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Replies: 10 / Views: 2,187 |
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Valued Member
United States
492 Posts |
Greetings. I mostly post in the errors sections but I have a question. The mint sells huge bulk coin bags etc to established businesses that sell coins. I would like to petition the mint to sell annually a smaller amount of bulk coins to registered collectors. Maybe limited to a few bags or roll boxes, especially of proof and unc sets that only come to us little guys in cardboard displays. This allows us to search the coins for errors and gives us a bit of a better chance to find erros that you cannot see in the standard cardboard displays. You can buy lots of those displays but a real pain to remove the coins for close examination. Is this of interest to any other collectors. Rich
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Pillar of the Community
United States
6130 Posts |
Not sure I'm following... are you looking to buy Ballistic Bags of circulation coins (several hundred or thousand dollars), or rolls and bags of NIFC, like proofs? I haven't shopped the mint's website in a good while, but I believe both used to be options previously. If they aren't offered anymore, it probably wasn't worthwhile for the mint to do it anymore.
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Rest in Peace
10197 Posts |
Yes, let's contact the Mint and see if they will cater to "the little guy". I can just imagine their response: Quote: "We put the best coins aside for any collector and protect them in security reinforced mylar containers so you are assured the very best in quality. We appreciate your suggestion and have passed them up to our higher authority, Congress. If we can assist you further please contact us at 1-880-UB1-LOSER."
Sincerely,
US Mint
 All seriousness aside, there are many products for sale, rolls, boxed but all is mostly current stuff. If you are thinking bags of circulated stuff, that ain't the Mint, it is privately contracted through the Federal Reserve Banking system. Those are businesses, volume and bucks count, you the little guy, dont. Just the way it is.
Edited by Crazyb0 06/03/2018 4:55 pm
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Pillar of the Community
United States
4409 Posts |
On the US Mint website you can purchase bags and rolls of coins for the quarter, half dollar and dollar denominations. Due to the Mint's improved technological capabilities, I believe it would be highly unlikely that these sources would yield errors such as off centers or clipped planchets. DDO's and DDR's are possible
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Pillar of the Community
 Canada
9864 Posts |
Quote: ...the Mint's improved technological capabilities....
...ballistic bags of circulation coins.....
Numismatic advances never cease. How do they launch these? Sounds like a really cost effective way to deliver coins. Do the banks need special equipment to catch the bags? The RCM churns out a lot of NCLT giftware, maybe they could learn something from our southern neighbors about delivering coins, Ballistic Bags sound a lot more exciting than drone delivery as a marketing gimmick..
"Dipping" is not considered cleaning... -from PCGS website
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Bedrock of the Community
United States
20753 Posts |
Not sure what you'ld get in a bulk package from the Mint. Possibly just a pile of coins from banks.
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Valued Member
 United States
492 Posts |
Well let's say you wanted to buy 1000 unc quarters, maybe take the chance of some DDO or DDR. Seems you should be allowed to do that a couple of times a year. Or maybe 100 proof coins for gifts. Just can't get em now. I would buy them. Thanks for the comments though. Rich
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Pillar of the Community
United States
4409 Posts |
DBM,
I think it was around 2002 that the US Mint first employed screens and/or scanners to catch major errors such as clips, off centers, multi-struck and the like. I don't recall reading about or seeing these types of errors coming to light after this change was made.
radatat,
Implementing such a program would be a major headache and logistical nightmare for the Mint.
They tried this with boxes of circulating dollar coins around 2007, a person could order a box for face value the mint picked up the tab for shipping. Some people ordered a bunch of boxes to get the credit card rewards and then took them to the bank and deposited them. The banks and Fed were forced to deal with massive quantities of unwanted coins.
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Moderator
 Australia
16826 Posts |
There are two flaws with the idea, that I can see.
One, the coins struck for circulation don't belong to the Mint - they belong to Treasury, who distributes them via the Federal Reserve. To sell them to you, the mint would have to "buy back" some of the coins it just sold. It would also mess up their distribution system. Those coins were minted because they were needed and the Federal Reserve knows where they were needed. You've admitted you don't really want to keep all those coins, you just want to search through them, maybe pick out a few you want to keep, and dump the rest into circulation, presumably at your local bank. The place where you dump those coins is presumably not the same place the Federal Reserve would have sent those coins, so you would be creating extra work in re-shipping those coins you didn't want from where you dumped them back out to where they actually belonged.
Two, you are asking for this privilege purely to hunt for errors. As far as the Mint is concerned, error collectors should not exist, errors should not exist, it is their job to make sure as few errors as possible are created and released into circulation. From their point of view, knowledge of the existence of errors should be suppressed as much as possible, because public knowledge of errors makes their product look bad. They are certainly not going to be interested in starting a program where people are encouraged to deliberately seek out and obtain such errors.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Valued Member
 United States
492 Posts |
ok thanks to all. I just keep seeing posts here about someone finding a bunch of rolls of unc coins and finding good ones for we collectors. I guess that the mint is past errors now so I will desist in my query. Smile.
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Valued Member
United States
420 Posts |
Quote: ...I just keep seeing posts here about someone finding a bunch of rolls of unc coins and finding good ones for we collectors... radatat, I will share with you and you alone (anyone else reading this STOP READING IMMEDIATELY AND CLOSE THIS WINDOW!!) the how and where of my "secret source" for rolls of current-year business strike cents and possibly other denominations as well: Make friends with the nice folks behind service desks at large volume grocery stores, which doesn't include places such as Wally-World.. They don't have 'em all the time, so it's hit-or-miss.. When they do have 'em I never push it, generally trying for 4 - 6 rolls at a time (I only do cents; larger denominations I'd only try for one roll a shot..) I do much better March - June than the 2nd half of a year, although I've gotten 'em year 'round.. I've gotten rolls from both Phila and Denver.. I've at times gotten unc rolls from the previous year too.. So anyhoww, shhhh -- keep this on the down-low, 'k.. As an added note I have gotten closed-style boxes (the type where you can't see roll ends) of cents from banks and some of the rolls were current-year unc.. Just goes to show ya never can tell for sure what the carriers will load into their boxes when necessary, I done guess.. Swamp
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Replies: 10 / Views: 2,187 |
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