First off, no such thing as junk coins. Second, I just take them back to the bank and get more rolls.
That's a bit confusing... I assumed everyone took them back to the bank for more coins? Does anyone keep all the pennies they search? They must have plenty of extra money of they do...
I usually put them aside, and wait untill I have accumulated about $100 worth of coins, then I take them back and get paper money. Its like an extra payday. Also, I'm throwing all 1964's in a pile, trying to take as many out of circulation as possible, to help out my fellow roll searchers.
Don't drive too far out of your way. Federal Reserve Districts are quite large. So are the route for Cash Handling Service Companies. You'll do better to figure out which banks use which Cash Handling Services (Brinks, Dunbar, Guarda, US Armor, etc...) and focus on returning the coins to banks that use two different services. You may still get your coins back, but at least the Federal Reserve was involved in that happening. That's the best you can hope for.
I usually buy coins by the bag from a bank. I also attempt to get them from older looking banks and return to the more modern ones. Not sure if it makes a difference, but at one really older looking bank, used ot be a savings and loan, they said they keep bags of coins in their vault for long period of time. At the local, newer banks in my area, they said the coin turnover is to extensive to maintain large amounts of coins so they send them out. Not sure what they ment by sending them out but so far this method has not produced much in the last few years anyway. Oddly enough out of a $50 bag of cents I usually return $50 to the bank lately.
many banks won't even take rolled coins in my area anymore. I opened an account with a bank that has the coin counting machine in the lobby. Just bring in a bucketfull and dump them in the machine. I actually had about $200 in rolled coin. they wanted nothing to do with it. I had to crack them all open and feed them to the machine! Ziggy
i spend them a penny at atime. but looks liek my coin collecting days for 2007 will be very limited. i am now looking forward to the 2008 season
Same here i buy them from one bank and return them to another bank. and as for what i keep i usually keep all the pennies before 1982. and everything else before 1980, and low mintages, unless the are in bad shape. then the rest i save up and take in at the end of each month.
Cash Handling Companies like Brinks, Guarda, Dunbar, etc... serve many different banks. I make sure the banks I'm buying from don't use the same service as the bank I'm bringing the coin to. It's still very possible to get the same coins back as I have before, but you add an additional step of complexity. My point is that just using different banks doesn't guarantee that you aren't getting your same coins back.
I buy nickels from one bank and return them to another, but buy different coins from that bank and return them to the first. I have rarely gotten back rolls that I've already been through, and when I did, it was when I didn't follow the above rule.
I return them to the bank loose in a canvas mint bag, usually to the bank that got them for me. The bank runs them through a counter, bags them, and they are picked up by an armored car service and taken to their facility. They are re-rolled, boxed, and made available once again. The same service serves several banks in my town, so I have gotten the same coins over again. By the way, for all of you new roll searchers, check with your bank first. When I opened my account with my current bank I'd never been to a bank that accepted loose coins. Every bank I'd done business with expected me to roll the coins and write my account number on the rolls. So, thinking my new bank wouldn't be any different, I spent all night rolling $237 in miscellaneous change. I took the rolls in and the teller said I had to break all of them open and return them loose.
My bank wont take large amounts of loose coins. They only take them after I roll them and I have to take them inside the bank to cash them in. The drive up window at my bank wont accept rolls.
