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 Replies: 20 / Views: 5,083 |
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Pillar of the Community
United States
869 Posts |
Not likely. Only the Morgans were stockpiled by the Mint for many decades.
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New Member
 United States
12 Posts |
srs77, thanks! It does help and as I continue to research this, I'm reading more and more of what you are saying. It's hard to believe people are paying sometimes over 2 grand for these "unsearched rolls" on ebay. This happens every day too which is even more concerning. |
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Pillar of the Community
United States
3219 Posts |
Quote: It's hard to believe people are paying sometimes over 2 grand for these "unsearched rolls" on ebay. ebay is a wasteland of big dreamers. While I won't say you can't get some deals on ebay, because you can, it's definitely a buyer beware arena for coin purchasing. My favorite places to purchase coins are my local coin shop or shows. I get to see and hold the coins I'm purchasing and more importantly I get to speak with the dealers directly. It's just my preference. I've bought off ebay as just about everyone has. I am just extremely careful when I do. Good Luck in your search! |
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Rest in Peace
10197 Posts |
I've spent the last two years frequently participating in on-line auctions(other than ebay). It becomes very easy to determine which outfits are smucks, those employing shills. Chicago and California for example seem to have MANY! They're easy to spot when the bidding begins. Checking this smuck's next auction...same item again for bids if not suckered previously. One item very rarely see in ANY of these auctions is rolls of silver dollars, Ike's maybe, no Morgan or Peace rolls. There are rolls of "Safe Deposit box" or "Estate" coins (lower denoms) as purported origin, in older wrappers, even cellophanes on top too. 95% are contemporarily put together, thoroughly searched, maybe an "ender", and here also is " Caveat Emptor"...for grins tried two, nickel/penny different outfits, both were quite common well worncirculated near-cull slicks. There won't be a third time for these. NEVER buy rolls on ebay, period. |
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New Member
United States
12 Posts |
Srs77/crazybO, thanks for your meaningful feedback. I'm convinced now not to waste my time looking for deals on silver dollar rolls as they are basically non-existent.
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New Member
United States
12 Posts |
Here is a picture of the roll I purchased. Looks convincing doesn't it? Anything jump out to you?  |
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Pillar of the Community
United States
1590 Posts |
First; Silver Dollars were rolled by banks, as they came out of the bags. This is a fact. The banks got ALL their coins this way, by the bag. Second; my Grandfather owned a casino in Carson City Nv and as a young boy/man I saw many bags of silver dollars. Most were mint bags, a few were bank bags full of rolled dollars. Third; I'm a dealer, and have as recently as last year bought an original roll of silver dollars; though NOT from ebay. Durring the "Great Melt" a few years ago, lots of interesting coins came out; including original rolls of Dollars. Now; having said that, I am NOT advocating buying these on ebay. While I have no doubt that there have been original rolls sold on ebay, I believe the vast majority were made up rolls. Lastly keep in mind that even back in the day, banks were taking in dollars from public and rolling them. Why? Why do they roll old pennies they get back in? Because it's easier to account for them and easier to fill orders. Meaning you could easily get a legit roll....and it will still be of mixed quality. If you have the money and the sellers has honest feedback, and you can get it for a REASONABLE price, then go for it. But if you don't have money to spare and you are trying for a homerun.....stay away. |
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New Member
United States
12 Posts |
Jmkendal, thanks for your feedback on this. After reaching out to the dealer on ebay, they said something similar to this. I'll proceed with caution in any future purchases. What's your opinion on the roll above? I wish there was more information on what to look for in these potential old rolls. |
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Rest in Peace
10197 Posts |
Silverdollarmachine: there's been threads in the past about this topic Here's a very good quote to consider: Quote:There's an art to making these rolls. Every roll I've ever made has the paper folded in on the ends, but that won't do for this mischief. You need an end crimper so that you can show the coin you're pimping. This will cost you under $10 on ebay. The next step is to get coin wrappers that look old. If you don't want to take the time to give them the mud puddle treatment yourself, you can get them on the no-no site. I've seen the highly desirable Bullion and Exchange Bank of Carson City wrappers offered there, along with plenty of very inexpensive counterfeit dollars to make up your roll. These rolls are sold with no returns for a very good reason, and it's not the one the seller gives you. Any fraud is between you and Paypal to negotiate. Not trying to burst any bubble, but this is and has been a well known scam, why ebay doesn't regulate more...they'd lose money...bottom line, money. Good luck to you sir, please post your winnings and any treasures.  Edited by Crazyb0
03/19/2017 5:18 pm
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Pillar of the Community
United States
999 Posts |
ebay is in the business to make money. Unless it is so blatantly fraudulent that it feels like being hit upside the head with a 2x4 they won't step in. These "Unsearched" rolls are nothing of the kind of course but the descriptions and promises usually provide enough wiggle room to keep them slightly to the legal side. They do not specify whom they were unsearched by, they do not promise the key date will be contained etc. The best ads are those that claim to be unsearched but guarantee some sort of content. How could they know that it will include any content other than the ends if it were truly unsearched? Basically, if you are interested in an "unsearched" roll bid only on the end coins. For the hundreds of penny rolls that miraculously show a VDB obverse, silver of gold coin or some other special find on the end assume that that is the least valuable of the type shown and the best find in the roll. If the ender is worth the purchase price of the roll then you will be happy, otherwise you will be disappointed. The only time I ever bought an "unsearched" roll was when the ender was a date I actually needed and the roll was priced less than what I planned on paying for that coin. The rest of the coins were culls, well circulated chum. They all ended up in my sorted/rolled hoard. For dollar coins the same applies. Assume that the contents of the roll are much less desirable than the end coins.
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Bedrock of the Community
United States
17884 Posts |
There was a guy at the coin show this weekend trying to sell one of those "original" dollar rolls with a CC dollar on each end, he had purchased on ebay. Not a dealer at the show was willing to buy it except for at the price of two common CC dollars and 18 avg circ dollars. Call it around $800 or less. Guy had paid $2750 for it. |
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Pillar of the Community
United States
869 Posts |
Was it an unsearched roll? You never know, might have contained a BU 1893S in there!  |
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New Member
United States
12 Posts |
Thanks for the feedback. I cancelled two orders I had after hearing from everybody on this forum. I do believe old rolls are out there, but you really have to know what you are looking for. Thanks again everybody!
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Pillar of the Community
United States
1475 Posts |
It's hard to believe anyone on ebay would really sell "UNSEARCHED" anything, in my humble opinion. |
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Pillar of the Community
United States
1475 Posts |
I too have purchased few " inherited", "unsearched", "from my pa" ender rolls when I started collecting after 20 years of hiatus. Leave a negative rating if you are not satisfied. they will try anything to reverse negative or neutral ratings. |
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Replies: 20 / Views: 5,083 |
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Posted 03/19/2017 10:56 am
