OK whats up people... I am new to the Coin World... But trying to learn .... Now i got this question if you dont mind... when you buy coins in rolls from the US Min or you get Rolls from the Bank how good is the quality ... i mean when grading them what are the possibilities ? when a coin roll is Mint the worst condition should be MS-63 right or ? and Banks seem like a good place to start ... because you get them for the face value... (if you know somebody i guess...) So any comments... THANKS
If you get coins at the banks don't pay more than face value.....even if you don't know the person the rolls should be the same price. As for the grades----that really can't be said....I really doubt that most of the coins out of the coins grade higher than MS65 and as for lowest....if they are Uncirculated rolls than MS60. The grades MS66-MS67 are far and few between. I really don't collect many of the newer coins but I'm sure one of the members....CladKing will be by to give advise soon! Speedy
Thanks man! ..I just asked my friends wife who works at a bank to get me some mint rolls.... i should consider circulated ones as well probably... you never know what can come out of the box....
FYI, All business strike coins from the mint are bagged at the mint and sent to a distribution center to be rolled and sent to banks. Even rolls of coin "from the mint" are rolled somewhere other them the mint by a company that works for the mint to do so. Therefore rolls of coin from the banks, if they are new coin, are just a nice as coins that are rolled in the mint wrappers that you pay a premium for. You just can't count on the banks to have "new" coin when you want them.
In the past I've found that if you know someone at a bank you can accumulate massive amounts of uncirc rolls of coins. Then to preserve them, put them in those plastic rolls. I use to do exactly that. Then recently I found I had hundreds and hundreds of dollars worth of coins in plastic rolls taking up lots and lots of room. So I started asking at coin shows, coin stores, miscellaneous dealers if they wanted to buy any. About half ended up dumped into a bank bag and returned to the bank for face value due to no one wanted them. Most of the others were sold for not much more that face value. These were mostly coins from the 70's, 80's and 90's. One of my biggest mistakes was many, many rolls of that dumb Bicentennial Quarter. Absolutely no one wanted them. The moral of the story is unless you have lots and lots of years to save modern coins by the roll you would be better off with a bank savings account.
wow nobody wanted them ... Well i am gonna get just a few rolls... But its to strange to belive that nobody wanted mint coins from 70,80,90.. .
Not really, most dealers won't give them a second look. And that's because most of their customers won't either.
There is a lot of variability in quality from mint to mint, year to year and between the different denominations. 1966 quarters were typically very poorly struck from poorly made and heavily worn dies but it wasn't overly difficult to find these pretty clean. 1974 dollars often looked to be VF right out of the bag. 1998 cents were often pristine gems and MS-65 was nearly typical. In more recent times there has been a great increase in strike quality because of improved die steels and lower relief but these are often scratched up very badly. The Delaware Philly quarter was one of those that was almost impossible to find clean. I never did see one that would grade over MS-61 and I did watch pretty closely. Another thing to consider is that a roll or even a jumbo bag is in no way a representative sample of a coin. The output of only a few presses will fill these rolls and bags so you'll see just a few minute cross section of what was being produced by only a few dies. A typical roll will usually contain five to ten die pairs and each die pair will be over a short period of their production. Even in years that quality is horrendous it's possible to get a roll of all gems (merely unlikely). It is this tendency for gems and varieties to "bunch up" that makes them so difficult to find but when you do find them there may be thousands in the area. There was almost no interest in circulating coinage until the last few years. As proof consider the '82-P quarter. Everyone knew that there would be no mint sets made that year so more rolls of these were set aside than any of the other eagle reverse clad quarters. Despite this heavy saving this roll still sells for a couple hundred dollars since there are no mint sets to cannibilize for the coin. While the bicentennial quarter was horded in large numbers and the average quality was good, the gems are nearly as scarce for this coin as the others of the era. This gives some insight into how difficult gems of some of these are. Little has really changed in recent years except that now it's largely marking keeping coins out of gem status rather than strike and marking.
I would gladly buy a mint bu roll of Bicentennial quarters as well as other mint rolls from the 60s-90s. It really makes me T-O'd that the local coin stores around here never have them and on ebay you gotta pay the high shipping. I actually saved the high end coins from the 60s-90s that I found when I did alot of roll searching last year.
