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Replies: 10 / Views: 2,208 |
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Valued Member
Canada
387 Posts |
At the bank I noticed that the teller had rolls of quarters in shrink-wrap. This is the kind of wrapping you see on new rolls directly from the mint. I thought they would be new and so picked them up.
Turns out they are all previously circulated coins.
Moral of the story
Not all shrink wrapped coins contain previously uncirculated coins
Any thoughts?
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Pillar of the Community
United States
2543 Posts |
Quote: Not all shrink wrapped coins contain previously uncirculated coins I think you pretty much covered it 
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Valued Member
Canada
55 Posts |
This surprised me the first time I seen them as well. They are quite common. I believe they are old coins that went through the recycling program and re shrunk wrapped by the mint but I could be wrong..
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Pillar of the Community
Canada
1581 Posts |
Yeah, probably ARP rejects.
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Pillar of the Community
Canada
2187 Posts |
The same happened to me last week. I was so excited thinking I had gotten a few new rolls
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Pillar of the Community
United States
1750 Posts |
I wonder how long before the RCM starts harassing people in advertisements to redeem their pocket change stashes? Never thought I'd see the day the pure nickel coins were removed from circulation...wow.
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Pillar of the Community
Canada
867 Posts |
Probably from a transit company or someone that encounters lots of change..
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Pillar of the Community
Canada
618 Posts |
That is right---anybody can shrink wrap---Banks just weigh them when deposited.
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Valued Member
Canada
250 Posts |
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Pillar of the Community
710 Posts |
One coin dealer told these rolls are only worth face value and "just take them to the bank".
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Pillar of the Community
Canada
933 Posts |
I hate seeing shrink wrapped rolls. Means they are all new-er coins. When I get a sealed box of dimes or quarters I just go straight to another branch and return it. Waste of time looking at 2001-present coins
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Replies: 10 / Views: 2,208 |
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