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Replies: 12 / Views: 1,980 |
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Pillar of the Community
United States
1414 Posts |
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Rest in Peace
United States
17900 Posts |
It will be interesting to see what any Morgan experts notice. I noticed that the toning lines do not match the coins on the peripheries, neither on the obverse or reverse. If these faces had been showing for so many decades since they were rewrapped, it is likely that more tone, at least around the edges, would be seen.
It's impossible to tell from his feedback (I don't speak German) why he received the three negatives, all for really insignificant dollar amount sales.
It's also the only thing he has listed for sale right now.
I guess my own rule of thumb is that if I don't get greedy, the greedy won't get me. Or, more commonly, if it's too good to be true...
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Pillar of the Community
 United States
1414 Posts |
Yeah, I just happened to see it browsing the new listings, I'm not interested in buying it but it stuck out to me....
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Pillar of the Community
United States
6478 Posts |
Those Morgans would have toned if they were in a roll. In addition, morgans were never rolled, they were always bagged. Run away.
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Pillar of the Community
United States
7375 Posts |
We see these "put together" rolls from time to time. As Judy Judy says, "Stupidity is no defense." Probably a roll of Morgans, with one CC on the end, and that's about it. Seller says, "Roll was not opened by me."  hilarious .....yeah, not since he made it. 
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Pillar of the Community
 United States
1414 Posts |
Should we report the listing or is he/she breaking any bay rules?
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Bedrock of the Community
United States
94367 Posts |
"Seller does not accept returns" is enough for me to take a pass. 
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Moderator
 United States
23522 Posts |
He's not breaking any rules, I don't think. Of course, when you know those paper rolls weren't invented until 1921, and they can be found new at retail today, the term "original" takes on a different meaning.... https://goccf.com/t/144144
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Rest in Peace
United States
18456 Posts |
The rough edges of the paper wrapper is done with a brush or wire brush simulating it was done from being so old. don't fall for it. just another put together roll of common dates and grades.
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Pillar of the Community
United States
4932 Posts |
I saw someone's feedback for a roll they paid like $4K for. It had a 85CC DMPL on both sides, and I guess the guy wrote in the feedback that the enders would have made up for half of what he paid for, and the rest of the coins were junky 21's
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Valued Member
United States
68 Posts |
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Bedrock of the Community
United States
12057 Posts |
ebay is pretty much the worst possible place to buy rolls of anything except circulated coins (by year or random), junk silver, or BU rolls of specific dates. Even then, you've got to assume that the coins have been picked through/searched and not expect to find anything unusual or more valuable than the rest of the coins. Avoid anything claiming to be "unsearched", especially if it's listed with the words "estate" or "hoard". Most of the roll sellers are selling rolls of cull/filler/cleaned/junk coins with a couple of nicer coins on the ends, or with something completely unrelated to the roll ( Barber dime on the end of a Wheat cent roll, etc.) There WERE Morgan dollar rolls, but not until the 1950s and 1960s when dealers would put together BU date and MM rolls from Government coin bags for sale after the Government opened the treasury vaults. When the coins were current, rolls did not exist as such. Some of the dealer rolls from that era might still be around but are more than likely in collections and rarely, if ever, listed for sale. A tremendous quantity of the survivors were broken out and melted in the late 70s-early 80s up until the crash.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis
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Pillar of the Community
United States
9792 Posts |
There are a few dealers that may still have rolls that are from the 1920's as Super Dave said, they didn't roll coins back when these were released, they came in bags of $1000. Leon Henderson of Silvertowne, comes to mind as does Larry Shapiro, John Highfill, among a few that "might" still have a few old rolls, but believe me they have been oped and looked at. No dealer in his right mind is not going to want to know what he or she is selling before asking a price, a dealer isn't in the business to give away money. If the roll was all BU 1885-CC and a few PL's or DMPLs mixed in, it would be worth it's weight in gold - literally! I got to buy dollars from the Continental Bank hoard (didn't find out for a couple of years where they came from) but the dealers back then didn't even have those rolled up, just in 2x2 flips in double row boxes, by price. There were some rolls available but they were plastic tubes put together as the low end coins from the hoard. To give you an idea just how many silver dollars they were slowly releasing into the dealers hands back in the early 1980's it was 1.5 million silver dollars give or take a few thousand. https://en.wikipedia.org/wiki/Conti...dollar_hoardAnd from Q. David Bowers Silver Dollar Encyclopedia two volume set: http://www.pcgs.com/books/silver-do...r14-028.aspxbe sure to click next page and read about how they dispersed them unknown into the collecting community with no real issues - all coins being rapidly absorbed and not dropping the price. When I first saw and had a chance to buy I remember the wholesale dealer I knew had 40 double row boxes of all nice unc. Morgan's, I'd say they ranged in condition from MS61 to MS66+ many of them were PL and DMPL. (Over time he probably had 4 to 5 thousand). I bought a few very choice 1883-O, 1884-O, DMPLs I'd guess they were 66+ or 67 by today's standards, and a dozen nice PL CC and S dollars. There is no way would any dealer not want to look into the rolls being sold here and miss out on coins like that being stuck in it. When I put those dollars out in my trays at the local monthly coin show, I had priced them at $425.00 each, now normal PL's sold for around $40.00 back then maybe $50 OR $75 in 1982 for really choice coins, people thought I was nuts, after the first day at the show, I thought I was nuts, until a gentleman came by took a very close look at them and offered me a trade of a Saint Gaudens (about MS63, we didn't really use numerical grades then it was Unc., Brilliant Unc., Choice Unc and Superb Unc.) for every two of my choice DMPL dollars I had. I recall the $20 Saints were worth around $700-800, so a very fair trade. I got a few Saints for my inventory, my first real good looking gold. I think I ended up with 6 or 8 Saints in the deal. If I could go back I would love to have held onto a few of those DMPL New Orleans dollars, I've never seen any that surpass them at a reasonable price. 
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440
Edited by westcoin 08/04/2015 04:55 am
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Replies: 12 / Views: 1,980 |
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