A New Twist On Unsearched Cents Or Legit?

No I wouldn't. The odds of there being an SVDB in 76,000 random wheat cents is VERY low. Say some one did find one, what would the odds of there being a SECOND SVDB in the group? Then consider that 76,000 cents is 1,520 rolls or 15 bags. It can take 3 hours to search a bag or 45 hours to search all of them. If my time is worth $10 an hour it costs me $450 to search them and when I am done I have searched wheats worth 3 cents each or $2,280. Assuming I paid Two Cents each I now have a net cost of $1,970 in them for a profit of $310. Now instead of wasting time searching them I just sell them unsearched as he is doing and I'm getting $6 a roll like he is. I make $9,120 less the $1,520 I paid for them and I make $7,600 Even if by some miracle someone does get an SVDB I'm still making $7,300 more this way than by searching them and his reported find just helps me sell them. In short I would have much better potential just selling them unsearched than wasting time searching. Say he had searched them and found that SVDB and sold it for $1,000. His profit would still be less than what he can sell them for as an unsearched lot.



He never claimed they were original bank rolls, he said the were bank wrapped rolls. A original bank wrapped roll implies a roll of uncirculated coins all of the same date and mint. A bank wrapped roll can be any grouping of circulated/uncirculated coins that could have been wrapped at any time, even yesterday.



Easy. I have a bag of unsearched wheat cents. I dump in 100 steel cents and indian heads and mix thoroughly. I still haven't searched them have I? But I can guarantee with some confidence that you will get either a steel cent or an indian head in every roll. If I want to be really confident I might dump in 75 of each.




That is common with sellers of bulk unsearched lots, and through no fault of their own. Buyers of unsearched bulk go in with stars in their eyes and dreams of finding valuable keys. Then when reality hits them in the face they are upset about it. 90% of all the wheat cents were made in the 50's. 95% were made in the 40's and 50's. You buy a truly unsearched lot of 100 random wheat cents and 95 of them will be from the 40's and 50's. The other 5 could also be 40's and 50's but if they aren't they are still most likely to be common pieces from the teens, 20's, or 30's. The chances of one of the five coins being a key or even a semi key are vanishingly small. But when they aren't the buyer gets upset over the loss of his dream and posts a neg.

While I agree that this is likely a new twist on an old racket, I also agree with Conder's response. Either way, I wouldn't buy into it, but if someone else does, and they find something cool, good for them.

There are probably some genuine "unsearched" rolls of coins on ebay. But the people selling them - people who are genuinely ignorant about coins - don't know they're supposed to be using the word "unsearched". "Unsearched" is coin jargon. So there really is no point in scouring ebay for "unsearched" and expecting to find genuine, fair dinkum unsearched rolls.

Nor do they go around making promises or guarantees about what's in the rolls - since they're genuinely unsearched, they literally have no clue about what's in them.

Personally, I think this whole "unsearched" phenomenon on ebay is a scam, designed to get around ebay's prohibitions on "lucky dips" and "mystery items".

Broseph, whether he is honest or dishonest my comments about the odds of finding anything even in truly unsearched rolls should point out the folly in buying them at $6 a roll honest seller or not.

At least this not blatant salting with an Indian, 3 cent piece or Barber dime on the end.