So I have 1 1968 half out of 9,000 coins, why am I doing this?

[srj19]

The only coin I found was in the 8th roll I grabbed from the very first box.

I'm thinking that odd are against CRH'ing for silver in densly populated areas. At least that's my experience.

By the way, when a small town bank requests halves do they typically come from that regional area? I can't imagine it would be cost efficient to ship massive amounts of coins from hundred of miles away, but that doesnt mean it doesnt work that way.

I did find an error today. A well circulated half with only the middle of "Liberty" and parts of the perimeter and date either not present or extremely faint. What's that sucker worth?

Scott

 

[srj19]

I botched my count initially, I'd looked through 4.5 boxes or 4500 coins.

I can say this, so far every single thing I've found (out of 3 good boxes) came from the same bank. So guess which bank I like?

 

[JD-GA]

Ugh...This is why many people never make it in this hobby and the reason the diehards find the silver. Its just persistence. East coast/ west coast is all crap. Whats to say people from the silver rich east coast didnt move to california with their silver then turn it in there? Its just a matter of you getting to the silver before someone else does and waiting till some unknowing person turns some in. That means persistence pays.

 

[srj19]

What is everyone's experience when then find a rich box, are the other boxes from that pick up also rich or at least better than normal?

I can't imagine what I might have found if I'd had another 2 boxes.

 

[T-Candy]

Boxes are garbage. I personally invest more time scouting out small town banks for customer wrapped rolls.

 

[srj19]

T-candy, have you done any seaching at all of boxes coming out of the small town banks? I thought possibly (if they were really out in the sticks) that their boxes might be better since the coinage might come from a more rural, less cirulated, and older population source instead of being trucked out to them from possibly hundred of miles away.

 

[JD-GA]

Srj-- Heavily populated areas offer lots more opportunity giving that more people go in and out of a single bank. This means more chance that people with silver go in and out. With more population this means chances are there are more crhers too. That being said small town banks who have only a handfull of folks visiting per day means fewer chances of people turning in silver BUT and this is a huge BUT, it only takes 1 crher checking ever few weeks to completely ruin your chances of getting silver in a small town bank. You have to find that needle in a hay stack where that small town has no crhers and hasnt gotten enough halves to have been shipped off yet.

Road trips produce a much higher percentage in silver per coin searched because you are getting to them before they are being sent out and distributed further. However you may not find $100 to search in a day doing that. I can say this, last year when i was doing road trips hardcore my average silver per box dropped dramatically. Its like I was taking the silver from myself almost. So just vary your search, do some stats, and choose what works best for you.

 

[T-Candy]

T-candy, have you done any seaching at all of boxes coming out of the small town banks? I thought possibly (if they were really out in the sticks) that their boxes might be better since the coinage might come from a more rural, less cirulated, and older population source instead of being trucked out to them from possibly hundred of miles away.

^ I haven't come across any boxes that have been sitting for any amount of time, and as the small town banks receive their ordered coinage from the nearest district supplier I doubt that there would be a noticeable difference. Personally I speculate on areas where those who might have the need to return their change reside. Poorer areas and backwoods banks have paid me well. I've also found credit unions to be highly yielding, especially those near closed communities and wealthy areas. Credit unions are rarely utilized by outsiders in areas like these, and I've found that those who deposit apparently aren't sharp on the value silver.


--> Regardless of how you go about the hunt it can be disconcerting at times. Persistence is key, and in the end if you bust you haven't wasted anything but time.

 

[srj19]

T-Candy, your comment on poorer areas is similar to what I was thinking (that as the ecconomy worsens there will be more coins coming in from people who remember that jar in the basement or garage. As well as kids and that grab a few from the jar, and spouses or children of older collectors who cash in on what they think is just idle money sitting there unused.)

It would be interesting to set up a database where counts and types are entered nationwide and to see the amounts coming in on a large scale over time.