I am confused and my Redbook isn't helping. From business strike roll searching I have acquired a fair amount (more than 100) S marked Memorial pennies minted in the timeframe 82 - 08. My Redbook strongly implies the only S pennies from that time range are Proof pennies. There are MS values for the other marks, but S marks are only mentioned as PF. If all the S marks are proof coins, why am I seeing so many of them pop in worn condition in business class rolls? Or has Redbook simply decided to make no mention of business class MS pennies from that era with S marks?
All S-mint Lincoln cents from 1982-2008 were proof only coins. I have never found one in circulation and am amazed you have found so many.
Someone in your area is breaking up proof sets and any of the cents with any type of minor flaw goes into circulation. Most of them have such high numbers of graded coins already that you can't even make grading fees back on them now. Actually this can possibly be happening with all types especially the smaller coins.
Well he isn't in my area. These are all from Ebay purchased rolls of mixed years. Okay. That explains it. Someone is buying proof sets (possibly the silver ones?) and spending the pennies. Like I wrote, some of them are well worn and dirty. Not a condition that led me to think of them as proof coins. Hence my puzzlement. Hee hee, Q: what is the value of a 1986 PF30 penny? A: 1 cent.
Okay, following the rule implied by how the Redbook values pennies, MS or PF, and if all of the 82 on penny coins struck at the SF mint were proof coins, when did that exclusivity begin? Was it with the 1976S penny? Because that is the first year I see where Redbook stops speaking of MS state for a penny and only speaks of a PF value. What about other coins? Is it safe to assume anything S marked after '75 was part of a butchered proof set?
1975. San Francisco made both circulation and proof cents from 1968 through 1974, but from 1975 to date ALL S mintmarked cents are proofs.
Why buy rolls of modern cents on ebay? You can get them at the bank for face value. What am I missing here?
LoL. Not only do I buy some, I also have been known to sell searched rolls. Laugh if you want, but they sold. It is all in how you define searched and is the roll only new pennies, or a mix of old and new pennies. If you have ever had 5 or 6 Whitman books with holes in them, you may understand. In truth just last night I added 3 missing Memorial pennies to one book while wading through a cake tin full of mixed. Did I know there are/no, or very few at least, Wheat pennies or Indian Heads in it? Yes. Did I sit down for 5 hours to start sorting the pennies, copper vs non-copper anyway, (1 at a time with a peek through a magnifier at each of them) yes. I have a lot (at least several hundred) hand wrapped rolls I have acquired from multiple sources, auctions, inheritance and yes, Ebay. You shouldn't ignore a roll just because so & so who used to own it said he searched it or only put pennies in it from 1960 on. The easiest way is to simply show you. All these tins (I have more) hold pennies. None of them were put in the pins by me. I acquired these from an elderly woman who for most of her life put pennies in cans. So did her husband. They had a coin collection, but this wasn't it. The open loose can has many, many 1993 pennies in it in new condition. It also has like new and very worn 1959 pennies, and d pennies and s pennies, and a dime or 3, and I noticed today while taking the picture, a 1980s vintage NYC Subway token. The rolls neatly stacked in the square steel box WERE searched by me. 20 years ago. It is possible as soon as I find a roundtuit, they will be searched again. Alternatively I will sell them on Ebay I have already sold more than few of them. Described as mixed with probably no wheat pennies or Indian Head pennies and not touched in 20 years. They sold anyway with no problems. {Express Mail is the way to go when shipping 20 rolls at once in my opinion.} The rolls laying loose? Some (the paper ones) came from the elderly couple. Some (the plastic ones) came from someone else about a year ago. They sold them to me. As you can see there is a mix of new coins and old. I concur that (at least in the roll second from the right) probably almost all of them are newer coins. Not necessarily so with the rolls mixing dark with shiny pennies. From these plastic rolls I have recovered two 1970 S pennies and some 80s and 90s S marked pennies as described and many 59 and 60s era coins. I enjoy sorting such hand wrapped rolls. They will go in 3 bins, collecitble, the coinstar pail, and the copper pail. What will I do with the copper pails? Dunno yet.
BTW each of the lidded cans has about 50 rolls in them. All not searched by me, and possibly not really searched, ever. That couple liked silver and gold, not copper. And on the Whitman book, it isn't so much the filling of holes as it is comparing what is already in the book with the penny in your hand and seeing which one would look nicest in the book, then putting that one in the book and binning the one that was in the book. And yes. That is a nickel roll on the left, got a few of those. Some 2005s Jeffersons and just about all the years before that (lots of 64s, I have already sold off on Ebay some rolls I put together of exclusively 1964 nickels).
It sounds as if you've got a definite plan to which I applaud you. My philosophy has always been that a roll has not been searched until "I" search it. Having said that, if I were to start searching cent rolls, I don't think I'd buy them off ebay but instead would prefer to get them at face value from the bank. However, I would buy "uncirculated date rolls" off of eBay without a second thought.
What is the cheapest you can get a roll on ebay? 2 bucks shipped. That is 4 times face. Unless you are getting all wheats and Indians you're paying way to much. 50 cents a roll at the bank. I guess I just don't get it.
I agree you can find customer wrapped rolls of cents all day long at banks and buy them at face. They are technically unsearched unless they're someone's dumps.
Old lady dumps are the best. Something about that last statement just don't sound right........senior citizens unloading a hoard of coins they've been holding on for ages are the best. There, much better.
sir...you keep pennies in a safe? imagine the hilarity when the guy who robs you drags this heavy as heck safe home, dreaming of the riches inside, cracks it, and is staring at $112 in pennies. and i cannot comprehend WHY you BUY change. ever been to a bank?
Don't worry about the why, just know that not only do I do it, but also some people buy it from me too. They even pay the postage on it. Well that small thing was full of silver Morgans, Peace and Liberty coins till a few years ago. Then it became rolls of silver Washington quarters, but I sold most of them. It was indeed locked in those days. LoL, You should have seen it last year, t'was chocked solid with rolls of pennies and nickels. It is just a lockable steel box I picked up somewhere. I would never insult my old Chubb by calling that box a safe. Lock box, sure, but not a safe. Last year and before they would have needed two Arnolds just to pick the box up, much less carry it out the door. But last year it also wasn't locked, so they would have just been stuffing their pockets with as many rolls as the pockets could hold. Course someone woulda probably noticed them and loosed a few slugs in their direction too, once the dog got out of the way. As you say, all for a few rolls of used pennies. LoL
not worried in the slightest, more amused or shocked than anything. sorta like when you are at the mall and you see the guy with the 3ft purple mohawk.
[resume you mean the Chubb. Circa 1965. A tenant went broke, got evicted and the Chubb was part of the settlement. Price was right. New combo.
