Message:

<p>[QUOTE=&quot;GDJMSP, post: 17586, member: 112&quot;]OK - this is where a lot of folks get confused about what constitutes circulated and uncirculated.</p><p><br /></p><p>From a purely technical point of view - once a coin enters commerce - into the hands of a bank, financial institution or individual - it could be considered circulated. But it is possible for a coin to go through several hands or transactions and still be considered uncirculated. Confused yet ?</p><p><br /></p><p>Well that&#039;s because the definition of a circulated coin is one that shows wear. So a coin can go to the Federal Reserve - be distributed to a regional bank - be distributed to a member bank - and then be distributed to a local bank. Then the coin can be distributed to an individual and that person can spend it at say the grocery store. And the next day - I can walk into that grocercy store and recieve the very same in change and still be able to say - Cool an uncirculated coin !</p><p><br /></p><p>How ? Because the coin does not show any wear. Then again - it may. And of course if it does show wear - it is not uncirculated.</p><p><br /></p><p>Now what does all this have to do with your question about original bank wrapped rolls ? Well I&#039;ll tell ya - there&#039;s no such thing as original bank wrapped rolls.&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" />&nbsp; Now ya confused ? Thought so&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /> </p><p><br /></p><p>Here&#039;s why - first you have ti understand the process a coin goes through when it is made. The very instant ot comes out of the coin press it is ejected into a large bin or hopper with thousands of other coins already in it. And I do mean large - 5 strong men could not pick one up. So here is this coin laying in the bottom or the middle of the hopper with thousands of other coins dropping onto it every second. </p><p><br /></p><p>From the hopper the coin goes to the bagging room - it&#039;s all done by machines now, but it used to be done by men with shovels - and the coins are weighed and placed into a bag again along with many other coins. Then these bags are shuffled around, dropped on top of each other and eventually shipped off to the Federal Reserve in a truck - with one bag right on top of the next.</p><p><br /></p><p>Sound like these coins are being beat to death yet ? Well they are - literally by the tons of weight of other coins. Then the coins are handled yet again and eventually they get into the hands of a company like Brinks. And it is this company which dumps these bags of coins into yet another big hopper which empties into a counting and rolling machine. This is where the coins are placed into rolls for the first time.</p><p><br /></p><p>By now - these coins have gone through more hands than a picture of a first grandchild among a gaggle of grandmothers. And that doesn&#039;t include the machines. But ya know what - they are all uncirculated.</p><p><br /></p><p>And you want to know about original bank wrapped rolls ? Folks - this is just a marketing gimmick. The only original rolls - that could even come close to being deserving of the name - are those sold directly by the US Mint. And they don&#039;t even sell all denominations.</p><p><br /></p><p>Did that answer your question ?&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in