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 Replies: 29 / Views: 3,897 |
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New Member
 United States
26 Posts |
Quote:BTW, this phony term was in use when I began collecting back in the early 1970s, way before ebay was around. That is really interesting! I guess it doesn't suprise me to much. Where I get confused is from the collectors who are actually purchasing these lots. I mean, isn't it common sense? But yet it seems to be a trap that many continue to fall into. |
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Pillar of the Community
United States
911 Posts |
Hello Duma2015 - good luck on acquiring coins for your collection. In regards to your original question - "unsearched coin lots" on ebay or elsewhere are 99.999% searched and odds of getting a key date coin are almost zero. Yet sellers of "unsearched coin lots" may have great feedback, so you can spend $30 for a rolls of pennies with a value of about $8. My suggestion is to buy the coins you want at the grade you want from sellers with good photos and occasionally when the spirit moves you buy a lot or roll but only bid close to value of the end coins. Best Regards |
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Pillar of the Community
United States
2207 Posts |
Quote:
Where I get confused is from the collectors who are actually purchasing these lots. I mean, isn't it common sense? I think most people take the description with a grain of salt. The reason they're buying the lot is because it has the coins they want, and the possibility of finding a plum coin just heightens the excitement; however, they're not going to be disappointed if they don't find anything extraordinary. Saying "unsearched" is like a bit of added entertainment. |
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Moderator
 United States
54282 Posts |
Think about the term "unsearched" for a while. Unsearched means not searched. Searched means what? Search means to look for something. What something? Rare dates? Mint Marks? Higher grade coins? Errors? How do coins get into a state to be called searched or unsearched? If you just happened to find a jar of 500 cents in an old abandoned warehouse - how could you possibly know if they were ever searched or not? If you buy coins from someone, and they tell you they are "unsearched", do you just believe them? I see so many ebay listings for "unsearched" cents where the seller just says they got them from someone that told them that they were "unsearched" -- and you believe that? Where are all the listings on ebay for SEARCHED coins? They can't ALL be UNSEARCHED. Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here) |
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Moderator
United States
54282 Posts |
"Searched" coins are what you find in an ebay listing for a roll of "unsearched" coins between an Indian Head cent on one end and a "VDB" cant on the other end. Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here) |
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Pillar of the Community
United States
4211 Posts |
 If you are starting with an empty folder / album a roll or two might be fun. But after that just shop for the coins you want / need. And  |
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Bedrock of the Community
United States
94367 Posts |
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Pillar of the Community
United States
666 Posts |
nss-52: That is a very helpful guide you wrote up on ebay. If you will excuse the unsolicited suggestion, perhaps consider one edit: Quote:1) Check the feedback received by the seller--negative, neutral, and positive. The seller's feedback, even positive feedback, will sometimes include very helpful information, such as "The ends were indeed Indian Head cents, but the rest were common junk Lincoln cents", "All junk, will not buy again", "All 50 coins were from 40's and 50's", etc. These comments will reveal what you will actually get regardless of the hype in the seller's listing. Also, I am all for acknowledging helpful ebay Guide articles, and I would want yours to receive as many kudos as possible. (More ebay buyers will be exposed to it.) In that spirit, here's another quick edit to consider: Quote:
If you found this guide informative and/or helpful, click the "Like" button at the top. Thanks. Edited by dd27
10/14/2016 12:10 am
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Valued Member
Canada
458 Posts |
yes I agree avoid this sellers like this at all times
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Pillar of the Community
United States
1191 Posts |
I fell for the unsearched scam several times on ebay. I did buy a good lot once.. seller claimed they bought them at a yard sale and "counted them noticing quite a few worth a dollar or so and 90% were pre 1940". I ended up with about 10 1909s, 3 1909 VDB, and a lot of better dates like the 1913-s and a lot of 1932-p and 1933-p. I only paid $50 for 20 rolls so it made up for some of the times I got ripped off. I haven't bought a penny lot since then though, too risky! |
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Pillar of the Community
United States
7375 Posts |
Quote:nss-52: That is a very helpful guide you wrote up on ebay.  |
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New Member
United States
26 Posts |
Quote:
I think most people take the description with a grain of salt. The reason they're buying the lot is because it has the coins they want, and the possibility of finding a plum coin just heightens the excitement Great point jp! |
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Valued Member
United States
411 Posts |
many years ago I bought a unsearched bag for $9. It had like 50 coins in the bag. Had some small silver and a cleaned Trade dollar. So I felt ok with the purchase . this year I came across two rolls of unsearched penny's from 1909 to 1964 for $6.bought and checked them out and not one good coin in any grade from that time span. also the earliest coin was in the 40s and some 50s . contacted the seller to tell him about my find and he never replied . contacted him just to see what he might say. |
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Valued Member
United States
321 Posts |
Usually these are picked through and are just rolls of 40s and 50s with a few earlier coins thrown in by the seller. Occasionally the seller will throw in an early mintmarked coin or something, giving an illusion that they are unsearched. And rarely, after they have made a lot of profit, they will buy a low grade damaged key date and put it in a roll. This is a practice called seeding, and it's obvious on "rolls of wheats with silver dime/IHC/1909 VDB Possible S etc" listings.
And after someone receives the seeded roll, they will post feedback and the seller will say in the title, "1914-D FOUND" or something. And just like that, more buyers are attracted and will create profit that far exceeds the value of that measly 14-D.
Edited by Omegaraptor
10/16/2016 10:06 pm
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Pillar of the Community
United States
6130 Posts |
A long time ago, I stumbled on a listing (can't remember where) for a "by the pound" bag of wheats from a hoarder's estate, apparently a 55 gallon oil drum full. They were charging a good bit above face, and said that they had seeded a 1955 doubled die, and a 1909-S VDB into the lots at random. So, someone spent $25 and got a $1000 coin, and 2,000 spent $25 for $5 worth of coins.
Gambling is powerfully addictive.
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Replies: 29 / Views: 3,897 |
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Posted 10/12/2016 10:42 am
