how are the dealers getting the cents

Good luck with your phone calls. Don't expect anything to come of it. We draw from the Fed in Chicago. I work IN A COIN SHOP. Yup, we're just fleecing the community blind by having all the contacts after my boss has done this for 42 years.

Before you go off on dealers put your thinking cap on for a moment would you please?
For starters we are a business and a business needs to make money. To do this we need to be able to supply a demand.
Many of our new coins come from a huge dealer in Indy. One of our regulars does business with him and if he's headed that way will pick up coins for us. We pay a premium for the coins and help with the gas money.
In other words we pay a premium for coins that we know will eventually hit local banks but in the meantime we have customers willing to pay so we go out of the way to get them.

If we can only get the P mint we often will buy or trade with another dealer in Montana. If we have to buy there is a premium and shipping involved. Not to mention the time and work on both ends.

If we can't get any we buy from customers should they have any. We were paying up to $3 per roll in the beginning. Bought ten rolls from a guy that went from bank to bank. He made a quick $25. Of course it cost him time and gas. We didn't accuse him of ripping us off.

These things happen over and over when it comes to modern coins. For what we make it's more trouble than it's worth IMHO.

Do prices ever drop? Heck yes. Perfect example for the shop I'm in was the George Washington golden dollar. We had over $2000 just sitting in the vault. My boss was spending them and we gave them out as change. Used to get $1.50 per coin (and still do) but demand has plummetted.
So a dealer puts it out on the dealer networks (that dealers pay a fee to belong to) that he's paying $1.20 and needs quantities. So at a "loss" of 30 cents per coin we sent the guy 2800 coins. That "loss" was $840. Plus side is I no longer trip over the things.

Now as a side note. I never bought one at work. I'll see them in bunches in circulation eventually. Got my first three in change last week actually. Tossed them in my loose change bowl.

What BadThad said.

 

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yeah i am getting log splitters no problem

 

:kewl::kewl::kewl:
Hey Hillbilly don't cha think our congressmen have more important things to do than to worry if you get rolls to sell on Ebay ????? You sell rolls on Ebay so that kinda makes you a dealer also, right ??? Sounds to me like you are just a little jealous cause they are getting more rolls than you.

 

........you'll probably find a ton of cents OR prez bucks in ecuador.

 

Right -On!

 

In my area SoCal I've found one new shinny lincoln formative years coin in my change. So today I went to a local B of A and asked for new rolls of pennys & was told no way Jose, BUT I talked with the teller and asked her about new rolls of coins & she told me about one fellow that comes in and orders $ 5000 worth of new quarters every so often & when I asked her where the bank gets them the teller said from their source & she also added that this fellow goes thru every roll looking for error coins and then returns the coins to the bank & will order more coins. lol,lol.lol

 

Here in the San Diego area, I am getting the Log Cabins like water! Almost tired of seeing them... I was able to put the equivalent of four rolls together and got two wrapped rolls, though I found more... Was barely able to get the equivalent of one roll of the Rail Splitter and found only two wrapped rolls... Go figure!

 

tons in Virginia but no Presidental Dollars at all.

 

They do really bad things like send kids to openings and the like. I think this might be of interest.

http://forums.collectors.com/messageview.cfm?catid=26&threadid=734433

 

You've obviously found the coin version of the Coupon Abuser.

 

Why is it , that every collector wants to sell his coins at a profit , but pour hate and disdain if a Dealer does the same???

 

......don't know. would you, by chance, be a dealer?

 

There are honorable and reasonable ways to make profit and lifetime clients and there are dishonest and unreasonable ways to run scams. It's just a matter of choice and how one perceives themself. Really pretty simple, you don't do the right thing part of the time.