I've just recently joined this forum and so far its been AWESOME!
Looking for some guidance on rolls of uncirculated pennies.
I have quite a few bags of $50 worth of rolled pennies on canvas sacks ranging from 1958-1972. They seem to be uncirculated and RED. I've done a little bit of research and its seems to be all over the place...crack open the rolls/don't crack open the rolls.
What do some of you forum/penny gurus say?
Thanks for you advice and comments!
P.S. for those that have seen my other posts...more inherited gifts from grandpa :)
I would open them as well. it is possible to open crimped rolls without damaging either the coins or the roller and then to manually re-cinch the roller, if you are careful, if you want to preserve the roller. Personally, I've never bought based on the apparent never-opened roll condition because it's too easy to re-roll them and, to me, I don't see any sense in paying a premium for them in the first place. They weren't rolled with any sort of extreme care to begin with and small chance of something of extreme value.
@PlumCrazy814. Thank you for the advice. I have A LOT of bags, as previously stated. I've seen a YouTube video of Mr. Stacks. The verdict may be out on bags of rolled vs loose coins. If I open the rolls, I'm going to be busy...there is alot to look thru.
Looking through the rolls can provide hours of enjoyment, so no need to rush it. Keep in mind you can always re-roll them if you lose interest.
If the rolls are not sorted by date, you may want to do that first (sort all the cents from all rolls by date). Looking through cents from one year makes it easier to spot something different, as the cent has had subtle changes through the years.
Search value for mint sewn bags sold on ebay completed sales for that particular year or uncirculated rolls/lincoln Memorial cent rolls uncirculated etc to consider selling as is. Then go to pcgs and ngc web site and look up top grade values for that particular coin year. Also can search for errors or varieties that may exist for that particular year which typically would increase also the value of the bags/rolls. Then decide which route to go for that bag, sell as a sealed mint sewn bag at that premium, or take time to search for top potential condition coins and errors/varieties. If your brand new to that, maybe experiment with one only while learning as most of the value lies in knowing what coins have more value (such as in a book like strike it rich with pocket change 5th edition) and the value of top condition coins. You can also check the census at pcgs and ngc for that coin, that is the number that were graded in that specific grade. If it only says 3 or less out of billions produced have a high value at the top grade but all others in lower grades do not have value over grading fees, the chances are tiny that your coin would grade in that top condition even if you know what a top condition coin looks like. That is found more for modern coins than older coins typically.
If the bags are opened then you are likely going to have to search for added value from top condition/errors/varieities beyond its normal 1c value or at minimum sell individually as uncirculated or roles of uncirculated coins from mint sewn bags which is a bit time consuming but people do make money that way.
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Posted 01/16/2024 2:29 pm
