sneaky trick by dealer at show

Hello guys I was at a show this weekend and got to talking with one of the big big dealers I do business with. I was trying selling him some original franklin bank wrapped rolls when he bragged to me about how he doesn't buy real original rolls ...he makes them. Now maybe I am naiive but I usually can spot a roll on eBay claiming to be original and is not but this dealers rolls were pretty much identical to real original bank wrapped rolls. He continued saying he payed $40 thousand for the coin roller and has bank wrappers made from a company to look exactly like the old ones. He said the rollar has paid for itself many times over by making hundreds of 90% rolls. I even think he takes the time to weather them so they look older. I was shocked. Has anyone actually heard of dealers doing this or is this yet another thing I should have known about. And if he could trick my eye and I have held many many original rolls from the original owners, how can anyone know for sure if a original roll is Turkey original.

 

Log in or Sign up to hide this ad.

If he actually did brag about purposefully conning customers, then he is perhaps the dumbest seller out there. Despicable behavior, trying to pass off a roll as "original" when they know very well that it is not.

 

Who's scamming' who. I don't believe for a second that original unsearched rolls exist........

 

I think he is full of it. 40k to roll half dollars?

 

From what I understood it tools all coins

 

So greenie, you don't think OBW rolls exist...?

 

The rolls I had were incredibly old and brittle , yea maybe what I thought was original wasn't.

 

Plus I know they exist at least for quarts and dimes because I have bought estates where coins were hoarded by the owner for decades.

 

I do not want to disclose the dealer but I will say he is one of the largest dealers in New England

And I agree I was sick about it because I love orig rolls

 

Call me skeptical, but no I do not. Everyone selling them has had the opportunity to search them. Who's offering them? Mom and Pop Jingle? Nope. Dealers......

 

One day I'll convince you. One day...

 

Unless you can convince me that they've been found under grandmothers bed I will continue to be a non-believer......

 

I guess I find the 40k spent on a coin roller... believable?? I suspect someone's leg is being pulled a bit. This is not to say that I don't think that many "OBW" rolls are recent creations....

 

There are plenty of old farts who make their own rolls. It's a scam that been around longer than the internet, but has garnered many creative tweaking along the way. You see those rolls on ebay and the seller places a nice looking Civil War Token at the end and wants the bidders to believe that he found it that way and surely it must be as old as the hills because it has a CWT in it. Oldest trick in the book.

 

I don't think he was pulling my leg. Maybe on the price it could have been exaggerated by him but I believe he is doing it on a large level. He was so proud of himself. I am going to try to find him on eBay or website see if rolls are a big part of his stock

 

Some years ago I met an elderly gentleman who had been stashing rolls since the 40's, and only after approaching with extreme hesitation could I accept the fact that his collection was indeed original and unsearched. They do exist, but are one of those things that it is best to assume the worst about.



What is hard for me to believe the $40k machine story when, with a little skill, rolls can easily be done by hand, or with a little searching (no pun), certain banks have rolling machines and will allow customer use.

So called "original rolls" for the most part are sucker bait, but I find this to be no worse than offering a better date coin on ebay as raw, while making no mention of any problems and fluffing it up even though still residing in it's details holder. If it sells crack and take your chances, but if not you don't lose the guarantee of authenticity. Now that's a sneaky trick.

 

This is a very dirty trick. If this dealer holds any certifications or designations he should lose them. I'm not one to want someone to get in trouble or mess with their livelihood, but this guy is ripping people off and should be reported.

 

This kind of scumbagery really pisses me off. How would you like it if this guy was selling supposed OBW rolls to your grandfather, father or your son? Meanwhile he's laughing all the way to the bank with their money. Well maybe it's not your son or father, but its someones family somewhere he is ripping off. Just cause it might not be your family doesnt mean this dealer should get a free pass.

 

I am pretty confident in stating original unsearched rolls of Morgan dollars do not exist today. Back in the 1980's solid date rolls of Morgan dollars could be had quite easily. It was common for a dealer to examine a roll before purchase and if he liked the overall quality of the roll he bought it, took it back to his table cherry picked the nicest ones and replaced them with comparable ones to keep the coins fairly well matched. After changing hands a few times the rolls would be sold to a collector at MS-60 to 61 prices.

In the early 1970's a woman who had a complete roll set of Franklin halves purchased directly from the bank was selling 3-4 rolls every three months to a local coin dealer who was my mentor. She would hold the rolls she purchased and let me be the first to go through them and pick out the best one. I filled a Dansco Franklin half album from those rolls.

 

Don't believe OP and don't believe his story. Had to get the hazmat suit on to read this thread.