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Bags Or Rolls, Which Has A Better Chance To Find Errors?

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Author Previous TopicReplies: 11 / Views: 946Next Topic  
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Sleaklight's Avatar
United States
827 Posts
 Posted 11/27/2007  10:25 pm Show Profile   Bookmark this topic Add Sleaklight to your friends list Get a Link to this Message Number of Subscribers
Which method of obtaining coins from the mint has the greater chance of obtaining errors. Bags or rolls? Is there a specific reason for one being better to find errors in?
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Bryan1315's Avatar
United States
14454 Posts
 Posted 11/27/2007  10:32 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
I would say chances are better in bags and only because you would get more coins in the bag.
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Sleaklight's Avatar
United States
827 Posts
 Posted 11/27/2007  11:05 pm  Show Profile   Bookmark this reply Add Sleaklight to your friends list Get a Link to this Reply
well, what about getting the same amount of coins in rolls? Is there more attention paid when rolling the coins versus the coins getting dropped into the bags?
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Firecom911's Avatar
United States
161 Posts
 Posted 11/27/2007  11:15 pm  Show Profile   Bookmark this reply Add Firecom911 to your friends list Get a Link to this Reply

I agree...bags. But for a different reason.

In bags you have a chance of finding errors which would foul a coin counter or roller and be removed, such as die caps, significant off-centers, multi-strikes, etc.

Also, chances are that in a bag of coins, say, a $50.00 bag of cents, all the coins in that bag will be from the same bin (same coining machines). If an error occurs, there's likely to be multiples of that error in the bag.

Steve


Steve
Edited by Firecom911
11/27/2007 11:24 pm
Pillar of the Community
United States
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 Posted 11/27/2007  11:16 pm  Show Profile   Bookmark this reply Add Jim1953 to your friends list Get a Link to this Reply
My guess is that in a bag you would have a chance at finding distorted coins like broad strikes that would not pass threw a coin rolling machine. I would not expect the inspection process to really be any different. By this time, no one is looking at them, they are just being moved out for distribution.
Jim
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foundinrolls's Avatar
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3507 Posts
 Posted 11/27/2007  11:23 pm  Show Profile   Bookmark this reply Add foundinrolls to your friends list Get a Link to this Reply
Neither. The Mint no longer bags coins the way they used to so a bag of coins struck for circulation does not exist anymore outside of the special bags of any coins they might be selling in Mint Gift shops.

The coins are shipped in huge bags that are filled by weight to places like Brinks where the coins are counted and rolled.

So..today , the only thing you can get that contains regular mintage coins dated in the current year are the rolls that come from companies like Brinks or N F String and Sons.

You can find bags that have been laying around for years but they are usually in dealers stock and not available from the Mint or from banks.

Anything found at banks that would be in bags would be coins rolled or loose that had been brought in by customers to be traded for cash.

It therefore makes little difference what form they are found in, Rolled or bagged since the bags are filled with the same as the rolled coins with the coins removed from their wrappers.
Edited by foundinrolls
11/28/2007 10:22 pm
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Firecom911's Avatar
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 Posted 11/27/2007  11:32 pm  Show Profile   Bookmark this reply Add Firecom911 to your friends list Get a Link to this Reply

Thanks, Bill! Didn't know that!

Alas! No more "mint sealed bags"! Another historical aspect of Numismatics becomes memory!

Hmmm...I wonder if those "US MINT" canvas bags will become collectors items!
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foundinrolls's Avatar
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3507 Posts
 Posted 11/27/2007  11:42 pm  Show Profile   Bookmark this reply Add foundinrolls to your friends list Get a Link to this Reply
Actually, The US MINT bags are becoming collectible:-) I can't tell you about values on them but there is a market developing:-)
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chrsb's Avatar
United States
936 Posts
 Posted 11/28/2007  07:37 am  Show Profile   Bookmark this reply Add chrsb to your friends list Get a Link to this Reply
What about the wrappers on the rolls? Are those becoming more collectible? I have tried searches on rolls and have found nothing on it.
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MorgansRmine's Avatar
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1219 Posts
 Posted 11/28/2007  09:26 am  Show Profile   Bookmark this reply Add MorgansRmine to your friends list Get a Link to this Reply
Thanks Bill, explains why you corrected on another post.
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foundinrolls's Avatar
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3507 Posts
 Posted 11/28/2007  10:24 pm  Show Profile   Bookmark this reply Add foundinrolls to your friends list Get a Link to this Reply
I don't know about the wrappers but I did keep some from the first Sacagawea dollars that came out:-)
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coop's Avatar
United States
62064 Posts
 Posted 11/29/2007  8:54 pm  Show Profile   Bookmark this reply Add coop to your friends list Get a Link to this Reply
On the bags of older coins that are still sealed, the chances of find the coins from the same dies over and over. Usually rolls have the same number as the batch they came from. So the bag could be a two edge sword. They could have several of the same variety or....... All coins will nothing as regards varieties. I've gotten a couple of bags that way. 1964 & 1964-D. Nothing of note in either bag. I found one double clipped cent once, but now that I think about it it was in a tubed roll.
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