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 Replies: 15 / Views: 1,078 |
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Pillar of the Community
United States
3330 Posts |
I see advertised on E-bay Cent "Bank Rolls" advertised with all coins in the roll of one specific date and mint. How do these sellers obtain these rolls?
Thanks for any information.
Pete
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Pillar of the Community
Canada
3167 Posts |
These rolls would most probably have come directly from the mint, or through a bank, most likely during the year of mintage. It would have been stored intact from then on.
This is assuming that it is not a made-up roll that is being falsely advertised as a OBW (original bank-wrapped) roll.
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Valued Member
United States
207 Posts |
Quote:
This is assuming that it is not a made-up roll that is being falsely advertised as a OBW (original bank-wrapped) roll. Then by definition, an OBW roll should only have uncirculated coins, correct? Recently I purchased a single-year OBW roll and some of the coins had worn-out legends on the reverse. Fortunately there were two RPMs inside and more than made up the cost, but it really is a discouraging sign for future purchases. On the other hand, I had also bought two 1970S rolls from another seller and those were all BU. Edited by coinaki
05/23/2013 8:26 pm
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Bedrock of the Community
United States
62064 Posts |
Depends. I've gotten rolls of rolled coins with some regular coins mixed it. (Maybe 1-or two.) They were wrapped in plastic so I could see them. But what ever is dumped into the wrapper can be OBW rolls. Even circulated coins come that way from the bank. The older rolls were stored for X amount of years by collectors who bought them and put them back.
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Pillar of the Community
United States
1915 Posts |
Many banks obtain their cents in bag form, then roll them at the bank. Because of this, one could expect to see a different dated cent or two in the roll. Remember, these are "OBW" rolls (original bank wrapped). The name does not imply mint wrapped rolls.
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Valued Member
United States
207 Posts |
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Many banks obtain their cents in bag form, then roll them at the bank. Well there's something I didn't know. I thought the bags from the US Mint go directly to coin-rolling companies (such as Brinks, NF & String), and then these companies distribute the rolls to banks. So does that mean that I can go to my bank right now and ask for a Penny roll or box of, say... 2013 ? |
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Pillar of the Community
United States
597 Posts |
most banks cant do that they used to but it dosnt work that way anymore you just have to get lucky. if you are looking for 2013 I do have extra boxes
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Pillar of the Community
United States
2624 Posts |
Quote:
Well there's something I didn't know. I thought the bags from the US Mint go directly to coin-rolling companies (such as Brinks, NF & String), and then these companies distribute the rolls to banks.
I don't know when they changed but back in the '90s you could get "mint bags" from the bank. Quote:
So does that mean that I can go to my bank right now and ask for a Penny roll or box of, say... 2013 ? If you are well known by the teller you might be able to specify if you want a "new" or "mixed" box. |
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Valued Member
United States
207 Posts |
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most banks cant do that they used to but it dosnt work that way anymore you just have to get lucky. if you are looking for 2013 I do have extra boxes Oh no, I do not need any. I was just using 2013 as an example. |
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Valued Member
United States
207 Posts |
Quote:
I see advertised on E-bay Cent "Bank Rolls" advertised with all coins in the roll of one specific date and mint. How do these sellers obtain these rolls?
Thanks for any information. Pete, here's a place to start... http://coins.about.com/od/coinbuyin...rom_bank.htm |
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Pillar of the Community
 United States
3330 Posts |
Thanks, everyone - I appreciate the discussion and the help.  Pete |
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Bedrock of the Community
United States
62064 Posts |
The mint has been using pallet bins instead of bags. This started in early 2000's. When you watch a mint video, you can see how they fill these bins. They are shipped to contracted places that roll the coins. It is my understanding that they are told to return error coins to the mint or no longer be used. (?) I just heard it.
I don't think banks roll the OBW. They come from the contracted suppliers that way.
One way to tell if you are getting a box of OBW rolls that are free of mixed coins is to look at the bottom of the box. The all BU coins, show no circulated examples looking through the holes in the bottom of the box. Best to buy them when you can find them and spot check later. If they aren't, search them and return them. After checking a few rolls you might be able to tell what you have.
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Pillar of the Community
United States
2757 Posts |
I can get them from my bank.
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New Member
United States
21 Posts |
I have a question. How common is it to get box of cents and they all end up being 2013 D one cent shield? I'm just curious I thought I had gotten a nice find. If this is more common then I'm not as lucky as I once thought.
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Valued Member
United States
121 Posts |
This is what makes this hobby so,so fantastic and fun! Receiving bank rolls at cost(face value)while having fun and the thrill of hopefully finding/capturing a beautiful treasure.Maybe,an 55 d.d.(cent) or an wheatie,35%silver War nickle,a merc.(silver),in the halves family,one can snatch a silver Kennedy (40% or 90%)or even an Franklin! All at the cost of the bank roll.You can't beat that!Keep on hunting! -joey
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Pillar of the Community
United States
2624 Posts |
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After checking a few rolls you might be able to tell what you have. When I get a "New" box I check the rolls with reverse showing on both ends.If I find nothing special in these rolls the rest go on ebay. |
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Replies: 15 / Views: 1,078 |
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Posted 05/23/2013 8:08 pm
