Pick up/dump plan, any thoughts?

[mws_1984]

I have this plan but wanted to know some thoughts on whether it seems efficient enough. I know I'll probably get some responses of "whatever works for you"
But anyhow I have my original bank from when I grew up still(no location within reason to where I live, so only go there when I go to visit home, even though it's only 20 minutes away. A credit union where I live and a few Bank of Americas where I pick up boxes cause they don't require you to have an account.

My plan is to pick up boxes at B of A, dump at my hometown bank cause they take rolls and possibly pick up at my credit union. Also might dump there since they have a free sorter to use. That's in case I ever get bogged down with coins and don't have the time to roll them or can't make a trip to my other bank to dump rolls. I might even want to pick up at my hometown bank since it's not a national chain or anything so maybe some CWR or some old stuff dropped off by someone, never know. To ensure I don't search anything I dropped there I am marking my rolls so I know they were mine.

Sound like a plan or do plans really never work and I should just do whatever works out best. I probably could care less if I searched something twice but will try to avoid that at all odds.

 

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[Coppercrazy]

That sounds like a really good plan. You will just have a problem getting in a lot of volume if you so desire. But That's basically what I did my first few months, except I also drove around to banks I didn't have an account at and asked for coins. Some would sell to me, some wouldn't.

I have 5 checking accounts now at 17, but only 1 Branch in my area orders for me, so I have WAY too many dump banks. I have to wait until I'm 18 to open up 3 more, possibly 4 to be able to order more coins.

 

[mws_1984]

Yeah I plan to do this on a small scale when I have the time. So seems efficient enough for me. I'm not about to go too far out of my way. Plus not sure where else I can pick up boxes besides B of A. A person I know used to be a teller and said no problem to buy boxes without an account. So far no issues.

That sounds like a really good plan. You will just have a problem getting in a lot of volume if you so desire. But That's basically what I did my first few months, except I also drove around to banks I didn't have an account at and asked for coins. Some would sell to me, some wouldn't.

I have 5 checking accounts now at 17, but only 1 Branch in my area orders for me, so I have WAY too many dump banks. I have to wait until I'm 18 to open up 3 more, possibly 4 to be able to order more coins.

 

[crhgymnast1]

That sounds like a really good plan. You will just have a problem getting in a lot of volume if you so desire. But That's basically what I did my first few months, except I also drove around to banks I didn't have an account at and asked for coins. Some would sell to me, some wouldn't. I have 5 checking accounts now at 17, but only 1 Branch in my area orders for me, so I have WAY too many dump banks. I have to wait until I'm 18 to open up 3 more, possibly 4 to be able to order more coins.

are you able to open them by yourself

 

[Omega]

I am also 17, I have accounts at 9 banks, and like 6 accounts at one bank I think haha. I only dump at one specific bank and order from all the others. Honestly you just need to test the waters in your area. It took me 4 months to set up the system I have now, and I think I've finally got it. If I were you, I would just open an account at BoA, they are the BEST to order from. And then dump at CU's if your doing small volume, or other large banks like Wells, 5/3, PNC, Chase, depending on where you live. I wouldn't dump at your "home" bank. I was occasionally dumping at the bank I grew up at (2 boxes a week if that!), and a few weeks ago they told me not to come back. Luckily I can keep my account there, but I just can't go to that branch. And those accounts are what I have hooked up to PP and eBay and everything else, so I would have been screwed if they shut me down. So just make sure you plan out your dumps, make sure they banks are okay with it, bring the tellers treats, all this stuff will help save your account. Last thing, you should DEFINITELY dump at those coin counters. Don't spend the time to re-roll. Coin counters or bags are just about the only way to go about in this hobby.

 

[Coppercrazy]

are you able to open them by yourself

2 of them I opened myself.

 

[wild eyed willey]

I have been reading these posts for weeks now, I can't figure out what your all looking for My guess is your looking for silver dimes ( mercury). but unless I am wrong, most dimes are 90% silver and 10% copper, even the new ones. so I ask again, what exactly are you all looking to find in pre rolled coins from the bank

 

[Iamrussell]

I have been reading these posts for weeks now, I can't figure out what your all looking for My guess is your looking for silver dimes ( mercury). but unless I am wrong, most dimes are 90% silver and 10% copper, even the new ones. so I ask again, what exactly are you all looking to find in pre rolled coins from the bank

You're kidding right? Oh man I wished all the new dimes where 90% silver- the government keeps printing monopoly funny money but havent made the real stuff for decades

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just keep stacking, just keep stacking, stacking stacking stacking

 

[Coppercrazy]

I have been reading these posts for weeks now, I can't figure out what your all looking for My guess is your looking for silver dimes ( mercury). but unless I am wrong, most dimes are 90% silver and 10% copper, even the new ones. so I ask again, what exactly are you all looking to find in pre rolled coins from the bank

I'd read the beginners guide at the top. Dimes post 1964 are NOT silver at all and are mostly copper. I personally do not care for silver all that much. I hunt cents for varieties, errors, wheats, and sell copper pennies that are pre 1982, hence my name coppercrazy. 1965-1970 halves are 40% silver and all the ones before 1965 are 90% silver. No one really searches quarters, but same thing as dimes, pre 1965. Nickels, people search for war nickels which are 35% silver and date between 1942 (some of them) and 1945 and then buffalos which I think are pre 1937 maybe, I could be wrong. Some keep pre 60's as well. Those are the basics

 

[wild eyed willey]

but if a penny is worth a penny, and a dime is worth a dime and a quarter is worth a quarter, how do you get any profit out of it.. Even if you sell to someone else, how could that person get any profit out of the coins? or is the idea to horde the coins until the economy collapses then melt it all down and hope metal has trade value?

 

[Coppercrazy]

A silver dime is worth about $1.63 last I checked. Silver coins can be melted down at any time. A wheat penny is worth about 5 cents in collector value. A 1999 WAM variety is worth $100+ in collector value. Copper pennies are worth what someone is willing to pay, usually to hoard and then waits for the penny to be abolished then melt them down for profit.

 

[Iamrussell]

but if a penny is worth a penny, and a dime is worth a dime and a quarter is worth a quarter, how do you get any profit out of it.. Even if you sell to someone else, how could that person get any profit out of the coins? or is the idea to horde the coins until the economy collapses then melt it all down and hope metal has trade value?

I just like getting my fingers all gross and dirty looking through coins thats the only reason I look through coins - nothing special- nothing to see here- keep moving along
;-)

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just keep stacking, just keep stacking, stacking stacking stacking

 

[fistfulladirt]

I've been reading this forum for years and I still don't know what's going on.

 

[Joe777Cool]

I've been reading this forum for years and I still don't know what's going on.

This is where I set my fantasy football lineup, correct?

 

[wild eyed willey]

A silver dime is worth about $1.63 last I checked. Silver coins can be melted down at any time. A wheat penny is worth about 5 cents in collector value. A 1999 WAM variety is worth $100+ in collector value. Copper pennies are worth what someone is willing to pay, usually to hoard and then waits for the penny to be abolished then melt them down for profit.

thank you for the educated answer. just one more question, WAM? what does it stand for?

 

[50cent]

thank you for the educated answer. just one more question, WAM? what does it stand for?

Wide AM the space between AM on certain cents:
So, what exactly is a Close AM and Wide AM Cent? | eBay

or
Walking Around Money, which is a term used by politicians and CRHers by how much cash they walk around with

 

[Joe777Cool]

I find it is incredibly difficult to google things that I dont understand.

/sarcasm

 

[Joe777Cool]

WAM coins were special coins put out by the US mint to commemorate the 80's George Michael band WHAM! They are very rare

 

[Coppercrazy]

I find it is incredibly difficult to google things that I dont understand. /sarcasm

Haha I can't even tell you how many times people have asked me "What's a WAM?" Or "What's a Wide AM coin?" I have just started referring people to The Lincoln Cent Resource because I am tired of explaining it. I really feel there should be a sticky explaining all the errors and varieties.

 

[Mtldealer]

Food for thought... One of the banks I pick up from is BofA. When I go to the branches (4000x3branches) they all know about it. The armored car service in this case Brinks has all my 12K in the same truck. My going to 3 branches is more of a insurance of not taking up too much space at one bank. When I'm dumping it's the same way. The Garda guy has told one branch " oh you have Halfs... I just picked up 4k of the same for another branch. At some point there is a cluster**** and it's at the armored delivery. Unless your making a point of going to different cities and different routes (bank routes, which none of us know, for good reason) you are going to be "seen" you can't hide large deposits or withdrawals. This also applies to the actual hunting... When I "find" silver from BofA as far as my log is concerned it's not a particular branch, it's the BANK and city. I have been doing this a long time and I can't stress enough... I get my dumps back all the time but it's always being mixed up, which means to me that there is a new opportunity to find silver. I stopped tracking my dumps long ago. Who cares if it comes back and how quickly. A sort is a sort. I find other hunters marks all the time with silver so either they are missing it or it's new stuff mixed. Sorry I went on a rant.
Pick ups and dumps should (in my opinion) be at different banks. You may be able to get away with dumping at another branch of the same bank but I wouldn't let that be the biggest percentage of your dumps.