Hunting for Junk Silver

Selling valuable coins might be one of the fastest ways to earn some cash today. Depending on your enthusiasm, hunting for coin rolls can actually be like a treasure hunt. However, it is a lot simpler than looking for lost treasure chests, especially since you can find coins in banks easily. Once you acquire some coin rolls, you can just go through them and keep the valuable ones for yourself then deposit the rest back to the bank. What you do with the valuable coins is totally up to you; you can either keep them as part of your collection or sell them to interested reputable buyers who are willing to pay you an adequate amount for your coins. Nonetheless, we cannot deny the fact that learning how to hunt for coin rolls is a life skill that might sound useless at first but is actually handy during a time of need. Read on if you want to learn more about hunting for coin rolls.

Getting Started

It’s easy to just go straight to a bank and get your coin rolls. However, it is important to know first what banks you should go to so you do not waste precious time and energy. You should also go to more than one bank since you are hunting, so you don’t end up empty-handed when you’re done. Decide your “pick-up banks” and one “dump bank.” Your pick-up banks, for example, are places where you can order your coins. Then, once you’re done going through the coins, deposit the less valuable ones into your dump bank. The general rule is that you should not deposit your coins back to your pick-up bank and always aim to separate them. Pro tip: try to choose a dump bank that accepts loose change deposits and has its automatic coin machine.

Combing Through Coin Rolls

Avoid marked coins.

Contrary to popular belief, marked coins are actually not valuable. These are just marks made by other collectors or hunters to identify that they have gone through those particular coins already. This practice is often frowned upon and remains quite controversial up to this day. Meanwhile, stamping coins is legal in the United States under the 18 USC Section 331 and would only be illegal when committed for coin fraud.

Take your chance with customer-wrapped coin rolls. 

These rolls usually give more silver coins and copper pennies than others. You can simply ask your bank teller for customer-wrapped coin rolls if they have some on hand. Actually, you can even ask the teller if they have the specific coins you are looking for, like half-dollars, for example. You simply need to know what you want and request for it. You can also do a little bit of research on the banks near you. Junk silver coins in Las Vegas are quite easy to find, so make sure you also give that a try.

Keep records of your progress. 

Exerting a little effort for something that you are not sure of can be a little tiring and takes a lot of emotional investment. To avoid repeating mistakes and unnecessary trips to the bank “for hunting”, make sure you tally up the total of your finds to help you keep track of things. You can also take photos of your collection so maintaining a record becomes easier.