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Replies: 20 / Views: 1,836 |
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Valued Member
United States
294 Posts |
I paid one of my kids to roll all my copper pennies I have a $130 worth and a Coffee full needing to be gone through .What am I going to do with these ?My standing joke is that it is the kids inheritances but lately I'm leaning towards selling them to buy other coins like a 20 cent coin.
seeking:more coins
Rainman
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Pillar of the Community
United States
1424 Posts |
If you re-roll the copper cents as you go it doesn't take that long. I roll all of the coppers after I go thru a $25 box. I use a coin tube but I don't trust it to count so I also weigh the whole tube full of pennies on my gram scale to verify the count. Once they are rolled I store thm in another $25 boxarked "Copper"
Are you hand sorting or using a Rydale?
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Pillar of the Community
United States
581 Posts |
You really need to give more info. Are you doing boxes at a time or just a couple of rolls?
I disagree about mixing wheaties with regular copper. Unless the price of copper goes through the roof, I think wheaties will always have a premium over 1959-81 cents. Why do new collectors go nickel roll hunting? Because it's the only series where you have a decent chance of getting an "old" (pre-1962) coin.
If you have a roll of wheaties, you are guaranteed to find coins that are at least 50 years old. Even if you don't care about the profit, it'd be a great gift for a new coin collector!
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New Member
United States
14 Posts |
You should also separate your 1982's into the 2 groups. It just takes a few seconds to distinguish the 1982 coppers from zincs. They actually taste quite a bit different from each other. The copper ones have a metallic taste while the zinc ones don't really taste like anything. I've gotten to the point where I can put a handful in my mouth and separate them that way. Give it a try.
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Valued Member
United States
302 Posts |
Uh.......that's kinda gross
Trust me, I've seen those pennies on the floor....in the bathroom.....under the urinal
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Valued Member
United States
294 Posts |
Uh.......that's kinda gross
Trust me, I've seen those pennies on the floor....in the bathroom.....under the urinalAnd In the urinals . As a Public service announcement (Don't put money in your mouth)Different Metal content of coins can often be heard by the tone when dropped .As a matter of fact to protect the coin and my self I wear gloves when handling coins . Seeking:If you swallow a coin it can take 1-2 days before it comes out in the end .(Sorry Could not resist) Rainman 
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Pillar of the Community
United States
1179 Posts |
I seriously hope Dreyfus is joking around, if not, I'm willing to be your sick %90 of the time. There are much better ways to determine the difference lol.
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Bedrock of the Community
United States
20753 Posts |
Happens a lot. Someone asks a question and it gets lost. Meanwhile back to the original question. What to do with all the coins. Simple. Go to any bank and ask for a coin bag. They are heavy canvas material. Put all your coins in that bag and take them all to the bank. Ask for the bag back for the next time. First ask if there is a charge for just taking in coins. If so, ask what is the smallest amount to open an account. Then open an account and now when you bring in your coins, just have them put into your account. If you need the money, just wait a few hours and go back and withdraw it or have them give you an ATM card and use that to withdraw your money. Always leave some in the account for future deposits.
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Valued Member
 United States
486 Posts |
Here is what I do more in depth: I usually search boxes of pennies. I hand sort them and put them into piles of 82's pre-82's post-82's. Sorry dreyfus, but when it comes to the pile of 82s I will flip each one and if it has a harmonious ring, if it does it's copper. There seems to be a lot of discrimination against 82's so I put the copper ones in a bag separate from the other copper pennies. and, I always hang on to my Wheaties!! This week I am ordering a $50 bag, but I still have't cashed-out my bucket of zincolns. And there's no way I'm going to hand roll all 4000+/- in my bucket. help -Max
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Bedrock of the Community
United States
20753 Posts |
Also, it may not be clear though if you want to save them instead of taking to a bank. Why waste time rolling them. Leave in anything that is air tight. Even a jar is better than a bucket. However, if no valuable ones, I still think the bank is the best place.
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Valued Member
United States
230 Posts |
take it to one of those coin machines dump em in and the machine spits out bills
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Valued Member
 United States
486 Posts |
fiddler, I thought of doing that but I don't think I am ready to loose more than 8% of my money in one of those newfangled devices. Does anyone know if banks do that service for free? I heard of a credit union in my area that does, but they wouldn't let me join because I live in a different county. -PP
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Pillar of the Community
United States
1179 Posts |
I know wells fargo doesn't charge if your a member. You just have to ask the bank your dumping into.
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Valued Member
United States
294 Posts |
PP hope you don't mind if I re-post this .Since I am 16 I do not have to pay living expenses so any money I get I am free to spend it on coins! One week I might buy a slabbed coin for $80. and the next week a few silver bullion coins or some Wheaties for $15. After I bought my prized 1793 Half Cent at the 08 coin show in Orlando I didn't buy coins for several weeks! Often I will sell coins for a little extra scratch. -PP Because of your age you may have limits of what you can at a bank with some of the advice you have been given without your parents help .Is this a factor? Seeking:Not to get to personal (Just to help) Rainman 
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Valued Member
 United States
486 Posts |
Rainman, My parents are members of several banks, and thankfully they are willing to help me when it comes to my hobby. I go with them to the bank to ask for my boxes of pennies.  -PP
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