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Replies: 20 / Views: 3,789 |
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Pillar of the Community
967 Posts |
My aunt was vice president of a small local bank back in the 70s and 80's. Anytime that received new change in they would get it as loose change in bags. She would always go through the bags and pull out such change. I remember her showing them to me back then. It would be quit possible for someone at a large bank to pull many. My cousin still has them from back then. He just won't turn loose of them.
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Pillar of the Community
United States
2757 Posts |
I'll add that these dateless ones are much less valuable than the ones with a date, so I'm not all that surprised that they have a bunch.
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Bedrock of the Community
United States
17884 Posts |
Quote: Coins are also now shipped in bulk with metal frame Kevlar pallet bags to the armored carrier companies who then roll and distribute coins to banks. The armored carriers represent another layer of filtering and are supposed to return errors to the Mint for destruction but of course, not all of them are returned. Through their bulk purchase program it is also possible for dealers or other persons to buy these Ballistic Bags as well. (You actually have to go to the mint and pick them up yourself and provide your own shipping. You also have to make arrangements to load them yourself. I know Silvertowne does this. I got to tour their processing rooms recently and they had Ballistic Bags up on a hoist feeding into rolling machines. They said they go out to the mint and get them several times a year, and of course when each new coin is released.
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Bedrock of the Community
Australia
21788 Posts |
Most mints around the World bag their coins now, rather than roll them.
It would be impossible to roll grossly off center strikes such as these, and so now they more easily escape from the Mint.
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Rest in Peace
United States
9104 Posts |
There's a machine called a riddler designed to catch these. A tray with holes just large enuf to let a normal coin thru.
If the coin tries to fall through flat, it won't fit, but if it lines up on the narrow edge, it can fall thru.
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Pillar of the Community
United States
2295 Posts |
I could see a seller having over a 100 legitimate ones for sale.
And I don't think they used the riddler until early 2000s, like around 2002, since you can find quite a few off center cents from around 2000 and earlier. I couldn't find a date on when the US Mint started to use them. The coins are going up in price, since they are hardly ever released anymore, because of this riddler device.
And the ones with a date on them are worth more than one without. At least most dealers try to sell them for more and that is what I usually look for (ones with a date, but selling for less).
Edited by wquinn 01/26/2012 3:52 pm
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Rest in Peace
United States
9104 Posts |
Riddlers have been around since the 60s, at least. I had a simple version back then.
Dated ones sell for more because they are more collectable. You've got one dateless, you have a complete set.
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Pillar of the Community
United States
2295 Posts |
A riddler is just a sifter, so I wouldn't be surprised if they have been around a lot longer than that, but the big question is, did the Philly Mint use them on cents?
I tried to find some proof of when they started using them and I couldn't find anything with dates about it.
I remember seeing tons of off center cents in the 80s and 90s and then all of a sudden it stopped. Try and find some with a date after 2002 and they are very tough. I did a pretty big search a couple of years ago and I couldn't find any with a date on them after 2002.
Anyone have a reference from a book or website on this?
Also, I rarely see any from the D mint, so maybe they used them before Philly? What about the S mint? Any from there?
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Bedrock of the Community
United States
17884 Posts |
They had riddlers for years before 2000, but they started passing them through additional riddlers. If you have a riddler that catches 90% of the errors and you pass the coins through it three times you will catch 99.9% of them. Another reason why the off centers disappeared is because around 2002 they switch from the vertical striking presses to the horizontal striking. If you are striking vertically and the planchet isn't in the collar it sits there and can still be struck by the dies. But on horizontal striking if the planchet isn't in the collar it falls out of the way. (Gravity works) To get an off center it has to catch the planchet as it is falling.
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Pillar of the Community
United States
2295 Posts |
After thinking about it some more, maybe the stamping presses were also improved upon in 2002 to prevent this error from happening?
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Pillar of the Community
United States
2295 Posts |
Thanks for the info, Michael.
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Rest in Peace
United States
9104 Posts |
Quote: Another reason why the off centers disappeared is because around 2002 they switch from the vertical striking presses to the horizontal striking. If you are striking vertically and the planchet isn't in the collar it sits there and can still be struck by the dies. That sounds backwards to me. I take it vertical means the dies move up and down, while horizontal means side to side? I'm trying to figger how dies going side to side strike anything as the blank drops past them.
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Bedrock of the Community
United States
17884 Posts |
Yes, vertical is up and down, horizontal is side to side.
That is just it, the only way to strike an off-center on a horizontal striking press is for the dies to come together and happen to catch the planchet before it get a chance to completely fall out of the way. A split second later and the planchet wouldn't be there. It can still happen because the dies are striking 13 times a second and it does take a bit of time for the planchet to get out of the way.
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Rest in Peace
United States
9104 Posts |
I just can't wrap my head around how the coins are ever struck properly, since they have to be hit exactly while falling. sorta like the catch the falling knife.
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Bedrock of the Community
United States
17884 Posts |
The planchet are normally enclosed in the collar. I would suspect the planchet are put in the collar and there is something over the holes until just before it moves in between the dies.
I don't know if the mint uses the same system but I have seen presses where the collar is a large steel disk with 24 holes around the circumference. This disk is mounted vertically. Now you would put the planchets in at say 9 o'clock. About every 1/12 second the disk rotates one position. From 9:30 to 2:00 there is a cover on each side to keep the planchet from falling out. At 3:00 are the dies. Every 1/12 second a planchet is rotated into place and the dies come together striking the coin and withdrawing. At 6:00 a rubber tipped ram pushes the coin out of the collar and when it gets back to 9:00 it get loaded with another planchet. To get an off-center when the collar rotates to the 3:00 position the planchet slips out at the bottom and falls out but before it gets completely out of the way the dies come together catching the falling planchet and striking the off-center.
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