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 Replies: 14 / Views: 760 |
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New Member
United States
15 Posts |
My old man gave me a good portion of his collection when I last visited him. He collected rolls of Morgans and Peace dollars and also has a few rolls of Franklin's. They are all BU condition, mostly picked up from coins shops decades ago. It's impressive to see so many high quality coins purchased in rolls, but what is the thinking on grading? I would guess them to be graded between 61-63 if they were sold as Brilliant and uncirculated. But really have no clue. He said he was told they should be between 63-65. The difference between a highly graded versus not is huge. But is there also value in having a full roll of raw coins in BU condition like this. The cost to grade 1,000+ coins isn't worth it and once I took one out to grade (if I could find a choice one or two per roll) then a roll minus 1 or 2 seems much less appealing. Don't get me wrong. A "problem" I'm glad to have. But an opportunity I'm not sure how to proceed with. TIA for your thoughts. |
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Pillar of the Community
 United States
6464 Posts |
If you feel that a full roll is the most valuable, then you could always buy a coin or two to backfill the ones you send for grading.
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Bedrock of the Community
United States
10982 Posts |
I'd go through them. If you have a good eye, any silver dollar that would grade MS is likely worth grading. Another thought is to try an auction house like Great Collections who will have them graded for much less than you can. I would not sell them as BU rolls. Good luck!
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Moderator
 United States
56855 Posts |
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Bedrock of the Community
United States
94367 Posts |
Check 'em out.  to the CCF! |
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New Member
 United States
15 Posts |
Thanks all! I have some work (fun) ahead of me.
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Bedrock of the Community
United States
12057 Posts |
The only exception: if they are in sealed original bank rolls, do not pull them apart. They are worth a substantial premium if original bank wrapped (OBW)
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Bedrock of the Community
United States
19126 Posts |
As others have noted, I'd go through them.
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Moderator
United States
95018 Posts |
definitely go through them and pick out the best. Can you post up some images of these?
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Bedrock of the Community
United States
12057 Posts |
So let me clarify what I meant a little bit if you are anticipating selling them at some point in the future. Just to offer an alternative point of view.
Let's say you have a roll of common date Morgans (1883-O, e.g.)
If you send all the coins out to be graded and the average grade is MS62-MS63, you're losing money. I can tell you from experience that the average "BU Morgan Roll" from the 1960s will grade out around MS62-MS63. You'd be spending $40 or more per coin to grade $80 coins unless you get lucky and find some beautiful toners in there.
On the other hand, sealed rolls from that many decades ago will almost certainly bring much stronger bidding than opened rolls or a box of 20 in shiny new PCGS/NGC holders. Why? People like the hunt, the thrill of searching something that's been untouched for that long, and they will open their wallets accordingly. It's entirely possible that such a roll would bring 2-3x or more the value of a roll that you make today by sticking 20 random BU Morgans in a wrapper.
Leaving them in the old wrappers also encourages the development of toning, which can further increase the value of the coins.
It might serve you better in the long run to crack open a roll or two and leave the rest sealed, because you could turn a $2000+ roll of Morgans into one worth half that.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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New Member
United States
15 Posts |
These are the rolls they are in; each rolled by year and mint. A couple look like the top of the roll was cut or the roll is just a bit short going just to the edge of the top coin. The picture of the '35 Peace dollar you can see a scratch right were the high point likely rubbed against the plastic cover. That was a roll that the paper wasn't long enough to cover the top of the roll. I put a small piece of paper to cover them now. I'd say just 2-3 or three rolls are like that though. The picture is of the top one. I assume the ones below it don't have that.   Edited by SilverSchmitt
04/03/2024 10:49 pm
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Bedrock of the Community
United States
12057 Posts |
Those do not look like OBW's so I would not worry about splitting them up.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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New Member
United States
15 Posts |
no, they are definitely not original wrappers.
I'll spend sometime looking through them all and consider sending some off to be graded a bit at a time. It would be cheaper overall to send in a bulk batch, but the price tag to slab is steep! Had no idea. I'm collector status: whatever is below novice. lol!
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Bedrock of the Community
United States
12057 Posts |
Reputable dealers (do your homework) can often submit them for you in bulk to PCGS or NGC at special discounted rates.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Moderator
United States
95018 Posts |
thanks for the images and confirmation on not being OGP wrappers. You should have tons of fun looking through these if that is what you want to do.
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Replies: 14 / Views: 760 |
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Posted 04/03/2024 2:45 pm
