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Disc Jockey
New Member
22 Posts |
 Posted - 03/14/2010 : 14:47:33
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I found a lobby counter in a savings and loan last week that lists old and new pennies. I asked the teller what it means and she said that the composition of the pennies changed and it lists them seperately. I gave her my deposit receipt and left. Next week Im going back there and asking, does it seperate the pennies ? , if it does, who wants them seperated ? the bank or the manufacturers of the machine. OR the armoured car service ? This makes me think the copper is going to be removed from circulation soon, maybe a couple years. Its a Scan Coin model CDS 648. The other Scan Coin models dont list any differences on the receipt.
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 03/14/2010 : 14:50:12
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| I think that it still dumps them into the same bag. If it separated the coins, ask if they will sell the bags. Then you could just buy the copper bags and not have to sort them. |
You don't have to be the BEST you just have to be.......SLICK
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jacer333
Penny Pincher Member
USA
119 Posts |
Posted - 03/14/2010 : 15:24:14
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| Walking in and buying copper bags at face? Boy you can't do much better than that... |
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Disc Jockey
New Member
22 Posts |
Posted - 03/14/2010 : 16:06:29
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| Of course I'll try to buy them if seperated, but the big question is why did the mfgr make the machine this way. at whose request ? next time I go I'm going to sort some coppers into the zinc AND a silver dime with some clad ones.I want to see if it lists old dimes on my receipt |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
 Posted - 03/15/2010 : 15:17:55
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quote:
Originally posted by slickeast
I think that it still dumps them into the same bag. If it separated the coins, ask if they will sell the bags. Then you could just buy the copper bags and not have to sort them.
Yes, the put them into the same bag. |
Copper Penny Investing
www.portlandmint.com |
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 03/15/2010 : 15:54:11
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| highroller, what is the purpose behind the machine listing the coppers and zincs? |
You don't have to be the BEST you just have to be.......SLICK
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 03/16/2010 : 16:14:59
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quote:
Originally posted by slickeast
highroller, what is the purpose behind the machine listing the coppers and zincs?
Over in Europe there is a LOT of counterfit coins. These machines were created to reject the forgien coin. The technology is simply also being installed into the "U.S" models as well. It really doesn't serve the average person any good. However, this has been going on for a little while now and is also a sign that the melt ban will lift. |
Copper Penny Investing
www.portlandmint.com |
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illeagle
Penny Sorter Member
56 Posts |
Posted - 03/16/2010 : 16:32:43
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| There is a counter at a dump bank I frequent that has a metal tray, separate from the plastic coin bags inside it. I have seen it several times, when the teller changes the coin bags. I have seen it full of varying amounts of silver coin. I have questioned tellers about it and a loose one of them admitted to me that the machine does sort out silver coin. Naturally, I offered to buy the coin and was rejected. Bankers are savvy to the intrinsic value of the money they work with; I know quite a few banker/numismatists. I would not be surprised if now or later there are counters that sort copper. |
Would Like To Trade: Coins for 1 acre of rural land. |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 03/16/2010 : 16:50:04
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quote:
Originally posted by illeagle
There is a counter at a dump bank I frequent that has a metal tray, separate from the plastic coin bags inside it. I have seen it several times, when the teller changes the coin bags. I have seen it full of varying amounts of silver coin. I have questioned tellers about it and a loose one of them admitted to me that the machine does sort out silver coin. Naturally, I offered to buy the coin and was rejected. Bankers are savvy to the intrinsic value of the money they work with; I know quite a few banker/numismatists. I would not be surprised if now or later there are counters that sort copper.
Do you mind sharing what bank this was. |
Copper Penny Investing
www.portlandmint.com |
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illeagle
Penny Sorter Member
56 Posts |
Posted - 03/16/2010 : 17:01:15
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| PNC, Formerly National City |
Would Like To Trade: Coins for 1 acre of rural land. |
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fasTTcar
Penny Hoarding Member
Canada
573 Posts |
Posted - 03/16/2010 : 22:57:41
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| My understanding is that they use weight to determine the full bag and the copper and zincs weigh differently, so the count would be more accurate if they had a composition breakdown. |
www.londongoldbuyer.com |
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Lobby counter that lists old and new pennies
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