Roll-searchers, post your results!

Did my first ever mini roll search today... there is nothing exciting about 6 rolls of pennies... Got a 1951 wheatie that I already had :headbang: :yawning:...

Mike B

 

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Help??

I rec a box of halves and asked about ordering another and suposedly the delevery company told the bank what I was doing was illegal!!! and they will not bring me any more.
WTF I told the lady I was putting together sets of the best ones I could find for the grand kids.lol But whats illegal about that.??

And whats with all these extra dates you guys look for as in :

1987P (brilliant luster on this coin...AU)
2001P, 2003D, 2004D, 2006D, 2006P, 2007D, 2007P whats up with these coins?
THANKS


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Absolutely nothing. The delivery company is just whining. Ask your bank to cite the law prohibiting you from doing what you're doing.

Now, granted...the delivery company or bank may have a POLICY against it...which is their right, of course. if that's the case..change banks.

These coins were not issued for circulation, and were issued only in mint sets, souvenir sets, or the like. They ARE business strike coins (struck as common circulation coins would have been, in other words not proof strikes) but the fed never put them into circulation, simply because there was an overabundance of halves already out there, due to them not circulating well to begin with.

As a result, of course, these coins (when one is trying to complete a set) bring a small premium. If you can find one in a circulating roll, if it's in good condition, you might find a buyer for it a slightly over face value, if you're into that sort of effort.

http://en.wikipedia.org/wiki/Kennedy_half_dollar has more if you're curious.


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Thank you gboulton.
Here I have been searching for silver and did happen to find a bicentennial S and said Jack Pot,lol
Now I am gonna have to research the coins I guess. Ha Ha. It sure beats watching TV, And I am gonna tell them at the Credit union that the brown creme colored truck is wrong. I just am not sure if the manager at the bank is jealous or thinks I am doing something wrong or if the Loomis or who ever is actually *****ing. But I will find out!!!

 

Can anyone tell me what this is? I got a roll of 1958-P Lincoln Wheats, and I found one that has what appears to be a well stamped "L" or the number "1" on the rim, right next to the date. Its clearly not a scratch, but could have been stamped by someone else after the mint process. I have no idea. Anyone else ever seen this or know what the heck it is? http://www.freepicturehosting.com/is.php?i=746175&img=1958_with_L_on_.jpg

 

Bicen S is a nice find! San Fran issued a clad (normal composition) proof AND a silver proof that year. Either is a nice spot to fill if you're putting togther a set, and not common to find in circulating rolls.

As for the bank and Loomis...here's the thing:

Remember that, in general, it costs the bank money to move coins in and out. Depending on the bank, its source for coins, etc, a branch may pay premiums above face value for coins, or delivery charges, or storage charges. Loomis as well may well be paying THEIR source a premium based on weight, dollar amount, etc, which they may well pass on to the bank.

Even those banks with their own centralized change vaults may charge their branches fees for storage, etc.

Point is that while the policies and fees for any given bank/branch may vary, it's highly likely (near certain) that the bank IS absorbing some fees to handle coins.

Largely, this is a cost the bank is willing to absorb for its customers. Bluntly, any customer that handles enough change to represent significant fees is likely QUITE large, and thus quite profitable for the bank. The casual individual, on the other hand, simply doesn't move that much change around that often..what, maybe cashing in the piggy bank once a year? So, the fees simply aren't high enough to pass along.

The problem comes with folks like us. We really aren't likely to be that profitable to the bank over the long term...and yet we're costing them significant delivery, storage, and handling fees by moving large amounts of coinage around.

So...you get some guy at a branch who doesn't want to say "look...you're a customer but we won't service you in this manner any more" but also doesn't want to incur the costs any more. So..he makes up some story about "Oh, Loomis said you're breaking the law!" hoping you'll simply stop.

 

Yep it is a silver 1976 while searching for the 64 and late 60's coins I pulled a silver looking coin from my hand and turned it over thinking it looked like a 64 and low and behold my first S mint mark coin. And I had to look it up to see why it looked silver. lol and thats how I rec the bicen coin.

I looked up the deal on wikipedia and is it to my understanding that all those newer halves I spoke of would stand out to be silver Correct??? 2001P, 2003D, 2004D, 2006D, 2006P, 2007D, 2007P


And Yes for the loomis thing that is exactly my thought the bank manager blamming the delevery guy for her own ignorance or thinking she is loosing money. Its a credit union I have been a member for 28 years, Now I may have to rethink about using them.
THANK YOU

 

No..all those coins are normal clad composition, business strike. There's noting "special" about them at all, other than the fact they were never released into circulation. They were issued in uncirculated sets of various types for collectors.

Ya know...I doubt she's "ignorant" really...she probably really IS "losing money". As mentioned, chances are pretty high that she's paying some fees somewhere to put boxes of half dollars in your hands. Delivery, or maybe a premium on the coins themselves, or storage, or something.

The good news is that as a local credit union branch, with whom you have a long relationship, there's probably a real human being somewhere you can sit down and have a cup of coffee and a chat with.

Just sit down with her and say "Look...there's absolutely nothing illegal about what I'm doing. You know this, and I know this. Now...I understand this may be costing you some money. I've been here for nearly 3 decades, and would really like to stay here and keep our relationship a pleasant and rewarding one for both of us. Would you be willing to explain what fees and charges you're paying for me to be able to do this, so maybe we can work something out?"

Who knows...maybe she'll let it go if you'll limit your searching to X boxes per month. Or maybe her fee comes on the storage side, which means she'll be happy to order boxes, but doesn't want them back (find a dump bank or 6). Maybe she'll agree to keep ordering boxes for a small fee...in which case, do as many of us here do, and keep a spreadsheet of your finds, so you know what fees you can pay and still expect to come out ahead. Or heck, maybe she's got a boss somewhere who's more reasonable with a long time customer.

The bottom line on all this, for me at least, has been to understand that what we do DOES "cost the bank money" in some form or fashion. If you know that going in, and are willing to understand why banks may be reluctant to serve us, you can usually work something out.

 

Thank's gboulton

gboulton,
Thank you very much for your time now I understand alot more than I did 24hrs ago.

 

*heh*

No worries. Hope you have some good finds!

 

out of 350$ loose & CWR:

1989 proof
5 40%, including a '76 circulated

 

The one thing that IS special is the mintage numbers on these newer halves compared to years prior. You go from an average of 20 million a year down to 2 million. That's one of the reasons why I hold onto them.

1994 P - 23,718,000
1994 D - 23,828,110
1995 P - 26,496,000
1995 D - 26,288,000
1996 P - 24,442,000
1996 D - 24,744,000
1997 P - 20,882,000
1997 D - 19,876,000
1998 P - 15,646,000
1998 D - 15,064,000
1999 P - 8,900,000
1999 D - 10,682,000
2000 P - 22,600,000
2000 D - 19,466,000
2001 P - 21,200,000
2001 D - 19,504,000
2002 P - 3,100,000
2002 D - 2,500,000
2003 P - 2,500,000
2003 D - 2,500,000
2004 P - 2,900,000
2004 D - 2,900,000
2005 P - 3,800,000
2005 D - 3,500,000
2006 P - 2,400,000
2006 D - 2,000,000
2007 P - 2,400,000
2007 D - 2,400,000
2008 P - 1,700,000
2008 D - 1,700,000
2009 P - 1,900,000
2009 D - 1,900,000

 

You make a good point, Moonshine. I hold on to them as well, for the same reason(s)

 

The "L" is a PMD mark. I believe something struck the coin after minting making the impression.
I could have been another coin or piece of machinery, but either way I don't believe it to be a die variety or error. However, you can send a Pic to CONECA to see what they think.

Are you trading any of them ? lol

 

I stopped by 6 banks yesterday looking for half dollars. I found a total of 2 coins (both clad). So, I broke down and got a box from one of my normal banks and predictably, I got skunked.

 

Sure, here are some pic links.

 

Well...this was one of the "stranger" boxes I've seen.

$500 BWR box was almost a bust on silver...just a single 1967 40%-er

But there was also an 82-P No FG...just a dead blank, completely smooth field...not even a trace of an outline.

And then...QUITE oddly....1 1912 UK Farthing

*shrug*

Never know what you'll find, I guess.

 

What would a 1972 D that looks like a 40% or higher silver?
HMMM I bought a box @ the local bank tonight think I may try to wait for sun night to go through while I wait for no tricker treaters to come. Maybe I get the trick or maybe the treat. lol But anyhoo I also got 2 rolls and in one roll I pulled a 72D out that looked like more silver around the edge than most, And Idea's?

 

there is no silver in the 1972-d half. none. the copper core may not show as much on your coin when compared to other 1972-d coins.

 

buckmaster,

First, swish is correct, obviously. It's not silver. You'll find that JUST looking at edges can sometimes be misleading.

Generally speaking, to the best of my knowledge, you can use the following guidelines :

1970 or earlier is silver, of various compositions.

AFTER 1970, any silver half will bear an S mint mark. This does NOT mean any S mint mark is silver, but P and D mints did not issue any silver halves.

Second, as a roll searcher, you'll be well served to handle a few silver coins for a while, and get a "feel" for them. Grab a handful of plain ole halves, and then mix in 1-2 known silver halves (say, a 67 and a 68). Jiggle them around, waterfall them, flip them with your thumbnail, spin them, shuffle them, look at the edges of the stack, look at the faces.

You'll find that silver halves are NOTABLY different in almost every regard. They sound a BUNCH different, their luster and color are different, even their weight is different. With just a little practice, you'll find yourself able to pull silver out of a roll with just a glance and a keen ear.