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Is a new box of pennies really all 2012's ?

PostPosted: Fri Jan 20, 2012 2:07 am
by TwoAndAHalfCents
In about a month or so, boxes of 2012's should start showing up which can probably be flipped for a nice profit for those lucky enough to get them early. But how can you be certain that a sealed box has nothing but new uncirculated 2012 pennies in it? Do some boxes come straight from the mint with identifying marks to ensure that they are all from a new batch? I have never seen any boxes like that but I have picked up boxes filled with machine wrapped rolls that sure look like they are solid 2011-D rolls. Without cracking open every roll and checking every coin, can you be certain that no coins from prior years are mixed in?

Do buyers and sellers of these boxes just assume that they are 100% new uncirculated pennies? If all but two pennies in a box are what was expected, that's still a 99.9% accuracy. Maybe that's good enough. Maybe the exceptions are even less frequent than two per box. Does anyone here have first hand experience where a buyer of such a box happens upon that single unexpected penny among the rest? I would sure hate to be on the selling end on eBay where a buyer tried to get a refund after finding one bad penny hidden somewhere inside one of the rolls.

I decided to take a closer look at four boxes that I suspected where solid 2011-D's that where among the boxes I picked up last month. My results were mixed.

Box #1 - Box of machine wrapped rolls in plain brown paper wraps. A quick inspection through the holes in the top of the box showed only shiny new shield reverses or 2011-D dates on the few rolls where I could peek through the holes and past the crimped paper to see a full date. I opened the box to individually weigh each roll. The first 49 rolls weighed in at a little over 126 grams each (50 x 2.5 grams for the pennies plus a little more than one gram for the wrapper). But the last one revealed that my box was not pure. It had a 2006-D showing on one end and it weighed about 127.5 grams. The extra weight suggests that there were two coppers in the roll. The 2006-D on the end has me wondering how many other assorted zincs are mixed in that roll or even the other 49 rolls.

Box #2 - Just like #1 in appearance. Checked both ends of each roll and saw nothing but shields and 2011-D's. So far so good. After weighing all of the rolls there were three in the 127 to 128 gram range. That's extra weight from coppers inside. Another less than perfect box.

Box #3 - Same type as the first two. Two of the rolls weighed in around 123.5 grams. I suspect those only had 49 pennies in them. Four other rolls were slightly overweight with the worst being no more than 128.5 grams. It was the worst box of the three. It's a "mostly 2011-D" box but I wouldn't want to be the guy with an auction like that on eBay.

Box #4 - This one was all String & Sons wrapped rolls - the white paper with red at the ends. All rolls weighed in very close to 126 grams. The crimped ends of the rolls covered more of the surface of the coins on the ends so I didn't see the entire date on many of the coins on the ends. Of all the boxes, I would say this is the only one I would call a 2011-D box and that I would attempt to sell as such if there was still a marked for the 2011-D's.

I don't know which company rolls the coins from the first three boxes - the ones wrapped in the plain brown papper. But I would say that boxes coming from that source are not something that I would try to sell as solid 2011's (or 2012's). I also noticed that the machine they used to do their wrapping left scratches on the face of many of the coins on the ends. So even if the boxes were consistently solid 2011-D's, the damaged coins could be problem for a potential buyer.

Re: Is a new box of pennies really all 2012's ?

PostPosted: Fri Jan 20, 2012 10:52 am
by fasteddy
TwoAndAHalfCents wrote:coming from that source are not something that I would try to sell as solid 2011's (or 2012's).
I have found the same thing...the brown rolls are usually "dirty" rolls. The "string" boxes sell as new uncirculated boxes. I have been buying boxes again trying to get to these new 2012's to try and make a little xtra for the hobby before that market goes away.

Re: Is a new box of pennies really all 2012's ?

PostPosted: Fri Jan 20, 2012 11:50 am
by newton7
I have discovered that both String and Brown rolls may contain used pennies in with the new ones. I had a lot of 2010 and 2011s boxes left over so I decided to start breaking them down and cash in the money. Both years had some of the used pennies in boxes that looked new and shinny on both ends of the rolls. On a side note, I had some plastic roll boxes to that were all new pennies which I guess is the only real way to say, yes 100% new.

I bet it is a standard that if it is packaged by String or other and it looks factory, it is what it is. I to sold new pennies in the past and will do again but the buyer has to understand that I do not control what the big guys pour into the rolling machine. The only kick back I have gotten from a Bay sale was a guy who did not read the post well or look at the pictures of the brown wrappers and stated he wanted String over brown. We were able to come to an agreement with out shipping them back.

In my mind, the String boxes are the standard to measure up to but if your just going to unroll them and hunt for errors why not buy the cheapest new box of pennies you can?

Back in 09 when the new cents came out no one cared if there were some mix to them or not. They just buy buy buy them as fast as I could sell them.

Re: Is a new box of pennies really all 2012's ?

PostPosted: Fri Jan 20, 2012 1:18 pm
by everything
Bought a few rolls of 2009's at a garage sale last year, they were uncirculated, came in plastic rolls.

Re: Is a new box of pennies really all 2012's ?

PostPosted: Fri Jan 20, 2012 11:11 pm
by TwoAndAHalfCents
Thanks for the feedback guys. I think I'll focus on looking for the String & Sons sources for 2012's.

I went back and cracked open the roll from box #1 that had the 2006-D on the end. It only had 38 new 2011-D's. There were 11 circulated zincs and one copper (an ugly 1961-D) inside.

Re: Is a new box of pennies really all 2012's ?

PostPosted: Sat Jan 21, 2012 12:38 pm
by copper cane
I can see the hesitancy of selling a "maybe" all 2012 box on ebay. But some of us smaller town people never see a full or almost full box of a new year so putting it on sale here with a "maybe" attached wouldn't cause a problem because some of us would just be glad of get 50% + new and totally understand you can't guarantee more. You'd be advertising them honestly and we'd be very happy to get at least some rolls. Just a thought from a small down collector.