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LWC Bank Of America Unopened Rolls

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Valued Member
United States
450 Posts
 Posted 08/31/2011  10:36 pm  Show Profile   Bookmark this reply Add Gutkowski to your friends list
Thad is right , I am sure the LWC's have been searched through the years :P
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 Posted 08/31/2011  10:45 pm  Show Profile   Bookmark this reply Add merclover to your friends list

Quote:
THERE ARE NO UNSEARCHED ROLLS ON ebay


It seems the more elaborate the unsearched "story" they present, the bigger the lie. Notice how they all start sounding the same after a while? "My uncle had these in a coffee can from 50 years ago, and they have been untouched since then and are completely unsearched." Then you look at the seller's feedback and the guy is a coin dealer! And he expects us to believe he didn't closely inspect every single one of them? Give me a break! But we keep believing these made up stories because we want to be the one buyer on ebay that really did find that untouched coffee can of gems!

Les
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3276 Posts
 Posted 08/31/2011  11:35 pm  Show Profile   Bookmark this reply Add murrellington to your friends list
I've trained my eyes to no longer even recognize the prefix "un" on ebay. So when there is a lot that says unsearched, I only see SEARCHED. Easy to avoid the auctions then.
Bedrock of the Community
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 Posted 08/31/2011  11:49 pm  Show Profile   Bookmark this reply Add merclover to your friends list

Quote:
I've trained my eyes to no longer even recognize the prefix "un" on ebay. So when there is a lot that says unsearched, I only see SEARCHED. Easy to avoid the auctions then.


LOL! That's a GREAT way to think of them! If the auctions told the truth and said "I have searched through these coins several times now and haven't been able to find a single coin worth anything and these are the leftovers," then what would you bid for them? What ever happened to truth in advertising?

Les
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1256 Posts
 Posted 09/01/2011  11:15 am  Show Profile   Bookmark this reply Add timsumrall to your friends list
I don't know. A while back I cleaned my wheats of culls (dark or green or beat to death). Sold them easliy on ebay described as culls with picture. No, I didn't make what they are trying for (a.k.a. stupid money) but I got what they are worth.
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1204 Posts
 Posted 09/01/2011  11:34 am  Show Profile   Bookmark this reply Add Ricardocody to your friends list
Is hard to buy a coin from ebay per the actual value ! I been trying to buy couple keydates for months and manytimes I'm the winner bidder and when the action ends shows the title " you didnt win this auction " ! So what I'm saying the sellers on ebay want 20% plus at least or they wont give you the coin . If a coin worth $10 and you bidd $10 plus their $3 or more for shipping they are not satisfy .
Before people jump on me I ll say its have nothing to do with automatic bidding because you are the higher bidder , there is many ways of manipulate feedback and with different accounts you can also bidd somebody's offer to try to make the person to offer more or just dont sell the coin !
Im about to say I'm done with ebay but I only see it when is about coins !.
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 Posted 09/01/2011  11:43 am  Show Profile   Bookmark this reply Add upstate to your friends list
Here's an equation for anyone buying wheat rolls on ebay.
$.04 per coin plus whatever the value of the strangely placed end coins. (Oh it happens to have a beat up IHC or a common merc on the end of this unsearched roll).

My favorite - the reverse of a VDB. Could be an "s" you know. Or a 1909 IHC, I'm quite sure it's from San Fran.
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 Posted 09/01/2011  11:55 am  Show Profile   Bookmark this reply Add wulffy11 to your friends list
Upstate I have seen that too where it says '1909 VDB showing...could have an S'! It could have a S .... and be a counterfeit one! My thought would be to find something good it would be someone selling a stockpile for cheap from their grandparents collection, selling it for over face but not realizing there is a 1914-D mixed in!
Valued Member
United States
404 Posts
 Posted 09/01/2011  12:21 pm  Show Profile   Bookmark this reply Add akane17 to your friends list
Am I the ONLY person who ever sold true unsearched wheats on ebay?
About a year ago my father had about 4500 wheats, needed the money and I just never had the chance to go through them, threw them up on ebay got 7x FV. Still kicking myself in the butt for not searching them first (I wouldn't have listed them as unsearched if I went through them, FYI)
I wonder if someone on CCF bought them...
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19949 Posts
 Posted 09/01/2011  3:03 pm  Show Profile   Bookmark this reply Add BadThad to your friends list
akane - I'm sure he looked at them and the previous million people that had them looked at them too. 99.999% of the good stuff was picked years ago. Finding anything good this late in the game is pure luck and probably the result of someone unknowningly (or don't care) dumping a collection into a coin star machine.
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3755 Posts
 Posted 09/01/2011  7:43 pm  Show Profile   Bookmark this reply Add smokeriderdon to your friends list
You all keep that attitude. Because I will buy them all the time if I can snage em for a decent price. Why? Because there ARE plenty of hoarders out there from back when that are starting to pass away now. How many ammo boxes are sitting out there full of nickels and pennies that grandpa tossed every penny or nickel in there and never did anything with them? TONS. Grandpa dies and the kids get a machine, roll them and put them on ebay. It DOES happen, as akane says.

Thad, in my example, which is certainly real world, how would those coins have been searched? If grandpa was hoarding back in the 40's, how searched are those really going to be? And we all know how lazy people are. No way the kids do any searching, unless by chance one is a collector, which is a slim chance. People being lazy and wanting a quick buck with the least expended effort and there you go.

Now, does this happen often? Of course not. I'm not a starry eyed idiot. BUT, it DOES happen. Yes, a lot of those deals on ebay are bogus. But I have got my moneys worth on them by being smart about what I buy. And one of these days I may just get lucky and run into one of these thats for real. And even just a 24D or 31S would make it all good.

So you all keep that attitude and increase my odds. :)
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 Posted 09/01/2011  9:58 pm  Show Profile   Bookmark this reply Add merclover to your friends list

Quote:
So you all keep that attitude and increase my odds.


Good luck with that strategy. I don't mean to burst your bubble, but for every truly unsearched lot auction you win you'll have a thousand that pulled the wool over your eyes. So in the end, it would just be cheaper to go directly purchase those 24D or 31S pennies you're looking for. You may not have that especial story to brag about, but it will end up costing you a lot less.

There is a word for those who are gullible enough believe all the "unsearched" hype: broke.

Les
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 Posted 09/01/2011  10:04 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list
Bigfredd used to have a great spiel in his auctions many years ago. Still got a copy of it Fred?
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 Posted 09/01/2011  10:14 pm  Show Profile   Bookmark this reply Add smokeriderdon to your friends list
See, you missed what I said. I am no fool. I only pay a certain amount dependanton what is being auctioned. I have gotten my moneys worth on every one I have purchased. Having the wool pulled over ones eyes indicates ignorance of the situation. I have quite clearly explained my full knowledge of the situation. So no, it will not cost me any less as I have not over spent to start with.
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10635 Posts
 Posted 09/01/2011  11:55 pm  Show Profile   Bookmark this reply Add merclover to your friends list
One slightly used bridge for sale. Used only on Sundays. Great views! Inquire within.

LWC-Bank-Of-America-Unopened-Rolls

Les
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