Hey gents and ladies. Im having some issues with my local banks in the area... yeah practically all of them. I have been calling around for a while now and none of the banks in this area seem to have either the log cabin or formative years wrapped bank rolls. I dont know if this area is just a "dead" zone for getting these new pennies or not. I called our local fed bank for this area, which is a Wells Fargo, and the head teller said they have not gotten any of either the log cabin or formative rolls and probably wont for a while. I asked if they could order them and she said no they could not- which I believe to be a lie. I dont bank there anyways. So I call my bank and they pretty much give me the same story- they cannot order coinage and they too have not gotten either version of the new pennies. So Im wondering where in the heck these folks on ebay are getting these bank wrapped rolls by the boxes... are they only coming out in one part of the country and we in the Midwest are just outta luck? Thanks, Im just venting and needed to get this off my chest.
More and more folks are cashing in those piggy banks, cans and jars of coins. Just a sign of the times. Store sales are down for most, so less change is needed. Banks already loose money dealing with change and it's tough for them to worry with what type of cent they have on hand. Keeping the doors open is more important at this time. It's a shame all this had to happen at the same time all the new Lincolns came out. In better times the new Lincolns would be everywhere.
No they are telling the truth. They can order cents, but they can not specifically order the Log cabin or Formative years cents. They can order cents and they get whatever happens to be on hand starting with the circulated coins first and then any older unc coins and then finally the new ones. And they don't come out evenly all over the country. Some areas go through coins faster than others. Some areas are coin sources where the banks always receive more coins than they need and send them back to the Fed, while others are coin sinks that always need more coins than they get from their customers and are constantly getting coins from the Fed. These banks are the ones most likely to receive the new coins.
