Questions for a Newbie (me)

When you send the coin roll rejects back to the bank, do they give your money back depending on the number of coins you take?

What does RPM and VAM mean?

What is the most common coin you find errors on?

If you ask a bank teller for an old currency set, will he give you some older coins?

How do you get an old roll of coins?

What bank/other place do you get your coin rolls from?

On a scale of 1 to 10, how do you like the coin rolls you buy?

 

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Welcome to the forum! I do not search rolls for errors, so I can't answer all your questions, sorry.

AS for RPM and VAM: RPM stands for Repunched Mint Mark RPM-Repunched Mint Marks VAM stands for Leroy Van Allen and George Mallis, it refers to Morgan dollar varities, which are distingushed by VAM numbers for each date and mint mark VAMworld - home

 

Holy cow, you ask more questions than me. :smile

 

#1 I either re-roll the coins I don't want or put them all in a bag and take them to the bank, where they will give me cash for however many coins I have.

#2 I don't know.

#3 I have no idea what you mean when you say "old currency set". But its usually not that easy to just walk into a bank and get older coins. It takes some time.

#4 Again, its not really that easy to get an old roll of coins. It takes time and/or luck. And usually you won't get an old roll of coins at all. You'll get a roll of coins that contains one or a few old coins, if you're lucky.

#5 I get all of mine from the bank, but I know people who get rolls from other places like grocery stores.

#6 On a scale of one to ten? Sometimes zero. Sometimes 9.

 

As far as getting rolls at all from banks.............A lot of times when I want even few rolls($5) worth of pennies they look at me like I'm a fool and sometime they even say, "Why?" as they just stand there motionless like they are refusing to do so until you give them a legit answer. I hate most bankers.

 

I've never had a problem getting rolls, they always seem happy to do it for me, sometimes even letting me now "we got 11 rolls of halves today, do you want them??". Each bank is different, try to find one that you feel comfortable in.

 

when you do return coins that you have search, return them to a
different bank then you received them from or you may get the
same ones back next time.

kona

 

Well ancient coins and cobs are full of errors. If fact its sometimes hard to get 1 without error. Most are off centered. Here are a few examples:
Traci:goofer:

 

That first coin is freaky! Where did you get these ancient coins from?

 

Good point. I always do that too.

 

Well the top coin is a 5th century BC Gorgon, Center is a 4th century Alexader the great, Last one Augustus (First Ceaser) around 30 BC. But as you see they are all off centered, all you can get for slave labor of the day. Traci

 

Adam, do you search these rolls, find some cool coins, package them up and then sell them on e-bay? If not, do you do you know if that is a common practice with others? Seems like a way to make at least a couple of dollars, no? Thanks.

 

I keep them all for myself.

 

1. Not sure I understand this question. They give you the face value of the coins you return.

2. RPM = re-punched mint mark VAM = not sure exactly what the acronym stands for (some guys' initials), but a VAMs are die varieties, specifically (I think) on Morgan Dollars.

3. I don't find errors myself, but I'd guess Lincoln cents.

4. No, tellers give you whatever they have, which is usually just rolled circulating coinage

5. You can't necessarily get an "old roll" of coins anywhere. Sometimes the bank happens to have rolls that were turned in from someone's old collection, but usually not.

6. I get mine from the bank I use for work.

7. Sometimes 1, sometimes 10, and every stop in between. Depends what's in the rolls.

Joe

 

I just reread this and realized I said "I don't know" on #2. oops. I missread the question. lol.

 

Uhhhhhhhh... I think I found those nasty old coins in a roll of pennies in Vegas. (JK) Traci

 

Well - if you are searching modern coins from banks I recommend getting at least the Cherry Pickers guide to learn some varieties to look for. I am sure there something more specific for Lincolns(or different coins) but I do not do roll searching. Books are always a good thing.

 

VAM is an acronym for the originators of the die Variety books for Morgan & Peace Dollars, Leroy Van Allen & George Mallis. An identified die variety is known simply as a VAM.

 

I think the most common 'error' in a sense isn't really one, more of a variety. Many times there are 'doubled' designs on the coin, called a doubled die. From what I understand (I'm not an expert on error coins) it is from die that is impressed in 2 different hubs, on the second hub (since each one is different) it overlaps slightly, causing doubling.

Before I moved I had a mentor named Dennis, we would go to the scottsdale coin show. He was pretty much an expert in rare coins, I learned alot from him. He taught me how to cherrypick AH's kennedys...from what I remember you look for certain things in the hair and a truncated "I" in "LIBERTY".

 

Hundreds of them