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Can you be too trustworthy?

 
 
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New Member
United States
34 Posts
 Posted 07/02/2018  8:36 pm Show Profile   Bookmark this topic Add noblenumismatist to your friends list Get a Link to this Message
Good Evening,

I have found myself to maybe be too trusting or gullible at times. What are you guys thoughts on rolls being sold on eBay like this:

https://www.ebay.com/itm/ONE-FRB-De...AOSwax5YvEbk

Are sales like this any good someone like me (Just starting out) or is it best to stay away from them?

As well as "unsearched" rolls, do they really exist?
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Canada
4913 Posts
 Posted 07/02/2018  8:40 pm  Show Profile   Bookmark this reply Add JimmyD to your friends list Get a Link to this Reply
Just read his negative feedback.
If at first you don't succeed, then skydiving is not for you.
New Member
United States
34 Posts
 Posted 07/02/2018  8:46 pm  Show Profile   Bookmark this reply Add noblenumismatist to your friends list Get a Link to this Reply
Very good point! I am hopeless dreamer that someone out there is truly just selling and not scamming.
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United States
8899 Posts
 Posted 07/02/2018  9:09 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
Looks tempting to a newbie's eye . Run away fast .
And beware of other unsearched rolls , virtually don't exist .
Don't take life too seriously and remember it is just a passing fad ......
Michael Philip Jagger

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United States
8113 Posts
 Posted 07/02/2018  9:18 pm  Show Profile   Check spruett001's eBay Listings Bookmark this reply Add spruett001 to your friends list Get a Link to this Reply
"Baseball gets you out in the fresh air and keeps you from talking about your neighbors."
-Lib Dooley

My Want List: http://goccf.com/t/282022
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United States
1774 Posts
 Posted 07/02/2018  9:29 pm  Show Profile   Bookmark this reply Add ratman4762 to your friends list Get a Link to this Reply
Bargains CAN be found on eBay.......Just don't expect to find them in a so called "unsearched" roll.
New Member
United States
10 Posts
 Posted 07/02/2018  11:09 pm  Show Profile   Bookmark this reply Add Diffyscoins to your friends list Get a Link to this Reply
Go to the bank. Better cheaper. Hit credit unions. Good finds there. New coins o only? Go some where else
Bedrock of the Community
10197 Posts
 Posted 07/03/2018  12:56 am  Show Profile   Bookmark this reply Add Crazyb0 to your friends list Get a Link to this Reply
You atren't being "trustworthy" by believing that flaptrap, just gullible and naive, that's how they prey on the unknowing to make their mega-bucks. EVERYTHING has been looked through at least once (usually multiple times) for any of the major errors (clips, broadstrikes, planchets) and known/ famous DDO/DDR's. There are virtually NO unsearched deals on most any venue. The only true unsearched coins come from unopened storage lockers or bank deposit boxes. Possibly something can be found in local estate auctions and flea markets, but those are long shots. My only "score" came from buying a mixed lot of foreign coins in a local auction, one silver half dollar happened to be a worn first issue Canadian coin worth $120.
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8113 Posts
 Posted 07/03/2018  01:00 am  Show Profile   Check spruett001's eBay Listings Bookmark this reply Add spruett001 to your friends list Get a Link to this Reply
Yep. Increasing population and get-rich-quick schemes don't help.
"Baseball gets you out in the fresh air and keeps you from talking about your neighbors."
-Lib Dooley

My Want List: http://goccf.com/t/282022
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7158 Posts
 Posted 07/03/2018  03:00 am  Show Profile   Check paralyse's eBay Listings Bookmark this reply Add paralyse to your friends list Get a Link to this Reply
They weren't making 7.62x51 NATO ammunition when Mercury dimes were being made -- the dimes ended production about 10 years before the cartridges came into existence. ;)

Seller uses a guaranteed money-making tactic, that's not illegal, although perhaps slightly unethical.

Step 1 - buy a bunch of old coin rolls. These are easily available and extremely cheap, all the way back to the 50s.

Step 2a - find a coin series with high collector interest but which also has common dates available in BU such as Morgan dollars
Step 2b - alternatively, simply stick any old coins into the old rolls

Step 3 - every few rolls (maybe every 5-10 to every 100 or more depending), insert a semi-key date or key date coin into the roll, or a couple of coins from other series in the same denomination, so that buyers have a "treasure find" story to provide testimonial. Alternatively, stick two BU common date coins on the heads and tails end of the roll, and fill the middle with problem coins, culls, average circulated common dates, etc.

This method is surprisingly easy and has no shortage of suckers willing to toss large sums of money in your direction, guaranteed.

Looking at one example from this seller, a roll of Walkers with two shiny end coins is selling (currently) for $328. You can buy bulk average circ. to VF Walkers for $7, and AU/UNC for $30, so assume the roll is 2 BU end coins and 18 ave. circ. middle coins, giving you a total cost of, say, $180: ($7 x 18) + ($30 x 2). If it sells for $400, you just made $120. On a single roll. And he has hundreds listed. Even if you splurge on nice XF/AU coins as the middle fillers, you can still clear over $50 per roll on average without any trouble at all.

A so-called "Uncirculated" roll of Morgan dollars with "CC" end coins sold for $2,800. Figure the roll is two MS63 1883-CC's at $170 each and the middle is 1886, 1887, 1884-O, etc. in low MS for $30 each. Seller in that case would have a cost of $840, and make almost $2k in profit.
Member ANA - EAC - TNA - SSDC
Specializing in 1932-1964 Washington quarters

"Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis
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United States
1450 Posts
 Posted 07/03/2018  03:25 am  Show Profile   Bookmark this reply Add Coconutjoe to your friends list Get a Link to this Reply
Just a quick note..

When they say "Unsearched" rolls, it means that the rolls are "Unsearched" by YOU !
"Completed Dansco 7070 US type album. Upgrades to come"
http://goccf.com/t/325884

If you SEE a post milestone, 250, 500, 1000, 2500, 5000, 10K+, click below.
http://goccf.com/t/316031#2688706
Bedrock of the Community
United States
14445 Posts
 Posted 07/03/2018  07:28 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
You can never be too trustworthy, you CAN be too trusting.
Gary Schmidt
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United States
17017 Posts
 Posted 07/03/2018  09:03 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
And that is why eBay makes so much money for people. Worst thing is how few really tell the bad stuff that happens.
just carl
Pillar of the Community
United States
1297 Posts
 Posted 07/03/2018  3:56 pm  Show Profile   Bookmark this reply Add Kurrency Ken to your friends list Get a Link to this Reply
Basically scumbags. They ruin it for everyone else.

KK
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