As coin collectors, it is very natural for us to look at every coin that we come across in the hopes we will find something that is better than average. This concept is taken to the next level with coin roll hunting, where rolls of coins are obtained than searched through. It is amazing what can be found when you partake in this part of the hobby, especially if you look through an entire box of pennies Ever since I started collecting coins, I have looked at every coin that has come into my possession but considering that the vast majority of transactions that I participated in as a coin collector were either digital or infrequent, my finds were minimal. This summer, I was blessed enough to obtain some checks for graduating high school, where in the process of going to the bank to deposit them I would purchase $5 in pennies and search through them, which is the first time that I have done this since I first opened the account months ago. The first time I did this, I found eight wheat back pennies, and the next I found three. This weekend, I decided to get an entire box of pennies, which has a $25 face value and consists of 2500 pennies. The process of actually obtaining the pennies was not as simple as I initially thought because the local credit union that I use did not have as many coins on hand as I expected, where they could not fill an entire box for me. This was especially surprising, considering that they could always easily compensate my other requests for smaller amounts. On the way home, however, I stopped off at a local Bank of America branch and obtained a box of pennies without a problem, where the teller actually had the coins near him and was able to get quickly, which was a convenience for the both of us. With this surprise, I went home and started to search through the box. Interestingly, these pennies were not of the normal Loomis brand that I was accosted to, but rather an "off brand" that I have never heard of, so I had no clue what to expect. The entire search took about two hours, where I was able to find some pretty nice coins with a total of ten wheat back pennies found! In addition, I was also able to find 22 awesome high-grade Lincoln memorial copper cents and three hundred copper cents! (Some of the coins that I found is above) One of the best parts of looking through pennies is the odds that copper cents which were minted in 1982 and before (only during part of 1982.) Amazingly, at the current copper price; each copper cent has a melt value of about 1.8 cents. Although they do not trade for more than their face value right now because people argue that they are not pure copper, and you cannot melt them; we have to keep in mind that this is the same story for 90% silver. Personally, I think that the reason why no one is going to pay a premium for copper cents right now is that you can find them without too much problem at all in circulation. In fact, throughout the box, I was able to find well over 300 of them, where I found some in every single roll that I searched through! Personally, that means that they make great long term investments, as they are becoming even more and more difficult to find, and the market for them is growing every day. Amazingly, I also found well over 50 2017 cents in the box, so I can guarantee you that some of them would have been copper instead if it was 2016! There were two rolls that really struck out to me; where in one of them I found a 1969 p, 1969 d, and a 1969 s. In another roll, I was able to find three wheat back cents, where I found 2 1951 d coins back to back! Surprisingly, the best coin that I found that day was actually not found searching through the box of pennies, but rather while I went to Kroger. I went to the store to purchase some food, and the person that was using self-check out before I forgot four cents, where one was from Canada, and another was a 1949s what back! Ths is especially shocking, considering that I did not find anything that scares in the box of pennies, where just over 7 million 1949 s cents were minted. As a whole, searching through an entire box of pennies is definitely a new experience for me. It definitely was enjoyable, but I might not do it a whole lot because of the amount of time that it took, unless if I want to get some more copper bullion. Quite honestly, the main reason why I might not do it much is that I do not go to my bank a lot, which fortunately has a fee free coin exchange machine, it is over 20 minutes away. Fortunately, I now have more than enough pennies to make an American Flag out of them which I will make and sell in the future! Despite the conclusion, I am definitely going to continue to pick up a couple roll of pennies or nickels to see what I can find, every once and a while, which will definitely yield a wheat back every once and a while! For those that want to do this on a much larger scale, there are definitely some well-defined methods that the pros use, which I have been looking into. First of all, multiple banks are in the process, with two main categories being "pickup" and "dump" banks. This is because there are some banks which are willing to exchange out boxes of coins for cash without much problem, and others that do not, On the other hand, usually the banks that do not hand out boxes of coins are more likely to have a machine that will let you deposit your coins into your account and redeem the amount of cash, or put it into your bank account without having to pay fees. Therefore, it is oftentimes advised to have an account at both kinds of banks, so you can take advantage of their services. Typically banks that do exchange cash for boxes of coins are much more willing to do so if you have an account with them, and you are oftentimes not allowed to use other banks change cashing machines unless you have an account with them. Although you can get rolls of pennies from places like grocery stores and super markets, you often times can only get a roll or two of them at a time, and they typically do not have half dollars or quarters to exchange, but it is a good strategy for looking through pennies, and sometimes nickels, especially during your day to day routine. If you are interested in seeing my search through a roll of pennies where I found a wheat back cent, please follow the link below to my two minuets, one roll coin roll hunt! https://www.youtube.com/watch?v=q3FEB2e4otI Well, there you have it, my experience of searching through an entire box of pennies for the first time! I really hope that I shared some knowledge with you that you found to be useful! If you have your own experience with coin roll hunting or have some awesome finds that you would like to share please feel free to post them in the comments below, and feel free to ask me if you have any questions about coins at all. As always, happy collecting! Brandon Spiegel, owner, and founder of Let's Start A Coin Collection file:///C:/Users/brand/Downloads/google1e750597dd8642a3%20(3).html
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Author: Brandon Spiegel.
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