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ImperialFleet
Penny Pincher Member
USA
217 Posts |
 Posted - 05/22/2006 : 19:01:56
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Has anyone found it better to buy rolls of pennies or $25 boxes of rolls? Obviously you could get bad luck and buy a box fresh from the mint, but how often is that going to happen if you live over 600mi from either mint?
Just curious, as I am getting more serious about the my hoarding.
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22 Posts |
Posted - 05/22/2006 : 20:27:47
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| Well, it depends. Boxes are nice if you want to hoard alot. But you typically don't get as many coppers (today I got about 19% from two boxes). Rolls do have more coppers, but they are harder to get and you can't get as many of them. |
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realcent
Forum Admin
USA
246 Posts |
Posted - 05/22/2006 : 21:00:36
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I usually get boxes, but like you said you do run the risk of getting new pennies. I don't know if it matters how near the mint you live, but I am only a half hour south of Philly, and I have been getting 2006 new pennies in my boxes lately. That can be irritating, to say the least.
I do like asking for rolls brought in by customers, I tend to get more copper out of them.
RealCent
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15 Posts |
Posted - 05/22/2006 : 21:40:16
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The factor I have found to be important is whether it is a roll from someone's home or business, or a coin-machine counted roll. I haven't found individual rolls to be any better than 25$ boxes for pre-82 content, unless of course you get stuck with a box of brand-new 2006 zincs, which happens sometimes. What I do like about the boxes is to re-use them for the pre-82's once I get enough, since they make for good, cheap storage.Since boxes (initially at least) come from machine counters, they tend to be only U.S. or Canadian cents, as I suppose the machine doesn't let the other coins get through. Here in D.C., there are a lot of foreign coins- usually Canadian cents, British pennies, U.S. dimes (quite a few!), Bahamas cents, Barbados cents, Panama centavos, Euro 1 and 2 cents,and other strange items, and these are only found in non-machine rolls.
As far as wheat cents, either machine or hand rolls are about the same for me here: about 1 wheat cent for every 250 cents, on average.
I'm still finding about 23% pre-82s per 100 coins, regardless of if machine or hand rolls.
I must not be livin' right, because I haven't found any Indian Heads, rolls of Wheats, or just all pre-82's, or much of anything particularly valuable.
WASH YOUR HANDS after you handle those coins. They are seriously nasty. You don't know where they came from or who had their paws on them. |
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115 Posts |
Posted - 05/23/2006 : 22:44:13
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I like to buy a mix of boxes and rolls. The one bank that I buy rolls from uses paper rolls that I can reuse. Saves me from buying rolls. I have not gotten a box of new pennies yet. Today I went into the bank I buy the boxes from and they did not have any boxes. I wanted 2 boxes so they gave me 100 rolls in a bag so now I have a nice cloth coin bag to return my zincs in rather than the box I was using before. I also like to reuse the brinks boxes for storage of my sorted pennies. I also belive that you can get more odd coins with the rolls from the banks that roll what comes in from other customers. Although today from the Brinks rolls I got 1 Bahamas cent, 2 Barbados cents, 9 Canadian coppers, 19 wheats, and 1438 59-81s. This was out of 5000 pennies.
A bank is a place where they lend you an umbrella in fair weather and ask for it back when it begins to rain. --- Robert Frost |
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22 Posts |
Posted - 05/24/2006 : 09:23:58
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| I get the occasional canadian cent, have gotten one euro 2 cent piece and that's it. In socal. I have found, though, at least from my limited experience, that there are more wheats in the boxed pennies than in the hand rolled (alot of people collect them and they may take them out). |
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115 Posts |
Posted - 05/24/2006 : 15:11:31
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I went to a local bank at lunch today that I have bought from before. They roll the pennies that they get in rather than order them. I asked for $50.00 worth and the head teller said that that was all that she had rolled at the time and would I take a loose bag instead. I was more than happy to take a loose bag. I got back to work and just had to open it to look. Right on top was a 1905 indian head. I will let you know what else I find after I go through them but it looks good just looking in the bag.
A bank is a place where they lend you an umbrella in fair weather and ask for it back when it begins to rain. --- Robert Frost |
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ImperialFleet
Penny Pincher Member
USA
217 Posts |
Posted - 05/24/2006 : 15:57:17
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| Nice score OK! I asked my bank and they do not roll coinage. They return everything to Brinks and then buy back Brinks rolled coinage. |
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14 Posts |
Posted - 05/24/2006 : 17:25:04
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Nice score IM OK!
I think I am going to check to see if any of the banks around here will sell me bags like that. It would save time having to open all the individual rolls, lol.
Cpt. Jean Luc Ritard |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 05/24/2006 : 18:34:45
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I wonder if Brinks would deliver to individuals? 
Bad money drives out good money. |
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22 Posts |
Posted - 05/24/2006 : 20:09:29
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| i'm pretty sure there would be a hefty fee. Especially if they were just delievering pennies and nickels. |
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115 Posts |
Posted - 05/25/2006 : 00:15:42
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Alright I sorted the bag and found 1 1905 Indian Head, 16 wheats, 11 Canadians, and 1531 59-81s. Still batting over .300 And that does not include 82s. I am realy going to have to sort them one day as I am starting to get quit a few. I can usualy tell the difference but am still going to keep them seperate from the rest.
A bank is a place where they lend you an umbrella in fair weather and ask for it back when it begins to rain. --- Robert Frost |
Edited by - n/a on 05/25/2006 00:17:31 |
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realcent
Forum Admin
USA
246 Posts |
Posted - 05/25/2006 : 09:37:09
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quote:
Originally posted by IM_O.K.
I can usualy tell the difference but am still going to keep them seperate from the rest.
I think keeping them separate from the rest is a good idea even if you can tell the difference. If you end up selling them to either an individual or a scrap yard one day that person may not be able to tell the difference, or won't want to take the time to check each '82 to see if it is copper or zinc. They may be more comfortable grabbing handfuls and seeing that they are all 1981 and earlier. If it turns out they do want the 82's, you can always dump them in with the others.
Also, if the concept of using copper pennies as money with intrinsic value ever comes into play, it may be best to have the 82's separate as well. The general public will probably learn that 81 and earlier are all definitly copper before they figure out how to tell the difference with the 82's.
RealCent
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For more copper cent hoarding information check out:
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 05/25/2006 : 12:32:13
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I was going to ask you guys about the 82s. I have just been putting them in witht the zincs but like the rest of you I can tell by the weight of the coin if it is copper or not.
But you know the story about the "bad penny".
Bad money drives out good money. |
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ImperialFleet
Penny Pincher Member
USA
217 Posts |
Posted - 05/25/2006 : 21:19:33
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I keep my 82's in a separate bag. One day (after I get settled from moving in June) I wil get out my RCBS 5-0-5 balance scale and weigh all of my 82's. The zincs weigh 38.581 grains (2.5g) and the coppers weigh 47.995 grains (3.11g). I'll probably just set the balance scale to around 40 grains. Anything that drops the balance pan to the table is a copper, otherwise the zincs will fail to even make the balance pan drop.
Even after I sort them, I'll still keep them separate for reasons mentioned by realcent.
“Ultimately, the Fed can flood the system by buying any kind of asset, or even dropping bank notes from helicopters" -Fed Chairman Ben Bernanke |
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143 Posts |
Posted - 05/26/2006 : 06:38:12
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what drugs could i take if i find myself addicted to penny/nickel sorting?
teach your kids to sort pennies, and they will not spend your money like crazy |
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ImperialFleet
Penny Pincher Member
USA
217 Posts |
Posted - 05/26/2006 : 16:40:42
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Funny, my wife at first thought I was nuts. Now even she is strategizing places to dump our zincs and helping place orders for more rolls/boxes.
“Ultimately, the Fed can flood the system by buying any kind of asset, or even dropping bank notes from helicopters" -Fed Chairman Ben Bernanke |
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17 Posts |
 Posted - 05/28/2006 : 01:38:33
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Hello everyone!
I find that tellers at the bank look at me like I'm a nutjob 
Where can I find out how much my wheat pennies are worth? |
Edited by - n/a on 05/28/2006 01:40:04 |
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realcent
Forum Admin
USA
246 Posts |
Posted - 05/28/2006 : 05:14:52
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Hi BradNickelson, welcome!
I get the nutjob look from tellers alot too. I usually just try to be polite and friendly, that goes a long way.
About the wheat pennies, if you mean common dates which is what I find in rolls, you could try ebay. People sell batches of wheat pennies all the time. Coin dealers buy them as well, but don't pay as much.
RealCent
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n/a
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14 Posts |
Posted - 10/21/2006 : 11:26:05
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quote:
Originally posted by bradnickelson
Where can I find out how much my wheat pennies are worth?
You must be logged in to see this link.
You must be logged in to see this link.
I don't think either of those are up-to-date, and they conflict with each other. But they do help to give a general idea of which are worth more than others, and therefore which to possibly separate from the pile. |
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pencilvanian
1000+ Penny Miser Member
USA
2209 Posts |
Posted - 10/21/2006 : 12:16:43
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quote:
Originally posted by Tin
quote:
Originally posted by bradnickelson
Where can I find out how much my wheat pennies are worth?
You must be logged in to see this link.
You must be logged in to see this link.
I don't think either of those are up-to-date, and they conflict with each other. But they do help to give a general idea of which are worth more than others, and therefore which to possibly separate from the pile.
I took a look at the two sites. The sammler site is what dealers will pay for cents, while the coins.about site lists what dealers will sell cents for.
Somebody’s making money but it sure as heck aint me. 
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Pennies: Boxes or Rolls?
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