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Avg Grade Of Mint Rolled Presidential Dollars

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Valued Member

United States
338 Posts
 Posted 10/11/2020  2:39 pm Show Profile   Bookmark this topic Add Hunter611 to your friends list Get a Link to this Message Number of Subscribers
For those of you who purchase the Presidential US Mint rolls, what is the common grade of those coins? I have no interest in those coins but have several rolls and ask because I see over on Numismedia that MS 62s run roughly $2/coin therefore a roll theoretically would be ~$50 minus say 20% or ~$40. If that's the case that would seem to be a pretty good return. Thanks.
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Earle42's Avatar
United States
10034 Posts
 Posted 10/11/2020  2:48 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
The 2.00 price at Numismedia does not take into account shipping, fees for Paypal, fees for online auctions etc. It is the price you would likely pay when at a show or in hand, or without considering all those things.
Check ebay SOLD auctions for a better picture of what to expect ~33.00 depending on the coin in the roll.
If you were thinking of sending them all off to be graded in hopes of getting a good one, the price to do so is way too high. Also, at least I have read numerous times on this forum over the years, it is not likely to find a coin better than MS63 in a bank roll. The coins, when made, fall into a bin after being struck and so most end up with marks.
How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
Costly TPG ineptitude and No FG Kennedy halves
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Valued Member
United States
338 Posts
 Posted 10/11/2020  3:34 pm  Show Profile   Bookmark this reply Add Hunter611 to your friends list Get a Link to this Reply
Thanks for the reply. After mulling it over and looking at ebay sales, time and cost, it seems like the most efficient option is to simply cash out at the bank.
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Conder101's Avatar
United States
17884 Posts
 Posted 10/12/2020  9:37 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
Yes that $2 figure you see is what I refer to as the "Dealer Nuisance Charge". Meaning the coin isn't really worth over face value put the dealer has costs to holder it, inventory it, and has to make some profit on it. So that is the fee he has to charge for the nuisance of handling it and making it available to collectors.
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United States
338 Posts
 Posted 10/13/2020  04:56 am  Show Profile   Bookmark this reply Add Hunter611 to your friends list Get a Link to this Reply
Thanks guys.
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Big-Kingdom's Avatar
United States
1667 Posts
 Posted 10/13/2020  06:48 am  Show Profile   Bookmark this reply Add Big-Kingdom to your friends list Get a Link to this Reply
Well, might as well go through them and pick the best example(s) to save before dumping the rest imho.
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jbuck's Avatar
United States
187702 Posts
 Posted 10/13/2020  09:45 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
So that is the fee he has to charge for the nuisance of handling it and making it available to collectors.
A fee I gladly pay to fill a hole without having to buy a whole roll to do it.
Valued Member
United States
338 Posts
 Posted 10/13/2020  10:45 am  Show Profile   Bookmark this reply Add Hunter611 to your friends list Get a Link to this Reply
Good point jbuck. In my case I was either given rolls or picked them up thinking my kid or I would have an interest, but it just isn't there, so now I need to do something with them. Maybe Offer on Craigslist fir a $5 premium.
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