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 Replies: 10 / Views: 6,143 |
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Valued Member
United States
99 Posts |
I'm brand new to the coin roll game.
What is the difference between rolls from the bank and rolls straight from the U.S. Mint?
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Pillar of the Community
United States
5604 Posts |
Welcome to the family, I would say to answer your question, depending on which denomination you are speaking of, there are a few differences, 1st the U S Mint rolls are not checked by others, there is a much stronger re-sale value on the Mint rolls, take the LP1(the birthplace or log cabin Cent), in the U S Mint wrapper it sells for about $75.00 for the 1-roll each of the P&D Mint rolls, the stringer and sons rolls would not bring a fraction of this price.
I believe the Mint rolls are more authentic and truly "unsearched", for the collector, Good luck, Be Well, Mike....
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Moderator
 United States
56855 Posts |
Here's my Two Cent's, "pardon the pun" I got three boxes of the LP1's from two different banks, all Stringer & Sons wrapped Uncirculated. I don't think any one at Stringer & Sons searched any of them and I don't think the armored truck guys did either nor the bank employees. So these rolls in my opinion are unsearched and uncirculated and I only paid face value for them. Now I wish I could find the LP2's  John1  |
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Pillar of the Community
United States
1699 Posts |
Well I think from a Bank wrapped roll there is more of a chance of finding a different coin. Say if you want the Guam rolls, the mint rolls have 100% Guam quarters but a Bank Wrapped roll might have an oddity quarter mixed in.
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Pillar of the Community
United States
2520 Posts |
Quote:
Say if you want the Guam rolls, the mint rolls have 100% Guam quarters but a Bank Wrapped roll might have an oddity quarter mixed in. There's only 2 things that are for certain in life "Death & Taxes". The mint makes mistakes too, thats why we find error coins. Who's to say there weren't a few previous issue territory quarters in the bin when the Guams were dumped into it? It is probably less likely to find this in a mint wrapped roll than a bank wrapped....but I would think still possible. I think the main difference would be that the mint wrapped rolls spend less time (if any) in bags being shipped around...thus resulting in more higher grade coins. |
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Pillar of the Community
United States
608 Posts |
Let me add a little to this, if you can get bank rolls with just new issued coins that's the way to go and get uncirculated coins at face value.
However, as with the half dollars which are not being produced for circulation, you're not able to get them from the bank. Buying from the Mint is the only way to get them.
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Bedrock of the Community
United States
12437 Posts |
If you are referring to solid date uncirculated coin bank rolls, then there is absolutely no difference other than the price and wrapper. Coins from both types of rolls are handled the same way and minted in the same manner. One problem is that depending on the Fed District you reside in, your local bank will only have Phillys or Denvers but not both; the Mint roll sets are one of each.
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Pillar of the Community
United States
819 Posts |
I agree with biokemist6; I've heard from a pretty good source that the mint does not wrap any coins, they are wrapped by independent companies like Stringer and Sons in wrappers furnished by the mint and shipped from mint warehouses. But I don't know for sure that that is so.
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Pillar of the Community
United States
4867 Posts |
Coins are both of the same quality. Basically your paying a premium just because of the special wrapper the mint uses.
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Pillar of the Community
United States
3098 Posts |
On the Fed site (at least for FRBSF) it says that banks can order up to a date unmixed rolls of state/territory quarters and dollars. That means that the Stringers, even though they are wrapped by the fed and not the mint, are full rolls. Here's the link. When you click on it, it will say (at least for dollars) http://www.frbservices.org/operatio...ew_coin.htmlQuote:
During the special ordering period, Federal Reserve Bank offices will provide unmixed Presidential $1 Coin in boxes containing $1,000 worth of wrapped $25 rolls. If you want to order $2,000 bags of loose Presidential $1 Coin or $2,000 bags of circulated coin, contact your local Federal Reserve office to place a special request order. For more information on the ordering process visit our special six-week ordering process page. Orders will be filled on first-come, first-serve basis until available inventories are depleted. hmm... they have pennies too listed, but why did Wells Fargo say the Fed wasn't going to distribute them? Do I really have to use the account cancellation weapon?  Edited by wd1040
07/10/2009 10:36 pm
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Bedrock of the Community
United States
17884 Posts |
Quote:
On the Fed site (at least for FRBSF) it says that banks can order up to a date unmixed rolls of state/territory quarters and dollars. That means that the Stringers, even though they are wrapped by the fed and not the mint, are full rolls. That is true for those rolls ordered within the two week ordering window. Coins order outside that window can be mixed rolls and they will look EXACTLY the same as the unmixed ones. So unless you get the rolls within a few days of the release date there wil no way to know if they are solid rolls or not. And later if you plan on selling the rolls there is no way to prove what is inside the rolls short of opening them. And String & Sons rolls and the Mint Rolls are wrapped at the same location. Quote:
hmm... they have pennies too listed, but why did Wells Fargo say the Fed wasn't going to distribute them? Two possibilities, One Wells Fargo hasn't got a clue what they are talking about and are just making up an excuse for why they don't have them, or two they don't want to fool with you and the other coin searchers and are using this story to try and make you go away and stop bothering them. |
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Replies: 10 / Views: 6,143 |
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Posted 07/10/2009 4:54 pm
