I don't trust those dealers who sell OBWrolls with teaser coins on the ends (IHP, 1909, dimes), but I'm not sure what deal is with these shorts that are described as "teens & earlier". Has anyone here bought one of these or hear about the actual contents?
If people will just read the description for these type of listings, they will get clues to warn them about what's really inside.
In this one:
1) If the coins are unsearched, then how can the seller truthfully state that the 1/2 roll being sold "Contains 1909-1919 coins", "1919 and prior", or that any particular coin is "usually in these rolls"? 2) If the coins are unsearched, how can the seller truthfully state that the 1/2 roll being sold will contain coins with mint marks but that they will usually be on common dates or on the end coins? 3) If the coins are unsearched, how can the seller truthfully state ANYTHING about the condition of the coins inside the 1/2 roll being sold? 4) Finally, the seller reveals "These rolls were not created in the teens", yet still is selling these as if they were "unsearched coins".
Additional hints that you may be dissatisfied:
1) Seller claims they will not accept opened rolls (cute trick covering them with wax). 2) Seller claims they will not pay for return shipping unless you let the seller know within 12 hours of receiving. 3) Seller claims buyer will have to pay return shipping, and a 20% restocking fee to cover original shipping. 4) Seller states "purchase is at your risk". 5) Feedback comments reveal some customers were dissatisfied.
Finally, only an idiot would pay $1 per coin for basically UNKNOWN, low grade contents.
This type listing is one of my pet peeves, so see my ebay guide on Unsearched coins.
Yeah, that's pretty much my take on these, too. I'm still looking for that one (or group) buyer who has been pleasantly surprised to find a key or semi-key or even do better than break even. I'll keep looking. How about a title like, "Please post positive results from OBW rolls" ? Not today, though.
This is an example of what a well orchestrated scam produces. Rolls shown have been made from stock available. It's just a matter of finding the proper font & crank-up the printer. While the wax gives a sense of "protection", it also helps to hide & secure the glue seam, which wouldn't last a hundred years. I have OBW from the '60s that have come apart.
Went back and checked feedback on a Seller that claims he has some 10,000 rolls and will let a few go each week ..... Anyways after a twenty minute check of buyers of his rolls they overwhelming liked their deal but none said they found anything of value ......
So I'm thinking to myself, ok 15-d and 16-d cents in VG-Fine plus a few like maybe a 20-s and even a 31-d, 33-d and the rest are really common like the 1919-p and 1921-p and then toss in a 1909-P VDB XF-AU and sell the roll with the VDB and a semi-key at other end and get $50 - $75 or more for the junk and most seem happy, go figure .....
If the price of the roll gets bid up too high, just slide in a few nicer coins so as to keep the Buyer happy and not post negative comments and you should be able to sell for the next X Years until your 10,000 rolls are gone, really, 10,000 rolls?
The rolls will suck you dry about 10-20% of your money on each purchase .... Lotto at a faster rate, close to 40% of your money but at least with the lotto you have a small chance of coming up big but in the case of the rolls, zero to none coming up big!
So I ended up buying one of these just to take a personal look. Won't be buying another, shows how it's a gimmick, but not a scam because of the description.
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Seller did not send because it was a mistake. Normally I'd let it go but since it's clearly a scam I'm tempted to neg them. Might help make others think twice about buying from them. Thoughts?
I emailed a guy a few years ago in regards to some "unsearched" cent rolls that the listing stated that the rolls contained certain coins and mint marks. The person stated that he sold several rolls and that he was going on what the auction winners were telling him as to what they found in the rolls. I think when they state the rolls are unsearched by the seller, they are not saying they weren't searched by someone else.
Some people have fallen for the teaser coin on the end of the rolls, I'm sure there is the occasional ooops on the end of the roll but, when a seller has several rolls with IHC, Mercs, Rosies, or any other coin and the seller lists that someone that had purchased from him before found an 09 s vdb or a 1877 IHC. If there was a possibility of those coins in a roll I wouldn't list and sell them on any auction site.
Quote: If there was a possibility of those coins in a roll I wouldn't list and sell them on any auction site.
Why not/ You'd probably get more from the dreamers buying up all the common stuff at jacked up prices than you would searching and selling the one or two key coins you found. If you can get suckers to pay $1 per coin for common wheats, you sell 18 rolls you've paid for that key.
As I said in January, complete waste of money. You can buy all of these coins for dirt cheap at any coin shop.....which probably exactly what the seller did....buy, wrap and dip in wax.
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Posted 01/17/2016 10:44 am
