Brand New Old Coins In Circulation

Discussion in 'Coin Chat' started by VistaCruiser69, Nov 5, 2020.

  1. VistaCruiser69

    VistaCruiser69 Well-Known Member

    This past Saturday I was at the gas station fueling up my car, got the change back and was pretty surprised at the coins I received. Three brand new, right off the press pennies, a 1974 D, 1976 D and a 1977 S, all in immaculate condition. Trips me out that such coins with older dates are found in circulation which are in near immaculate condition. Got to wonder why these are just starting out in circulation now, after so long from being minted.

    On top of that, in the same change I also got my first V75 W quarter. All the previous W quarters I received in my change didn't have the V75. This is the first of that kind I've received.

    Later on in the day, I was at 7-11 picking up a liquid refreshment and in my change is a 1954 D wheat penny. It's in ok shape for being out in circulation. Later at home looking closer at it, as I do with all of my change, I discovered it's got issues. Looks like a chip on the 5 and the letters B and E in the word "liberty" appear connected with another chip looking piece of copper. Both chips are raised.

    So I did have a very interesting coin day last Saturday.
     
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  3. Oldhoopster

    Oldhoopster Member of the ANA since 1982

    Cool. Sounded like somebody cleaned out the old collection and dumped it in a coin star. Their isn't much value in the cents, but the would make a nice addition to an album/folder collection.

    The 77S is a proof only issue, so it would have had to have been broken out of the set and spent. Die chips are very common on wheat cents from the 50's. No additional value, but an interesting find
     
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  4. Inspector43

    Inspector43 Collecting Since 1948 Supporter

    The issue with the connection of B and E is a recognized frequent configuration. Look it up.
     
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  5. beaver96

    beaver96 Well-Known Member

    Back in the 80's I would save rolls of new coins from the bank. Mainly pennies and nickels. Then about 15 years back I hit a rough patch and needed some money, the dealers wouldn't pay any extra for them so I just cashed them in at the bank. I see new old coins in the bank bags often so I imagine that is what happens. Mostly now I see new/old quarters come in. People saved rolls of state quarters that never increased in value.
     
  6. VistaCruiser69

    VistaCruiser69 Well-Known Member

    Yeah, I often envision someone's grandma or grandpa passing and then the kids, grandkids, whoever, go on a serious treasure hunt through all the drawers and cabinets of their home, rounding up as much loose currency as possible that they run across and then using their recently acquired booty to buy things at various establishments, the gas station and 7-11 in this case. I'm sure this scenario plays out more then we can imagine. Coins that have been sitting at the bottom of drawers and cabinets ever since the 50, 60's and 70s, and in most cases in very good shape, considering their age.
     
    Last edited: Nov 5, 2020
  7. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    I too have been noticing older coins in my change that appear to have led a pampered life. I get change so infrequently these days but have picked out three wheats in the last four weeks. Maybe folks are putting their old stuff back in circulation because of the change shortage? I just don't know.
     
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  8. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Two years ago I helped a friend liquidate his late fathers collection. The man had over two thousand dollars face value in uncirculated state quarters and the 2005 bison nickels. He had them all in plastic tubes, neatly labeled. He called the 2005 Jefferson's "New Buffalo" nickels. My dealer buddy had no interest so I helped him get them out of the shrunken plastic tubes and carried to the bank.
     
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  9. Mountain Man

    Mountain Man Supporter! Supporter

    Always fun to find older coins and currency in circulation. Nice find.
     
  10. VistaCruiser69

    VistaCruiser69 Well-Known Member

    I'll post up some good pix of these coins here in the next few days. I've not gotten around to photographing them yet, especially the 54' wheat penny with the raised chips. Too bad I can't come across the 55' double struck or the rare 1982 in any of my change. Even just a double eared 84' would be quite captivating.
     
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  11. Bambam8778

    Bambam8778 Well-Known Member

    A lot of places I freuqent have a sign out that says credit or exact change only due to coin shortage. It would be nice to get a couple boxes of coins to sort through but I stopped asking when I heard there was a shortage. Congrats on the finds!
     
  12. Collecting Nut

    Collecting Nut Borderline Hoarder

    One day in my spare time, who knows when that will be, I'll be going through the 10,000 1982 cents that I have. They are completely unsearched. I've had them since they first came out and they've never seen the light of day.

    What will I do with them after I search them? Put them back into circulation of course.
     
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  13. sergeant

    sergeant Not a Member

  14. VistaCruiser69

    VistaCruiser69 Well-Known Member

    Last night I discovered that I was wrong about that 1954 penny being a D mint. It's actually an S. I took some close-up shots of the chips in question. The color of the penny looks washed out probably due to the intense lighting I was taking the pix under plus it being an iphone camera that was taking the pix. Combined the color looks really washed out. But the details are visible.

    The 5 looks like it has a tooth and the B and the E in Liberty is connected by a chunk of copper. Is it safe to say that these are called "chips"?

    Penny 1.jpeg Penny 2.jpeg Penny 3.jpeg
     
  15. Collecting Nut

    Collecting Nut Borderline Hoarder

    Definitely die chips. As you said the light makes it difficult to see but the one in LIBERTY looks like a BIE. Just a chip and not worth extra but nice to find one or have to add to a collection.
     
  16. scottishmoney

    scottishmoney Buh bye

    I have found bright red 1938-39 cents in roll searches. About ten years ago I searched a box of cents and found about three rolls of mostly BU 1943 steel cents with all three mints represented. I can only believe that someone's rolls got cashed in via a coin machine. I am always surprised to find steel cents in BWR - most machines won't take them. One of my banks is still using a rolling machine that was made in the 1950's so it takes older coins.
     
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