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Decided To Do My First Coin Rolls......what To Do...

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Jayman931's Avatar
United States
2651 Posts
 Posted 04/21/2011  4:48 pm Show Profile   Bookmark this topic Add Jayman931 to your friends list Get a Link to this Message Number of Subscribers
I bought 10 rolls of pennies. There were some from the mint I decided to buy and keep or should open them and look for errors. I have 5 rolls that were rolled from the bank. I also bought a a roll of new Lincoln Dollar coins rolled from the mint never opened. Should I leave the unopened ones be to save? Thanks for your opinions...
Decided-To-Do-My-First-Coin-Rolls......what-To-Do...
Edited by Jayman931
04/21/2011 4:57 pm
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KenRingold's Avatar
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594 Posts
 Posted 04/21/2011  7:35 pm  Show Profile   Bookmark this reply Add KenRingold to your friends list Get a Link to this Reply
Hate to burst your bubble but those rolls are not from the mint. They would say so if the were and those don't. Those are "bank" rolls. Depends on the year and mint mark. I put up a roll of both P&D 2010 cents, only because they were the first year of issue. Eventually in about 100 years they might be worth something. Now for the dollars, if it is Lincoln, I would hold onto them, but Johnson, I would release back into the wild. But that's just me.
Edited by KenRingold
04/21/2011 7:38 pm
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penny man's Avatar
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659 Posts
 Posted 04/21/2011  7:43 pm  Show Profile   Bookmark this reply Add penny man to your friends list Get a Link to this Reply
are those 2011 cents in the rolls? and, if so, what mint?
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coppercoins's Avatar
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7629 Posts
 Posted 04/21/2011  9:49 pm  Show Profile   Bookmark this reply Add coppercoins to your friends list Get a Link to this Reply
You are likely not to find any errors worth anything because most of the errors of any significance are too big or the wrong shape to fit in rolls.
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amida17's Avatar
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4897 Posts
 Posted 04/21/2011  10:16 pm  Show Profile   Bookmark this reply Add amida17 to your friends list Get a Link to this Reply
^agree with the above. Open them and look for varieties not errors.
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Jayman931's Avatar
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 Posted 04/22/2011  02:47 am  Show Profile   Bookmark this reply Add Jayman931 to your friends list Get a Link to this Reply
@ken...your not bursting my bubble at all...I am new to this...I would say I am learning..the rolls on the left are for sure bank rolled but the ones on end are all brand new 2011 D's...and the dollars are Lincolns.... It says on the roll. If I am not mistaken they are from the mint.

The rolls on the right are from or not from the mint?



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aguynamedjoebob's Avatar
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63 Posts
 Posted 04/22/2011  04:18 am  Show Profile   Bookmark this reply Add aguynamedjoebob to your friends list Get a Link to this Reply
It looks to me like the ones on the left are customer wrapped rolls, and the ones on the right are bank rolls. String and Sons if I'm not mistaken.
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Jayman931's Avatar
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 Posted 04/22/2011  09:09 am  Show Profile   Bookmark this reply Add Jayman931 to your friends list Get a Link to this Reply
maybe I need to be educated. I decided to open one of the ones on the right. Every one penny was a "new" 2011D in uncirculated condition..

Maybe I just don't know what you mean by "Bank Roll"....why would they separate all of the 2011D's and put them in 5 rolls?
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coinsearcher83's Avatar
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1358 Posts
 Posted 04/22/2011  10:07 am  Show Profile   Bookmark this reply Add coinsearcher83 to your friends list Get a Link to this Reply
The new coins are in bank rolls because I bank purchased bags of new pennies from the mint (actually, federal reserve bank), and put them in machines and rolled them themselves. So, technically, a bank rolled them.
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Jayman931's Avatar
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 Posted 04/22/2011  10:25 am  Show Profile   Bookmark this reply Add Jayman931 to your friends list Get a Link to this Reply
Gotcha....i guess I will just save them.....
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rkrj's Avatar
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277 Posts
 Posted 04/22/2011  10:31 am  Show Profile   Bookmark this reply Add rkrj to your friends list Get a Link to this Reply
It is worth saving the 2011's for awhile to see if they are low mintage and to see what kind of varieties become well known. Just like you I am not an expert at finding "errors"/varieties so when I got a bunch of rolls of 2011 ATB Quarters I just left them in the bank wrappers and will wait till some of the well known varieties are found than I will search them later.
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Jayman931's Avatar
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 Posted 04/22/2011  2:52 pm  Show Profile   Bookmark this reply Add Jayman931 to your friends list Get a Link to this Reply
Would it be worth saving my roll of Lincoln Dollar coins? I'm not rich and $25 bucks is $25 bucks ya know...
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aguynamedjoebob's Avatar
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 Posted 04/23/2011  12:23 am  Show Profile   Bookmark this reply Add aguynamedjoebob to your friends list Get a Link to this Reply
I would say take out what you need to fill holes if you're doing a prez dollar book or album then spend the rest :)
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KenRingold's Avatar
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594 Posts
 Posted 04/23/2011  05:49 am  Show Profile   Bookmark this reply Add KenRingold to your friends list Get a Link to this Reply
If it was me, I would hold onto 2 rolls of the 2011D pennies. You might be able to trade one of the rolls for a roll of 2011P. If you open any more pennies, wear cotton gloves when you do it, to avoid leaving oils from your skin and fingerprints on them.
And if you can, save the the roll of Lincoln dollars intact and wait. I know that before the business strikes were released, people were buying the proof dollar sets, taking out the Lincoln dollars, and dumping the rest of the set on ebay. There may be a demand for them down the road. But that is speculation. But then again, isn't most of this hobby?
If you can't save the roll, open it wearing gloves, set aside the two end coins (you don't want those), and pick out the ones with the least scratches and dings, and keep those. With the "Golden" dollars there are also two varieties or types.
Type 1 has the edge lettering right-side up when the coin is heads up.
Decided-To-Do-My-First-Coin-Rolls......what-To-Do...
Type 2 has the edge lettering upside down when the coin is heads up.
Decided-To-Do-My-First-Coin-Rolls......what-To-Do...
You might want to save at least one of each. Some people collect both, and some don't. I do.
If you can avoid breathing on them, that would be good too.
And here is what mint rolls look like.
Decided-To-Do-My-First-Coin-Rolls......what-To-Do...
Edited by KenRingold
04/23/2011 06:00 am
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biggfredd's Avatar
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9104 Posts
 Posted 04/23/2011  10:36 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

Quote:
If you open any more pennies, wear cotton gloves when you do it, to avoid leaving oils from your skin and fingerprints on them.


Be sure they're white cotton gloves, so you can see all the grease, oil and crud the coins would otherwise leave on your skin.
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Shavill's Avatar
United States
139 Posts
 Posted 04/23/2011  1:04 pm  Show Profile   Bookmark this reply Add Shavill to your friends list Get a Link to this Reply
I have 10 rolls of 2011 D, because it usually takes 10 years for all the "varieties" and errors or what not to be know and what forth, or that is what it seems like to me. IE 2000, and 1999 pennies.

I would suggest getting a Red Book (http://www.google.com/search?q=red+...280&bih=575) and that will be your source, also...post here if you find anything that you think "questionable" sometimes I think I have a double stamped, and I post here...and it just happens to be two pennies got smashed together with some extreme force.

Think it more in attachment value more than monetary, yes sometimes you'll find worthwhile pennies, but then again...if that is what it was all about...I'd be buying 1000$ of pennies every week and hiring people go through them.

Good luck, and let us know what you find.
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