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 Replies: 17 / Views: 3,407 |
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Pillar of the Community
Australia
1985 Posts |
A lot of those rolls of seemingly uncirculated coins rolled by security companies contain 1 or more random old circulated coins. I imagine a buyer who paid a premium for an "uncirculated" roll of 2020 MOR dollar coins would not be happy when they open it to find 19 shiny 2020 coins and a beat up old 1985 coin.  This happens with all denominations. I would like to see the process by which this occurs. Edited by MachinMachinMan
08/24/2022 12:02 am
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Pillar of the Community
United States
2280 Posts |
Never heard of it.
You realize when you know how to think, it empowers you far beyond those who know only what to think.
-Neil deGrasse Tyson
Edited by NumismaticsFTW
08/24/2022 12:37 am
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Moderator
 Australia
16805 Posts |
Quote:
I would like to see the process by which this occurs. . That's easy. The security companies are under no obligation to ensure the purity or single-source nature of their coin rolls. They source coins from the Mint. They also source coins from banks, and possibly direct from major retailers. All these coins get mixed up together in the hopper of the coin rolling machine. True, if you pour in a giant Mint bag into the hopper, what comes out will be rolls of mostly Mint-sourced coins. But no guarantees. - they're certainly not going to waste time making sure the hopper is completely empty before pouring in the bag of Mint coins. It's also entirely possible that a company-wrapped roll that has two Unc-looking coins on both ends is made up entirely of "used" coins from banks etc and just happens to have near-MS coins on the ends, due to random chance. Which is why buying Australian "mint rolls" is always going to be a lottery. The only way to 100% guarantee every coin from a roll has come straight from the Mint, is to buy a roll made by the RAM itself, with "Royal Australian Mint" printed on the wrapper, and they stopped making rolls of regular circulation coins like that back in the early 1980s. 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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Pillar of the Community
Australia
1510 Posts |
Yes you can not buy ram rolls from ram mint, sadly not full ms coins in circulated rolls, maybe lucky and score a beauty
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Pillar of the Community
Australia
1510 Posts |
Only way your going to get those rolls are the collectors shops and they sell them for $$$ depending on Mintage, key date etc....... I've seen logo on those rolls in a shop  |
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Pillar of the Community
United States
2280 Posts |
I understand what you're referring to now.
Those security companies that have the shotgun rolls aren't guaranteed anything.
They can be any years of sorts, that's why you're finding random coins.
You realize when you know how to think, it empowers you far beyond those who know only what to think.
-Neil deGrasse Tyson
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Pillar of the Community
 Australia
1985 Posts |
Quote:
Those security companies that have the shotgun rolls aren't guaranteed anything. Yes, but the people selling these rolls on ebay etc usually claim they are "uncirculated rolls" and charge as such. |
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Pillar of the Community
United States
2280 Posts |
Yeah and a collector that isn't naive but rather knows better isn't buying those.
You realize when you know how to think, it empowers you far beyond those who know only what to think.
-Neil deGrasse Tyson
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Valued Member
Australia
215 Posts |
The seller is safe as long as they can convince the buyer not to crack open the roll. "Who knows how much this roll will be worth in 20 years" blah blah  |
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Pillar of the Community
Australia
1510 Posts |
Unless it's a worthy error coin or they have no dings or scratches.  |
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Bedrock of the Community
Australia
21786 Posts |
As Sap says:
The Royal Australian Mint used to sell Mint wrapped rolls of new coins through the Reserve bank of Australia.
They haven't done this for nearly 40 years.
I still have a few from all that long time ago.
They could be quite valuable in 100 years time.
But I won't be around to know about it.
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Pillar of the Community
Australia
1333 Posts |
yeah mint rolls (with a stamp are guaranteed at moment) and Cc(cotton co) rolls, there are some reject mint rolls that are floating around.
People buy the security rolls/bank rolls because they believe its too expensive to buy the original release limited rolls, ranging from thousands to hundred of dollars for something that was release at a 100 dollar price range. The problem is some seller are very dishonest and greedy when they know full well that they got them from the bank for face value they want a lot more than x4 or x5, they are hoping that it just get passed around and nobody finds out about the hot potato.
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Pillar of the Community
4628 Posts |
Wow, we never had that. The closest we got were mint rolls of the 2015 Anzac and 2018 Armistice 50 cents, sold directly by the mint. Mint fresh rolls are sometimes put in the coin machines, but very rarely, like most of yours, all ours are rolled by security companies and not very well. When the Reserve Bank did issue mint rolls, it was only for the 10,20, 50 cents denominations, never the dollar ones. My noodles have shown that the worst coins go in the rolls. Many of the $1 and $2 coins I got failed to grade even Fine! As for them on ebay - caveat emptor. |
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Pillar of the Community
Australia
1510 Posts |
Yes you have hit that right machineman very unlikely too get fully uncirculated rolls occasionally you might get the stand out but the rest just a bag of coins.
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Pillar of the Community
Australia
1510 Posts |
Although I did find that 1981 in a security roll.i suppose they are only good on a rarely basis.
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Pillar of the Community
Australia
1985 Posts |
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Replies: 17 / Views: 3,407 |
Posted 08/24/2022 12:18 am
