I'm a little confused about mint bags. I was wondering if it's possible to get a mint sewn bag of pennies from the FR in Atlanta, and if so, do they charge a premium over face? I know they have quarter bags for sale on the mint site, but can you get them for fave value at a reserve? Also, is it possible to find major errors in any new bags? I appreciate any help! I'm probably starting too many threads, but I'm fairly new to error searching! Thanks everyone!
Up until about 10 years ago, the mint shipped cent to the Fed in canvas bags of 5,000 cents each, These are what people are talking about when they speak of "mint sewn" bags. Sometimes banks would receive these bags when they ordered coins from the Fed, but often they received rolled coins where Brinks or another service received the bags or tubs from the Fed and rolled them. Then the rolls were delivered to the banks in boxes. Boxes are easier to handle and you are less likely to drop them because they don't shift around. About that time the Mint also changed their bag size that they used to ship to the Fed. The new bag, called a ballistic bag, now held as many coin in one bag that they used to have on an entire pallet of bags. A ballistic bag typically holds about a ton of coins. For a bag of cents that would be about 400,000 cents. I think you would have to be a REAL good terms with your bank to get them to order a ballistic bag for you. And you would have to have a forklift available on short notice to pick them up when they arrived.
No problem. Here's the contact info, including their telephone number. http://www.frbatlanta.org/contacts.cfm Let us know what they tell you. Yes, but not likely.
I e-mailed the Atlanta FR and asked them a question about what mint bags they sell and if I can purchase them for face value, or if I would have to pay a premium, and they sent me a generic e-mail about how they don't give loans...
They've got to be government to be so incompetent. :desk: Sometimes you can get your bank to set aside a box of new coin when it comes in. This would be $25 for one cent coins. Unfortunately this will be difficult probably and worse, the counting houses pre-screen the coins for major errors. Part of their contract with the FED involves the return of errors to the mint.
you need great timing to get boxes of new coins. I try once a week in March april and May and you will get what you want
Right, he should have gotten the generic email that they only deal with member banks and not the general public.
