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 Replies: 19 / Views: 17,275 |
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Valued Member
United States
190 Posts |
If you go on ebay, you will find millions of US Lincoln Wheat cent rolls for sale. Some are probably fake, but others seem to be the real deal. You can find old rolls with a Gem BU 1940's penny on one side and an old high grade Indian Head cent on the other side. These rolls appear to have been rolled in the 1940's. What I do not see are old rolls of Canada pennies. What I have been trying to find are Canada penny bank rolls that were put together in the 1940's or very early 1950's at the bank and not by a dealer or a collector. Something that would have a Gem BU 1940's coin on one side, and maybe an XF 1929 on the other side. Perhaps a 1925 hidden inside or a rare variety in Gem BU Red. However, these types of rolls are not for sale on ebay. You can buy solid date rolls or rolls that have already been searched, but nothing unsearched from this time. There are some modern day rolls available in boxes of 50 rolls that are unsearched, but nothing from the early days. Even though there has been fewer Canada pennies minted, there should still be many old unsearched rolls available. If these rolls do not exist, then please explain the history of what happened. Here is my questions: Are these rolls sold someplace other than ebay, but do exist? If yes, where? Why are most rolls solid one date and not mixed even in circulated condition? Did banks put coins in rolls according to date at banks in Canada? Did banks in Canada roll pennies or were loose coins not accepted back at the bank? Many large banks in the US have the habit of mixing new pennies from a Mint bag with circulated pennies coming from businesses, and then re-rolling them. Do Canada banks do the same thing or not? Where are all the unsearched Canada penny bank rolls from the 1940's and 1950's? |
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Pillar of the Community
Canada
1747 Posts |
Passasap, you have lots of different things going on in your post. first off, everyone on here will agree those "Unsearched" rolls with a Mercury dime on one end and an Indian Head cent on the other are all manufactured. if you go onto Amazon, you can buy the crimping tool for about $5. Trust me I bought one, and regret it till this day. most of the rolls you see for sale are all one date because a collector put them together, this is still common today. I think what you are looking for are just a roll of pennies that perhaps was magically sitting in the back corner of the bank vault from 1940, maybe it fell behind the bag of 1948 silver dollars and has not seen the light since. but I digress. I think this does not exist because of the ARP, banks were told since 2001 (I think) to send back all their old coins. These were sifted and the older non magnetic coins were (and are still) being removed, then the newer steel plated coins are re-circulated. |
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Pillar of the Community
Canada
514 Posts |
the only way to find vintage rolls of pennies in an ARP world, is if a collector has been sitting on them;
With the assumption that they are all being held by a collector, odds are infinitesimal that they have not already been searched.
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Rest in Peace
10197 Posts |
I do other on-line auctions (other than eww-boy). Yes most older rolls are put together either by amateur or pro collectors who have scoured them for goodies (US or Canadian, 1 or 5 cent). I have found that auctions involving personal estates MAY have what I call "floaters", small handfuls or small baggies of odd # cents(like 212 Wheat cents). Sometimes, again, sometimes it's what grandma had in her jewelry box, etc. This is not very often tho and usually not very profitable, think I found a 1911S and 1931D in one batch. I used to buy bulk wheat cents when first really getting into collecting, again. VERY seldom are the selections "unsearched". They add "by us" to market it but you can bet that most of these have been handled by two or more searchers previously. Most often these are dealer "junk barrel" cents with a 85%/15% mix of common40's/50's P+D's and 30's plus a handful of worn, common teen/20's for that 15%. I've fully documented this for my first 27,000!  Only once did I get a good batch, 53% pre-1940, 09vdb's as well. Seller wasn't a coin dealer, just bought from customers at his other hobby's sales venues. Was a bit pricier, so decided to jump big...yeah, oh-oh, you know what happened! Received 2,068 pennies of 93%/7%...nothing of worth, quite a few Memorials(100 or more?), a lot is slicks too. When and why I stopped w/ bulk!  Edited by Crazyb0
02/01/2017 1:06 pm
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Valued Member
Canada
395 Posts |
I agree with what ace is saying, most of what you're talking about are manufactured rolls for sale. Real original bank rolls only come by date because they would roll them when they got them from the mint, these are your only chance nowadays for truly unsearched pennies other then sealed mint bags. The rolls you would like would be manufactured as well. Not to mention a red BU Canadian cent from the 40s is a fairly costly coin. Unfortunately when you compare almost 2 billion pennies in 1944 for 44 million Canadian pennies its a big difference in available product. With ARP melting them actively you are lucky to get anything.
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Pillar of the Community
Canada
1980 Posts |
i dont think you will find any rolls you are asking about especially with a 1925 in the middle,...i do have a number of 1979 rolls on ebay that are unsearched and 1979 does have a good amount of varieties to search for other than that I think it is pretty rare to find any from the 50's or back |
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Valued Member
Canada
115 Posts |
If you are really, REALLY lucky, when you ask for pennies at a bank located in a small settlement, chances are that you will get some genuine unsearched rolls from before 1960. Coins in many of the small settlements stay in the bank safes for decades until a coin collector comes by to clear their safes.
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Pillar of the Community
United States
4867 Posts |
I find it odd that there are so many Wheat cent rolls on ebay but very few mixed Canadian cent rolls. |
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Pillar of the Community
Canada
1505 Posts |
It is probably due to cost of shipping, dimensions and weight make shipping in Canada rediculously expensive.
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Pillar of the Community
Canada
1747 Posts |
Also the number of collectors in the USA is not proportional to north of the border. in most figures, people figure 10x if there are 1000 collectors in Canada there would be 10,000 in the USA. (because of the population base is roughly 10x greater than in Canada)
I believe that this ratio does not transfer into the numismatics area, I believe it is more like 1000 : 1 or higher in favor of the USA
Not to mention the sheer # of wheat cents minted compared to that of the penny.
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Pillar of the Community
United States
4867 Posts |
When I used to roll hunt $25 penny boxes from the bank I'd find about 80-90+ Canadian cents in there.
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Pillar of the Community
United States
1101 Posts |
I'm heading through Toronto and them Montreal over July 4th weekend. I can pick up some rolls from a bank if you're interested. Let me know.
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Valued Member
Canada
372 Posts |
With the recovery program from the Mint in Canada,the banks are not allowed to send the pennies back into circulation. They have to send them to the Mint to be melted. Good luck to get them there.
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Pillar of the Community
United States
1101 Posts |
Ah, interesting cdcoinman. Thanks for the information. Heading through there to hike Mt. Washington in NH and I'll see what I can grab along the way.
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Pillar of the Community
Canada
818 Posts |
Up to probably the 1970's, the mint only distributed coins through the major banks, there were maybe 3 in each main city, then the coins made their way to smaller branches and towns. Not many stayed around in bank safes; they got used. The only place there would be any now would be if some old geezer like me got them at a bank back then, and is holding them. I only managed some in the 70's and roll-searched from 1970 to 90ish. Anyone collector who had such rolls has opened them looking for the gems and sells them one at a time on ebay. |
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Valued Member
Canada
83 Posts |
While on the subject of unresearched rolls in Canada, I would be very interested in hearing opinion, especially from geezers, on how fast the ARP train is chugging? That is, among those of you who are (still)roll hunting, have you noticed the "progress" of the removal from circulation of older un-plated or non-magnetic coinage? (pre 2001). For myself, I only recently became fascinated in the non-lint contents of my pockets, so I'm of no use yet. Unless someone needs to know about lint, of course. That said, it is evident to me that all the vac-formed plastic rolls, wherever one finds them, have been sent for processing. So only the paper stuff has any chance of ARP survival. But the percentage of old coins in that paper roll over time of ARP is what is gnawin' at me.
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Replies: 19 / Views: 17,275 |
Posted 02/01/2017 11:22 am
