The answers should be numerous. My bank will not take back coins unless you run them through their version of a coinstar machine. One of my banks costs 2%, the other 5%. Wallysmart is 9.8%.
I generally take small volumes to the 5% cost bank because it's close to where I work. Larger amounts I take to the 2% bank. When I'm tired of lugging around large numbers of pennies I just ditch them at Wallymart.
Small rolls or singles of halves I spend at face value. I have been very successful in teller trays, due to three individual scores in 2013. Most times I'd get 2 error pennies in $25 worth. Also Am averaging 1 silver dime in $100. My half boxes have been dismal. Best results were from individual rolls at the bank.
My saving grace is from work I'm only a quarter mile from the bank. So there is no gasoline or travel expense. I don't sell any coins. It's hard even for me to figure out how much the hobby has cost.
Because of the three individual scores (1 coin was worth $400), I'm in the black for 2013, and as a HOBBY, I don't really care about the math, because for me it's the chase that counts.
But what about you? As I said, I keep the finds, just for fun, but I know some of you are trying to make some additional income, which is great, so the answers will vary. Thanks.
I generally take small volumes to the 5% cost bank because it's close to where I work. Larger amounts I take to the 2% bank. When I'm tired of lugging around large numbers of pennies I just ditch them at Wallymart.
Small rolls or singles of halves I spend at face value. I have been very successful in teller trays, due to three individual scores in 2013. Most times I'd get 2 error pennies in $25 worth. Also Am averaging 1 silver dime in $100. My half boxes have been dismal. Best results were from individual rolls at the bank.
My saving grace is from work I'm only a quarter mile from the bank. So there is no gasoline or travel expense. I don't sell any coins. It's hard even for me to figure out how much the hobby has cost.
Because of the three individual scores (1 coin was worth $400), I'm in the black for 2013, and as a HOBBY, I don't really care about the math, because for me it's the chase that counts.
But what about you? As I said, I keep the finds, just for fun, but I know some of you are trying to make some additional income, which is great, so the answers will vary. Thanks.
Upvote
0
