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Replies: 8 / Views: 4,788 |
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Valued Member
United States
477 Posts |
I have two rolls of dollar coins with nf string and son inc with president name John Adams and another roll that has president name James Madison. Is it safe to say that these are solid rolls of James Madison coin and John Adams that haven't been circulated yet? I'm not sure what I should do with them if I should open them and search for errors because I know the series is famous for errors on edge lettering.
I also have two 2010 (one P and one D) dollar coins (not the president one) in united states mint wrapper. I believe these to be solid rolls. Should I open the roll and search for errors or hang onto them?
Also what is the recommendation when you go to the bank to get rolls and get handed solid box of uncirculated newly minted coins? Do you guys hang onto them for a few years and try to flip them later and sell them as uncirculated rolls never before opened or open them and search for errors?
Thanks for the help
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Pillar of the Community
United States
4809 Posts |
It depends on you. Will there be more ROI should you find one variety coin vs annual appreciation? Maybe worth looking through if it is more at that point.
Me: I'd want to search them. But my view is based on nickels and cents. I picked up 5 rolls of unc 1960s nickels a while back. I ended up cracking the OBWs to look and found a couple DDRs. Ended up being the right thing to do on my end.
Good luck!
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Valued Member
 United States
477 Posts |
Thanks for your response. Is it guaranteed that these types of nf string and son inc rolls with the presidents name printed on it a solid roll of uncirculated coinage and a solid roll of that particular president or could anybody create these rolls with the presidents names?
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Pillar of the Community
United States
4809 Posts |
I believe that's the case. Sounds like the expansion series for the 2004/2005 nickels. I see them for sale on ebay routinely and they are solid rolls.
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Valued Member
 United States
477 Posts |
Thanks for the feedback what's the best way to handle dollar coins? I know that dollar coins have writing on the edges so handling these coins might not be a good idea. Say I find an error on the lettering of the edges whats the best way to store these types of coins if I find an error? Is a cardboard flip ok?
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Pillar of the Community
United States
4809 Posts |
For coins with details on the edge, seems to me that you should wear soft cotton gloves and minimize the touching as best you can. Flips are fine to keep coins from most exposure to the elements, but anything significant should be encased via other means. But it really depends on what you find. Hopefully another CCF member with particular knowledge on dollars will chime in here to give you better advice. 
Edited by Rackster 03/19/2016 07:57 am
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Valued Member
 United States
477 Posts |
well it's like if you put coins in an air tite case its more protected but doesn't it move around in the case slightly?
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Pillar of the Community
United States
4809 Posts |
You may be right about the air-tites, but I suspect they will lock out the elements that flips cannot. I've not used their product, so I can't really speak to either the loose fit or if they are indeed, airtight. But others here have attested to some degree that they work well in locking in freshness.
Flips do have that sandwiching effect where it traps the coin. But gaps between layers might allow air/moisture to get to the coin. They sell adhesive backed flips I think, but adhesives will breakdown over time making me suspect on the overall protection in the long term. This all said, the more important/valuable finds might warrant a better solution than flips, but for many coins, the flips afford a reasonable amount of protection over the short term.
NOTE: I routinely cherrypick the LCS inventory and I see multiple flip types and ages used to house coins. I've seen many BU coins that didn't fair well, so this is why I stress that higher grade/value coins should be housed differently. Storage is important. Many coins have lost half their value/interest with all the spotting and corrosion from the elements being trapped/getting inside the flip. Over the years, the inventory is depreciating because of the storage method and the owner knows it. And you see the sad stories here. So do your due diligence and make an appropriate decision for your collection.
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Valued Member
United States
403 Posts |
I had bought two rolls of dollar coins at the credit union hoping to break them open and start collections of Susan Bs and the golden types. Unfortunately, they were rolls featuring Madison and WH Harrison so I had a problem similar to greenprint. There are many storage options but personally I don't have the space or disposable income to start collecting dollar rolls. They're offered on ebay for $35-$50 per roll so it seems a shame to break them open but that's what I plan to do. Hoarding behavior is largely to blame for why the dollar coins didn't catch on in the US. I'll cherrypick the highest grades and varieties if any, then release the remainder under the next manifestation of Project 100K! https://goccf.com/t/115851
Edited by NoPoMoCo 03/20/2016 7:02 pm
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Replies: 8 / Views: 4,788 |
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