I have two young children who, as many children are wont to do, when
they walk around look for change on the ground. Last week, the elder
(who at 6 is very much into saving & earning money) said "Dad, I found
a penny on the ground but it looks funny." He handed it to me and
what he gave me was an off center strike lincoln cent. (Note: I've
confirmed with a coworker who collects coins that I really do have a
mint error penny.) When I went on eBay to look for off center strike
pennies I found out that this one penny is worth a couple hundred
pennies. I told my son that his penny could be worth about two
dollars his eyes lit up and he said "Where can I find more of these?"
Doing a little searching on the 'net I came across a page from someone
who said the best way to find errors is to get bags of coins directly
from the mint. A bag of 5000 pennies only costs $50 and my son has
all the time and patience in the world (one Saturday he picked up 600
pine cones in the front yard at $.01 each to earn money) to examine
pennies one by one looking for mistakes. I am left with a few
1. From where can I get bags of new pennies directly from the mint (I
am assuming that the most likely place to find errors would be before
anyone else has had their hands on them.) Can I just get them from a
bank or do they have to be ordered? If they have to be ordered, from
2. Once he's gone through a bag of pennies, how do I then dispose of
the non error ones so I can purchase more pennies? I am guessing that
most financial institutions won't be e***d about having to deal with
a bag of 5000 loose pennies.
3. Is this a totally stupid idea?
Thanks for the help.