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"Sealed" Penny Rolls - Maybe Not Such A Scam After All?

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Pillar of the Community
United States
869 Posts
 Posted 01/22/2017  01:07 am  Show Profile   Bookmark this reply Add flag4 to your friends list
I too have had mixed results with those"unsearched" rolls. It depends on the seller. If you notice, some rolls go for $15 or more. I've had decent luck with some of those. Got some key dates, like 1910 and 1914s.
Plenty of Indian Heads, usually common dates. Some Mercury dimes, and a 1858 flying eagle. Also some bright shiny BU's, common dates.
The cheaper rolls are usually mostly 40's and 50's. Maybe a steel penny or two.
Pillar of the Community
United States
1315 Posts
 Posted 01/22/2017  08:00 am  Show Profile   Bookmark this reply Add thecoinguy1964 to your friends list
I search IHC's every day, and I come across them all the time. I can't believe folks fall for this over and over again? A shotgun roll of wheats, that just happens to have a IHC or a Mercury dime on the end, really? If you ever take time to read feedback, you'll discover the truth when someone is not too ashamed too to leave negative or neutral feedback.
Pillar of the Community
United States
869 Posts
 Posted 01/22/2017  11:14 am  Show Profile   Bookmark this reply Add flag4 to your friends list
" I can't believe folks fall for this over and over again? "

Very true, It's sort of a naive optimism that just maybe, a key date will be in there.

Unless of course you actually need common date wheats to fill up your folders. The IHC and dimes are just a bonus at that point . .
Pillar of the Community
United States
1315 Posts
 Posted 01/22/2017  1:12 pm  Show Profile   Bookmark this reply Add thecoinguy1964 to your friends list
483 suckers, I mean buyers have taken the bait.
http://www.ebay.com/itm/WHEAT-PENNY...AOSwawpXvz2B
Valued Member
United States
68 Posts
 Posted 01/22/2017  1:28 pm  Show Profile   Bookmark this reply Add KevininFLAâ„¢ to your friends list
When I looked at the link on ebay, this other one was suggested:

1 SHOTGUN ROLL OF WHEAT PENNIES WITH Indian Head cent ON END 1909-1958 for $10.00

He's even more prolific. 3,583 sold WoW!
Pillar of the Community
United States
869 Posts
 Posted 01/22/2017  1:58 pm  Show Profile   Bookmark this reply Add flag4 to your friends list
"483 suckers, I mean buyers have taken the bait."

Hey, I resemble that remark!

I bought a few of his rolls, nothing special, just curious.
One roll was short six pennies. He did make good and sent me an additional roll, gratis.

All 40's and 50's common dates!

Pillar of the Community
United States
4211 Posts
 Posted 01/22/2017  6:06 pm  Show Profile   Bookmark this reply Add Debrajc to your friends list
Glad you were happy with your purchase Roy.

It does not always work out that nicely.
Pillar of the Community
United States
1609 Posts
 Posted 01/22/2017  9:20 pm  Show Profile   Bookmark this reply Add RoyCoinBoy to your friends list
Wait wait wait wait... flag, are you saying a 1910 P penny is a key date?

Also, sorry to disappoint, but I might not be taking pictures. The thing is so slick and worn that all you'd see is a faded feather or two.
Bedrock of the Community
United States
94367 Posts
 Posted 01/22/2017  9:25 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list
You seldom get more than you pay for, but very often less.

These rolls are for suckers.
Pillar of the Community
United States
1315 Posts
Pillar of the Community
United States
1609 Posts
 Posted 01/23/2017  08:04 am  Show Profile   Bookmark this reply Add RoyCoinBoy to your friends list
*puke*
Pillar of the Community
United States
869 Posts
 Posted 01/23/2017  09:53 am  Show Profile   Bookmark this reply Add flag4 to your friends list

Quote:
Wait wait wait wait... flag, are you saying a 1910 P penny is a key date?


Well . . .

It was for me . . I mean . . I needed one for my folder!
Pillar of the Community
United States
869 Posts
 Posted 01/23/2017  09:56 am  Show Profile   Bookmark this reply Add flag4 to your friends list



Such a deal!

If you use PayPal credit, you'll have six months to pay!
Pillar of the Community
Learn More...
United States
2843 Posts
 Posted 01/23/2017  10:12 am  Show Profile   Bookmark this reply Add BigSilver to your friends list
I've always viewed these as a lottery. Sellers will need to put some better coins in the rolls to keep people buying them and leaving good feedback. If you are the gambling type, you will buy them in the hoped that you end up with one of the rolls that its value exceeds the purchase price. I am tempted from time to time, and then I remind myself what results I've gotten in the past.
Pillar of the Community
United States
4989 Posts
 Posted 01/23/2017  11:01 am  Show Profile   Bookmark this reply Add fenton to your friends list
The sealed rolls are a legitimate product but don't kid yourself into thinking they are unsearched. The sellers that put these together usually start by buying up 10,000 or so common wheat cents for the going rate of about 3 cents each. They will then buy a much smaller set, perhaps 500, of Indian Head culls in bulk. Mix the whole thing together, roll up, and sell as "original rolls". Buyers are happy even though they are bidding 2x - 3x the average price because occasionally they'll get some Indians and the sellers are happy because they have 70% average profit margins.
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