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 Replies: 29 / Views: 3,576 |
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Rest in Peace
United States
9104 Posts |
http://cgi.ebay.com/ws/eBayISAPI.dl...190469514257While it's possible to get a shotgun roll with an odd coin on the end, this guy is pushing it. Wheat rolls that "just happen" to have a vdb and an opa token on the ends? How about multiple rolls with IHC? Or better yet, FE or Seated dimes? I suppose if someone was legally blind, they could make this many mistakes when wrapping up a bunch of coins, but if you bought a bunch of rolls like that, wouldn't you check them for things like svdbs, silver, type and rare dates? Smells to me like rolls of common wheats salted with a coin or two on the ends.
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Valued Member
United States
266 Posts |
That's exactly what they are. There are a few sellers that put better coins in their rolls, but there are none that sell actual "unsearched" random rolls. When I first started collecting, I bought a roll that had a 1880 indian on one end and a 1858 Flying Eagle on the other and I only bid what I thought the end coins were worth. I was pleasantly surprised when I found eight or so extra indians in the middle along with some well worn teen Lincolns. However, most of the roll was common 30s and up Lincolns. Don't get sucked into thinking there's going to be something special in the middle of the roll, because these things have been picked over already.
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Pillar of the Community
United States
3592 Posts |
There is more than one guy doing that.I've seen multiple auctions with a 1909-vdb/IHC by the same seller...and people were bidding away !
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Pillar of the Community
United States
4989 Posts |
Yes none of those end coins are random it is just a marketing tactic to sell rolls. They produce those rolls in bulk so the middle coins are probably taken from a hoard of common date circulated and the end coins are pulled from some hand picked nice dates. That keeps searching fun but for safety make sure you only price the end pieces and assume common copper in the interior
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Rest in Peace
 United States
9104 Posts |
Here's a fun project for a cold winter evening that will tell you the odds of finding anything valuable in "unsearched" wheat cents (where the best you can hope for is "unsearched by me").
Make a spreadsheet with the dates, mints, and quantities made. Add up the mintages. This assumes equal probabilities, with none of the better dates being taken out or otherwise lost in the last 50-100 years.
Now divide that number by the mintage of any date/mint you're looking for. For example, let's say there were 15 billion wheat cents made. There were 484,000 svdbs, so your odds of finding one are 1 in 30992.
So if every svdb ever made was still in circulation, and you had access to absolutely unsearched wheats, you'd still need to go through over six bags to find one.
Talk about a noodle in the haystack!
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Forum Dad
 United States
24150 Posts |
Fred, do you still have a copy of that cool speech you used to put in your bulk Wheat cent listings? |
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Rest in Peace
United States
9104 Posts |
Doubtful, but I'll post it if I can find it.
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Pillar of the Community
United States
1081 Posts |
It's also funny that he knows all about the rarity of the token, I'm sure he didn't look.
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Bedrock of the Community
United States
10284 Posts |
Don't forget, there's two sides to every coin. The hidden side of the end coins could be total eyesores and these bandits have the unsearched term to excuse themselves. I wouldn't buy one, just because it's plain shady business.
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Valued Member
United States
123 Posts |
I agree.If a collector just happens to get his hands on rolls like that there is NO DOUBT he would open them before he got them home.I KNOW I would and I would bet any collector on this forum would as well. I think ebay should put a stop to the blatant sales of these dishonest listings. |
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Locked
822 Posts |
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Pillar of the Community
United States
4989 Posts |
Yes that is a good point they will obviously put the strongest side of the "hand picked" coins on edges of the shotgun roll. Hence, I would recommend when pricing these to assume that the edge coins are at least one grade lower than they appear. And, again, assume the middle is nothing but junk copper. It is interesting that this marketing tactic actually fools people into thinking it might be a whole roll of Indians/etc... It is just so obvious. I guess the people who buy these are the same ones who get suckered by those TV coin shows that charge 20-30% over FMV for AU Morgan and Peace dollars (i.e. $32 for an AU-50 common date Peace) and then try to sell it as the deal of the century. |
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Rest in Peace
United States
9104 Posts |
I especially like his purchase of (50+) Wounded Indian Head CentsAnd this sale: http://cgi.ebay.com/ws/eBayISAPI.dl...190466253545which looks like someone bid less than face on the stuff that appears uncancelled,and none of which is plate blocks, as advertised. |
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Pillar of the Community
United States
1256 Posts |
Like scubu, I wouldn't call him clever but apparently he doesn't need to be... selling common wheats for $20 a roll. Another funny one. http://cgi.ebay.com/unsearched-penn...190474294304Why would he buy 500 common (twice) if he had that bag collection? Where are the rolls in the bag collection? (stupid!) Where see silver dimes? no see dimes. I think I've seen that "elderly woman's collection" before except I'm sure it was someones uncle. It's really too bad the public can't slam these guys without buying. But ebay makes a lot of sleazy fees. They'll never stop. |
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Rest in Peace
United States
9104 Posts |
He's also offering a $5 "one ounce" desert storm coin, which is CuNi. He's got bidders! Anyone want the 45 coin set @ face?
The amazing thing is his FB. Then again, if you fell for it in the first place...
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Valued Member
United States
393 Posts |
I would think that selling like that would be risky. If you sell to some gullible kid and he realizes he's been had the feedback wouldn't be good. I notioed in his feedback someone wasn't happy about receiving broken marbles.  |
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Replies: 29 / Views: 3,576 |
Posted 11/30/2010 06:20 am
