Modern roll newbie question

[alcmaeon-migration]

Hey There

 

Are there better banks for getting uc coin rolls of current year's coins? I wanted to pick up a few rolls of 2003 nickels. I have seen them on Ebay for silly prices plus shipping. So I went to a local branch of Washington Mutual (I'm in California) and asked for some rolls. The very nice teller smiled, went to the back and gave me mixed year roll nickels. She didn't seem to understand what I meant by asking for rolls of 2003 nickels, making it apparent that it was not either normal to get that request nor to have rolls of current year coins around.

 

So, where do the Ebay folks get there’s?

 

Thanks!

 

R--

 

[Leothelion]

Hi R--

I've learned recently they don't package mint coins in the smaller canvas bags like they use to. For example, the one I'm familiar with, the $200 bag of nickels. From those bags, the coins were rolled. Today, and I don't know when they started but now the mint uses humongous 1 ton fertilizer type bags and again, I'm not sure about the exact weight. But someone, possibly your larger branch banks or dealers will buy and roll the coins and sell to the smaller dealers who also do some rolling. Now if I'm wrong about all this, the dealer who told me all this is the one that's full of it. And no, I don't have any insider info on who has all the nickels.

But I can tell you this, recently I bought 50 mint sets and I can help you with a nice P and a not so nice D, MS64-65. The P's were great but the D's....let me put it this way. The truck that hauled the Denver coins to the US Mint must of had very bad shocks because they really took a beating.

 

Leo

[cladking]

The larger banks often have a vault manager and he might help you. Failing this then just talk to the tellers at any of the big banks, they should know what you want. It can be difficult to buy these and even harder to find a regular source so perseverence is needed. What I used to do was watch my change until I got a real nice specimen or two and I'd ask the merchant where they bank. There is a strong tendency for nice coins to bunch up so this was usually effective.

 

The canvas bags used to be packed on a pallet, and this is the size of the new jumbo bags- - one pallet. They've been switching over for three or four years and it was completed last year.

 

Good luck.

[crito]

The D mint statehood quarter OBW rolls I bought in Denver were by far the best. Many coins were equal to those from mint sets, believe it or not. The ones I get from the banks here in Tennessee are very inferior. They just spend too much time in the big bags and have traveled over too many bumpy roads to get here. But, oddly enough, roll collectors seem to prefer the obscure bank rolls. They're not really collecting coins, they're collecting wrappers, but to each his own I suppose. Of course, you could always buy mint wrapped rolls at a premium if you're looking to cherrypick. I prefer the mint sewn mini-bags, personally, just as novelty items, haven't opened any of them. They don't sell nickels that way, though. Your best bet for those is to find a local merchant willing to sell you some, as the banks reserve them for retail customers.

[kenwin1]

Yes, Some banks are better than others,What I did was to

get a $100 box "50 rolls" from all the banks in the area.

Some banks dont have them, so forget them. The ones that

do will be your best bet. I get a box every week and I

have recieved two boxes full of 2003 p. coins. It might

take a while, But I am sure you will get some!

[7557rb-migration]

Hello I am in California also. I have been able to get rolls of statehood quarters (D mint) from Feather River State Bank. I am in the north end of the state in the Sacramento area. They can get a little snobbish about the new rolls and want you to be a customer. But I have found that its not always required. You may give them a try if your near 1 of their branches

[Beijim]

What I did was to get a $100 box "50 rolls" from all the banks in the area.

 

I'm a little puzzled by this. Assuming we're talking about quarters, each roll contains 40 coins and is worth $10, right? So 50 rolls would be worth $500, wouldn't they? A $100 box would contain 10 rolls of $10 value each.

 

Beijim

[Leothelion]

What I did was to get a $100 box "50 rolls" from all the banks in the area.

 

I'm a little puzzled by this. Assuming we're talking about quarters, each roll contains 40 coins and is worth $10, right? So 50 rolls would be worth $500, wouldn't they? A $100 box would contain 10 rolls of $10 value each.

 

Beijim

 

It's nickels man! We're talking about nickels here! Get it right!

 

Leo

[cladking]

She didn't seem to understand what I meant by asking for rolls of 2003 nickels, making it apparent that it was not either normal to get that request nor to have rolls of current year coins around.

 

 

 

 

Collecting current coin went out of style in 1965 and is only now making a comeback. While some of the post 1964 coins exist in quantity now, for the main part they have been saved by relatively few people. These coins were simply saved in massive quantities and distributed to those willing to pay any premium. This is why there are so few of the dime and quarter rolls; there was no one willing to pay a premium so those saving the coins quit. Only four or five specialists saved these and sometimes a single bag was sufficient for their needs.

 

It's hardly surprising that a teller at a major bank never had anyone ask for new nickels before. ...now if you had asked for the states quarters...

[alcmaeon-migration]

Thanks for all of the replies!

 

I'm going to try your method Kenwin1. Was there any big branch bank chain that seemed to do you better than the others? I see you are in Delaware, so your big chains are probably not the same as here (California). Did you try Bank of America by chance? Honestly, I passed the point of just wanting a couple of rolls and know I'm motivated by the challenge of finding them in the first place!

 

 

Thanks Again

 

Rich

[crito]

I just picked up three 2003-D nickel rolls at the gas station at the end of my street. They look like real blazers too. He had just gotten a box of cent rolls also.

 

[Beijim]

Heh heh, I'm a complete insufficiently_thoughtful_person.

 

Queue up one course in Remedial English. My bad (as they say).

 

Beijim

 

[Leothelion]

What I did was to get a $100 box "50 rolls" from all the banks in the area.

 

I'm a little puzzled by this. Assuming we're talking about quarters, each roll contains 40 coins and is worth $10, right? So 50 rolls would be worth $500, wouldn't they? A $100 box would contain 10 rolls of $10 value each.

 

Beijim

 

It's nickels man! We're talking about nickels here! Get it right!

 

Leo

 

Heh heh, I'm a complete insufficiently_thoughtful_person.

 

Queue up one course in Remedial English. My bad (as they say).

 

 

Beijim

 

HEY! That's alright! But if your going to talk about state quarters, you'll need to take it over to the "Coin Tangent" forum!

 

Leo

 

 

 

[Beijim]

[crito]

It costs money to roll coins. Most banks order plenty of statehood quarter rolls because collectors have been asking for them... and they still only give them to customers with accounts. They only keep enough of the other denominations on hand to satisfy the demand of retail customers. So even if you have an account there they'll be hesitant to give them to you.