Unopened Coin Rolls

I have tried to answer this question on my own but I am finding conflicting information.

Unopened rolls of coins. Doesn’t the mint ship coins in bulk to a third party to roll for distribution to the banks? In other words, an unopened roll of coins is not truly US Mint rolled, is it?

 

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There are rolls you can buy from the mint, so it really just depends what you are referring too

 

The mint sold 2009 Cents in rolls and 2004 & 2005 Westward nickels in rolls. The presidential dollars came in rolls from the mint. I remember getting rolls at the bank back in the 50's. I don't know if they were rolled by the bank or mint.

 

It’s just something I tend to hear a lot on CT. A person has an old unopened roll of something or other. Should he open the roll, etc..... In my mind, the US Mint shipped bulk bags to be rolled outside the mint. So in reality an unopened roll is only as virgin as whoever the third party was that rolled it..... But you say the mint does roll freshly minted coins?

 

Brand new coins are sent in big-@$$ bags to companies such as Loomis/Brings/Guarda/etc who then roll the coin and distribute it to banks/commercial places.

EDIT: If you go on a mint tour, you can see these huge bins/bags of coins.

 

This is what I had always thought.

 

I can't think of what they are called, ballistic bags? Something like that. Either way, they are BIG. We saw them being filled on our tour of the Philly mint a couple of years ago. Wish I could've taken pictures...

 

Yes there are plenty of rolls you can buy directly from the mint.

https://catalog.usmint.gov/on/demandware.store/Sites-USM-Site/default/Search-Show?q=roll

It just all depends on what you're referring too.

 

Thanks. I never realized that. I had always thought all the rolling was done outside the mint.

 

If you are talking about rolls you get from the bank that is correct with one exception. Back in 2000 when they were running the promotion with Wal-Mart to try and get the dollars into circulation the mint also made a deal with banks to receive boxes of rolls directly from the Mint. They are wrapped in yellow and white paper and say US Mint on them.

 

To answer your question speaking from both sides lol....you are correct depending on where the coins came from for what purpose.... again dad worked at the Federal Reserve bank they had money cages on the first floor ,the armor car would pull in ,the turntable turned the truck inside the bay area. That way the truck wasn't exposed any time outside the bank.
The money bags were placed on dollies and pushed to the cages so women could roll the coins by machine.
Banks ordered their cash needs... be it roll coin or bills aka notes.
Just like most business do today if they have an armor service.
But banks could order bags as well rolls.
The true mint rolls were rolled by a vendor for the US Mint to be sold by the US Mint.
So if you are buying a roll from the mint yes.
If your buying a bank roll of unc. Coins from your bank were not rolled by or for the mint. They were rolled for commerce.

 

The ballistic bags are sent by the Mint to the Federal Reserve's contracted coin terminals who count, wrap, and distribute to banks and other customers. These are circulation quality coins.

The mint also sells bags and rolls of quarters, half dollar, and dollar coins to "collectors" at about a 20% premium. Although these are also circulation quality coins, they do get a little less abuse in handling.

The mint rolls are clearly labeled. Any other source will be indicated by the name of the contracted coin terminal or maybe a bank that rolls their own.

 

But....original mint rolls and bank rolls are two different things.
So by stating original rolls they should have proof...or they are bank rolls.