Bank Boxes Hot with Errors

Ive been searching rolls and boxes for errors for a few years now. Ive noticed that some boxes can contain 100's of the same error variety. For example, if you buy a bank box of washington dollar coins and you open 2 rolls and find a few MEL's, its pretty much a give in that the rest of the rolls in the box will contain many more MELs. Other boxes can be cold and contain very few errors, or none at all. When I go to a bank and buy a roll or 2, and I find errors, I always go back and buy the rest of the rolls and find more errors. If I dont find any errors, Ill probably still buy them and search them anyway.

I once bought a box of Buchanan dollar coins and found over 100 VERY weak edge lettering errors in the same box. I got a few graded by NGC (about 15 or so). When I found that NGC attributed them, I sent them about 50 of them to grade. All of a sudden they refused to acknowledge the error. NGC lied and tried to tell me that they stopped attributing weak edge lettering years ago. I called them out and said that they just attributed 10 of mine the previous month. With that NGC refunded my money in full and sent me all the Buchanans slabbed and graded, which I of course cracked and opened and sold as weak edge lettering errors..raw. So if you see me slandering NGC in other threads, this is just one of the many reasons why. They have a lot of nerve acknowledging a mint error, but refusing to attribute it because they deem it not significant enough of an error...all of a sudden,,when I submit the errors in bulk. I had to fight with them for a refund. Many cointalkers here swear by NGC and will no doubt defend them here in the forums every time I post negatively about them. Until they screw you like they tried to screw me, you will not understand.

So, back to the hot boxes. Does anybody want to share their stories of how they found one? What errors you found?
I only mentioned the Buchanan's because Ive already sold most of them. I understand many of you dont want the word out that you have 100's of "rare" errors.

 

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What you are describing as "errors" I would call "varieties".

 

I know you don't submit to PCGS because you refuse to pay their high attribution fee, but a similar thing happened with them and the edge lettering a few years back. Early on, they were attributing the edge lettering "face up" and "face down" (to make it simple to understand). Then they did an about face when they realized that the positioning was completely random.

I realize that you're selling these "weak lettering" on FleaBay, and it's my guess that the buyers are bidiots. But hey, if you can convince a 90-year old to buy a life insurance policy that matures in 100 years, then go for it.

But, I am tired of listening to your whining.

Chris

 

Atrributing an error is a little different than a coins edge letter postitioning.
I am not selling these weak edge letterings on fleabay at this moment, but even if I was I do not rip off my customers like you imply. Your analogies have no logic. I do not understand why you feel the need to attack me and my customers. Its pretty rude to do so.
Slam the errors I sell all you want if it makes you feel good. To me every mint error has numismatic value. No matter how minute. Two 1992 d short AM cents just sold for over 20k.

 

Originally Posted by HowardStern

My point is that it is their business, and if they find the need to change their policies, it's their right. If you don't like it, take your business somewhere else.

This sounds a bit hypocritical to me!

Let me explain it so you can understand. You were selling them to people who haven't a clue about the rarity and value of an error.

Oh! So, it's okay for you to slam NGC just because you didn't get your way, and yes, your customers ARE uninformed bidiots.

But, it's okay for you to throw your tantrums on anyone else's thread about errors.

So, you've been collecting errors for a few years, and now you're an expert on errors and the grading process. It's interesting to note that you didn't even bother to respond to my suggestion on SOMEONE ELSE'S thread because you were too busy whining.

Chris​

 

That's common business practice, "policies" as put in the corporate world, are each respective company's. They can amend, modify, delete anything they want and when they want. Sounds very normal and accepting in today's society. Sorry it's not working quite the way you want it to, so it's time to move on.

 

And very minor, and almost insignificant ones at that.

Weak edge lettering? Give me a break.

 

Agreed.

 

I don't know much about errors, but if you profited without ripping people off it sounds like a good find. Congratulations!

 

I once ordered 5 1971-D BU Eisenhowers from an online dealer paying $3.49 per coin back in 2007.

When they arroved, all 5 were the RDV-006 (Friendly Eagles) FS-901.

I quickly ordered 20 more and received about 18 BU RDV-006's.

I then ordered 40 more and again received a fairly significant number of FS-901's.

When the dust had settled, I ended up with close to four complete rolls of 1971-D RDV-006's.
A couple graded MS66 which I have since sold at over $500 each.

Groupings of like varieties is not really uncommon since those varieties are produced from the same die and more often than not, end up in the same lot shipped to the same rolling facility or bank.

I recall speaking to the folks at Tebo Coin in Boulder Colorado and in 1970, one of their founding parners had "bags" of 1972 DDO Lincolns.

"BAGS"!

They were sold for a sizeable profit.

One of the fella's on the PCGS Message boards took the time to get 20 boxes of Washington Dollars when the Missing Edge Letter coins were discovered. He ended up with 11,000 MEL Washington's which were sold for a considerable profit.

Roll searching can be fun when you find something and as boring as all get out when you don't.

 

How did they get 1972 coins in 1970 (over a year before 1972 coins were struck)? :devil:

 

With Fat Fingers............ANYTHING is possible!

 

Lol

 

How do you go to the bank and ask for boxes? Can you please explain how you get your coins from the bank howard? I'm having problems with banks refusing to give me anything except rolls, and 10 dollars MAX! CRAZY BS...

 

It depends on the bank. Some will gladly give you boxes without any questions and some won't for any reason.

 

Can you please explain what RDV-006 and FS-901 is.

 

I'm not personally knowledgeable with the Ikes. I can tell you the FS-901 is the nomenclature for variety professionals Bill Fivas and J.T. Stanton, hence FS. 901 simply is the variety number, in this case it's #1 in the line of similar varieties for that coin. Then there's a 902 for another variety for that same year and MM, 903 for another, and so on. RDV probably refers to Reverse Die Variety, or the Type 2 designation. 19Lyds can probably clarify on that.

 

Most banks will give you a box if you have an account. Some banks dont want to be bothered. TD Bank always has cent boxes in stock. If they dont have them try to order some. Yesterday I asked a teller if I can order a 1 or 2 boxes a week. She said to just come in, theres no need for an order. A lot of banks are reluctant to provide customers with half dollar boxes, and loose ike dollars. I was just at a branch and seen a stack of silver quarters and halves. I asked the teller for them and was told that they were "holding on to them". This wasnt the first time this happened. One time a teller told me that they were saving all ikes for another customer.

 

Can I get bank boxes at any normal bank like Bank of America? If so, do they make bank boxes with just pennies?

Thanks for the reply Howard

 

Yeah they make bank boxes with all circulated coins. And when the bank orders their coin from the feds, it all comes in boxes so every bank has boxes of coins. Now if they are willing to give it to their customers is the big question. Most banks wont have a problem some banks might charge you a fee per box. I know most U.S Banks and wells fargo's do not charge for boxes at least where i live.



Pennnies come in $25 boxes
Nickels come in $100 boxes
Dimes come in $250 boxes
Quarters come in $500 boxes
Halves come in $500 boxes
and dollar coins come in $1,000 boxes