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There are many different ways to hunt for treasure, and today I want to share a little about coin roll hunting. This can be a fun and easy way to find collectible coins still in circulation.
If you're interested in starting coin collecting but don't have a big budget, Coin Hunting can get you started with virtually no investment.
What is Coin Roll Hunt?
Coin roll hunting is the process of searching through coin rolls that are still in circulation in hopes of finding rare or collectible coins.
Browsing coin rolls is a fun and easy way to find collectible coins, especially Half Dollars, Wheat Cents, Silver Coins, and Mistake Coins.
The good thing is that you only pay face value for coins that are still in circulation.
If you go to a bank and ask for 10 pennies, it will only cost you $5...and you can always exchange those pennies for five dollars in cash, or just spend the pennies like you would any type of money store.
Where can you get coin rolls?
Coin rolls are available from almost every bank. It makes sense to start with the local branches where you have an account. Some banks are friendlier to coin collectors than others.
If you really love this hobby, you can also always open accounts at different banks. This gives you more choices, but there really isn't a specific strategy like "buy your coins from XYZ bank on Tuesdays".
I suppose you could try following patterns like this, but it would probably drive you crazy. It is best to think of it as a free way to play the lottery. You never lose more than you spend, but you might find something good!
You can also buy coin rolls from an online retailer. Some people have had success with this, but others are a little suspicious of whether it's really worth it or not.
How do you know if a roll of coins is really "unsearchable" and why on earth would a coin collector sell it if they didn't search for it first?
Anyway, it is very easy to circulate coins. You can buy a single roll, you can buy a whole box. If you're shy about buying quarter rolls, tell them you offer to run the Sunday morning bake sale at church, go to the flea market, or do laundry.
Are circulation coins valuable?
The only downside to coin roll hunting is that the coins are technically circled. This means that coins are used every day by banks, shops, buyers, etc.
Obviously, coins in mint condition and uncirculated coins are worth a lot more than coins that have been jingling around in someone's pocket all day.
However, it can come in handy when looking for coins that are relatively rare but still common. The coin roll hunt is especially popular with penny collectors like me because even if you find a wheat penny it is still worth 1-3 pennies and is fun and relaxing.
Another benefit of coin roll hunting is that you can sometimes find bug coins quite frequently. In today's world of automation, few machines are capable of detecting errors or even sorting coins by date or year.
Coins that are the right weight and not significantly damaged end up in circulation again and again.
My favorite thing about browsing coin rolls is that it doesn't take a lot of time and it's relaxing. You really don't need any special skills, just a willingness to look at things and do a little research.
How to find rare coins during coin roll hunt
I've had some success researching coin rolls, but I think a lot of that success is down to knowing what I want to find and what I'm looking for.
Step 1: Search for the coins you want to search for
Before you start looking through coin rolls, it helps a lot to do some research on the types of things you find interesting and want to collect.
There are all sorts of different coins out there, even if they're not necessarily the ones we use all that often. You can easily get dollar and half dollar coins from almost any bank.
Most coin roll hunters prefer certain types of coins that interest them. Suppose you want to search for error coins. Do you want to search for errors in cents, coins, dimes or pennies?
If you want to find bug coins, it's important to get yourself a good guide on the subject. There is a LOT to learn and it's easy to lose some of the most valuable coins still in circulation.
The Getting Rich With Small Change book is a must-read for anyone who loves to hunt for error coins!
Personally, I like getting rolls of pennies and pennies. These are my two favorite types of coins that run around to collect every day.
I love browsing them for different error coins as well as different variations and older coins that are worth more than face value.
Step 2: Start the search
Searching is fun! Each coin collector has a different research method.
I like to carefully open the rolls on a soft surface that won't scratch or dent them and watch the coins under my USB microscope camera.
I cannot recommend a digital microscope highly enough for coin collecting. Seriously, it's life changing!
You can easily see all your favorite coins the first time... and since it connects directly to your laptop or computer, you can even look things up while looking at it at the same time.
When I'm looking for my penny rolls, I usually start with the basics of sorting into piles by date. Neighborhoods that I tend to classify as pre-1964, ordinary spaces, and representation spaces.
Coins are not as easy for me as pennies because there are so many different coins, but I still like them!
It helps me to speed up the search process a bit if I notice something and I know I'm looking for specific years. Everyone is different so I encourage you to do what you enjoy and what works best for you!
Step 3: Organize and keep good records
If you haven't started organizing your coin collection yet, you should definitely invest in a decent way to store and protect the coins you find while browsing the reels.
What good is a collector's coin if you don't know where it is and can't find it later? Coin tosses are an easy way to keep them labeled and together without taking up too much space.
I like to slip the coins into these 2×2 pocket side guards in a binder. Makes it super easy to move everything around easily and keep everything organized. Best of all, the standard 3 ring binders fit perfectly on my office bookshelves!
Not every coin you come across will be the one you want to keep; So after a while, you'll want to trade them in for more coin rolls to research or bank.
It's also a VERY good idea to have paper money wrappers on hand so you can easily return them.
Finally, I like to record everything I find and what I look for. If you don't already have a good recording system, you should at least download minefree printable coin collection tracker!
It's a super quick and easy way to keep track of what coins you find where!
Coin roll hunting can be a fun way to find collectible coins in circulation. Finding collectible coins in circulation is easier than you might think!
Knowing what you are looking for can help you sort and organize the coins you are looking for. It can also help you quickly identify bugs and other interesting things.
Do you want to discover the best bug coins? Don't forget to read Get Rich With Small Change - it will seriously change the way you look at every coin you come in contact with!
I hope this post has been helpful to you – and of course, if you have any coin roll hunting tips, do share with us your best coin roll hunting secrets in the comments section below! What are you collecting? What do you look for when looking for coin rolls?
How do I find valuable coins in circulation? ›
Visit your local bank and ask for a few coin rolls. Many collectors highly suggest utilizing this resource for finding rare coins. Often times the coin rolls contain error coins, silver coins, old, and other miscellaneous valuable coins.What dimes to look for when coin roll hunting? ›
Prime targets of American coin roll hunters are silver dimes, quarters, and halves prior to 1965, and 40% silver half dollars from 1965–1970.What pennies to look for when coin roll hunting? ›
Committed coin roll hunters look for collectible coins as well as coins for which the metal value exceeds the face value — like a pre-1982 penny, whose copper is worth about two cents. For some, it's more than just a hobby: a few hunters have made thousands of dollars.What US coins are collectors looking for? ›
- 1909-S VDB Lincoln Wheat cent.
- 1943 copper Lincoln penny.
- 1937-D 3 legged Buffalo nickel.
- 1893-S Morgan silver dollar.
- 1895-O Morgan dollar proof.
- 1921 High Relief Peace silver dollar.
- 1916 Standing Liberty quarter.
- 1919-D Walking Liberty half dollar.
One quick way to determine if a coin is rare or valuable is to look at the mintage. That's the number of copies of the coin that the US mint produced (aka issued). The lower the original number of copies printed, the more valuable a coin will likely become.Is there a free app to scan coins for value? ›
Coinoscope is a visual search engine for coins. Coinoscope makes coin recognition easy - just snap a picture of a coin with your phone camera and the app will show you a list of similar coins. Click on the coin to see additional information in the web browser of your phone.What dimes should I hold onto? ›
- #1 — 1964 Copper-Nickel Clad Roosevelt Dime. ...
- #2 — 1965 Silver Roosevelt Dime. ...
- #3 — 1982 No-P Roosevelt Dime. ...
- #4 — 1996-W Roosevelt Dime.
When you spot a coin in which you are interested, examine it under good lighting. Look at the luster, or shininess of the coin, to determine whether the coin has been harshly dipped, cleaned, whizzed, or otherwise damaged. Check for hairlines, or tiny scratches parallel to one another, which are indicative of cleaning.What rare pennies should I be looking for? ›
- 1909-S Indian Cent: $300 to $1,000+ ...
- 1909-S VDB Lincoln Cent: $600 to $1,300+ ...
- 1914-D Lincoln Cent: $150 to $2,200+ ...
- 1922 Plain Lincoln Cent: $500 to $10,500+ ...
- 1931-S Lincoln Cent: $65 to $100+ ...
- 1943 Bronze Lincoln Cent: $125,000+
Search around front porches, back door steps, walkways and driveways. Scan floors, baseboards and floor coverings carefully for lost coins. Very valuable old coins are often found between the baseboards and the floor. Interestingly, people used to hide coins behind boards in the wall and inside hollow doors.
What wheat pennies are collectors looking for? ›
- 1917 Doubled Die: $3,000 - $6,000.
- 1955-P DDO: $4,000 - $16,000.
- 1922-D No D Strong Reverse: $12,000 - $30,000.
- 1944-P Steel: $50,000+
- 1944-D Steel: $60,000+
- 1958-P DDO: $100,000 - $200,000.
- 1943 Bronze: $300,000+
- 1943-S Bronze: $500,000+
The 1849 Double Eagle is currently the rarest and most valuable coin in the world, with an estimated worth of nearly $20 million.What is the most accurate coin value site? ›
The United States Mint's website is perhaps the single best resource for modern American coins. The site has information about new releases, ongoing series and programs, a history of the mint section, and even information about its many talented artists.What year coins are worth keeping? ›
All quarters minted before 1965 are worth their silver value. All Standing Liberty quarters have a premium above that value, except for well-worn coins. Among Washington quarters, only the 1932-D and 1932-S have a significant premium over the silver value. The 1955-D also carries a premium.How do I know if I have a valuable coin? ›
Inspect the Mintmark
The date and mintmark are the easiest way to diagnose valuable rare coins. Errors in these two key areas can still be found in circulation, and they could score you a fortune. Re-punched or over-punched mint marks are one winning discovery, as is doubled text.
Coin collectors finally have the resource needed to make informed numismatic buying, selling and trading decisions, thanks to the PCGS CoinFacts mobile app. The world's largest encyclopedia of U.S. coins now fits in your pocket and is 100% free to use.Is CoinSnap value Guide free? ›
Try out CoinSnap app on your phone and identify thousands of coins for free.What coins give 1000X? ›
This makes ETH a great long-term investment that could potentially multiply your investment up to 1000X in 2023. Ethereum has incredible long-term potential. It is the second largest cryptocurrency after Bitcoin, and it has a huge set of features that make it very attractive.
What Precious Coins are in Demand? Silver and gold American Eagles generally take the top spot on the average list of most wanted coins, at least in the English-speaking world. That means, if you happen to have one for sale, you shouldn't have too much of a problem finding a buyer, especially in an online setting.Which coins have the most potential? ›
- Metacade (MCADE)
- Ripple (XRP)
- Shiba Inu (SHIB)
- Polygon (MATIC)
- The Sandbox (SAND)
- Polkadot (DOT)
- Solana (SOL)
- Dogecoin (DOGE)
What is the most sought after dime? ›
1803 MS 64 Draped bust dime
In 1803, the Philadelphia came with a mintage of 33,040 dimes, but only rare pieces survive in such a high grade 200 years after minting. This finest known 1803 Draped bust dime won the auction record in 2008 after one collector bought it for an astonishing $322,000.
- 01 of 10. The United States Mint. The Fourth Philadelphia Mint. ...
- 02 of 10. PCGS CoinFacts. ...
- 03 of 10. Newman Numismatic Portal. ...
- 04 of 10. CoinNews.net. ...
- 05 of 10. NGC World Price Guide. ...
- 06 of 10. Heritage Auctions. ...
- 07 of 10. Great Collections. ...
- 08 of 10. Mint Error News.
Visit auction houses, antique stores, pawnshops, and coin collecting clubs to find rare coins for sale. This is the easiest way to locate a rare coin, but, of course, it won't always be affordable. Try searching once you have a small collection of your own and are interested in expanding your hobby.How do you get an honest appraiser of old coins? ›
The industry has attempted to standardize appraisals through the Professional Coin Grading Service. You can get an appraisal of the more valuable coins in your collection from a dealer authorized by the PCGS; find members in your area at https://pcgs.com/dealers/.Where to find coins before they are listed? ›
How do I acquire a new cryptorrency before listing? New cryptocurrencies may be available in a presale before they are listed on an exchange. These sales may be announced on social media, news sites, or crypto-focused tracking sites like CoinMarketCap.What is the best US coin value book? ›
The Red Book of U.S. Coins has been the top rated rare coin value reference guide for over 76 years. We highly recommend this great book because, it has detailed year-by-year rare coin values including all U.S. rare coins ever minted, silver dollar coin prices, and rare gold coins values.How deep are old coins in the ground? ›
Older coins are typically buried much deeper into the ground, especially if they are a few centuries old. On average, old coins can be buried as deep as 6 to 10 inches from the top of the ground.Is there a coin collector app? ›
Coin collectors finally have the resource needed to make informed numismatic buying, selling and trading decisions, thanks to the PCGS CoinFacts mobile app. The world's largest encyclopedia of U.S. coins now fits in your pocket and is 100% free to use.Do metal detectors detect coins? ›
The beauty of coin hunting is that virtually every professional metal detector will locate coins—whether it's an entry-level, mid-level or high-end model. There are metal detectors specifically designed for coin-hunting, but general-purpose models will all signal when they locate coin targets.What is the easiest way to find a silver coin? ›
The best place to look for silver coins are at banks, in the form of rolls of coins.
How do you hunt for coins? ›
- Search for silver. ...
- Search through half dollars. ...
- Look for anomalies. ...
- Start at home. ...
- Be nice to bank tellers. ...
- Search through newer coins and strive for perfection. ...
- Look it up first. ...
- Be patient and keep hunting.
- CoinsForSale.com Only 5% to sell. No listing fee.
- Heritage Auctions 10% fee. Consignment program.
- eBay 12.35% + $. 030 fee, plus listing fees. ...
- Apmex Well known. ...
- Modern Coin Mart Won't pay you until after you've sent them your coins to them.
Place your coins in a bowl and pour enough white vinegar to cover the coins. Let the coins soak for at least 30 minutes but no longer than overnight. Remove the coins and gently scrub the residue with the toothbrush. Rinse the dirt off with water and dry with a cloth.