How to get pennies from the bank?

Discussion in 'Coin Chat' started by Camreno, Mar 5, 2011.

  1. Camreno

    Camreno Active Member

    Ive heard alot of people buying rolls of pennies from the bank to search through, sounds like a load of fun, do they keep circulated rolls or are they all new coins? This is a very noob question for sure, i was just wondering how this worked, I dont assume you would have to pay more then 50 cents for a roll considering thats the value.

    Any advice is appretaited like always!
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  3. coinmaster1

    coinmaster1 Active Member

    When you go into a bank and ask for rolls of change, you always pay face value, which is great for us collectors. :D Usually they are circulated coins, unless your bank has recently gotten more new change from the government or if the rolls have been recently searched by someone else.
  4. EvilKidsMeal

    EvilKidsMeal New Member

    The majority of the coins you will get are from businesses who have accounts with that bank. On the other side you should have little trouble getting coins from the mint that were distributed to that bank. The business coins obviously will be circulated, but those are where you'll find things, because you never know what a customer payed with.
  5. Corey

    Corey New Member

    I just went through the drive through and got a box of pennies for 25 bucks. Me and my girls found over a dozen wheat pennies and lot of cool coins. we had a blast doing it. we are going to do it again soon!
  6. Camreno

    Camreno Active Member

    The drive through at the bank? And what do you mean alot of cool coins, if you buy a penny roll you will get pennies right is there a chance of getting dimes?

    I'll probably just buy dime and penny rolls the liklyhood of getting a 64 quarter or older is slim to none.

    Loads of fun and its pretty much free considering i can take all the coins i dont want to one of those coins to cash mashines at my local supermarket

    Thanks guys!
  7. jallengomez

    jallengomez Cessna 152 Jockey

    I normally buy them by the box, and often they are uncirculated. You'll get a mix of both that way.
  8. Camreno

    Camreno Active Member

    How much is a box?
  9. jallengomez

    jallengomez Cessna 152 Jockey

  10. Camreno

    Camreno Active Member

    Oh okay sweet, ill defently buy a couple boxes, should be fun, thanks
  11. EvilKidsMeal

    EvilKidsMeal New Member

    $25=2,500 cents. Should keep you busy for a little while. Whatever you don't want you can either take back, or to a coin exchange machine.
  12. 10gary22

    10gary22 Junior Member

    I have found by getting my rolls for searching from several different banks that different methods seem to work better than others. First understand that many tellers are reluctant to empty their drawers and want to keep change on hand for customers. Next, many want you to be an account holder to receive these additional "services". Some will only order coins to your account. Many tellers do not have access to the vault and must get a manager to do that. After I realized the problems they might have, I started trying to make it easier to get around them.

    What I did was to buy a roll or two at a time whenever the opportunity presented itself and searched those. I re-rolled them and would take those back to the bank and exchange them while asking to buy a few rolls of whatever they had available. In short, I built up a stock of coins to trade with. Now, I can go into a bank and ask if they will trade me coins or sell me some rolls to search. I tell them a story about filling coin books for the grandkids (kids, whatever), and they usually are happy to co-operate. I have also found it best to conduct this transaction .during "off" hours, when they are not busy. At the bank I use the most, I have taken one teller some coins in flips. Generally cents that aren't seen in circulation or something educational about our coins. Like a 1943 Steel cent or a set of the 7 different 1982 cent varieties. Now she looks for things for me.

    If you really get into roll searching, it becomes a hobby in itself. Finding a treasure is very-very difficult, but they are out there. You might get very lucky and find something right away, or not. But the secret is to keep looking. But the thrill is in the hunt. I also suggest setting a goal, like circulated sets and keep upgrading coins as you find them. Then there is something worthwhile in nearly every box or batch of coins you do look at.

    Good luck, and happy hunting.

  13. 10gary22

    10gary22 Junior Member

    I try to mix it up. Boxes recently have contained either 100% 2010 D in my area or nearly so. I cannot even sell new unopened bank rolls of the 2010 D,s. No one wants to trade for them even. By getting Customer Wrapped Rolls (CWRs) I am getting a bigger spread of varieties with a much higher quantity of copper coins (melt value 2.4c). Seriously, after saving a couple of uncirculated rolls, I need to see something different and you may also want to do that.

  14. tlasch

    tlasch Penny Hoarder & Food Stamp Aficionado

    Heck if you do it frequently you will get a teller like mine. I mark all of my searched rolls, he gives me rolls that his other roll searcher has not seen. And more importantly he orders rolls from other branches. I walk in "Let me get $100 In pennies!" "Okay but tomorrow I will only have $25 for you"
  15. 1066merlin

    1066merlin ANA#R3157534

    Searching rolls is a blast, you just never know what your going to find. It's fairly easy to get a box of cents from the bank so long as you have an accout with them. It's even better if that bank has a few branchs in your area. I generally search a box or so a week, when I'm done I return it to one branch and get the cash. Then go to another branch a get a new box. It takes about 5 weeks to make it all the way around to the beginning again. If I'm out of my area I'll usually pick up a box just for the heck of it. Occasionally, a teller will ask if I'm a commercial customer. My standard answer is "no, they are for a class project my daughter is working on in school". Which is a half truth, she does enjoy seaching with me, and we talk about history when we are doing it LOL.

    Best of luck on your search, if you find something lest us know and post some photos!
  16. stepthenwho

    stepthenwho New Member

    I got a call today from a person that answered my craiglist add for wheat pennies. He $65 face to sell. He wanted $350 i that he was crazy but I didn't tell him that. I told hime that i was short on cash right at the moment. He asked if i had any silver to trade I said yes. He trade to take my silver at 14X face I said no way I said 25X face or no deal. $14 face i walked away with the pennies. I have gone through about $15 face of the pennies and have found 1- 1909VDB Fine, 5-1910, 10-1919. i am hopeing for other good finds.
  17. jcakcoin

    jcakcoin New Member

    I need to get rolls..........even though putting a coin in the vending machine and hitting the coin return button is kinda fun, especially when I found my first 2010 quarter today, a Grand Canyon one :smile
  18. onejinx

    onejinx Junior Member

    When I do get a box of cents to search through, I typically go to the bank on Sunday to get them. And yes my bank is open on Sunday.
  19. Camreno

    Camreno Active Member

    Very nice, i have one of those, got it off one of those grab bags on ebay, are they worth anything? [​IMG] [​IMG]
  20. Camreno

    Camreno Active Member

    Why do you go on sundays?
  21. jcakcoin

    jcakcoin New Member

    Well, they're one of the rarest coins in a long time (excluding the other 2010 quarters), with only 35,400,000 made at Denver. It's the rarest quarter since the 1960 (P) quarters
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