Roll-searchers, post your results!

? about The Fed

Hi Guy's,
I have a ? I went to my regular large credit union last week and asked for Halves they said someone came in and cleaned them out the week before.$150.00 And told them They were searching for 65 -70's silver to make money on, and some times would dump them before they even left the bank!!!!! Now I have been roll searching for about 5 years now and Really have never gave a direct answer like that when ASKED. So I asked for them to order me a case or 2. They said NO we Cant anymore. And would not help me.
So I stewed about it all weekend So I was going to get to the bottom of this and went to a smaller branch today and the manager said they switched from Loomis to the FED. And no more $500.00 cases. But she would check for me to see why I could not order. She called me and said Yes I ordered you $1,000.00 That was the lowest she could order. I said than You very much.

Is there a dif between what I have been getting the 50 fed wrapped rolls from Loomis, And What I will be getting from the Fed? Did I screw up ordering them?
Please help guys. THANKS JON

 

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They made a little over 500 million of them

 

Saw a silver quarter on the end of the roll at work today and bought the roll, Just 1 1942 P quarter but I'll take all the 90% silver I can get for face!

 

Yeah so that's why I have trouble believing it's a key date

 

I dont know the difference, but all i have been able to get are the $500 boxes that my bank says come from the fed and after about $2000 worth I have yet to find any silver. Maybe you will have better luck than me though.

 

My son and I bought $20 worth of half dollars off of a teller about a month ago that ended up netting us $180 at the local coin shop. We kept the 64-70s we did not have in our Dansco and then traded in the rest to get us some new books and some good quality coins. All of the rolls the silver was in were hand rolled. We have not had much look with the FED rolled coins but have found that due to the economy people will come in and pay bills with rolls of halves they have had forever. We always get excited when a teller brings out hand rolled halves!

 

11 cwr's of halves... one 64 and a 74s clad proof that's beat.

 

They'll pay for each coin individually. It's not like you'll be turned down for trying to sell one half dollar, or three silver quarters or something. Remember, you'll be getting under spot for it.

 

But the more you sell, the more you'll get in relation to spot. They might pay you, say 20x for a single half, 26x for a roll, 27x for three rolls, and so on.

 

When you use the term ' TD Bank " what does that mean?

 

On a whim, stopped at a bank on the way home and bought 5 rolls of halves. Scored a 1969. My 3 month streak of half dollar skunks is over!

"I'm back baby!" (George Constanza voice)

 

godlike, there is a bank called "TD Bank".

Got 2 boxes of dimes and 2 boxes of nickels today.
Dime Box 1 : 1 silver roosevelt, 1 mercury (my first mercury)
Dime Box 2 : 1 silver roosevelt
Nickel Box 1 : 2 canadian, 27 pre-'60, 2 silver war nickels (my first silver war nickels)
Nickel Box 2 : Haven't done yet.
The box of nickels I went through sucked because every decent condition coin that I normally would have set aside to compare to my album all had absurd bag marks, which obviously ruined them.

 

Nickel Box 1 - Lots more pre 60 nickels (seriously, if anyone needs any to finish their jeff collections, PM ME!!!) and a Dateless Buff with a mintmark... I wish I knew the date. And a 1945 P War Nick

Nickel Box 2 - 1906 V Nickel!!! Earliest dated coin found in circulation for me.

 

Box of Nickels, 2 war, no buffs.

 

I've lurked and read this thread for months now... it's amusing figuring out who's truthful and who's full of #(&^%#$... I just can't believe how people dump at these banks, even to the point of changing out bags. I'm not posting to debate what's "right" or "wrong" but the banks in my area would tell me to go fly a kite.. (no matter how many donuts I brought) I hope those that dump realize how fortunate they are to have institutions willing to devote the resources to support this 'hobby'

 

Originally Posted by bradarv90
I did no roll searching today. However, I searched some of my pocket change and found a 1986D Washington quarter. Now I could have sworn this was a key date. Am I wrong?


Originally Posted by WRSiegel
They made a little over 500 million of them

Originally Posted by bradarv90
Yeah so that's why I have trouble believing it's a key date




It can't be because of the mintages of each (536 million P vs 361 million D) or even because there were only 2/3 as many D's as P's. The P's are not valued (or key) in MS 63 or MS 65. I would think if it was related to number minted only, then the very low proofs would be more valued than they are. Basically, I am thinking, though I have no validity on this idea to offer, that perhaps the D mint strikes were of such (low, comparatively) quality overall (for Circulation/Business Strikes) that even the strikes that came out were unable to support, for very long, a MS63 or MS65 designation. In other words, perhaps the way they were struck that year at that mint doesn't allow those coins to be "handled" without significant wear almost immediately. I would suppose if that is the reason, then maybe the Mount Hood D Mintmarked coins will have a premium in MS63 or MS65 or that the 2010 and 2011 Lincoln cents will follow suit, because most if not all of the ones I've seen have such a low, indistinct looking profile compared to the previous coinage for those that I cannot seem to find much decent to save in rolls.

This is only supposition on my part, but is predicated on the fact that if someone can determine (relatively) the percentage of coins minted that will be able to retain a MS 63 or MS65, and that that number will be low so there is a good chance that few people getting the coins will have that, then it would then command a premium.

Please correct me if I am wrong or if someone has a different idea on why some of the 1980's quarters have a higher "value" in MS 65 condition than most of the series. I do look forward to hearing why.

 

Merc I love it!!

 

Sure sound like you're hating on those of us that move through thousands per week, mostly due to those wonderful counting machines.You know what they say, don't hate the player, hate the game.

 

Good Banks Want Your Business

There are two basic methods of dumping coins I have. I have one bank that has a coin machine that used to be free for all, but recently, they changed it to free only for their customers. I immediately BECAME A CUSTOMER by opening two accounts there and have been keeping the accounts up by generally "depositing" the value of the coins I put in the machine into my accounts, or at least some of it. This, in their eyes makes a valuable customer, and in fact if they had not had the machine and I had not heard of them having it, I may never have stepped foot into their bank.

I try not to dump so much at one time as to have them have to change out bags while I'm there, and except for an occasional roll or coin I buy there, I can order the lower coin denominations through them in boxes if I want. I don't do too much of that because I don't want to alienate them, and I can get my boxes at my primary bank where I've been a good customer for years and they are good to me (as opposed to other banks I've "quit" being a customer at because of horrible customer service, etc.). I also don't have a business account, but find they like it if I go to the merchant window, and since they are a major bank that provides local businesses with coins, I usually take in my rolled searched quarters to give them. They like this because they have to provide a lot of quarters to businesses in the area. I also have a credit union and another bank where I don't dump coins, but go in to get rolls of coins from.

All the banks I've gone to occasionally tell me (in various branches), essentially that one or two guys come in for the halves or other rolls, and so they can't give it to me. Weird, but I let it slide and go to another branch if they're adamant. It's too hard for some tellers to believe that more than one person in an area is doing this, I guess.


Now, as far as banks "supporting" our hobby. Not in my view. I see this as a way to keep customers who have the resources to do this. Banks take your deposits and earn interest on them. The cost of maintaining a coin machine is small compared to getting X number of valued customers who will REMAIN your customers, and perhaps do loans through your bank, etc. in the future. Also if there's no coin machine and they are accepting coins (CRW) without a hassle, one or several roll searchers aren't going to take up so much of the bank personnel's time as to be a true bother to the bank.

The hardest part right now is getting the rolls of halves to look through, or Ikes. Others are easier.