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theo
Penny Hoarding Member
USA
588 Posts |
 Posted - 03/03/2009 : 19:28:36
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Well, I'm hooked; I'm buying boxes of pennies now. I wish someone had warned me how heavy they are. I almost dropped the first one on my foot!
On to my problem. My most recent box had about 17 rolls of newly minted zincs. I'll probably keep them since they are already rolled and possibly in BU condition. Anyway, I have two questions:
1. How often does this happen?
2. How can I avoid getting these types of boxes in the future?
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fb101
Administrator
USA
2856 Posts |
Posted - 03/03/2009 : 19:33:40
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1) often enough
2) can't
3) Don't get down, they're getting a big price for them on ebay if they're '09s |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
 Posted - 03/03/2009 : 19:53:00
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quote:
Originally posted by fb101
1) often enough
2) can't
3) Don't get down, they're getting a big price for them on ebay if they're '09s
Ditto.
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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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 03/03/2009 : 20:00:40
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Only way to try to avoid getting lots of new pennies is ask for bags instead of rolls.
Yes, if the new pennies you are taking about are 09's they are going for quite the premium on ebay right now |
Copper Penny Investing
www.portlandmint.com |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 03/03/2009 : 20:04:15
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highroller4321 hit the nail on the head. Bags, if you can get them, are the way to go. No time wasted opening all the rolls, and you can get all kinds of goodies in them.
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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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 03/03/2009 : 20:17:45
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quote:
Originally posted by NotABigDeal
highroller4321 hit the nail on the head. Bags, if you can get them, are the way to go. No time wasted opening all the rolls, and you can get all kinds of goodies in them.
Deal
Yes, I have found that bags offer much better stuff than rolls. This is just my experince though |
Copper Penny Investing
www.portlandmint.com |
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NDFARMER
1000+ Penny Miser Member
USA
1197 Posts |
Posted - 03/03/2009 : 21:24:28
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| I wish I was getting 09'S I would take all I could get until they are no longer bringing a premium. |
COPPER - the "poormans" precious metal!!!
SELLING - $100.00 face copper shipped to you for $189.00 machine rolled or bagged - PM me if your interested. |
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theo
Penny Hoarding Member
USA
588 Posts |
Posted - 03/03/2009 : 23:21:20
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I checked the rolls I've opened; and they seem to be mostly 2008s. They are all shiny with few, if any, flaws. I can't check them without breaking the wrap open; as the coins are machine wrapped (without folds on either end).
Anyway, how many pennies are in a bag? $25? $50? Would most bank branches carry them? Thanks.
Thanks for the incite. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 03/04/2009 : 00:29:43
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1) It doesn't happen often enough.. especially if the new coins are selling for a significant premium. If you really want shiny new pennies, you can't get them. Once the market price of the new coins gets down to almost nothing.. then it will happen a lot more often than you might like.
2) Other than getting them in bags, which can be difficult to impossible in some areas, you can source your pennies at several different banks. You will quickly discover which banks are provided coins by coin servicers that primarily use circulated pennies and almost never have BU rolls.
I wish I could get those $50 bags, but since no banks in my area have machines, there are no bags to get.  |
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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Tourney64
1000+ Penny Miser Member
USA
1035 Posts |
Posted - 03/04/2009 : 04:06:49
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| Bags are $50. |
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JP_007
Penny Sorter Member
USA
58 Posts |
Posted - 03/04/2009 : 17:54:48
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| As said before, im sure there are plenty of people willing to pay a pretty penny(no pun intended, well maybe haha) on bank wrapped rolls on ebay. Lots of people are buying BU rolls for the years in the whitman folders to make 50 folders of BU coins and selling them for a decent profit...not a bad idea if you have the rolls, but im not sure the premium is worth the hassle. just my 2 cents (wow cant stop with the puns!) |
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Gr33nday43
New Member
Uzbekistan
10 Posts |
Posted - 03/06/2009 : 16:36:15
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| Yeah, I've noticed that I am getting about 1/2 of my boxes of new, rolled, zinc. It's really cut my percentages, and I have to order say $100 at a time instead of $50 to get the same number of rolls. |
Edited by - Gr33nday43 on 03/06/2009 16:40:44 |
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just carl
Penny Hoarding Member
USA
601 Posts |
Posted - 03/08/2009 : 10:58:08
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Rolls have, as a general rule, been well looked through, rerolled and taken back to banks. Those $50 bags may well have been sitting in the back of a bank vault for many, many years.
I've seldom found anything of value in rolls. But in those bags, I've found a real lot of valuable coins. |
Carl |
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I'm getting newly minted zinc rolls.
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