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deleted
70 Posts |
 Posted - 04/03/2008 : 00:38:12
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Here's why I ask:
I got 4 boxes last week from 2 different banks in town. They were all dated 3/14/08. Through the holes it looked like a good mixed batch, but after the first 5 rolls of hand sorting, I found 0 pre '82s and 2 '82s. My scale is loaned out at the moment so I couldn't do a double check of the box weights or even see if the 2 82s were copper. I didn't even open the other 3 boxes, but of the box that was open, there were no pre 82s on the ends of the rolls either. I took them back and traded for customer bags instead.
Got a box today dated 2/8/08 and it seems to be my usual 20-25%. Is it possible that some of the fed banks started pulling copper In the last month?? Not sure if there is any way to find out, but I think that, (at least here in CO), the "big boys" have actually started pulling the copper out of circulation before they box them up and send them back out.
Has anyone else gotten a good "mix" of pennies but no coppers in the batch, or did I hit a few unlucky boxes?
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"They that can give up essential Liberty to purchase a little temporary safety, deserve neither Liberty nor safety." Benjamin Franklin |
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misteroman
Administrator
USA
2565 Posts |
Posted - 04/03/2008 : 01:04:04
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| Anything is a possibility,but I highly doubt they will admit to it. |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 04/03/2008 : 01:05:18
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| Mark, This has happened to a few of us over the last few months. There are a few threads on it. Usually it has been Brinks boxes.. those ones in the plastic rolls. Were yours Brinks wrap or paper wrap rolls? Most of us just toss any boxes we get on the scale before opening and save ourselves lots of time when we get duds. About a month ago I got an entire 24 box shipment of duds.. ouch! |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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deleted
70 Posts |
Posted - 04/03/2008 : 01:21:07
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| These were paper wrapped rolls. I'm in rural CO and I don't think anything goes through Brinks. The customer coin $50 bags I get at the same banks are addressed to the Federal Reserve Bank of KC, Denver branch. |
"They that can give up essential Liberty to purchase a little temporary safety, deserve neither Liberty nor safety." Benjamin Franklin |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 04/03/2008 : 06:24:56
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quote:
Originally posted by markarnold1982
These were paper wrapped rolls. I'm in rural CO and I don't think anything goes through Brinks. The customer coin $50 bags I get at the same banks are addressed to the Federal Reserve Bank of KC, Denver branch.
Huh....Interesting....
Deal |
Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
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TXTim
Penny Hoarding Member
629 Posts |
Posted - 04/03/2008 : 07:26:25
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First time I've heard of paper rolls with no copper except for full boxes of new pennies.
I feel your pain. |
Beer is my currency. |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 04/03/2008 : 07:39:08
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| I started back in January and it seems that the boxes with dates in January are a bit lower than what I was seeing when I started. But I honestly dont think the Fed is pulling coppers yet. I am wondering if some of the stuff I am going through right now is stuff I already sorted and dumped that got mixed in with the general penny population in this area. It would make sense that the percentages would go down a little over time. The box I did last night seemed lighter than normal on coppers (I havent counted yet), wheats and canadians and was dated 3/8/08 by CWI. |
My hobby: collecting real money 1 copper cent or nickel at a time.
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WilliamC
Penny Collector Member
USA
471 Posts |
Posted - 04/03/2008 : 08:52:45
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I deliberately didn't buy any pennies from my main bank this week but I'll stop by there Friday to take a look at their new boxes.
I hope the release of the 2008's is finished and I'll be back to getting mixed rolls again.
As for the Fed's pulling copper it's bound to happen sooner or later, but I've no idea of how to find out when.
Eventually though the copper penny will go the way of the silver dime.
Just a memory except in the bags and pails of us collectors and hoarders.... |
Sorting In Northwest Mississippi |
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El Dee
Penny Hoarding Member
USA
547 Posts |
Posted - 04/03/2008 : 09:03:05
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quote:
Originally posted by CoinHunter53562
I am wondering if some of the stuff I am going through right now is stuff I already sorted and dumped that got mixed in with the general penny population in this area.
The coin pool is so huge, and the processors are so few that I doubt you could see your own effect on the percentages. Your coins come from some central processor, undoubtedly. I could be wrong, but you wouldn't find a completely zinc box of mixed dates unless sorting is being done on a very large scale.
Only recently has anyone seen mixed date duds. |
Trust the government? Ask an Indian. |
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n/a
deleted
70 Posts |
Posted - 04/03/2008 : 09:50:50
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so maybe these boxes of mixed date duds just come in after HPBTT makes a huge zinc drop somewhere. LOL...
but really, I wounder how big a drop would have to be made and in what location for my small town to get a batch of zinc for a week. This town is only like 3000 people and between the 4 banks here I think they only $200-$400 in pennies combine. Lets say someone in Denver dumped $5000 in zinc on 3/10/08, that batch gets counted and rolled and dated 3/14/08 and gets sent out. It just seems too weird to be getting full boxes of mixed duds. |
"They that can give up essential Liberty to purchase a little temporary safety, deserve neither Liberty nor safety." Benjamin Franklin |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 04/03/2008 : 10:01:15
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I agree with El Dee. You have to think of the coin pool as a swiftly moving river rather than a pool. Against several peoples' advise I used to get major shipments at my dump bank. It was just so convienent dumping and picking up on the same trip. Even when I ramped it up briefly to 100 boxes per week there was no drop-off in percentages as compared to coins sourced earlier from that bank or all the other banks I pick up at.
So far all of my dud boxes have been Brinks wraps. I do remember a month or so ago seeing another member report getting a dud box of paper wrapped rolls from Loomis.
Maybe Jackson Metals is shipping out pennies to help with the shortages in our areas. You see areas where us penny hoarders are active must be experiencing shortages and so they are shipping in zincs to help out.. LOL. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 04/03/2008 : 10:07:00
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quote:
Originally posted by markarnold1982
so maybe these boxes of mixed date duds just come in after HPBTT makes a huge zinc drop somewhere. LOL...
but really, I wounder how big a drop would have to be made and in what location for my small town to get a batch of zinc for a week. This town is only like 3000 people and between the 4 banks here I think they only $200-$400 in pennies combine. Lets say someone in Denver dumped $5000 in zinc on 3/10/08, that batch gets counted and rolled and dated 3/14/08 and gets sent out. It just seems too weird to be getting full boxes of mixed duds.
LOL.. My standard answer when a guy would report getting a dud box used to be "You found my dump bank!!!" 
I agree with you that it is weird. But it is even more strange that I can get 24 box shipments of the same thing in a fast paced area like mine. Think of the size dumps it would require for that to happen. Then just when I think I have it all figured out they start putting a few regular boxes in with the dud boxes. I am picking up 24 more Brinks boxes this week from my main bank and I will pick up a few from the other bank near work that first gave me duds.
My scale is ready!
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If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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70 Posts |
Posted - 04/03/2008 : 10:07:13
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| Well at least we are establishing a little bit of a pattern here. Loomis takes care of the banks here too. I'd like to see how other Loomis supplied guys are making out. As time goes I'm sure we will be able to see patterns in this sort of thing more easily. |
"They that can give up essential Liberty to purchase a little temporary safety, deserve neither Liberty nor safety." Benjamin Franklin |
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70 Posts |
Posted - 04/03/2008 : 10:12:52
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Heading to work, my Ryedale should be here when I get home!!! YIPPPEEE!!!
HCBTT- Thanx for all your insight, I'm sure over the next few months I will be learning a lot from you. U Da' Man |
"They that can give up essential Liberty to purchase a little temporary safety, deserve neither Liberty nor safety." Benjamin Franklin |
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Saul Mine
Penny Collector Member
USA
343 Posts |
Posted - 04/03/2008 : 12:56:02
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| I have been getting pennies from different banks. So far all except one have given me the red boxes with plastic wraps, and they all run from 15% down to zero. The only decent batch I got came from my credit union, wrapped in different papers and put in reused boxes. I'll be checking some banks outside of town to see if they are any different. |
A penny sorted is a penny earned!
Please use tinyurl.com to post links. Long links make posts hard to read. |
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c140cessna
Penny Collector Member
USA
419 Posts |
Posted - 04/03/2008 : 13:26:40
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I bet you are getting your own or other hoarders zinc dumps.
I think of it as an Ocean of pennies out there....but we hoarders are swimming in the surf near shore....when we make a big zinc dump....it can comes right back at us in the form of wrapped boxes.....like tossing a bottle in the surf...
I really think that is what is going on....
I often dump $1000 in zinc in a single week....add in some more guys in the area...and there is a high probability that we may be getting or own zinc back.
Sure, it is difficult to measure our impact via overall Cu%....that is why we get normal percentages and than a few boxes of pure old zinc.
Just my opinion. |
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Saul Mine
Penny Collector Member
USA
343 Posts |
Posted - 04/04/2008 : 22:50:36
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| I am definitely not getting my own output. These are my first 10 boxes, 2,500 pennies, and I had them all here at the same time. It rattles my confidence, getting 8 boxes of duds on my first attempt! |
A penny sorted is a penny earned!
Please use tinyurl.com to post links. Long links make posts hard to read. |
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deleted
70 Posts |
Posted - 04/04/2008 : 23:00:41
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You just got a boxes of duds? Mixed or new?
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"They that can give up essential Liberty to purchase a little temporary safety, deserve neither Liberty nor safety." Benjamin Franklin |
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Centsearcher
Penny Pincher Member
USA
107 Posts |
Posted - 04/05/2008 : 18:36:46
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I doubt your disappointing boxes were a result of the fed pulling coppers just due to the vast amount of coppers still in circulation. Lets take a look at the numbers...
Between 1959 and 1982, the mint coined roughly 150,000,000,000 pennies. This means that $1.5 billion dollars worth of copper coinage is still out there, without even including any wheat cents that may still be circulating. Additionally, copper has only been on a run since 2005, which means any major efforts at pulling these coins would have begun within the last three years. It is highly doubtful that any institution, even the government, would be able to make a noticeble dent on the large copper coin pool in that amount of time.
I do however, expect the fed, along with the general public, to get in on the copper coin craze before the decade is out (assuming copper prices stay elevated). But even then, it will take ten years or so of strong, nation-wide hoarding before it becomes "hard" to find a copper penny. |
--Misplaced Numismatist--
Democracy: The only system where any two idiots can out-vote a genius
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 04/05/2008 : 21:49:19
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| Good news.. I picked up 3 boxes yesterday at the first bank that gave me duds and 24 boxes at my regular bank that gave me an entire shipment of 24 dud boxes last month. Not a single dud box! |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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deleted
70 Posts |
Posted - 04/05/2008 : 22:23:03
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| Sweet!! |
"They that can give up essential Liberty to purchase a little temporary safety, deserve neither Liberty nor safety." Benjamin Franklin |
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fiatboy
Administrator
912 Posts |
Posted - 04/07/2008 : 02:25:08
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34% copper in my latest box---after 2 duds.
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"Bart, it's not about how many stocks you have, it's about how much copper wire you can get out of the building." --- Homer Simpson |
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deleted
70 Posts |
Posted - 04/07/2008 : 02:33:19
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| Sweet! |
"They that can give up essential Liberty to purchase a little temporary safety, deserve neither Liberty nor safety." Benjamin Franklin |
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knibloe
1000+ Penny Miser Member
USA
1066 Posts |
Posted - 04/07/2008 : 21:06:10
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| I got two boxes here in NY today. They were from Loomis. The one had about 20% in it. The second had just two coppers in it!! Once I opened the box and realized it, I weighed each roll. Two were slightly heavier so I opened them. The last dud I got, I did this and scored a couple of odler wheats. This time it was a 59 and 72 |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 04/08/2008 : 14:35:57
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| Maybe the 72 is a dd.. that would be something! |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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knibloe
1000+ Penny Miser Member
USA
1066 Posts |
Posted - 04/08/2008 : 22:13:18
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| HCBTT admittedly, I did not check, but you are right, I should have. |
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Is the Fed already pulling copper ??!
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