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 Replies: 16 / Views: 3,661 |
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Valued Member
United States
305 Posts |
I haven't even found a LWC. The teller told me they get lots of customer rolled coins. I got excited and planed to open an account. I took the $20 limit in pennies for non account holders as a test batch. But I'm having trouble finding anything in them. The bank has a $200 special for new accounts so I may still open an account. My current bank has a free coin counter. What is your best source for unsearched pennies? I offered a co worker 20% over face value for his old penny jar. I'll get it when he cleans out in preparation to move. |
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Pillar of the Community
5464 Posts |
Why can't you order a box of cents from the bank?
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Bedrock of the Community
United States
19194 Posts |
I've been cent roll hunting for many, many years. I'd estimate that the rolls have been about evenly split between customer-wrapped and commercially-wrapped (Loomis, Garda, etc.). Across all that time my wheat find rate is around 1 in 1,500. A few years ago I came across several customer-wrapped rolls at one time which were about 90% wheat--haven't seen that before or since. Not everyone who turns customer-wrapped rolls in at a bank is a roll searcher/coin collector/copper hoarder. In my experience, a few are, most aren't. Best source for unsearched cents? There's no way to be 100% certain that customer-wrapped rolls haven't been searched. For me, I obtain rolls wherever and whenever I can, and just go with what comes. It becomes a factor of volume--the more rolls one goes through, the better the chance of finding interesting coins (over time). The best I've done with cent rolls picked up at banks: five Indian Head cents, three 1909Ps (one a VDB), a few dozen teens (three D mints), a 1926S in fine condition, a dozen or so steel cents, and a good number of wheat die cracks, lamination peels,and a modest number of RPMs and DDOs/DDRs. And that's just for wheats. Have found many cool LMCs too. If you live in a large, densely-populated region like the Northeast, chances are excellent that there are some serious roll searchers not too far from you, out there looking. Edited by ijn1944
12/05/2019 09:13 am
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Valued Member
 United States
305 Posts |
Thanks guys. I was averaging 1 LWC per customer wrapped roll from another bank. I also did well with a box of circulated pennies. But now they only have brand new pennies in the box. I still have 28 rolls of 2018 pennies. |
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Valued Member
United States
305 Posts |
€  This looks like a dump roll. I'll let you know if I find anything. |
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Pillar of the Community
United States
4333 Posts |
Any roll deposited is a 'dump roll', depending how you look at it.
You'll get your best results holding multiple accounts with different banks.
This way you'll be able to sample many different sources.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Valued Member
United States
305 Posts |
"Any roll deposited is a 'dump roll'"
That is true. But a well searched roll yields no treasures.
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Bedrock of the Community
United States
19194 Posts |
Before opening, how can one differentiate between a cent roll wrapped plainly by someone who's not a collector--just emptying a jar half full of cents and not paying attention to what's being wrapped, from a cent roll wrapped plainly by a hardened Lincoln Cent collector with expert credentials? Both rolls having 50 pieces, both wrapped in common brown cent wrappers with red markings. Edited by ijn1944
12/06/2019 5:26 pm
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Valued Member
United States
274 Posts |
I am shocked any banks still take rolls back. Mine only take loose change and insist on running it through the machine. The bank sends the coins to the fed in bags where they get rolled. Maybe that is just a midwest thing?
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Pillar of the Community
United States
4333 Posts |
Quote:
I am shocked any banks still take rolls back. Mine only take loose change and insist on running it through the machine. The bank sends the coins to the fed in bags where they get rolled. Maybe that is just a midwest thing? Mythical. Those coins rarely go back to the Fed reserve. Instead, they are rolled locally by the courier. Redistributed locally. When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Valued Member
United States
274 Posts |
A mistake on my part regarding where the bank sends the bags. The point is still valid that my local banks don't accept customer rolls.
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Pillar of the Community
United States
4333 Posts |
@chrisof4
No mistake, if a courier is short, they hit up the Federal Reserve ( which is a private bank that is not gov't owned btw).
You're right most banks don't accept rolled coin, but some do especially if they don't want to house a counter, which can be very expensive to maintain.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Bedrock of the Community
United States
19194 Posts |
My dump bank--two branches of the same bank--accept my dump rolls. I'm careful not to bring too many in at a time, and I take pains not to short any of the rolls. Branch tellers and managers know me well--having transacted with them for several years. I'm lucky.
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Valued Member
United States
305 Posts |
On the cent roll pictured above a note was written on it and later scribbled out. Indicates to me that someone was using this roll sleeve to save a specific kind of pennies and recycled the paper sleeve to a dump roll. And I found no treasures in it.
Edited by TwistedTrader
12/07/2019 08:43 am
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Bedrock of the Community
United States
19194 Posts |
So, anything interesting found in the roll? I've come across some rolls with 'marked' sleeves/wrappers in the past. As I recall, nearly all contained a typical mix of LMC and LSC, with maybe half of the LMCs being copper. None were solid dates or mints--just a mix. Did have an occasional 40s/50s wheat or Canadian cent, but rarely. |
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Valued Member
United States
305 Posts |
Nothing of interest found in that roll.
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Replies: 16 / Views: 3,661 |
Posted 12/05/2019 09:05 am
