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 Replies: 32 / Views: 2,976 |
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Bedrock of the Community
United States
62064 Posts |
There could be more inside the roll. Worth picking up other rolls if available from the same batch.
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Bedrock of the Community
United States
10635 Posts |
Unless you purchased the roll directly from a mint, there is not such thing as a "OBW" roll.  |
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Valued Member
 United States
426 Posts |
Quote:
. Unless you purchased the roll directly from a mint, there is not such thing as a "OBW" roll. Ok yea I'd we get technical this is true. But the meaning of a obw is just that blanket term used for coins that haven't been circulated all the same date that we all know have been freshly wrapped by the federal reserveZ and we just use one to explain it seems in the hobby we all understand is meant by it. Technically I guess we'd call it BU rolls or original fed reserve wrapped rolls. lol |
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Pillar of the Community
 United States
5779 Posts |
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Unless you purchased the roll directly from a mint, there is not such thing as a "OBW" roll. Just to clarify for newer members; the mint didn't wrap any rolls. Individual banking institutions and Federal Reserve Branches did. And the older the date the less likely the rolls are original (almost 100%) but some are still out there and can be verified with a lot of effort. Words of encouragement are one of the major food groups.
We need to consume them regularly to thrive and grow.
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Bedrock of the Community
United States
10635 Posts |
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Just to clarify for newer members; the mint didn't wrap any rolls. Individual banking institutions and Federal Reserve Branches did. Pete my friend, I got ya here. The mint does wrap some of their own coins. There may be other examples, but I have several rolls of 2009 Lincoln's wrapped by two individual mints (Denver and Philadelphia). So, "OBW" rolls DO exist. I can prove it if you need to see them. |
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Pillar of the Community
United States
2376 Posts |
I always took the meaning of OBW to be Original Bank Wrapped. There are certainly mint issued rolls,the 2009's do come to mind, that I felt should be referenced as special (or even commemorative) mint wrapped rolls , as the mint isn't a bank.
The Fed (Federal Reserve "Bank")and larger banks , would be the source for OBW rolls.
Edited by stoneman227
02/06/2023 09:08 am
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Valued Member
United States
426 Posts |
Quote:
. I always took the meaning of OBW to be Original Bank Wrapped. There are certainly mint issued rolls,the 2009's do come to mind, that I felt should be referenced as special (or even commemorative) mint wrapped rolls , as the mint isn't a bank.
The Fed (Federal Reserve "Bank")and larger banks , would be the source for OBW rolls Yea exactly my thought too. "OBW" was used for rolls when they were wrapped at actual banks like in the 60's I don't know when it stopped. But for the most part OBW Original Bank Wrap rather it was wrapped at an actually bank or the federal reserve. Still has the same meaning it's a OBW with uncirculated coins all the same date. And the 2020 Pennie's in this roll are all the same date ofc, came from the same time frame of being rolled where the variety was prominent. |
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Pillar of the Community
United States
573 Posts |
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The Fed (Federal Reserve "Bank")and larger banks , would be the source for OBW rolls. Merclover is correct that, except for commemorative rolls as described, there are no more OBW rolls. Armored car companies (Loomis, Brinks, Wells Fargo, etc.) are actually an intermediate banking system and they receive coins from the Fed via pallets and bags. They also get excess coins from banks and cash deposits from retailers and everything gets counted and dropped into giant coin wrapping machines at the same time. If they get a dozen pallets of brand new cents from the Fed, they might mix them in the hopper with this week's deposits from Walmart, Target and the excess from Bank Of America and then they all get wrapped together. Ever notice how much variation there is in the cents found in a box of 50 rolls or how you can have a roll of 49 2023 cents with one beat up 1973 D in the middle? Economies of scale dictate it's far cheaper to have one company doing huge quantities of wrapping for all the customers that need it instead of all the customers doing it themselves. |
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Valued Member
United States
426 Posts |
Yea no more "OBW" rolls but how we define that term now and use it. It's relevant. OBW now I'm sure most relate it to Uncirculated rolls of Pennie's that are all the newest and same date. What else do you call those kinda rolls if not obw?
They're original and NOT circulated yet. Still considered an original wrapped roll well say instead of OBW let's say OWR (original wrapped roll".
Obw is the blanket term we all know.
The 2020 here is an original roll with a major die break variety. It wasn't rolled by a person. This roll was meant to be rolled for circulation when the new coins were issued and came out. Again this roll was obtained in February so when the new coins came out. So more then likely we'll see 1 or more of the variety throughout. Till it's open who knows.
This is an original roll.
Edited by gorham_collector
02/06/2023 9:50 pm
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Pillar of the Community
United States
2775 Posts |
gorham_collector. I will agree. Enjoy the moment of the find. The unneeded jibber jabber around it is of no importance.  Thanks, Doug. |
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Valued Member
United States
426 Posts |
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. gorham_collector. I will agree. Enjoy the moment of the find. The unneeded jibber jabber around it is of no importance. Thanks, Doug. Thanks Doug. Yea the unneeded jibber jabber reminds me that of when people post a coin stating it's an error but in fact it is PMD and then the poster wants to know exactly what PMD caused what is being seen LOL. . At that point it doesn't matter if it's not a doubled die, variety or error no need to try to explain it any further and what PND caused what's being seen. I'm sure most will get my point here relating to OBW rolls. |
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Pillar of the Community
Canada
6244 Posts |
@GOR: I like 'it your statement about reserve rolls, which is faux. Except the few rolls the Mint do, they do not send rolls. Now is come the funny part which it is mistake: The shipping in bags for others denomination then cents come from same batch of striking, For the cent will be an 1500 lb. cents struck one after the other in the same bin will be deliver. So make the Math. all will be same strike? Yes. All will be same error or variety? Possible but Questionable. Sure it is all bins from this strike will be directed to a same location. Rules of the Reserve and the Mint Facilities for Cents.
Impossible all to be crack. After rolling and cut the ends, the bigger number will be roll crack 6 inches. Means 12 coins, we say generously 20 but not more.
Enjoy suppositions. Also do not forgot, crack blank, milling could made fragments, the plating and polishing? others fragment so will rest what? Hand fingers if I am lucky.
Edited by silviosi
02/07/2023 01:00 am
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Bedrock of the Community
United States
10635 Posts |
Just the act of placing coins in bags circulate the coins, then from bags to paper rolls further circulate them in the process alone. Point being, unless you obtain coins directly from the mint in mint marked rolls, there is no such thing as "uncirculated rolls" or even OBW anymore. Sorry to upset some here by even discussing the matter. |
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Pillar of the Community
United States
5779 Posts |
Words of encouragement are one of the major food groups.
We need to consume them regularly to thrive and grow.
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Bedrock of the Community
United States
74444 Posts |
Great find!
Errers and Varietys.
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Replies: 32 / Views: 2,976 |
First Page
Posted 01/16/2023 3:32 pm
