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 Replies: 21 / Views: 6,130 |
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Pillar of the Community
Canada
1984 Posts |
I have cracked maybe 200 old rolls bought at auction. Nothing like SPP....I am guessing 1000s of rolls and bags too!!
I did really well on some original 1950s cents rolls coming out of the US (lots of MS65, hangers etc) and also on a 2006P cent roll (2 or 3 MS67, lots of MS66). But original cheap rolls of cents seem to have dried up.
I bought close to 50 fresh rolls of early 1960s nickels. Out of 2000 nickels, I got maybe 5 MS65 and no 66s. I got MS65 of 1963 64 65 and 67. No 1966 in maybe 10 rolls. Disappointing but a break even learning exercise.
Overall though, I have decided that it is not worthwhile to buy rolls a ay material premium to hope to find gems. There is a lot of disappointment. If you can buy them cheap...great. But don't pay up. Usually there are spots, bag marks etc. I have opened many rolls of cents that went straight back to the bank for 50 cents due to carbon cpots.
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Pillar of the Community
 Canada
9866 Posts |
You can also collect rolls for their own sake.
I have a complete set of OBW and mint wrapped rolls of 25cents from 1956 to present.
I have '53 '54 and '55 BU rolls that have been made up.
This collection has been over thirty years in the making.
I will likely never find the three earliest rolls in truly original wraps at a price that I can afford.
When I pass this collection will pass to my middle granddaughter who is now 23 with instructions for the collection to remain intact until 2053 when the first Elizabeth quarters will be 100 years old. She has agreed to this and I trust that of all nine grandchildren she is the one most likely to carry it through.
"Dipping" is not considered cleaning...
-from PCGS website
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Pillar of the Community
Canada
9866 Posts |
Bit of trivia.
The Mint did not roll coins until 2004.
What we call "mint rolls" prior to that were wrapped by Brinks.
"Dipping" is not considered cleaning...
-from PCGS website
Edited by DBM
09/19/2016 11:27 am
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Pillar of the Community
Canada
2845 Posts |
Quote:
The Mint did not roll coins until 2004.
What we call mint rolls prior to that were wrapped by Brinks.
Possibly the role of Brinks varied across the country, but in Western Canada it began by only serving as a secure transportation carrier between banks including the collection of deposits from large commercial depositors. Only banks received loose mint coin directly from BofC and it was rolled in paper bank labeled wrappers, with both of the ends sealed (crimped) firmly shut. If my memory is correct, it was only about in the '90s when Brinks began receiving and supplying mint coin. Part of the challenge today in finding older unsearched mint rolls from decades ago is recognizing the original wrapper that each of the different banks used at the time. For example prior to the '60s and mergers, CIBC was the Imperial Bank and The Bank of Commerce. ebay often has good examples of original rolls, but looking closely it's obvious one of the ends has been opened and the roll searched at some point in time because it is impossible to firmly and tightly reroll the crimped end back to its original state. Aside from that, paper disintegrates over time and therefore it would be natural for original mint roll collectors to have repackaged mint rolls solely for the sake of preservation, making the search for what is unsearched even more difficult at this point in time. Unless a buyer knows that a seller has owned the rolls ever since the coin was minted, I think that all makes the success rate of attempting to buy "unsearched" mint rolls on the secondary market to be very low. Edited by wildflowerAB
09/19/2016 11:39 am
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Pillar of the Community
 Canada
5404 Posts |
With experience , it is quite easy to tell if the old bank shotgun rolls 1940s through early 1970s have been played with. For fun ( and to make up UNC Year sets ) we cracked a roll of 1967 10 and 25 Cents " BANK of Montreal Vancouver" . The results were interesting . The 25 cent roll was straight , coins averaged MS 63 some worse some better. No errors. The 10 cent roll had a clipped (Minor) planchet , 45 total 1967 coins and the other five were 4 of 1966 and a circulated George VI. Just because it is an original Bank roll does not mean all brand new UNC coins of the same year. The Banks would open the mint sealed bags and roll as needed. Sometimes other stuff got in there. The only real assurance of all new was to buy BAGS of coins still sealed from the RCM. Edited by Pacificoin
09/19/2016 12:05 pm
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Pillar of the Community
Canada
5404 Posts |
Also Brinks was mentioned earlier. There are wrapped Brinks Rolls of the 1982 Constitution Nickel Dollar available from time to time. Most of those have been cracked for coinage alignment errors and high graders though.
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Pillar of the Community
Canada
2845 Posts |
Quote:
The Banks would open the mint sealed bags and roll as needed. Sometimes other stuff got in there.
Very true. There was an enormous amount of circulated coin back in those days and it would be natural for banks to top up existing loose coin that needed to be rolled with the new that served as excess reserves, left sitting stored in canvas bags in the vault until needed. Into at least the 70s and 80s it was unheard of for banks to require customers (or charge them) to roll the coin in their deposits and so rolling coin taken in or ready for supply out was a full time job in larger branches. I vaguely recall an old coin rolling machine from that era, it was the 1/2 the size of a small room and as loud as any industrial equipment. |
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Pillar of the Community
Canada
2845 Posts |
Quote:
There are wrapped Brinks Rolls of the 1982 Constitution Nickel Dollar available from time to time.
I'd wonder when they were placed in a Brink's coin roll and by whom because I can't think of anyone in Canada that Brink's would have supplied 1982 Constitution Nickel Dollars to. In the early '90s Brinks took over servicing and supplying of cash to ATMs. Noticing the history of the company on their website, that seems to be about the earliest possible time within Canada that the company took on their new role of direct supplier of circulated coin and currency. However Brinks is a US company. Perhaps across the border Brink's function was very different? @ DBM would you kindly clarify what era of Mint rolls from Brink's that you're referring and how they're packaged? Clear or paper holders? I'm just curious as I also notice that Brinks also sells branded coins wrappers to the general public. |
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Bedrock of the Community
Canada
21641 Posts |
I have 2 rolls of the 1984 Cartier Nickel Dollars but they say "Canadian Mint" on them. Would these be wrapped by the mint?  |
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Pillar of the Community
Canada
5404 Posts |
1982 Constitution Rolls have the Winged Wheel Brinks Logo printed right into the Black white and Red rolls . Brinks has operated in Canada starting in Montreal QC in 1927.
Edited by Pacificoin
09/19/2016 3:41 pm
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Pillar of the Community
Canada
2845 Posts |
Quote:
Brinks has operated in Canada starting in Montreal QC in 1927.
No argument that Brink's armoured tramsportation service has been around for a long time. They were licensed to carry weapons whereby bankers certainly weren't so they played a huge role in preventing robbery in the transportation of cash. My uncertainty is what period of time in Canada did Brinks take on the task of releasing mint coin and currency to the general public? |
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Pillar of the Community
Canada
2845 Posts |
Quote:
have 2 rolls of the 1984 Cartier Nickel Dollars
but they say " Canadian Mint" on them.
Would these be wrapped by the mint?
That's really cool! Sure looks like they were wrapped and sold by the mint, if not the Bank of Canada. The reason I'd guess it could've been distributed by the BofC is in 1967 my father ordered five Centennial $1 banknotes directly from them. I still have the original mailed envelope with the filled BofC requisition. |
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Pillar of the Community
Canada
1461 Posts |
Quote:
Aside from that, paper disintegrates over time and therefore it would be natural for original mint roll collectors to have repackaged mint rolls solely for the sake of preservation, making the search for what is unsearched even more difficult at this point in time. Unless a buyer knows that a seller has owned the rolls ever since the coin was minted, I think that all makes the success rate of attempting to buy "unsearched" mint rolls on the secondary market to be very low. I'm not sure I agree with that. I'm fortunate to operate a store in an area where these can be relatively common. Albeit not a daily occurrence, late 50's/60s silver rolls do surface from time to time with early 60's nickel rolls being VERY common. Mint sets even more so. I've seen boxes and boxes of 63-67 sets still sealed in mint "50 pack" boxes come through the door. Not unlike the coin rolls, these were just hoarded by individuals and not necessarily bought as collectibles and is one of the reasons why they are not picked through. Edited by TheCoinHunter
09/21/2016 4:49 pm
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Pillar of the Community
Canada
1461 Posts |
In the spirit of reporting submitted rolls to ICCS to determine whether virgin rolls benefit from being individually graded or sold as an original rolls, here are the latest 3 plus a 1966 previously posted.
Roll # 1 1965 50 Cents
3 x MS63
1 x MS63 C
3 x MS63 HC
3 x MS64
8 x MS64 HC
2 x MS65 HC
Roll # 2 1965 50 Cents
1 x MS62
2 x MS62 HC
4 x MS63 HC
9 x MS64 HC
2 x MS65
2 x MS65 HC
Roll # 3 1964 50 Cents
3 x MS63
7 x MS64
9 x MS65
1 x MS65 C
Roll # 4 1966 50 Cents (This is the original roll I posted.)
2 x MS63
2 x MS64 C
9 x MS64
4 x MS65
1 x MS65 C
2 x MS66
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Valued Member
Canada
127 Posts |
Not bad at all CoinHunter. I don't even know what original 60s rolls sell for these days, but I'm guessing that with that many 65s and 65HC you are doing far better than selling a roll?
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Replies: 21 / Views: 6,130 |
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Posted 09/18/2016 11:49 pm
