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Inherited Some Old Coin Rolls - Store Or Open?

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Collector-Corner's Avatar
872 Posts
 Posted 11/04/2013  10:29 am  Show Profile   Bookmark this reply Add Collector-Corner to your friends list Get a Link to this Reply
Look, a sealed roll, is just paper. not checking these rolls in my opinion is a mistake... there could be a rarity in these coins - a single coin may be life changing.

They can be re-rolled by you. Checking the rolls is a smart option. Identifyimg the rare ones is a smart move. Should something go wrong and the merchandise is stolen, lost, involved in a fire, flood or other disaster, that potential rarity that should have been found could be lost forever.

If these coins are REALLY shiny, I suggest getting some white gloves that are used to handle coins and photos. You can use just one glove at a time if need be to handle the coins. Keeps the fingerprints and oil off coins and thus may sell for a higher premium.

Remember prior to 1964, most coins (minus pennies) should have silver in them.
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BStrauss3's Avatar
United States
4593 Posts
 Posted 11/04/2013  10:34 am  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
Truly unsearched rolls might sell for a small premium, but your sales pitch would be drowned out by the scammers.

Take the roll of IHC. Based on the dates, the optimist says - "gee a roll of IHC" while the pessimist says "Gee, a roll of random cents with the 2 best - IHC at that - on the ends".

So I vote with the rest, open them. But I suggest you do it systematically to give yourself some time & space to figure out if you ENJOY collecting coins and the hunt.

Pick up a copy of a grading guide (PCGS has a free app and online site) and a copy of "Strike it Rich" or "The CherryPickers Guide" and a magnifying glass/loupe. Under a decent light, spread out a cloth (clean dish towel will work) on the table, open the roll and sort by date and mintmark.

With a pad of paper handy, coin by coin, compare your coin to the grading guide and record the grade.

Check the book and see if it's a year that might have a special valued version and if so, compare the coin to the diagnostic marks.

When you then check the online price guides, remember you are looking at retail prices, and a dealer will probably offer only 50-60% of those.

If, at the end, you had fun, consider becoming a collector and roll hunter. If you find it tedious and hated it, well, there's the other answer.
-----Burton
50+ year / Life / Emeritus ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club
Owned by three cats and a wife of 40+ years (joined 1983)

Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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stud722's Avatar
United States
1088 Posts
 Posted 11/04/2013  12:01 pm  Show Profile   Bookmark this reply Add stud722 to your friends list Get a Link to this Reply
I forgot to say !!!
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jbuck's Avatar
United States
189340 Posts
 Posted 11/04/2013  1:56 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
I collect coins, not rolls, so I say open them.

to the Community!
New Member
United States
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 Posted 11/04/2013  2:04 pm  Show Profile   Bookmark this reply Add CB372006 to your friends list Get a Link to this Reply
Thanks all for the welcome messages and feedback!

I've never really thought too much about coin collecting, but after reading through this forum and doing some more research online, I've found a lot of interesting stuff! Based on the feedback, it looks like opening the rolls is the way to go. I plan to pull the collection/rolls out of storage in the next week or so, so I'll report back on my findings.

Thanks again!
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jbuck's Avatar
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189340 Posts
 Posted 11/04/2013  2:32 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
I plan to pull the collection/rolls out of storage in the next week or so, so I'll report back on my findings.
Very good! We await the results.
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noahs-numismatics's Avatar
Canada
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 Posted 11/05/2013  12:33 am  Show Profile   Bookmark this reply Add noahs-numismatics to your friends list Get a Link to this Reply
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CoinCollector2012's Avatar
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8137 Posts
 Posted 11/05/2013  11:31 am  Show Profile   Bookmark this reply Add CoinCollector2012 to your friends list Get a Link to this Reply



also to CCF!
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argentum's Avatar
United States
1195 Posts
 Posted 11/05/2013  1:11 pm  Show Profile   Bookmark this reply Add argentum to your friends list Get a Link to this Reply
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wheatchaser140's Avatar
United States
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 Posted 11/05/2013  4:27 pm  Show Profile   Bookmark this reply Add wheatchaser140 to your friends list Get a Link to this Reply
Can't wait.
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United States
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 Posted 11/05/2013  7:02 pm  Show Profile   Bookmark this reply Add LowLife to your friends list Get a Link to this Reply
OPEN THEM!! We want pics!
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Joseph7420's Avatar
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 Posted 11/05/2013  7:43 pm  Show Profile   Bookmark this reply Add Joseph7420 to your friends list Get a Link to this Reply
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United States
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 Posted 11/06/2013  10:21 am  Show Profile   Bookmark this reply Add srs77 to your friends list Get a Link to this Reply
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CoinCollector2012's Avatar
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 Posted 11/06/2013  3:36 pm  Show Profile   Bookmark this reply Add CoinCollector2012 to your friends list Get a Link to this Reply
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wheatchaser140's Avatar
United States
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 Posted 11/16/2013  3:16 pm  Show Profile   Bookmark this reply Add wheatchaser140 to your friends list Get a Link to this Reply
The suspense is killing me! I hope that this isn't a thread that never gets resolved, this could be a great story!

Take your time though, I hope nothing is wrong.
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