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 Replies: 19 / Views: 9,806 |
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Pillar of the Community
United States
3343 Posts |
Don't. Do. It. https://goccf.com/t/190654&whichpage=2Don't even think about doing it. There used to be a youtube video of opening one of these ebay "bank" rolls. I remember the guy's words "Come on, be a cc" as he turned over an 1885, and of course it wasn't. Even if it were a real bank roll, what would be the chances of a cc? The mint held back huge numbers, over 50% of the issue for some dates. For me, seeing a cc on the end of a roll is indisputable proof that the roll is not original. "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
11/06/2015 12:43 pm
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Pillar of the Community
United States
6130 Posts |
When Morgans were put up in storage, it was all in bags. Someone built the roll you are considering buying. Who would put a valuable Morgan in the middle of a roll? The answer is nobody. Best case, this roll is full of BU common Morgans. Worst case, it's full of culls. Or maybe even Ike dollars. |
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Pillar of the Community
United States
1450 Posts |
Investors are nervous about the stock market so these guys trot out the dog and pony show about getting rich with rare coins etc. How many here have gotten rich with collecting, trading or investing in coins? Even if you do make a considerable profit on coins from what I can tell you need to hold onto them for 20 years and then it is a gamble just like all investments. When someone is selling bags or rolls of a very collectable coin I would be suspicious. Many, many coin collectors as well as speculators buy CC Morgans.
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Pillar of the Community
United States
6370 Posts |
Here's the youtube video: https://goccf.com/t/193234#1789683Edit: I guess they pulled the video from the public eye and removed/edited their feedback. No one can watch it anymore. Edited by TypeCoin971793
11/06/2015 3:54 pm
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Pillar of the Community
United States
6370 Posts |
These rolls are from the same guy who sells the infamous jars of coins.
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Valued Member
United States
403 Posts |
I have been buying, selling and trading Morgan dollars for 30 years. I have seen two original bank rolls of Morgans that pre-date the treasury releases of the 1950's and 1960's. They looked nothing like the rolls you see on ebay today. Those rolls are almost certainly fake. |
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Bedrock of the Community
United States
12057 Posts |
The rolls usually have one or two teaser coins for the ends, the rest is 1921 or other common dates in wildly varying conditions, often with problems. Morgans were bagged, true, but they were available in rolls created by dealers well into the 50s and 60s. Dealers would break bags down and resell as date rolls of the same date/MM. Almost all of those have long since been broken up and dispersed, I cannot honestly say that in 20+ years of collecting I have ever seen one of those original dealer rolls. Buying rolls of anything on ebay is a bad idea unless it's single-date, BU rolls with explicitly stated dates and MM's and good photos. These idiot scammers famous for the Wheat cent "unsearched" fiasco are now putting everything from ancient coins to silver bars as end pieces on their "unsearched" rolls. What a joke. Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Valued Member
 United States
245 Posts |
Good grief, I'm glad I didn't fire on that last night. This deal seems like scammer city and people are paying big money.
There's some gorgeous CC PL coins on the ends that really sucker you in on the scam.
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Pillar of the Community
United States
3343 Posts |
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. "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
11/07/2015 1:24 pm
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New Member
United States
12 Posts |
Who's to say that an old collector didn't put these away several years ago after being rolled and recently passed away? The question is, how do you know if a roll is a fake and recently put together, or one that is indeed old. As a mentioned in a previous post, I've read a lot of feedback from customers on ebay who have purchased these rolls with great results. One roll produced 3 nice CC coins! So, how does one determine if a roll is old or simply put together by a fraud? In my mind, a sellers feedback on ebay will tell a lot of the story. However, I'm new to this so if I'm way off somebody please put me in my place. I have a roll on the way now and I definitely want to confirm it's real before it's too late and I can't return it. Thanks! |
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Pillar of the Community
United States
1005 Posts |
Depends what you mean by "real". It could very well likely contain all genuine Morgan dollars, yes. But if you're asking if your roll of Morgan dollars came from a bank, then no it certainly did not. |
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Pillar of the Community
United States
2815 Posts |
Oh no, silverdollarmachine. The silver dollars contained within the roll will probably be genuine, but the "roll" itself is not. Do you have a link to the auction?
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Pillar of the Community
United States
6370 Posts |
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Pillar of the Community
United States
2589 Posts |
Any truely original bank wrapped roll of silver dollars is likely to be mixed with both Peace and Morgan dollars as well as to be made up of mostly circulated coins. I don't doubt that there may be a handful of bankwrapped rolls of silver dollars floating around in somebodies drawer somewhere dating from the 1960s, but any bank wrapped roll is likely to be made of circulated coins, since thats what the banks received from the public to make such rolls. I have seen bank wrapped rolls of Ike dollars, they were deposited at a bank where I was a teller 10 years ago from a customer who got them at a las vegas casino in the 1970s. |
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Pillar of the Community
United States
1450 Posts |
The phrase "Bag Marks, bagged etc" comes from the fact that Morgans were kept in bags and clashed together to make the infamous bag marks on the coins. Those bag marks can make a high grade mint coin into a lessor grade coins.
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Replies: 19 / Views: 9,806 |
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Posted 11/06/2015 2:26 pm
