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Where Do They Get Them?

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Agrippa's Avatar
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663 Posts
 Posted 04/02/2014  10:33 am Show Profile   Bookmark this topic Add Agrippa to your friends list Get a Link to this Message Number of Subscribers
So aside from the phonies who home wrap coins in old looking wrappers and sell them as "shotgun rolls" on ebay, where do people get "real" old rolls of coins? Where could I go or search for genuine old coin rolls? Any ideas?
Edited by Agrippa
04/02/2014 12:20 pm
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basebal21's Avatar
13014 Posts
 Posted 04/02/2014  11:00 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
Any real ones are basically going to be things a collector put away a long time ago and never opened. A coin shop could have some but it'll be the same issues as ebay. There's a very small chance a bank may give one out that's sat in the vault forever but it's overwhelmingly just going to be things collectors stored in the original rolls like the people that buy mint rolls now.
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Collector-Corner's Avatar
872 Posts
 Posted 04/02/2014  12:07 pm  Show Profile   Bookmark this reply Add Collector-Corner to your friends list Get a Link to this Reply
Throughout the years, I don't see anything that is possibly unsearched. At least not by the rolls.
Rolls are tough, because you have to assume any roll HAS been searched, extra coins sent to the Federal Reserve Banks or third party rollers and re-rolled.

It really depends on what TYPE of coins you want to search, and IF your searching for just High Quality Mint State Coins or, Varieties. There is NOT an all-inclusive warehouse of deals for every type of coin anywhere. It depends on the seller on the other end. The seller may be into pennies, dimes and Morgan dollars and may search those, but could care less about anything else.

It also depends on how much your willing to pay per roll. Its NOT a matter of "paying more will get you more". Sometimes its just the opposite of that. I have puchased some rolls for less than 3.00 each and got some real winners.

Don't forget about your local banks. Be EXTREMELY polite and courteous to the tellers, Tell them you are a coin collector and your looking to get penny boxes or rolls of a particular coin on a semi-regular basis. DO NOT push your luck and request too many at one time. Pick up ALL that you have ordered. Ask the bank if once you search the rolls/ boxes, if they would like them back, or not. Some will say No, and I take them to Coinstar and deal with them that way. I've seen too many people push bank at banks, and find themselves outside looking in, losing a sweet deal.

Any site, anywhere a "shotgun roll" that has been damaged on the ends - either end - should be scrutinized. I am a reseller of the NF String brand coin rollers and equipment, and it could be extremely easy to reroll any old bank roll if it is carefully opened. The only additional suggestions I can give are;

1. If you go through COIN DEALERS on ebay, look for the ones with the "PNG" designation. Those individuals are supposed to have a higher level of customer care and higher ethics.

2. If you want to look for coins on ebay, look for people who DO NOT specifically sell coins. You might be able to find a small antique shop, thift store or whatever that might occasionally sell rolls that are unsearched - BEWARNED - these people usually don't have a clue when it comes to quality, so you may get crappy coins, or extremely good coins - or both - with a slightly higher possibility that thy have been unsearched.

3. Flea markets - most want to dump what they have, and many have no idea what they have, especially if they sell a mix of merchandise.
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John1's Avatar
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 Posted 04/02/2014  12:26 pm  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
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Finn235's Avatar
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 Posted 04/02/2014  12:28 pm  Show Profile   Bookmark this reply Add Finn235 to your friends list Get a Link to this Reply
It is absolutely, 100% down to luck. You just have to be in the right place when you stumble across a roll that has been sitting unopened for decades. A few examples:

- I once got a box of CWR nickels from the bank that had a mix of brand new and "old" looking wrappers. The "old" wrappers each had multiple BU 2012 nickels. Some of the "new" wrappers turned out to be a collection dump: 5 solid rolls of circulated 1938-1962. Clearly, you can never make assumptions about the external appearance of a roll.

- My wife's grandmother passed away a couple years ago, and left her coin collection to each of her grandchildren. We got a roll of quarters from a local credit union, circa 1970s. Solid AU/BU clad bicentennial quarters.

- I read a story about a car collector who purchased a Model-T that had been sitting in a garage since the late 1940s, and found a roll of pennies under one of the seats. Turned out to be a time capsule of cents that were in circulation when the car was parked there.

- An older member on another forum once recalled going into a credit union back in the 70s and asked for a bag of cents from "way in the back". He said the bag had apparently been sitting there since the 1940s, and was roughly 10% Indian Head cents.

- I once put together 6 rolls of 1964 P&D nickels, carried them around in my pocket to "age" them, labeled them with a sharpie, and spent them. Just to see the world burn.

Since most modern banks do not follow the "last in, first out" inventory philosophy, the odds of reliably finding anything of note at a bank are abysmally poor. Likewise with rolled coins of any type--rolling coins is generally the final step before taking the coins to a store or bank. Your best bet would be to find an elderly person with a very large coin jar... those seem to turn up the best finds.
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smokeriderdon's Avatar
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 Posted 04/02/2014  7:58 pm  Show Profile   Bookmark this reply Add smokeriderdon to your friends list Get a Link to this Reply
As the others have said, it is simply going to be a matter of sheer luck. If you happen across a collection where the collector kept rolls intact from date os issue. I had 5 rolls of 1959 pennies in their original bank rolls from 1959. I opened one to see the coins, sold one and still have the other three.

Where-Do-They-Get-Them?

Where-Do-They-Get-Them?

Where-Do-They-Get-Them?

These are way cool rolls. In that collection were also rolls from the 60's and 70's as well. Those I opened. So they CAN be found. You just have to be lucky and b able to snag them when they pop up.
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Agrippa's Avatar
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663 Posts
 Posted 04/02/2014  8:24 pm  Show Profile   Bookmark this reply Add Agrippa to your friends list Get a Link to this Reply
Finn, your story about he six rolls of nickels is hilarious! Devious! ;-)

WOW! Look at those pennies! That's what I'm talking about! But how do you find a situation like that? I see on craigslist people put wanted ads out. "I'll buy your coins" kinda things. Does doing that work? Anyone here try that before?
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smokeriderdon's Avatar
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 Posted 04/02/2014  8:39 pm  Show Profile   Bookmark this reply Add smokeriderdon to your friends list Get a Link to this Reply

Quote:
"I'll buy your coins" kinda things. Does doing that work?


It could, but long odds.

I got these from a collection I was asked to sell on consignment. I got to go through and purchase what I wanted and sold the rest. These were on the I wanted list.
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vermontensium's Avatar
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 Posted 04/02/2014  8:53 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
All on ebay have been searched. Don't let those sellers fool you.
swcoin.ecrater.com
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Collector-Corner's Avatar
872 Posts
 Posted 04/02/2014  9:18 pm  Show Profile   Bookmark this reply Add Collector-Corner to your friends list Get a Link to this Reply
John1, I have tried cheap slabs and I was NOT impressed with the first purchase. I tried to buy a 1969-P 5,000 count bag from them, and AFTER they shipped it, told me it "may have acquired water damage". I let them have it when it got here, and they refunded my money and told me to keep the bag. I'm not in the mood to go through a bag that possibly has mold within it, so it sits in a sealed oversized zip lock until I have time to don some rubber gloves and quickly - I mean Really quickly search through it.

Others may have had way better luck.
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basebal21's Avatar
13014 Posts
 Posted 04/02/2014  10:33 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
While it isn't the wisest move to ship a water damaged bag, it's hard to be upset with a place that gives you a full refund and tells you to keep it.
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scotty11's Avatar
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1042 Posts
 Posted 04/02/2014  10:54 pm  Show Profile   Bookmark this reply Add scotty11 to your friends list Get a Link to this Reply
http://www.twist-n-crimp.com/#

For less than $20, anybody can sell unsearched, OBW rolls.

I found this link with a quick google search of "coin crimper"

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