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03-02-2004, 09:10 PM
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#1 (permalink)
| | Junior Member
Join Date: Mar 2004
Posts: 10
| 3,400 + Rolls Uncirc. Silver
We have the following Rolls of uncirculated silver coins - can someone give us an idea as to value?
Thanks! UNCIRCULATED ROLLS - QUARTERS
83 ROLLS 1953-D
99 ROLLS 1956
UNCIRCULATED ROLLS - DIMES
151 ROLLS 1946-D
55 ROLLS 1947-P
167 ROLLS 1947-D
71 ROLLS 1951-P
68 ROLLS 1952-D
92 ROLLS 1953-P
200 ROLLS 1953-D
583 ROLLS 1954-P
727 ROLLS 1954-D
863 ROLLS 1957-P
23 ROLLS 1949-D
137 ROLLS 1952-D
65 ROLLS 1953-D
10 ROLLS 1954-P
6 ROLLS 1947-P
69 ROLLS 1951-P
total of 182 rolls of quarters @$10 face, and 3287 rolls of 10c @$5 face for
a total of $18255 in face value.
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03-02-2004, 09:50 PM
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#2 (permalink)
| | Sic Semper Tyrannis
Join Date: Jan 2004 Location: Patrick County, Virginia
Posts: 3,025
My Mood: |
Here's the info I have. It is of course an estimate.
Prices are per roll.
Quarters:
1953-D @ $240
1956 @ $260
Dimes:
1946-D @ $85
1947-P @ $160
1947-D @ $230
1949-D @ $465
1951-P @ $60
1952-D @ $65
1953-P @ $110
1953-D @ $110
1954-P @ $48
1954-D @ $44
1957-P @ $34
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03-02-2004, 09:58 PM
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#3 (permalink)
| | Junior Member
Join Date: Mar 2004
Posts: 10
| 3,400+ Rolls Uncirculated silver
Jody -
Thanks so much for your kind assistance! We have no value guides and, therefore, have had no idea as to values.
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03-04-2004, 12:32 PM
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#4 (permalink)
| | Junior Member
Join Date: Mar 2004
Posts: 10
| 3,400+ Uncirculated Rolls
We are interested in hearing from anyone else with opinions re: value; however, these rolls are NOT for sale nor are we attempting to solicit any offers. In fact, we are not, and will not, consider any offers. These roools are an investment and we are curious to hear from knowledgable and experienced persons as to their opinions re: the current, as well as speculations re: future, value and possibilities.
We greatly appreciate any and all assistance and/or opinions.
Thanks to all.
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03-04-2004, 01:20 PM
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#5 (permalink)
| | Numismatist
Join Date: Dec 2003
Posts: 3,387
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Well the values that Jody provided are retail values, and are current. As far as continued value it will depend upon the condition of each coin. As they are all silver, there will always be an intrinsic value based upon their silver content. You stated that these coins are uncirculated. If they are in the original rolls, they would have a value above put together rolls. There are too many variables that effect the price of coins to be accurately explained in this forum. All prices are reflective upon the condition or preservation of the coin in question. Silver is a metal that is easily effected by its handling and environment. For future value, be sure to keep the coins in a safe environment. Keep them away from tempature fluxuations and humidity. Do not handle the coins with bare hands. While the dates that you have presented are not exceptional in and of themselves, the fact that they are in rolls helps. This will ensure their value to a point. As a rule, dealers do not buy rolls sight unseen. We (dealers) will open each roll to examine each coin, and a price would be determined from that standpoint. Also to take into consideration, dealers do not pay retail prices found in the price guides. Most of us use a dealers guide commonly referred to as the greysheet. With most coins, the price will change on a pretty regular basis, so the price may go up or down. There is just no way to predict future prices.
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03-04-2004, 09:10 PM
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#6 (permalink)
| | Coin Hoarder
Join Date: Feb 2004 Location: Orlando, FL
Posts: 679
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Are you certain these are UNCIRCULATED rolls? Are they in the original vintage paper rolls? Or do you just have solid date rolls? There is a huge difference in value if these coins have been circulated or handled.
p.s. By solid date roll I mean a roll of one date. i.e. 40 quarters from 1964, etc.
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03-05-2004, 11:54 PM
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#7 (permalink)
| | Junior Member
Join Date: Mar 2004
Posts: 10
| 3,400+ uncirculated rolls
Thanks for the replies and information. Yes, these are uncirculated and have NEVER been touched. They were purchased in the 40's
and 50's in original wrappers and put immediately into vault boxes. They are as they were when put into vault boxes. There are a lot more rolls just like these. The other rolls date from about 1921-1943. Those rolls are dimes, quarters, half-dollars, and dollars. The other rolls amount to about $70,000 Face Value. We are in the process of beginning to inventory those rolls. They, too, are uncirculated rolls placed directly into vault boxes and have been touched nor seen the light of day since they were placed in the vault boxes. These were purchased as there was not much confidence - at that time by the family - in the banks holding the money - they wanted to keep it locked securely away and in their own control.
Thanks for your kind assistance!
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03-06-2004, 12:22 AM
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#8 (permalink)
| | Sic Semper Tyrannis
Join Date: Jan 2004 Location: Patrick County, Virginia
Posts: 3,025
My Mood: |
You're very welcome.
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03-06-2004, 10:53 AM
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#9 (permalink)
| | Retired
Join Date: Mar 2004
Posts: 5,822
| Quote: |
Originally Posted by acmebook They were purchased in the 40's
and 50's in original wrappers and put immediately into vault boxes. They are as they were when put into vault boxes. | Chances are there is a tremendous amount of edge toning, extending toward the middle of the coins, and perhaps covering the whole coins. The ones at the ends of the rolls may even have some "lines" in the toning where the folded wrappers didn't quite touch some spots. There was a lot of sulpher in the paper used for coin wrappers at that time. Quote: |
Originally Posted by national dealer We (dealers) will open each roll to examine each coin, and a price would be determined from that standpoint. | Especially if they are mint wrappers as opposed to original bank wrappers, opening them to look at the toning might be like opening a valuable old wine bottle! |
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03-16-2004, 01:56 PM
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#10 (permalink)
| | Junior Member
Join Date: Mar 2004
Posts: 10
| 3,400+ Uncirculated Rolls Quote: |
Originally Posted by jody526 You're very welcome. |
Jody: I have a serious question. I am NOT soliciting offers on these rolls. That said, when they are sold, will the large number of rolls with individual dates and mint markings have an impact on the value received? I.e., the approximate retail is around $290,00.00. Current Greysheet bid is about $202,000 with a buy at about $225,000. However, I am concerned that, due to the very large numbers of same date/mint-mark Rolls, that the Greysheet may not be an accurate guide. Is this an accurate assessment, or does it not really matter that there are so many rolls of the same date/mark?
I would also appreciate hearing from anyone else who has experienced ideas and opinions.
Thanks again to all!
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03-16-2004, 02:02 PM
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#11 (permalink)
| | Junior Member
Join Date: Mar 2004
Posts: 10
| 3,400+ uncirculated rolls Quote: |
Originally Posted by satootoko Chances are there is a tremendous amount of edge toning, extending toward the middle of the coins, and perhaps covering the whole coins. The ones at the ends of the rolls may even have some "lines" in the toning where the folded wrappers didn't quite touch some spots. There was a lot of sulpher in the paper used for coin wrappers at that time.
Especially if they are mint wrappers as opposed to original bank wrappers, opening them to look at the toning might be like opening a valuable old wine bottle!  | Dear Satootoko:
Thank you for taking the time to respond and supplying the information on these rolls and possible oxidation. We have - with white archival quality gloves - opened about 10 completely randon rolls to check for this. None of the 1o rolls sampled exhibit any signs of oxidation. These rolls were immediately resealed in their original wrappers - using archival materials - and then placed in air-tight archival storage bags. I don't know if 10 is an adequate number for a sampling. What is your opinion/idea? Is there anything else that can be done to safely check on this?
Thank you.
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03-16-2004, 10:19 PM
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#12 (permalink)
| | Coin Hoarder
Join Date: Feb 2004 Location: Orlando, FL
Posts: 679
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Just in general terms...you can buy BU rolls at any coin shop or show at greysheet bid or less. There are execptions, of course. Decades ago when BU roll collecting was hot these rolls carried huge premiums but not so much anymore.
Now, with that said...one thing that is hot these days (among other things) are high grade singles...particularly coins from the 30's-40's. So people who buy these from you might search the rolls for high quality uncs and have them certified.
In one of your posts you mentioned these rolls were "purchased" in the 40's and 50's. I'm curious. Were they purchased from coin dealers at the time? You call the wrappers original, but I think coins were issued from the mint in bags, not rolls. Someone, somewhere, sometime had to put them into rolls. Can you post some photos of the rolls/wrappers?
Nick
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Eyes are not required for true vision.
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03-16-2004, 11:17 PM
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#13 (permalink)
| | Numismatist
Join Date: Nov 2002 Location: PA
Posts: 23,503
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One thing that is possible - large numbers of BU rolls of the same denomination, date & mint mark could have an impact on the market. The market is based on supply and demand - throw that out of balance by releasing large quantities at one time - you be the judge.
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knowledge ..... share it
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03-16-2004, 11:28 PM
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#14 (permalink)
| | Sic Semper Tyrannis
Join Date: Jan 2004 Location: Patrick County, Virginia
Posts: 3,025
My Mood: |
acmebook,
Greysheet bid is an average price for what dealers are offering to pay for coins now. One dealer might offer a little more, another might offer a little less.
You can usually realize higher prices by marketing your coins to collectors, but you have to factor in the time and expence of going that route.
You might want to consider checking with several different dealers, to see what they will offer you, before selling to one for less than Greysheet bid.
JMHO
Jody
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03-17-2004, 10:11 AM
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#15 (permalink)
| | Coin Hoarder
Join Date: Feb 2004 Location: Orlando, FL
Posts: 679
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Agreed Jody. Anyone selling coins should always shop around to different dealers.
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Eyes are not required for true vision.
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