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 Replies: 21 / Views: 3,102 |
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Pillar of the Community
United States
1667 Posts |
Hi. Been thinking about this a while now. Mint bags of coins aren't that common anymore, but I do see them on ebay. I know a nice off centered coin is going to be too large to find in rolls and the rolking machines I think would likely reject them also. Would those older mint sewn bags ( like the $50 in pennies) be the best way to hunt for one if the bag could be gotten at a reasonable price and you could tell it was original of course? How about those bags the mint sells direct? Any chance for oddities to come out of those? The off center strike coins have always interested me... as far as how the heck do they end up turning up for people to find. I've come down to 2 options, those mint sewn bags, or people working at the armored carriers are pulling them out of the machines as they get rejected. Anyone else have thoughts on this? Edited by Big-Kingdom
07/18/2019 07:47 am
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Moderator
 United States
56855 Posts |
Pre 2001 bags have possibilities. Starting in 2002 the mint heightened their QC. John1  |
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Rest in Peace
United States
18456 Posts |
Your correct in your assumption that mint sewn bags would be better than rolls in finding off centered coins . But finding a genuine bag with all the right markers can be a task .  |
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Pillar of the Community
United States
2376 Posts |
Over the years I have only gone through five or six mint sewn bags.
The dates were from 1959 to 1995. Out of up to 30,000 coins searched I didn't find a single off center. Not to burst your bubble because there were many other worthy scores, just no off centers.
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Bedrock of the Community
United States
94367 Posts |
I've searched 4-5 bags over the years with very little luck, but it's always an intriguing idea.
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Pillar of the Community
 United States
1667 Posts |
Cool enough to find my thoughts and the opinions of yall line up, the mint sewn bags. I know it's going to be a long shot of finding one if I do pull the trigger on buying a bag but at least I can be a bit more confident on what to look for, of course I'l still do my homework on whether it is legit or not before I buy and do my best to not get ripped off, and possibly hold out for a date with decent varieties maybe 1983 for transitional or DDO. maybe San Fran 1970 if that appears.... 1960... there's options I think if they come available, but "knowledge is half the battle" right? Thanks guys! |
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Pillar of the Community
United States
5825 Posts |
Used to be that searching mint-sewn bags was well worth while.
(Key phrase, "Used to be...")
And that meant ALL the way to the bottom in the corners and around the seams.
Some really strange things were found that way.
Probably not worth the effort anymore.
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Bedrock of the Community
United States
74768 Posts |
I'd say yes, since that's how Off Center Strikes are found in the first place.
Errers and Varietys.
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Pillar of the Community
United States
2376 Posts |
BK , I just wanted to add that your guess that some errors come from the people that would run the machines that sort and roll the bags is correct.
Years ago a coin shop that I frequented had bought a collection from the family of a man that had run one of these machines. There was a bag full of off center , nicely cupped die caps , and clips.
All of it was moving along to another dealer so I couldn't purchase anything. My favorite thing there was a cent that had the remnants of a die cap struck around and fused to the new cent.
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Bedrock of the Community
United States
62064 Posts |
But not always a guarantee.
The good thing about mint bags is that if you find a major variety in them, they are a great deal.
The bad thing about mint bags is that if you don't find a find a major variety in them that sucks. Sure you can search the whole bag, but they are usually the examples of the machines running at that time. So basically they will be the same examples of the dies you've probably discovered so far in the bag. But as for errors, they could contain some one of a kind errors. If the bag is not sealed, they are probably been picked through already.
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Pillar of the Community
United States
5887 Posts |
I have seen some mint sewn bags at coin shows, but never thought about picking one up to look for errors. I would think that the possibilities of finding a major error like that would be very difficult though. I will have to consider.
-CH27
Collector of U.S. Coins, Varieties, and Colonial Coinage
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Bedrock of the Community
United States
62064 Posts |
For me it would depend in the year. Some years are real duds. You may pay several times the value you could get back if the coins were not nice. I bought a could of bags years ago and would never buy them again. Thus my comments above.
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Pillar of the Community
United States
4212 Posts |
It's impossible to find an original mint-sewn, around here anyway. Brinks or another vendor
would be the only folks who'd get them, and your not going to get anything from them. That's how they
make their $$, supplying biz with rolled coin. No banks around here have a rolling machine, only
counters.
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Pillar of the Community
United States
2376 Posts |
I would buy a bag again, though just for the fun of it.
My avatar came out of a mint sewn bag and from a few 1959 Philly bags I found hundreds of Fs-104's.
Doubtful I would get that lucky again but it was fun.
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Bedrock of the Community
United States
62064 Posts |
I bought a OBW roll of 1945-D cents and found several examples of a new RPM:  What what unique about the roll was that there were only 4 die pairs in the roll. So only 4 machines were running that day when that bag was wrapped that made up my roll. http://www.coppercoins.com/lincoln/...ie_state=mdsEdited by coop
07/18/2019 3:45 pm
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Pillar of the Community
United States
1543 Posts |
Just for your info some smaller banks still use canvas bags for most of their coins, the bags should have a tag or label with the date it was counted at the very least. If you can't see the tag I wouldn't by the bag.
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Replies: 21 / Views: 3,102 |
Posted 07/18/2019 08:01 am
