I am a coin roll hunter at my local banks and I had read somewhere that silver will throw off the weight and will be back ordered to the mint. Is this true meaning that the only way to find silver coins is to look through rolls people have brought in? Thanks!
First of all the only rolls the mint makes are ones sold at a profit. They are usually in special wrappers. Coins are sent now in large boxes (no more cloth bags) to the 12 Federal Reserve banks and they either wrap them, or farm out the job to a company. These are all new coins, old coins never are returned to the mint, in the past, 1800’s, they were but not since then. The mint does store coins and may keep them until the Federal Reserve needs them, they are in boxes. I am not so sure about coins from coin star and the like, they may weigh them to make extra money from the silver that people put into their counting machines. The best finds are in home type wrappers that people bring in. It is not impossible to find a mix roll of say buffalo nickels that got sent to the bank by mistake or the person did not know their value. As A coin collector advise family of values of coins you have to stop them from spending them. In the weekly coin magazine Coin World there is a monthly column called "found in rolls" and he has good advice.
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First of all the only rolls the mint makes are ones sold at a profit. They are usually in special wrappers. Coins are sent now in large boxes (no more cloth bags) to the 12 Federal Reserve banks and they either wrap them, or farm out the job to a company. These are all new coins, old coins never are returned to the mint, in the past, 1800’s, they were but not since then. The mint does store coins and may keep them until the Federal Reserve needs them, they are in boxes. I am not so sure about coins from coin star and the like, they may weigh them to make extra money from the silver that people put into their counting machines. The best finds are in home type wrappers that people bring in. It is not impossible to find a mix roll of say buffalo nickels that got sent to the bank by mistake or the person did not know their value. As A coin collector advise family of values of coins you have to stop them from spending them. In the weekly coin magazine Coin World there is a monthly column called "found in rolls" and he has good advice.
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50 years a numismatist