Mojos story. Updated with PHOTOS. Newbie to Pro

coinmojo

Bronze Member
Mar 18, 2008
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Michigan
Mojo's story. Updated with PHOTO'S. Newbie to Pro

I am new to this site. The reason I discovered it is that I am in search of an answer. What gives?

I have been coin roll hunting for a couple of years now and came across coinroll hunting on a whim. I have been a novice coin collector since I was 7 yrs. old just picking coins out of my pocket change.

Nearly 3 years ago I was making a deposit at my bank and noticed a couple of 1/2 dollar coins in the tellers tray and asked if she was willing to sell them to me, and she said oh yeah please take them all I'm tired of counting them. as a matter of fact I've got $110 worth in my vault you can have all of them too if you want, and I thought about it for a second and agreed to purchase the whole lot not really knowing what I was looking for, just knew I hadn't seen them around very much.

When I got home me and my kids went through them and I found my first Franklin 1/2 in mint condition I might add. :o 1953 d. the only silver coin in the lot. :( but I still remember how excited I was. What a rush. I couldn't believe it.

I ran out the next day and bought The red book and determined the value to be around $16. Wow I just made $15.50 I thought that was awesome. I need a plan.
First I gotta get rid of $109.50 in half dollars. I can't take them back to the bank where I got them from I thought because the teller pretty much let me know that she did not want to see them again. So for the next week I paid for everything in half dollars. :D Gas, Pizza, Cigarettes Etc. man you should have seen the reaction. The kids at the pizza joint couldn't wait to buy them out of the drawer :P The foreign guy at the gas station didn't know what they were. :o ??? LOL

Well the next time I go to the bank they didn't have any more so what was I to do??? after leaving that bank I realized that there are lots of banks. So I tried my luck at another bank and this time a teller had a hand full and I got a couple of %40 and a %90 out of less than $20.

So that's how it all started for me. It took about 6 months for me to perfect my strategy. I learned something knew with every visit and every bank I visited. Like

Tellers really hate 1/2 dollar and dollar coins
Most young ones don't know anything about silver coins.
The older ones save them for themselves.
Most are happy to get rid of them.
Almost all C.U.'s require an account to exchange cash
Most banks would like for you to open an account to buy coins from them.
Brinks has an automated coin rolling & packaging system. no one See's the coins. We like that.
Map quest will show you where every bank is everywhere.
Tellers will call you if you give them your number. As long as your nice. This has been lucrative.

So know I have about a dozen Bank account's. I got a lot of free gifts. And I haven't had to roll my halves and put my account number on the rolls anymore cause I found a bank with a change counter. WEW. No charge if you maintain an account.

Now I'm rolling. My first brinks box Yielded at lest a dozen %40's so this is gonna work. No driving around cold calling wasting time wasting gas . Just order a box and have a standing order with several banks / branches and have a dozen dump branches. I pick them up on my way home from work , spend about an hour going through them and dump them by 6pm.

About a month into my perfected system I hit the Mother load. Over 200 silver halves mostly Walking Liberty's and Franklin's I pretty much rounded out my collection and filled my books that day. That was 2 years ago.

After that day I was hooked beyond belief. I order boxes from several banks a week. Nearly 12,000 coins + cold calling when I wasn't scheduled for a pickup. I gotta believe I have sifted through nearly a million dollars in halves. ("I got blisters on my fingers") I have since had some nice boxes and nice hits on cold calls. but never like that again. I was averaging 7 to 20 keepers per box with an occasional Skunk.

I have probably recovered $2000 in Ike dollars cold calling and found only 3 silver Ike's and about 2 dozen Morgan and Peace dollars mostly on 2 separate occasions. I have a single source for dumping my Ike's, and they are happy about it cause word got out that they get them, and people are waiting in line for my deposits. On two occasions while cold calling I asked for the large dollar coins and I was directed to go to the branch where I dump them. LOL.

I got a hell of a lot of oddball coins and foreign coins some of which are silver. (another story for another day)

But Now!!!! for the last 3 months I am getting Skunked. on all fronts. If I get 1 to 5 keepers per box I consider myself lucky. Spending 6 to 8 hours a week or more and only coming up with a handfull of keepers a week is not very good. And not Worth the Time and effort.

So what gives? I know there is a ton of people doing this. I talk to them in the dump line every week and none of us is having any luck. Have we sifted through all the boxes in the reserve? and only catching what little is trickling in now??? Any Clues?

I for one have been cashing in everytime I get around 10 to 20 rolls of junk silver or whenever it's above $12. I couldn't afford to hoard that much.

Thanks, looking forward to your responces. Mojo the coin roll hunter.


"UPDATE" ......I found a way to upload my cell phone photo's of the "FATEFUL DAY" here they are.
My amended total for that dream box as I was writing from memory when I posted my story. so here are my amended totals much better than I remembered and speculated in my story.
1-1901-S Barber
161-Walking Liberty's
108-Franklin's
9-1964 JFK's
32-40% JFK's....Still hard to believe. Took a photo with my cell'ie

First 2 photo's Dream Box #1 311 total keepers. all but 32 are 90% + 1 barber 2 yrs. ago

2nd 2 photo's Dream Box #2 over $200 face value in keepers $180 in 40%'s about a month after Dream Box #1

"AHHH THE GOOD OLD DAYS" Enjoy the memory's CRH Mojo
 

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Re: Mojo's story. Updated with PHOTO'S. Newbie to Pro

yes but they will not deliver to a residence. My business is in my home.

However, I have been casing some banks here that have shut down. That would be the perfect place since it already has a vault.

I could hire some high school kids or my sisters kids and pay them under the table..... you know child labor. How hard is it to unwrap coins. Or maybe make it a project for the nursing homes let the elderly do it. Just joking.

Cat
 

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