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 Replies: 11 / Views: 1,459 |
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Pillar of the Community
United States
1626 Posts |
Hello everyone, This is my 1st post on this forum. I have been collecting coins for about 20 years off and on, however recently have been really getting back into it. I would consider myself a novice collecter. My quetions are.... 1.) Are rolled coins from the U.S mint concidered uncirculated (MS-65)? The reason I ask this is because I just purchased the 2001 P & D Kenndey Half Dollar roll set for 35.50 but looking in my Red Book it shows that a 2001 P is worth 10.00 each in MS-65. 2) Are these coins worth more if I never open the box from the U.S Mint? Thank you. Tim |
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Forum Mom
 United States
5877 Posts |
Hi Tim and welcome to our Coin Community family.  The coins you get from the mint in rolls will be uncirculated but by no means will they necessarily be MS65 or better. They could be as low as MS60 depending upon how many contact marks they have and if there is any rub from other coins in the hopper. These coins are not handled in any special way to preserve their condition. Many people feel that you have as good a chance of getting a higher grade uncirculated coin in a bank roll as you do in rolls from the Mint. The difference is that you will pay face value at the bank rather than the premium at the Mint. If they gave these coins any special handling, I would say they were worth purchasing from the Mint. It is my personal opinion that it is better to open the rolls and cherrypick the higher grades than to leave the roll sealed, but I think there are others who disagree with this. I'm curious to see what others have to say to this.  |
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Pillar Of The Community
3147 Posts |
Welcome Tpatna to the forum. Hope you make the effort to become a regular member of our little family! You will get a mixed bunch of answers to your questions as no one answer will suit everyone. Uncirculated coins from the mint should be considered MS-60. If you have some really excellent coins I would suggest sending them to a grading service for grading and encapsulation. Only then will those "higher grade" coins be a guaranteed item and backed by the grading service. While every coin collector should make the effort to learn to grade coins most of use run into problems after MS-63 as the higher grade coins are far and few.
In regards to your second question well there are those who absolutely treasure those unopened boxes and will pay a premium to get them. I would suggest you ask yourself whether you are a box collector or coin collector? I have coins, mint sets and proof sets that are still in the box but the only reason is that I have had no reason to open them. In a world of "big" money for errors I seldom sell anything without having a "look" before letting them go which means I MUST open a box before selling. Also, in my opinion, a box is NOT good for long term storage as cardboard tends to draw moisture! You will get a variety of answers here and, for the most part, all of them will be good advice as we all do things just a little bit differently so you will have to make up your own mind what pleases you. Good luck and welcome to the forum!
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Rest in Peace
United States
3730 Posts |
Hi! Welcome to the forum.
You can see how helpful it is by the answers offered by Susan and Terry.
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Pillar of the Community
 United States
1626 Posts |
Thank you for your advise. One thing I was concidering to purchase was the 2004 P & D Peace nickle rolls off of ebay. Looking on ebay these are rather pricey, however I can get rolls off of ebay that say they are Bank wrapped. Would this be something to concider..? Also why are these rolls so exspensive compared to the Keel Boat, Ocean in View, and American Bison. |
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Valued Member
United States
79 Posts |
With modern coins price is determined by number minted as well as supply and demand.
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Valued Member
United States
62 Posts |
Susanlynn9, you say about buying a coin roll from the bank. Is that true you can get a roll of uncirculated coins from the bank? How do you go about this? I only ask because I asked at my local bank and they said they dont have new rolls.
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Valued Member
United States
103 Posts |
I agree with Susan as to the coins being uncirculated but not necessarily MS65.....As to open or not.....I would say that all depnds on you.......sometimes the value on mint rolled items goes up and sometimes not.......what makes a big difference in price is whether or not someone is likely to find an error or variety from an unsearched roll.......they will pay a premium for the opportunity or chance that there may be something there......also for the long haul I would be willing to bet that mint rolled items will command a much higher premium than bank rolls or for coins rolled by contractors for the mint..........but that is just my opinion.....
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Valued Member
United States
380 Posts |
banks go through alot of coinage and new coins will come in. some times it's just a matter of timing ie. at the time you asked for new (rolls) of coins they did not have any,don't be discouraged.persistance will eventually pay off for you.  |
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Forum Mom
United States
5877 Posts |
You can ask the tellers at your bank when they will be getting rolls in from the Reserve Bank. That's where the rolls from the Mint go. You'd be surprised how many bank employees will be more than happy to help you get rolls. |
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Valued Member
United States
62 Posts |
That sounds good to me. I guess I will have to get to know the tellers at the bank! No more doing my banking online!
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Valued Member
United States
346 Posts |
Heres an oddball question for you. Is a Credit Union the same as a bank? Do credit Unions get rolls from the Federal Reserves also? I have an account with a credit union but I dont know anything about how they deal in coins.
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Replies: 11 / Views: 1,459 |
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Posted 03/01/2006 7:21 pm
