Coin Roll Hunting, Is It Worth It?
When I started my silver journey years back. I watched a you tube video on coin roll hunting, I thought to myself what a cheap way to increase the amount of silver.
Now for those of you who do not know what I am talking about, let me explain.
U.S. coins that are dated 1964 or earlier, where made with 90% silver. This only includes quartes, dimes,half dollars and dollars, it did not include nickels.
Now after 1964, the U.S. only used silver in half dollars and dollars. They were produced with 40% silver and only include dates of 1965-1969.
Nickels were only produced with silver from 1942-1945 and only contained 35% silver.
Now back to coin roll hunting. Basically you would go to the bank and buy a box of coins. Go home and go through them to see if there were any silver coins in the rolls.
I used to have very good luck with this several years back. I guess over time these coins are quickly disappearing. Some people claim that it depends on where you are at in the U.S. , if you can still find silver coins from bank rolls.
I did go through a dry spell for about 8 months were I just wasn't finding anything, so I stoped. Well that was about a year ago. Yesterday I was at the bank trying to make a deposit through the ATM but it wasn't working, so I had to go in. Well the same teller was there from years back. She told me that she had 2 boxes of half dollars would I be intrested in buying them. Of. Course I asked the important questions.
1. Is it a sealed box.
2. If not a sealed box are they banked rolled or hand rolled. ( never get hand rolled)
3. How long have you had it.
These three questions need to be asked if you are going to coin roll hunt. You always want a sealed box.
They have only had the boxes for 2 weeks. (I was worried that this could be a box that they have had since the last time I got a box from them) So I bought it.
Now a box of half dollars will cost you $500.00. Now of course you can sell it back to them when you get done so really your just swapping currency for coins.
So last night I couldn't wait to go through it, these boxes had resparked my intrest in coin roll hunting. It took me 1 hour to go through 100 $10. Rolls.
Here are the results.
1 1965 40% silver half dollar
5 1966 40% silver half dollar
4 1967 40% silver half dollar
3 1968 40% silver half dollar
1 1969 40% silver half dollar
My 2 pocket rounds as proof it is me.
Now each one of these half dollars contains .147 oz of silver.
So basically this hunt produced, 2 oz of silver, with a cost of $7.00. (Price of 14 half dollars) all in all not a bad box.
So my question to all my fellow stackers,
Is coin roll hunting still worth it?
Follow me @raybrockman
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