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Searching Circulated Penny Rolls

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nickelfan View Drop Down
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    Posted: 02 Feb 2009 at 6:08am
Well, my 8-year old son and I have been sorting through circulated penny rolls.
 
In all we search about $60.00 in penny rolls over the past 4 months mostly from bank of america branches in our area.
 
The first time we received 5 rolls in paper and 15 rolls in plastic.  The 5 paper rolls had an assortment of pennies from 1959 to present, 2 canadian pennies, 2 wheat pennies, 1 namco token and 2 dimes. 
 
The 15 plastic rolls were all dated from 1982 to present.  For grins we seperated the 1982s to weigh them and they were all zinc.  The next time I went into the bank I asked the source of the plastic/paper rolls and they said the paper rolls were deposited by customers and the plastic rolls come from a bank processing center.  So it appears BoA has a machine to sort coins by weight and they are doing something with the copper pennies because they aren't sent to the branches.  Either that or we encountered some flukish randomness that is probably extremely unlikely.
 
What we are doing now is sorting the 1981 and earlier pennies into one pile, sorting the 1982 in another pile, the 1983-1984 in another pile and the newer pennies in another pile.  We are checking for the following varieties:
 
1) 1972/1972-D Double Die Obverse
2) 1983 Double Die Reverse
3) 1983 or 1984 on copper planchet
4) 1984 Doubled Ear
5) 1985-D to1989-D repunched mint marks
6) 1992/1992-D Close "AM"
7) 1995 Double Die
8) 1998-2000 Far "AM"
 
The reason we aren't checking for other varieties is we don't have the expertise to identify double dies except for the most obvious ones.  We have several rolls of pre-1982 and 1982 copper rolls.  I know they are currently worth 1 cent in metal value, but they seem worth saving.
 
We found the following varieties:
 
1) 7 1985-1989-D repunched mint marks
2) 1 1998 Far "AM"
 
And that's it.  But for my son, the hunt is more important than the actual payback.
 
We also have just under $15 in all copper pennies from 1982 and earlier (we weigh the 1982s).  The rest we roll back up and deposit back in one bank branch (where we don't ask for pennies so don't keep getting the same things over and over).
 
Does anyone know if other banks are removing the pre-1982s or is this something that the treasury does for all banks?  That must mean there are commercial machines to sort these pennies which are likely out of our budget.
 
Anyhow, I would appreciate any suggestions on other things we can look for.  We are looking for things that are easy to spot with a 10x loupe where the circulated condition doesn't make it impossible to determine.


Edited by nickelfan - 02 Feb 2009 at 6:11am
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grizzly View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote grizzly Quote  Post ReplyReply Direct Link To This Post Posted: 02 Feb 2009 at 7:36am
hello nickelfan.
 
here's a site with a few things to look for in change. i hope your boy and you enjoy the hunt.
 
steve
 
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silverguy View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote silverguy Quote  Post ReplyReply Direct Link To This Post Posted: 02 Feb 2009 at 12:04pm
I don't know if banks are doing it but I have my suspicions!  I do it though, but I play fair, I don't have a fancy machine doing it for me.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: 02 Feb 2009 at 12:41pm
Searching bank rolls can be fun.  When I started I was saving anything that looked abnormal, then I learned what to keep.  I needed the education to I.D. machine doubling verses a doubled die.  It's still a challenge sometimes.
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just carl View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote just carl Quote  Post ReplyReply Direct Link To This Post Posted: 04 Feb 2009 at 12:44am
For one thing you could learn a lot more about what to look for by going to the www.coppercoins.com web site. This web site is dedicated to just Lincoln Cents. Also, there is a web site called The Lincoln Cent Resource. To go further you could purchase a book called Looking Through Lincoln Cents by the same person from coppercoins web site. He has two such books out on just that coin.
Another suggestion is to not do to much roll searching. If possible at your banks ask for a $50 bag of pennies. The reason is most rolls are done by people that have already looked through them and rolled them at home. As a general rule, not necessarily so, most bags of coins are from stores, people that are dumping boxes, jars, cans of coins laying around for years. Also, at some banks the bags are in a vault and may have been there for many years. Another problem with rolls and you probably never counted the coins in a roll is the amount of people that roll them so they can get rid of short rolls. Those are the ones that are one cent short per roll. Sounds dumb but when you multiply this by thousands, it starts to add up and with so many out of work, that is important.
just carl
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: 04 Feb 2009 at 1:38am
Thanks just carl.  And I do just that, it's in my bookmarks
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Post Options Post Options   Thanks (0) Thanks(0)   Quote silverguy Quote  Post ReplyReply Direct Link To This Post Posted: 05 Feb 2009 at 7:30am
Originally posted by just carl just carl wrote:

For one thing you could learn a lot more about what to look for by going to the www.coppercoins.com web site. This web site is dedicated to just Lincoln Cents. Also, there is a web site called The Lincoln Cent Resource. To go further you could purchase a book called Looking Through Lincoln Cents by the same person from coppercoins web site. He has two such books out on just that coin.
Another suggestion is to not do to much roll searching. If possible at your banks ask for a $50 bag of pennies. The reason is most rolls are done by people that have already looked through them and rolled them at home. As a general rule, not necessarily so, most bags of coins are from stores, people that are dumping boxes, jars, cans of coins laying around for years. Also, at some banks the bags are in a vault and may have been there for many years. Another problem with rolls and you probably never counted the coins in a roll is the amount of people that roll them so they can get rid of short rolls. Those are the ones that are one cent short per roll. Sounds dumb but when you multiply this by thousands, it starts to add up and with so many out of work, that is important.
 
Wow, I've never thought about rolls that way.  Good point.  I may start looking for bags!  :)
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just carl View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote just carl Quote  Post ReplyReply Direct Link To This Post Posted: 05 Feb 2009 at 7:41am
 [/QUOTE]
 
Wow, I've never thought about rolls that way.  Good point.  I may start looking for bags!  :)
[/QUOTE]
I mention this due to many of the banks in my area, Bank of America for one, has a new policy. Any rolls you bring in are placed in a plastic bag. Then sent out to a company for opening and counting. The totals are entered into your account. And there is now a charge for that. No account? Either open one or pay addional prices for that service.
The reason is primarily they are getting way to many short rolls. Thousands of rolls of all denominations are poping up with one coin short.
If your a roll searcher, count your coins. Unfortunately if your short, can you prove it?
just carl
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Post Options Post Options   Thanks (0) Thanks(0)   Quote silverguy Quote  Post ReplyReply Direct Link To This Post Posted: 05 Feb 2009 at 7:48am
I would doubt you could :)  I opened a bank account specifically for searching half dollars.  The customer service rep on the phone said "Sure, we have half dollars at our branches"  so I merrily opened an account.  then when I get to the branch the clerk looked at me like I had three heads.  I never deal with banks, always credit unions, but my CU doesn't have halves.  :(  I wish they did, I hate being in a bank.  I love my credit union.

Edited by silverguy - 05 Feb 2009 at 7:48am
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: 05 Feb 2009 at 8:08am
I've yet to find any major varieties yet, while searching rolls.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: 06 Feb 2009 at 1:20pm
I've found a few varieties while searching rolls, if you know what to look for you'll see them.  But you have to study to know what to look for.  Look for the key dates and look very careful for the varieties.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote nickelfan Quote  Post ReplyReply Direct Link To This Post Posted: 08 Feb 2009 at 2:34am
Thanks for all the feedback.  I need to correct one thing after doing some additional research.  What I originally thought were repunched mint marks I now realize is just plating split doubling.  Plating split doubling is considered a common error rather than a variety and is considered non-collectable.   We did find one more 1998 Far AM and a 1956 D/D which is clearly a repunched mintmark.  I would have probably missed it if it wasn't so obvious because we haven't been checking the wheat cents.  That will change now.  We also have 1987-D that is either a repunched mint mark where the original mint mark was mangled or it's a plating blister.  I'll post pictures when I purchase either a camera or microscope with a camera.
 
I haven't counted the rolls so I have no idea if I am getting shorted a few cents with each roll.  I do get dimes with some frequency so I suspect many of these rolls are done with some sort of automation. 
 
So after searching over 5,000 pennies we found the following:
 
2x 1998 Far "AM"
1956 D/D
 
I hope to post pictures soon.


Edited by nickelfan - 08 Feb 2009 at 2:37am
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Post Options Post Options   Thanks (0) Thanks(0)   Quote bobsav21 Quote  Post ReplyReply Direct Link To This Post Posted: 12 Feb 2009 at 7:33am
The last ten dollars of 'pennies" I got were from a Southern Maine bank
and yielded the following

 52 wheaties
 506 pre-82 copper
13 1982 copper
16 Canada

Search out smaller banks  and you will have better luck than big metro
banks,

Have a good one

Bob
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: 13 Feb 2009 at 5:11am
to the forum bobsav21
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