$2 2012 Red Poppy Chubb Coin Roll

Worth what?

Not sure I the OP is referring to a Chubb roll currently being offered on ebay with the sale ending Thursday morning (local time). Current highest bid is $5200. After my experience buying a roll of (allegedly) uncirculated coins from an ebay seller, I would avoid this sale like the plague. It is very easy to undo one end of a roll and remove the uncirculated coins and replace them with duds and reseal the roll to look like it has not been tampered with. From now on, I only buy rolls from reputable dealers.

The interesting thing about this particular seller is that they have sold at least 34 Chubb rolls of (allegedly) uncirculated 2012 $2 red poppy coins. There is no way of knowing if any of the purchasers have since opened any of those rolls to confirm the contents. The seller has also sold numerous single 2012 $2 red poppy coins.

I suppose it is possible that someone could have acquired 34+ rolls when they were originally rolled. That would have been an extremely lucky occurrence.

Caveat emptor?

Hi crab eater, tough questions and I guess the only one who can answer them is the buyer.

I'm curious about the claim in the ad regarding "RAM Chubb roll" and your reference to "original" roll. My Renniks and McDonald books make no reference to any RAM-released rolls for that coin. Was Chubb the company who rolled the surplus coins or did RAM roll them in Chubb-branded paper? (That might sound like a silly question but I once asked the Armaguard guys delivering coins to my local bank, "where were the coins rolled?". He replied that the coins were rolled at the main bank using Armaguard-branded paper and that Armaguard merely delivered rolls to the regional branches - maybe Chubb or RAM operated the same way for those coins?).

So, regardless of who actually rolled the coins, if Chubb-branded rolls are considered to be the "original" rolls then that would be a reason to keep such a roll intact (if that is what you value). However, if that 'original' roll is actually dodgy and contains only one genuine coin then it's a terribly high price to pay for it.

Personally, I would only buy such a roll for the price I would be prepared to pay for 25 loose uncirculated coins. I do buy rolls occasionally but only from reputable dealers and usually I open them on receiving them as I intend to use the individual coins to make up sets. So far, so good.

If you do bid and are successful I really hope the roll is genuine. The bottom line would be are you prepared to risk buying a roll that could well be dodgy? If you aren't prepared to open it, you won't know! You could always do what the rorters do and carefully undo one end and remove the coins to check. If they are dodgy you might get a refund. Otherwise you could just repack the roll again?

Anyway I hope it goes well for you. I hope you will let us know how you go. I will watch with interest but I certainly won't be bidding on that one. Good luck.

Sold for $6200 or $248 per coin. Hopefully the buyer gets a full roll of genuine coins.

Unless there is some real value in owning a "genuine" or "original" roll of those coins (if there is such a thing), it might be better to buy the coins individually? Anywhere between $250 and $350 seems to be the going rate depending on presentation (in capsule or on card etc).

Thanks for your thoughts on this SallyG, no body else has any .
Am I the lone roll collector on this site?
To me , a single Red Poppy is a must have for Aussie collectors of decimal coins, but a roll is the holy grail for the $2 fanatics.? Why? Because they are becoming rarer due to the fact people are opening them .
RAM did not roll the coins , Chubb did. I do not know why?
Of course suspicion of the Chubb roll contents is why people open the roll.