| Author |
Replies: 19 / Views: 9,793 |
|
Valued Member
United States
245 Posts |
I just saw last night on ebay rolls of Morgan dollars that appear to be original, some with the bank receipt. Several were bid well into the 2-3k range with time still to go. Several have CC enders, mint coins and even a PL looking ender. I was tempted to fire on it but didnt. Has anyone here bought rolls of unopened Morgans on ebay? I can't believe after 100+ years they haven't been opened. Thoughts/opinions/suggestions? The CC ender was gorgeous, would the entire roll be CC, I wonder.
|
|
|
|
Valued Member
United States
243 Posts |
I don't know about those. I think all unsearched rolls have been searched before, just not by the person selling them necessarily.
|
|
Pillar of the Community
United States
1295 Posts |
Something to keep in mind is that Morgan dollars never were rolled; they came from the mint in canvas bags. One hundred percent of the rolls you see on ebay have been assembled, most likely by the seller. Anyone here will advise you to never fall into the trap of the "rare Morgan dollar roll" scam; there is no guarantee you will get what you think you will, and you most likely will not. You are better off buying nice Morgans at a coin show or shop, and examine them individually, in hand.
Edited by Rollsearcher37 11/06/2015 11:08 am
|
|
Pillar of the Community
United States
4469 Posts |
|
|
Pillar of the Community
United States
7390 Posts |
Agreed. Paper Rolla weren't even around until the late 1920's I believe
Stay away. The receipt sounds alluring but it was most likely manufacturered. Got a link?
|
|
Pillar of the Community
United States
3343 Posts |
Don't. Do. It. https://goccf.com/t/190654&whichpage=2Don't even think about doing it. There used to be a youtube video of opening one of these ebay "bank" rolls. I remember the guy's words "Come on, be a cc" as he turned over an 1885, and of course it wasn't. Even if it were a real bank roll, what would be the chances of a cc? The mint held back huge numbers, over 50% of the issue for some dates. For me, seeing a cc on the end of a roll is indisputable proof that the roll is not original.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq 11/06/2015 12:43 pm
|
|
Pillar of the Community
United States
6130 Posts |
When Morgans were put up in storage, it was all in bags. Someone built the roll you are considering buying. Who would put a valuable Morgan in the middle of a roll? The answer is nobody. Best case, this roll is full of BU common Morgans. Worst case, it's full of culls. Or maybe even Ike dollars.
|
|
Pillar of the Community
United States
1450 Posts |
Investors are nervous about the stock market so these guys trot out the dog and pony show about getting rich with rare coins etc. How many here have gotten rich with collecting, trading or investing in coins? Even if you do make a considerable profit on coins from what I can tell you need to hold onto them for 20 years and then it is a gamble just like all investments. When someone is selling bags or rolls of a very collectable coin I would be suspicious. Many, many coin collectors as well as speculators buy CC Morgans.
|
|
Pillar of the Community
United States
6370 Posts |
Here's the youtube video: https://goccf.com/t/193234#1789683Edit: I guess they pulled the video from the public eye and removed/edited their feedback. No one can watch it anymore.
Edited by TypeCoin971793 11/06/2015 3:54 pm
|
|
Pillar of the Community
United States
6370 Posts |
These rolls are from the same guy who sells the infamous jars of coins.
|
|
Valued Member
United States
403 Posts |
I have been buying, selling and trading Morgan dollars for 30 years. I have seen two original bank rolls of Morgans that pre-date the treasury releases of the 1950's and 1960's. They looked nothing like the rolls you see on ebay today. Those rolls are almost certainly fake.
|
|
Bedrock of the Community
United States
12057 Posts |
The rolls usually have one or two teaser coins for the ends, the rest is 1921 or other common dates in wildly varying conditions, often with problems. Morgans were bagged, true, but they were available in rolls created by dealers well into the 50s and 60s. Dealers would break bags down and resell as date rolls of the same date/MM. Almost all of those have long since been broken up and dispersed, I cannot honestly say that in 20+ years of collecting I have ever seen one of those original dealer rolls. Buying rolls of anything on ebay is a bad idea unless it's single-date, BU rolls with explicitly stated dates and MM's and good photos. These idiot scammers famous for the Wheat cent "unsearched" fiasco are now putting everything from ancient coins to silver bars as end pieces on their "unsearched" rolls. What a joke.
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
|
|
Valued Member
 United States
245 Posts |
Good grief, I'm glad I didn't fire on that last night. This deal seems like scammer city and people are paying big money.
There's some gorgeous CC PL coins on the ends that really sucker you in on the scam.
|
|
Pillar of the Community
United States
3343 Posts |
There's an art to making these rolls. Every roll I've ever made has the paper folded in on the ends, but that won't do for this mischief. You need an end crimper so that you can show the coin you're pimping. This will cost you under $10 on ebay. The next step is to get coin wrappers that look old. If you don't want to take the time to give them the mud puddle treatment yourself, you can get them on the no-no site. I've seen the highly desirable Bullion and Exchange Bank of Carson City wrappers offered there, along with plenty of very inexpensive counterfeit dollars to make up your roll. These rolls are sold with no returns for a very good reason, and it's not the one the seller gives you. Any fraud is between you and Paypal to negotiate.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq 11/07/2015 1:24 pm
|
|
New Member
United States
12 Posts |
Who's to say that an old collector didn't put these away several years ago after being rolled and recently passed away? The question is, how do you know if a roll is a fake and recently put together, or one that is indeed old. As a mentioned in a previous post, I've read a lot of feedback from customers on ebay who have purchased these rolls with great results. One roll produced 3 nice CC coins! So, how does one determine if a roll is old or simply put together by a fraud? In my mind, a sellers feedback on ebay will tell a lot of the story. However, I'm new to this so if I'm way off somebody please put me in my place. I have a roll on the way now and I definitely want to confirm it's real before it's too late and I can't return it. Thanks!
|
|
Pillar of the Community
United States
1005 Posts |
Depends what you mean by "real". It could very well likely contain all genuine Morgan dollars, yes. But if you're asking if your roll of Morgan dollars came from a bank, then no it certainly did not.
|
| |
Replies: 19 / Views: 9,793 |