Rolls from the mint...

my3cents

I have never made a purchase from the mint but I got ahold of several rolls of quarters at my local bank. They said they were straight from the mint. The coins are in sealed plastic wrap with both ends open - not in paper rolls.

I'm curious - anyone know where these may have come from? The mint?

Thanks for answers

LickThoseStamps

Yep. All legal coins come from the mint.

my3cents

lmao

morgansforever

I've found that Mint wrapped rolls are just as ugly as the NF String n Son rolls.

Buy them from the bank, at least there face value.

commoncents05

yeah you're better off buying them from the bank. When you get them from your bank, they actually come from the Federal Reserve, because the Mint itself does not distribute money like that.

LindeDad

I have found that most bank tellers are lucky if they know it came from the safe. Before that they have no idea of how the money distribution system works.
Just my 2c's.

LickThoseStamps

Chances are, they are fresh from the federal reserve.

my3cents

If they are straight from the FED, would that imply uncirculated?

FLBuffaloHunter

The Mint doesn't roll coins, they ship the coins out to contractors in huge bags that handle the wrapping and then ship them to the Federal Reserve which is where they get shipped to banks from. I've heard the bags of coins the Mint sells often has better quality coins than the rolls. Possibly due to less handling.

FLBuffaloHunter

<< <i>If they are straight from the FED, would that imply uncirculated? >>


Technically, the contrator wrapped rolls are uncirculated because they have never entered circulation and came straight from the Mint.

my3cents

Thanks for the answers!

dcamp78

The paper wrapped coins are from the mint's coin wrapping vendor.
These should not have ever been in circulation, but there will be bag marks, etc.

The plastic wrapped coins have been returned to the Fed and have been washed,
and all of the damaged coins should have been removed.

If you want rolls to keep, buy the paper wrapped coins.
If you want to cherry pick, ask for coins that have been
deposited that day. These are from folks that have wrapped
all of their coins for deposit. I have found many nice older
coins this way. I recently found about 30 1995 pennies
in BU condition in a roll. I'm guessing that these were in
someone's penny jar for a long time...

Good Hunting!!!

tahoe98

I've heard the bags of coins the Mint sells often has better quality coins than the rolls. Possibly due to less handling. >>





i'm sure the mint is just as clumsy as the contractors.

Bochiman

<< <i>
The plastic wrapped coins have been returned to the Fed and have been washed,
and all of the damaged coins should have been removed.
>>




Not quite....some of the contractors use the plastic instead of paper. BoA has these. I get SHQs new and in these rolls. I've also gotten yearly nickels and lincolns this way, too.
Not always a guarantee it will be 100% but when they are (like, 2006-d jeffersons all in the roll), then it is new and OBW.

quickwing

What about the "Mint Wrapped Rolls"? Are these sent from the mint to a vendor to roll, and then on to the "US Mint Fulfillment Center"? Or does the mint roll these?

FLBuffaloHunter

No they are the same coins shipped to the contractors using different wrapping paper. The Mint has a different contracor which supplies the coin wrapping paper to the rolling contractors. The Mint does not have rolling equipment but they do have coin counting and bagging equipment, the only ones the Mint might process themselves are the coin bags they sell.

cladking

I have a lot of doubt that anyone washes these after they leave the mint but
otherwise everyone's basically right. The 12 FED branches themselves hardly
even see a coin anymore. They have a few million in storage on site probably
but they no longer wrap, count, or handle coins directly much any more. These
jobs are contracted out by the FED to the counting houses like Brinks or Purolator.

The FED still tracks these coins and orders them from the mint but they are shipped
elsewhere. Most of these companies use the shrink wrap rolls which are filled from
large hoppers into which returned coins and balistic bags from the minted are dump-
ed. If these hoppers aren't emptied before a balistic bag of new coin goes in there
will be mixed rolls before they're solid new coins. All the circulation coinage leaves
the mint in the large bags now. It's possible, though, that some which end up in mint
wrappers leave in totes or some other way.

GrumpyEd

BRINKS uses the clear plastic shrink wrap rolls.

dcamp78

I stand corrected. The washing process I was thinking about is done after they have been minted
and before they get bagged.

Sorry, Dudes!

richbeat

GrumpyEd is correct. Brinks ships plastic shrink wrapped rolls in taller, thinner boxes. Loomis ships paper wrapped rolls in wider, flatter boxes with holes to check for missing rolls. I have occasionally seen Loomis ship the Brinks style boxes with plastic shrink wrapped rolls.

Gemineye

<< <i>Rolls from the mint... >>

.....are wrapped by Oompa Loompas..........