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 Replies: 12 / Views: 2,869 |
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Valued Member
United States
60 Posts |
I have mint rolls, such as Kennedy halves for the last 10 years or so, what is the best way to store them? I currently have them in the same wrappers and boxes they came in, but am thinking of moving them to tubes, whats your thoughts. |
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Pillar of the Community
United States
1150 Posts |
I would personally just leave them in their original packaging. If I was going to buy an original roll of anything I would pay more for it if it were in the original wrapper.
If it isn't broke, don't fix it.
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Valued Member
United States
384 Posts |
I agree with mitchhailey, also just store them in a cool dry place.
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Pillar of the Community
United States
1231 Posts |
The best way to store them, is for you to package them all up and ship them directly to me.
I agree with the others have said. You could also put them in square coin tubes still in the wrapper.
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Valued Member
 United States
60 Posts |
Thanks for your responses. I was figuring on keeping them like I have them now, in the orig packaging, then in airtight plastic food bags, but I thought I read somewhere that the paper rolls are not good for the coins.
Thanks again.
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Pillar of the Community
United States
1150 Posts |
Depends. Are they clad coins or silver? Silver would react with paper if it has sulfur in it, but that would probably only add some really nice edge toning to the coins. Now, there are people in the 'toning is damage to the coin' camp, and technically they would be correct.
Keep in mind that plastic could possibly negatively react with silver coins, but I'm not sure about clad.
I completely understand your wish to protect them, but just like AlmostCollectible said, storing them in a cool and dry place should do just fine.
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Bedrock of the Community
United States
20753 Posts |
Sort of depends on what your future outlook for thoes are. If for possible investing, not a real good choice. Probably never will be worth the space they take up. Many of the Kennedy halves are not really expensive now and may never be even in MS grades. Another thing is many people think they have Mint rolls and they turn out to be a roll with a MS coin on each end and normal coins inside. You'll never know for sure until some day in the future you open them. And yes there are those that would pay a little more for an entire roll of MS graded Halves but that may well be far enough away that it is not worth the storage. My thoughts are to open them, put in those plastic tubes, and don't worry about a possible loss of a few cents for not being in paper rolls. I've been putting coins in those plastic tubes for as long as they've been around. Not even sure why. |
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Valued Member
United States
60 Posts |
I purchased them from the US mint website. Each year I buy thats years set.
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Pillar of the Community
United States
1150 Posts |
Carl is saying you aren't going to get rich off of uncirculated rolls of business strike Kennedy halves, and he's right. However, if you take them out of the wrapper and put them into tubes, you are going to need to buy a tube for each roll which will be in the area of .50 to 1.00 or so, depending on where you get them. Add that cost onto the 'few cents' premium you would get for them being in the original roll. It may not be a fortune, but you would be losing out on any real profit. If you put those things on ebay, years from now, in the original roll, there is really no telling what someone may come along and pay for them. Crazy things happen on ebay! |
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Bedrock of the Community
United States
17884 Posts |
The main reason those rolls have any premium at all is because they are in the original mint wrappers. You paid $35 or more per roll set for them. Take them out and put them in tubes and they will be worth about $25 per roll set or about an immediate 30% loss in value.
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Bedrock of the Community
United States
12437 Posts |
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Bedrock of the Community
United States
20753 Posts |
Quote:
However, if you take them out of the wrapper and put them into tubes, you are going to need to buy a tube for each roll which will be in the area of .50 to 1.00 or so, depending on where you get them. Add that cost onto the 'few cents' premium you would get for them being in the original roll. It may not be a fortune, but you would be losing out on any real profit. I guess that is completely true. Depending on the price of those plastic tubes, the loss due to opening, might just come out a loss. Rereading the original post it is noted "such as". So just what are the other rolls besides the halves? Might be some with a much better value. |
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Valued Member
United States
60 Posts |
Thank you all for your responses. The halves are the bulk of what I have now. I also have the first 3 Presidential dollars, a native dollar, a westward nickel and the FL quarter set. I started to collect the presidents but buying every set is out of my budget, and as was mentioned, I am paying quite a premium. I had about 30 rolls of State Quarters when they first came out but they were stolen. (probably a tax time helper of mine) I think my goal for these is that later in years my kids or grandkids will be able to appreciate them. My other school of thought is I may eventually break them open, and keep just a few. With them in wrappers, no one can appreciate them. For now, I will keep them in original wrappers in cool dry space, in airtight food storage bags. |
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Replies: 12 / Views: 2,869 |
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Posted 06/06/2011 5:40 pm
