Why mark the coins?

[renegade_7]

I noticed that several halves I acquire have been marked with usually an "X" or a dot or two dots or something similar. Who does this and why? Are they just curious to see if that coin eventually finds its way back to them, or is there a different reason?

 

[Dozer D]

You answered your own questions. Chances are probably 1-in-a-billion that they come back in 6-months.

 

[port ewen ace]

IT'S STOOOPID

 

[JJDEMARAY]

If you are doing large volume, finding where the coins end up is important. You want to dump coins in a bank that has a different courier service than the one you pickup from. I mark worn 71 and 76 coins. It works for me, but it's not for everyone.

HH,JJ

 

[JJDEMARAY]

You answered your own questions. Chances are probably 1-in-a-billion that they come back in 6-months.

Incorrect

HH, JJ

 

[lookingharder]

My girls used to draw letters and other marks on dollar bills to see if they would ever get them back. Small town amusement I guess.

 

[Dozer D]

JJ: since you mark coins, have you ever got your own coins back, and if so, what vol & frequency?

 

[JJDEMARAY]

JJ: since you mark coins, have you ever got your own coins back, and if so, what vol & frequency?

I've had thousands come back. I've had the same coin come back 5 times before. Fastest ever was 3 weeks.

HH, JJ

 

[Bodkin]

I guess some of this makes sense. But YIKES!!! People have a lot of time on their hands!

 

[Scott W]

My favorite good coin roll finds are the ones that show up right between two marked coins.

 

[JJDEMARAY]

I guess some of this makes sense. But YIKES!!! People have a lot of time on their hands!

I only mark about 50 a month now. Used to do way more volume.

 

[LooseChange]

Don't mark coins. It is utterly useless - no matter how much volume you do. All that marking dumps accomplishes is rubbing the hobby in the face of the banks and coin processors - that they are being manipulated and taken advantage of for this frivolous enterprise of ours.

Don't forget that, essentially, the only way that half dollar bags ever fill is if you or some other hunter dump into them. Either you are getting stuff that is stirred up by another hunter, or you are stirring stuff up for yourself (or for another hunter). The only input you should use to guide you where to dump is wherever they take your dumps for cash. The only input you should use to guide you where to source is wherever produces keepers at an acceptable rate.

 

[JJDEMARAY]

Don't mark coins. It is utterly useless - no matter how much volume you do. All that marking dumps accomplishes is rubbing the hobby in the face of the banks and coin processors - that they are being manipulated and taken advantage of for this frivolous enterprise of ours.

Don't forget that, essentially, the only way that half dollar bags ever fill is if you or some other hunter dump into them. Either you are getting stuff that is stirred up by another hunter, or you are stirring stuff up for yourself (or for another hunter). The only input you should use to guide you where to dump is wherever they take your dumps for cash. The only input you should use to guide you where to source is wherever produces keepers at an acceptable rate.

You believe what you want to believe, and I'll do what I know works.

HH, JJ

 

[renegade_7]

Well, that was interesting. Thanks for all the insight; always wondered.

 

[LooseChange]

You believe what you want to believe, and I'll do what I know works.

HH, JJ

Sorry Mary, but this isn't about you. Why try to hijack OP's post and make it that way?

renegade 7 asked a specific question. You gave your opinion to OP and others (including me) have done the same. That's enough. Getting whiny over it isn't persuasive.

 

[LooseChange]

IT'S STOOOPID

actually, it's ST-OOO-ooo-OOO-ooo-PID
What happens is someone marks some coins and dumps them somewhere believing that they are about to learn the secrets.
Then, they see some of their marked coins and go AH-HA, I figured it all out.
It is the classic case of seeing evidence of exactly what you are looking for - regardless of any other observable evidence.

It's like putting green food coloring down your sink every day for month and then "discovering" that that made the water in the pond at the golf course turn green after awhiile.

 

[GlenDronach]

You believe what you want to believe, and I'll do what I know works.

HH, JJ

JJ, Are you dumping and picking up from different suppliers? Are you finding them back in your own supply?

 

[JJDEMARAY]

JJ, Are you dumping and picking up from different suppliers? Are you finding them back in your own supply?

I try to do this. I do get some old marks from 7-8 years ago. I have changed suppliers over the years(and where I dump)

HH, JJ