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All Forums Category: US Coins and Currency Forums Forum: US Modern Variety and Error Coins

Presidential Dollars $250 Mint Sewn Bags & Mint Paper Rolls!

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Author Previous TopicReplies: 1 / Views: 1,077Next Topic  
BaconPickles
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 Posted 03/18/2013  9:22 pm Show Profile   Bookmark this topic Add BaconPickles to your friends list Get a Link to this Message Number of Subscribers
I recently purchased a large amount of Presidential dollars in $250 Mint Sewn Bags and various Mint wrapper rolls. These were part of a large collection that I purchased, and I am debating about opening them all up to look for errors. Any advice would be greatly appreciated!
Conder101
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17884 Posts
 Posted 03/19/2013  1:32 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
If you bought them for face value you have consider Can you sell them for a premium? If so and considering the chances of finding a significant error is minimal, are you likely to find something of value greater than the value you give up by opening the bags? If you can't sell them for a premium then you have nothing to lose.

If on the other hand YOU have already paid a premium then that is what you give up by opening them. And once again the question is how likely you are to find something worth more than what you gave up.

Personally since finding something is so unlikely I find the best thing to do with rollas and bags is to sell them unopened for a premium to the next person down the line in the greater fool theorem strategy.

On the third hand I own the industrial sewing machine that can sew the bags back closed again after I search them.
Edited by Conder101
03/19/2013 1:34 pm
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All Forums Category: US Coins and Currency Forums Forum: US Modern Variety and Error Coins



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