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 Replies: 9 / Views: 486 |
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Valued Member
United States
465 Posts |
A few years ago I was given a small coin collection. Part of it are about 20 rolls of 2006 P and D uncirculated Jefferson nickels that are wrapped in "World Reserve Monetary Exchange" rolls. Who on earth was the "World Reserve Monetary Exchange" ? Were they just a company overcharging for common coins? Fancy blue bags! |
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Moderator
 Australia
16805 Posts |
According to Google, an organization by that name still exists.
As the website for that company seems to exist solely for the purpose of accepting returns, and doesn't actually tell you anything much about the company other than their email phone number and mailing address, nor does it display their wares or let you buy anything from them, that's red-flags for a mass-marketing company - the kind that suck you in to some kind of product-of-the-month promotion, get your credit card details, get you stuck to a mailing list with a long bureaucratic procedure to try to get yourself off the mailing list, meanwhile they're charging your credit card and shipping you overpriced coins you didn't actually order.
Typically, such companies take perfectly normal circulation coins, notes, bullion coins etc, and wrap them in pretty wrappers, expensive-looking cases and "fancy bags", thus justifying the 1000% mark-up. There is of course zero secondary-market value or premium on such unofficial products, leaving the "investors" seriously out of pocket and probably disillusioned about the whole coin collecting thing.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
United States
2520 Posts |
Quote:
Were they just a company overcharging for common coins? Short answer.....Yes! |
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Pillar of the Community
United States
2520 Posts |
An ebay search of World Reserve Monetary Exchange just produced 802 results of uncut sheets, colorized notes, nickels, blue bags, and 12 coin rolls of Presidential dollars etc. Nothing I'd mess around with... |
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Valued Member
 United States
465 Posts |
Off to the bank they will go. I doubt 2006 uncirculated nickels have enough value over face to mess with them.
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Moderator
United States
94636 Posts |
probably not, but you certainly go lots of great information. (Me too)
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Moderator
United States
34393 Posts |
"If you climb a good tree, you get a push."
-----Ghanaian proverb
"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
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Pillar of the Community
 United States
6449 Posts |
2006 is the first year of the Return to Monticello design. If they are truly BU, maybe they are worth tucking away for future albums and collectors?
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Valued Member
United States
465 Posts |
The ones I see on the ends appear nice and full step. I will likely sit on them a while longer until I figure out what to do with them. They are the return to monticello design.
Thanks
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Moderator
United States
187446 Posts |
When you feel comfortable, open them up. Sort out the gem examples and spend the rest.
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Replies: 9 / Views: 486 |
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Posted 02/01/2026 7:36 pm
