In order to participate in the GunBroker Member forums, you must be logged in with your GunBroker.com account. Click the sign-in button at the top right of the forums page to get connected.
find free silver
JnRockwall
Member Posts: 16,350 ✭✭✭
this has nothing to do with scottm21166 fine giveaway. But it is a way to find silver coins for face value. It just requires a little time and effort. There is a long known process called "roll searching" done by small time coin collectors and hobbist for decades.
For those who do not know or never heard of roll searching, it is simply the process by which one picks up rolled coins at the bank or the local store and you search them for silver coins.
Right now is a favorable time to be searching because of the economy, people are actually spending coins they had been holding on to and a unusally high number of silver coins can be found right now.
Here's how you do it: First you need a little money. $100 is ok, $250 is better. go to your local bank and ask for x number of rolls of dimes, quarters, and if you want half dollars (if they have them, least likely to pay off). Get your coins and return home.
Get 2 bowls, and bust one roll of dimes in one and quarter sin the other. Leave these coins here, because when you find a silver coin, you will need a coin to replace it so you can exchange the coins at the bank the next day.
Now open a roll. pour it out in your hand, looking at the side of the coin you can tell if it is silver or not. If you find silver, put it in something so you will know your keeping it. Then take a coin from the bowl and replace the one you just removed. Just 1 hour a day you can search $250 worth of coins.
When you are done, be sure to mark the roll so you will know you have already searched it. Sometimes you can get the same roll a few days later from the same bank. After all the rolls are done, take them back and swap them for more rolls. And keep doing this.
Now go find your silver! people do this and you would be amazed at what they find. Sometimes entire rolls of coins are silver. and it happens more often than you think.
it's a great hobby / time killer and it's fun when you do find a silver coin. You should be able to find 1 silver coin in every $1000 worth of coins searched.
You can also search penny rolls for wheats, or nickel rolls for war silver nickels (40% silver nickels were found between 1942 and 1945)
enjoy!
For those who do not know or never heard of roll searching, it is simply the process by which one picks up rolled coins at the bank or the local store and you search them for silver coins.
Right now is a favorable time to be searching because of the economy, people are actually spending coins they had been holding on to and a unusally high number of silver coins can be found right now.
Here's how you do it: First you need a little money. $100 is ok, $250 is better. go to your local bank and ask for x number of rolls of dimes, quarters, and if you want half dollars (if they have them, least likely to pay off). Get your coins and return home.
Get 2 bowls, and bust one roll of dimes in one and quarter sin the other. Leave these coins here, because when you find a silver coin, you will need a coin to replace it so you can exchange the coins at the bank the next day.
Now open a roll. pour it out in your hand, looking at the side of the coin you can tell if it is silver or not. If you find silver, put it in something so you will know your keeping it. Then take a coin from the bowl and replace the one you just removed. Just 1 hour a day you can search $250 worth of coins.
When you are done, be sure to mark the roll so you will know you have already searched it. Sometimes you can get the same roll a few days later from the same bank. After all the rolls are done, take them back and swap them for more rolls. And keep doing this.
Now go find your silver! people do this and you would be amazed at what they find. Sometimes entire rolls of coins are silver. and it happens more often than you think.
it's a great hobby / time killer and it's fun when you do find a silver coin. You should be able to find 1 silver coin in every $1000 worth of coins searched.
You can also search penny rolls for wheats, or nickel rolls for war silver nickels (40% silver nickels were found between 1942 and 1945)
enjoy!
Comments
Here's how you do it: First you need a little money. $100 is ok, $250 is better. go to your local bank and ask for x number of rolls of dimes, quarters, and if you want half dollars (if they have them, least likely to pay off). Get your coins and return home.
I have to disagree. You can often find 40% silver halves in rolls. They were valued at $4.23 last week.
quote:Originally posted by JnRockwall
Here's how you do it: First you need a little money. $100 is ok, $250 is better. go to your local bank and ask for x number of rolls of dimes, quarters, and if you want half dollars (if they have them, least likely to pay off). Get your coins and return home.
I have to disagree. You can often find 40% silver halves in rolls. They were valued at $4.23 last week.
Have you found any difference in where you got the rolls? ex. small local bank vs national chain?
I've been doing this for years, not only for silver but key dates as well but now my local bank machine sorts all incoming coins, so theres no chance of finding a silver coin in a roll.
I've tried this on a small scale, no luck yet. Like knifecollector said, the automated machines are sorting out the silver on incoming coins. It's still fun to try. I may buy a few rolls this morning [:D]
2-1964 kennedy's,& 1 gold washed Kennedy. when i finish with the rolls i took them back and put them in the cion counter and re-deposited in my savings.[;)]
Was going through a half dozen rolls, found 4 40%s and 1 90% in first 5 rolls- roll #6 was all 1964 90%. [:D]
Was at an antique store the other day and saw pre 1965 silver quarters being sold for $8 each.
Is that a good deal or a total rip off?
Don't really have the time to do it now.
Im going to try this (on a small scale )? , what about pennies ???
I was told that the wheat pennies are doing good ???
Thanks !!!
d.a.stearns .......... a.k.a. ..................... SKEEZIX ...........
Gunsmith / LEO
Athens , Tn
www.allamericangunshop.com
OK ,
Im going to try this (on a small scale )? , what about pennies ???
I was told that the wheat pennies are doing good ???
Thanks !!!
d.a.stearns .......... a.k.a. ..................... SKEEZIX ...........
Gunsmith / LEO
Athens , Tn
www.allamericangunshop.com
With pennies you have to check the date or looks of each one... The picture I showed illustrates that if you get a roll of halves or quarters you can just cut the side of the roll and see if it is a sandwich or a solid silver coin. Pennies would take a long time for the amount of money you would make off of it.
Yeah that is what i am talking about.
to the guy who asked about the halfs, I could be wrong, but i never had any luck on them.
Dimes seem to have been my best chances.
And anyone who's bank does not sell or buy rolled coins needs a new bank!
My wife works at bofa and their machines dont sort silver out.
My wife works at bofa and their machines dont sort silver out.
I'm glad to hear this. I assumed they all did. There may be hope yet.
quote:
Have you found any difference in where you got the rolls? ex. small local bank vs national chain?
I've always bought from the bank where I'm doing business at the time, which for the past 15 years has been a small local bank, before that at Bank One (now Chase Manhattan).
quote:Originally posted by abcguns2
OK ,
Im going to try this (on a small scale )? , what about pennies ???
I was told that the wheat pennies are doing good ???
Thanks !!!
d.a.stearns .......... a.k.a. ..................... SKEEZIX ...........
Gunsmith / LEO
Athens , Tn
www.allamericangunshop.com
With pennies you have to check the date or looks of each one... The picture I showed illustrates that if you get a roll of halves or quarters you can just cut the side of the roll and see if it is a sandwich or a solid silver coin. Pennies would take a long time for the amount of money you would make off of it.
I receive about $25 of pennies (donated to a charitable cause) each week from church. Today I found 9 wheat cents worth 3 cents a piece at a local coin store. Time consuming but while watching TV. All pennies are flipped to show the backs. Pick out the wheats. Some old ones turn up, have found a 1908 Indian Head, several 1909 Lincolns. Found 1919s last week.
If you are well known at your church, the pastor may let you sort through the coins before they go to the bank.
Just roll up to the counter ans ask the teller for $100 in half dollars rolled and $100 in quarters and $100 in dimes.
Take them home and look at them.
Pennies are the hardest work. I pour the roll out into my hand just like they come out of the tube quick glance and slide them back in thew same tube, but a big red x on the outside so you know you checked it.
easy stuff
what do I ask the bank for? I have a few hundred I can try this with.
A case of quarters or half-dollars... I think you will need $500 to do it that way.