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 Replies: 15 / Views: 2,720 |
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Valued Member
494 Posts |
http://www.ebay.com/itm/50-ROLLS-Un...g=1004&rk=3&I know I know... "unsearched" wheat pennies are a myth. I've purchased several from many sellers on ebay and at flea markets, and most are searched - maybe not by the seller, but obviously someone searched them down the line. If you get "lucky" you will find decent grade wheats, but most are commons in AG condition. My Mom is a bank teller and saved a couple white/red tightly bank wrapped rolls with heads/tails wheat pennies - ended being on average 18-35 wheats in those rolls. This brings me to the above auction - I actually purchased some rolls in March/April from this seller and they were mostly common years (40's and 50's), but they were all in above average condition for "unsearched" wheat pennies. I think of the rolls my mom rescued from her bank when I ask if it is possible to have this many wheat cents machine wrapped in a modern era by a banking institution - judging by my experience, and the ratings of the seller - these are mostly common, but if you actually took a cross-section (truly unsearched) sample of a load of wheat pennies, wouldn't the majority of them be common due to the fact that there are simply MORE of those years (hense why they are common in the first place). The "story" in the auction sounds plausible simply because I've seen these types of rolls; albeit, not 100% wheats, but I'm sure they are out there. How tuff would it be to buy a machine wrapper and a couple rolls of NF string paper - maybe $500-$750 for a "professional" looking crimp. What are your thoughts/experiences with these scenarios?
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Pillar of the Community
United States
1193 Posts |
Lonz, this seller has been selling this listing for over a year now. While the story may be plausible, the continued quantity in my opinion is not. For such "honesty" I'd expect 100 positive feedback. I personally don't trust it.
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Pillar of the Community
United States
2130 Posts |
If you look at the rolls you can see they have been tampered with. I reported it as such.
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Pillar of the Community
United States
1745 Posts |
Really, all head/tail? If they were machined wrapped, there is only a 50% chance that any individual roll is H/T or T/H. So to have them all H/T or T/H is very unlikely. It's like flipping a coin and getting heads many many times in a row.
So that alone tells me it's a sham.
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Pillar of the Community
United States
8516 Posts |
Brand new wrappers too. If that old couple had a hoard, they would be nasty looking wrappers.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Bedrock of the Community
United States
19943 Posts |
Don't fall for this, nothing but a scam.
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Pillar of the Community
United States
2624 Posts |
Quote:
How tuff would it be to buy a machine wrapper and a couple rolls of NF string paper - maybe $500-$750 for a "professional" looking crimp. I've seen crimping machines under $400.00 |
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Valued Member
 494 Posts |
I'm in agreement - although, chris12018 - I didn't think the ones I received were "tampered" with - they were as tight as they come.
Guess its time to hit the estate sales for any hopes if unsearched.
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Bedrock of the Community
United States
19943 Posts |
There are pretty much no "unsearched" wheats in the market.....except perhaps in terms of the varieties, mostly the minor ones. The vast majority of wheat cents have been looked over for decades for the conditional rarities, major errors and varieties. Buying bags of them is fun, but don't pay more than 5 cents per coin and don't expect to find key dates.
If you truly want as close to unsearched as possible, look for a friend or relative that has a very old hoard.
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Pillar of the Community
United States
1704 Posts |
Quote:
If you truly want as close to unsearched as possible, look for a friend or relative that has a very old hoard. That's probably the only way to be sure the cents have not been gone through. You don't even need multiple rolls to find a rare date or variety. I was in a friends shop several months ago and a woman came in with a hodgepodge of U. S. and foreign coins. She had a French 20 Franc gold piece, some silver and non silver foreign coins, a handful silver and non silver U. S. coins. In the U. S. coins were 15 Lincoln cents all but one went into a single pile and one he paid the woman $900.00 for. It was a 1909-S VDB in XF-45 condition. A very nice honest coin, not cleaned or damaged in any way. The woman had no clue she had such a valuable coin and no one in her family was a coin collector, these were just saved because they were old or different. None of the coins were in any sort of holder, they were all loose. Ed ANA LM-3175 |
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Bedrock of the Community
13014 Posts |
Theres some unsearched rolls on ebay from honest sellers. However the vast majority of them have been searched and there are SO many of those that its absolutely impossible to tell and everyone of them should just be considered searched and left alone |
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Valued Member
494 Posts |
basebal21 - if you wouldn't mind, please share those unsearched listings - would love to see them.
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Bedrock of the Community
13014 Posts |
Lonz dont know of any myself, but as with anything in life there will always be a group of honest people. They exist somewhere on there, theyre just mixed in with to many dishonest ones to find.
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Valued Member
494 Posts |
haha... kinda like silver in a sea of clad!
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Bedrock of the Community
13014 Posts |
Pretty much, you know it exists and is out there but it doesn't ever mean youll find it
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Pillar of the Community
United States
593 Posts |
I am more of a stamp collector than coin collector, but the same rule applies: There are certain items that no knowledgable person would sell without sending it off for a cert unless they had doubts about the authenticity. I avoid such sellers.
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Replies: 15 / Views: 2,720 |
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Posted 07/07/2012 12:08 pm
