It's no easy task finding ways to take advantage of a hot precious metals market like Silver or Gold. With it's high prices and limited availability, treasure hunters who are just now hitting the search button are beginning to feel discouraged simply because there is less and less of the valuable metals at a reasonable cost. One hotbed of activity is the simple task of what treasure seekers dub "coin roll hunting" or CRH for short. Folks head over to their local banks and obtain full boxes of rolled coins in denominations of cents, nickels, dimes, quarters and half dollars. Here's how the process works and what gains can be made as a result of coin roll hunting.
First and foremost, decide what you want to find and what you ultimately want to achieve from coin roll hunting. Of course, every denomination has something to offer, even the lowly cents provide lots to desire. As not only a collector of bullion and numismatics (collector of coins), I run through about $500 in cents a month. To some it may not seem like much, but it's what I'm available to do in the time that I can dedicate to it. I could search all denominations, but by narrowing it down to only cents, I can enable myself to concentrate on collecting a specific variety or metal. In this case, I hold on to any pre-1982 cents as they contain 95% copper and I know I can easily make double the money by reselling these online. Additionally, I search for odds and ends like doubled dies, small and large mintmarks, wheat cents, and even some older Indian Head cents. As of November 15, 2011, pre-82 copper commands 2.3 cents, common date wheat cents yield 5 cents+ and common date Indian Head cents go for 1-2 dollars a piece in good condition. Overall, cents provide a wide array of collectibility for very little overhead, I spend more in time if anything else and there's a lot to find in just one box of $25.
So what does other denominations provide? That's real easy, anything outside of cents, folks have a great shot of finding pre-1964 90% silver coins, 1942-1945 wartime silver nickles, and 40% silver half dollars. Silver is on the rise, but more and more people are going out to their banks and obtaining boxes. Any which way you decide to search, you will find some real treasures and the leftover stuff can be returned to the bank. Inspite of what you might hear about coin roll hunting, there is still a lot of silver to find in those sealed boxes. In closing, coin roll hunting is an easy way to uncover precious metals and rare coins. It truly is a treasure seekers paradise!
First and foremost, decide what you want to find and what you ultimately want to achieve from coin roll hunting. Of course, every denomination has something to offer, even the lowly cents provide lots to desire. As not only a collector of bullion and numismatics (collector of coins), I run through about $500 in cents a month. To some it may not seem like much, but it's what I'm available to do in the time that I can dedicate to it. I could search all denominations, but by narrowing it down to only cents, I can enable myself to concentrate on collecting a specific variety or metal. In this case, I hold on to any pre-1982 cents as they contain 95% copper and I know I can easily make double the money by reselling these online. Additionally, I search for odds and ends like doubled dies, small and large mintmarks, wheat cents, and even some older Indian Head cents. As of November 15, 2011, pre-82 copper commands 2.3 cents, common date wheat cents yield 5 cents+ and common date Indian Head cents go for 1-2 dollars a piece in good condition. Overall, cents provide a wide array of collectibility for very little overhead, I spend more in time if anything else and there's a lot to find in just one box of $25.
So what does other denominations provide? That's real easy, anything outside of cents, folks have a great shot of finding pre-1964 90% silver coins, 1942-1945 wartime silver nickles, and 40% silver half dollars. Silver is on the rise, but more and more people are going out to their banks and obtaining boxes. Any which way you decide to search, you will find some real treasures and the leftover stuff can be returned to the bank. Inspite of what you might hear about coin roll hunting, there is still a lot of silver to find in those sealed boxes. In closing, coin roll hunting is an easy way to uncover precious metals and rare coins. It truly is a treasure seekers paradise!
Bullion Exchanges is a trusted Precious Metals Seller established in the heart of New York City's Diamond District.
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