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 Replies: 7 / Views: 1,127 |
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New Member
United States
4 Posts |
I rec'd some coins from my grandfather's estate and I am now down to selling the pennies. I have 6 rolls of 1955 P. 5 of the rolls are from "national bank" in philadelphia, PA and the rolls are tightly wrapped and no sign of them being opened and searched thru. The last roll besides being wrapped in they typical paper the coins are also wrapped in a tight foil under the paper - I'm not sure is this is common or if this roll had been searched thru. Unfortunately I don't know that much about the coins I did find that the "p" had a double die error. My question is should I continue to sell? Open the rolls up to look to see if I do have an error and then sell them in clear tubes. How does that effect the value?
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Moderator
 United States
187611 Posts |
The sale will probably only attract people that actually believe that there could be a 1955 DDO in there. You may attract enough interest to fetch a good price, you may not. As for me, I am way too curious. I hate the "if only" questions of life. I would tear into those rolls like there was no tomorrow! Since you have no money in them, you do not really lose anything. |
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Pillar of the Community
United States
936 Posts |
It was common to wrap them in foil back in the day, I have bought several rolls like that, as for price just do a search on ebay for completed auctions. I own a couple of them and paid anywhere from $60-100 a roll. Certain rolls will go higher depending on where they were from. |
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New Member
 United States
4 Posts |
Is there any information on how many pennies had the double die error? I'm curious now!
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Pillar of the Community
United States
4541 Posts |
Open those rolls up! I would also have to before I sold
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Pillar of the Community
United States
6381 Posts |
Hi Hawgsdog,  I think the reliable estimate is in the neighborhood of 20,000 cents struck with the doubled die obverse. These coins are very popular and prices have gone up dramatically in the last 5 years of so. I sure wish I'd gone for one a few years back! I'd vote for opening the rolls and checking for the doubled die. Handle the cents carefully to avoid getting fingerprints on them. Wearing cotton gloves would be a good idea. Then load them into plastic tubes as you suggest. The tubes probably won't bring as good a price as the paper rolls but you should still be able to sell them pretty easily. If you decide to open them, please let us know what you find! |
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Bedrock of the Community
United States
12437 Posts |
Yep, 20-25,000 is the estimate I have seen as well and they were initially distributed in the New England area.
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New Member
United States
4 Posts |
Hmmm.....I'm really tempted. I already have them listed for sale. But, ya know my grandfather collected coins his whole life. He knew exactly what he was looking for and believe he had a TON of coins, but we have never found anything rare. I think if he came across an error coin or something rare he would have opted to cash it in. Maybe I'll ask the person who buys it from me to let me know if they find the DD? My wife will kill me since she's been bugging me to look at them. Thanks for the advice & if I do decide to end the auction & rip those babies open I'll let you know what we find!!
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Replies: 7 / Views: 1,127 |
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Posted 09/18/2008 4:12 pm
