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 Replies: 25 / Views: 2,339 |
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Valued Member
United States
179 Posts |
I received my mint rolls of the new Washington dollars today. For long term investment possibility would it be better to leave them in a roll in the original mint wrapper, or break them open and individually package them?
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Member
United States
1154 Posts |
Definetly leave them in the roll. Id buy a mint roll over individual coins anyday. Plus, you always have proof they came from a mint roll and not a bank roll.
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Pillar of the Community
United States
1626 Posts |
I agree with laxmaster92
If you want to break open a roll, just get some from a bank at face value.
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Pillar of the Community
United States
834 Posts |
I am not sure why anyone would won't to pay more money per roll plus shipping for the Washington dollar when you can buy the same coin that is in a mint wrapper from a bank for less money.Howevery if that is what you are thinking then by all means keep them in the mint wrappers. There are some people who will only buy coins in mint wrappers so maybe some where down the road you may get more money per roll at least that is the way it seems to me.
Bruce.
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Pillar of the Community
United States
2269 Posts |
I would assume the mint wrapped coins are better in quality than bank rolled coins. From what I understand, once the coins are produced, the mint either wraps them or puts them in bags. The coins in the bags are loose and tend to rub up against each other. Eventually the bank gets the coins and puts them in rolls. I believe there is less damage on a coin if they don't have to go through the process of being bagged then rolled.
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Pillar of the Community
United States
834 Posts |
The mint does not wrap coins they send them out to a outside contractor who takes them out of the bags and rolls them. They roll both mint and bank rolls from the same bag so you are paying for the mint wrapper the mint is selling them for 35.95 plus shipping so the wrapper is costing you about $14.00 not sure just what the shipping price is so I will just pay the bank $25.00 A ROLL.
Bruce.
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Pillar of the Community
United States
7123 Posts |
Bruce is right !! there is no such thing as mint wrapped anymore just mint wrapping.
The coins in the mint wrappers are handled in exactly the same way as the other coins, they receive no special treatment.
Metalman
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Rest in Peace
United States
3730 Posts |
I might add that I've had real good luck with the coins I bought from the bank. I bought two rolls so far, and all 50 coins were in good shape with very few dings.
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Valued Member
United States
393 Posts |
They could'nt make their mind up about bagging or rolling so they went back and forth until mine are beat to pieces.
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Pillar of the Community
United States
1626 Posts |
Where does one obtain this information, about an outsourced company wrapping the coins for the mint to sell? I could not find it anywhere on the web. I'm just curious. I did notice, when the Jefferson nickels were hot (Westward Journey series), that the Mint wrapped rolls were selling for more of a premium than the bank wrapped rolls. Thanks Tim |
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Pillar of the Community
United States
834 Posts |
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Pillar of the Community
United States
834 Posts |
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New Member
United States
47 Posts |
I just opened a P roll from the mint, since curiosity was killing me and the coins in the roll are way better than then ones I got from the bank. I was wondering why the mint would make coins with so many dents, scratches, and lettering mess ups. The official mint roll was very nice, very few light scratches and the lettering was perfect.
I kind of regret opening it, but now at least I have seen dollars the way they should look. :)
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Pillar of the Community
United States
834 Posts |
Those coins fall into a big hopper with a thousand others coins, what you get is just the luck of the draw.
Bruce.
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New Member
United States
23 Posts |
I too just got my roll about a week ago. I hope someone could tell me how the roll is packaged inside the box. With all the hoopla about the no-edge-dollars, I would have thought my "P" Mint roll would be worth more, but it's not at all. If it doesn't have much value now, with the media and public interest in the errors, then when might it have more value?
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Moderator
 United States
23522 Posts |
quote:
then when might it have more value?
Maybe never. They're making them by the tens of millions. That's the point. |
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Replies: 25 / Views: 2,339 |
Posted 03/02/2007 10:23 pm
