"Unsearched" Vintage Coin Rolls! *HELP!!!*

Hey guys,

I have been thinking about investing in coin rolls for quite some time now, and I have finally thought about asking you guys what you think about them. So all I would like to really know is if they are really worth it and what your experiences with "unsearched" coin rolls are. Any help is appreciated! Thanks!!! : )

 

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There's no such thing as an un-searched roll of coins and if you are willing to invest in such an fiasco, a fools errand you be.

 

That's exactly why I put unsearched in quotation marks...

 

And your point? I mean, you did start this thread........

 

Same comment as I posted in your other thread earlier. There are no such things as unsearched rolls. Don't waste your money.

 

Oh dear, I do see.........question about unsearched rolls...........there ain't any bloody such thing.

 

Unless Aunt Matilda rolled up a few things in her knickers.........

 

Invest in the stock market, buy coins you enjoy and quit watching youtube videos...

 

Sage advice.......

 

There absolutely and without question is such a thing as "unsearched rolls" that have sat untouched for a half a century or more, but the real question is if you're likely to stumble upon them on eBay. The answer, of course, is no.... you're not.

It's also worth clarifying the fact I'm talking about OBW (Original Bank Wrapped) rolls and not some mixed nothing often in paper made to look old, including fake stamps. Real ones are uncommon and considering what they are absolutely must come from a trusted source, plus they're not something that can be regularly stocked meaning they're usually acquired by pure chance.

The greater point is that for new (and/or most) collectors it's wise to simply and wholly avoid anything purporting to be an original and/or unsearched roll unless modern and coming straight from the bank. The more you learn about this hobby the more you're going to discover that it's probably a lot more complex than originally thought. There's also many, many more pitfalls than you ever imagined, so focusing on personal enjoyment is much better than on hoped-for future returns that very rarely ever come to fruition.

 

Remember if you see a unsearched roll of Morgans and you see CC on one or both ends always assume that is all the CC coins you will get and assume the CC coins are the common dates of 1882-1884.

 

Curious, what is your end game? You’ve mentioned selling coins in a few threads and what sounds like flipping coins that you buy full price on eBay.

Are you trying to collect or are you trying to be a seller? Both require very different strategies.

 

I'm kind of both. Some of my threads of toned coins and Morgan's are because I would really want it in my collection. But some other threads are because I want to reach my first $500 from flipping coins on eBay. Also it might just be me, but I get a bit bored of opening my "valuable coins" drawer and seeing the same old coins over and over and over again. So the toned Morgan's I would like in my collection will probably also be sold off a few months after I have bought it because the "Wow" effect kind of diminishes over time and the 1,000th time you look at it you just think "meh..." So I'm both a buyer looking for cool toned coins to add to the main collection and a buyer looking for low prices coins to flip to get to my first goal of $500 flipping coins on eBay.

 

You have the remember that when you buy retail (eBay, coin shop) you are paying full retail and you will not have any margin to make a profit when you resell. After shipping you will likely be at a loss.

Best way to find coins for resale is to barnstorm estate sales, flea markets, etc.

 

Think about it for a minute. How many years ago has it been since wheat cents were last made? How many years were wheats in circulation? How many years ago were wheats first minted? How many wheat cents did the Mint produce in that time frame? What do dealers pay for wheat cents? Then consider the key, semi key and true Mint errors and the known production numbers. What do you expect to find?

Another Utube video strikes again.

 

Just last night I found 2 unsearched 1980 something rolls in a box of papers. Didn't remember them. Of course they weren't on ebay. Gee, maybe I should put them on ebay so there would be genuine "unsearched" rolls on there.

 

You know some people are stupid enough to sell unopened $25 boxes of new pennies, not even guaranteed anything for like $30-45 because "they come from Cape Cod" or some rubbish like that... But yes the two rolls there could sell for quite some profit ($5-10 each)

 

I have 13 grandkids and 17 great grandkids. I sometimes buy these "unsearched rolls" simply to make up some packets for birthdays, Christmas, etc. If they are reasonably priced they make nice additions to the hoards I already have. I may be able to get one of them interested in the hobby.

 

They aren’t to be found on EBay. As previously said. Only to be found at estates and the like. If I have the time to put in the effort of creating an eBay sale page with fantastic claims, you can get I also have the time and motivation to take the wheat and leave the chaff for an unsuspecting purchaser.

 

A few weeks ago, a woman brought in two Brinks boxes of old wheat cents into a local bank near me. They were from her mom who died recently. They gave her $50 for them and then called me and said that each roll was marked and they looked old. I bought them all up and inside were coins as old as 1909. No really rare dates but lots of solid date 1930s-1958 rolls and some old ones too. The same woman has brought box after box of these in since then and I have bought them all.

Thought I would just share that - those are the only TRULY unsearched rolls I have found. Any 'unsearched' rolls on eBay are fakes.