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Ebay Lincoln Penny "Old" Wrapped Rolls

 
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 Posted 05/07/2021  3:28 pm Show Profile   Bookmark this topic Add Farm1942 to your friends list Get a Link to this Message
What has been everyone's experience with buying supposedly old bank wrapped penny coin rolls? I've just tried this for the first time, a labeled old bank wrap Lincoln penny coin roll with a 1911D showing on one side. would like to hear everyone's experience with doing purchases like this and their experience in what they've found when breaking open the rolls. thanks!
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 Posted 05/07/2021  3:54 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
What do you think the odds would be of a 1911-D ending up on the end of an "old bank-wrapped roll", obverse conveniently facing out?



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 Posted 05/07/2021  4:20 pm  Show Profile   Bookmark this reply Add ijn1944 to your friends list Get a Link to this Reply
There are different approaches to selling 'old bank rolls'. I had considerable luck a few years ago on ebay, picking up a few dozen solid date '40s and '50s rolls--not the rolls showing rare/key/semi-key coins on the ends. The rolls I received were all BU, and scattered throughout the solid dates were some nice die chips and die cracks, a few RPMs, and a good number of MS66+ examples. A few end coins had classic bulls-eye toning.
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 Posted 05/07/2021  4:38 pm  Show Profile   Bookmark this reply Add Farm1942 to your friends list Get a Link to this Reply
LOL. I saw a "old wrap coin roll with a 1909S showing one end, and a VDB BU showing the other end go for $445 on EBay. Stayed away from that one.............guess it all is what one thinks they need for their collections, huh? That one surprised me as to what it went for.
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 Posted 05/07/2021  4:42 pm  Show Profile   Bookmark this reply Add Rothery to your friends list Get a Link to this Reply

Quote:
What do you think the odds would be of a 1911-D ending up on the end of an "old bank-wrapped roll",

It happens all the time - On eBay that is....
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 Posted 05/07/2021  4:48 pm  Show Profile   Check BadThad's eBay Listings Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
Classic ebay scam to separate people and their money.
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 Posted 05/07/2021  5:29 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
Wow , I hope you didn't pay a lot of money for that roll .
It's called a baited roll made up to con and fool a new collector into thinking that's got to be a really good roll full of nice old coins . A lot of us have been there ,done that but it only takes one time to realize there is no such thing as a sure thing .
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 Posted 05/09/2021  11:39 am  Show Profile   Bookmark this reply Add PlumCrazy814 to your friends list Get a Link to this Reply
I suppose it is now the best way to have the experience of looking through wheat pennies for a coin folder. However, do not believe any reference to "unsearched" rolls of wheat pennies. The current owner may not have searched them but someone did. Otherwise, they couldn't be sure they are all wheats.
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 Posted 05/09/2021  11:41 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
But wait, there's more! Buy 10 rolls and get one free!
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 Posted 05/09/2021  4:37 pm  Show Profile   Bookmark this reply Add fortcollins to your friends list Get a Link to this Reply
First,

Unsearched wheat cents still exist, but very likely not on planet eBay, and almost definitely not in supposedly bank wrapped rolls. Solid date rolls of wheat cents are common, but two things are virtual guarantees: they have been searched for die varieties and mint errors, and none of the coins will grade above average circulated for the date (AG/G before the late 1920s, G/VG/F through WW II, and VF/EF/AU after WW II). Supposedly bank-wrapped rolls can be created cheaply, by unscrupulous people who create rolls from generic junk coins, "salt" the ends with better dates or coins, use an inexpensive roll crimper to seal the rolls, and market the end product with puffery and deceit.

If you are looking for actual unsearched wheat cents, there are coin dealers who buy wheat cents in bulk and genuinely lack the time to search them for varieties and errors. You can bet that the key/semi-key dates have been pulled out, if they ever existed in the batch. There is simply too much money involved not to look for the key and semi-key dates. Your local coin shop may be the best inexpensive source. There are some national and regional dealers who sell genuinely unsearched Wheat cent bags. Be careful when buying from dealers in the eastern states, however, because Wheat cent bags from the east may contain all or nearly all Philadelphia coins. That's through no fault of the dealer. It's just a geographic reality.

Just a few thoughts. Others may see this differently, and may have different experiences to share.

Again, welcome!
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 Posted 05/09/2021  7:25 pm  Show Profile   Bookmark this reply Add Oldfordman to your friends list Get a Link to this Reply
Farm1942 Was that the one that went recently at auction? In the older looking roll that was claimed as an estate roll?
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 Posted 05/10/2021  11:23 am  Show Profile   Bookmark this reply Add Farm1942 to your friends list Get a Link to this Reply
Farm 1942 here. the $445 roll with the 1909S and VBD on ends I think you referred to was only "presented" as unwrapped previously. I would be greatly interested if any other semi-key or key dates were in the roll. Wonder if who bought it is on coin community? be interesting to know what else was found in the roll. I agree that the who thing with "old bank rolls" seems very fishy to me and if the roll with the 1911D on one end is even in the "Good" category. It seems pretty worn or what can be seen in the picture. I'm appreciative of the feedback and have been very leery of these "sales". I didn't pay much for the experience, $20 or so. Like everyone said, one time for the experience and then that's it for future such purchase thoughts!!
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 Posted 05/10/2021  7:33 pm  Show Profile   Check BadThad's eBay Listings Bookmark this reply Add BadThad to your friends list Get a Link to this Reply

Quote:
be interesting to know what else was found in the roll.


Normally, a bunch of circulated, common date cents worth at most 5 cents each.

Anyone that pays $445 for a mystery roll of cents has no sense!
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 Posted 05/11/2021  3:48 pm  Show Profile   Bookmark this reply Add rwkiii to your friends list Get a Link to this Reply
People can buy the wrappers and machines to pack 'OBW' rolls. If you want some real ones, look up coinmaster!! - right now he has a big selection of true OBW rolls by date and mint marks.

I've bought many from him. His rolls are the real deal. I haven't been happy any others.
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 Posted 05/12/2021  12:06 pm  Show Profile   Bookmark this reply Add Farm1942 to your friends list Get a Link to this Reply
rwkiii - can you elaborate? I don't recognize "coinmaster" - is this a website or what. thanks.
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 Posted 05/14/2021  12:17 am  Show Profile   Bookmark this reply Add Petespockets55 to your friends list Get a Link to this Reply
That looks to be a new name for a seller I use to get some rolls from on the bay. I say use to because it got to the point where he said they were the rolls you would receive but he used stock images for the auctions. And I couldn't trust him to be straight even if there were some varieties in some rolls. Any 1943 rolls were replated.
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Edited by Petespockets55
05/14/2021 12:18 am
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