buying OBW cent rolls ????'s how are cents put into these rolls?

rikker

I was wondering how the old coin rolls were rolled? When you see an auction saying obw, who put these coins in the rolls? Was it the mint? Did the mint roll coins in the late 50' to the 60's? If they did, were they put right into rolls , or into a bin and then taken out and rolled? Do the sellers of obw rolls look at the end coins and if there is not an error on it just sell them? If the end coins have no error, does that mean the rest of the roll probably don't either? Sorry about all the ?'s.

wayneherndon

The B in OBW is your answer. On these old rolls, it typically banks that wrapped the coins. They were machine wrapped from bags. As banks expanded with a branch on every corner and wrapping machines went up in price (they cost about the same as a small car these days), fewer banks wrapped their own coins. Today, virtually all the wrapping is done by the armored car services. These services are middlemen between the banks and Federal Reserve. The banks order change from the Federal Reserve, the armored car companies pick it up (used to be in bags, now in "totes"), take it back to a central processing facility, wrap and box it, and then deliver it to the bank branch that ordered it.

Back when banks were wrapping coins, they often had wrapping paper printed with the bank name. Hope that helps. If not just ask.

It is unusual to see an entire roll of coins from the same die. Usually, they are all from two or three dies. Thus, if you see a variety (e.g., RPM, DDO, etc.) on an end coin, there's a good chance there are more inside but very unlikely to find a whole roll that way. Errors (clipped planchets, off centers, etc.) typically come in groups of one. So, seeing an error on the end coin does not mean anything about whether there are more inside. The difference between errors and varieties is difficult sometimes to understand and probably worthy of another, more detailed post.

I'd guess these days that more people buy OBW rolls hoping to find high-grade coins than errors or varieties although there're still a lot of variety collectors.

WH

coindaughter

So how did coins come from the mint in the 50s and 60s?

oreville

Wayne should remember me as one of his customers from practically the prehistoric days when BU wheatie rolls went for barely $2 to $2.50 a roll and bought his whole bunch of the nicest 1943-P BU 1c rolls I had seen in quite some time.

He once had one of the larger stocks around but it is so hard to keep such things in stock!

wayneherndon

oreville,

Ohh, yes, I remember well. You got a bunch of nice rolls off of me. A lot of steelies and some of the best 1954 I've seen along with a number of other dates.

WH

TheCoinGod

Sorry for my ignorance, but what does OBW stand for ?

Thanks,

~Wilson

andy007

Original Bank Wrapper

oreville

wayne: Yes, I have been stockpiling all the spider free BU red 1954 cents I could get my hands on. I have been tremendously successful in the past 6 years.

Got to find all of three rolls plus two obw rolls out of thousands piurchased and found.

Still have them!

TheCoinGod

Thanks,

~Wilson