![]() ![]() The bags you deposit need to be accurate. If you put in thousands of coins into a coin machine then it could jam up. This can be the best option if you are doing a lot of volume. It would be the same type of machine as Coinstar except you wouldn't have to pay a fee.Īnother option is to ask the bank manager if they will accept loose coins in plastic bags, the same ones that their courier uses. One option is to find a bank with it's own automatic coin machine. You want a dump bank that will accept loose coins because it takes too long to roll coins by hand. Search through all the coins and keep the coins that are valuable, and then deposit the rest at your dump bank. The general rule is to never dump your coins at your pickup bank. For example you could have a standing order of 5 boxes of half-dollars every week. The pickup bank is the one that you will order your coins from. ![]() ![]() Find ones that don't charge you any fees related to coin roll hunting. You want it to be as time-efficient as possible.įirst you need to find the right banks. Getting started is simple enough, but you want to make sure you set up a proper system. But over the long term it's probably best to just buy silver from reputable dealers rather than spend a bunch of time searching through rolls. Therefore this hobby could become more profitable in the future. However it's possible that the price of silver could rise. It's best to think of it as a hobby that you can make some money on- just like with metal detecting. At best it's a part-time job and that will depend on how good you are. If you want to sell most or all of your coins, then you need to have at least one good buyer who will pay you at or slightly above spot price. If you search for error coins then it takes much longer to go through a roll. You can go through a bunch of rolls without finding any silver. It's getting harder to find good coins as the amount of silver currently in circulation is decreasing. For example if you are collecting state quarters then you can search for ones that are missing from your coin collection. These are coins that you can add to your own personal collection. Lastly you can look for commemorative coins. But you really need to know what to look for so it helps if you are a coin expert or at least well-versed in some of the different error coins. Certain rare error coins can be worth thousands of dollars. Learn more about pennies in our copper penny guide.Īnother popular option is to search for error coins. With the current price of copper, the bullion value of a copper penny will be about two cents. It's not difficult to find copper pennies in a penny roll, although profits will not be high. Any penny minted before 1982 is 95% copper. The older pennies such as the Indian head cent (1859-1909) and the wheat cent (1909-1958) are valued for their copper content as well as their numismatic value. In addition to silver you can also search for valuable pennies. You can see the current value of every silver coin with our US silver coin calculator. Nickels minted from 1942-1945 are 35% silver and are known as war nickels. ![]() Half dollars from 1965-1970 will be 40% silver. Dimes, quarters, and half-dollars minted before 1965 will be 90% silver. What is junk silver? It's United States coins that contain significant percentages of silver. Junk silver coins are the easiest and most popular coins to look for. Keep reading to learn more about how to coin roll hunt. Once you search through the rolls you then deposit the non-valuable coins back at the bank. The easiest and most convenient way to get coin rolls is from banks. Coin roll hunting is the process of searching through rolls of coins in order to find valuable coins. ![]()
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