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Question About Buying Mint Rolls Of Coins.

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murrellington's Avatar
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3276 Posts
 Posted 01/23/2011  05:58 am Show Profile   Bookmark this topic Add murrellington to your friends list Get a Link to this Message Number of Subscribers
so there are a few dates and mints of coins that I would like to purchase a whole roll of.... and I want them to be ones from the mint that have never been opened before. what key words would you use to search these? ebay gets a little tricky with everyone trying to make money off of unknowing collectors.
for instance, when I search "2009 p Jefferson nickel roll" I see a roll for $170 and then others for $20. I need help not buying the wrong coins please :)
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murrellington's Avatar
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3276 Posts
 Posted 01/23/2011  06:00 am  Show Profile   Bookmark this reply Add murrellington to your friends list Get a Link to this Reply
Like is there a certain wrapper that only the mint uses so we can tell? I thought nf string was mint sets because that's what everyone advertises, but I realized anyone can buy nf string wrappers.
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coppercoins's Avatar
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7629 Posts
 Posted 01/23/2011  07:50 am  Show Profile   Bookmark this reply Add coppercoins to your friends list Get a Link to this Reply
First off, there's NO difference between the coins the mint wraps and the ones banks wrap. They come from the same bins. The only difference is the paper - whoop-de-doo. Oh yeah...and the price.
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eaglefoot's Avatar
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6326 Posts
 Posted 01/23/2011  10:09 am  Show Profile   Bookmark this reply Add eaglefoot to your friends list Get a Link to this Reply
True, there is no difference between the coins whatsoever, but like it or not, there ARE many many ULTRA Modern collectors who do place a value on the "special U.S. Mint paper" wrapped rolls specifically, over regular "bank wrapped/ or Fed. Resv. String and Sons.
The Mint certainly charges a big premium for a P&D roll set of anything...so in that sense alone, maybe it's deserving too ! Because they do COST MORE !
Wrongly or rightly, there just IS a realized premium difference recognized by quite a few folks nowadays.

I also think, that because of the relatively new "roll collecting" phenomena with Mint products/issues, in the last ten years or so, that it has made this, kind of a new form of collecting, that didn't used to be anywhere near as prevalent as it is now.
The option to even have these, just wasn't ever available before the millenium.
Because of their price, they are also more likely never to be opened....and they'll be sealed and kept as such for infinity, whereas "bank wrapped rolls" and their like could be opened and gone through at any time because they can be had for "face value".
Could be appealing to "error hunters" at some future point too, or just collectors wanting to cull for BU's. Or just plumb "roll collectors" who prefer these and want them.
Roll collecting is changing now too from what it once was. It's still in it's infancy I believe, but it's a lot different than "the old days".
Edited by eaglefoot
01/23/2011 10:26 am
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captainkurt's Avatar
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 Posted 01/23/2011  10:35 am  Show Profile   Bookmark this reply Add captainkurt to your friends list Get a Link to this Reply
The US Mint's special packaging on their wrappers can be seen on the USmints website. There you will find rolls of quarters, halves, and dollars. You will not find Pennys, nickles or dimes. (These are only available sometimes for special releases like the 2009 pennies or westward nickles) You can buy them directly from the mint but as others have said, string and son wrappers can be just as good and be much lower in price.
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coppercoins's Avatar
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 Posted 01/23/2011  12:25 pm  Show Profile   Bookmark this reply Add coppercoins to your friends list Get a Link to this Reply
Okay, so if you collect the paper - knock yourself out. But there seems to be a preconceived notion that buying mint wrappers will yield better quality coins. Nothing could be farther from the truth, and that's what I was commenting about.
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murrellington's Avatar
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 Posted 01/23/2011  5:22 pm  Show Profile   Bookmark this reply Add murrellington to your friends list Get a Link to this Reply
okay more specifically what I would like to know, if you get a bank wrapped roll, how do you know if it is a brand new set of coins or if it is a mix that has several circulated coins of different years mixed in? how do you make sure it is all original coins without opening it?
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captainkurt's Avatar
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 Posted 01/23/2011  5:54 pm  Show Profile   Bookmark this reply Add captainkurt to your friends list Get a Link to this Reply
You don't 100% know. Just buy from highly rated sellers who have been doing it for a good amount of time. They will have sources that get full boxes of Pennys, nickles, dimes and so on that are all BU coin rolls. If a full (unopened) box of coins has BU coins on each end of every roll you can be sure the whole roll is BU. (plus some boxes are stamped from the fed reserve I think) A good ebay seller who sells rolls frequently is not going to mess with their feedback rating by selling mixed rolls. They will have a good amount of assurance that their source is legit enough to market BU Rolls.

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 Posted 01/23/2011  8:12 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:
I also think, that because of the relatively new "roll collecting" phenomena with Mint products/issues, in the last ten years or so, that it has made this, kind of a new form of collecting, that didn't used to be anywhere near as prevalent as it is now.
The option to even have these, just wasn't ever available before the millenium.

WOW is that ever true. Since I go to coin shows almost every weekend, I've noticed that more and more. At first I thought it was my imagination that many dealers had boxes of rolls of Uncirculted coins for sale and by the roll. If you should ask for a single coin from them, you would get a look like your nuts. And they are really seeling by the rolls in all dates, all mints, all denominations. People are really getting nutty in this hobby.
Just what do you do with many, many, many rolls of coins? You can't see the coins. You don't even know what is really in those rolls. For all some people know the entire roll on the inside is full of washers.
Think I'll stick to just coins.
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sublime118's Avatar
United States
406 Posts
 Posted 01/23/2011  10:18 pm  Show Profile   Bookmark this reply Add sublime118 to your friends list Get a Link to this Reply
I must admit that I am a roll collector. I love original rolls. I have never opened any, and probably never will. Can you imagine opening a roll from the 1970's in say 2041?
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SilverFossil64's Avatar
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183 Posts
 Posted 01/23/2011  11:04 pm  Show Profile   Bookmark this reply Add SilverFossil64 to your friends list Get a Link to this Reply
Could be neat if you are still around. I would suspect a lot of people buy rolls to bust and cherry pick the nicest coin(s) then get rid of / sell the rest.
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murrellington's Avatar
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3276 Posts
 Posted 01/24/2011  12:33 am  Show Profile   Bookmark this reply Add murrellington to your friends list Get a Link to this Reply
i want to buy rolls and save them, maybe for when I pass them to my kids. thats how things get valuable. parents and grandparents keep passing on their collections.
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captainkurt's Avatar
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 Posted 01/24/2011  05:15 am  Show Profile   Bookmark this reply Add captainkurt to your friends list Get a Link to this Reply
I started collecting rolls because of the Satin Finish issue at the mint and I wanted to have all the business strikes I could get my hands on. Higher grade Business Strikes from 2005-2010 may carry a premium in the years to come. Now I continue to collect rolls because I want to have something to do in my retirement years. Granted I am 40 years away but can you imagine how much fun those rolls will be in 2050!
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cladking's Avatar
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2270 Posts
 Posted 01/24/2011  11:43 am  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply
People are going to be amazed how scarce most modern rolls are. Collectors simply stopped saving them in 1965. More precisely they scaled way back in 1965 and scaled back further yet in '67, '68 and '69 until it came to a virtual halt. Even though very few '65 rolls were set aside a large percentage of them were later released because there was no interest in thm over the years.

Other than most cent dates, a few nickels, bicntennials, and most of the states issues finding rolls after 1965 is very difficult. Some dates like '69-P quarters are very scarce.

Most will shrug and say "so what" but they forget that not all moderns appear in mint sets and that not all coins that appear in mint sets are easy to find as gems. Many dates and most varities just don't exist in the mint sets and can be rare or even non-existent in rolls. Choice and gem coins from the Satin Finish mint set years will be scarce for the main part other than quarters and halfs. Some of these will be tough. Just finding "common coins" like a gemmy '79-S SBA will be a challenge if more than a handfull ever seek one. There is no depth to the supply of most moderns and the attrition is still extremely high. It just wouldn't be unusual for someone seeking a '79-D type "d" reverse quarter to locate a roll and spend all the coins that weren't keepers. It's not unusual to find whole rolls with no keepers.

Circulation just keeps grinding coins away. It doesn't matter how a clad quarter gets into circulation. If someone accidently loses track of a very rare '72-D DDR quarter it will get worn away in circulation and no oni is likely to ever find it because there are so few looking. If a 1916 quarter accidently gets into circulation the very first person it finds will probably save it. Until people start appreciating these coins more there will be about a 3% annual attrition. Even though something like a BU 1971 dime is scarcer than a BU '50-D nickel there are 3% fewer of the dime each year and the number of nickels just drops a little.
Time don't fly, it bounds and leaps.
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jbuck's Avatar
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187702 Posts
 Posted 01/24/2011  3:37 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Well worth a second mention...

Quote:
But there seems to be a preconceived notion that buying mint wrappers will yield better quality coins. Nothing could be farther from the truth...

Quote:
how do you make sure it is all original coins without opening it?

Most people do not realize that Chuck is right because these people are afraid to destroy the expensive paper to find out!

I have never met a roll that I would not open.
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eaglefoot's Avatar
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6326 Posts
 Posted 01/24/2011  3:44 pm  Show Profile   Bookmark this reply Add eaglefoot to your friends list Get a Link to this Reply

Quote:
JustCarl......... You can't see the coins. You don't even know what is really in those rolls. For all some people know the entire roll on the inside is full of washers.

My point precisely with the "Official U.S. Mint PAPER" ! That's how you actually DO know exactly what's in there ! ....
Machine wrapped/bank wrapped rolls....that's right....you never REALLY know what's in there ! .....
And the Two Roll Sets with Official U.S. Mint paper will get you BOTH mints, which no one can do from their banks, at face value or any other value. And this is pretty important too for those with this as their only option to do so.

For the record......I'm not paying for any "paper" either (except for a couple items each year).....I just "see the other side", and don't disagree with the theory behind pursuing it if one has the extra money. I do not agree that it is folly or a waste of money or a bad decision in coin collecting.
Edited by eaglefoot
01/24/2011 3:48 pm
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