Dean your posts piqued my interest... prior to Feb. 4th I managed to pick up 5 boxes...
I can say the whole searching through each roll is kinda fun. I certainly can say I'm not exactly getting the same luck as you.
Where are you located? I live in Toronto and there's no shortage of banks with large volumes of used coins. I also ask store owners to exchange pennies with me. Most are happy to comply and I usually go right before closing time when they are cashing out so they don't have to reuse all those pennies! I've picked out a few from the 60's and 70's perhaps a dozen from the 50's but only one from 1940.
It's just the law of averages...The more you search, the more you will find...I never found as many pre-1967 coins strictly in change, but when I started roll hunting, there they were! I have searched through 7 boxes since I've started and the old coins are quite plentiful. I'd say that on average, 5-10 % of all coins in the boxes were pre 1982 so far with the most common dates being 1975, 77, 78,79, 80, and 81. I did find 2 wheat pennies which was kind of cool.
What were the dates of the wheat pennies?You mentioned the term "RED" ... you know of any website that could explain this feature well?
RED refers to the degree of lustre on the coin.I've seen on some auction sites that talk about red, or toning.. but aside from "tarnish" or "petina" I really think this is something I'd like to learn more about but have no idea of how.
The best thing to do is to experience mint lustre for yourself...Brand new coins from rolls can be said to be red. (Although, the steel plated ones are more pink then red when in mint state)Thanks for getting me hooked... the whole time I'm doing this.... I've been thinking that I would like to do quarters next.
You're welcome Quarters can get expensive to hunt and there are few options aside from the most recent commemorative coins. The mint has reclaimed many of the solid nickel coins...The pickings are slim. I suggest you try hunting nickels. They are another neglected denomination. Many people throw those in jars too. Recently, most of the nickel nickels have disappeared too...
It's pretty sad to think that in very short order, most of our circulating coins will be no older than the year 2000. Good luck and happy hunting!
Dean