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 Replies: 20 / Views: 2,853 |
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Pillar of the Community
United States
663 Posts |
Just went to the bank and asked if they had anything unusual. Turns out they did! I've never seen these before, but I'm kind new at collecting. I bought all of them they had or $100. She said a lady who collected coins needed money and cashed them in. It is a mix of 2005 and 2006 Philadelphia and Denver mint rolls. What should I do with these? I know we are supposed to look for the speared buffalo, but should I really open these? Are they worth more in the rolls? Do I ruin their value, if any, by opening them? Help....   |
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Pillar of the Community
Canada
5417 Posts |
Worth a lot, lot more sealed in their original rolls. Keep them in. If you're really, really keen open 1 of each and check em out.
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Pillar of the Community
United States
3755 Posts |
OK, thats weird. Nickels come in 2 dollar rolls, not 1.25. Never seen that before. That has got to be after market. The mint rolls were completely different.
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Rest in Peace
 United States
1380 Posts |
These were sold for ab huge premium by the World Monetary something.
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Pillar of the Community
 United States
663 Posts |
When you say "a lot more", how much are we talking about?
The world monetary thing sounds interesting. Any idea where I can get more info on these?
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Pillar of the Community
United States
4901 Posts |
They are aftermarket rolls of nickels worth $1.25/roll. If you want to look for varieties then go for it but, since they have been re-wrapped they very well could have been searched already. Good news is that you won't lose any money on them....unlike the person that purchased them originally. edited to add: There have been a decent amount of the same rolls for sale on ebay from 1 to 500 roll lots. They have not sold any.... Edited by Foxwoods Man
03/26/2014 5:11 pm
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Pillar of the Community
United States
6130 Posts |
I'd say try posting them on ebay at face, and see if anyone bites. If not, just dump them right back at the bank or spend them |
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Pillar of the Community
United States
663 Posts |
So in other words, nothing special after all....?
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Pillar of the Community
United States
663 Posts |
Why would anyone buy a roll or rerolled coins like that?
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Pillar of the Community
United States
3755 Posts |
As I said these are after market rolls. If they were the original mint rolls, then they would hold a premium. But these? Nope. As I said, they arent even a standard roll.
And people buy this stuff out of ignorance. No different than anything else. People listen to some sales pitch and dont bother to do any research.
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Pillar of the Community
United States
663 Posts |
And that, my friends, is why I'll never buy coins at more than face value! ;-)
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Pillar of the Community
United States
663 Posts |
Thanks for all of the help guys! :-)
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Pillar of the Community
United States
3755 Posts |
Quote:
And that, my friends, is why I'll never buy coins at more than face value! Hold on now. As I said, THESE coins in THIS presentation are worth only face. I sold just about every extra roll of 04 and 05 rolls from the mint at a profit. It is a matter of research as I said. |
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Pillar of the Community
United States
663 Posts |
Oh sure! Just saying, why did the lady who bought these from the world monetary exchange pay a premium for them?!?! Speculation you think? She thought they'd be worth something some day?
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Pillar of the Community
United States
2311 Posts |
@Agrippa, Those are what we call scams. You believe the advertisement that they will someday become worth money. But as the time go's on, you see they haven't even became worth more than face value. People who aren't collectors get tricked by them. Lets say your Cousin knows you collect coins. It's your birthday coming up, he reads a stupid advertisement paper saying these are "Rare" or "special" coins for only 5X's the face value. Well, he believed them and just bought them for you.
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Pillar of the Community
United States
663 Posts |
Yeah, that makes sense now that you put it like that. Sad that those kinds of things exist....
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Replies: 20 / Views: 2,853 |
Posted 03/26/2014 4:38 pm
