Remember the 2017P cent?

Yes, I have those Mint Commemorative rolls.

I'm still wondering WHO "shrink-wraps" rolled coin? Locally, Loomis and Wells Fargo supply paper-wrapped rolls. And the damn banks that get them are too snobby to sell them to non-members!

I know the Mint does not and that bins of coins are shipped to Federal Reserves for wrapping but that stuff leaves in paper rolls.

The strikes I have are wayyyyy better than any business strikes I get from "P". I have an entire roll of cents with only the TINYEST hint of bag marks and REAL luster. Almost like they were un-polished proof coins; MS-69/70 'ish'.

WHO does the shrink-wrapping? TY

 

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I did not, thank you.

 

Hi Briana. If I've never officialy said welcome, Welcome! It's nice to be able to get rolls in this pandemic! I still save my 2017 P's. In regards to the question about the way the material the rolls are wrapped in, no, there would be nothing that would set them apart. It is solely the decision of the company who wraps them as to what they use. I know here in my area, we have paper rolls, not plastic shrink wrap. I get N.F. String & Son's and Loomis rolls. They are both paper wrappers and I get them equally between the different banks I use. The "Fed" or the mint (as I said earlier I think you were referring to) does not wrap coins intended for circulation. The photo that Pckin & Grinin shared above is how they upsell those same uncirculated coins that you get to collectors. They have done it in most denominations I think but they do not wrap them to send to banks. The Philadelphia mint is not known for very strong business strikes, you are correct. If you do come across them, they are worth putting in a folder or a 2X2 to keep. It can also be draining to go through a whole box of brand new cents. I haven't done it in a while but I usually take on the task. I know most people will go through a few and return them to the bank. The location of your die cracks that you found is notoriuous for the shield cent. If you have a very large die crack then it would be interesting to see!
In regards to how many rolls I would save, well that's up to you. I try to hang on to as many as I can that makes sense to do so. What you collect and how many is the great thing about the hobby. You do as you please and what makes you happy. I would personally say hang on to whatever you have left. You can keep a couple rolls, give a few out to new collectors in a club (if you belong), whatever makes you happy. I hope this helps and thanks for sharing!

 

Also, I asked how many rolls of the BU 2017P cents you would all save? I have 14 rolls left.

 

If you're saving them to make a profit, I would say turn them back in. You would probably only get a small increase in value over time. If you're a hoarder of coins like some of us are, save them all! He who dies with the most rolls wins!

 

WHO does the shrink-wrapping? TY



From what I can find, this used to be the way coins were rolled and they ended up being mostly fazed out.
The reason for the clear plastic was there had been a lot of fraud, IE all thread and fillers to make the paper roll seem full of coins when in reality there were only coins on the ends.
Also, I believe Garda and brinks will do this every once in a while to this day.

 

Can not answer your question about who rolls with plastic, but I saved one roll of 2017P cents. No need to be greedy.

 

Sorry, Brina, I too have no clue to who shrink-wraps.

But my wife of 48 years bought me two rolls (at a moderate premium) in June of ‘17, I put them all in 2x2s to avoid any risk of roll damage. I think 2 rolls-worth is not too greedy @Jersey magic man ...now I need to check them all for the DDO! @Pickin and Grinin

Leaving them in rolls for storage is safe enough, until you have to move them. The obverse and reverse will rub together with vibration and ruin the center area (cheek) with frequent movement.

My military service required many moves over the years and two 1969-S rolls suffered this type of damage. When I retired in 2011 I discovered the damage when I began cataloging my collection. To this day only spenders go in paper rolls...Spark

 

You-hoo, is anybody paying attention to her thread, SHRINK WRAP, duh...

 

I will pick up a box of coins from the bank from time to time. Slowly go through. Slowly return.

In 2017 I picked up a box of cents. $25 worth of 2017P's (I didn't know until I opened the box). I set aside the box as coins that I will hang on to. As someone already said "He who dies with the most wrapped coins wins".

Joking aside, I honestly do not know what I will do with them. I don't have a plan for them. But maybe, one day, I will go through them all. Or sell them. Or give them away. At this point I see them as a novelty. Maybe only ever worth $25.

I was on vacation with my wife years ago. We met a recently retired couple. We asked them what they were doing with their time in retirement. Their answer was along the lines of "remember all those things you set aside in life because you were too busy or didn't want to deal with them at the time, we're doing those things".

My retirement is full of my hobbies. And yard work.

 

Are you annoyed?

 

Perhaps. People DO like to ramble.
I still am unaware who does the shrink-wrapping. I see rolls in stores' coin drawers all the time.

 

All's I got's to say is spend your money wisely.

 

I don't know for sure but it may be some of the armored transportation services that put them in plastic rolls. Places I've worked have plastic and paper from the same service. Have you asked at your local bank?

 

I am pretty sure that I was distracted, this was meant for another thread.

 

Now you got me mighty curious, @Brina. Where are you? Oh, some folks identify location so I'll check before continuing . . . Nope. I'm out on the Left Coast, the seriously Left Coast - San Francisco Bay area - near Berkeley.

I can say that I have never seen rolls with that shrink-wrap. The stores I frequent, to the best of my recollection, have paper rolled coins. Yes, I look when the drawer opens; I cannot help myself.

The one bank (Bank of America - I visit two different branches) I can obtain rolls of coins from have had exclusively paper rolled coins; at least, they've only provided me with paper rolled coins. Generally speaking, and to the best of my limited memory, other than coins obviously rolled by hand, the rolls I've obtained anywhere in this area that appear to have come directly from the Mint (I know, not wrapped by the Mint) are tightly wrapped in paper with "N.F. STRING & SON, INC./HARRISBURG, PA., U.S.A." on them.

Sorry if I rambled any. Have a terrific weekend!
David

 

What does "no need to be greedy" mean?

 

I just meant that since I doubt these will never be much value in the future there is no need to hoard rolls and rolls of these cents.

 

I agree that these will likely never go up in value very much, if at all, in the near future. Things that appear rare in their day tend to get hoarded and so numerous nice examples remain and then collectors don't have any trouble obtaining them, which tends to keep the value low. If you're hoarding them, chances are that others are, too. Still, putting away a roll or two doesn't hurt, but they likely won't allow you to retire in obscene luxury, either.

 

I won't get rich? DAMN!

I save interesting uncirc. rolls as I receive them. I need to move them around on a hand truck, ha ha!