Mint Fed Boxes

DanArgent

As previously mentioned on this board I work as a teller at a bank. We just got a fed truck in yesterday and we got 8 boxes of $500 in quarters. Al boxes are straight from philidelphia and contain all texas quarters. We opened one and all the quarters are in verry high grade. Ho wmuch would something like this go for?

I also see mint rolls of just about every other type of coin. and I'm interested in how much they are worth to collecters. is it worth my time to set them aside in my drawer?

Dan

clackamas

I am not sure they would go for too much of a premium but maybe someone would pay a premium. The only way to know is to buy them and try.

numonebuyer

I hope you have a good relationship with your head teller and/or branch manager.

ms70

See this thread.

DanArgent

I see that they won't be to much of a premium but we get these in pretty often. and I have an exelent relationship with the head teller. You see my grandfather is the owner/president of the bank and its a small town so everyone is freinds hear.

Dan

fishcooker

Do the boxes have special labels, such that a buyer would know they are Mint?

Neptune

I don't think enough premium to cover the bear of shipping costs.

fishcooker

Looks like the rolls sell pretty cheap. Better to work at McDonalds.

clackamas

You may buy a box and wait a year or so. If they sell for more money than you would get in a normal investment it may be agood place to put your money. I have done this with other rolls instead of putting the money in stock, etc.

earlwbollinger

Many collectors will get the annual uncirculated or proof coin sets from the mint.
These mint sets don't normally get run through boxes, handled by dirty hands, collection bins, sorting and counting machines, so they are less dinged up and scratched as compared to the rolls.
The collectors then cherry pick through the mint sets, remove the best coins from the sets and submit those coins
for grading.
Although there might be some good cherry pickable coins in the rolls, I never found one myself.

But if there is a variety or type of coin, such as a new double strike variety or culls, or clipped planchettes, or strikes on the wrong planchette; it may be worthwhile to go through all the coins and see if you have any of those varieites or errors in there.
For example in Jefferson Nickels, everyone likes to get the FS "full step" variety, as these are the few coins at first struck on a particular brand new die, before it gets worn down from the hard nickel metal.

oreville

There are no more US Mint "Fed" Boxes. That practice stopped close to 40 years ago; somewhere around 1964.

The boxes have since been done by the various Armored Car services such as Titan, Brinks, etc.

Since many many years ago, the US Mint distributed the coins in Mint bags through the Federal Reserve Bank system.

Since sometimes in the 1970's, the various regional Federal Reserve Banks contracted out shipments through privately owned armored car services to the various member banks. The armored car services also were charged with putting the coins into boxes, rolls (in boxes), and only in the case of US Mint bags including the Statehood quarters did the various car services leave the original tagged and sealed US Mint bags alone as is.

The smaller denominations are now sent by the US Mint in megasized US Mint bags that only a forklift can carry (since, I believe mid-year 2000 or 2001?)

richbeat

"Do the boxes have special labels, such that a buyer would know they are Mint?"


At the bank where I used to work, Brinks supplied our coin. The new state quarters would ship in a $500 box with white tape. The regular quarters came in a $500 box with standard tan colored tape.

oreville

Mint as meaning new? Or Mint as meaning directly from the US Mint?

There has been no such thing as US (Government) Mint boxes.

The closest thing to an original Mint box would be the boxes that are labeled Federal Reserve Bank of XXXXXXXXX" (New York, Cleveland, Philadelphia, Kansas City, etc. ) that are boxed rolls. They were last done by the Federal Reserve member Banks themselves back in the early 1960's as I recall. They