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Replies: 11 / Views: 946 |
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Pillar of the Community
United States
827 Posts |
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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Bedrock of the Community
United States
14454 Posts |
I would say chances are better in bags and only because you would get more coins in the bag.
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Pillar of the Community
 United States
827 Posts |
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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Valued Member
United States
161 Posts |
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
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Pillar of the Community
United States
2600 Posts |
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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Pillar of the Community
United States
3507 Posts |
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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Valued Member
United States
161 Posts |
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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Pillar of the Community
United States
3507 Posts |
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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Pillar of the Community
United States
936 Posts |
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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Pillar of the Community
United States
1219 Posts |
Thanks Bill, explains why you corrected on another post.
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Pillar of the Community
United States
3507 Posts |
I don't know about the wrappers but I did keep some from the first Sacagawea dollars that came out:-)
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Bedrock of the Community
United States
62064 Posts |
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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Replies: 11 / Views: 946 |
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