Ok, I'm looking through eBay and I see people selling off old rolls of coins, where do they find them?
Sometimes you will see the designation "OBW". This stands for "Original Bank Wrapped". That means that the paper the roll itself is wrapped in is as old as the coins as it was wrapped by the bank when they first got the coins. Usually these old rolls sit somewhere or are in a collection until someone sells them off. Sometimes a person not realizing that he has a very old roll of coins, may take it and drop it at a bank or use it to spend, and thats how they end up in circulation.
estate sales , parents who have passed on, alot of collectors put rolls of coins away in hopes of being worth more down the road. HOWEVER BEWARE alot of these crimped rolls offered on e bay have been salted with a nice looking coin on the end to drive up the interest and bids on said roll . Its easy to unroll a crimp roll of pennies etc. and put a good looking coin or coins in the ends. Just remember if it looks like fish or smells like fish .....9 times out of 10 its a fish and the deal you were bidding on will smell just as bad! IMHO
Most of the time, they make them. Search thru the feedback statements and it'll answer your question.
Yeah, I've done that with a few and avoided buying from them. There are also people saying they're selling rolls but the rolls are cut in half. I bet those aren't unseached ;-)
If you look around on eBay you will also find, in addition to OBW sellers... *Original bank rolling paper (or replicated old bank rolls) *Mechanical bank coin rolling devices that crimp the end of bank rolls. and with further investigation, you can find that the sellers of these so called "original bank rolls" had bought some of these above mentioned items in the past! You will also find in completed listings these same sellers having bought bags of common wheats, which is another clue that they have their own roller. I found one of these sellers with some amazing rolls, searched his completed purchases, and found he had just bought rolls, roller, a 5000 pc bag of 1950s wheats, and a handfull of indians, VDBs, and teens... He was rolling 48 common wheats, and stuffing the ends with the VDBs, indians, and early dates showing. Pure scam...
wow, that's good to know. I wouldn't have thought about that. Thanks for the information, you probably have saved me from wasting some money.
