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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
 Posted - 06/21/2008 : 11:18:06
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Just getting started.
I understand most people buy boxes?
Is it better to get customer wrapped rolls?
Is there a way to get bagged coins instead of rolls?
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Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 06/21/2008 : 11:38:53
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Golly you have a lot of good questions. Get pennies any way you can. Some have standing orders, many just do drivebys at various banks. Some banks have boxes, some blocks of rolls, many I deal with keep rolls in blocks of 10 in bags of 5 blocks. The standard unit of trade for pennies in quantity is $25 (boxes, bags) and $5 blocks held together with an elastic, and of course the 50 cent roll.
I like CWR because they represent a sample of what is circulating - unless someone dumps thier collection of old pennies (found that) or some sorter dumps thier zincs (not yet for me). |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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copperpennies
Penny Pincher Member
USA
222 Posts |
Posted - 06/21/2008 : 11:45:34
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The best way to get coins is by the bag if you have a ryedale. This is so you do not have to unwrap the rolls. People like customer wrapped rolls because they can have a very high copper percentage or a large amount of wheat pennies. You can go to banks that have a coin counting machine and ask to buy the bags, which saves them money.
Copperpennies |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 06/21/2008 : 13:33:35
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Bags of pennies are typically $50, while boxes are $25. There are exceptions to the rule of course.
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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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 06/21/2008 : 13:39:51
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Oh yeah, to answer the question more fully, I have found that my Brinks boxes usually contain more wheats and coppers. While the CWR contain more foreign coins, gum, glued or otherwise stuck together pennies, paper, candy, money of other denominations.... Getting bags from banks with their own coin machines is the best way if it is possible for you to get them. Usually all the nasty coins were found by the banks machine and there tends to be a lot of goodies in those loose bags. At least for me.
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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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 06/21/2008 : 19:09:18
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It is best to get a mix of both. The coins from brinks are usually clean and can get thrown straight into the ryedale. The CWR's usually contain nastier coins, and I usually look through and pull those and the stuck together coins out before they get to the ryedale.
The tellers have to break the rolls into the loose bags. Tellers are very appreciative if you take their cwr's off of them before they have to break them into the bags. I have some banks call when they get CWR's in. They would be breaking them into bags if I didnt take them. They say I have saved them a lot of work, and since Americans are lazy.... |
"99% of all lawyers give the rest of them a bad name" 
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 06/21/2008 : 19:19:23
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quote:
Originally posted by copperpennies
The best way to get coins is by the bag if you have a ryedale. This is so you do not have to unwrap the rolls. People like customer wrapped rolls because they can have a very high copper percentage or a large amount of wheat pennies. You can go to banks that have a coin counting machine and ask to buy the bags, which saves them money.
Copperpennies
buying bags sounds like a good strategy. when you say a counting machine, I have never seen this. I guess this would be in the back room or something, right? I bank with a large bank but it might be worth signing up at a community bank if they have their own counting machine in order to get bags. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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jorhyne
Penny Pincher Member
174 Posts |
Posted - 06/21/2008 : 21:32:06
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| A counting machine would be the free coin counters offered in many bank lobbies for their customers to get cash for their change. From what I have heard is that a few banks will sell the bags straight out of these machines, but most just ship them off to brinks as per their contract. |
Pennies For Sale: http://tiny.cc/jorhynespennies |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 06/21/2008 : 21:58:45
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The best coin counters tend to be behind the counter. Usually they are faster. I get loose bags from a small credit union. Just takes some phone calls. Or if you know an employee....
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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knibloe
1000+ Penny Miser Member
USA
1066 Posts |
Posted - 06/23/2008 : 14:45:18
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quote:
Originally posted by NotABigDeal
Bags of pennies are typically $50, while boxes are $25. There are exceptions to the rule of course.
Deal
I found a nice exception the other day. The counting machine broke and the bank had a $100 bag. I got that and 2 $50 bags. |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 06/23/2008 : 20:22:55
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quote:
Originally posted by knibloe
quote:
Originally posted by NotABigDeal
Bags of pennies are typically $50, while boxes are $25. There are exceptions to the rule of course.
Deal
I found a nice exception the other day. The counting machine broke and the bank had a $100 bag. I got that and 2 $50 bags.
Actually funny you mention that. I get bags from my girlfriends moms work, (credit union). I guess a new teller forgot to set the count or whatever and my latest bag is $62.50. Never had that happen before. That $100 bag must have been dangerously full, not to mention heavy!
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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jadedragon
Administrator
Canada
3788 Posts |
Posted - 06/23/2008 : 23:30:09
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quote:
Originally posted by moboman
It is best to get a mix of both. The coins from brinks are usually clean and can get thrown straight into the ryedale. The CWR's usually contain nastier coins, and I usually look through and pull those and the stuck together coins out before they get to the ryedale.
The tellers have to break the rolls into the loose bags. Tellers are very appreciative if you take their cwr's off of them before they have to break them into the bags. I have some banks call when they get CWR's in. They would be breaking them into bags if I didnt take them. They say I have saved them a lot of work, and since Americans are lazy....
Here in BC I have yet to find any bagged coin. I've heard of tellers rolling up coin by hand, every bank requires rolled coin for deposit. I would be really happy to find a way to work with bagged coin. |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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knibloe
1000+ Penny Miser Member
USA
1066 Posts |
Posted - 06/24/2008 : 21:39:25
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Actually funny you mention that. I get bags from my girlfriends moms work, (credit union). I guess a new teller forgot to set the count or whatever and my latest bag is $62.50. Never had that happen before. That $100 bag must have been dangerously full, not to mention heavy!
Deal
[/quote]
59.2 pounds. It was so heavy, it made me worry that the others were not under work. I weighed all three when I got home. |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 06/25/2008 : 06:24:37
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I wonder what the splitting weight is for those bags....
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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knibloe
1000+ Penny Miser Member
USA
1066 Posts |
Posted - 06/25/2008 : 10:30:48
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quote:
Originally posted by NotABigDeal
I wonder what the splitting weight is for those bags....
Deal
I didn't take any chances. I carried it two handed, instead of by the handles. Does 59.2# sound right for $100 in pennies? |
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Topic |
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What is the best form to get pennies?
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