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Inherited Some Old Coin Rolls - Store Or Open?

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 Posted 11/04/2013  10:34 am  Show Profile   Bookmark this reply Add BStrauss3 to your friends list
Truly unsearched rolls might sell for a small premium, but your sales pitch would be drowned out by the scammers.

Take the roll of IHC. Based on the dates, the optimist says - "gee a roll of IHC" while the pessimist says "Gee, a roll of random cents with the 2 best - IHC at that - on the ends".

So I vote with the rest, open them. But I suggest you do it systematically to give yourself some time & space to figure out if you ENJOY collecting coins and the hunt.

Pick up a copy of a grading guide (PCGS has a free app and online site) and a copy of "Strike it Rich" or "The CherryPickers Guide" and a magnifying glass/loupe. Under a decent light, spread out a cloth (clean dish towel will work) on the table, open the roll and sort by date and mintmark.

With a pad of paper handy, coin by coin, compare your coin to the grading guide and record the grade.

Check the book and see if it's a year that might have a special valued version and if so, compare the coin to the diagnostic marks.

When you then check the online price guides, remember you are looking at retail prices, and a dealer will probably offer only 50-60% of those.

If, at the end, you had fun, consider becoming a collector and roll hunter. If you find it tedious and hated it, well, there's the other answer.
-----Burton
50+ year / Life / Emeritus ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club
Owned by three cats and a wife of 40+ years (joined 1983)

Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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 Posted 11/04/2013  12:01 pm  Show Profile   Bookmark this reply Add stud722 to your friends list
I forgot to say !!!
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 Posted 11/04/2013  1:56 pm  Show Profile   Bookmark this reply Add jbuck to your friends list
I collect coins, not rolls, so I say open them.

to the Community!
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 Posted 11/04/2013  2:04 pm  Show Profile   Bookmark this reply Add CB372006 to your friends list
Thanks all for the welcome messages and feedback!

I've never really thought too much about coin collecting, but after reading through this forum and doing some more research online, I've found a lot of interesting stuff! Based on the feedback, it looks like opening the rolls is the way to go. I plan to pull the collection/rolls out of storage in the next week or so, so I'll report back on my findings.

Thanks again!
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 Posted 11/04/2013  2:32 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
I plan to pull the collection/rolls out of storage in the next week or so, so I'll report back on my findings.
Very good! We await the results.
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 Posted 11/05/2013  12:33 am  Show Profile   Bookmark this reply Add noahs-numismatics to your friends list
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 Posted 11/05/2013  11:31 am  Show Profile   Bookmark this reply Add CoinCollector2012 to your friends list



also to CCF!
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 Posted 11/05/2013  1:11 pm  Show Profile   Bookmark this reply Add argentum to your friends list
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 Posted 11/05/2013  4:27 pm  Show Profile   Bookmark this reply Add wheatchaser140 to your friends list
Can't wait.
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 Posted 11/05/2013  7:02 pm  Show Profile   Bookmark this reply Add LowLife to your friends list
OPEN THEM!! We want pics!
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 Posted 11/05/2013  7:43 pm  Show Profile   Bookmark this reply Add Joseph7420 to your friends list
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 Posted 11/06/2013  10:21 am  Show Profile   Bookmark this reply Add srs77 to your friends list
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 Posted 11/16/2013  3:16 pm  Show Profile   Bookmark this reply Add wheatchaser140 to your friends list
The suspense is killing me! I hope that this isn't a thread that never gets resolved, this could be a great story!

Take your time though, I hope nothing is wrong.
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 Posted 11/16/2013  3:21 pm  Show Profile   Bookmark this reply Add NJ Bob to your friends list


Let us know what you find!



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