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Is it better to have pennies rolled?

PostPosted: Sun Jun 09, 2013 4:02 pm
by Broseph
I'm sure my bank would roll my copper pennies for me. Would it be easier to store/ship them? I think I might try it out.

What do you guys think?

:wave:

Re: Is it better to have pennies rolled?

PostPosted: Sun Jun 09, 2013 8:31 pm
by Morsecode
Why not? If your bank will do it for free, and you can get nice tight crimped over ends...I'd do it.

Though some future buyers may not appreciate opening all the rolls :lol:

Re: Is it better to have pennies rolled?

PostPosted: Sun Jun 09, 2013 8:40 pm
by Broseph
Maybe I'll sell lot both ways and see which is preferred?

Re: Is it better to have pennies rolled?

PostPosted: Sun Jun 09, 2013 8:53 pm
by henrysmedford
If your bank rolls coins they most go through a lot of coin. Will they sell you bags of coins.

Re: Is it better to have pennies rolled?

PostPosted: Sun Jun 09, 2013 10:15 pm
by Broseph
They occasionally get bags of coins from vending machine personnel, but after only getting 1 or 2 silver dimes for $500 face searched (and no canadian dimes) I realized that machines probably weight them out and lower the ration of finds.

No penny bags, since machines don't take them :/

Re: Is it better to have pennies rolled?

PostPosted: Tue Jun 11, 2013 4:21 pm
by Zincanator
I think it depends on spare time available, how many you plan on sorting, and how quickly.

Following my OCD tendencies, I prefer to roll mine, then put in the $25 bank "brick" boxes. Easy to count entire stash at a glance. Easy to stack 3-5 high. Easy to label contents. Easy to move. Sleeves and boxes are free from the bank.

I say that as a casual hand-sorter and occasional buyer.

If I had the type of automated sorting operation several folks here do, processing hundreds of thousands of pennies quickly by machine, I'd probably put mine in those 5-gallon buckets you can buy at the home improvement stores.

Re: Is it better to have pennies rolled?

PostPosted: Tue Jun 11, 2013 8:07 pm
by Broseph
I mean having them roll them with their machine, not by hand

Re: Is it better to have pennies rolled?

PostPosted: Tue Jun 11, 2013 10:06 pm
by 68Cougar
I'm a bit more ocd than zincanator. I roll mine, tape each end, mark each roll Cu, box them in string boxes, glue the flap shut, and then mark the box Cu and date it.

Re: Is it better to have pennies rolled?

PostPosted: Tue Jun 11, 2013 10:19 pm
by Mutation
My buddy sorts coins and he says that his banks dont take rolled coins because people were shorting the rolls. It all has to go in the coin counter-