I Am Fairly New To The Coin Hunting Scene

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Author	Replies: 5 / Views: 1,367
Ryanandfamily5 Valued Member United States 52 Posts	Posted 09/03/2019 05:13 am Hello to anyone who reads this post, I am curious on hearing from anyone willing to explain to me how hunting threw coins works . I am wondering if all US coins that are made, do they only use 1 blank planchett from the day its minted and never try to reuse that coin again in the future. with out having to re-melt the medal contents? probably a dumb thing to ask but again I am sorta new to this hobby and when I am searching for coins worth keeping with errors I seem to find certain coins that look like they have been minted on top of other past dated currency ,to me I think I see faint indications of coins that have been re minted over just wondering if this is normal or not. Does the us mints reuse older coins for newer pressed currency purposes. does anyone know if they re melt the medal and make blank planchetts or do the try to re face the coin then press it with newer style stamp I seem to be chasing my self with this issue of mine hoping for other peoples thoughts or opinions on this topic. Thanks for any advise your willing to give! Report this Post to the Staff

James Hicks Valued Member 179 Posts	Posted 09/03/2019 08:30 am I will tell you the basics. The bank sends all of its coins to the federal reserve. The Federal Reserve then rerolls the old coins and puts some newer coin in it. They do not remelt the old coins. What you do if you want to search for a mint error or silver, go to the bank, and order a box of pennies, or whatever denomination you want. The pennies come in $25 boxes, and halves come in $500. The dimes and quarters I think are $100 boxes. They will order them, and tell you when they get them in. You then go to the bank and pick it up. You pay face value, there is no charge. Once you pick them up, you then search them, reroll them, and bring the ones you don't want back to the bank for your money back. Report this Post to the Staff
CitationSquirrel Pillar of the Community United States 1026 Posts	Posted 09/03/2019 09:16 am I hope you have a great time hunting Ryan! Report this Post to the Staff
Finn235 Pillar of the Community United States 6130 Posts	Posted 09/03/2019 10:47 am The US mint doesn't overstrike (strike over existing coins) intentionally, and I don't believe they ever have -- the few existing overstrikes (mostly from the early 19th century) were mostly mint employees making illegal coins. Coins circulate until they are collected, lost, or deemed unfit for continued circulation; i.e. when they are no longer accepted by automated coin counters. Worn out or mutilated coins used to be sent back to the Fed for destruction, but I think that program was suspended following industrial-scale abuse by China. A very small percentage of destroyed coins might be recycled into the raw materials to make new ones, but the mint has large scale contracts with multiple mining firms to source the metals. The zinc lobby for example has been a driving force in keeping the penny on life support. Report this Post to the Staff
Greasy Fingers Pillar of the Community United States 7059 Posts	Posted 09/03/2019 12:53 pm to CCF...when you think you see a re-stamped coin, you might be viewing a coin with Machine Doubling on it..read/learn as much as you can before rerolling your coins..And when/if you return the coin rolls to the bank, make it a different branch, you don't want to be re-checking your re-rolled coins again...good luck Report this Post to the Staff
moxking Rest in Peace United States 17900 Posts	Posted 09/03/2019 1:23 pm We look forward to your participation. Please ask any questions you might have. If you have specific questions about specific coins please provide photos of same. Report this Post to the Staff
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