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Collecting Circulating Coins

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zeeple's Avatar
United States
49 Posts
 Posted 09/21/2007  3:22 pm Show Profile   Bookmark this topic Add zeeple to your friends list Get a Link to this Message Number of Subscribers
So I am getting back into it after many years and I am going to start by getting the common circulating coins. For me, getting a 1982 D penny in change is still a thrill! So my question is this:

How to get large amounts of coins at once? I could ask for a roll of pennies at the bank, but what it to prevent the roll from being all 2007 D pennies?

Do members have any good strategies?
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Bilbo's Avatar
United States
812 Posts
 Posted 09/21/2007  3:27 pm  Show Profile   Bookmark this reply Add Bilbo to your friends list Get a Link to this Reply
I think rolls from the bank is a good strategy. While I don't get rolls very often, I've never received a solid date roll.
Edited by Bilbo
09/27/2007 11:55 am
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Bryan1315's Avatar
United States
14454 Posts
 Posted 09/21/2007  3:28 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
there is absolutely nothing stopping it from being a roll of 2007 coins but that is the cheapest way to get the rolls because you aren't paying anything but face value for the coins and don't have to pay any shipping like you would if you ordered from a company. There are many people here that do just what you said and go to their banks and buy rolls of coins and search through them looking for silver coinage and copper cents and anything that has value to them, just remember you will have to search through allot of rolls to find enough coins to really have enough to make any money off of but if you do it just for the thrill of the hunt then buying a silver coin for face value is always exciting
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coop's Avatar
United States
62064 Posts
 Posted 09/21/2007  3:51 pm  Show Profile   Bookmark this reply Add coop to your friends list Get a Link to this Reply
$25 dollar boxes will keep you busy. I find the ones I get in Phoenix are pretty well searched. But if I get one from out of town, (smaller the better) I find more stuff there. Sometimes hand wrapped rolls are nice. I found a bunch that were mainly Philly coins in a Denver almost always area. So someone must have moved here from that area and cashed in their rolls. But rolls of 2007-D, I haven't found those at all in the Phoenix area. A few now and then in a roll/change. But I would welcome a new roll as I would be the first one to search them. Maybe you cash in big like Murphy. (Robert Tingle) Get a box of doubled dies and worry about having to sell them all for a lot more than you paid for them. Check out coin shows to see if there are any BU rolls still available in your area. They are always nicer than circulated coins and if you find something in them it could be worth a lot more than a circulated coin.
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arthrene's Avatar
United States
1713 Posts
 Posted 09/21/2007  4:54 pm  Show Profile   Bookmark this reply Add arthrene to your friends list Get a Link to this Reply
I go by boxes and have ended up with boxes of straight 2007 coins. I just ask them when I go for a circulated box. The boxes have holes in them so they make sure all the rolls are in the box. For pennies it's easy to tell if a box is new or not. All of them will be bright and shiny. If they are federal rolls you can see the coins on either end and also find out if they are circulated (most of the time). If they have been bank rolled there's probably a pretty good chance that they are circulated too.
Bedrock of the Community
United States
20753 Posts
 Posted 09/21/2007  5:03 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
If there are any wishing wells around your area, wait until everyone leaves and jump in and take all the coins you want free. If you are in a large city area, take a cup, fill with pencils, stand on a corner and wait for coins to be dumped into the cup. Find those coin changing machines that take bills and give you change. Just make sure you have lots and lots of bills. Follow Brinks trucks and hope they drop a bag of coins. Ask everyone you know if they have any coins and you will pay them for them, maybe. Bartenders, waitresses, cashiers, etc all have great access to coins so just start asking.
I've found that many banks have $50 bags of cents (pennies) and if you are nice to them they will go to the vault and get you one. The nice thing about those bags is that they may have sat in that vault for years. Worth a try. It works around here. I get them from one bank, go throught the coins, take them back to a different bank.
If you know anyone that owns a laudromat or just works in one, ask if you could look through their change. I used to know a guy that owned 5 of them and he would get every possible type of coin ever made on Earth in his machines.
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zeeple's Avatar
United States
49 Posts
 Posted 09/21/2007  8:25 pm  Show Profile   Bookmark this reply Add zeeple to your friends list Get a Link to this Reply
Wow, that is quite a lot of good suggestions. So what exactly is a $25 box? Do you go to the bank and say, I'd like a 25 dollar box please? Can you get that in any coin denomination? Also, is this a common request in banks? I have never heard of it before (at least not to my recollection).

Just Carl: You have some real dingers in there. I play on a dart league so I might be able to smoozy the waitress of the home bar into saving nice coins for me. And the $50 dollar bag of cents is a good idea!!
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Peter THOMAS's Avatar
Australia
2830 Posts
 Posted 09/21/2007  9:24 pm  Show Profile   Bookmark this reply Add Peter THOMAS to your friends list Get a Link to this Reply
G'day from Oz,
I recently returned to collecting, afrer a long absence. Building your collection from circulation is the cheapest way to go: no postage, shipping, freight, insurance, etc.
As I see it, some coins that I might have taken out of circulation 20 years ago, will now cost me a lot. So, if I hang on to today's coins, I'll be in front 20 years from now.
Secondly, although one occasionally gets a really shiny new coin, most coins taken from circulation are ... well ... they're circulated. I have a system: I put anything interesting to one side. When I get a stack, I sort them, together with those I have previously saved, and only keep the best examples. I try to keep no more than six of each type: a couple for my collection; the rest are for swapping later. Then I spend the surplus. So my hobby isn't a financial burden.
Now, I know other collectors have some good techniques. The best is to cultivate people who have access to lots of cash. In oz, many clubs have coin-operated gaming machines. The clubs keep large amounts of coins on hand. I know some people, who a re friendly with the manager, go through several thousand dollar coins, twice a week. They buy what they want, at face value. That's quick way to find the good ones ... AND no outlay.
It can, however, be interesting to try and persuade family that you are spending several hours each week in gaming establishments, for a purpose other than gaming. They'll assume that you're there for an assignation. No-one understands or believes how far we numismatists will go for our hobby ...
The other trick is to cultivate people in a bank. They're good for getting rolls or bags of new stuff.
And remember: always look at your change; AND, if it doesn't seem rude, look at other people's change. My friends accept my eccentricuty, and if swapping a coin for another of the same value makes me happy, they generally see that as a very cheap gift to me, and they feel good too. I always offer the courtesy of an explanation of why I like one of their coins.
Some say that these techniques are just a matter of luck. The funny thing is: the harder I look, the luckier I get.
Peter in Oz

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chrsb's Avatar
United States
936 Posts
 Posted 09/21/2007  9:52 pm  Show Profile   Bookmark this reply Add chrsb to your friends list Get a Link to this Reply
Do a lot of banks carry mint sewn bags?
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arthrene's Avatar
United States
1713 Posts
 Posted 09/21/2007  10:05 pm  Show Profile   Bookmark this reply Add arthrene to your friends list Get a Link to this Reply
Zeeple,
The $25 box is just pennies. You could ask for $25 in another denomination but it wouldn't come in a box. Nickels come in boxes of $100, dimes in $250 and quarters and half dollars in boxes of $500. Whether or not it's common at a bank probably depends on if other people are doing what you are. When I first asked for coin boxes at the bank the teller looked at me and said "What?" in a very confused manner. I've gone back to the same bank at other times and had a different teller and they said "I don't think we do that." I had to explain that I've done it here before. I get lots of funny looks, especially on the half dollars.
Valued Member
Fatcat161's Avatar
United States
277 Posts
 Posted 09/21/2007  10:57 pm  Show Profile   Bookmark this reply Add Fatcat161 to your friends list Get a Link to this Reply
how long does it take you to search a box of pennies? My eyes aren't that good any more!

Fatcat
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arthrene's Avatar
United States
1713 Posts
 Posted 09/22/2007  12:30 pm  Show Profile   Bookmark this reply Add arthrene to your friends list Get a Link to this Reply
Depends on how closely you look through them. I can go through on in a few hours. I sort by year then take the best ones out for my album. I also pull out wheaties, foreign stuff and anything that looks odd. Other people take the time to examine everything...I don't have that kind of patience...I've probably let a lot of little errors slip through my hands.
New Member
pordy's Avatar
United States
18 Posts
 Posted 09/27/2007  12:30 am  Show Profile   Bookmark this reply Add pordy to your friends list Get a Link to this Reply
Wow I really have come to the right place. I thought I was the only one who went to the bank and asked for rolls of coins just to search through them! I've never received anything but circulated coins unless I asked for new ( Statehood Quarters).
Bedrock of the Community
United States
20753 Posts
 Posted 09/27/2007  11:03 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Not being in any hurry, when I get a $50 bag of cents, I just dump them out on a table, take my time going through them one at a time. What's the hurry. I've gone through such bags in a few days to many weeks. Just no hurry. I keep a copy of Looking Through Lincoln Cents handy for any wierd looking ones. If practically new, in one pile. Wheat cents in another. I just take my time. There is always tomorrow, I hope.
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cladking's Avatar
United States
2271 Posts
 Posted 09/27/2007  11:19 am  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply
"Do a lot of banks carry mint sewn bags?"

Mint sewn bags have been obsolete since 2000 except for the small bags the mint sells to the public. All coins are now shipped from the mint in "balistic bags" which are huge nylon bags which hold an entire pallet of coins.

Most of these get mixed in with circulated coins at the counting houses so solid date rolls can be difficult to find sometimes.
Time don't fly, it bounds and leaps.
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zeeple's Avatar
United States
49 Posts
 Posted 09/27/2007  12:21 pm  Show Profile   Bookmark this reply Add zeeple to your friends list Get a Link to this Reply
I recently asked at my local branch about coin boxes and they said that they do not order coins except for quarters, so any rolls of pennies nickels or dimes they have are from customers. Then I asked (because I was making a small withdraw, if he had any interesting coins in his drawer. He said, "Oh no. If we get interesting coins we buy them immediately and take them home."

Double whammy. I was bummed.
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