by Recyclersteve » Sun Aug 05, 2018 2:18 am
I don't really do this much, but when I run across really old looking wrappers I often tend to spot check perhaps a couple rolls before I leave the area that the bank is located in. I don't want to be 10 miles away and feel like I need to drive back to get additional rolls.
I try to avoid picking up Uncirculated rolls and have no issues with mentioning to the teller that I don't want to buy those particular ones.
Another kind that I am skeptical about is the rolls that have an ''X" or initials or similar marking on the wrapper- which often indicates that another collector has already gone through them. Those I try to avoid completely if possible. If there is any doubt, I might ask the teller if I can open a single roll in the teller's presence.
One tip that the coins have been gone through is if the dates all face the same direction. The odds of a truly random roll having all the dates facing the same side is one in over half a million (for half dollar rolls with just 20 coins). For penny rolls the odds are much, much more remote.
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.