Getting Money to start roll hunting?

GarouLady

GarouLady

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Sep 6, 2012
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Michigan
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Hey ya all,

I am dying to start hunting halves for silver but it is a thousand dollars per box. So far I only have about 100 dollars saved up. I was thinking about extending my line of credit loan and take out a thousand dollars but I am not sure if it is the right thing to do. I mean I can start roll hunting right away but to go that far back into debt. (I still owe 10,000 total in debts all together) Hmm, decisions, decisions. I could sell some of my coin sets for extra money. I have some scrap copper (I really rather melt that down and keep if I can find someone with a home foundry) that I could sell. My mom has some stuff we are getting ready to send to the scrap yard and I am getting situated in order to have a big yard sale. I might be able to get some more money to put towards that 1000 dollar prize.

::sighs:: Anyone have ideas or thoughts on this.

Sincerely, GarouLady
 

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Greetings friend,you can always try and find a few pieces of U.S coinage on a heavily traversed street,then you can take your plundered coinage to any banking establishment and purchase cent coins.
 

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Hi GarouLady. $10000.00 in debt? Yikes. No way should you take a loan to bankroll your hunting. I hate to tell you this but as much fun as crh is, you should be more concerned about getting out from under that debt. As far your $100.00 bankroll, I would hit the cwr halves, and then dimes if you can't find halves. Good luck.
Merc.
 

If you haven't considered it yet, perhaps finding a paying job would be the best way to get you into a box of halves. If you are already working forgive me. Good luck.
 

You won't see any substantial return hunting a mere two boxes at a time. If I were in your position, I wouldn't find it worth it to pull another $1000 out to do such small volume, unless of course it is the only thing that would satisfy your craving for enjoyment. If that's the case, I would use your $100 for CWRs. If you were able to pull out $10000, then it would be worth it. My bankroll is the result of intense hard work, dedication, and saving. Find something that you are good at and use it to make money, open a business!
 

dawg if you're that much in debt Ill buy all your 40% clad for a dollar each
 

A box is $500 not $1000 Do what ever you can
 

As it is life, make sure you are within your means. You can start small with the $100 and sell your finds to increase your bank roll. I would not recommend further putting yourself in debt since CRHing is just a hobby. I use the 10% method. I take 10% of my bi-weekly income and "invest" it to my bank roll. His way I'm using it to find silver and not spending the money on frivolous things. I've actually saved up quite a lot of money this way.
 

You don't need to box hunt, I do box hunt, but have actually done much better with CWR's from the banks. I picked up $150 from a bank on Wednesday, 14 of the 15 rolls were junk, but 1 had 8 40%'s in it. I picked up $130 from a bank today after my daughter's soccer game, I'm sure the teller had gone through them as she told me "there are a lot of shiny one's in there" as she handed them to me, and she was correct as there was 40 1992's that looked like they were brand new from the mint. But she must not know about 40%'s as I found 3 1967's, 1 1968, and my first bicentennial 40% silver proof. A reason to never inform you tellers about silver!
What I am trying to say is both of those bank trips I used only slightly more than your bank roll and got silver, If you want to hunt silver, use the bank roll you have. I wouldn't be interested in picking up debt to roll hunt.
 

tuleja said:
I'm sure the teller had gone through them as she told me "there are a lot of shiny one's in there" as she handed them to me, and she was correct as there was 40 1992's that looked like they were brand new from the mint. But she must not know about 40%'s as I found 3 1967's, 1 1968, and my first bicentennial 40% silver proof. A reason to never inform you tellers about silver!
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It's not so much that tellers don't know about 40% halves, but just that it's not really worth their while to pick 'em. Usually, a teller's only buying source is the local jeweler or coin dealer, that typically pays only $1-$2 ea. because of the 40% halves "tainted" quality.
 

I do have a job. Been a cashier and service manager for over 20 years. Just got into debt with credit cards. Got rid of those and had to take money out to pay for the occasional car, or surgery. Then we lost my dad last year from a sudden heartattack due to the lung thing, CPOD or something like that.He was the major breadwinner in the family and had no life insurance since he went on voluntary layoff for the winter. Now all my extra money goes to taking care of my disabled mom who doesn't have health insurance and has 10 different meds to take. Hence the debt.

The only joy in life right now I have other than reading and writing is collecting coins. Since cutting back on the 1st two things, all I got right now is the coins. People think I am weird when I show them the 1900 Us dollar coin and the 1987 dollar in my pocket. but I told them that the sound of handling them soothes me. Like a coin collector version of a 'worry stone'.
 

Well being a cashier has come in handy yet again. Found a 2000 canadian 'freedom' quarter. I collect the canadian quarters being they always have something really cool coming out. Didn't have that quarter. Not the best quality but still neat. I think maybe tuesday or friday i'll go to a bank off the beaten trail about 20 miles out of my way. A freind of mine who is a bank manager told me that that particular bank doesn't get picked over much. She's not a coin collector but she knows what I talking about. Still totally bummed that the 100 bucks of halves were all picked over. She told me to make a black mark on it with a permanent marker, so tellers and CRHs know that it has been picked through already and don't make the same mistake. Oh well. I got another 32 dollars saved up. Closer to having 200 dollars to get rolls.
 

GarouLady said:
I do have a job. Been a cashier and service manager for over 20 years. Just got into debt with credit cards. Got rid of those and had to take money out to pay for the occasional car, or surgery. Then we lost my dad last year from a sudden heartattack due to the lung thing, CPOD or something like that.He was the major breadwinner in the family and had no life insurance since he went on voluntary layoff for the winter. Now all my extra money goes to taking care of my disabled mom who doesn't have health insurance and has 10 different meds to take. Hence the debt.

The only joy in life right now I have other than reading and writing is collecting coins. Since cutting back on the 1st two things, all I got right now is the coins. People think I am weird when I show them the 1900 Us dollar coin and the 1987 dollar in my pocket. but I told them that the sound of handling them soothes me. Like a coin collector version of a 'worry stone'.
Click to expand...

Please forgive the intrusion into your personal life, but I assume that since you posted on a public forum you are looking for opinions on the matter. In my opinion, your first step has got to be to pay down the high interest credit card debt. Even with a decent bankroll (which you don't have), you'll be hard pressed to find enough silver just to pay the interest on those credit cards. Forget CRHing for now. Forget everything but that debt. Every extra dollar after your mother's medical expenses are paid should go toward the credit cards. I would also sell any non-essential thing that I owned including my entire coin collection. I would have a yard sale and sell everything that I didn't need to survive. I would sell blood/plasma. Anything I could do to make an extra buck I would do and put 100% of it toward that debt until it was paid off. That has got to be your #1 priority after your mother. $10,000 of debt is a lot, but its not an astronomical amount. But, if you don't take care of it (and soon), with those high interest rates you may very quickly find yourself in a hole that you'll never get out of.
 

arkiebassman gives out great advise, i would take his advise as I would tell you the same thing. Good luck, and yes, family is a #1 priority. :)
 

Hunting volume can yield far greater than 20%-30% APR. My annualized return is around 185%.
 

ya forget CRHing for now

Get an extra job and follow Dave Ramsey's "snowball" method to clear out that debt.

Life is good debt free (sans mortgage).....can't wait to be done with that in a few years :-)
 

You will literally make more money per hour working at McDonald's than you will CRH. Do it if you enjoy it as a hobby, but don't do it thinking it'll get you out of debt or get you rich.
 

start walking ==which is free -- while doing it collect any aluminum cans or other "scrap metal" trash you come arross--once gathered sell said "trash" to a local metal scraper -ta dah --free CRHing money * -use said "freee money" to start small --cull and sell any silver you find to build up a CRHGing "war chest" ps contiue to "metal walk" and aslo check out any and all public coinstars / monet sorting machines for "loose excess" coinage -- save all "found money" for crhing funds--
 

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debt is slavery -- hunker down -- get tough -- suffer a bit even and pay it off * if let unattended and allowed to grow long term it will fiscally crush you -- bottomline --its you or the debt , there can be only one winner.
 

Thank you Ivan for the idea. I was teasing my brother about making a homemade metal foundry to melt down the aluminum cans we find that doesn't have a deposit. Ah, the benefits of living in michigan.

Other than that I definitely won't be posting any more personal information. If I wasn't taking care of my mom, I definitely would be looking for another job. And yes, I have buckled down to pay off this debt. Being browbeaten isn't something I care to experience when I come onto a forum to talk about one of my favorite hobbies.

sincerely, GarouLady
 

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halves were good today

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