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moboman
1000+ Penny Miser Member
USA
2555 Posts |
 Posted - 10/20/2008 : 19:54:26
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Over the past few weeks, I havent gotten any calls from my banks about cwr's being dropped off.
I had stopped my brinks orders a while back and was doing anywhere from $75-300 per week in CWR. At first the banks called every week with solid ammounts of CWR then things slowed down, and now I havent even gotten any calls in a few weeks.
I've almost sorted my entire Brinks box reserve and it looks like I'll have to start a few more orders again.  (% are very low)
I might also run into problems with a dumpbank here shortly because mine is a smaller branch of a troubled institution. If the bank gets bought out, this branch will close b/c every other bank has a branch nearby, and also if they start closing branches/cutting jobs, this will be one of the first to go. They have already moved most of the good tellers to other branches.
So, I'm assuming its because gas prices have fallen, and people arent trading in their pennies to go an vacation. Is anyone else experiencing this?
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"99% of all lawyers give the rest of them a bad name" 
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 10/20/2008 : 19:57:33
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Boxes and bags only lately. But I haven't done any drive-buys for a while. Running on orders and calls for bags. I'll ask for some this week and see what happens.
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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Bluegill
1000+ Penny Miser Member
USA
1964 Posts |
Posted - 10/20/2008 : 22:01:52
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I've had to scale back to pay for some unexpected expenses. With what sorting I have done, I haven't really noticed a lack in the availabilty of CWR's.
I do know the last few batchs I did had a lower than normal Cu percentage.
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 10/21/2008 : 14:49:23
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Seems like I have been seeing a few less CWR's also. I will have to check with a buddy of mine today who does exclusively CWR and hits up a lot more banks than I do to see what his experience has been lately. Maybe folks in your area have already rolled up all the pennies they have and there are no more.  |
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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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 10/21/2008 : 17:10:23
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quote:
Originally posted by HoardCopperByTheTon
Seems like I have been seeing a few less CWR's also. I will have to check with a buddy of mine today who does exclusively CWR and hits up a lot more banks than I do to see what his experience has been lately. Maybe folks in your area have already rolled up all the pennies they have and there are no more.
That's exactly what I've been doing. I average about 50%. The tellers normally tell me the stories the people tell when they bring them in. Some are rolling them up just for gas, some rolled them up for a vacation, while others had a family member die.
The only problem I have with CWR's is that they are dirtier then Brinks rolls. I can still pick out the filthiest ones and get the smaller amount of CWR through the machine, faster than I can the brink's rolls, capturing about the same amount of copper. |
"99% of all lawyers give the rest of them a bad name"
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misteroman
Administrator
USA
2565 Posts |
Posted - 10/21/2008 : 20:19:18
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| 1 word.COINSTAR!!!!!!! |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 10/21/2008 : 23:53:26
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quote:
Originally posted by misteroman
1 word.COINSTAR!!!!!!!
One of the guys that get's me pennies from a couple of different banks said that he watched a guy dump a 2.5 gallons in pennies into the coinstar machine! One got away. |
"99% of all lawyers give the rest of them a bad name"
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PreservingThePast
1000+ Penny Miser Member
USA
1572 Posts |
Posted - 10/22/2008 : 09:05:46
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I have been pretty much out of commission in my coin searching the past month plus but on Monday (10/20/08) I had to do some monthly banking--bills won't wait regardless of whateverelse is going on in one's life.
While at our local credit union I spied a lot of CWR and at the end of my transactions I asked if I could buy them. The teller told me that they were required to send them to the Fed. but that they had some rolls in plastic that they could sell me. I told her that the plastic rolls hurt my arthritic fingers to get them open and she agreed to sell the CWRs to me since they did not have any account numbers written on them. This is the same C/U that I did accept some plastic rolls awhile back as I was desperate for some pennies but those rolls only had 4 cu pennies in 500 or more pennies.  Interesting!!!
She did have some halves that I could get. None that I needed for my coin project but there was one 1969. That brought a smile to my face.
As to the dirty/clean issue between CWR or those in plastic. I find the CWRs are dirty these days but the pennies that have been in the clear plastic wrappers are much nastier and have some sort of a residue on them that is difficult to wash off my hands. I don't know why this is but I hate to handle any pennies that have been wrapped this way. Besides, it really does hurt my fingers/hands to try to get the pennies out of those plastic wrappers. I have tried all sorts of ways and it is still painful. I hope that is not all we will end up with in the future.
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 10/22/2008 : 16:52:03
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quote:
Originally posted by PreservingThePast
I have been pretty much out of commission in my coin searching the past month plus but on Monday (10/20/08) I had to do some monthly banking--bills won't wait regardless of whateverelse is going on in one's life.
While at our local credit union I spied a lot of CWR and at the end of my transactions I asked if I could buy them. The teller told me that they were required to send them to the Fed. but that they had some rolls in plastic that they could sell me. I told her that the plastic rolls hurt my arthritic fingers to get them open and she agreed to sell the CWRs to me since they did not have any account numbers written on them. This is the same C/U that I did accept some plastic rolls awhile back as I was desperate for some pennies but those rolls only had 4 cu pennies in 500 or more pennies. Interesting!!!
She did have some halves that I could get. None that I needed for my coin project but there was one 1969. That brought a smile to my face.
As to the dirty/clean issue between CWR or those in plastic. I find the CWRs are dirty these days but the pennies that have been in the clear plastic wrappers are much nastier and have some sort of a residue on them that is difficult to wash off my hands. I don't know why this is but I hate to handle any pennies that have been wrapped this way. Besides, it really does hurt my fingers/hands to try to get the pennies out of those plastic wrappers. I have tried all sorts of ways and it is still painful. I hope that is not all we will end up with in the future.
My dad complains about the plastic rolls hurting his hands, and even when he helps me, he wont do the plastic rolls. He'll rip paper rolls all day for me.
I've been given rolls with acct numbers and phone numbers on them before. One credit union by me will not sell the rolls without marking out the account number. The claim the bag belongs to the fed and that the s/n matters b/c I even offered to exchange my bags of searched cents for theirs. |
"99% of all lawyers give the rest of them a bad name"
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n/a
deleted
146 Posts |
Posted - 10/23/2008 : 10:01:35
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I am a low volume hand sorter out in the country (I never buy more than $25 at a time and I don't have anything formal set up like having tellers call me to pick up pennies etc). I am finding that paper wrapped rolls are still plentiful except at what has become my favorite local buy bank (I buy a lot there because it's close and the tellers are so nice)...they now sell me more plastic wrapped pennies from time to time (I may be going through their paper wrapped pennies too quickly LOL) but as I have said before the copper percentages between the two for me aren't all that different.
With plastic wrapped pennies there is a way that I push the pennies out of the plastic wrap one by one and as I see them come out I throw the coppers and keepers in the various keep piles and put zincs/rejects right back into a paper roll for returning (I either recycle rolls or use new flat free ones). I can actually do this sitting in my car if I want to  and have done so when I have to chauffeur people around and wait for them to run errands. In that case I definitely prefer the plastic rolls...I can sort as I go and keep the mess and confusion to a minimum. With paper wrapped pennies it's harder to dispense the pennies in a controlled fashion but you can reuse the paper rolls...I have yet to find a way to unroll plastic wrapped pennies without destroying the wrapper. But if you had arthritis or hand issues I could see where the plastic rolls would be painful and if you're getting less copper from plastic in your area I could see why you don't want them.
It seems like both my paper wrapped and plastic wrapped pennies have an equal percentage of grungy pennies...the only difference I notice is that plastic wrapped rolls have a slightly higher percentage of pennies that look all nicked or scraped up...not sure why that is.
I'm not wild about cleaning up really gunky pennies but if I just cannot date them and I think they're in okay shape underneath the crud I'll clean them unless I can tell they are wheats...those I leave alone. 9 times out of 10 the really obscured pennies are zincs
Where I am there are more bank branches than Coinstar machines so I think people don't mind taking their change to the bank. We have a lot of elderly and retired people living around here so I think they are more than okay with rolling pennies to turn them in...I have never seen a senior citizen using a Coinstar machine (and I notice they've stopped using the sorter in that bank near me that is no longer free to use)... I think most of them are too frugal to sacrifice the 8% Coinstar service fee or get gift cards to stores that are mostly far from where they live, maybe too far to go shop at if they don't drive much.
Come to think of it I think my tiny rural county has far too many bank branches for the number of people here to sustain especially as times worsen and like moboman some of my gas conserving runs (i.e. different bank branches that are close together) may become more expensive...I better get back to sorting! |
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cwgii
Penny Hoarding Member
USA
924 Posts |
Posted - 10/23/2008 : 10:31:08
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my method......
i cut open all rolls with a small pen knife. it slides inbetween coins easily. then i am able to push out the coins a lot easier. i have a 'large' and smaller cottage cheese container tops that i use as my sorting board. as they 'nest' just right. look at the dates, put the other lid on , flip. now look at the others. then.....into the cottage cheese dish. i do 500 into the 1 lb tub. . then dump that into the 2 pound. so my 'remainder' is about 850-880 as my avg at 100k , is 14%. .
boa allows me to bring in 'bags'. unverified, they send it to their 'vault' . it takes 3-5 days to get credited to my acct. but a whale of a lot easier than rerolling.
the limit is 50 pounds. . and since these are 99.44% zinc. yes, i miss one now an then, or the cruds, even if i know they are cu.. i put 7000 or so into the bag. try to max it out. to save those precious bits of plastic. lol
could some one with a scale . verify what 1000 zincs weighs????????????? ty.
charlie |
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No CWR??
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