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 Replies: 14 / Views: 2,790 |
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Valued Member
United States
277 Posts |
I have been coin roll hunting for about 5 years now. Nothing to crazy and for the most part I stick to pennies. I hoard the copper, save the wheats and look for errors I learn about from this site. Through the years so far I stumble across a box or two of completely new pennies. I simply just put them away for a rainy day.
Now when I heard about the 2017 Philly cent will be sporting a "P" I had an APB out on a box to put away. My dad struck first in FL with 2 in his change. Yesterday my mother got a box which for the most part looked new. There were about 15-18 showing new on one side and a momorial on the other. The rest looked new on both ends. I opened 5 or 6 and the roll had about 40 2017P and the rest were zinc and coppers. Some were looking brand new from 2016. I even got a few wheats.
My question is how did these come to be mixed with the others? I guess I'm not sure of the process of the bank boxes. If I had to guess I would say the box is 95% new.
One more question. The majority of the 17s have a shine like proofs and I came across some that were brand new that looked dull. I even found one that looks like it has a tiny clip on the edge. Can someone explain some of this to me. Thanks in advance, Mevin in CT.
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Moderator
 United States
14463 Posts |
So we can give opinions, can you post an image of this clip you describe?
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Valued Member
 United States
277 Posts |
I just put it in a better light and now it looks as if it may just be damaged. I will try my best at trying to capture it on the correct angle to see. I am still not understanding the process in which these are mixed up with a few scattered years.
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Moderator
United States
14463 Posts |
If the rolls are wrapped by the bank or their supplier (not the mint), they may just roll loose coins and they may be mixed. I get small dollar rolls from my bank, and they are bank wrapped so they may have SBA$, SAC$, and/or Pre$ in whatever mixture of coins they have deposited.
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Valued Member
United States
277 Posts |
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Moderator
United States
14463 Posts |
nice pictures  |
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Valued Member
United States
277 Posts |
They are 50 cent rolls from Loomis. I think I am not understanding the process of how these brand new 2017 pennies are processed through a supplier. I does a supplier get them, being brand new?
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Rest in Peace
United States
18456 Posts |
Maybe they didn't get enough of the 2017-P cents so they had to mix older ones into their rolls to fill their orders. It's a hit or miss with these suppliers , you never know what your going to find in one of their rolls until you open them . Heck look how many IHC's are found this way .  |
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Pillar of the Community
United States
4809 Posts |
It's quite normal yanks. Some members here have gone through seemingly solid, newly minted cents (nickels, whatever) and found a handful of earlier dates. Some even found decent coins among the handful. You just don't know. As noted, it all goes into the hopper and outcomes the mystery rolls. Glad you found some collectables in your mix.
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Valued Member
United States
186 Posts |
Agree with Rackster --- you just don't what you have until you open them. Probably some armor truck companies like to mix the old with new and some don't care what goes in the rolls. It's the luck of the roll.
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Pillar of the Community
United States
1000 Posts |
I'll agree with what everyone else has said about coins being mixed from the supplier. Maybe the rolls you received were near the end or beginning of a batch of new 2017Ps, allowing them to mix with some circulated coins. Since no one has said anything about your clip yet, I'll toss my Two Cents in: I think that's damage. Notice how the reverse fields under the shield is slightly elevated? It would be flat in the case of a clip. A clip would also go through the entire planchet, and not just affect one side of the rim. I'd guess the coin was banged there. |
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Valued Member
United States
277 Posts |
Thanks so much for the info everyone. I'm glad I asked. I guess I was just used to the brand new ones I have stashed away being all brand new. I'm still going to put the rest of these on the shelf for now and start the next box. This is a fun hobby. Druu, thanks for the info about the damage.
I can try and post a better pic to explain but can anyone tell me how most of the '17s have a real shine and a few others have a more dull finish?
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Bedrock of the Community
United States
10284 Posts |
Yanks, you'll want to practice the proper way to hold of a coin.  |
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Pillar of the Community
United States
2913 Posts |
If a supplier runs low on coins, they will get a large quantity of mint sewn bags of 5000 new ones shipped from the nearest mint.
As for the rolls you've received (a mixture of new coins and older ones), they're a result of the suppliers dumping in these new bags of coins into hoppers that still have some coins left in them. When the hopper completely runs out of coins and they dump new mint bags in, that's how you get the completely "new" rolls of coins.
CRH Nickeloholic. 1,600,000 nickels searched in eight years! Have found FOUR complete Jefferson sets!
Edited by John77
04/04/2017 12:18 am
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Valued Member
United States
52 Posts |
They are not sewn bags of 5000, they are super sack bags of 400,000. I've seen them for sale prior to going to the wrapper. Kind of nuts.
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Replies: 14 / Views: 2,790 |
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Posted 04/01/2017 05:24 am
