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I've been searching coin boxes for a few yrs now. Haven't found one steel penny from 1943 yet.
Question is,do the coin counters @ brinks & others kick the steel penny out because of composition ?
Maybe people just keep them, I find enough foreign coins,dimes and even the flattened cents to think the counters aren't very accurate. How in the world could a flattened,oblong cent possibly get in a $50 bag is beyond me.
That's a very interesting question Ken. I just don't know if their machinery will do that or not. If it does, that may explain the absence in Brinks/Loomis etc rolls. Have you only been buying those type rolls, or have you bought hand wrapped rolls with no luck either? I have found just a few steelies over the past few years, but none from Brinks type rolls.
Bob Piazza
Former Lincoln Cent Attributer Coppercoins.com
That's a very interesting question Ken. I just don't know if their machinery will do that or not. If it does, that may explain the absence in Brinks/Loomis etc rolls. Have you only been buying those type rolls, or have you bought hand wrapped rolls with no luck either? I have found just a few steelies over the past few years, but none from Brinks type rolls.
Steelies stick out like a sore thumb and even the not collectors (and possibly mostly those because they think there is special value in it) recognize and pull them. They're probaly all sitting in various jars and drawers rusting away. I have found some in bank bags and hand rolls.
Most of the rolls I get are Loomis and I have yet to find one either. I have to agree that I get a number of other odd things pop up and that the counters themselves would not be at fault.
My nephew worked for one of the companies (Wells Fargo or Loomis, etc.) about 15 years ago and had handfuls of steelies because they were rejected. He also had a good bunch of 1909 and early wheats. So anybody who works for the company, could also be grabbing them out of circulation.
Last week I was cashing in a small bag of cents at a coinstar machine. Some coins must have fallen off of my desk into the bowl they were sitting in because in the reject bin I pulled out a steel cent. I would suspect that the coin counters in most bank vaults are equally as discerning.
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I put several hundred dollars of coins thru the banks counter each year; the canadian steel get caught by the magnet. So I expect the 1943 do also.
George
Easy- counting machines have magnets - pretty powerful. Picks all the steroids up. Some bank machines you can check the magnet - we find an occasional steroid and a ton of Canadian and groin coins.
Roger
The company's that use automated systems have magnets, they are designed to remove slugs and steel Canadian cents, I get my rolls way up north here and get lots of Canadian cents, all bronze never steel unless they are hand rolled.
Even a fool can look wise if he keeps his mouth closed.
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