AVOID THESE EIGHT COIN ROLL HUNTING MISTAKES (+3 BONUS TIPS)

Today we are going over a topic I've really wanted to for a long time: mistakes that many coin roll hunters make. There are lots of small things to avoid (and other more obvious errors a lot of coin collectors and people do when coin roll hunting) that should be discussed. I'm happy to share these coin roll hunting tips: whether it is a discussion on making money coin roll hunting, hoarding copper pennies, dropping off and picking up at the same bank, keeping the tellers happy, or many more things, I share my thoughts. There are also 3 tips that I give at the end talking about how to get some big money scores and avoid getting scammed while coin roll hunting.

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[tx_cardshark]

Great advice. The most important thing is “have fun” because it is an enjoyable pastime...

[SuperCollector]

Great tips for beginners. Some of my best finds have been from building relationships with tellers who set aside things because they know I will find them interesting.

[StopFear]

A had a hilarious thing happen. The bank I went to gave me 10 rolls of quarters. But these rolls must have been given to the bank by some collectors. Each roll was marked with a state name and each quarter in it was from that state. All Wyoming’s, all Virginia, all Oregon, etc etc. I was like

[benhymel]

I really love all of the points you cover. Especially the fact that it should really just be a hobby that you do in your spare time and that the idea of making serious money/creating a living is not gonna happen. Also, you are right on the nose with the idea of specializing. I'm a dime guy, even though I love all denominations. Specializing definitely helps you to get more consistent results and even find more key dates.

[cindymcoldiron]

At 62 years old I have just begun coin collecting. I would like to make sets for my bonus grandchildren. I don't have any grandchildren so loving friends asked me to be a bonus Granma to their children. That is so special that I want to begin something cool for the kids. Thank you for making sense.

[b.anonymous]

Christian, this video was extremely helpful. Thanks for sharing with us the tricks of the trade from a master!

[grumpyvet]

Earlier this year I had gotten a roll of quarters for laundry. When I opened it, I discovered that the majority were 1999 and newer. Same goes with nickels, dimes and pennies. 1982 and older pennies are getting harder to find, so I started saving those. Same goes with 1980's and older dimes and nickels.

[JohnClowes]

I really like your comments. You are clearly knowledgeable without coming across as a know-it-all. Very nice job!

[darualid]

@1:48 man the wonders of a cup of coffee eh?? Lol

[frankies]

Tip: roll the searched coins and sell them to local businesses, they need it!

[momoneyinc]

Great tip about bringing the tellers coffee and snacks. I have been given star notes, blue seals and free foreign coins.

[walterlawrence]

Thanks so much, I just started coin roll hunting and found your video very helpful.

[paulbaker]

Pre order from your bank. Tell them what day your coming in. My bank has no problem getting what ever I want. They just dont want to get caught short on change for there business customers.

[channelmar]

I do penny hunting to save copper and wheat pennies for their value and for if (and when) the US mint will stop minting pennies.

[nunyabiznez]

Building relationships is a good idea and it sometimes takes a lot of time to make it work but is well worth the trouble.  Some years ago I made friends with a clerk at my local post office and it was very beneficial.   I collect both coins and stamps which is why I am mentioning this.   So it turns out that every once in a while a postal customer attempts to return postage stamps for a refund.   At that particular post office it seems to have been happening roughly 2-3 times a week.  The clerk told me and we talked about it and after a while we agreed that I would come in on Saturdays and he would tell customers that if they wanted to return stamps they could come in on Saturdays.   I sat down at a table in the lobby and had a little sign that read "POSTAGE RETURNS" and under that I had a message that read "15% RESTOCKING FEE ON ALL RETURNS"  Not to be mean or anything but a lot of the stamps were damaged and I had to take the time to inspect them and time is money.   Most didn't mind too much.   The benefit is that most of the stamps brought to me were discontinued and a fair number were fairly old and some were valuable.   Once or twice a month someone would bring in stamps that were worth many times face value.   The best deal I made which made two years worth of Saturday's worth while was when someone brought in multiple mint condition sheets of stamps that were well over a hundred years old at the time and I paid them  $3 a sheet for 50 stamp sheets for stamps that were worth about $3 each.  In other words I paid $3 for sheets worth $150.  The person thought they were obsolete.  But the Post office does not demonetize stamps or at least they have not since the Civil War.  The other thing that turned into an advantage was that the stamp vending machine both gave out fifty cent coins as change as well as took in fifty cent coins.   This clerk reloaded and deloaded the machine on Tuesday mornings before I went to work and invited me to check out the coins.   So I got to go through all the half dollars and full dollars that were taken in and he would let me buy what I wanted at face value.  All the coins going in were uncirculated new coins so I could grab some of each denomination and hunt through them for gems, pay face value and then return to him what I didn't want.   I enhanced both my collections based on that relationship that lasted for two years and then they shut down that branch.  I was heartbroken.  So what I did for him was I worked for a famous jewelry company and had access to very deeply discounted designer jewelry that my employer only sold to employees.  I could sometimes buy a designer silver ring for $3 that normally sold for $250.   I would obtain the famously trademarked little box and include everything that one would get when one went to that jewelry store and I'd give it to the clerk to give his wife.   I'd do this about once or twice a month which only cost me about $3-$10 a month and he got to give his wife expensive treasure/bling on a regular basis without paying anything out of pocket.  Technically all this was a violation of postal regulations but too trivial to be a crime but he would get in trouble with his boss if caught so it's not exactly something you can normally do. It merely shows how a relationship with the right employee can be a benefit.   Now about returning coins.   This is not a problem for me because I work in a high volume retail place and my boss absolutely adores me for saving her the trouble of going to the bank to get coins.   The only ones she does not really want are half dollars.  But interestingly I have found that I can pay for purchases with half dollars and most cashier's don't mind and some think it is cool that they get to see coins they don't see every day.   But I don't dump a big load all at one place.   I don't hunt enough halves to become a burden on any one place.   I also give rolls of halves to the nephews and nieces as birthday gifts and they think they're awfully cool.   Another thing is with my boss (again building relationships)  I'm like a human counterfeit detector.  I should probably get a job working for the secret service.   I can spot a fake from ten feet away and my nose has never been wrong so I'm the one everyone goes to for checking for counterfeits.  I also buy all the foreign coins and currency that ends up in our safe.   I keep up with exchange rates and have found that you can sell virtually any foreign coins on the internet if it is in large enough quantities.  A few months ago I bought a bunch of Euros that a customer paid with and the cashier was chewed out but luckily she accepted them as dollars and they were worth now a little more than a dollar each so I sold them on line and actually did better than the exchange rate in the end.  Last year we got a bunch of silver shillings from the U.K. that a cashier took as nickels.   I think there were about a dozen if I recall and they were worth about fifty cents each and I took all of them and that cashier's drawer wasn't short so she was happy with me.   Every cashier knows I will take their foreign coins and it saves their butts and makes me money.   UK pounds are even better than Euros and I recently bought three 100 pound notes for $300 US and that deal made me about $75.   The manager was very upset at first because she didn't think they were real.  I verified the authenticity and offered to buy them as dollars and the look of relief on the manager's face told me all I needed to know.   Before I moved I held a yard sale and accepted all legitimate coins and currency regardless of country of origin and I did quite well often getting more than I was asking for.   In that community there are a huge number of foreign nationals who don't plan to go back home and were stuck with a quantity of money from their country.  I ended up getting paid in over a dozen different currencies and I sold all of it on the internet and made money on every deal.   Several of my customers kept coming back with more and more foreign money.  One guy paid me double price since I let him pay in Mexican pesos.   I did really well with that customer.   It seems banks charge ridiculous fees for foreign exchange and then they have minimum quantities.    One bank in that community won't do any exchange for amounts under $500.   I think that is ridiculous.   If it was legal I'd have opened up my own little foreign exchange office but it seems you can't do that without permission from the government.  You can accept foreign money for something you are selling but only banks can exchange one currency for another.

[SilverDragons]

don’t hurt your back! keep it comfy 😁🔥🐉

[CSAN]

Awesome video, my friend!! Great analogy for CRH and fishing. All great tips. Thanks

[jamesschultz]

Great video! I penny roll hunted for a short while over 10 years ago. Got lucky and found one worth $14. Finally getting back into the hobby all these years later

[andrewmichaelscollectibles]

I agree about the hoarding copper one. I see a lot of other coin roll hunters encouraging to hoard copper, but not everyone can afford it keeping all of it. I don't keep my copper either. Unless it's something "out of the ordinary."

[MoCoMetalDetecting]

Awesome tips! Just started coin roll hunting, so this video is much appreciated! All the best in the New Year! 🎉