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Buying "Unsearched" Lots

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Duma2015's Avatar
United States
26 Posts
 Posted 10/09/2016  10:47 pm Show Profile   Bookmark this topic Add Duma2015 to your friends list Get a Link to this Message Number of Subscribers
Aloha,

This may be a stupid question but I have noticed on multple occasions that it is easy to come by "unsearched" rolls or lots of coins. My question is, how do we know how honest these sellers are? Wouldnt this be an indication or red flag that the coins have actually already been searched?

Do any of you have expereince / suggestions with these situations?
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joeysanders627's Avatar
United States
408 Posts
 Posted 10/09/2016  10:55 pm  Show Profile   Bookmark this reply Add joeysanders627 to your friends list Get a Link to this Reply
Based on my experiences, I can tell you that someone searched through those lots before they hit the market. Don't fall for the marketing hype. You may come out a winner in some of them, but usually, the seller wins.

Don't get me wrong. There might be a few tokens, but most of the lots are going to be losers.
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BStrauss3's Avatar
United States
4587 Posts
 Posted 10/09/2016  11:12 pm  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
It's possible that there has been, at least once, a true unsearched lot sold on ebay. Even a blind squirrel occasionally finds a nut.

But if you assume they are all seeded with a few marginal semi-keys and mostly scams you will avoid being disappointed.
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T-BOP's Avatar
United States
18456 Posts
 Posted 10/10/2016  08:03 am  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
Any seller that lists unsearched rolls, jars, lots, bags are just trying to bait all new coming collectors . And if they say it wasn't searched by them ( the seller ),then rest assured it was searched by others . This kind of practice is one of e-bays worst scams next to trying to sell you counterfeit coins .
Buyer beware !
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nss-52's Avatar
United States
54280 Posts
 Posted 10/10/2016  08:33 am  Show Profile   Check nss-52's eBay Listings Bookmark this reply Add nss-52 to your friends list Get a Link to this Reply
See my ebay guide on the subject. I have a clear opinion of these.

http://www.ebay.com/gds/Unsearched-...99893/g.html
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moxking's Avatar
United States
17900 Posts
 Posted 10/10/2016  12:19 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
You are much more likely to find a silver quarter laying by your front door than you are in finding a truly unsearched lot.

The very worst are those that sell rolls with good coins on the ends that have nothing but junk in between.

Generally, sellers who employ this technique in selling should be avoided.
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Potsdam's Avatar
Germany
303 Posts
 Posted 10/10/2016  1:56 pm  Show Profile   Bookmark this reply Add Potsdam to your friends list Get a Link to this Reply
Unsearched lots in my experience are not labeled 'unsearched'. ;)

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Coinfrog's Avatar
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94367 Posts
 Posted 10/10/2016  4:46 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Well said.



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Duma2015's Avatar
United States
26 Posts
 Posted 10/10/2016  6:47 pm  Show Profile   Bookmark this reply Add Duma2015 to your friends list Get a Link to this Reply
Thanks for the input guys. I was certainly under the same impression and wouldnt have risked it but was curious to see what your thoughts were, since its such a common posting.

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Coinfrog's Avatar
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94367 Posts
 Posted 10/10/2016  7:27 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
For what it's worth, I think that "unsearched" lots have only been screened for better dates, and perhaps higher grades, but generally not for varieties.
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nss-52's Avatar
United States
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 Posted 10/10/2016  8:15 pm  Show Profile   Check nss-52's eBay Listings Bookmark this reply Add nss-52 to your friends list Get a Link to this Reply
Nobody knows what "unsearched" lots have been searched for.
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Finn235's Avatar
United States
6130 Posts
 Posted 10/10/2016  9:00 pm  Show Profile   Bookmark this reply Add Finn235 to your friends list Get a Link to this Reply
Know the seller, too.

Most sellers of coins on ebay are dealers. They know coins and know what they have, and will make sure they win in the long run. Lots from them can be fun, but they will almost never net you a valuable coin for cheap.

Once in a rare while, someone who is legitimately clueless will just list their inheritance on ebay to see what they can get for it. A genuine inheritance will either be organized as a collection, or will be a hoard of roughly similar value coins (e.g. they might have piles of Ikes or piles of Morgans, but most likely not Ikes and Morgans mixed in a bucket.) Nobody would buy a $1,000 coin and then mix it in with a bunch of 10 cent coins.
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JimNWLincoln's Avatar
United States
906 Posts
 Posted 10/10/2016  10:33 pm  Show Profile   Bookmark this reply Add JimNWLincoln to your friends list Get a Link to this Reply
If you bid only on the value of the end coins in a roll - you can test the waters. Of course the end coin could have a bad reverse or be counterfeit.

If you want the experience & "thrill" of an buying/searching through an "unsearched Lincoln Cent Wheat roll", I could put together some rolls for you - comparable to some that I have bought over time that included a few cull Indian Head cents, a mix of common 1909-1940 cents, an au/bu steel cent & a few bu 50's cents maybe worth $8 at best.
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Duma2015's Avatar
United States
26 Posts
 Posted 10/11/2016  6:16 pm  Show Profile   Bookmark this reply Add Duma2015 to your friends list Get a Link to this Reply

Quote:
I could put together some rolls for you - comparable to some that I have bought over time that included a few cull Indian Head cents, a mix of common 1909-1940 cents, an au/bu steel cent & a few bu 50's cents maybe worth $8 at best.


I guess this is somewhat of an example.... Just to play the rookie card for a second. How can the rolls be unsearched if you are putting them together? How do I know if I am really getting any value here as opposed to just getting rolls from banks? I'm sure you are offering as a coutesy so that I can enjoy the experience but in a typical transaction with someone who O do not know - my assumption would be to avoid these situations? And also, I may take you up on that offer..Since I dont have much of anything yet, itd br nice to have a decent and entertaining starting point.

Something that would be amazing is a roll of a certain date lincoln put together with only 1-2 variety coins in the mix. It would be a great challenge and learning method to pick out the varieties or errors.

Anyone know of a seller/collector willing to do this?
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jpsned's Avatar
United States
2200 Posts
 Posted 10/11/2016  11:13 pm  Show Profile   Bookmark this reply Add jpsned to your friends list Get a Link to this Reply
Look at it this way: How do they know what's in the lot if it's unsearched?

BTW, this phony term was in use when I began collecting back in the early 1970s, way before ebay was around. It was rife in classified ads in Numismatic News as well as all the coin magazines.
Edited by jpsned
10/11/2016 11:14 pm
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Duma2015's Avatar
United States
26 Posts
 Posted 10/12/2016  12:16 am  Show Profile   Bookmark this reply Add Duma2015 to your friends list Get a Link to this Reply

Quote:
BTW, this phony term was in use when I began collecting back in the early 1970s, way before ebay was around.


That is really interesting! I guess it doesn't suprise me to much. Where I get confused is from the collectors who are actually purchasing these lots. I mean, isn't it common sense? But yet it seems to be a trap that many continue to fall into.
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