how can i tell if the roll is indeed never been opened from u.s. mint? i've seen rolls of coins from u.s. mint and "bank wrap" rolls? what are the differences? sorry i'm really newbie
Well when banks get coin rolls...they aren't from the mint...they get them from the truck (The truck from the Fed's) and eithere they are left in the paper rolls of plastic rolls or the bank re rolls them....just ask for the NEW Nickels or the NEW quarters and they should be able to help... One more thing....always look at the edge (or rim) if the coins are in the plastic rolls....if there is one that looks old...more than likely it is....a pre State Quarter....or if you see one with a blank rim....it might be a blank planchet...worth about $4 Speedy
Hi, Now that coins are delivered in huge bags on palettes, The system is "the same, only different" Going back to the old way of things, before the palettes and using cents for example; The Mint would bag them with 5000,($50.00) worth of cents in each bag. They were unrolled. ( The Mint doesn't roll the coins ) . The coins would be delivered to the Federal Reserve Bank. A "regular" bank would order cents from the Feds and they could be delivered without them being rolled. The bank would then have bags of 5000 loose cents in their vault and they would wrap them as needed. If a bank chose to do so, they would hire a middleman, so to speak, to roll the coins for them. Companies like Brinks would count and deliver the coins to the bank both wrapped and counted. These cents would come in boxes of 50 rolls or $25.00. The wrappers were either white paper trimmed in red with the word cents on them, or they were plastic tubes with the cents stuffed in them. The paper wrappers had the ends rolled down onto themselves. Usually if the ends of the rolls were intact, the roll has not been opened. Usually if the plastic wrappers were opened, it was tough to reuse them so the roll probably was not opened. I've figured out ways to reuse both types of wrappers. so If I looked through rolls, you would have to look for two stripes that I put on them with a marker to tell if it was searched through. If you could get a sealed box of coins from your bank (One of the $25.00 boxes) you can be pretty sure the coins were not searched. The counting company does not sort the coins so it is possible to get Uncirculated coins from the Mint, mixed in with older stuff that happened to be at the Federal reserve bank. Anytime a regular bank has an overabundance of a particular coin, they may sometimes send coins back to the feds. In that way, older circulated stuff ends up in rolls with brand new coins. Many times, I've opened what I would have expected to be all new coins only to find five or ten older circulated cents in the rolls with the rest being all new. You can't assume that the rolls are 100% full of new coins even if the majority of the rolls appear to be. Currently, the situation is the same but the counting companies now get these huge bags of a ton of cents ( I think Its a ton) I hope this helps!! Have Fun, Bill
Maybe the mint is changing there ways now, I just ordered 10 new rolls from them "Jefferson nickels" in goverment wrapped paper with US mint and buffalo on it!!
wow, i thought they were out of the 2005 nickel rolls? i just ordered 4 rolls of each buffalo & ocean view rolls
To clarify, they still sell (at a premium) certain rolls of coins as collectibles unto themselves. Regular coins meant completely for circulation reach the banks in the ways mentioned in my earlier posts. Have Fun, Bill
Just to add, I just looked at the new rolls I got from the mint in gov. wrappers, they are sad!, nicks all over the face and reverse! I mean way bad!!!!!!!So I would now think that anyone who gets a so called real MINT state buisness strike will have a good coin givein that most are in sad shape from what Iam seeing.
well my usmint nickel rolls came in (wow that was fast.. 5 days from ordering) and i opened one of the rolls and found 2 of the nickels in it that are either an error of some sort or just really dirty (from an us mint roll?!) here's the pictures of one of them (the other looks about the same) and a picture of a "normal" nickel from the roll for comparison: EDIT- the scans don't really show the coin clearly, but the coin in question... when viewed in real-life, you can see that it has kind of a smokey/grayish color all over it
Vision, 2Coins, you both REALLY should read the article/link given by GDJMSP. The ONLY.....let me repeat this....the ONLY difference in the coins you get from a bank and from the US Mint is the wrapper. There is NO special treatment of US Mint roll coins. OK....I must confess, there is another difference between bank wrapped rolls and US Mint rolls......a minimum of $6.95 + S/H
Thanks, but these still are the sadist lookin marked-up new coins I ever seen!, Ill never buy these again.
BU rolls are BU rolls but gems and varieties still have a tendency to "bunch up" when they are distributed. Just as the extra leaf WI quarters were released in Tucson the next big thing could show up in mint rolls. If you're chasing such coins the best bet is to seek them from many different sources and then home in when you start finding them. It won't always work because sometimes even the hardest work won't pay off.
I have to agree with you cladking. For an example, a while back I got a good deal on 3 unopened bison usmint roll sets, all the same date & time (4U8 10:42 02/14/05 if anyone's interested). So I open the first set and notice one roll is longer then the other. the P roll contained 11 of the 5 legged type errors. The next set I opened again had a long / short roll and the P roll had a 5 leg showing at the end of the roll, so I decided to leave them unopened. The third set I have left sealed, but I would bet in contains more of the same. Apart from the minor errors, the rest of the coins looked rather shabby. The design of the obverse 2005 nickel's seems very prone to damage. I'm thinking that high grade ms, not satin or proof, could be a good investment.
$25.00 boxes are fun to search, I have found a lot of BU coins from the 60's and 70's. You also get a small handful of wheats per box.
