Are canvas bags used to store and ship coins anymore?
291fifth
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... or is it strictly boxes that are used today? If so, when did the canvas bags last see use?
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291fifth
Posts: 23,732 ✭✭✭✭✭
291fifth
Posts: 23,732 ✭✭✭✭✭
Comments
Certainly—
Nothing is as expensive as free money.
You can buy bags of quarters halves and dollars from the US mint site. But for bank volume I think the use "ballistic" bags, that you need a forklift to move. Then they go to a commercial place that puts them into rolls and boxes. It would be interesting to know if they still have a $50 canvass bag of cents one could pick up from the bank...
Is there an advantage of buying the 100 piece bag over the 250 piece box? Seems like more movement and bag mark potential during shipping for a bag.
I've never bought the box as I do not need that many coins. The bag is packed tightly within two shipping boxes and I doubt there is much additional damage that occurs during transit that wasn't already present. I assume the rolling process also exposes the coins to potential damage, albeit of a different kind.
Nothing is as expensive as free money.
$25 of ATB quarters in canvass bag. Most of the bag marks come from the Mint handling or in the coin production phase.
Maybe ten or so years ago, the Mint said that they would no longer be using canvas bags to distribute coinage and had canvas bags for sale to collectors on the Mint website to get rid of their inventory. I bought one and as I recall, you didn’t get a choice as to denomination. I ended up receiving a $1000 dollar coin bag. Anybody else remember the mint sale of canvas bags?
The last time I bought BU Statehood Quarters in mint sewn canvas bags was sometime in 2003. I was buying them from the local armored car coin distributor.
Those bags are likely of a very different composition than the bags that stored the Morgan dollar stock. I do not know the composition of either, but they look very different. Cheers, RickO
Everything I've seen and delivered has been in a box.
Back in the day they’d soak the bags in some kind of sulfur solution to keep the bags from decomposing. They did the same thing with the cardboard on the old coin albums which cause the beautiful toning you see today from the Wayte Raymond albums and others. Not at all sure if that process is used today with the different fabric or if they use different fabric .