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Searching Bank Penny Rolls, Help.

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First Page  Showing last 15 replies.
Author Previous TopicReplies: 21 / Views: 10,305Next Topic Page 2 of 2
Valued Member
United States
212 Posts
 Posted 01/13/2011  01:09 am  Show Profile   Bookmark this reply Add schnauzer to your friends list
I buy the $25.00 box. Sort. Pull the wheats. Pull the pre 1982's. Pull toned coins with nice eye appeal. (Putting together a 1941-2010 toned cent set). Take unwanted cents back to the bank in a tupperware food container ($19.00 AVG.) Teller takes the cents and puts in large counting machine (FREE) comes back and tells me how much it was. I add about $6.00 to the amount and buy another box. My bank is U.S. Bank. Have to have an account at the bank for them to do this service for you. If you take rolled coins in there they will have you open them all up. There are several banks in Oregon that have the counting machines and will do this for you, if you have an account, for no charge.
Another good idea is to buy your cents at one bank and cash them in at another. That way you're no looked upon as a pest so much.
Edited by schnauzer
01/13/2011 01:11 am
Pillar of the Community
United States
3276 Posts
 Posted 01/13/2011  01:21 am  Show Profile   Bookmark this reply Add murrellington to your friends list
nice info. I just picked up my first $25 box today. opened about 1/3 of the box. 5 wheats so far and lots of pre 1982. also found like 10 or so s mints. I am deciding to save copper pennies, wheats, and any s mint penny. also looking for the Wide AM pennies. what will you eventually do with the copper ones? I know copper is worth more than face value but it is illegal to melt, so what is with everyone saving their copper?
Pillar of the Community
United States
602 Posts
 Posted 01/13/2011  01:38 am  Show Profile   Bookmark this reply Add wolf-n-wa to your friends list
K, so save all wheats, copper and MS coins ya find. That's what I do anyway. Their is a guy here where I live that pays $97 for 5000 copper cents. Thats just under 2 cents a piece. Have seen them on e-bay sell for $20 for 1000. But I don't have to deal with listing them and shipping etc. I don't save the S mint coppers unless they are MS or AU. Which a lot still are out there. The rest just go in my copper pile. If ya find an S later then 74 then it's gonna be a proof coin. I've also found proofs roll searching. Make sure you look for the error coins also. Good luck and as someone has said it is addicting. WOLF
Valued Member
United States
212 Posts
 Posted 01/13/2011  02:26 am  Show Profile   Bookmark this reply Add schnauzer to your friends list
Greetings murrellington. Go to Search Coin Community at the top left of this page and type in 67811
There is a discussion there regarding this subject. I'm not planning on getting rich doing this, but it's kinda fun. Gotta love the hobby.
Edited by schnauzer
01/13/2011 02:28 am
Valued Member
Canada
274 Posts
 Posted 01/13/2011  03:39 am  Show Profile   Bookmark this reply Add yves to your friends list
Hi !

I'm curious about the price of the copper at scrap yard. I'm from Canada and the cent was in copper until 1996.

Help me with the right price, number and calcul if it's wrong...

The price of cooper are around 9500$ ? by ton, 1 ton is 2000 pounds ?

2000 pounds is 907185 Grams ?

A canadian cent weight 2.5 Grams but are copper at 98%, the weight of the copper is 2.45 grams.

9500$ = 907185 Grams of copper
X = 2.45 Grams

The result is 2.5 cents

Right ?
Valued Member
United States
212 Posts
 Posted 01/13/2011  04:57 am  Show Profile   Bookmark this reply Add schnauzer to your friends list
Wow, that's alot of numbers. I'm not sure. I do know that copper is at $4.37 per pound this very moment. It takes 153 copper cents to make a pound. So I come up with 2.85 cents metal value per penny. But my best grade in math was a C-, so I'm not sure. I think that's right though.
Pillar of the Community
United States
3276 Posts
 Posted 01/13/2011  04:59 am  Show Profile   Bookmark this reply Add murrellington to your friends list
I'm not too great at math but I think that sounds about right.



and so in the first $25 box I opened, I got 9 wheats. crazy how out of 2,500 pennies I only got 9. that is a .0036% chance of finding one. but I did get about 30 s mint mark pennies from about 1970 to 1974. probably cause I live in san diego which is close to San francisco. anyways I'm also setting aside coppers and '09 + '10 pennies cause they have low mintage and look great.
Pillar of the Community
United States
3294 Posts
 Posted 01/13/2011  09:47 am  Show Profile   Bookmark this reply Add nod2003 to your friends list
Actually that is a 0.36% chance, not 0.0036%. You probably have a 0.0036% chance of finding an Indian Head cent.
Valued Member
Canada
274 Posts
 Posted 01/13/2011  4:33 pm  Show Profile   Bookmark this reply Add yves to your friends list
Murrelington : I mist a lot of "S" mint mark, if you have some spare you can conctact me, I can be interrested.

I live in Quebec, Canada, I just call at scrap yard for fun and the price is 3.52$ CDN by pound.

If you tell that it'S 153 by pound, it's around 2.3ยข each

Any buyer ? lolll

Pillar of the Community
United States
3276 Posts
 Posted 01/13/2011  4:50 pm  Show Profile   Bookmark this reply Add murrellington to your friends list
thanks nod, I forgot to move the decimal over :)

Valued Member
United States
137 Posts
 Posted 12/22/2011  11:35 pm  Show Profile   Bookmark this reply Add Bilboleslie to your friends list
Searching bags of pennies (5,000 pennies = $50 bucks.)

Latest roll:

17 Canadian pennies, oldest 1958

Nice US coins:
17D
25S
25S
38 Nice - 50% mint lustre
40S
41
42
44S
45
50
51D
53S
53S
54S
58D
58D
58D

17 total wheaties.

Funny finding two of the 25S. Doesn't seem that that could be a coincidence.
Valued Member
United States
137 Posts
 Posted 05/12/2012  1:37 pm  Show Profile   Bookmark this reply Add Bilboleslie to your friends list
I bought another bag of pennies from my bank last night.

From 5,000 pennies I got:

Three dimes
13 Canadian cents, oldest 1951
15 wheat cents, with two fairly nice ones. 1911 P and 1919P
Nothing from 20's, 30's. Two '44.

No foreign other than Canadian.

Well, I enjoyed it, anyway.
Pillar of the Community
United States
1116 Posts
 Posted 05/12/2012  7:48 pm  Show Profile   Bookmark this reply Add ghostrider to your friends list
I usually find .5% wheats from my roll searches and find on average 23% copper.

You can find some interesting coins in a roll of pennies. The most unusual coin that I found in a roll of pennies was a 1978 20 cent coin with scalloped edges from Hong Kong. Certainly this coin is one of the most well traveled coins that I have found yet. I have often wondered how much this coin was worth.
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United States
15489 Posts
 Posted 05/12/2012  8:11 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list
Why is this old thread from 6 months ago being resurrected?

Politely suggest that Bilboleslie should post his/her occasional updates in the roll searching forum.

David
Take a look at my other hobby ... http://www.jk-dk.art
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