Coins picked from circulation

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Love the 1 cent coins I actively search $25 bags of 1 cents all the time but I only seek 1 coin the ultra rare 2006 Magnetic with no P or no mint logo. These babies are worth looking for. Check them out on your favorite auction site and see what I mean. I average between $85 and $285 each when I find them depending on condition. Some guys ask $1500 or more. But I doubt they ever sell one for that. If your interested in searching for them and I know everyone of you are digging in your pockets now. The easiest way is to dump them out on a table and run a magnet over them the ones that stick set aside. The rest take back to the bank as they will most likely never be worth keeping or wasting your time looking through. The magnetic ones look at the obverse under the queen they will all have the new Winnipeg Mint logo or a small letter P  these were the trial or test coins that are copper plated steel. The ones with no marks or letters are copper plated zinc. All but a few that is, the ultra rare 2006 no P no Mint logo but attracts to the magnet could be there. It's not sure how many were struck with this obverse but it is listed in trends as a variation not a mule. Good Luck Have fun.

The rest take back to the bank as they will most likely never be worth keeping or wasting your time looking through.

In the most recent box of pennies I searched through I found:

Multiples of every date from the 1960's on
(a nice red 1963 and 1960 were in there)

At least one of each date from the 1950's except for 1955.

At least one of each date from the 1940's except for 1947 and 1948
(This surprised me...I didn't think I'd find many coins from the '40s)

a single 1938 penny

Radarjourney, would you like to help me out?    I save anything before 1967.

Dean

I actively search $25 bags of 1 cents

What are these bags? Is there similar thing in coins like in notes rolls-bags----- Are bags gotten at the banks?

Today, I received a 1965 silver 10 cent piece in change from the Empire Cheese factory in Campbellford Ont.  They're still out there!

 

What are these bags? Is there similar thing in coins like in notes rolls-bags----- Are bags gotten at the banks?

Not sure but its probably a bag that contains 50 rolls of pennies.
That's quite a lot of work going through all those pennies only to find that one key 2006 date. Even then, what is the probability that you will find one, probably the same chance of winning the jackpot on the 6/49. Keep in mind the RCM have minted a few billion 2006 pennies, of those billions only a few hundred were minted with 2006 CPS and 2006P CPZ.

Today's finds: 

$10 worth of pennies:

4 x 1962
3X 1963
1X 1970 RED
1X 1947 USA
1X 1957
1X 1945
1x 1939
5X 1965 (not sure what variety yet)
2X 1964
1X 1920   

I regret having just started roll searching...There are lots of cool coins to find and not enough time!  LOL!

Happy hunting!
Dean

Dean, you can still buy boxes of pennies from the banks.   For example, pick up 10 boxes x $25 each, and you'll have months of enjoyment searching and sorting the individual rolls of pennies, even after they are gone from circulation.   

I never really got into coins that much as a kid.. for some reason I was into nickles and for awhile collected those and had mostly a complete set with the exception of a '21 which frustrated me.

Seeing this board motivated me to go through a few change bins I had at home, and I managed to pick out a couple handfuls of pre '67 silver coin...

Now I'm wondering what are some key dates I should be looking for in terms of each denomination... I love going to the bank and getting a pile of notes looking for different serial numbers (I call it bill hunting) but this seems like it would be just as fun to go to the bank and get rolls of pennies. Any help or advice would definetely be appreciated.

Now I'm wondering what are some key dates I should be looking for in terms of each denomination...

Some of the recent key dates that come to mind that can be found in circulation are...
1¢ 1985 pointed 5, 2006 Magnetic, 2006P Magnetic and Non-Magnetic
5¢ 2000P
10¢ None really unless they are dated before 1968.
25¢ 1991, 2001 no P, 2009 Men's hockey painted Raised 2 (looks like the non-painted version)
1$ 2012 original design
2$ 2012 original design

Now I'm wondering what are some key dates I should be looking for in terms of each denomination.

I'd like to add:


Pennies:
1965 pointed 5, large beads
1955 no shoulder fold
1953 shoulder fold

Dimes:
1969 large date

nickels:
1964 extra water lines

Quarters:
1973 large bust
1991 caribou

Fifty Cents:
any date you can find...They're a bit of an oddball now so they're fun to scoop up for face value!

Nickel dollars:
Same as fifty cent pieces

By the way, today's finds include:

1957 red with a little brown
1959 x2
1956 x2
1946
1920 USA
1933 USA
1967 x3
1963 x3
1964 x3
1970 red
1953 (I think I can see a shoulder fold...can anyone tell me how to locate it?)
3X 1965 (I need some help to tell the pointed 5 from the blunt 5...I can see large beads vs. small beads easily)

Dean

1953 (I think I can see a shoulder fold...can anyone tell me how to locate it?)

Dean

Man you should buy lottery. I had no such luck with pennies.

The most interesting find I had was a regular quarter in a roll of loonie. I was cheated of 75 cents. I guess thats the game you play.

Regarding the shoulder fold. The Charlton publication has described it well. If you look at the "I" in DEI. The NSF variety has a bit of a serif (they call it flare) and the SF variety does not. Also the axis of the I in DEI points between two large denticles in NSF and points between the denticles in the SF variety. It is on page 62 in the latest edition of Canadian Coins Volume 1.

Some of the recent key dates that come to mind that can be found in circulation are...
1¢ 1985 pointed 5, 2006 Magnetic, 2006P Magnetic and Non-Magnetic
5¢ 2000P
10¢ None really unless they are dated before 1968.
25¢ 1991, 2001 no P, 2009 Men's hockey painted Raised 2 (looks like the non-painted version)
1$ 2012 original design
2$ 2012 original design

There is a variety with different types of grass for the Terry Fox loonie and  there is 2010 toonie with lesser amount of serrations than normal.

Thanks Rupiah for the advice on locating the shoulder fold.

I live in Toronto so I'd imagine that because of the volume of coins circulating through the banks, there is bound to be an abundance of older coin.

I went into my local bank and asked if they had anything special.  They said that this "old guy" (Why is it always old guys?  ) came in and cashed in a whole lot of stuff the day before.  I offered to buy it all, that way it saves the tellers the trouble of picking through it. 

This is what they gave me:

15 rolls of hand wrapped pennies which included 5 rolls of coins from 1970-1977, most of which were RED.

2 rolls of 1973 RCMP quarters (no large bust though)

1 roll each of 1976, 77, and  2 rolls of 79 quarters (I suppose they're ok to keep if only for their metal content)

Today's finds from the penny rolls include:

1 x 1919 USA

35 x 1969
27 x 1968
12 x 1967
4 x 1966
5 x 1965
12 x 1964
9 x 1963
7 x 1962
4 x 1961
2 x 1960
7 x 1959
2 x 1958
6 x 1957
2 x 1956
1 x 1955
1x 1954
3 x 1953
1 x 1952
3 x 1951
2 x 1950
1 x 1947 ML (ptd 7)
1 x 1946
1 x 1945
2 x 1942

 They told me that they shipped the mutilated stuff out the day before and that had the rest of the guy's hoard in it.  The teller said that there were 2 rolls of 50 cent pieces, pre 1986 dollars, and a bunch of old notes with the queen on them that "looked like Canadian Tire money." (I can only assume they are 1954)
She said that she didn't think to keep the 50 cent or dollar coins because "nobody uses them or asks for them".

I left my contact information with them after educating them on these items and they now know to keep everything for me.  How nice!  The only thing they would not bend the rules on were the $1000 bills 

Tips on getting old coin/paper money from banks:

1.  Be friendly:  Go in when they're not busy.  Don't ask them to do too much.  The teller told me that there is another collector in the same mall who wants them to pick through and save specific items...They don't have time for that!

2.  When you see hand rolled coin in plain paper, it's most likely someone rolling up their change jar, a favourite hiding place for old coins!

3.  Offer to buy everything in one shot if you can afford it.  This saves the tellers time and aggro.

4.  Just ask!  Most people don't collect.  Tellers won't know what you want unless you ask for it!

5.  Patronize the same branch.  The tellers will get to know you after a few visits.

6.  find out when they ship out their mutilated currency, then get in there before that day!

Happy hunting!
Dean

Great tips. Thanks for offering that up. I have also bought donuts for the staff on occasion to express my gratitude. They seem to appreciate that and have called me when old bills showed up.

The only thing they would not bend the rules on were the $1000 bills 

Happy hunting!
Dean

Good suggestions.

Why would they not give the 1000. In any case I read some threads which seem to suggest that 1000 bird was not that much of value.