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It May Not Have Been What Was Intended...

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Meraxes's Avatar
United States
62 Posts
 Posted 02/27/2018  11:22 pm Show Profile   Bookmark this topic Add Meraxes to your friends list Get a Link to this Message Number of Subscribers
...but it looks like the mint has released some 2017 half dollars into the wild. Just opened a Loomis sealed box to see 50 solid rolls of 2017Ds staring back at me. After opening the ones with double reverse enders, I wouldn't consider many of them to be of the BU variety. Probably most of them are in the MS60-64 range.

Do any of you fine folks have any experience selling NIFCs, particularly in bulk? I see them on ebay for about $20 a roll, which comes out to about $15 after shipping and fees. That would be great if I could sell them all at once, but I can't really afford to have that amount of money tied up for very long right now...

Any thoughts?
Edited by Meraxes
02/27/2018 11:24 pm
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Tootallious's Avatar
United States
1559 Posts
 Posted 02/27/2018  11:44 pm  Show Profile   Bookmark this reply Add Tootallious to your friends list Get a Link to this Reply
Wow, that's very interesting indeed! I beleive that the reverse of the 2017 Kennedy half dollar's were minted with the reverse of the original 1964 reverse and also in a business or circulation strike but not intended for circulation! As far as selling them, I have never sold any of my coins so I cannot give you advice on doing so. Be patient as I'm sure there are folks here the will be able to point you in the right direction!
Nice score by the way I have never heard of that happening before.

I will say of the obverse and reverse if possible as I'm sure everyone will wan to see
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Meraxes's Avatar
United States
62 Posts
 Posted 02/28/2018  12:08 am  Show Profile   Bookmark this reply Add Meraxes to your friends list Get a Link to this Reply
This is about as good as I can get on my camera phone.

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spru's Avatar
United States
12477 Posts
 Posted 02/28/2018  12:31 am  Show Profile   Check spru's eBay Listings Bookmark this reply Add spru to your friends list Get a Link to this Reply
I suspect that it was not a Mint mixup, but a dealer who bought in bulk looking for high grades and released the "culls" back into circulation in one fell swoop.

Still, it's an above average score for you at face value.

Edit: get some boxes about the same time next year and see if there are solid 2018 rolls.
In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
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Edited by spru
02/28/2018 12:33 am
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Meraxes's Avatar
United States
62 Posts
 Posted 02/28/2018  12:52 am  Show Profile   Bookmark this reply Add Meraxes to your friends list Get a Link to this Reply
Yeah, that's possible. Someone suggested to me that the mint released them due to low sales to collectors, which would make sense too.
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fistfulladirt's Avatar
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4333 Posts
 Posted 02/28/2018  05:50 am  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply
These coins have not come directly from the mint of course, but re-rolled by Loomis and distributed.

$5/roll profit on ebay? Why not.
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Edited by fistfulladirt
02/28/2018 05:53 am
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jbuck's Avatar
United States
188770 Posts
 Posted 02/28/2018  08:54 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
I suspect that it was not a Mint mixup, but a dealer who bought in bulk looking for high grades and released the "culls" back into circulation in one fell swoop.
I agree. Dealer bought a bag, kept the gems, dumped the rest. Profit on the gems more than make up the premium paid for the dumped half dollars.
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moxking's Avatar
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17900 Posts
 Posted 02/28/2018  12:14 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
with that
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Meraxes's Avatar
United States
62 Posts
 Posted 02/28/2018  1:02 pm  Show Profile   Bookmark this reply Add Meraxes to your friends list Get a Link to this Reply
Yeah, ebay is probably my best bet. I listed them in 1, 2, and 4 roll quantities. Posted a listing on Craigslist too, for the heck of it.

I have one other question though. Is there any value to keeping them in the Loomis rolls? I've had one potential buyer remark that they're concerned they may not be solid 2017Ds, so I'm wondering if I'm better off opening them all and using plastic tubes instead. That would also allow me to scrutinize them all for the small chance at a gem or error.
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jbuck's Avatar
United States
188770 Posts
 Posted 02/28/2018  2:40 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Maybe, but that is additional time and expense on your part. You would be well justified to raise the asking price.
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