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Replies: 43 / Views: 5,459 |
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Pillar of the Community
United States
3343 Posts |
These rolls have been offered on ebay for the last 3 years at least. Here's someone soliciting to get 100 fresh paper rolls printed with Carson City State Trust Bank and filled with copy coins. https://www.ioffer.com/w/1640062aliexpress was selling them for $15 each. Reselling them on ebay for over $2000 is pretty sharp business, even if you had to crack a GSA holder to get one mint cc for an end coin. I've been burned on bad coins before. I'm learning as I go on this one. The more I find out, the less I'm willing to suspend my mistrust.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq 10/22/2014 7:15 pm
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Pillar of the Community
United States
4989 Posts |
I think the buyers of these rolls know what is going on. It is very similar to people who buy "unsearched wheats". A prudent seller of these rolls will make a few of them profitable and stock the lower value ones with enough good coins to make buyers think they got a decent deal. I suspect these rolls contain good coins but are set up to average 40% or so margins for the seller. Not too different from local dealers who mark up coins 2x or 3x over CDN value.
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Pillar of the Community
United States
3343 Posts |
Sorry fenton, but when I see the exact same print job on $15 rolls made in China I think the margin is more like 1000%.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Pillar of the Community
United States
595 Posts |
Quote:These rolls have been offered on ebay for the last 3 years at least. Here's someone soliciting to get 100 fresh paper rolls printed with Carson City State Trust Bank and filled with copy coins Interestingly, compare the paper that the roll of coins is sitting on in the referenced ebay listing and the iOffer listing above. The papers appear to be different issues of some periodic financial prognosis. The portions of the graph visible in both show the same format, shading on the legend, etc. I am seriously wondering if the same person is buying off iOffer and selling on ebay. This would clearly be an issue of fraud and knowingly selling fake coins is certainly something that the Secret Service is interested in. I really wish that there was an easy way to take these guys out....
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Pillar of the Community
United States
4692 Posts |
Ioffer.com one place to get some nice Rolex watches for under $80. I am sure they are real.
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Pillar of the Community
 United States
7375 Posts |
Just noticed seller has basically no feedback as a seller. Only one sale over a year ago for a $6 card to a now non-registered user. No red flags here 
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Pillar of the Community
United States
7626 Posts |
It is what it Is. If someone wants to blow 3 or 4 thousand on two common "CC"s and 18 other common BU dollars then more power to them.
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Pillar of the Community
United States
593 Posts |
$3650. with 54 bids ! Now what was it that PT Barnum said
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Rest in Peace
United States
10625 Posts |
The really sad part aside form all mentioned already is the end of roll coins (the only two CC coins) will have roll machine damage. 
Edited by dave700x 10/23/2014 1:40 pm
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Pillar of the Community
United States
3343 Posts |
I'm starting to wonder whether the cc end coin is a fake. The eagle's central breast feathers don't show the distinctive chevroning. Even if it's real I don't like weak strikes, especially at the center of the coin. I've got common AU's that show better than this. It might grade high for shininess but not for being attractive.
I'd be disappointed if all the coins in the roll were underweight Chinese copies and I couldn't return it. You could probably weigh the unwrapped roll and get a good idea. 530-540 grams would be about right for 20 real silver dollars and the wrapper. Chinese copies would be 400-450 grams.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq 10/23/2014 1:42 pm
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Pillar of the Community
United States
1590 Posts |
I have no idea if this auction is legitimate or not. I haven't looked at it. The one thing I would point out is for those who say there could never be Rolls of CC dollars. And that is for you to ask any long time dealer about that. The answer would be "yes". Dollars circulated in the West for decades. Bags were opened; Dollars rolled and then distributed. Are these rolls unlikely, in the extreme, to be legit? You betcha! Impossible? No. Would I buy something like this. Again; "No". However; having had a career in Law enforcement, I never jump on the "their guilty" bandwagon; without proof. No evidence mind you, but proof. As for ebay's return policy. I think it a safe bet that ebay will refund the buyers money for just about any reason. Even when it is buyer fraud.There are honest reasons for having a refund policy for not accepting returns on opened merchandise. Especially in the Collectible arena.
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Pillar of the Community
United States
3343 Posts |
The question in my mind is more whether I would pay melt for it. I think there's too much risk here to take that chance. ebay is pretty fussy about giving refunds in my experience. I got one but only with difficulty, on a $50 insured shipment that never arrived. The seller here doesn't even bother to offer insured shipment, and getting $4000 out of ebay would take a lot of time and effort. Not to mention absolute proof. Metallurgy, TPG, the whole nine yards before they parted with their money.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq 10/23/2014 1:57 pm
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Pillar of the Community
United States
4883 Posts |
Sold! Hammer fell at $5,200.
Do the math (which the bidders ought to have done beforehand). That's $260 per coin. Now if only 15 are common AU/BU's (unlikely) generously valued at $50 apiece, the remainder cost this buyer $890 each, a lot even if all the remaining 5 are top quality CC's or DMPL's. Unless there's an 1893-S or 1889-CC in there (and that'd be akin to winning the lottery), I don't see how this possibly works out for the purchaser.
Colligo ergo sum
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Moderator
 United States
23522 Posts |
It doesn't. Not everybody knows what to do with their money.
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Pillar of the Community
United States
1590 Posts |
AMEN, SsuperDave! Sometimes when I have something that is just not selling; I raise my initial price. I had an item that did not sell in 6 months at $19.99. When I posted it at $29.99 I ended up having a bidding war that netted me almost $50. So go figure! Thq; I'm a long time ebay seller. In my experience ebay always sides with the buyer and gives them a refund...muy pronto! I had a buyer win an auction for an NGC PR66 1955 Roosevelt dime. The buyer declared it "not as advertised" and ebay promptly took the money out of my account. About a month later I got my dime back. Or; well, somebodies dime. Because what I got back was an empty cracked out holder and an AU CIRC dime. At least it was a 55. ebay's response? "How do we know that's what you got. We weren't there when you opened the package".
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Replies: 43 / Views: 5,459 |