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Replies: 29 / Views: 3,889 |
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New Member
United States
26 Posts |
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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Valued Member
United States
408 Posts |
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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Pillar of the Community
 United States
4587 Posts |
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.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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Rest in Peace
United States
18456 Posts |
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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Moderator
 United States
54280 Posts |
Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here)
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Rest in Peace
United States
17900 Posts |
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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Valued Member
Germany
303 Posts |
Unsearched lots in my experience are not labeled 'unsearched'. ;)
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Bedrock of the Community
United States
94367 Posts |
Well said.   to the CCF!
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New Member
 United States
26 Posts |
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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Bedrock of the Community
United States
94367 Posts |
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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Moderator
 United States
54280 Posts |
Nobody knows what "unsearched" lots have been searched for.
Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here)
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Pillar of the Community
United States
6130 Posts |
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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Pillar of the Community
United States
906 Posts |
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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New Member
 United States
26 Posts |
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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Pillar of the Community
United States
2200 Posts |
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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New Member
 United States
26 Posts |
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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Replies: 29 / Views: 3,889 |