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Replies: 24 / Views: 3,528 |
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Valued Member
United States
89 Posts |
I am new to coin roll hunting. I just received my first box of halves and have noticed something interesting: a decent amount of the coins have markings on them. Some are marked with the letter F in permanent marker on the obverse. Others have two parallel permanent market lines on the edges. Is it common practice to put an identifying marker on coins that you have searched?
About 20% of the coins in my rolls were marked. None were keepers.
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Valued Member
United States
83 Posts |
I've noticed this as well. I think people do this so they can see if they are searching the same coins over and over again.
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Valued Member
Canada
135 Posts |
I never quite understood that, particularly when coins mainly come in rolls.
Wouldn't it be faster and easier to mark the rolls? How would you know until you got home if you searched them or not?
Maybe some are getting coins in bags. Then again, why not mark the bag?
All I can think of is it is for people returning loose coins into a machine that the bank then rolls on location. Again your going to have to open rolls first, but I guess it saves wasting all your time.
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Valued Member
United States
306 Posts |
it's illegal, stupid, and disrespectful,...but yes people are out there doing it
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Valued Member
 United States
89 Posts |
It is not illegal. U.S. Tital 18, Chapter 17, Section 331 prohibits "fradulent alteration and mutilation of coins." Putting marker on a coin is not fraudlent. As an example, it is legal to have those penny squishing machines because it is not done in a fraudulent manner.
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Valued Member
United States
492 Posts |
I use a permanent marker to put a thick line at the end of the paper roll, but not on the coins themselves. At this point in my area it's getting harder for me to find any that I haven't gone through.
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Pillar of the Community
United States
1054 Posts |
I too put some sort of marker on the paper casing, I just don't want to get the same stuff. Even these rolls circulate to other banks and coin searchers tend to re-use the same paper casings. It's a real time saver.
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Pillar of the Community
United States
622 Posts |
Sixthcents, Many of us don't have the option to return coin in rolls. We would be asked to unroll the coin because they want to count it. For us, marking coins can provide very valuable information. I marked a few coins when I first started. And I'll do it again when/if I establish a new dump location. There is a lot of information to be provided from finding your marked coins. If I put a unique mark on a coin in June, and I get that coin back, I know that my dump bank is sending coin to the same location I buy coin from. If you know the date and how many you marked, it can help determine if the box you receive is mostly your old coins or mixed with a bunch of other coins. If I mark 10 with the same symbol and get one back every few boxes, I know that I'm at least getting a bunch of coin that I haven't seen. If I get 5 of the 10 in one box, I know that its mostly the same coin I've looked through and I probably need to change something up. Its just about gaining knowledge...not marking territory, at least for me.
That said, I am torn a bit. I hate when I find an error coin that has a sharpie mark. And who's to say I wouldn't put a mark on a coin that someone else wanted to keep. Because of the markings on coin by other CRHers, I pretty much know after just a couple rolls if I'm getting a box of coin that is mostly composed of other dumps. May not be super useful but it does help determine the amount of time and effort I give to the box of coins.
Personally, I'll take the downside with the upside and try to find a happy medium and only mark enough coin to meet my objective.
OO
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Valued Member
United States
125 Posts |
Marking coins is something I would never do. The act takes too much time. Sometimes you'll find a lot of marked coins other times not so much. I wouldn't run from rolls with marked coins, always look through just in case.
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Pillar of the Community
United States
4333 Posts |
Quote: Marking coins is something I would never do. The act takes too much time. Sometimes you'll find a lot of marked coins other times not so much. I wouldn't run from rolls with marked coins, always look through just in case. Not so. One can easily mark 100 half dollars in about 10 seconds. I won't say how.
When I listen to LED ZEPPELIN...so do my neighbors... Roll hunting since '77 Dirt fishing since '72
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Pillar of the Community
United States
4333 Posts |
Quote: Wouldn't it be faster and easier to mark the rolls? You can't mark rolls that you get from a courier...these are machine wrapped, many roll hunters order boxes this way, and dump the coin loose through counters or bags.
When I listen to LED ZEPPELIN...so do my neighbors... Roll hunting since '77 Dirt fishing since '72
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Valued Member
United States
306 Posts |
There is a provision of law making it legal for the coin pressing machines to turn pennies into tokens. Perhaps more of the context of the law seen below doesn't expressly state putting sharpie, nail polish, spray paint, etc. as illegal....but I'd be curious to know if any of those disrespectful enough to mark coins would be inclined to send a picture of their handy work to the Secret Service for confirmation that such defacement is indeed legal.
From the USBEP "Defacement of currency is a violation of Title 18, Section 333 of the United States Code. Under this provision, currency defacement is generally defined as follows: Whoever mutilates, cuts, disfigures, perforates, unites or cements together, or does any other thing to any bank bill, draft, note, or other evidence of debt issued by any national banking association, Federal Reserve Bank, or Federal Reserve System, with intent to render such item(s) unfit to be reissued, shall be fined under this title or imprisoned not more than six months, or both. Defacement of currency in such a way that it is made unfit for circulation comes under the jurisdiction of the United States Secret Service."
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Pillar of the Community
United States
4333 Posts |
You must recall seeing the ads from the 1980's, selling the gold-plated Kennedy half dollars, counterstamped and all. Not sure which company(s) were the culprits, but those coins were heavily advertised for quite some time, as were the LMC's also counterstamped by private companies. Doesn't get more blatent than that. We roll hunters find them quite often. What about all the colorized coins on the market today?
When I listen to LED ZEPPELIN...so do my neighbors... Roll hunting since '77 Dirt fishing since '72
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Pillar of the Community
Canada
3692 Posts |
Permanent marker can be removed with alcohol.
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Valued Member
United States
306 Posts |
And spray paint graffiti can be removed from a wall with a pressure washer....so what's the point? The point is respect.
Way to keep coin collecting classy, so keep on marking you fine ambassadors of numismatics!
Edited by VetStudent 07/26/2012 7:40 pm
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Moderator
 United States
188130 Posts |
VetStudent, what you quoted from the BEP applies to Federal Reserve Notes, not coins.
However, I agree with you in principle, I do not mark or mutilate coins. Except for the elongated cents, which my four year old son collects (and I am hoping becomes a gateway into our hobby).
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Replies: 24 / Views: 3,528 |