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 Replies: 15 / Views: 1,234 |
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New Member
United States
30 Posts |
In the roll hunting discussions on the forum, I see people talking about getting a box. What is a box exactly? I guess I need to learn more about how a bank keeps and stores coins.
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Valued Member
United States
60 Posts |
One box equals:
- $25.00 in pennies (50 rolls)
- $100.00 in nickels (50 rolls)
- $250.00 in dimes (50 rolls)
- $500.00 in quarters (50 rolls)
- $500.00 in half dollars (50 rolls) Note: Rolled in $10 increments because of the weight - jbakic
- $1,250.00 in dollars (50 rolls)
Correct me if I'm wrong. I'm still learning too. Edited by chill
01/29/2008 4:54 pm
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Bedrock of the Community
United States
20753 Posts |
I suggest you don't get caught up in the box buying freenzy. Mostly those are rolls of coins turned in by people like roll searchers, opened, returned to a bank, run through a counting machine, through a coin rolling machine, and presto, a box of excessively looked through. Ask at a bank if they have BAGS of coins. Some have sat in a bank's vault for many, many years.
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New Member
 United States
30 Posts |
So what's a bag? And why can't a bag be new to a vault?
Edited by Copper Feather
01/29/2008 4:00 pm
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Valued Member
United States
251 Posts |
A box of halves is $500. The rolls are only $10 each because of the weight.
Edited by jbakic
01/29/2008 4:01 pm
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Valued Member
United States
60 Posts |
quote:
A box of halves is $500. The rolls are only $10 each because of the weight.
Ah, thank you. |
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Valued Member
United States
251 Posts |
Back in the day (well before my time  ) banks used to ship and receive coins in heavy canvas bags. Some banks still have those around in their vaults. In my limited experience, the bags I have found at local banks tend to be those coming off of the coin counters. If you ask the right way, and your bank is a good one, sometimes they will allow you to buy those bags off the counter either right before they ship them off to the carrier or for whatever the machine says is in it. I have had the best luck finding silver (and wheats, etc) in these bags. Of course, there is a good chance if you go to the wrong bank, you could get a bag full of someones dumps (coins already gone through)  But...there is also the chance that grandma's coin jar was deposited just before you get it, so..give it a shot! I have not found a bank yet here in WI that had the old style bags available, but I did have one give me an empty one to carry off my coin counter booty!  I now keep my wheaties in it. |
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New Member
United States
30 Posts |
I wish I knew some people that worked at local banks. It would be cool to have someone to truly help you out.
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New Member
United States
30 Posts |
Is there some sort of cointainer that the rolls actually come in? Or is it just 50 rolls of pennies for example?
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Valued Member
United States
251 Posts |
They come to the bank in cardboard boxes.
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Valued Member
United States
259 Posts |
I live in a city which is very desireable for retirees. If I could find the right bank, I might be able to have some interesting finds!Hmmmm. I am interested in boxs, bags- anything that I can look thru. Real fun!
John
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Valued Member
United States
174 Posts |
I found that at my bank they will give me the canvas bags but they won't let me take the cardboard boxes with the coins in it that I just bought--they act like they are antique boxes or something! I take my grandson's stroller with me to carry them in after purchasing--those things are heavy!! And it doesn't attract attention.
Gussyboy1
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Valued Member
United States
259 Posts |
That is a good idea, Gussyboy. I am looking for the best possbile way to get large amounts of coins, without causing a stir at my bank. I do have a new contact at the bank, that I am thinking of using to explore possibilites, though!
John
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Pillar of the Community
United States
543 Posts |
i shall start getting boes at the bank sometime this week
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Pillar of the Community
United States
543 Posts |
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Bedrock of the Community
United States
20753 Posts |
I've found if you find a bank that has been there for a long, long time they may have bags of coins tucked away in their main vault in a corner somewhere. At one bank I used to go to it was at one time a savings and loan, then a individual bank, then bought by a conglomerate. I used to buy bags of cents and nickels. I was able to complete several sets of Jefferson nickels with each bag. The first bag of cents produced even Indian Head cents. The canvas bags looked like something from a horror movie. Unfortunately I waited to long and that bank was sold and then dissolved. The main problem is when you ask for a bag, don't ask a little, fragile girl teller. She knows full well how much those weigh and would probably tell you there is no such thing or something. Don't ask during very busy times either. The best thing is to ask around to see if anyone knows anyone that works in a bank. Nothing like an inside job. |
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Replies: 15 / Views: 1,234 |
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Posted 01/29/2008 3:49 pm
