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'unsearched Rolls'

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Tjmcman's Avatar
United States
225 Posts
 Posted 07/20/2012  01:20 am Show Profile   Bookmark this topic Add Tjmcman to your friends list Get a Link to this Message Number of Subscribers
I think the term 'unsearched' is the most common description I've seen on e-Bay. And I'm not really sure how someone selling coins would sell a roll of coins without first knowing what they were selling.

But then I bought a three boxes of 25 rolls of pennys and realized it will probably be 2014 before I really get through them...

These claims of 'unsearched'.....are they reliable?

Thanks,
Terry McManus
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Fuzzy317's Avatar
United States
14463 Posts
 Posted 07/20/2012  01:43 am  Show Profile   Bookmark this reply Add Fuzzy317 to your friends list Get a Link to this Reply
I think it really depends on what you or they mean by "unsearched". When I bought rolls, it was to simply look for dates I was missing. I know many people search for varieties and errors, but that wasn't my goal. So the rolls I have are searched for dates/MM, but not varieties or errors. So, I could sell my rolls as "unsearched (for errors)".

Rolls have to be all the same denomination coin, so that means partial searching occurred . Doesn't it
Edited by Fuzzy317
07/20/2012 01:47 am
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fenton's Avatar
United States
4989 Posts
 Posted 07/20/2012  01:52 am  Show Profile   Bookmark this reply Add fenton to your friends list Get a Link to this Reply
Usually what happens is a dealer sells by the pound for 7-10 cents per coin and buys by the pound for 2-3 cents per coin.

Collectors over the years have removed nearly all the teens, twenties, and thirties so what is left in those bulk lots are mostly forties and fifties.

Similar to roll hunting. A roll you buy is in fact random but the population of silver is way lower than it was 10-20 years ago.
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basebal21's Avatar
13014 Posts
 Posted 07/20/2012  02:24 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
In the specific instance of ebay, no the term is not reliable. Are there unsearched rolls on ebay from honest seller yes, but they are few and far between. The problem is is that 99% of them have been searched and many of them even set up to have some desirable coin on one if not both ends of the roll. The ones on both ends of the roll especially are a huge scam.

Those rolls have all been searched for key finds ect and then rewrapped that way to trick people into thinking theyres a lot more where that came from and be sold at a premium to make money. You may in fact get a good roll the first time to lure you in, but after that itll be less and less if at all and the seller will probably just claim not every roll is full of gems.

Stay away from them on ebay. The site is flooded with these unsearched scams and they usually do very well. As long as people keep buying them theyll keep doing it.
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Sap's Avatar
Australia
16842 Posts
 Posted 07/20/2012  04:20 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
I would postulate that there are indeed some genuine unsearched rolls out there, but that most of the sellers who own them aren't aware they're supposed to call them "unsearched".

In other words, most of the people who actually put "unsearched" in their description are lying.

The ones that really crack me up are the ones selling things like rolls of "unsearched wheat pennies". Oh, really, now? If they really are "unsearched", how do you know that they really are all wheat pennies in there?
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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TheFlyingPenny's Avatar
United States
11 Posts
 Posted 07/20/2012  07:30 am  Show Profile   Bookmark this reply Add TheFlyingPenny to your friends list Get a Link to this Reply
^^ I agree with this person. I've bought rolls of 'unsearched' wheat pennies to fill in holes in dates and mints in my collection. When I did that, I carefully documented the contents of each roll and the seller it came from. Then I made a graph of the results (because such things amuse me) and found the contents of each roll were suspiciously uniform from roll to roll. If you'd like, I might be persuaded into digitizing my findings and posting them up here. Now, I'm new to coins (like I've been seriously studying them for about a month) and early in my study I bought one of there rolls for around $30. Bad bad bad bad bad idea. It had some Indian heads in it, but really wasn't worth it.
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Weezer1878's Avatar
United States
349 Posts
 Posted 07/20/2012  09:22 am  Show Profile   Bookmark this reply Add Weezer1878 to your friends list Get a Link to this Reply
The only "unsearched" rolls I will pick up are from the bank. Even then they could have been searched by another collector in the area, but I'm not losing money over it. I can just re-roll it and turn it in for another.
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dsfreeworld's Avatar
United States
4337 Posts
 Posted 07/20/2012  09:52 am  Show Profile   Bookmark this reply Add dsfreeworld to your friends list Get a Link to this Reply
i'd only for the ones that show the actual end coins so you can guestimate the grade based on the pics and that way you know where to cap your bidding. I don't believe anyone, ANYONE, would truly sell a roll of unsearched anything...its all a sham...
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OldSkoolMadSkilz's Avatar
United States
2077 Posts
 Posted 07/20/2012  11:42 am  Show Profile   Bookmark this reply Add OldSkoolMadSkilz to your friends list Get a Link to this Reply
Some unsearched rolls are obviously searched, especially the ones where there are special coins exposed on the ends. Some rolls and bags are unsearched, but the source of the coins is a bin that has been heavily picked over either by retail customers or people bringing in the coins. The only truly unsearched rolls are those that were rolled by banks an forgotten about. Extremely rare.

Be careful. There are plenty of scams out there. I saw an ebay seller put a bunch of cents in plain brown tubes, stamp FEDERAL RESERVE OF DENVER on it, kick it around until it was frayed up and then claim it was an old bank roll. The giveaway was that most of his rolls had 1916 dimes on the end. I asked him how it was that the Feds sorter malfunctioned that often, and always a 1916 dime, always face up, and always on one end. No answer.
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Coinstar's Avatar
United States
1510 Posts
 Posted 07/20/2012  12:06 pm  Show Profile   Bookmark this reply Add Coinstar to your friends list Get a Link to this Reply
unsearched rolls= bigfoot, loch ness monster ect
Retired USAF 1983-2003
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United States
20753 Posts
 Posted 07/20/2012  12:19 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Just THINK. Anytime, anyone says I have UNSEARCHED, all Wheat Back Lincoln Cents, how would they know what they are unless they did search them. If I said I have 5 Nickels in my pocket and they are all 1999 Jefferson's, but I never looked, how would I know?
On the internet the so called UNSEARCHED term is interchanable with I have coins to sell and no nothing about them, my (Aunt, Uncle, Father, Mother, etc.) pick one, died and left me these, I found these in my basement when I moved in and on and on with the same ones.
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United States
1590 Posts
 Posted 07/20/2012  12:36 pm  Show Profile   Bookmark this reply Add jmkendall to your friends list Get a Link to this Reply
I agree with most of the above. Most are scams. Most of the legit rolls are from bulk bins. And there are a few, very few that are really what we all look for. However; they are so few and far between as to make it not worth your time to search out. A nice rule of thumb I use is that if a seller is not normally a seller of coins and just has a few rolls for sale; I might bite. If the price is right. Typically even those are mostly late 30s to present pennies.

You have to keep in mind the mindset of the sellers though. Which most people on these boards don't. There are basically three types of sellers; flippers, coin collectors, and non-collectors.

Flippers will buy coins in bulk from estates, storage units, or from large collections. Now those people can care less what is in those rolls. They might, might take the time to go through a couple to see if it is worth their time but usually will just sell as fast as they can.

I bought a large collection of pennies from a woman whose father had passed away and she simply wanted two times the value for the pennies rather than sending them to the bank. This collection consist of $250 face value in pennies. Like you it is going to take me awhile to sort through them. And sort I shall! I'm a collector, not a flipper.

A flipper friend of mine keeps telling me to just sell them for $2 a roll and be done with it. In fact he offered me 3x face because he knew where he could offload them for 4x face!

Second flipper story. One of my local bullion dealers, who was also a coin collector got so caught up in making money by scraping coins that he never went through his bags of coins; ever. But he let me go through them each day before he counted them and bagged them for the scraper. I found many "s" mint barbers including a 1903 S in XF. I also found one 1916D in G4 ( Mercury dime), a number of Merc 21 and 21d's. More BU Mercs than I can think of. A 1913 Barber Half in Fine. Just about every date and mintmark of Walking Liberty halves; including a half dozen 38d's and one very nice 1942/41 Merc.

The last seller is just what I said a non-coin collector that came into some coins and just wants to sell them. That is where the hidden gold....may..just may be.

This last lot that I am dillegently digging through? 95 percent 40s and 50s ( though some really nice BU coins here and there) but I did find a 14d..in AG but hey! It's a 14d!

Good luck, but don't let your emotions get the better of you when looking. And like everyone always,always, always; stay away from the ones with dimes on the ends.
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kookoox10's Avatar
United States
1054 Posts
 Posted 07/20/2012  12:36 pm  Show Profile   Bookmark this reply Add kookoox10 to your friends list Get a Link to this Reply
Unfortunately the term unsearched has been salted all over ebay for the cent rolls that it takes away from those that are truly unsearched. Same with the bags folks sell on there.
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