Pennies and nickels kept for their copper and nickel content |
Have you ever seen someone at your bank request hundreds of
dollars in coins and successfully leave with boxes of them under their arms?
Maybe you have seen videos or pictures of individuals mechanically sorting
through rolls of coins. If you’re like me, you might have questioned why people
were wasting their time, painstakingly going through rolls of what are widely
considered to be useless denominations of currency. Certainly, these
individuals have to know something that the rest of us don’t. If you have been
in any of these situations, you have already been introduced to the world of
coin roll hunting.
Coin roll hunting is a hobby in which individuals sort
through change in order to find coins that have value resulting from the
valuable metal that they contain, such as gold, silver, nickel or copper, or
due to their numismatic value based on their historical significance and
rarity. Individuals engaged in coin roll hunting search for these coins because
they have a value that is higher than their face value, that is, the value that is printed upon the coin. In some cases the difference between the metal
value of a coin, or numismatic value, is significantly higher than its face
value. Each coin roll hunter has different goals and therefore may focus on coins
of a specific rarity (i.e. mint mark, year, error coins etc.) or content (i.e.
silver, copper etc.). For us, we focus on coins of a specific metal content;
however, we also keep an eye out for older coins as well.
Wheat pennies found while coin roll hunting |
Coin roll hunters obtain rolls of coins from their banks in
which to sort through, usually in boxes made to contain a specific number of
coins. Pennies come in boxes of $25, nickels in boxes of $100, dime boxes are
$250 and quarters $500. However, coin roll hunters can request denominations of
coins that correspond to their financial needs. Not every coin is kept. Those
coins that do not have the sought after metal content, nor any redeeming
numismatic qualities, are re-rolled and returned to the bank to help fund future
coin roll hunting searches.
The excitement of looking for valuable coins through coin
roll hunting is available to anyone interested. Take a look at the pages and
videos on this website to learn more about this hobby and how to get started.
If I like being a hunter of coins. Lincoln cent is the one that most interests me. And cent Canada too
ReplyDeletemi friend best regars for you. From Mexico
I am certainly a big fan of the Canadian and Lincoln cents too! Thank you so much for visiting the blog and taking the time to comment. It is very much appreciated!
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