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 Replies: 34 / Views: 8,315 |
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Pillar of the Community
United States
729 Posts |
What are the chances or have any of you found any steel pennies while searching rolls from boxes. I have not found one yet well actually I found one in a reject slot of a counter but it was beat up. Just thinking about maybe buying some to complete a set. Any thoughts?
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Pillar of the Community
United States
1391 Posts |
I found 1 steel cent while I was searching boxes. It was very corroded and had obviously been in circulation for quite some time. I found more Canadian cents than steel cents.
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Pillar of the Community
 United States
729 Posts |
Yeah I have searched 11 boxes this year and found 29 Canadian cents.
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Pillar of the Community
United States
1187 Posts |
Wow only 29 Canadians in 11 boxes? In just 2 boxes I'd say I've gotten 30 or so (2 king george from the early 50's)!
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Valued Member
United States
381 Posts |
Your very lucky to even find a steel penny, but chances are it's extremely corroded and probably been in circulation for a while.
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Pillar of the Community
United States
729 Posts |
Yes one of them was a my first King George penny. Maybe it depends on the area one is in. I am in Northern Utah. 82 Wheaties in 11 boxes though. Not sure what the average of finding wheats is but I have started to keep tabs on what I find.
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Pillar of the Community
United States
4809 Posts |
I haven't found a steel penny CRH in around 35 years. It may be due to modern systems detecting steel and kicking it aside.
Last 2 boxes: 40+ LWCs which is on the high side of things and around 30 Canadian. I'm in Connecticut so getting Canadian money (coins) is not all that uncommon. I probably average 15 LWCs and 12 Canadian a box if that helps any.
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Pillar of the Community
United States
1192 Posts |
I doubt you could find one unless it's a customer roll. Too many coin sorters kick out magnetic coins. It wouldn't even get pass my banks machine.
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Pillar of the Community
United States
716 Posts |
I have searched hundreds of boxes (540 boxes), and found 1 steel penny from a box. However I found over 100 from coin counting machine's magnet.
Edited by Yinzi50
01/28/2015 11:15 am
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Valued Member
United States
330 Posts |
I have found 4 of them, but they are very corroded and come few and far between.
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Moderator
 United States
56855 Posts |
Edited by John1
01/28/2015 10:03 am
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Pillar of the Community
Canada
1747 Posts |
I have found about 5, up here in Canada over the past year or so, and they were all in CWR
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Valued Member
United States
300 Posts |
I searched a couple hundred boxes of cents over the years and I never found one.
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Pillar of the Community
United States
622 Posts |
As indicated in your original post, most coin counters/rollers will reject magnetic coins. That said, it's possible for steel pennies to slip through. Your chances are very low if they are rolled by the main couriers. So I'd avoid the national banks if you want to find a steel penny. Try to find a bank or credit union that roll their own coin.
In my area, we have a regional bank that rolls their own coin. I noticed the boxes, wrappers, and coins were unique when I picked up my first box from this bank. The boxes said "Brinks" but were unique compared to any other box I've seen locally or in pictures. The paper wrappers have no writing at all. They are just white with different colored ends to indicate denomination. Over time, I found out they roll their own coin at one of the main banks. They use Brinks to transport. I've found numerous magnetic items in these rolls including a steel penny.
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Pillar of the Community
United States
6130 Posts |
Any steel cent found in a machine-processed box I would chalk up to a counter malfunction. Steelies are the only magnetic coin the US has ever produced for circulation, so all (industrial-grade) coin counters are fitted with magnets to pull foreign magnetic coins.
I wonder how many steel cents actually would be in circulation if they weren't pulled by the counters, however. The mintage was rather large, but most people were hoarding these long before the 1940-58 cents were hoarded. My great-grandfather was a small town cop who was assigned to parking meter duty when he was close to retirement in the 50s and 60s. He decided to try to put together a cent collection from the change in the machines (switching them out with his own coins) and to him, steelies were special enough that he saved hundreds. I am sure that plenty of others were in the same boat.
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Pillar of the Community
United States
5206 Posts |
I've found 5 so far. 2 were in the same box.
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Replies: 34 / Views: 8,315 |
Posted 01/27/2015 11:01 pm
