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Found In Rolls is Back!

Friday, March 26th, 2010

I have added the “Found in Rolls” website to Ask About Coins!
Each section of “Found In Rolls” has been added as a post so that navigation from one section to another becomes fun and easy!

You can start on the “HOME” page by simply clicking on the title of the post to open up each page! The top of each page will provide links to the previous post or to the next post so that you can easily navigate from one page to another.

In fact, the top of this page has a link to the “Found In Rolls” – Tokens and Exonumia page. Click on that link to start your journey!

As an alternative, you can use the menu feature to browse by using the CATEGORIES list. Simply open the drop down list and click on “Found In Rolls” !

At the bottom left of each page, you will see a link to the “older entries” use that to view the rest of the “Found In Rolls” pages.

You will see pages for:

Tokens and Exonumia
World Coins
Coins of Mexico
Coins of Canada
United States Die Varieties
United States Error Coins
United States Dollars
United States Half Dollars
United States Quarter Dollars
United States Dimes
United States Five Cents
United States Cents

As I can, I will be adding images to the pages. The pages for the CENTS, NICKELS and DIMES have some special features that you can see when you check them out. I will be adding the same features to the other pages as I continue to add images of more coins to each page.

After you are done checking out my “Found In Rolls” Collection of “Fabulous Fun Finds”, Click on the links to the ARCHIVES to view my other numismatic writings!

Have Fun,

Bill O’Rourke

Member:
ANA (American Numismatic Association)
NLG (Numismatic Literary Guild)

Posted in Collecting, Die Varieties, Error Coin, Found in Rolls, Mexico, Non-United States Coins, canada | Comments Off

Found In Rolls – United States Die Varieties

Thursday, March 25th, 2010

As the author of the “Found In Rolls” column as seen in “CoinWorld Magazine” I find a large number of collectible coins in rolls that I obtain from local banks and credit unions. Since I can’t fit all of my discoveries in my column, I thought that I could share some of my other finds here.

1972 Lincoln Cent- Doubled Die Obverse - Die #1

1972 Lincoln Cent - Doubled Die Obverse Die#1 - LIBERTY

1983 Lincoln Cent - Doubled Die Reverse - Die#1

1995 Lincoln Cent - Doubled Die Obverse - LIBERTY

1964 D Kennedy Half Dollar - Quadrupled Die Obverse

Posted in Collecting, Die Varieties, Error Coin, Found in Rolls, Uncategorized | Comments Off

Found In Rolls – United States Cents

Thursday, March 25th, 2010

1893 Indian Head Cent

1894 Indian Head Cent

1895 Indian Head Cent

1896 Indian Head Cent

1897 Indian Head Cent

THERE’S MORE!
Simply Click on any image, as seen below, to view a larger picture of that particular coin in a separate window!
This section will have more “Found In Rolls” discoveries added to it regularly so be sure to come back often!
HAVE FUN!

Let’s start in the year where the Lincoln Cent began, 1909. Many times when I discover a cent dated 1909 or 1909 VDB (Victor David Brenner), it is in Very Good-8 (VG-8) condition or better. I think that, as we do today, many people saved a few examples of the then new Lincoln cent issue thinking that they will be worth something someday. Consequently, while roll searching I have found a wide range of conditions of 1909 and 1909 Lincoln, VDB cents and although most would be graded as Very Good-8 (VG-8) or better the conditions vary from a low of About Good-3 (AG-3) to a high grade of Mint State-65 (MS-65).

As we get past the first year of the Lincoln Cent, where things can be a little skewed due to hoarding, I see a great many of the earlier dated Lincoln cents that are “worn to the bone”, so to speak. A little research indicates that during the early days of the Lincoln Wheat Ears Cent, a cent (penny) actually had some buying power.

Back in 1910, five cents would buy you a Coca-Cola. Sauerkraut is around 15 cents for a large can and steak is around 18 cents per pound. By the 1940s ,one cent could still buy bubble gum, licorice candy, jaw breakers, peppermint sticks, grab bags, or small bags of pop corn or salted peanuts.

I see a lot of wear on most of the one cent coins that I find that are dated from 1910 through 1919 and I think that stems from high consumer use and mintage figures that are small when compared to today’s mintage figures. I generally see less wear on the cents of the 1920s as each year of mintage, although still not in huge numbers adds to the previous year’s supply of cents. With more cents in circulation, there has to be less wear per coin as more coins are passing through the hands of the public. Although still quite worn, these are not as worn as some of the earlier Lincoln cents.

Have Fun looking through the Lincoln Wheat Ears Cents (Pennies) on my Found In Rolls page!

Posted in Collecting, Found in Rolls, Uncategorized | Comments Off

Where are the New 2009 Dated Lincoln Cents?

Wednesday, April 22nd, 2009

Generally by February of each new year, I discover the current years cents in rolls. It was not until July 8, 2008 that I finally found a 2008 D (Denver Mint) cent in a roll obtained at my local bank.

2008 D Lincoln cent - Obverse

This would not usually be big news except for the fact that Mint officials, in a report to the United States Congress, has indicated that U.S. Mint revenue has gone down 12 percent during the second quarter of the 2008 Fiscal Year. This is as compared to revenues for the same period during Fiscal Year 2007. The reason…Sales of circulating coinage to the Federal Reserve System are down. Coins are actually sold from the Mint to the Federal Reserve based on demand and a need for circulating coinage.

It seems that the need for cents was down resulting in a longer period of time before 2008 D dated cents made an appearance here on the west coast. This seems to be same with respect to 2008 Philadelphia minted coinage as evidenced by the many discussions on various internet forums with respect to the lack of 2008 cents being found in circulation.

The sluggish U.S. economy is being implicated as one reason for the lessened demand for coins in circulation. The trend seems to be continuing as it is April of 2009 and I have yet to see one of the NEW Lincoln Childhood Cents in circulation. Again they are languishing in the Federal Reserve vaults awaiting orders from banks before they will be released. Hopefully we will see them soon! I’ll let you know when I find one!

Posted in "Roll Searchers' Newsletter", Collecting, Found in Rolls, Mystery Coin | Comments Off

Making Sense of Cents !

Thursday, April 2nd, 2009

In the United States, we do not mint pennies. What’s that? You might ask! That’s right, although they have commonly been called pennies for generations, they are really a denomination called a CENT.

Look at the coins, They have the words ONE CENT on them. CENTS and HALF CENTS were first struck for circulation in 1793 under the authority of the United States Government. Those ONE CENT coins were larger than today’s modern cents (larger than a current quarter dollar) and the weight of a CENT was, by law to be exactly twice the weight of a HALF CENT.
LARGE CENTS were produced from 1793 to 1814 and from 1816 to 1857. There were none produced that are dated 1815 due to a copper shortage at the time.

SMALL CENTS were produced for circulation starting in 1857 in the form of what is known as a FLYING EAGLE CENT. Some specially produced FLYING EAGLE CENTS dated 1856 also made it into circulation but they were not really supposed to. From 1859 to 1909, different versions of the INDIAN HEAD CENT were produced.

Indian Cent Reverse

In 1909, INDIAN HEAD CENTS were produced as well as the new LINCOLN HEAD CENTS. We are actually celebrating the 100th Anniversary of the Lincoln cent in 2009!

1909 Lincoln V.D.B Cent

The LINCOLN CENT was modified from the WHEAT EARS type reverse to the LINCOLN MEMORIAL type reverse in 1959 and is still being produced today. The CENT is the equivalent of 1/100th of a dollar.

Lincoln Cent Memorial Reverse

So, whats a PENNY? Although the dictionary includes as a secondary definition that the “PENNY” is a cent of The United States or Canada, The Primary definition is that a PENNY is a coin of Britain equal to 1/12th of a Shilling or 1/240th of a pound.

1918 ONE PENNY of Great Britain

Since 1971, The United Kingdom began to produce a penny that is the equivalent of 1/100th of a pound. The coins was called a NEW PENNY! After a few years and as the public in Great Britain got used to the NEW PENNY, the words ONE PENNY were again placed on the coin.

1989 ONE PENNY of Great Britain

Feel free to ask your questions about CENTS or PENNIES.

Posted in Collecting, Non-United States Coins | Comments Off

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