OBW cent rolls

I just bought around 100 obw rolls of 60-70s cents. In the past when I bought them i would just open them up and search for errors, then put them in tubes to preserve them. These rolls I payed 2 bucks each and are nothing special but I have noticed people get real excited with this whole obw thing and pay a premium for them. Although these rolls look very good and the coins on the end are nice and seemed like they held up very well in their wrappers. So I guess my question is what do other people do with obw rolls? Open them and put in tubes, leave them in OBW, or even put them in nickel tubes in their obw.

 

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I pay face for them, and then spend them.

 

Same with me. Am I missing something?

 

I will say that some dealers out there are paying a little over face for original uncirculated rolls of Lincoln cents from the 60s and early 70s, but I think $2 each was too much.

Now that you have them, I would probably search them for varieties and then reroll them and hang on to them for awhile.

 

Teashunt and Carl, Why would any coin dealer sell you a roll of uncirculated anything from the 1960's at face value? I WANT to meet that coin dealer before he goes out of business.

And if you guys got a source for 1960's rolls of OBW cents at face value, share your knowledge! I will happily buy 10 OBW rolls of '68-S, 69-S, 70-S (at face value!!!) and so on and so forth. Just give me the name and number.

Now back to the original post

Shortgap is probably right. Cherry pick them for varieties but also for really super high quality examples, especially if space or weight is a concern for you. They'll probably go up in value with time, but for the amount invested, they DO take up a lot of space. But to each his own.

EDIT: Actually, I am assuming the original post is about those rolls that are supposedly solid with one date and mintmark - such as a roll of 1968-D cents. It's much the same as now when I go to my bank - I just got two rolls of 2007-D cents. Both ends show a 2007-D cent and the assumption is that the rest of the roll contains the same. And they are uncirculated or at worst AU. Now if the poster is talking about an OBW roll that contains a mix of dates, then something is wrong. Either they are not all uncirculated or they have been sorted and then put into rolls. So if randall is talking about rolls of circulated 60's and 70's cents that happen to be bank-rolled, then they are nothing special and I can understand Carl and Treashunt's remarks.

 

Well, let me clear this up they were OBW same coin same mint. They were many s rolls 68-74 and some others. I also would like to find a source for OBW for less then 2 bucks each. I did not have to pay shipping or taxes so I think I did ok. Greysheet has them around 1.10-2.50 and E-Bay you would pay double. My original question was not whether i got a good deal but how other would handle these rolls. Just as many people throw them in the street it sure seems the poor old cent gets no respect. pennyholic

 

Well.....

1. If you want to keep them OBW - you have no choice - they have to stay in the paper wrapping. There are a zillion threads on this forum on how to store coins. Basically, a low humidity protected environment and don't be handling them all the time.

2. If you're removing them and putting them into other rolls, then general consensus is the plastic tubes with the same recommendations as #1 above. But then you've "searched" them, and they are no longer OBW.

Maybe another angle is required here.

If I were buying OBW, I would want to do one of two things:

a. Keep them and hope they go up in value. (see #1 above).

b. I want to search for an error, variation or a really choice example of that coin with that date and mintmark. (See #2 above).

If you are worried about OBW rolls being wrapped in paper and that the paper may contaminate the coins, then you are in between a rock and a hard place. Once you take them out of whatever packaging they were in, they are no longer OBW.

 

Pocket change the answer you gave was exactly what I was asking for and I want to thank you for that. Another comment would have been wow what years? good luck looking through them, or how about cool OBW were they candy striped or what bank did they come from. It is sure nice when you hear postive or encouraging comments instead of negative ones, and of course an answer to your question so you can learn something.

 

Where do you get them? I am in the market for 60's and 70's BU rolls! I can't seem to find them! one gentelman who had them won't sell me any!!

 

I've had some luck calling around to various dealers and asking them. Not all have BU memorial cent rolls but some do, so you could try that.

I'm trying to put together a BU memorial roll set myself and the bigger problem I have is that any dates after about 1988 are really hard to find.

 

I got these from a guy who buys coins from estates. I also have bought some from dealers and have found very few at shows. Talking to dealers they tell me it is not worth the effort to bring them as they weigh alot and do not make much money on them. Here is a dealer online that has rolls and the prices are not to bad. http://www.villagecoin.com/

 

I hate to tell this from what I've been reading but I just took about $30 or more in anywhere from EF to MS Lincoln Cents rolled from back then to the bank. Not being a coin dealer, not using ebay, not wanting to sell anything, I have been downsizing my collections. Due to Medical reasons and no one to leave a coin collection to I have been eliminating coins I see no future in saving. The ones that went were all in plastic rolls from the 70's and some from early 80's. Naturally all looked through for anything rare, but just dumped into a bank type bag and took it to the bank. Many rolls of 80's and 90's went not long ago. Also, about 100 Wheat Cents just for the fun of it. I sent about 1,000 older Wheat Cents to a YN that is on the forums a lot in another state. Also, sent him a pile of Nickels. It is amazing that when you get real old and have serious medical conditions, your attitudes change substantially.

 

There are tons of BU rolls on e-bay and other auction sites. Lots of obw ones too - you just have to find someone you can trust for obw to make sure they aren't rolling their own.

 

thanks you all for the nice replies!

 

god this is killing me, whats OBW???

 

original bank wrapped (rolls).

 

ahh thanks

 

Open them all up. Search them for varieties. Go on ebay and buy a stack of old original bank rolls and a rolling machine. Re-roll your cents in vintage rolls and sell them on ebay as "original bank rolls" (which technically is correct) for about 4 dollars each. If you ad a blurb about not being a "real collector" and finding these rolls "in a box of grandpa's things" or an "old desk drawer", you might even get more. Roll them around in your hands to "age them" and you are good to go.

You get to search, sell and maybe break even or make a few dollars.

Best of luck.

 

The big mis-conception here is what is an OBW roll! Yes, some Banks routinely take assorted Cents, Nickels, Dimes and Quarters and roll them or have them rolled in what are called OBW Coin Wrappers. However, there are the rolls of coins that are received by the Bank through their' regular supplier (whoever that may be) that could either be assorted Dates and Mintmarks rolled by this supplier or a coin rolling service or they could be rolled BU coins that are rolled by a coin rolling service but as they come from the Mints. All of these are considered OBW rolls as they come in what is referred to as OBW rollers!

Generally, $2,00 for a OBW BU roll of Lincoln Memorial Cents is considered high, unless they are the higher collectible Dates and Mints! These being the 1960-P & D large and Small Dates, the 1969-S, 1970-S, 1971-S, 1972-P, 1983-P, 1984-P,
1995-P rolls and to some extent the 1998-P, 1999-P, 2000-P rolls as well as a few other Dates and Mints that are of lower mintages and/or have known errors. Additional Dates and Mintmarks will more than likely make the list as they become more scarce due to hoarding and/or the value of the known errors for these Dates and Mints goes up significantly in price!


Frank