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 Replies: 9 / Views: 2,652 |
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New Member
United States
16 Posts |
I have a comment and a question. I have been casually collecting coins (on and off) for about 25 years and I have a amassed a pretty nice collection. I have to admit that I enjoy every aspect of it! lol. Over the past year or so, I have picked up a few rolls on ebay that are claiming to be "unsearched" and even though I never believe it when someone says they are selling "unsearched" coins, it can still be a little thrilling to buy a roll just to see what's inside. My question is for the veteran collectors.....There are dozens of sellers on ebay selling "unsearched" wheat rolls for Buy it Now $9.95 and then over the past few months, I have seen a lady (sexymama07 ) who is consistently selling roll after roll of "unsearched wheats" for as high as $200 a roll. She never sells a roll for less than $50 a roll but Ive seen the bids as high as $200. So ......what is wrong with this picture? Why are most rolls selling for $10 while someone else is selling them for $200. Is this common on ebay? Is that a scam? I would never pay that much for a roll of pennies. Just sayin.. Just curious. Thanks |
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Bedrock of the Community
United States
10034 Posts |
Sad to say, but the general consensus among the forum is that most, if not all, "unsearched" rolls on ebay are a scam. Who knows why people will spend a 50.00 and up on such things? Shill bidders maybe? Even the "bank sealed" rolls can be faked with a tool made for crimping the end of rolls to make them look like they are from a bank. And it sure seems "funny" the amazing number of rolls of "unsearched" cons on ebay better coins on the end - even of the wrong type - in the rolls to act as an incentive to buyers. Rtaher than buy unsearched - if you have a local coin shop, ask to hunt through his silver melt pile or see if he has some rolls of wheat cents etc you could look through. It won't be as expensive and you never know what you will find. Dealers, a lot of the time, do not have the time to go through everything, yet sell it to get the volume out of the shop. |
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Pillar of the Community
Canada
5239 Posts |
I would love to know myself. Perhaps some shill bidding, perhaps a few rolls were "salted" and the victims come back for more.
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New Member
 United States
16 Posts |
Thanks Earle42. I have never heard of "shill bidding"? I am in Tampa Bay and I believe there are a few coin dealers in the area and I will check them out. Any insight on pawn shops when searching for coins or bars? We have pawn shops on every corner in some parts of town.
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Moderator
 Australia
16826 Posts |
There are, probably, a few genuine sellers of "unsearched rolls" on ebay, but they are sufficiently ignorant that they don't know they're supposed to be using the word "unsearched". To them, they're just "rolls of old coins". In other words, assume everyone using the word "unsearched" is lying. How, for example, do they know that a roll of pennies is a roll of "wheat pennies" if they didn't search through them and at least sort out the wheats from the memorials? And if you're going to sort them by type, then why not sort them by year, and fish out the rare date-mintmarks and the major easy-to-spot varieties while you're at it? What do they do, hire people with bad eyesight or force the people sorting the coins for them to wear blurry wrong-prescription glasses, to make sure nobody gets a good look at the coins while they're handling them? I kinda doubt it. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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New Member
United States
16 Posts |
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Pillar of the Community
United States
1543 Posts |
Quote:
In other words, assume everyone using the word "unsearched" is lying. I have sold rolls of Ikes that were unsearched and labeled as such, however people usually are happier with rolls I've gone through and removed the lower grade coins. |
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Bedrock of the Community
United States
10034 Posts |
Quote:
Any insight on pawn shops when searching for coins or bars? We have pawn shops on every corner in some parts of town. I have no insight on this as there are not a lot of pawn shops up North (never understood why not!). I would suspect you could just go in and tell them what you would like and see if they have anything like that. |
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Pillar of the Community
United States
4333 Posts |
Depends on what the definition of "is" is.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Moderator
United States
54280 Posts |
The seller has this story that the rolls came from an estate of a man that "decided to roll up his entire Indian head and Wheat cent collection". Then the seller says they opened some rolls and they list what were in those rolls. examples: "25 INDIANS 12 TEENS 8 TWENTIES 1 THIRTIES 1 FORTIES 3 FIFTIES 3 STEEL" "28 INDIAN 11 TEENS 6 TWENTIES 2 THIRTIES 2 FORTIES 1 FIFTIES 3 STEEL" Think for a moment, why would a collector put coins in a roll in these proportions EVERY time? This makes buyers expect that their roll will have the same proportion of coins. They are getting from $38 - $88 for these rolls, and I am not seeing the usual bad feedback when the coin rolls are mostly 40s and 50s. So, in my opinion, even though these rolls are hand put together by the seller, the buyers seem happy. ps. The seller does not claim that these rolls are "unsearched", just that they are "unopened by me". |
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Replies: 9 / Views: 2,652 |
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Posted 08/02/2020 5:45 pm
