Search through newer coins and strive for perfection Some banks won't want to supply coin rolls, he added, in which case you're better off seeking a different bank rather than trying to talk them into it.Ħ. "Remember, you're creating more work for these individuals, and if they want to cut you off, they can cut you off," he warned. Larry recommends getting to know your bank's tellers and bringing them the occasional box of donuts or a pizza if you make a particularly big score. That means your chances of finding something good are much higher than with coins you get from the bank.ĭepending on where you go, some banks are generally happy to order boxes of coins on request - though not all are required to. Coins you find this way are likely to be older and not previously searched through by others. Whatever you do, don't cash these in for face value until you've checked for any special items, Weaver said. Unless you're seeking high-grade coins from the last year or two, the best place to start is with any old jar of change you may have sitting around or that you found while cleaning out your grandparents' home. Almost everybody has had one in their change and thrown it to the side," one coin expert wrote in a Heritage blog post. "The Wheat cent has a number of rare 'key' dates and varieties that can be worth anywhere from $50 to over $1,000. (Pictured above: 1909-S Wheat Penny | Photo: Heritage Auctions, HA.com ) Previously, other 1964 Kennedy Half Dollars have been auctioned off at prices ranging between $17,000 and $45,000. Mint during the mid-1960s," according to Heritage. "The rare example of this rather common piece of pocket change is one of about a dozen special issues struck in 90% silver and 10% copper for special coin sets issued by the U.S. In April, a 1964 Kennedy Half Dollar sold for a record-setting $108,000. Some older and rarer half dollars that collectors value could be worth much more. If you're looking for a higher profit, however, he says to "go with halves." Depending on what the current silver prices are - just under $18 today - a pre-1965 half dollar (90% silver) is worth about $6, and a half dollar dated anywhere between 19 (40% silver) is worth about $2.50, according to Rich Weaver, president of the Professional Numismatists Guild. Pennies and nickels may be more fun to search through because "you're likely to find something good in every box," Larry, a former coin roll hunter who requested not to share his last name, told CNBC Make It. "A quick glance at the date, or at the edge of the coin, will determine if it has a clad copper layer," he explained. "A silver coin always has value in excess of its denomination, whereas with error finds or die variety discoveries, there is always the question of, 'Is it worth anything?' Silver always brings a premium," said Sculley.Īnd unlike other coins, which require observation under a magnifying glass, it's easy to know if you've found a silver one. Prior to 1965, dimes, quarters, half dollars and dollars were all made mostly from silver. Here are some expert tips for those who want to get started: Updated versions of 'The Official Red Book: A Guide Book of United States Coin,' for example, come out every year - and they're a 'must-have' for roll hunters," he said. "There are numerous reference books and online resources for this. If you're serious about getting into the hobby, have a magnifying glass ready and dedicate some time to learning about notable mint errors and rare varieties in coins, suggests John Sculley, a coin cataloger for Heritage. The best part? Coin roll hunting is free, requiring mostly the time and effort of picking up rolls from the bank and searching through them. It's the thrill of the hunt and the joy of discovery," Donn Pearlman, a long-time collector and spokesperson for the Professional Numismatists Guild, a non-profit organization for rare coins and paper money experts, told CNBC Make It. "But it's not just about the potential financial reward. Like most treasure-seeking hobbies, coin roll hunting can be frustrating, and many people end up facing a low rate of return.
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