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Bought One Of Those "Old Penny Roll With ___ On The End!"...

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cwb's Avatar
United States
3463 Posts
 Posted 06/16/2015  4:25 pm  Show Profile   Bookmark this reply Add cwb to your friends list Get a Link to this Reply
If it is the seller I think it is, he sells a ton of these rolls. Sometimes he even puts a Gold coin on one end or a 1909-S. Yes, I am confident he puts the rolls together, read his feedback.
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Coinfrog's Avatar
United States
94367 Posts
 Posted 06/16/2015  5:15 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Put-together is an understatement. How about "put together with 3 dud Indians and a lot of corroded LWC and some common junk".
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Earle42's Avatar
United States
10038 Posts
 Posted 06/16/2015  5:49 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
The money spent would go a lot further at a local coin shop. Go to one and ask if they have any unsearched rolls. And by "unsearched" it will likely mean the shop itself did not search them. I can get these - with this understanding - all day long at my local shop. The contents would likel;y be similar (minus the Indians which would not cost much either)
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Coinfrog's Avatar
United States
94367 Posts
 Posted 06/16/2015  6:13 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
I say this with respect, but I think that looking for hits in so-called unsearched rolls is a waste of time and energy, especially for those with a long-range interest in building a true collection. Spend your time reading, going to local shows, and working yous near-by bid-board if you have one.
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Garoyn's Avatar
United States
513 Posts
 Posted 06/16/2015  6:35 pm  Show Profile   Bookmark this reply Add Garoyn to your friends list Get a Link to this Reply

Quote:
That is called having the right attitude.


I couldn't agree more. "Value," "worth," "cost," and all that are not just based in financial terms.

I just bought a few pounds of world coins. All common, mostly 70's and later. I paid more than face value (I think--didn't run the currency converters--didn't care), and almost certainly more than they are "worth."

But I had a fun time identifying (some Asian language/dates, some Arabic language/dates, etc.), sorting, and examining. Got 70-80 different countries. Definitely had "value" to me above the coins' face value financially.
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tweak800's Avatar
United States
1249 Posts
 Posted 06/16/2015  8:01 pm  Show Profile   Bookmark this reply Add tweak800 to your friends list Get a Link to this Reply
Value is in the eye of the purchaser. I started my collection with "unsearched" rolls. I have a almost full book of IHC and my LWC are full except 1909 s vdb and 1922 no D. I have tons of varieties. Now I can also tell what rolls are actually original. Few and far between but there are some and you don't have to pay an arm and a leg like some people do. 5 -20 $ is an ok thing especially if you sell on ebay. You can sell a BU 50's wheat for 5 bucks ungraded and I usually get 2 or 3 a roll not to mention varieties and errors. Lots of lamination errors. Can't say the quality is always good. But at the same time I would buy a EF 1908s IHC on one end and a EF+ 1865 indian on the other for 60 bucks and I make sure before I buy to really look and grade the coins to the best I can. I easily got my money s worth. Just pick and choose your auctions carefully and spend time making the ones and waiting eventually there is a couple steals you will get. But let everyone look the other way makes it easier for me to get the process I want. So thank you naysayers
Edited by tweak800
06/16/2015 8:02 pm
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oih82w8's Avatar
United States
7840 Posts
 Posted 06/17/2015  06:44 am  Show Profile   Bookmark this reply Add oih82w8 to your friends list Get a Link to this Reply
Curious, what were the coins shown on the ends which made you put a bid on this...or was it a Buy It Now?

I would say that you got off light, but you received some coins that you have never seen before, so that in itself makes the lesson learned.
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Harkness's Avatar
United States
70 Posts
 Posted 06/17/2015  06:59 am  Show Profile   Bookmark this reply Add Harkness to your friends list Get a Link to this Reply
Repeating that I wasn't expecting anything from this roll of coins is a bigger waste of time and energy than anything. I repeat, I didn't think I'd get anything amazing. I did it out of curiosity. It was entertaining to me, I had more than $12 worth of fun with it. I didn't expect there to be anything super rare or valuable. I knew that it had been put together.


It said there was an IHC on the end, I'm not sure if it said what was on the other end. There wasn't really anything specific that made this particular roll the one I wanted to buy. I pretty much just went to auctions ending soonest and picked the one with the least amount of time left that was under $20.

If you are more interested in EXACTLY how much a coin is worth than having fun, I don't understand. It's a hobby. It's supposed to be fun, not work. What's a few extra dollars? I spend more on cigarettes every day than I wasted on this, and at least I got something out of it.
Edited by Harkness
06/17/2015 07:06 am
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trout1105's Avatar
Australia
7096 Posts
 Posted 06/17/2015  07:17 am  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply

Quote:
I am well aware that the coins that were in the roll were not worth the $12 I paid, but I feel that I got more than $12 in entertainment out of it so I am happy. I don't think I would have taken the time to search out and buy a steel cent or IHC in the near future, so finding a few in there was worth it to me. I had fun with it, and that matters more to me than if I paid a few extra dollars than I "should have". I've wasted much more money than that on worthless things.


$12 spent is worthwhile as long as you had fun
Heaps of collectors spend more than that on Gas getting boxes and still get skunked
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jbuck's Avatar
United States
188560 Posts
 Posted 06/17/2015  11:02 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Well done, Garoyn.


Quote:
If you are more interested in EXACTLY how much a coin is worth than having fun, I don't understand. It's a hobby. It's supposed to be fun, not work. What's a few extra dollars?
Agreed!


Quote:
I spend more on cigarettes every day than I wasted on this, and at least I got something out of it.
Now this is something about which I can give you a hard time. Imagine how many more coins you could buy!


Quote:
Heaps of collectors spend more than that on Gas getting boxes and still get skunked
Good one!

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Harkness's Avatar
United States
70 Posts
 Posted 06/17/2015  11:16 am  Show Profile   Bookmark this reply Add Harkness to your friends list Get a Link to this Reply
Ugh, I know. I manage a cigarette shop/cigar lounge so it's not exactly something I can get away from! Fortunately it seems none of the patrons are coin collectors, so it evens out. I end up getting silver once or twice a week from pocket change, and countless wheaties and S mint coins! its actually half of what got me into the hobby. Haha.
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jbuck's Avatar
United States
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