They're getting lazy, yet people are still bidding! (Shotgun rolls)

Discussion in 'Coin Chat' started by zach67005, Sep 1, 2011.

  1. zach67005

    zach67005 Active Member

  2. Avatar

    Guest User Guest



    to hide this ad.
  3. gbroke

    gbroke Naturally Toned

  4. zach67005

    zach67005 Active Member

    Gbroke, sorry for :dead-horse:, but this is crazy that all these buyers are eating this up like candy.
    BTW, congrats on the addition. I just welcomed my 4th on Aug 4th.
     
  5. gbroke

    gbroke Naturally Toned

    Zach, I wasn't sighing because you were beating a dead horse. I was sighing because I can't stand those type of auctions and how they take advantage of new collectors. So lame.
    Thanks on the addition, and contratulations on yours! :)
     
  6. medoraman

    medoraman Supporter! Supporter

    On the other hand, at least these are more truthful, not leading people to think there may be other coins than cents in the middle of the roll.

    I know its hard for us to fathom, but even $12 is not horrible. People who do not collect coins would get $12 worth of fun out of going through a roll of wheat cents.

    If we can step back, we need to realize what we pay for coins is not really "retail", its more advanced wholesale. These kinds of auctions, TV shows, and certain coin companies that target non-coin collectors are the real "retail".

    If the seller is truthful, like these rolls it appears to be, and non collectors buy them for $12, I don't think its the worst thing in the world. I posted similar thoughts about a coin company that targets non-collectors. It may seem high to us, but worth it to those people, and who knows, maybe they will join us here one day.

    Chris
     
  7. yakpoo

    yakpoo Member

    Around 2007 I bought a "partial bag" (39 rolls) of 1935d Lincoln cents in VG-XF condition. I paid $130 which I regretted at the time. I've never sold anything on eBay, but I was wondering what someone might pay for a roll of these things.

    Any idea what a roll of circulated 1935d lincoln cents might sell for in today's frenzied environment?
     
  8. zach67005

    zach67005 Active Member

    I still have to call shenannigans on the "old roll" descriptor.
     
  9. zach67005

    zach67005 Active Member

    Yakpoo,
    I would think that if someone wanted a roll it would be either one date/mint BU, or mixed. There is only one hole for the 35D in my album, and I already know that they would be in circ cond. Although you never know what the public thinks these days. Maybe $6 each?
     
  10. vnickels

    vnickels Matt Draiss Numismatics & Galleries

    He has legit feedback though!
     
  11. zach67005

    zach67005 Active Member

  12. yakpoo

    yakpoo Member

    I wouldn't sell them all...just one roll...as a test. I don't know what I was thinking when I bought them...although, 1935 was an interesting year in history; tail end of the Depression and Hitler coming to power. Besides, I like the small font they used for those earlier dates.
     
  13. 19Lyds

    19Lyds Member of the United States of Confusion

    Sorry, but its NOT "new" collectors bidding on these rolls since I wouldn;t consider any eBayer with better than 100 feedback to be a"new" collectors.

    New Collectors.jpg

    I expect thats its "experienced" buyers looking to "hopefully" score something nice.
     
  14. medoraman

    medoraman Supporter! Supporter

    Sound like me Yakpoo. I buy group lots often, (why buy one when 20 are better!). While I never stocked up on one lincoln date, I used to buy 1927s quarters a lot for no apparent reason. I also bought BU rolls of 38d and 39d just in case I ever wanted to assemble, (apparently 40), sets of jeffersons.

    Chris
     
  15. gbroke

    gbroke Naturally Toned

    Yo Yak, Looks like a circulated roll of '35D sell between $7-$12 a roll. This was based on information in ebay completed listings.
    http://www.ebay.com/csc/Coins-US-/2...ns_US_Individual&_fln=1&_trksid=p3286.c0.m282
     
  16. Hiddendragon

    Hiddendragon World coin collector

    Rolls are good when you're starting a set. Say you just bought a Whitman album and you need to fill up a lot of holes. Buying a roll of wheat cents on eBay can be an economical way to get started, compared to bidding on separate coins and paying shipping for each one. I did it when I was starting my collection and while I no longer have use for such auctions I think there's a place for them. People shouldn't expect to strike it rich though, as even if this particular seller didn't search them, those coins have most certainly been searched at some point.
     
  17. vnickels

    vnickels Matt Draiss Numismatics & Galleries

    Well, an "honest" RIPOFF!
     
  18. yakpoo

    yakpoo Member

    SWEET!! Now I just have to find 38 other people that what these things. Say!...if I charge $8.95 S&H...I'll REALLY clean up!! :rolleyes:

    ...of course, I'll cut that in half for each additional roll ordered. ;)
     
  19. vnickels

    vnickels Matt Draiss Numismatics & Galleries

    What about the mahogany box? Are they all slabbed First Day Cover MS-70 RD by CCC?(certified coin crappers) Top that son!
     
  20. gmaster456

    gmaster456 New Member

    Not a bad thing to invest in really. Buy a roll crimping machine, buy a few worthless 1909 VDBs and the occasional semi key date, dip into your wheat hoard and sell your rolls anywhere between $10-100 depending on the coin you put on the end. Easy money.
     
  21. gmaster456

    gmaster456 New Member

    Back during my first years of collecting, I got suckered into buying into buying some of these, I ended up paying $179 for ONE roll :( :mad:. It makes me sick to think about all the other coins I could have bought with that kind of money. Oh well, guess you gotta learn somehow. Maybe that pitted 1908 S IH will actually be worth something in another 50 years.
    It was similar to this listing.
    http://www.ebay.com/itm/1908-s-1909-s-indian-head-1909-vdb-roll-wheat-pennies-/130569556267?pt=Coins_US_Individual&hash=item1e668d512b#ht_500wt_1413
    You can see where a guilible, relatively new coin collector might get suckered into something like that right?
     
Draft saved Draft deleted

Share This Page