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Replies: 21 / Views: 10,301 |
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Pillar of the Community
United States
3276 Posts |
so I want to start searching penny rolls from the bank. I want to buy the $25 dollar box and search it. what do you guys do after you search them all? do you roll them all up again or is there a better method of getting rid of the ones you do not want?
also what is a good price to pay for a wheetie roll?
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Valued Member
United States
497 Posts |
Welcome to the forum and roll searching! I personally after going through any coins put them in a free coin counting machine at my credit union. Some people re roll the coins but that is intirely up to you. As to you question about paying for wheat cents, I saw the average Wheat cent is between 3-5 cents. Though I would not pay more than $2 or 3 dollars for a roll of average wheats. If your looking to score big try searching silver in halves and dimes. Hope my advice helped.
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Valued Member
United States
402 Posts |
Hey Murrelington, it basically depends on your bank, some take rolls others don't. My bank has one of those counting machines and I am able to dump mine there. Have a good time hunting it gets addictive.
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Pillar of the Community
 United States
3276 Posts |
awe you guys are lucky for the free coin counting. which banks do you guys use? I doubt my wells fargo would have that.
and I'm not looking to score big just yet. recently purchased a dansco 1909-present album of lincolns and I would like to fill it out :)
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Pillar of the Community
 United States
3276 Posts |
actually I just looked it up in my area and there is a free coin counting machine open to public about 2 miles away. so happy, I save change anyways and usually roll it all up, never even heard of a free coin counter before!
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Valued Member
United States
234 Posts |
Many credit unions have coin counters. Some offer free use of them to account holders. Fewer still offer them free to everyone. Looks like you found one of the latter which is an awesome score for you (saves so much time not having to re-roll to return stuff).
One other tip. At banks that have coin counters, see if you can just buy the filled bags (usually $50 face each) as they come off of the machines. This avoids paper rolls entirely and really helps speed the searching process:). This may also save the bank $$ because they then don't have to pay an armored car service to come pick them up. Thus, a win win for everyone!
Good luck with your searches!
Chugly
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Pillar of the Community
United States
809 Posts |
Except for the bank where you dump the coins! 
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Valued Member
United States
212 Posts |
I buy the $25.00 box. Sort. Pull the wheats. Pull the pre 1982's. Pull toned coins with nice eye appeal. (Putting together a 1941-2010 toned cent set). Take unwanted cents back to the bank in a tupperware food container ($19.00 AVG.) Teller takes the cents and puts in large counting machine (FREE) comes back and tells me how much it was. I add about $6.00 to the amount and buy another box. My bank is U.S. Bank. Have to have an account at the bank for them to do this service for you. If you take rolled coins in there they will have you open them all up. There are several banks in Oregon that have the counting machines and will do this for you, if you have an account, for no charge. Another good idea is to buy your cents at one bank and cash them in at another. That way you're no looked upon as a pest so much.
Edited by schnauzer 01/13/2011 01:11 am
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Pillar of the Community
 United States
3276 Posts |
nice info. I just picked up my first $25 box today. opened about 1/3 of the box. 5 wheats so far and lots of pre 1982. also found like 10 or so s mints. I am deciding to save copper pennies, wheats, and any s mint penny. also looking for the Wide AM pennies. what will you eventually do with the copper ones? I know copper is worth more than face value but it is illegal to melt, so what is with everyone saving their copper?
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Pillar of the Community
United States
602 Posts |
K, so save all wheats, copper and MS coins ya find. That's what I do anyway. Their is a guy here where I live that pays $97 for 5000 copper cents. Thats just under 2 cents a piece. Have seen them on e-bay sell for $20 for 1000. But I don't have to deal with listing them and shipping etc. I don't save the S mint coppers unless they are MS or AU. Which a lot still are out there. The rest just go in my copper pile. If ya find an S later then 74 then it's gonna be a proof coin. I've also found proofs roll searching. Make sure you look for the error coins also. Good luck and as someone has said it is addicting. WOLF
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Valued Member
United States
212 Posts |
Greetings murrellington. Go to Search Coin Community at the top left of this page and type in 67811 There is a discussion there regarding this subject. I'm not planning on getting rich doing this, but it's kinda fun. Gotta love the hobby. 
Edited by schnauzer 01/13/2011 02:28 am
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Valued Member
Canada
274 Posts |
Hi !
I'm curious about the price of the copper at scrap yard. I'm from Canada and the cent was in copper until 1996.
Help me with the right price, number and calcul if it's wrong...
The price of cooper are around 9500$ ? by ton, 1 ton is 2000 pounds ?
2000 pounds is 907185 Grams ?
A canadian cent weight 2.5 Grams but are copper at 98%, the weight of the copper is 2.45 grams.
9500$ = 907185 Grams of copper X = 2.45 Grams
The result is 2.5 cents
Right ?
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Valued Member
United States
212 Posts |
Wow, that's alot of numbers. I'm not sure. I do know that copper is at $4.37 per pound this very moment. It takes 153 copper cents to make a pound. So I come up with 2.85 cents metal value per penny. But my best grade in math was a C-, so I'm not sure. I think that's right though.
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Pillar of the Community
 United States
3276 Posts |
I'm not too great at math but I think that sounds about right.
and so in the first $25 box I opened, I got 9 wheats. crazy how out of 2,500 pennies I only got 9. that is a .0036% chance of finding one. but I did get about 30 s mint mark pennies from about 1970 to 1974. probably cause I live in san diego which is close to San francisco. anyways I'm also setting aside coppers and '09 + '10 pennies cause they have low mintage and look great.
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Pillar of the Community
United States
3294 Posts |
Actually that is a 0.36% chance, not 0.0036%. You probably have a 0.0036% chance of finding an Indian Head cent.
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Valued Member
Canada
274 Posts |
Murrelington : I mist a lot of "S" mint mark, if you have some spare you can conctact me, I can be interrested.
I live in Quebec, Canada, I just call at scrap yard for fun and the price is 3.52$ CDN by pound.
If you tell that it'S 153 by pound, it's around 2.3¢ each
Any buyer ? lolll
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Replies: 21 / Views: 10,301 |