Tuesday, October 14, 2008
Update on coin roll hunting
With the economic downturn there are new opportunities to add nice coins to your collection. A few days back I decided to head to the bank and buy a few rolls of half dollars. What I found out when I got to the teller will make you want to cry. It seems the bank didn't have any halves to give out. A man had come into the bank earlier in the day and traded in $52 worth of half dollars for paper money. It turned out that it was $52 worth of silver. This included Walking Liberty and Franklin 50 cent pieces! Two of the tellers split the coins keeping $26 dollars worth each.
I left the bank a little downhearted, but decided to try the other bank in town to see what they might have. The second bank had five rolls which I bought along with ten dollars worth of pennies. I have been averaging four wheaties for each $10 I search through. I have also been able to put together a nice mint state set of memorial cents for just pennies. Pun intended! With the new designs coming out in 2009 Lincoln Cents should enjoy a revived interest among collectors.
I must say that what a found when I got home left me in much better spirits. I quickly opened the half dollar rolls hoping that maybe the guy with the silver coins had visited the other bank as well. That wasn't the case but I started finding cameo proofs right off the bat. The total take was 10 cameo proofs and four 40% silvers. The penny rolls produced 4 wheaties, 1912, 1942, 1943 steel, 1951, and a 1980 that was odd colored. I've never seen one like it before and I've looked at bunches of pennies. Overall it wasn't a bad hall. I'm looking forward to my next trip to the bank and maybe the silver coin fairy will be with me this time.
Good luck and good hunting!