Presidential Dollars In String & Sons Rolls Vs. Tubes

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Author	Replies: 5 / Views: 1,179
seth Valued Member United States 143 Posts	Posted 01/26/2013 08:12 am I have three or more rolls of every presidential issue through 2011 in String & Son rolls. If I open the rolls and put them into plastic tubes, does that lower the value at all? Each was bought at face value at the bank and the opposite mint mark rolls through a distributor at face +$2.50/roll. TIA, Seth Report this Post to the Staff

yotie Pillar of the Community United States 3077 Posts	Posted 01/26/2013 10:25 am i would search em and find the top 10 of each prez and spend the rest but thats just me Report this Post to the Staff
DNA Pillar of the Community United States 2734 Posts	Posted 01/26/2013 11:15 am Quote: If I open the rolls and put them into plastic tubes, does that lower the value at all? These are very common and easy to find in OBW (original bank wrap) rolls, so no. Paper rolls can also cause toning in long-term storage. And as yotie said, you can search for high-grade and error coins. Report this Post to the Staff
denco7 Pillar of the Community United States 2543 Posts	Posted 01/26/2013 12:02 pm Just saw 10 rolls of the first 10 presidents on craigslist for $400. I felt like replying to the guy to just buy $250 worth of gas. I think a lot of people stocked up on them when they got taken out of circulation. Now there are millions on the market and exceptfor people like me , no one wants them except in high MS or PF70. I agree with DNA, the rolls will ruin them for all except the most ardent OGP collector. I collect mint sets , proof sets, and couple of each out of rolls to make sets for the kids, but beyond that, they are still worth a cup of coffee and a tank of gas. Yay, coin collecting " when you spend all your money, you still have money to spend " Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 01/26/2013 12:04 pm The problem with the rolls is that an original unopened roll SHOULD be more valuable, but there is no way to know what is in the roll without opening it. You can tell the president and therefor the year, but not what mint it is. And once you open it to determine the mint, it isn't an original unopened roll anymore. Report this Post to the Staff
DNA Pillar of the Community United States 2734 Posts	Posted 01/27/2013 9:23 pm Quote: the rolls will ruin them for all except the most ardent OGP collector. Only Mint-wrapped rolls are "original government packaging", seth's coins are in bank rolls. Some of the Mint rolls command nice premiums (ie: William Henry Harrison), but bank-roll Presidentials bought for face value were heavily saved. I knew a now-retired Wells Fargo teller who kept a large stockpile of OBW rolls for her collector clientele. This, and the series turning NIFC in 2012, basically means you might as well open your OBW rolls and search them. Only the Mint rolls are worth keeping wrapped in paper (and Mint rolls show the mint that made the coins, negating the problem with OBW rolls that Conder101 noted). Edited by DNA 01/27/2013 9:24 pm Report this Post to the Staff
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