Just for fun I bought a bunch of theoretically unsearched rolls(I knew it would be a money losing event) What I found interesting was that some of the dealers sold me rolls with pristine red bu Indian head cents (I paid a lot for those rolls) and some sold not so good rolls. But here is my question. I had a significant number of rolls that had nothing of value in them but the rolls were listed as unsearched wheat cent rolls and they had 1958 cents. So either the seller had searched the roll or he knew somehow those rolls were specifically rolled in 1958. Same for Indian head cent rolls. There were 1909 Indian head cents so same concept applies. If you look at eBay now there are a lot of rolls being sold with the same description. You could say the seller was just assuming that it was all wheat but there was NO memorial cents in any of the rolls. Some the expensive ones had dates no higher then the low thirties which you would expect from a roll that was old enough to have 4 mint state bright red ihc's but there were the rolls with 1958's that had no memorial cents mixed in. I know enough about statistics to know the odds a roll would have a bu 1958 but only wheat cents that the dealer could claim is all wheat cents is low. Any opinions other then I shouldn't buy rolls or raw coins from eBay?
It's a scam. They roll the rolls themselves and put better date/grade coins on the end to get people to bid more money on them. Big scam. Lots of threads on here about unsearched rolls, they're not real and eBay should can these practices. Sorry you lost money. Welcome to CoinTalk!
I knew I would lose money when I clicked confirm, and I have the money to burn so I didn't care. I just thought it was an interesting thing to talk about. I found 2 1931 s 1c one in a nice high xf-au which I sent in. That roll I bought individually so I feel confident saying some rolls were unsearched, and I bought three rolls one at a time and each had two good ihc's on both ends and I found another 2 in each roll. But my point is not about all rolls being fake it is about the idea you can have 1958 bu Lincoln's yet no memorial's and also be unsearched. How would a dealer know for a fact that their coin roll was wrapped in 1958? None of the eBay pics show a date wrapped except for the moderns. None of the "good" rolls I opened had any Lincoln's past the early thirties.
Please understand that it is not at all difficult to salt a roll only after knowing how much it sells for, and it is a win-win for the seller. If a roll sells low, fill it with trash, but if it sells high, in goes coins of appropriate yet still profitable value. Even if a roll is put together before the sale, the seller knows darn well what's inside value-wise. The point is that you would be better off avoiding such things in the future, and instead simply buying whatever coins you want. Can you post photos of the supposed four "mint state bright red IHCs"?
Order #20769256 / Submission #4895584 Line #Item #Cert #PCGS No.CoinDateDenominationVarietyCountryGrade 112884161124331909-S1CLincolnUSAMS63RB 212884161222321908-S1CUSACounterfeit Suddenly I don't feel so good about my Indian cents i found in the rolls
I'm thinking of starting a new thread: I Love Unsearched Rolls "I love unsearched rolls. They kind of act like a heat sink to draw more money into the hobby that allow me to buy coins like..."
