Why buy GW $1 Roll from the mint?

Discussion in 'US Coins Forum' started by alhas, Mar 12, 2007.

  1. alhas

    alhas Senior Member

    Why pay $35.95 + shipping to the mint for a roll of GW $1 when you can get them for $25 at a local bank? I bought two rolls and many more are available at the local bank.

    What is the major difference besides the packaging?

    Thanks!
     
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  3. vipergts2

    vipergts2 Jester in hobby of kings

    No Diff

    The only difference I know is in the wrapper. The only reason I see to buy from the mint is to get a roll of coins with the mint mark you can't get in your area. You also have the option of ebay for the other mint marks, which can be cheaper.
     
  4. shatsi

    shatsi Senior Member

    The only reason I buy them from the mint is because they're not available in the banks around me. I've tried HSBC, CitiBank, Norfolk. No one has them.
     
  5. TommyNumis

    TommyNumis New Member

    Coins in rolls from the mint are supposedly in better condition then those found in bank rolls. Coins destined for banks are shipped to the Federal Reserve banks from the mint in 100,000 coins sacks (the size of a VW bug). In those bags the coins often get lot's of dings and scratches. The mint rolls however are rolled directly from the mint before being shipped in bags, thus, are in better condition.

    That being said, your basically paying for a fancy wrapper which tends to resell better on eBay.
     
  6. 09S-V.D.B

    09S-V.D.B Coin Hoarder

    Correct - the wrapper is the only difference.
     
  7. bruce 1947

    bruce 1947 Support Or Troops

    Sorry but the mint does not roll coins , all coin come from a outside contractor so they are in the same condition as bank rolls you are just paying more money for the wrapper.

    Bruce.
     
  8. Philly Dog

    Philly Dog Coin Collector


    You are correct. The Mint in Philly is about 200 yards away from the Federal Reserve. Even that close they will get nicked up
    Link to Fed
    http://www.frbservices.org/Cash/comcoin/philadelphia.html
     
  9. TommyNumis

    TommyNumis New Member


    That's not what I read. Numismatic News did a article about this back when the State quarter program started, anyone have NN issues from '99? I'll see if I can dig up the article.
     
  10. Cloudsweeper99

    Cloudsweeper99 Treasure Hunter

    My bank told me on Saturday that they have no plans to order any Washington dollars. The branch manager said it's just another Sacagawea disaster.
     
  11. bruce 1947

    bruce 1947 Support Or Troops

    Tommy go here for more info hope this helps

    Bruce.
     
  12. smullen

    smullen Coin Hoarder

    That statment there is why...

    Some people (not all) collect mint rolls and will pay more for a mint wrappered roll than a bank or service roll...


    Just look on ebay or sites that sell both and see what is fetching more....
     
  13. GDJMSP

    GDJMSP Numismatist Moderator


    Bruce was correct, all coins are shipped from the mint in bags. The mint does not roll any coins - never has. And the bags of dollars, have a 140,000 coins in them.
     
  14. bruce 1947

    bruce 1947 Support Or Troops

    Tommy.
    here is one more thing about this great site GDJMSP or as we know him as Doug has worked very hard to give us links to just about anything you wont to know about all coins. His hard work and dedication to cointalk has been a benefit to all of us here. If you have a question just do a search at the top of the page or come here to the forum there is always someone that can help good luck.

    Bruce.
     
  15. Rono

    Rono Senior Member

    Howdy,

    I ordered a set from the mint for the wrapper (stash), but bought a roll from my local dealer for $29.95 for spending around town.

    I'm checking the banks. Seems my credit union had some but they disappeared quickly.

    I don't have a problem with paying $30 for 25 if that's what it takes.

    The deal is to spend them and get them in circulation.

    peace,

    rono
     
  16. silver surfer

    silver surfer Senior Member

    It looks like Bank wrapped rolls are selling on E-bay and various internet dealers for roughly the same premium
    as the rolls with the mint wrapper.
    I bought a roll today from the B of A , limit of 1 roll per customer.
     
  17. line_grade

    line_grade Member

    Not available in any bank in my area. If you go out of area, you need an account at the bank. The nearest back to me that has them is 32 miles away, that's a 64 mile turn around and an hour in time if you're lucky. MMMMMMMM........let's see.....gas is $2.45 per gallon as of today, one of my suburbans gets 18 miles per gallon, the other gets 10. An averaged of 14 miles per gallon......yada...yada...yada....
     
  18. wvrick

    wvrick Senior Member

    there seams to be pleanty in morgantown wv .i have been to four banks and they all asked me if i wanted any .that is (p) only no (d) yet execpt at coin shop
     
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