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Replies: 26 / Views: 4,449 |
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Pillar of the Community
United States
1406 Posts |
I started collecting rolls because of the Satin Finish issue at the mint and I wanted to have all the business strikes I could get my hands on. Higher grade Business Strikes from 2005-2010 may carry a premium in the years to come. Now I continue to collect rolls because I want to have something to do in my retirement years. Granted I am 40 years away but can you imagine how much fun those rolls will be in 2050!
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Pillar of the Community
United States
2271 Posts |
People are going to be amazed how scarce most modern rolls are. Collectors simply stopped saving them in 1965. More precisely they scaled way back in 1965 and scaled back further yet in '67, '68 and '69 until it came to a virtual halt. Even though very few '65 rolls were set aside a large percentage of them were later released because there was no interest in thm over the years. Other than most cent dates, a few nickels, bicntennials, and most of the states issues finding rolls after 1965 is very difficult. Some dates like '69-P quarters are very scarce. Most will shrug and say "so what" but they forget that not all moderns appear in mint sets and that not all coins that appear in mint sets are easy to find as gems. Many dates and most varities just don't exist in the mint sets and can be rare or even non-existent in rolls. Choice and gem coins from the Satin Finish mint set years will be scarce for the main part other than quarters and halfs. Some of these will be tough. Just finding "common coins" like a gemmy '79-S SBA will be a challenge if more than a handfull ever seek one. There is no depth to the supply of most moderns and the attrition is still extremely high. It just wouldn't be unusual for someone seeking a '79-D type "d" reverse quarter to locate a roll and spend all the coins that weren't keepers. It's not unusual to find whole rolls with no keepers. Circulation just keeps grinding coins away. It doesn't matter how a clad quarter gets into circulation. If someone accidently loses track of a very rare '72-D DDR quarter it will get worn away in circulation and no oni is likely to ever find it because there are so few looking. If a 1916 quarter accidently gets into circulation the very first person it finds will probably save it. Until people start appreciating these coins more there will be about a 3% annual attrition. Even though something like a BU 1971 dime is scarcer than a BU '50-D nickel there are 3% fewer of the dime each year and the number of nickels just drops a little.
Time don't fly, it bounds and leaps.
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Moderator
 United States
188660 Posts |
Well worth a second mention... Quote: But there seems to be a preconceived notion that buying mint wrappers will yield better quality coins. Nothing could be farther from the truth... Quote: how do you make sure it is all original coins without opening it? Most people do not realize that Chuck is right because these people are afraid to destroy the expensive paper to find out! I have never met a roll that I would not open. 
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Pillar of the Community
United States
6326 Posts |
Quote: JustCarl......... You can't see the coins. You don't even know what is really in those rolls. For all some people know the entire roll on the inside is full of washers. My point precisely with the "Official U.S. Mint PAPER" ! That's how you actually DO know exactly what's in there ! ....  Machine wrapped/bank wrapped rolls....that's right....you never REALLY know what's in there ! ..... And the Two Roll Sets with Official U.S. Mint paper will get you BOTH mints, which no one can do from their banks, at face value or any other value. And this is pretty important too for those with this as their only option to do so. For the record......I'm not paying for any "paper" either (except for a couple items each year).....I just "see the other side", and don't disagree with the theory behind pursuing it if one has the extra money. I do not agree that it is folly or a waste of money or a bad decision in coin collecting.
Edited by eaglefoot 01/24/2011 3:48 pm
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Pillar of the Community
 United States
2448 Posts |
You guys forget, some of us can't order rolls directly from the banks as you do. The only other options are to buy them from a dealer or the mint. Lately, and I believe because of the mint's roll programs, dealers are charging outrageous premiums for rolls. Depending on the coin, many times just below mint prices. I guess I'll just have to move to a larger town with bigger banks. NOT!
Sooooo...my heirs will get to sell or break open genuine, US Mint rolls after I'm long gone. They'll probably try to use them in futuristic gumball machines that will only accept credit cards.
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Pillar of the Community
United States
6326 Posts |
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Rest in Peace
 United States
1380 Posts |
Hot news! Dansco is coming out with an album (#9666) to hold unopened Mint rolls!
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Pillar of the Community
United States
6326 Posts |
    Some folks hate the "paper"......some folks like the "paper".......some folks love the "paper".But at least we all respect all levels of collectors, all kinds of collectors, and all theories of collectors.......even if we agree to disagree ....  ...  Quote: Hot news! Dansco is coming out with an album (#9666) to hold unopened Mint rolls!
Actually......that's HSN....not Dansco ! .....  ... 
Edited by eaglefoot 01/24/2011 4:08 pm
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Moderator
 United States
188660 Posts |
Quote: Hot news! Dansco is coming out with an album (#9666) to hold unopened Mint rolls! 
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Bedrock of the Community
United States
20753 Posts |
Quote:
I must admit that I am a roll collector. I love original rolls. I have never opened any, and probably never will. Can you imagine opening a roll from the 1970's in say 2041?
OR in 2041 you do open those rolls and find they were all spiked with a pile of normal, everyday, circulated coins or even worse, washers. Might get lucky though if the washers were all Copper and Copper prices were way up there.  Quote: My point precisely with the "Official U.S. Mint PAPER" ! That's how you actually DO know exactly what's in there ! ....
And I suspect if there are people that know how to open a slabbed coin, replace the coin, reseal the slab, surely there must be those that can do that with a piece of paper. And who knows how they were stored? The entire roll might well be full of corrosion. I'll just keep away from rolls unless I can open them and see what is really in them.
Edited by just carl 01/24/2011 4:45 pm
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Bedrock of the Community
United States
20753 Posts |
Now here is one more horrible thought. I wonder if anyone has contacted the Mint to see if they sell just roll paper. Or even empty rolls. If not, ever wonder how difficult it would be for almost anyone to make copies of those? If roll collecting continues to grow, I'm sure China will jump on that one too
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Moderator
 United States
188660 Posts |
Quote: Now here is one more horrible thought. I wonder if anyone has contacted the Mint to see if they sell just roll paper. Or even empty rolls. Keep in mind, this is nothing like paper money. These things would be very easy to counterfeit; easier than a TPG slab.
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Pillar of the Community
 United States
2448 Posts |
OMG, lets not go there. I can see the subscription now Quote: Hurry, gen-u-ine, Mint sanctioned coin roll paper! Be the first on you block to roll some washers. You know that would happen. 
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Pillar of the Community
United States
1406 Posts |
That's where un-opened mint boxes of mint wrapped rolls comes in. Seriously, those boxes, with date stamps on the outside, housing mint rolled wrappers on the inside. I know anything is possible but at some point you just know an un-opened mint box of mint wrapped rolls is going to be legit.
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Pillar of the Community
United States
6326 Posts |
 Yes, not too likely at all that one would have to worry about "what's in there" with U.S. Mint rolls. I won't worry ! The "washer rolls" are more likely found in "Customer wrapped" or "Bank wrapped" rolls.....and even that isn't very often. "My" bank will not accept " rolled coins", they say because they'd have to open them to count them anyway. (I should say...they will take them, but they open them right in front of you and then count them...very tedious process) They always told me never to roll my coins when I bring in my "dumps". They run them through the coin counter machine and give me the cash. It's fastest for them....and fastest for me. So, if anyone EVER were to take a "roll of washers" disguised as coins to a bank....well.....I just don't think that would work nowadays. And I just have ZERO worry about fake Mint paper and being defrauded by someone in the future.....  I think that's kind of "reachin' ...." No caution is necessary in purchasing or accepting Official U.S. Mint roll Sets now or in the foreseeable future IMO.
Edited by eaglefoot 01/25/2011 09:19 am
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Replies: 26 / Views: 4,449 |
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