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 Replies: 21 / Views: 10,766 |
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Valued Member
United States
121 Posts |
To me,the only difference is the wrapper and price! Esp. the price! I have many boxes of the 2009 Bicentennial Lincoln pennies,from my bank. I paid face value ($25) for each box. Since then,I've opened many rolls. I've found many,many exquisite examples in these rolls/boxes. I feel the results wouldn't be any different from the mint. Except,the ones from the mint,you would have to dish out quite a fortune,compared to face value. So in my humble opinion,the bank,is the best route. If available? These rolls I have are going for almost 8-10 times face value on the bay. Now which would you choose? -joey  Edited by joeykoins
03/11/2013 12:32 pm
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Valued Member
United States
186 Posts |
Keep in mind that bank wrapped rolls which appear to be all new coins could have older coins mixed in. this is a real slim chance but it could happen. The armor truck companies dont wrap coins for collectors but just for business.
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New Member
United States
18 Posts |
I went to the bank and got 2 rolls of pennies, 2 rolls of nickels, 1 roll of dimes and 1 roll of qurters. The two nickels had different packaging. But the only difference is price and wrapper. Which the bank is easy. I see 25$ penny boxes going overboard on ebay though. |
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Valued Member
United States
121 Posts |
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Pillar of the Community
United States
5211 Posts |
As you said you are paying more for the wrapper.
The upside is you get the rolls right away vs. having to ask at the bank week after week to see if they got any solid rolls of the new coins in.
Unless you are talking half dollars then you have to get them from the mint or wait for them to dump them into circulation after they take them off of their website for sale.
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New Member
United States
1 Posts |
I bought $50 worth of 2015 pennies from the bank. Never used or opened. What is the approximate Low and High grade do you think these may be in? Anyone ever looked at theirs?
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Bedrock of the Community
United States
74889 Posts |
 To CCF Anth44! The grades will depend, since they usually get banged around in the hopper at the U.S. Mint. Errers and Varietys.
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Moderator
 United States
189665 Posts |
to the Community, Anth44! |
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Bedrock of the Community
13014 Posts |
Quote:
What is the approximate Low and High grade do you think these may be in? They can honestly be all over the place. Somewhere one of those rolls may have a top pop sitting in it, but overall you're likely looking at low to mid MS like 63-65 |
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New Member
United States
8 Posts |
Hey everyone...
So here it is. I'm very new to all of this. So I want to make absolutely clear of what I am hearing. If I go to my bank and get any roll of coins they give me and I find some coins that are in top notch shape, very clean, not much dings or scratches, luster is good and all of that... Does this mean that that coin is considered to be in the "mint state" condition and can PCGS slab a coin as an MS67 or whatever? I see on PCGS "business strike" label on their website and grades that are MS68. Someone here in my home town says that the "business Strike" coins can never be considered an MS no matter what. Thanks for the help
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Bedrock of the Community
13014 Posts |
Quote:
Hey everyone...
So here it is. I'm very new to all of this. So I want to make absolutely clear of what I am hearing. If I go to my bank and get any roll of coins they give me and I find some coins that are in top notch shape, very clean, not much dings or scratches, luster is good and all of that... Does this mean that that coin is considered to be in the "mint state" condition and can PCGS slab a coin as an MS67 or whatever? I see on PCGS "business strike" label on their website and grades that are MS68. Someone here in my home town says that the "business Strike" coins can never be considered an MS no matter what. Thanks for the help They would be incorrect. All that matters for the grade of a coin is the current condition that it is in. It doesn't matter if it came out of a cash register, the cup holder in the car, an album, a mint set etc the coins are graded by their condition. Obviously you're a lot less likely to get a high quality coin depending on the method but it is possible though very rare to find high end moderns in change or at the bank. |
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Pillar of the Community
United States
1667 Posts |
I think "business strike" became an identifier around the same time the mint made satin finish on the mint sets, just to differentiate the mint set satin finish coins from the regular business strike coins.
Before then the only thing I ever heard was circulated, uncirculated and proof.
Not sure about this though, just my theory. Mint set coins and fresh date rolled coins from a bank were the same appearance mostly, there really wasn't any difference as far as the grading companies were concerned and the best examples would usually come from the mint sets.
2005-2010 was around when the "business strike" thing became a thing I think.
And if the coins in the roll"have not much dings or scratches it's not grading above a MS65. To get 67 and above it would need to be free of marks visible to the eye without magnification. MS 67 and above are exception coins and near flawless.
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Bedrock of the Community
13014 Posts |
Quote:
Before then the only thing I ever heard was circulated, uncirculated and proof. Many people use some of those terms incorrectly. Proof is a type of coin just as business strike refers to coins that are intended for commerce. Uncirculated and circulated are grades not types of coins. Business strikes, proofs, specimens, satin finish, colorized, reverse proof etc can all be circulated or uncirculated. Quote:
To get 67 and above it would need to be free of marks visible to the eye without magnification. MS 67 and above are exception coins and near flawless. There can still be marks just not severe ones. A lot of the top pop ultra moderns and moderns have tremendous luster, one of those coins you could pick out of a pile from 10 feet away seeing they're clearly exceptional. The luster and surface preservation plays a huge role |
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Moderator
United States
189665 Posts |
to the Community, spiritawahili! |
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New Member
United States
8 Posts |
Wow, what great information. You don't know how much searching I've been doing on coins and trying to get a straight answer. Thank you all you're the best.
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Replies: 21 / Views: 10,766 |
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First Page
Posted 03/11/2013 12:26 pm
