How can I get brand new Jefferson nickel rolls from the Fed? I want uncirculated coins rolls?
I see people with these beautiful uncirculated coins and I’d like to start collecting them? How do I go about this? The coins are in mint condition, straight from the roll…I ask for coin rolls from the bank and I always get rolls that ordinary people wrap. I’d like to get the coins that come directly from the Fed…Please, any advice would be greatly appreciated!
The first thing, of course, is to ask these people how and where they got theirs.
You can’t get them directly from the Fed yourself, and the US Mint doesn’t sell circulating coins. They sell collector coins to individuals and dealers, and bullion coins to a small network of dealers and investment brokers. The circulating coins go from the Mint to Federal Reserve bank vaults, where they are distributed to banks as needed.
As there are plenty of nickels already in circulation, the Mint produced fewer of them in 2009 and 2010, which is why there’s a collector premium on them.
The banks that do get them don’t have them for long. Many of these banks will sell rolled coins only to customers with accounts at that bank, or to certain dealers that they have made arrangements with. Back when the Presidential dollars first came out, I considered buying a few rolls of each new one. I went to a local commercial bank and asked to be called when the next coin out, John Adams, came in. I had already missed Washington but could still get rolls easily (you still can now, just not at face value) but when the whole ‘error’ and ‘A and B’ position nonsense started, I scrapped the idea. They did call me when the Adams dollars came out, but I passed.
You can try at a large commercial bank in your area and see what they say about Federal Reserve rolls. But there’s no money in it for them, so they usually try to get away with giving out regular rolled coin.
You can always pay the premium to a dealer if you want to be sure of having them.
1986-2009 Uncirculated Silver Eagle Silver Dollars