CRHing as a job

[Iamrussell]

I know most of y'all are saving/investing but am wondering if anyone was CRHing to sell right away? Reason I ask is my wife asked me if I upped my CRHing cash flow and the time I spent if I would sell some to bring in a bit of extra $$$
Would like to hear what others think about CRHing basically as a pt job then ill chime in with my feelings- thanks

 

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[maine_Jim]

Part of the problem is that over time you start to see a decrease in the amount of silver your boxes produce (usually - on average). At least that's what I've noticed. I used to find a lot of 10+ silver boxes & haven't seen one in a while. My per box average used to be about 3/box, but is now barely over 1. TimZim would tell you his #s are down over last year. Eventually your own dumps will catch up to you. A lot of the silver we find is replenished by ignorant people, but I believe that a good chunk of it is good ole virgin silver, since halves don't circulate like other coins.

Bingo! If you are lucky and start off in an area that hasn't been searched hard then you can have a good run, but, you will eventually hit the wall. If you are just starting out in an area that is similar to mine, sorry the gravy train has left! You will quickly know if your area has had someone like me searching for a number of years. If so you'd be better off collect bottles off the side of the road. You will make better money! There is a reason there are not many long-timers here as most have moved on after a couple years. The reason is always the same...they were their own worst enemy. I used to think that I could outlast them all but I think I've become my own enemy and after searching through about 5000 boxes...well the silver vein seems to have slowed to a trickle. Enjoy it while it last as even the best plans including dumping out of district won't last forever. If you could just get them to recycle from the bottom off the pile and not the top...

Maine_Jim

 

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[Joe777Cool]

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[50cent]

i says it once and I'll say it again, in the long run, this will end up costing you more than you think


factor 1: gasoline money
factor 2: potential dumping problems
2a. you are cut off from using coin counter
2b. the coin counter can't keep up with your volume
2c. you thought you'd have dumping bags setup but the bank wont let you use them
factor 3. you overlooked the fact that dumps over $10k will get you cut off
factor 4. you can get shorted from the coin counter or even the box you pick up
factor 5. probability of getting robbed
factor 6. AG is falling in price
factor 7. Skunk streaks
factor 8. automobile fender benders
factor 9. teller disputes, problems issues
factor 10. discouragement from any of the above factors

Some things look good on paper but when they are put into practice they dont work. coin roll hunting works great as a hobby if you are out to have fun, but if you think you can make a consistant income, especially with silver as low as it is, well you should look into having armored trucks come to your business to do coin exchange and better have over $25,000 of coin's delivered a week for a slightly better than minimum wage income.

 

[mleblanc138]

Some things look good on paper but when they are put into practice they dont work. coin roll hunting works great as a hobby if you are out to have fun, but if you think you can make a consistant income, especially with silver as low as it is, well you should look into having armored trucks come to your business to do coin exchange and better have over $25,000 of coin's delivered a week for a slightly better than minimum wage income.

I sometimes have dreams about searching entire pallets of Half Dollars. But put into practice, I would end up searching every Half Dollar in Utah before long.

 

[FormerTeller]

Part of the problem is that over time you start to see a decrease in the amount of silver your boxes produce (usually - on average). At least that's what I've noticed. I used to find a lot of 10+ silver boxes & haven't seen one in a while. My per box average used to be about 3/box, but is now barely over 1. TimZim would tell you his #s are down over last year. Eventually your own dumps will catch up to you. A lot of the silver we find is replenished by ignorant people, but I believe that a good chunk of it is good ole virgin silver, since halves don't circulate like other coins.

If you keep a spreadsheet with all your stats (and add in expenses) you'll find it's not really feasible for most people. But I agree w/ what most have said - it's a hell of a hobby that can pay a little (unlike golf, etc) and have a blast at the same time. And the thrill of an occasional big score washes away the tears from the long skunk streaks!

HH all.

This. I started at the same time as badbluff, and my averages were similar at first - about 3 coins (40%'s) per box of halves. Unfortunately, now they're also similar, about 1 per box, at best.

I've said it again and again, you'll literally get more silver per hour working at McDonalds and using your paycheck to buy silver than you'll find per hour CRH'ing. I can't tell you how may hours of overtime I gave up last year, so I could take off before the banks closed. No way did I find enough silver to justify the money I lost by not working. That said, I'm going to do it again this year, because I CRH for fun, not for money. THAT said, no reason not to maximize the money you do make CRH'ing. Just don't fall into the trap of thinking you can do this for a living.

The suggestion to keep a spreadsheet is a good one. I've kept a spreadsheet since May 4, 2011, when I found my first silver in a box, and it really helps.

 

[Bad Wolf]

i says it once and I'll say it again, in the long run, this will end up costing you more than you think


factor 1: gasoline money
factor 2: potential dumping problems
2a. you are cut off from using coin counter
2b. the coin counter can't keep up with your volume
2c. you thought you'd have dumping bags setup but the bank wont let you use them
factor 3. you overlooked the fact that dumps over $10k will get you cut off
factor 4. you can get shorted from the coin counter or even the box you pick up
factor 5. probability of getting robbed
factor 6. AG is falling in price
factor 7. Skunk streaks
factor 8. automobile fender benders
factor 9. teller disputes, problems issues
factor 10. discouragement from any of the above factors

and don't forget these, '50...

factor 11: wear & tear on tires
factor 12: lower back fatigue
factor 13: eye strain
factor 14: auto exhaust contributing to greenhouse gases and global warming
factor 15: disease, old age and death