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 Replies: 10 / Views: 1,125 |
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New Member
United States
12 Posts |
Hi, I'm really new to collecting. I've seen on ebay and thru the US Mint, Current and older yr Mint Rolls for sale. The conditions of these coins straight from the Mint, or otherwise still in the Mint Wrappers, are the coins within worth getting graded/slabbed? I've read about searching for errors that may be inside, but can coins in regular production can be found in high grade if they are handled properly out of a mint released roll? thanks in advance! Pete from Guam |
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Pillar of the Community
United States
7123 Posts |
Hi Peter Welcome to the forum !! It is a common misconception that the coins in the US mint rolls receive special handling,, when in fact they do not, they are handled exactly the same way as the rest of the coins struck for circulation. the chances of finding a coin that will achieve a high grade from a TPG are the same as bank rolls which can be had for face value from most banks. mint sets are the best bet for coins which may grade higher , but even then the handling of the coins within a mint set is only slightly better than for coins which are to be released into general circulation. The only coins which receive special handling at the mint are the proof coins that are packaged for sale to collectors these coins are never intended as circulation coins. Metalman |
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New Member
 United States
12 Posts |
Hi Metalman, So basically, if I were to set off on collecting high grades, I would mainly look to purchase only proofs from the Mint or certified/graded items through dealers, ebay, catalogs? Is it safe to assume that any US coins picked up from ebay grab bags would never grade high as I am probably under-estimating the sensitivity of the grading process? The only hope in like a grab bag would be to find something rare, because pristine/perfect would never be handled that way? thanks pete |
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Pillar of the Community
United States
7123 Posts |
Hi landslide_71 The grab bag type sales on ebay are not a good choice for either high grade coins or rarities. they seldom will achieve the value paid . I do not use the TPG's but that is my preference ,,but if I was to use them and wanted coins that I could be fairly sure were represented accurately by the grade on the lable, I would buy only ,PCGS,NGC,Anacs slabbed coins. there are many grading companies but they are not created equally. From the mint ,, Proofs are a good choice ,mint sets also produce some very nice coins, but it may take many sets of the same year to assemble a single high grade set. or luck could be on your side and you may only have to go through a few mint sets,, My suggestion is that you take some time to learn before buying alot ,,the time spent will payoff in the end. There is alot of info on the forum , practice with us in the grading forum , talk to the other members about the coins that interest you , ask alot of questions . we have some really great members here who can help you become more confident with just about any series of coins . Metalman |
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New Member
United States
23 Posts |
How long has the mint been selling rolls to the public? Does the time and date stamp on the box the roll comes in mean anything? Are we just going to have to wait and see it a market develops in the future for "old rolls from 2007"? Future collectabilty also will hinge on publication of how many rolls were sold to the public.
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New Member
United States
12 Posts |
Hey there Brettwp, which brings me to another question, rolls that are designated "First Strike", I know they are not designated by the Mint as such, but I've seen dealers with good feedback on ebay post up rolls and because of production date, are considered first strike. one ebayer states that MS70s come from the first strikes? much a do about nothing? or is there some kind of value from picking up these rolls produced the first month of new issue. Hafa Adai from Guam! pete |
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Pillar of the Community
United States
1626 Posts |
I have noticed that mint rolls seem to bring more of a premium than bank rolls on ebay.... |
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Bedrock of the Community
United States
12437 Posts |
quote:
...rolls that are designated "First Strike", I know they are not designated by the Mint as such, but I've seen dealers with good feedback on ebay post up rolls and because of production date, are considered first strike.
one eBayer states that MS70s come from the first strikes?
"First Strike" is the most meaningless numismatic term ever created  The US Mint DOES NOT keep track of production dates, the numbers on the boxes are for inventory and storage purposes only and have no bearing on the mintage date. Anyone that states that they know when a coin was produced either- 1)manned the coining press themselves and smuggled it out of the US Mint (virtually impossible) 2)attended an official First Strike ceremony and received one (only if you are a Mint director, US Treasurer, coin artist/designer, or other assorted dignitary) 3)is flat out lying (most probable answer) Note: Not included are US Mint products such as the First Day Coin Covers and Coin and Die sets. The coins contained in those products do have the production date listed As far as MS70s coming from first strikes, that is bunk too. The chances of getting a business strike MS70 for any coin are exceedingly slim to nil regardless of when it was minted. Coins that are thrown in Ballistic Bags with a few hundred thousand other coins don't come out MS70. By definition, a first strike is one of the first few coins to come from a die. Well, new dies are not just used when a new coin begins its mintage run. The high speed Schuler presses can produce millions of coins per day. A die can last anywhere from a few tens of thousands of coins well into the hundreds of thousands so in one day, there will be several die changes. Do you want a 10am first strike, a 1pm first strike or a 4:27pm first strike?  When a coin was minted has virtually nothing to do with its condition. It is the treatment after mintage that has everything to do with condition. Edited by biokemist6
03/20/2007 12:30 pm
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Pillar of the Community
United States
7123 Posts |
 with Biokemist Metalman |
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Valued Member
United States
335 Posts |
And even if the TV coin people are not discusing First or Early Strikes,but rather somethng else,just smile and don't believe them.Although some useful facts are sometimes disclosed.
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Pillar of the Community
United States
2270 Posts |
"When a coin was minted has virtually nothing to do with its condition. It is the treatment after mintage that has everything to do with condition."
This is not entirely true and for some collectors is not true at all. Grade is partly determined by strike and many collectors are extremely concerned about not only the strike but the condition and alignment of the die which made it.
Coins do go through the entire minting process and can be made nearly perfectly and escape with virtually no damage. The odds are very much stacked against this but it can and does happen. It's rare in mint sets as well but these coins are intended to be well made so is not nearly so rare.
Clad coins made from new dies can be identified in most cases by the tiny imperfections seen from the die and the crispness of strike. There is very rarely any way to know on what date it was made but it can be discerned that the coin was one of the first ten or fifteen from the die. After this the markers will be worn away.
Time don't fly, it bounds and leaps.
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Replies: 10 / Views: 1,125 |
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Posted 03/19/2007 10:16 am
