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Why Pay $23 For A Usual Half Roll

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Pillar of the Community

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 Posted 06/28/2021  4:10 pm Show Profile   Bookmark this topic Add Oldfordman to your friends list Get a Link to this Message Number of Subscribers
https://www.ebay.com/itm/203330133956

Why would you pay 23 when you can get them for face? And 88 sold? Ridiculous.
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ijn1944's Avatar
United States
19126 Posts
 Posted 06/28/2021  4:19 pm  Show Profile   Bookmark this reply Add ijn1944 to your friends list Get a Link to this Reply
Welcome to the wild and woolly market place.
Rest in Peace
T-BOP's Avatar
United States
18456 Posts
 Posted 06/28/2021  4:24 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
He's obviously searching for non coin collectors or non CRH,s stating you might find silver Halves in these rolls .
Pillar of the Community
United States
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 Posted 06/28/2021  5:01 pm  Show Profile   Bookmark this reply Add Oldfordman to your friends list Get a Link to this Reply
He can weigh them to find out if they contain silver. It's a scam.
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Greasy Fingers's Avatar
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 Posted 06/28/2021  6:49 pm  Show Profile   Bookmark this reply Add Greasy Fingers to your friends list Get a Link to this Reply
Two words...Free Shipping....
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Coinfrog's Avatar
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 Posted 06/28/2021  7:15 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Oldfordman nails it.
Pillar of the Community
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 Posted 06/28/2021  7:38 pm  Show Profile   Bookmark this reply Add coin rejector to your friends list Get a Link to this Reply
@Ofm.... I agree w/ you, the ebay seller has come up w/ a clever way to make money. That being said, I see no difference between this ebay sellers business, when compared to..... Instacart, Doordash, Starbucks or even a drive thru car-wash. All these businesses (IMO) are completely unnecessary but people do pay for the convenience. Possibly the $13 over face value, is the ebay sellers justification for a convenience fee?
Edited by coin rejector
06/28/2021 7:40 pm
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Coinfrog's Avatar
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 Posted 06/28/2021  8:08 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
For the fun of it, I contacted him and asked what the exact weight would be of my roll if I ordered it. He replied "10 oz". Draw your own conclusions.
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Pacificoin's Avatar
Canada
5393 Posts
 Posted 06/28/2021  9:03 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
Convenience is the by word here .
He is not getting rich at 23 a roll .
Coin roll hunters never get halves for face
In the first place , when you factor in time
wasted travelling to a bank , enduring
the inevitable scourge of bank employees .
gas to and from the bank , the stress of
Finding a dump bank .
Better off frequenting a local coin shop and
perusing junk boxes .
As you get older you will come to realize TIME
is the most valuable resource , used wisely
very rewarding , used frivolously ......oh well .
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Coinfrog's Avatar
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 Posted 06/28/2021  9:12 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Well said for sure.
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ijn1944's Avatar
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 Posted 06/28/2021  9:27 pm  Show Profile   Bookmark this reply Add ijn1944 to your friends list Get a Link to this Reply
Wonder how North Korea would deal with such foolishness? Just kidding, of course.
Pillar of the Community
United States
2869 Posts
 Posted 06/28/2021  9:28 pm  Show Profile   Bookmark this reply Add Oldfordman to your friends list Get a Link to this Reply
I know he is not getting rich. I just posted it for laughs or the sort. And I did get halfs for face. Not a lot and rarely.
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John77's Avatar
United States
2910 Posts
 Posted 06/29/2021  08:57 am  Show Profile   Check John77's eBay Listings Bookmark this reply Add John77 to your friends list Get a Link to this Reply

Quote:
He can weigh them to find out if they contain silver.

True, though the weight test isn't foolproof with Halves since a 40%-er doesn't weigh all that much more than a clad one. The rule of thumb, of course, is the heavier the roll, the more likely it is going to have silver. When minted, a 90% coin weighs 12.50 grams, a 40%-er 11.50 grams, and a clad one 11.34 grams. A roll with a 90%-er likely will be found via the weight test, but it is very easy to miss the 40%-ers going off straight weight.

$23 a roll is a crazy price indeed. That said, just to "break even" on selling a $10 roll of halves, when you factor in it is going to cost you around $5 for shipping and materials, along with about $3 in ebay fees, you need to sell it for $18 or so just to not lose money. A $5 profit per transaction may not sound like a lot, but repeat it 88 times, and he's made about $440.

Personally, I like to "bundle" my trips so I'm not spending any extra on gas when doing CRH. Most of my banks are within walking distance of the supermarkets I shop at, so I simply go to the bank(s) first, go to the store to get my groceries, and then go home. My biggest problem with halves are the boxes themselves. I've never had much luck with boxes so I finally gave up and stopped ordering them earlier this year. All of my really good finds with halves have come with rolls or groups of coins that customers have brought in. Most of the banks I deal with are very happy to get rid of any halves they get in from customers. Since finding customer brought in halves is a rather infrequent event, I rarely have to think about dumping a large quantity of them.

Time indeed is a valuable resource, and perusing junk boxes is a wise use of it IMHO. Have scored a lot of good coins this way from my LCS... though with the price of silver so high right now, have been hesitant to do this lately.
CRH Nickeloholic. 1,600,000 nickels searched in eight years! Have found FOUR complete Jefferson sets!
Edited by John77
06/29/2021 09:00 am
Pillar of the Community
United States
2869 Posts
 Posted 06/29/2021  10:44 am  Show Profile   Bookmark this reply Add Oldfordman to your friends list Get a Link to this Reply
@john that's how I get my rolls. Sometimes I use the branch inside of Walmart.
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