| Author |
 Replies: 30 / Views: 3,306 |
|
Pillar of the Community
United States
717 Posts |
Poll Question
So, about 6 years ago, my Father in Law passed away, and I sorted through his collection of coins for my Mother in Law. He had been throwing silver coins and wheats from his change into a jar, probably starting in the 60's. Silver prices were on the fall at the time, so I told her to wait for a rebound before selling the junk silver. I took it in this week, and got her $1200. In return, she gave me this roll of 1979 SBA Dollars. He had written on the roll that he bought it as a gift to himself on his 43th (sic) birthday.    The mint mark on the one coin I can see is Denver, so I assume the whole roll will be as well. I know they are worth about $1 each, unless I find a really nice one, so I am trying to decide what I should do. I think it's cool that he got them for his birthday, but I'm not real sentimental. Neither is my MIL, she said just cash them in. I haven't seen any $40 rolls, so that is pretty cool. I know some people spend way too much for an original unsearched bank roll, so ebay comes to mind. I also really want to see what condition these coins are in! So, let me know what you guys think I should do!
|
|
|
|
Pillar of the Community
United States
1590 Posts |
I buy these all the time at the bank and spend them.
having said that, if you are inclined and don't mind I would throw them in a drawer and let them sit for 20 to 30 years, if you are young enough.
I have/had rolls of cents I put away in the 60s and 70s that I recently sold for a nice little profit. I had about 10 dollars in face and made just shy of 100 dollars.
No one can predict future prices, but if you hold onto them and don't see a price rise...then hand them out as stocking stuffers to the grandkids in a few years.
|
|
Pillar of the Community
2145 Posts |
I have some 25$ rolls but have never seen a 40$ roll - is there a bank name on the wrapper?
EDIT: I'd try to open the roll real carefully and see what the coins inside look like.
Edited by Rothery
01/01/2021 8:07 pm
|
|
Bedrock of the Community
Australia
21786 Posts |
The very first coin in my collection is an 1826 silver Shilling of George 1V, in VF. Fairly common.
My father gave it to me, when I was 12.
That was 62 years ago.
He is long since gone, but the coin is still with me.
He also gave me his pride and joy: a 1970 Mercedes.
I regret selling it. It would have been a fabulous classic car to keep. I am still an active member of three classic car clubs.
|
|
Pillar of the Community
 United States
717 Posts |
The roll is printed with the name "Brandt, INC - Watertown, Wis. U.S.A." and has been stamped by a now defunct local bank, "Citizens Banking Company, Anderson, IN"
I am curious about this as well, as all I have seen are the $25 rolls.
|
|
Bedrock of the Community
Australia
21786 Posts |
Interesting note by gymcoachdon.
The wrapper could be a collectible item in it's own right.
|
|
Bedrock of the Community
United States
10284 Posts |
I voted other ~ I'd sell them but not on ebay. After fees and shipping, ( which you indirectly pay somewhat whether free or flat rate in final bid ) I kinda doubt you'll get $40.00 out of it. I am sure you have much fonder memories of Dad than a roll of SBA's. Go to a coin shop and pay the dealer with the roll and pick out a nice coin for yourself. Just a thought. |
|
Pillar of the Community
United States
1427 Posts |
You do what you feel right to do.
|
|
Bedrock of the Community
 United States
12477 Posts |
I voted to sell on ebay. I'm sure someone would be willing to pay a premium for it. You can factor in the fees/shipping with your asking price to make sure you get a profit. As far as grading, it looks like they would have to be at least MS-67 to be worth submitting. In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
|
|
Bedrock of the Community
United States
17884 Posts |
When they SBA,s first came out back in 1979 they did come in $40 rolls. There were a few other sizes tried befor they settled on the now standard $25, ($20, $25, $40, and even $50). The first roll I got on the day they came out was a $40 roll. |
|
Pillar of the Community
United States
2333 Posts |
Piggy backing on what TNG suggested...
From day one when I got married...I used to call my Father In Law (FIL...like Phil)...couldn't call him Dad...cuz I already had one...
Anyhow...
On YOUR birthday...go to the LCS and buy yourself a nice coin (A nice Benjamin...looks like you like them) and buy it with FIL's roll and note that you bought it on your birthday w/FIL's birthday roll...you could start a new tradition...?
Let us know what you decide.
smat
|
|
Pillar of the Community
United States
883 Posts |
It is possible to open this type of roll and re-close them by hand without tearing. Carefully open one end, look through them, then decide what to do with them.
|
|
Valued Member
United States
284 Posts |
Were they mine, I'd remove them immediately from a carefully preserved bank wrapper. I'd keep them as a set by placing each in a 2x2 fastened with one staple (so that removal becomes quick and safe). Then I'd examine each under the protective cover removing any that bid for better inspection. I'd finish stapling the 2x2's and assign a serial no. After inserting the bank wrapper into the first pocket of a BCW three ring binder sheet, I'd put the rest of the 2x2's into sheets, possibly marking the BCW with a permanent marker in the region of the logo. Note: I'd be sure to make this fun, not work! From experience, I'd have you prepare yourself for possible disappointment. In 1982, after Susie B's were discontinued, my proof set habit kept me on the U.S. Mint mailing list. I took them up on their offer to sell SBA's (every year, every mint -- one hundred in each bag). Bored on a day in 2018, I unsealed the 1979 P bag to look for Wide Rims (no such luck!) This warned me to unseal the rest. They'd been stored on a closet shelf in a little used room not subject to unusual environmental risks. They did not age well. They appear to have interacted with each other leaving about 25% with what any TPG would call environmental damage. These are not exemplary metallurgical wonders. Were you to sell yours as is, I would not be surprised to learn they were returned by the buyer (I'd give odds of that happening at about 5% -- not much but too much for me). Furthermore, what comes back may not be what went out. My advice: 1) Preserve the integrity and continuity of the set and wrapper. 2) Gain an understanding of what you have (all Denver?). 3) Revisit your question and make your decision. Kevin |
|
Pillar of the Community
United States
3402 Posts |
Open it and see if they are wide rim/close date.
KK
|
|
Bedrock of the Community
United States
10284 Posts |
Wide Rims or Near Dates are 1979 P issues. The roll looks to me to be Denver.
|
|
Pillar of the Community
United States
824 Posts |
The hoarder in me says keep them as a memory.
You can always decide to do something later on with them.
|
| |
Replies: 30 / Views: 3,306 |
Posted 01/01/2021 7:58 pm
