Thursday, August 29, 2013

CRH 8/29/2013 : Foreign French in Dime Rolls!

I have been having sort of a drought of coin roll hunting opportunities the last few days and finally had a chance to hit up one of my source banks for some rolled dimes, my old standby! It's been a while since I've hunted dimes.

I tore through the 50 machine-wrapped coin rolls (MWRs) but didn't hit any silver coins. I did come across two out of the ordinary 1941 coins, though. The most interesting part is that they were in different rolls. I got pretty excited since even much of the non-US coinage from that era was made with silver, but it wasn't to be.

Though they are very pretty, these 50 centimes coins from France are only made of a bronze-aluminum alloy. They are the French equivalent of the half dollar, but they're about the size of a US dime (50 centimes diameter is 18mm compared to the 17.91mm of the US dime).

There were over 82 million of them minted for France in 1941, but it seems like they can be sold for more like $1 on the internet! Some quick research shows that there are many die varieties out for these.

1941 French half dollar 50 centimes coin roll hunting find
Obverses of the 2 French 1941 50 Centimes coins found Coin Roll Hunting

1941 French half dollar 50 centimes coin roll hunting find
Reverses of the 2 French 1941 50 Centimes coins found Coin Roll Hunting

Tuesday, August 20, 2013

08/20/2013 : Foriegn Coinstar Finds!

I always try to make a habit of checking the Coinstar machines whenever I pass by them. This is partly because I'm super cheap and the idea of finding free money appeals to me and partly because of the possibility to find some interesting or valuable coins. In the past I've found US silver coins like Mercury Dimes and silver quarters hanging out in the reject slots of Coinstar machines.

Today I found some foreign coins that were in the reject slot. I don't really know much about foreign coinage, so I'm going to post these around on some of my online communities to see if someone might be able to shed some light on them.

From my very quick and brief research, the Yi Jiao coin is apparently 1/10 of a Chinese Dollar, called the Yuan (¥). I do have a very large Asian population in my city so this makes sense that it might slip into someone's coin jar.

 1 Jiao (角) = 1/10 Yuan(¥) . The Yuan is the Chinese Dollar.

1 Yi Jiao Coin Dime from People's Republic of China
 2007 Yi Jiao Coin -  1   1 Jiao (角) = 1/10 ¥ (the Chinese Dollar)

Unfortunately, I don't know much this other coin, but it sure looks cool! Let me know if you have any information on it.

Thursday, August 15, 2013

Coin Roll Hunting is Profitable! You CAN Make Money!

I’m really into coin roll hunting. It’s by far one of my favorite hobbies and I definitely enjoy blogging about it and sharing the secret with you all. I’m also pretty active on a number of forums that cover the topic and it seems that I’m always at odds with people that claim that coin roll hunting isn’t worth the time it takes to do, you can't make money coin roll hunting, and it certainly can’t be profitable. This pot was only further stirred by my blog post on here entitled “Is Coin Roll Hunting Worth It?”, which caused a lot of readers to reach out to me on the many forums with challenges. Even today I was pulled into a discussion where the profitability of coin roll hunting was attacked. To put it bluntly, those who are not profiting are just not doing it right. So, I’m determined to present my model for coin roll hunting, which works for me and may work for many of you. It also won’t work for many of you. That’s the luck with this sort of thing, and without moving or dedicating a prohibitive amount of time there’s actually nothing you can do.

Obama Change political cartoon parody
Get it? This about change!

   1. Location, Location, Location!

Cityscape yellow urban environment
First, let me talk a little bit about where I live which probably the single biggest factor contributing to the profitability of my coin roll hunting and ultimately how this is all able to make money. I live in a moderately-sized urban city. We have professional sports teams. We have a pretty strong dedication to tourism. We have skyscraper corporate bank locations.We also have a large older population of people, many immigrants, who worked their way up in the world and are now passing their estates onto the next generation. Sure, all of these things may contribute to better finds which certainly leads to better profitability, but  the single biggest key to success based on location is the infrastructure that all of this commerce necessitates in the community. There has to be enough businesses and storefronts to support of all of these people and that means that people need to make change.

There are probably between 50 and 60 bank branches that are within a comfortable walking distance of where I live and where I work. I do all of my coin roll hunting activities on foot by walking to branches that are conveniently located to wherever I am at the time. I never have to drive to any of my banks and this really cuts down on the main cost that a coin roll hunter will bear from their hobby. If I have a particularly heavy load to drop, I just make the 4 minute walk multiple times in the same day. If one teller seems tired of me that day, I just move onto another branch. Simple!

The competition between these branches also makes coin roll hunting very easy. All of the small businesses like food markets, drug stores, and souvenir shops in the market districts get their coins from these branches so any coin orders a hunter would like to add on is just “another” dime box that they’re ordering for their many buisness customers. I sometimes have to wait in line when I'm dumping my coins into the counting machines as the business members dump their weekly till. (This is also a great time to scout coins -- Is that a silver dollar right there?) The banks around don’t really complain about providing coinage because they don’t want to lose you to the bank next door (literally, it's right next door).

Even better, much of the public transportation is free (well, our tax dollars fund it!) since the city wants to ease up much of the car traffic in the city, so this makes traveling to banks even easier. Just hop on and go to another region to a whole new set of tellers who have no idea why you want a box of pennies - all free of charge.

Exploit the natural strengths of your location.

    2. Never, EVER pay a fee for coins or to return them 

Coinstar charges a 8.9% fee. This will not end well.
There’s no reason to ever pay a fee to get coins to hunt or to return them. The expected value of a box over its face value is much lower than the fee that I’ve heard of banks charging, typically between $5 and $12. Coinstars are good for finding coins in the reject slot, but almost never to return them. Trust me, you won’t stay profitable for long paying fees like their 8.9% rate. Many banks are willing to provide coins at no additional charge as a convenience to their customers and many others even offer a free coin counting machine that will save you a load of time and money on the dump.

If you don’t have access to a machine, rolling isn’t really that bad if you plan ahead and always have paper rolls available. Remember – banks will almost always give you paper rolls for free so NEVER pay for them, either!

Avoid fees at all costs and hunt aggressively for banks that won’t charge fees!

  3. Find other channels for revenue 

I’d like to think that my posts and stories of hunts and results are entertaining or at least semi-informative. But, that’s not the only reason why my site exists. Companies are willing to compensate me for the exposure they get from my readers. This just adds to the earnings from this wonderful hobby. Fortunately, having a blog isn’t the only way to generate additional revenue! Entering into various banks very frequently helps to keep the coin roll hunter informed of promotional offers that banks have available, not to mention the customer rapport that develops. I really think that a lot of offers have made their way to me based on my frequent interaction with the tellers. Just this weekend I was asked if I wanted to talk to the financial consultant at the branch since he had some new and interesting promotions to share with me.  Making more money with my money – isn’t that the goal of profitability from coin roll hunting!?!

The finds aren’t the only funding! Find the other types!

Final thoughts:
Coin roll hunting is profitable for me, but as you can see a lot of it is really just where I’m located and how I’m able to exploit my environment to make money. I also utilize my coin roll hunting hobby to launch other profitable ventures that just grow the earnings from this hobby even when I’m not searching. Many of these tips may not be possible where you’re located, but you might be able to use these tips to your benefit in your own environment and ultimately make some money by coin roll hunting and remembering your 5 Magic Words for Free Silver Coins. Those bags of money sitting around won't just be just full of zinc pennies anymore!

CRH 8/15/2013 : Bill Roll Hunting? 1969C $50 Star Note!

So you all know this is really a coin roll hunting blog, but I always ask for cool and interesting money when I'm in a bank since you'll never know what the bank teller has in their drawer if you never ask. Usually I get shown a bunch of gold dollars or maybe even a few $2 bills, but just a few days ago a teller told me she had all of those "and some old bills that you might want to take a look at". Turns out she's starting to set the cool things aside for me and youngster (about 10 years old the story goes) who also collects. That's awesome that young people are picking up interest in this hobby!   (I say this as a 24-year old...)

She showed me a bunch of things, mostly of inconsequential value or interest, but I did grab one of her $50 bills. It's a Series 1969C Star note with a small-ish serial number that starts off with 2 zeroes. There are 2 numbers under the black mark.

Unfortunately, it also has a sizable tear so I'm doubting that it's actually worth anything over $50 but it does make a cool little story. Why can't I ever have nice things!?!? All of my silver coin finds are dirty and all of my bills have tears but I guess getting circulated money is sort of the gig in both coin roll hunting and bill roll hunting?

Anyone have ideas on the value of this thing?

Circulated 1969 C $50 Star Note Found at a Bank
Circulated 1969 C $50 Star Note with a lowish serial number - doubt any value over face!

Tuesday, August 13, 2013

CRH 8/13/2013 : First Silver Half Dollar Ender!

I've finally found a bank that will allow me to coin roll hunt half dollar boxes without too much trouble. Luckily, I have very easy access to three of their braches, all within a comfortable walking distance of my home and work. I started an account with them a few weeks ago (mostly just for their convenience as a source bank for dimes and other coins) and I was very happy  that they had no problem ordering half boxes for me. This is the same branch that I got my last set of Brinks half dollars from and found a 1968 silver half, but I'm NOT going to share the name of the company so don't even ask!

This box was no different in that I found a silver but I also hit the first of a common coin roll hunting dream: the sought-after silver ender! It's even cooler that it's a half dollar roll. In all of my time searching dimes I have yet to hit an ender of any interest.

The 1967 silver JFK half dollar ender I found is very dirty, especially on the border of the JFK features. For some reason my luck is always getting me these incredibly dirty silver coins when I search through rolls. Yet free silver is good silver and I'll take all of it that I can get. That's 2 silvers in 2 boxes that I've picked up from this branch so this is working out VERY well for me by CRH standards.

That's 20 40% silver half dollars found coin roll hunting and my 48th total silver for the year (since April)!

1967 Silver Half Dollar Ender Roll From Searching Bank Coin Rolls!
1967 40% silver ender roll find!

Saturday, August 3, 2013

08/03/2013 : Saved Some Silver Dollars!

Well, not real silver dollars. I was at my dump bank, which is now a very convenient walking distance away, returning all of my sorted coins from the past few weeks of hunting when an older man came up to me and asked if he could use the machine. Being the super-smart coin roll hunter that I am, I let him go ahead of me to drop his coins in. Then, I spotted them. There were some big honking coins he was putting in, along with a handful of half dollars and gold presidential dollars. I didn't have the heart to ask him if I could search through all of his coins, but I did ask him to sell me any of the Eisenhower silver dollars that he had and was able to grab 4 before they went into the machine. I bet there were some other cool things that simply slipped away for another coin roll hunter to find sometime later!

Eisenhower silver dollars found from another customer at the bank
Eisenhower Silver Dollars are no longer very common in circulation
The Eisenhower silver dollar is a 31.8mm diameter dollar coin, making it the same diameter as both the Morgan and Peace Dollar series; the true silver dollars. The Ike silver dollar actually doesn't contain any silver at all (at least in business strikes - a 40% silver proof coin was also made) so it's not worth more than face value. However, casual collectors often have an interest in these larger-than-normal and rarely seen circulating coins and they can be sold for a very small premium.