cans. About $20 in pennies and found 11 assorted Canadian, one a 125 year edition, I think it was. It had two dates, 1867 - 1992. A few had flat sides to them and several others wrere round. The colors of the coins are also interesting. Some are bright and a few are a, oh,.... Mocha brown. The 125 year one seems a little reddish brown. I also found 7 wheatback pennies. I think the oldest was 1928 and the newest 1957. In the dimes, about $90 worth, I found 1 silver, (1956).

As for nickels I don't really know what to look for. I don't have any loose quarters so I didn't check the ones that I have rolled yet. Eventually I figure, I will open and search all my rolled coins.

I had never found much special with my metal detector so I would just throw all the coins that I find in a jar that I have with all the other stuff that I find. I know there are a few wheats there but don't know what they are. Only other obsolete coin I have ever found is a Buffalo Nickel that is so worn that I can't even find a date on it. I do check the dates on all my MDing finds and there isn't anything else of note there.

I have, recently, been thinking of getting some rolls of halves or whatever. I don't know that I would want a whole box. It seems, especially after what others have been saying that it would be questionable on whether I would find much of value to make it worth all the hassle. So many people already are into that. I wonder, with the reports from people who have gotten boxes that had already been searched, or finding coins that were marked with Sharpie etc., I wonder what the odds are of putting in a $1000 order and getting stuck with 2000 already searched halves. With so many people, appearently doing it, it seems that banks and the fed are cracking down in a way. I have read several posts of problems that others are having when they go to return the coins. Fed charging a fee for re-rolling the coins and banks then passing that on to the customers. Or, in one thread I read last night, about a bank that is refusing to get the coins for one customer that regularly buys boxes and other high quantities of coins. I can sympathize, to an extent, with the banks issues. For the collector, With nickels dimes quarters and pennies it isn't hard to spend them or put them into circulation and all. Use quarters for laundry and so on. But, halves are a different situation. How many vending machines even use them? Banks will probably take all the smaller coin as customers, especially merchants, use it in good quantities. How many merchants go in and stock up on halves though. So, it becomes burdensome for them to move all those coins around. You could easilly put a few rolls back by taking them and spending them here and there. However, when you have 1000, 2000 or 3000 of them, unrolled, I would think it would start to become a pain to get rid of them. Especially as more and more people seem to be out there searching boxes.

Of course, there is really little risk in doing it. You pay $500 for a box of halves. You have $500 in value from the coins. But, when your bank charges you $15 to take the coins back? I just wonder.
 

Immy,
What casino are you using? I don't want to drive over there and dump abour 10K halves there. I'd rather not mess up your %s. ;D
 

Wmas, If you start roll hunting don't buy where Joilet Jake is selling. :D
 

Congratulations once again Immy, I think you said you haven't found a 1964 half in a while from the casino. :) Good luck on your box,I hope it's loaded with silver!
 

Was just talking to someone this evening and mentioned about roll hunting. The thought came up that it wasn't that bad some time ago, especially in areas with casinos where you could dump coins on them or in machines. Or, it probably wasn't a big deal with banks or the FED who service the casinos with cash. They had a decent demand and turn over for the coins. With all the .50 machines there was probably a bigger demand for coins in such areas. However, now that more and more casinos are going TITO (ticket in ticket out) and many machines don't use, pay or accept coins anymore, I would think that the demand for halves, even in casinos is deminishing fast.

Don't get me wrong, I am not trying to put down the practice of buying boxes of coins. I just wonder, as I consider trying it, how bad or serious is the situation with banks starting to look down on the inconvenience.

This brings a question for the person from Las Vegas, sorry don't recall your name, Are there many casinos in town that still use coins at all? Most of the places I have been no longer use large quantities of coins or tokens. I am also a token and chip collector so I would be interested in knowing who still uses tokens and coin. I can see, if you get a bucket full of coins out of a machine, it would be worth while to go through it all. Like I mentioned, I found 3 silver halves in about 50 coins that I brought home from Vegas in the last few years. That plus some real nice other coins that were lightly circulated.

Here in Illinois, I don't think there are any casinos around IL and IN that still use silver, (term for coin or token). They all seem to use chips or TITO now.
 

That's right Pennyworth, the last 64-D I found was on May 12th of last year when I was in the midst of a survey of $5000 in halves over a period of six months (hence why I know the specific date). My total finds during that stretch were 22 40%-ers, one 64-D, one 1952 Franklin, one 1942 Walker, a 1971-S, 1973-S, 1976-S, 1989-S & a 2002-D.

No need to worry about where you dump your hoard goldinmypan. Most casinos take halves and even if you picked mine they'd probaby do a bank run with your 10K and I'd never see 'em.

You're right wmas, most Vegas casinos have gone TITO but some still have coin slots. Halves are unique because they're still used regularly on the poker tables. The Orleans is completely coinless but I think you can still cash in your halves at the main cage. Casinos realized that providing an outlet for people to cash in their spare change means more potential gamblers. A large local chain even accepts pennies!
 

congrats on the find. i am reluctant to get a box of halves because i know the local casino still uses halves but the slots are tickets and i don't know if the casino will take the halves.

ice
 

"The Orleans is completely coinless but I think you can still cash in your halves at the main cage."

Just curious. Has something changed there lately? It has been about a year since I have been there. Last time I played blackjack there, they still used the dollar tokens and .50 coins to pay out the blackjacks. In fact, I had picked up a handful of $1 tokens that were shiny and had the aura of being new. Asside from bag marks, they seemed uncirculated. Why they still use the tokens on the BJ tables instead of their brown dollar chips I still don't understand. Play Craps and they pay $1 with a dollar CHIP. Play Blackjack and they use the tokens. I still haven't figured that one out.

I can see your point about a casino's willingness to accept change if it meant that someone would gamble and place bets. I would imagine that a lot of people do bring in tip money or other quantities of change that they might have been able to scrape up here and there.

When I started saving my pocket change, I started by rolling the quarters and nickels so that I could take them with me when I went to Las Vegas. I would usually pack a money bag, (one of those bags that you get that has a lock) with several rolls of nickels and quarters to use in the slots and would put that in my carry on. Interesting story of the year that I went to LV with about a dozen rolls of coin and a stopwatch in my carry on. I think I had some electric wire in my bag also. Like on my phone charger or something. The guy at the security counter didn't know what to think. He emptied my entire bag due to these odd metal cylinders and a timing device. The first time I went to a casino in Indiana, I think it was Trump, I took some rolls to find when I got there that their machines didn't take change. They only used tokens. I walked around all evening with 4 rolls of quarters and several rolls of nickels in my pocket before I decided to go to a cage and see if they would take them off my hands. No Problems.

If I do take a stab at this, I will have to think about that. I guess most casinos would be big enough that you could drop a roll here and a roll there and dump a box in a couple trips out. Unless you want to lug it all with you in one trip. How heavy is a box of halves? I go to local riverboats about once or twice a month. Taking 5 rolls of halves would probably not be too tough. Also, with the amount of cash that a casino circulates through a bank or the FED, perhaps the nuissance of shipping around a couple thousand halves wouldn't be bad. As a matter of scale it would probably not be that significant compared to going to a local bank branch in a small town or city where they probably don't get a demand for 1000 halves in an entire year.
 

A box of halves weighs 25 lbs.

As far as "completely coinless" I was referring to the slots. They may still do payouts in tokens and coins in blackjack or other live games. You could always ask when you're here. I'd love to know the reason.

Yeah the casinos have no trouble lugging heavy bags of coins around. They have little motorized trucks that haul that stuff to and from the vaults. They look like armoured golf carts.
 

They have little motorized trucks that haul that stuff to and from the vaults. They look like armoured golf carts.

Haven't seen one in recent years but remember, not long ago, them going all over the places with their beep beep beep. Almost been killed a couple times over at RIO by those maniacs ;D

It struck me, the first year I went out there, (about 12 years ago) they so nonchalantly would drive these trucks around the casino with a stack about 6' high of bags of change. Started to wonder why they didn't have guards around them to make sure someone didn't snatch a bag or two. Then I thought of the hernia that some guy would have as he ran for the door. I guess it wasn't really a high risk.
 

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