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 Replies: 16 / Views: 2,706 |
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New Member
United States
32 Posts |
I have started picking up the UNC rolls from the banks of these dollars and had a question. All the rolls I'm getting are saying Strigs & Sons, Harrisburg, PA. Do they not specify Philly mint or Denver mint? I'm guessing that since its from PA that they are the philly mint but how do you know for sure? I dont see a mint mark on them.
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Pillar of the Community
United States
3098 Posts |
Nope, for the String and Sons, the only way to know what mint it's from is to open it.
So................. just get one of each pres
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Bedrock of the Community
United States
17884 Posts |
String and Sons of Harrisburg PA is the company that manufactures the paper that probably 95% of all of the rolling machines in the country use for rolling coins.
Edited by Conder101
02/24/2009 2:36 pm
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Pillar of the Community
United States
1699 Posts |
Even though it say PA on the wrapper, it can be from the Denver or the Philladelphia mint. I thought that is was from the Philadelphia mint too at first when I started getting the rolls but I opened one and they were all from Denver.
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New Member
United States
5 Posts |
Yup it does not say weather it is a P or D. You can tell most of the time by where you live and what your bank normally gets. East cost would be P and West coast would be D.
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New Member
 United States
32 Posts |
ok, well here is my next question. I am getting these strictly to hold onto to sell them in a few years for a small profit. Would it be better to leave them in the wrapper since I dont know what mint they are and sell them that way or open them and make actual mint rolls by putting them in a tube?
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Valued Member
United States
270 Posts |
You can ask your bank what mint they are. Depending on what part of the country you live in the coins are shipped to the bank from the certain mints. The bank staff should know which mint they buy their coins from.
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Pillar of the Community
United States
1151 Posts |
The mint mark is on the edge of the coin. The only way to tell, is to open the roll and look at the edge of the coin.
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Bedrock of the Community
United States
17884 Posts |
Quote:
You can ask your bank what mint they are. . . . The bank staff should know which mint they buy their coins from. But twenty years from now if I am buying he rolls I don' want to take your word for it so you have to open them, and now that they are open, they are no longer an unopened roll and potentially worth less. Especially if the first buyer passes after they are opened. And the banks order from their main banks which order from the local Fed bank ot the Mint. Now NORMALLY the particular Fed Bank will be supplied by a particular mint, but if the Fed doesn't have a supply they CAN get a supply from another Fed bank which may be a different mintmark. This is especially true for cities ocated close to Fed boundarys. Soonce again the only way to know is to open he roll.(Now once you open one from a box the others from that box will USUALLY be the same. Do you see how nothing is really certain?) |
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Moderator
 United States
187702 Posts |
 When you buy or sell an unopened roll, you are actually buying or selling a mystery. The mystery, in my opinion, has no real value. I would never pay a premium for an unopened roll, nor would I ever expect to be paid a premium for one. |
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Valued Member
United States
377 Posts |
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I would never pay a premium for an unopened roll, nor would I ever expect to be paid a premium for one.
So you don't sell or buy "unsearched" Rolls How about if you had unopened rolls Of Washington or Adams that could be smooth edge. I believe both of them get a premium by being "unsearched" |
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Valued Member
United States
277 Posts |
imanangel0686, most banks get their coins from a servive (Wells Fargo or such) not from the mint.
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Moderator
United States
187702 Posts |
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How about if you had unopened rolls Of Washington or Adams that could be smooth edge. I believe both of them get a premium by being "unsearched" They could, but I would not expect it. If I sold them, I would be reluctant to "advertise" this possibility. I do not believe in hype selling, it goes against my better judgment. The truth is that my desire to see the coins for myself would override any profit motive, real or not. I want to know what's inside! Since I would have not paid a premium for them, what do I have to lose?  |
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Pillar of the Community
United States
2734 Posts |
Note: Just about every roll of coins I get from the bank or credit union (mixed-circulated or BU) is in a String and Sons wrapper, and I live in Denver, Colorado. Every BU roll of Presidential dollars I have obtained from local Wells Fargo banks have been Denver Mint coins in a String and Sons wrapper. Edited by DNA
02/25/2009 10:00 pm
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Pillar of the Community
United States
6326 Posts |
In the first year of the Presidential dollars....my bank of course was getting all "D" rolls, as per usual. Well, then, out of the blue, for reasons they did not even know, they got all "P" mints for a certain President (3rd or 4th). They were mystified and astounded and happy about it, and said it doesn't happen very often.......but it goes to show that....."Life is like a box of chocolates....you never know "for sure" what you're going to get". !!....... So, twenty years from now, if you sell a supposed "D" mint roll to a person who's expecting a "P" mint roll, or vice-versa....and it turns out to be the wrong Mint.....well......I guess he'll just have to get his money back from ya !.....(which really is not a big deal I guess....a hassle yeah....but no biggie)(I don't really feel that my integrity would be compromised in that situation.....just a little embarrassed & apologetic maybe) IF you don't want to take this risk....then ya gotta open them to find out. Pristine unopened rolls MAY/CAN/DO have a premium sometimes, and certainly that potential remains for the future with these, but it's your choice on what you want to do. |
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Bedrock of the Community
United States
17884 Posts |
Quote:
How about if you had unopened rolls Of Washington or Adams that could be smooth edge. I believe both of them get a premium by being "unsearched" Not from me they wouldn't. I know how slim the odds are. How much extra would you pay for a $1 scratch off lottery ticket if you know the big million dollar prize hasn't been claimed yet? After all this ticket I'm offering you here MIGHT have the big winner! This $25 roll of Washington dollars MIGHT have a plain edge in it. Look at it this way. IF the mintage of the plain edge Washington was 150,000 coins (which is high), AND they were evenly distributed among the mintage (which they weren't), that would result in you absolutely best chance of selecting a roll at random and finding a plain edge in it. And what would that absolutely best chance be? 1 roll out of 80. So if you selected 80 random rolls and paid a 1$ premium on each of them, you would have just about an even chance of getting a coin worth $50 for your $80 premium. And remember this is the BEST case scenario to make sure you get one. Edited by Conder101
02/26/2009 12:18 pm
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Replies: 16 / Views: 2,706 |
Posted 02/24/2009 01:00 am
