Good or bad buy?

Discussion in 'US Coins Forum' started by JimmyMcBritish, Jul 10, 2018.

  1. JimmyMcBritish

    JimmyMcBritish New Member

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  3. lordmarcovan

    lordmarcovan 48-year collector Moderator

    Kinda steep for what will almost assuredly be a roll of common Wheat cents with a common Merc dime stuck on one end, but who knows. You might have fun with it, anyway.

    Sticking oddball stuff (silver coins, Civil War tokens, whatever) to spice up Wheatie rolls (or Heaven forbid, rolls of common circ Memorials, for all we know) is a favorite tactic of eBay sellers. They must think it tricks buyers into believing there might be something other than common cents in the rest of the roll. I don't know why.

    Obviously the older rolls with cherrypicking potential were not in those kind of modern wrappers, and no banks would have had dimes blatantly shining out from the open end of their cent rolls even if they did have such rolls back in the day.

    So you "buy a pig in a poke" when you buy that kind of lot.

    Odds of finding something worthwhile? Very, very slim.

    But you never know. Maybe you'll at least score a few pre-1934 Wheaties.
     
  4. TheFinn

    TheFinn Well-Known Member

    I actually bought a roll of wheat backs on eBay once and the seller thought he was pulling something over on me by inserting what they thought was a damaged coin. Ended up being a nice uncirculated 1953-D error I sold for $25. I only paid $5 for the roll.
     
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  5. NumisNinja

    NumisNinja Active Member

    Yeah, they put a $2 junk silver Merc dime as the ender, to "EDITED: Language" of a common date low grade penny roll. With fees taken out the seller probably only makes a few bucks, maybe hoping a couple bidders run up the final sale price so he gets a bigger profit.

    As a buyer you just end up with a bunch of low grade common date coins unless you get lucky and find one or two decent ones in the lot that are worth something, which is unlikely.
     
    Last edited by a moderator: Jul 10, 2018
  6. lordmarcovan

    lordmarcovan 48-year collector Moderator

    Generally speaking, these sort of "stuck together" rolls are NOT a good buy.

    But as @TheFinn mentioned, there's still a (small) chance you could get lucky.
     
  7. daveydempsey

    daveydempsey Well-Known Member

    You should have read the 41 negative feedbacks for the previous similar sales from this seller.
    Its a scam.
     
  8. lordmarcovan

    lordmarcovan 48-year collector Moderator

    Those are mostly sour grapes from folks who didn't read the listings and had unrealistic expectations. Sure, it's a not a great deal, but I wouldn't go so far as to call it an outright scam, since the seller isn't making any claims to offering anything but a roll of Wheat cents with a fully-visible oddball coin stuck on one end.

    If nothing is delivered, or if there aren't 49 Wheat cents of some flavor behind that Merc dime, then it's a scam.

    Sure, it's a dumb listing, but not illegal, I reckon.

    The folks who left those negatives had mostly themselves to blame.
     
  9. daveydempsey

    daveydempsey Well-Known Member

    41 negs and 70 neutrals would be more than enough to stop me bidding.

    I received my one and only unjustified neg about 13 years ago and I was mortified.

    These sellers have no shame.
     
  10. lordmarcovan

    lordmarcovan 48-year collector Moderator

    Oh, I don't disagree with you there. I wouldn't buy one of these lots, and the marketing is a bit tacky, but what you see is what you get. Only you can't see much of it, which is the main problem. (Only 4% of the coins are visible in this listing).

    In this wonderful Internet age, there is really no need to buy coins sight-unseen anymore, like we so often did in the Bad Old Days of pre-Internet mail order.

    These sellers don't have any shame, but their business model works. They're all about volume of sales. This one has 41 negs in the last year, 'tis true, but they also have 232,157 feedback points in total.

    Only on eBay is 99.4% positive considered "bad", I guess (unless you're talking something like airline safety records).
     
  11. Clawcoins

    Clawcoins Damaging Coins Daily

    well it's a prepacked, presearched coinage. They just put it in a new roll to make it look fancy to the right buyer. The ad tells you everything in it so all the coins were gathered:
    • 90% Silver 1945 Mercury Dime and Wheat Cent Showing on End of Wheat Roll Sealed - Crimped Tight on Both Ends Thank you for looking and bidding on our auctions.
    • This is what is exactly in these rolls:
    • The end coin, and at least one cent dated from 1910 to 1919,
    • cents from the 1920's, 1930's, 1940's and 1950's.
    • Also included is a 1943 World War II steel cent.
    • There are mint marks from every mint... Philadelphia, Denver and San Francisco....
    • 50 Coins Total!

    If you read /see his other listings seller commonly "polishes the turd" as mentioned above.
     
  12. alurid

    alurid Well-Known Member

    What is the value of the knowledge and experience that you have gained.
     
  13. TheFinn

    TheFinn Well-Known Member

    Very small.
     
  14. Michael K

    Michael K Well-Known Member

    Current bid and shipping should be $8 not $15.
    Even at $8 it is just someone repacking wheaties worth 3 cents each
    with a $1.25 melt value Mercury on the end. You are looking at a
    value of less than $3 unless there is 1 seeded good date wheatie in there.
    Anything that has something on the end (Mercury dime in a penny roll)
    has been searched extensively and should not be sold at these prices.
    (5 times actual value.)
     
  15. NumisNinja

    NumisNinja Active Member

    And the Merc dime thing...in a penny roll? Only because the size barely fits can they get away with that. I swear, if they could stick a beat up old 21' Morgan on the end of a worthless coin roll they would.

    These sellers are either trying to unload all their junk coins to make them someone else's problem, or they are intentionally buying large bulk lots of pennies so they can resell them in this scammy way for profit.
     
  16. Clawcoins

    Clawcoins Damaging Coins Daily

    considering it looks like they have a *nice* coin rolling machine using paper rolls and not premade tubes, I think they are doing the latter half of your comment ....
     
  17. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    Be careful, NN. A certain word you've used has apparently been deemed unacceptable here and may result in the post receiving the dreaded "Edited: Language" scarlet letter which, of course, is a punishment unfitting of the "crime" and ends up making it look as if the user was using actual profanity. Go figure.

    "Idiocy" and a few innocuous others have received it as well, so take as you will. ;)
     
  18. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    A "machine" isn't necessary to produce such ends. It can be done by hand with a little practice and/or with the use of a certain very basic and inexpensive tool.
     
  19. NumisNinja

    NumisNinja Active Member

    "Unsearched by me". Ok, how come? Did you have your wife search it for you first. Lol

    I mean I see people come into coin stores with Folgers cans full of pennies. And the guy sits there searching all of them just hoping for a key date. Usually finds nothing and tells the person to take them back. Yet we're expected to believe these eBay dealers BUY all of the coins only to NEVER search them???
     
  20. Clawcoins

    Clawcoins Damaging Coins Daily

    I think I was looking at the wrong pics. his looks like Tubes, not paper rolls. So can be so easily done.

    I learned how to open up rolls very easily with one of those long staple removers to unroll the end.
     
  21. APX78

    APX78 Well-Known Member

    I would avoid these type of auctions.:)
     
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