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<p>[QUOTE="foundinrolls, post: 82540, member: 4350"]Hi,</p><p>Now that coins are delivered in huge bags on palettes, The system is "the same, only different" <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p>Going back to the old way of things, before the palettes and using cents for example; The Mint would bag them with 5000,($50.00) worth of cents in each bag. They were unrolled. ( The Mint doesn't roll the coins ) . The coins would be delivered to the Federal Reserve Bank. A "regular" bank would order cents from the Feds and they could be delivered without them being rolled. The bank would then have bags of 5000 loose cents in their vault and they would wrap them as needed.</p><p>If a bank chose to do so, they would hire a middleman, so to speak, to roll the coins for them. Companies like Brinks would count and deliver the coins to the bank both wrapped and counted. These cents would come in boxes of 50 rolls or $25.00.</p><p><br /></p><p>The wrappers were either white paper trimmed in red with the word cents on them, or they were plastic tubes with the cents stuffed in them. </p><p><br /></p><p>The paper wrappers had the ends rolled down onto themselves. Usually if the ends of the rolls were intact, the roll has not been opened. Usually if the plastic wrappers were opened, it was tough to reuse them so the roll probably was not opened. </p><p><br /></p><p>I've figured out ways to reuse both types of wrappers. so If I looked through rolls, you would have to look for two stripes that I put on them with a marker to tell if it was searched through.</p><p><br /></p><p>If you could get a sealed box of coins from your bank (One of the $25.00 boxes) you can be pretty sure the coins were not searched.</p><p><br /></p><p>The counting company does not sort the coins so it is possible to get Uncirculated coins from the Mint, mixed in with older stuff that happened to be at the Federal reserve bank. Anytime a regular bank has an overabundance of a particular coin, they may sometimes send coins back to the feds. In that way, older circulated stuff ends up in rolls with brand new coins.</p><p><br /></p><p>Many times, I've opened what I would have expected to be all new coins only to find five or ten older circulated cents in the rolls with the rest being all new.</p><p><br /></p><p>You can't assume that the rolls are 100% full of new coins even if the majority of the rolls appear to be.</p><p><br /></p><p>Currently, the situation is the same but the counting companies now get these huge bags of a ton of cents ( I think Its a ton)</p><p><br /></p><p>I hope this helps!!</p><p>Have Fun,</p><p>Bill[/QUOTE]</p><p><br /></p>
[QUOTE="foundinrolls, post: 82540, member: 4350"]Hi, Now that coins are delivered in huge bags on palettes, The system is "the same, only different" :-) Going back to the old way of things, before the palettes and using cents for example; The Mint would bag them with 5000,($50.00) worth of cents in each bag. They were unrolled. ( The Mint doesn't roll the coins ) . The coins would be delivered to the Federal Reserve Bank. A "regular" bank would order cents from the Feds and they could be delivered without them being rolled. The bank would then have bags of 5000 loose cents in their vault and they would wrap them as needed. If a bank chose to do so, they would hire a middleman, so to speak, to roll the coins for them. Companies like Brinks would count and deliver the coins to the bank both wrapped and counted. These cents would come in boxes of 50 rolls or $25.00. The wrappers were either white paper trimmed in red with the word cents on them, or they were plastic tubes with the cents stuffed in them. The paper wrappers had the ends rolled down onto themselves. Usually if the ends of the rolls were intact, the roll has not been opened. Usually if the plastic wrappers were opened, it was tough to reuse them so the roll probably was not opened. I've figured out ways to reuse both types of wrappers. so If I looked through rolls, you would have to look for two stripes that I put on them with a marker to tell if it was searched through. If you could get a sealed box of coins from your bank (One of the $25.00 boxes) you can be pretty sure the coins were not searched. The counting company does not sort the coins so it is possible to get Uncirculated coins from the Mint, mixed in with older stuff that happened to be at the Federal reserve bank. Anytime a regular bank has an overabundance of a particular coin, they may sometimes send coins back to the feds. In that way, older circulated stuff ends up in rolls with brand new coins. Many times, I've opened what I would have expected to be all new coins only to find five or ten older circulated cents in the rolls with the rest being all new. You can't assume that the rolls are 100% full of new coins even if the majority of the rolls appear to be. Currently, the situation is the same but the counting companies now get these huge bags of a ton of cents ( I think Its a ton) I hope this helps!! Have Fun, Bill[/QUOTE]
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difference between new and circulated wrapped rolls?
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