Roll-searchers, post your results!

Any wheat

 

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Going through my Dad’s coin collection. Currently working on a box of about 90 rolls of higher grade circulated LMC he put together sorted by date and mint mark. These rolls were put together about 20-25 years ago, so I am finding some very nice coins to upgrade my numerous cent albums and folders I have been building for the Grands. Checking for errors and varieties as well, so far none of those. I’ll keep the nicest duplicates for future Grands. Some of these would make @davidharmier60firefox jealous! Copper rejects will be sold at 1.2 x face to a local coin dealer who is hoarding copper. Fun stuff!

 

I don't think I would sell coins that my Dad set aside even if they are rejects.

 

Yeah, that was me. As I posted in a follow-up message, I suspect they may be simply sorting on weight, not other properties -- in the three rolls I bought, there were no heavily-worn coins. I'm used to AU or better quarters from the 1960s, but the ones from the 40s and 50s are usually no better than F-VF, and frequently worn down to G.

I suspect that the heavily-worn earlier quarters slip past because they're closer in weight to clad. Of course, I don't know what they're really doing to these coins while they're boxing them, but I wonder.

 

Yeah, it's tough to do NLL. We found boxes of Dad's collection stashed throughout the attic. After Dad died, we pulled it all together. Mom wants to monetize the collection and give the money to their Grands & Great Grands. So I bought the older more valuable coins from her and they are now part of my collection. Problem is he was a bit of a hoarder and has many boxes (hundreds and hundreds of pounds of modern/clad coins that I just don't have room for. My local coin dealers are not interested in modern/clad unless they are uncirculated which these are not. It boils down to a space issue. I'm grateful to Dad for sorting out the best coins making it relatively easy for me to cherry pick the keepers for my ever expanding collection.

 

There were a couple wheat in that bunch. But one was so ugly it goes back. Another depends on if I find any better. And one was very nice. About to hit the sack.

 

It is a good thing you did buy the valuable coins to keep. It still makes me sad to think about something like that and I am blessed I have not lost any relatives.

 

@NLL no, this wasn’t Colorado, but I believe Bmann was finding silver in Loomis half boxes in CO.

 

I find silver in Loomis marked boxes just not nf string marked boxes.

 

We have Brinks out in AZ and it really goes in spurts. For a while there will be silver in halves boxes, but then the dry spell comes. Have a feeling the searchers are a’plenty out here, so hard to say if they’d be pulling any out of batches. I’d say Brinks does not, just a lot of turnover here from orders. Happy hunting all...next week back to cents!

 

If you do a search on N F String you will find a link to a coin dealer who wrote an article about roll collecting.

N F String sells sorting machines and empty coin rolls with it's name on them. They do NOT do the rolling of coins themselves.

At my local credit union we get String rolls. They do not come from String, they come from an armored delivery service.

The article by the coin dealers stated that around 2000 - 2001 the mint stopped producing the standard sized coin bags (as in $50 in cents, $200 in nickels, etc.) and now use mega sized bags that are 10x or more larger in dollar amounts. He listed them. I am too lazy to quote the article.

So... are you getting coins from N F String? No. Ask your bank, they will tell you who their supplier is.

It is possible that the machines send silver coins into the reject bin. If you use the machines at WalMart... which charge a fee... you can find silver coins in the reject slot. I have found a silver dime and a silver quarter at WalMart.

 

Then you should tell them to fix their Web site.

 

$19 CWR Cents: 15 wheats, 373 coppers, and a 43 copper coated steel cent

$78 CWR Nickels: 19 Jeffersons dated between 39-59, 1935 Buff, and a 45-P

$225 CWR Dimes: 49-D and 64 Roosies

 

1951 D RPM from a bank box.

 

39 and 45D from a bank box.

 

If you click on all their links, you will notice that String doesn't mention that they roll the coins themselves. Because... they don't. They ship their products and service their machines. The paragraph you cite is confusing... but it refers to the coin sorting machines you've bought.

If you just think about it... would it be profitable to buy coins in bags and pay shipping to your factory and then ship the rolled coins a 1000+ miles away from that factory? I live in the Midwest and I can assure you the armored trucks don't come from Harrisburg, PA, the location it states on the rolls.

 

The paragraph I cited says:

You're right, this doesn't say that String will "roll" your coins. It just says that they will pick them up, whether in bags or bins, and process them (sending you payment via ACH). Now, maybe that just means counting them and then sending them somewhere else to be rolled -- but that seems like a really silly thing for a manufacturer of rolling machines to do.

I don't pretend to understand the exact economic arrangements for collecting, counting, rolling, and redistributing coins. I also am not trying to claim that every roll machine-wrapped in N.F. String and Son paper was rolled in a String facility; since they sell rolling equipment and paper, that's obviously not true.

But this statement on their Web site, coupled with the fact that they're selling rolls of nearly-full-weight silver coins on eBay, makes me think that they're doing at least some processing themselves -- and that they're making some effort to sift out silver as they do. Maybe they have processing facilities elsewhere, and just ship the silver back to Harrisburg; I don't know. You've aroused my curiosity, but not enough to call them up, at least so far...

 

Again, I will bring up the cost factor... which costs less: selling on eBay or selling directly to a coin dealer/ metal melting processor?

Obviously it's more profitable to sell bulk silver coins to a coin dealer for a set price or a metal melter for a set price. eBay has a fee for listing - and a fee for selling - and the coin market on eBay is very slow. The amount of silver coins they must be listing is a very small dollar amount and the coins must have been searched for high grade and key dates, which sell for much high prices directly to a coin dealer.

I get that there is a ? about where those silver coins come from. You'll have to ask String and tell us!!!