Bank rolls

I remember those days very clearly. All of it, penny candy, writing your life history on the roll, etc.

 

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Indeed, Collecting Nut. What a primo era it was to make some nice coin by identifying certain goods that would be worth a pretty penny down the road.......and then spending the time and money to gobble a bunch up. For all of our young CoinTalkers out there.........those opportunities, though not quite as plentiful as they were a generation or two ago, are still out there, just waiting for you to seize them. Now Collecting Nut and other seasoned posters.......let's not tell them what these grand opportunities are that are sitting there smack dab in front of us today. Nobody told us (at least they didn't tell me) what they were back in the day.

 

Oooh, let me guess -- it was 1950-D nickels, wasn't it? Or 1970 proof and mint sets, or 1999 silver quarters?

 

My only fraudulent coin rolling was when I slipped 2 Korean 100 won coins into 2 quarter rolls...

 

Oh the shame of it!

 

Ha! Well done, Earl! Have any of us so called "normal" red blooded Americans not done anything that could be considered at least a bit shifty during our young coin collecting days? I certainly perpetrated my fair share, but shall refrain from carrying on, so not to hijack this thread.

 

And I'm sure those Korean coins (worth about 9 cents each) were very proud to have been valued at over twice their FV at least one time in their circulation life.

 

I hear you, man. I like to dabble in the dark side, too.

 

How can they describe a roll with such a broad timeline? If these are supposedly bagged wrapped or packed from mint bags or treasury bags should the dates be determined or can they only describe the rolls based on the enders? Should the description not be more precise about dates or are they truly guessing?

 

Interesting that you said " banks did not roll circulated coins" I frequently receive bank rolls with gross common circulated coins. Although the rolls are not marked they are certainly rolled by machines. I'm becoming entrigued. So what do they do with coins that have been " counted" and wrapped? Do they pass them along as unconfirmed rolls, or do they confirm the contents of the wraps?

 

But it's "unsearched"???

 

LOL

 

So because there is a Roosy ender, they date the roll for the entire run of Roosevelt dimes?

 

Does that have anything to do with people writing their phone numbers on rolls? I see those all the time and I have no idea why people do it.

 

They are trying to get a premium for the coins, so having a little mystery adds to the value. What they are saying is technically true, and what the treasure hunters read is that there's a chance for them to be from the 40's or 50's, but of course these are likely all 64-D rolls.

If they are machine-wrapped they are almost certainly from commerce, wrapped by a non-bank entity prior to deposit. The machine-wrapping implies machine-counting and cull removal, and the rolls are thus trustworthy for count.

That's where the extra value is coming from. Once the roll has been opened, it is no longer unsearched nor OBW, and is only worth melt. The gamble is that you can find $50 or more in value in varieties or errors or MS68 coins.

 

Yes, some banks still require that. When I was younger in order for s bank to take customer wrapped rolls, they wanted your name, phone number, address and SSN. If a business turned in rolls name and address were required.

 

For the younger set who are recoiling at this notion, or the older set who've forgotten, I'll point out that my college used SSNs as student ID numbers, and explicitly recommended that you have them printed on your checks to save yourself the trouble of writing it on each check you cashed at the student bookstore.

Oh, and when they posted grades outside the classroom, they didn't want everyone to be able to see what everybody else got, so they just posted a spreadsheet with the grades, and with each row labeled with SSN, not student name -- but the rows were still SORTED alphabetically by name. So, if you knew the names of your classmates, it was dead easy to figure out who was who.

It was a simpler, and in some ways stupider, time...

 

Interesting. I usually use one bank to dump my coins but at some other banks I went to they unwrapped every roll and made sure each coin was there. Even though that takes FOREVER I think it would be a lot easier. I’ve always wondered how they would respond if you called the number on a roll haha.