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Coin Roll Hunting Tips

By Edited Nov 13, 2013 0 0

How to Find Treasures in Everyday Packages

For years, coin roll hunting has been a quietly growing hobby. This modern day treasure hunt begins when you take a trip to a bank and ask for a roll of coins. Unwrapping it at home provides a small, but exciting opportunity to uncover old, valuable, or rare coins. As metal values skyrocket, this underground interest is soaring higher than ever. Serious coin collectors as well as silver seekers stand poised to have fun and possibly earn profits by embarking on a coin roll hunt. Before you begin, though, don't ignore these common sense tips for coin roll hunting success.

Set Your Goal

Part of the fun rests in the many paths to winning. You should begin by figuring out what your goal is. Are you looking for rare coins from specific mints or time periods? Or does finding older coins with precious metal value draw you in? Copper pennies, silver coins of all varieties, and wartime pennies and nickels are frequent targets in coin roll hunts.

What's commonly looked for is the following: Silver quarters and dimes (anything before 1965); silver halves (pre-1970 is 45-90% silver); silver nickels (pre-1965, WWII years); old pennies (one cents from before 1982 are copper). This isn't the extend of what you can find while coin roll hunting. Check out recommended reading such as the Coin Roll Hunting Guide, or do a Google search for an exhaustive list of rare features, mint marks, years, and other interesting features to watch out for.

Hit Different Locations

Returning to the same bank or coin machine is stagnant and may bring the same coins over and over again if new shipments are rare. If you return your coins to the bank you got the roll from, you may even end up repeatedly sifting through the same coins. Always visit different institutions or change machines to get coin rolls. This adds variety and increases the chance of a good find.

Respect Your Source

Though you should branch out when hunting down new rolls, treating the places you frequent with respect is wise. Never do too much at one time with any one bank or machine. Start with just one roll a week per source. Since most coins will be duds (boring, commonly circulated currency), most people will want to save the change and return it. This is fine, but only do it in intervals, like once per month. And, for your own privacy, keep coin switches infrequent and under several hundred dollars. Anything more may cause frustration with bank workers, and could possibly trigger extra scrutiny of your accounts due to federal laws dealing with cash and illicit activities.

Track Your Money

The last thing coin hunting should become is an expensive habit. Unfortunately, loose change is easy to misplace. To help, always do your coin hunting on a table. Carefully separate coins you want to keep from those you want to return. Some coin roll hunters opt to spend them in day-to-day transactions, but this is most practical with quarters, nickels, and dimes. Keeping a journal or spreadsheet of worthwhile finds can help illuminate successes, and make profits easier to track if you want to re-sell valuable coins.

Consider coin roll hunting the poor man's treasure hunt. It's definitely an art, and advanced strategies are available thanks to sources like the Coin Roll Hunting Guide: Tips for Collecting Antique Silver Coins in Your Own Neighborhood. Like most hobbies, there are always more efficient ways increase positive results. With these simple tips, your quest can be not just enjoyable, but potentially lucrative as well.



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