Mint Rolls vs. Strings Rolls

Hi, are the coins in mint rolls more pristine than other rolled coins? I'm under the impression the mint rolls are very consistant, without bagmarks as in other rolls. I've never purchased a mint roll, but i am wondering if the premium is worth it.

 

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from what i have heard, Mint rolls are rolled by a thrid party, much as bank rolls are. So in the end, the coins should be the same. The only difference that i can think of, and i could be wrong, is that the coins in the mint rolls are not the satin finish coins in the unc. sets.

 

All business strike coin leaves the mint in large 2000 lb bags (I could be wrong on the total weight, but its more then you could lift).
Then the coin is sent to distribution centers to be rolled and then sent to banks if and when banks order them.
The rolled coin that you get with the mint wrappers on them are not done by the mint. So they are not necessarily any better then any rolled coin you could receive from the banks.

 

I called the mint & asked them, they told me they are put into rolls right in the mint. But i'm not 100% sure the person i talked to knew the exact process. But i notice the Mint wrapped rolls seem to sell at a premium over String rolls on Ebay.

 

yes, mint rolls do fecth more then bank rolls on Ebay, But no one ever said Ebay was chuck full of nothing but smart buyers

 

mint versus......

yes there is a difference.........................the mint rolls don't sell for face value. they are all tumbled and slid into bags then thru roll machines at various vendors. your chance of getting them from the mint with less bumps, nicks, and scratches is a myth.
save some money and get them from the bank.


steve

 

The prevalent myth is why so-called "Mint rolls" sell at a premium (besides the fact the Mint itself sells it at one). But don't buy into it. There is absolutely no difference regarding the coins actually inside.

I only ever buy rolls from the Mint if they're coins that reasonably accesible banks don't order rolls of (these days, basically just Kennedy halves, as I live reasonably close to the Denver Mint's goft shop and can state quarters and presidential dollars at face value).

 

With Strings rolls, there is no guarantee about date. I have opened several that had other years or mint marks mixed in. It seems they are about 90% one date.

 

Strings just makes the paper. I think the FRBs wrap them.

 

Half right, Strings just makes the paper wrapers, ut the FRB's don't do their own rolling anymore. It is typically hired out to the armor car services such as Brinks.

 

Exactly.

No way. The armored car companies do most of the original wrapping, from huge bags supplied by the Mint.

Except for so-called Mint Rolls, substantially all of the others are wrapped by banks, or turned in to banks by their customers.

The rolls sold by the Mint are wrapped by an outside contractor, again from the giant bags the Mint ships out.

 

I want to chime in on this to remind everyone of a basic fact. People lie. If you are buying rolls of coins and it is important to you that they are a solid roll of exactly whatever they are supposed to be, if your life depends on it, insist on mint wrapped rolls. If you can take ANY chance whatsoever, the String wrappers will provide every bit as nice of a coin.

The point I am making is that fraud is rampant ANYWHERE that it is profitable, and once in a while, a roll is not what a seller perports it to be whether intentionally or not. IMHO that is the biggest difference. The mint rolls are what they say they are... pretty much guaranteed.

 

Mike is right, other than the rolls the US mint sells directly to the public, they ONLY way you can know for sure what is in an unopened roll. . . . . is to open it. And then it isn't an unopened roll anymore.

 

Be careful Mike, you're kind of contradicting yourself. I have done research on the subject of rolled coin and I can tell you that the Mint does not roll coin. They have it done for them by an outside agency. Of course I am talking about modern coin that is getting released through out the year. If a bank receives rolled coin from the reserve banks that they order from, and by the way they must pay a premium for, are as new from the mint as the "mint wrapper rolled coin you buy from the mint", at a hug premium. The only rolls anyone should be suspicious of are old, old rolls that do not reflect that fact that they were never tampered with since they were rolled, "the year they were minted".

I do agree with you that if you want to collect rolls of coin and do not mind paying much more then they are worth, then buying from the mint is extremely safe and IMHO, quite impressive.

I personally enjoy the hunt and search of rolled coins from banks because of the face value cost and the ability to return what I don't want without a loss of funds.

I agree 100% with your fraud comment. As collectors we can never be cautious enough with our money when dealing with sources unknown or untested.


Keep Collecting!!!


Allen

 

Basically, I think you are paying for the label on the roll. No difference in the coins, what so ever.

Phoenix

 

That is correct! It doesn't matter if it's a Bank Roll or Federal Roll or a roll by R.F. String. There all shipped out of the mint to be rolled.


Rhubarb

 

But, there is a difference, the mint rolls are all one date, and I have personally opened string rolls and found different mint marks, and occasionally a circulated coin or two. Unless they come from a sealed box, there may be other coins in a string wrapper.

 

and my point is that there is ABSOLUTELY no way of knowing ...unless you open a String & Sons roll, and that kinda kills the "roll" value

 

I search dimes. I used to get frustrated at getting boxes of brand new dimes due to the lack of variety and nil chance of finding silver (until I found a blank planchet, now I'm alittle excited when I get them).

Well, I personally have opened boxes of what appeared to be solid, brand new rolls of dimes and found a handful of circulated dimes sprinkled throughout the rolls.

Companies like CWI may get bags of 500,000 dimes and end up producing almost 200 boxes of brand new dimes, but they make no effort to segregate the new dimes from the old guaranteeing there will be boxes at the beginning and end that contain a mix of old and new.

As mentioned above, buying mint wrappers addes another level of assurance and a premium to the resale value (at the retail level). You still have to watch out for outright fraud though as they are not immune from being opened and rewrapped.