Interesting "unsearched" roll on ebay

Obviously these are never unsearched, but I thought it was interesting they say it is a 1914 and a 1914-D gold indian.. only way you can know is by looking on the reverse side of the coin
http://www.ebay.com/itm/PENNY-ROLL-...080?pt=LH_DefaultDomain_0&hash=item20fc8ad7a8

 

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I can't tell you how many 09-VDB cents I now own due to buying rolls with VDBs on the reverse. I still don't own an 09-S-VDB. I'd wager my next month's coin budget that it's got the lesser valued gold coin.

 

Even if I had unlimited resources, I would never, ever consider one of these "put together" rolls and you know as well as I that this roll was assembled with a specific intent. Separating people from their money with a fishing lure of a gold piece which may or may not be authentic.

Folks have reporting purchasing this stuff only to find culls and general crap that can't be sold any way other than sight unseen.

Now, addressing "Unsearched Rolls". The term is relative in that what the seller may have been searching for may not coincide with what the buyer is searching for. As such, unsearched fits.

However, for "global" definitions, you can bet even money that there will NOT be any 1914-D Lincoln, no 1922 Plain Lincolns, no 1955/55 Lincolns, no 1931-S Lincolns, and no 1909-SVDB Lincolns. For this particular roll, there won't be any other 1/10 eagles either.

THAT, dear readers, is the "strict" definition of "Unsearched".

 

Well explained. Unsearched is simply a false statement by the seller. I especially like it when they promote the end coin as if it could be a super rare and valuable coin (for example... "rare 1909S VDB?"), yet they are willing to just sell it without having looked at it. HAHAHA, yea right! It comes off to me as an admission that they are bending you over.

Now I understand many of these bidders/buyers are not stupid enough to believe they are truly unsearched and are bidding because they enjoy roll hunting and/or are looking for other stuff that the seller may be unaware of or is not of value, but even under those circumstances I would never buy from one of these scammers out of principle. Why reward these scumbags? That's the part I truly don't understand. To me these buyers are dumber than the people that don't know they are being scammed.

 

I actually bid on most of the rolls with gold showing, simply because I buy and sell those gold coins. I throw out low bids, knowing the other side of the gold could be crap. I won one roll once, and was happy to get a decent gold coin. The other coins were a bonus, since I simply bid what I normally would for the gold.

 

I think you are right. If you want to buy some culls, go for a lot of them listed as they are. You may be surprised and get some good dates in them and interesting finds. If you want wheat cents in the 40's and 50's, they are available in rolls at the bank.

 

You are throwing out low bids and getting lucky on some that slip through the cracks. The ones you don't win are being bid up by people who end up overpaying and getting shafted. Shafted enough where the losses seller takes on sales to buyers like you are being made up and then some.

Make no mistake, I don't feel sorry for the fools that get the shaft, but I hate that the seller is getting rewarded for something I consider unethical.

 

Exactly. At the same time you are making a sale for someone who was being honest in their listing. Win-win for both parties.

 

I agree. Most people are overpaying for these big time.

 

Its not a 1/10 eagle. It is a quarter eagle. 1/10 eagles are modern bullion coins. This is a classic, gold, once in circulation coin.

 

A great way for the seller to get rid of jewelry mounted gold coins!

 

*guilty* never again!

 

Funny how ebay lets these unsearched auctions run even though no one in their right mind would really find a gold 1/4 oz on the end of a roll and LET it sell withOUT checking to see if there are more gold coins within the roll.

Salted and ebay Only cares about the fee potential.

 

Just looked again and realized there are 2 gold pieces, one on each end!!!

WHO lets THAT go . . . Unsearched???

 

Someone who knows he'll get more than the actual value of the two gold pieces by selling this way, and who... strongly suspects?... that there is nothing else in the roll worth the effort of opening it.

Of course, the seller isn't going to tell just anybody how to make this determination, because, hey, he has to keep his trade secrets to maintain his competitive advantage, right?

 

With 1/4 Indian at spot $144, bidders are seeing Pie in the Sky!!!

Reading between the sellers 'descriptive' lines tell us he looked to know the 'D"

Check the diameters with a finger nail and you/he can guess what else is within.

Salting the roll doesn't require guessing.

 

With about $300 to $600 (depending on grade) worth of gold coins there, you're already behind at the current $630 bid.

 

Must be why they call it "Fleabay" huh?

 

you can buy "vintage" wrapers on Ebay, Here is one with wrapers dated 1921
Anyone can fill them with anything

 

You can buy them on Amazon too.