David J. Conway - Strike it Rich with Silver in Coin Rolls

DAVID J. CONWAY

David Conway is a devoted coin collector and coin roll hunter. In 2007, he founded CoolCashCoins, the coin appraisal business. In 2011, David created the Gold and Silver Collections iPhone application, making it easier to calculate the melt value of coins and jewelry.

David is from Wilton, Conn. He attends the George Washington University in Washington, DC, where he is majoring in business. David enjoys writing, jogging and traveling.

I would like to thank Debbie Bradley for seeing the potential in the original manuscript and for helping to create the amazing, finished book.

I would like to thank Jessica Joanlanne for the wonderful coin roll hunting illustrations.

I would also like to thank my Grandmother, Patricia Downing, for helping me to edit the original manuscript and grow my writing.

I would like to thank the incredible bank branches and tellers who make coin roll hunting possible.

Lastly, I would like to thank my amazing family, Mom, Dad, Scott, and Lelah, for supporting me and for always listening to me talk about this book.

W hen Bob stopped by his local bank to make his usual deposit, he noticed a strange coin in the tellers tray.

Whats that? he asked, eyeing the large coin.

That, the teller responded, holding up the object, is a half dollar coin. Would you like to buy it?

Bob said yes and bought the coin. As it turns out, the teller had two more rolls of half dollars in the bank vault that she was eager to sell. She thought no other customer would want them, as there seemed to be little demand for them. Bob bought those rolls too and immediately drove home to research his purchase.

Bob had traded $20.50 in change for 41 half dollar coins, also worth $20.50.

Surprisingly, Bob had received 41 silver half dollar coins from 1964. Although they looked exactly like any other ordinary Kennedy half dollar, these were special. At a market value of $35 per ounce of silver, these coins were actually worth $13 a piece. Bobs $20.50 roll of coins was actually about 15 ounces of pure silver worth over $500.

Is it really possible to find free silver? Absolutely. Today anyone can find silver in pocket change, or at the bank, though years have passed since the last silver coin was minted for circulation.

The more you know about what to look for and the better you understand how to look the more silver you will find. In fact, an unlimited amount of silver and rare coins pass through our hands each day! Every week people give their coins to relatives, friends, children and grandchildren who, not pausing to check if the value of the coins has increased, dump hoards of precious silver at the bank or spend antique currency at the ice cream shop.

Can you hear the silver clinking as it flies out of the coin counter machine? Is your eye caught by the glimmer of light shining off of a strange looking piece in the bank tellers coin tray? It is our adventure, as coin roll hunters, to search for these coins and to appreciate a value in them that many others do not.

On the same day that society began using money, collectors began saving it. People always have saved money in its many forms and for many purposes. Humans have a natural tendency to save valuables for future use and for protection and security.

We save water, food, and money. As the concept of money developed, we even began using, and also saving, different types of currencies namely coins and precious metals. The value of these currencies has become just as diverse as the forms of the currencies themselves.

People now collect and save coins and currency not just for later use, but also for collectible value. We collect coins for their monetary value, for security and stability, and for their scarcity, their intriguing designs, their history and importance in society, and even metallic value.

Over the past decade the demand for the intrinsic value of precious metals gold and silver within our coins has amplified. Today more than ever before, this commodity-based value within coins has surpassed the collectible value derived from condition, scarcity, and even historical importance of the pieces.

But this has not always been the case. In the past, the silver content of our coins did exceed the collectible or even the denominational face value of the currency. Our coins have been minted in gold and silver and our currency has been backed by precious metal guarantees.

Despite the rapid rises in metal prices, the average citizen remains unaware of the true significance of these older coins and consequently many silver pieces still circulate. The art of searching for these older coins and developing a deeper understanding and appreciation of their value is called coin roll hunting. Join the hunt.

What exactly is coin roll hunting? Simply described, coin roll hunting is the process of searching through rolls of coins in an attempt to find older or more valuable pieces. From simply checking occasional pocket change to ordering thousands of coins from banks, there are just as many ways to coin roll hunt as there are coins to search for. This book will provide you with both a general overview of coin roll hunting and an understanding of the various specific methods involved in this fascinating hunt.

Silver is not biased. Regardless of your age, gender, personality or education, silver awaits your eager pockets. However, certain approaches will ensure that you find more silver than the average individual, and that you have a better overall experience searching for it.

Coin roll hunting is not complicated, but knowing what to expect is essential to success. With a small amount of information and a few hours of practice, you can be well on your way. It is important, however, to begin the hunt with a realistic approach. Just as a fisherman does not expect to reel in dozens of fish every single day, neither should the coin roll hunter expect to find silver coins on his first visit to the bank.

Could you strike it rich on the first day? Absolutely! Will this probably be the case? Nope. However, by hoping to find silver and not expecting to find silver, the coin roll hunter will embrace a realistic yet optimistic approach that will result not only in many great discoveries, but also in a more enjoyable experience. The thrill of the hunt does not lie in the average find, but in the rare and incredible find of gold and silver that is occasionally recovered, and in the excitement of anticipating this find on each journey to the bank.

The methods of coin roll hunting are numerous. Some techniques can generate steady, almost guaranteed results, while others involve more risk but also more opportunity for greater rewards. Although some coin roll hunters prefer one practice over others, most pursue a combination of approaches. We suggest you try your hands at each method to see which you like most. The will describe in detail how coin roll hunting works and the steps you can take to get started.

Q:

What is coin roll hunting?

A:

Coin roll hunting is the search for older, more valuable coins in circulation by looking through rolls of coins.