What do you do?

Discussion in 'Coin Chat' started by Phoenix21, Nov 21, 2007.

?

What do you do?

  1. Open it up

    83.3%
  2. Sell it

    3.3%
  3. Don't do anything

    13.3%
  1. Phoenix21

    Phoenix21 Well-Known Member

    Speaking hypothetically here, but thought this would make some good discussion. Say you come across a genuine OBW roll of 1955 wheat cents. What do you do? A. Open it up and look for the DDO(s), or B. Sell it as a shotgun roll, and see what you can make of it, or C. Keep it and don't do anything to it?
    Should be hopefully a neat discussion. After you vote just let us know what you voted for and why you chose that.

    Phoenix :cool:
     
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  3. codydude815

    codydude815 Wannabe coin dealer

    Hmmmm...... If you sell it you could make some good money. If you open it, you might not find anything, and not get the hover some odd dollars you could get from it. I say a bird in hand is better than 2 in the bush.
     
  4. coleguy

    coleguy Coin Collector

    I'd open it. I'd rather have the chance of finding a DD than selling it and never knowing, or possibly missing the chance to have one while giving the chance to someone else. That almost sounds selfish, but it kind of defeats the purpose of getting the OBW 55 roll in the first place if you do nothing more than sell it.
    Guy~
     
  5. Indianhead65

    Indianhead65 Well-Known Member

    The suspense would kill me so I'd have to open it. I couldnt deal with selling the roll and letting someone else have a possible chance of finding the DDO. So, I say open it!
     
  6. Cloudsweeper99

    Cloudsweeper99 Treasure Hunter

    I don't like coins I can't see. Open.
     
  7. mark_h

    mark_h Somewhere over the rainbow

    I would open it. Of course I doubt if there are any OBW rolls left of 55. :)
     
  8. cwtokenman

    cwtokenman Coin Hoarder

    I may consider looking at it down the road, but I have too many other things to do before I would get to it. Currently about 40 pounds of tokens have accumulated and are waiting to be identified.
     
  9. Coinlover

    Coinlover The Coin Collector

    i'd open it. it might be a full roll of double dies, and if you don't open it someone else could find them.
     
  10. dreamer94

    dreamer94 Coin Collector

    I answered "open it up" like most of us. As a decision scientist, I realize that this violates the principles of maximizing expected outcome. The chance of a 55 DDO is very, very small; so small, that the profit from selling the roll intact is probably much larger than the profit from a DDO multiplied by the miniscule probability that you'd find one. However, it is consistent with the principle of risk aversion. Most people are unwilling to take a gamble with even a small chance of a very big loss. I think that explains the results of the poll.
     
  11. clembo

    clembo A closed mind is no mind

    You're so right and I haven't even voted yet! I'd open it but it might be years. I'm patient on that aspect.
     
  12. adelv_unegv

    adelv_unegv New Member

    I'd open it right away. All this other stuff aside, in the end it's a choice between money (possibly big bucks) and coins. I'm not a money collector, I'm a coin collector. Yeah, open that puppy. Just like I do with all the rolls I get from the bank.
     
  13. Treashunt

    Treashunt The Other Frank

    OPEN IT!!!!!!!!
    I can't stand the suspense.
     
  14. acanthite

    acanthite ALIIS DIVES

    OPEN! What fun are coins if you can't see them.
     
  15. Pocket Change

    Pocket Change Coin Collector

    Kind of a tuff question because you aren't going to get an OBW roll of 1955's for chump change. So you've already probably invested a fair amount. And chances are pretty good you WON'T find anything. I would only do something like that for the investment value =- so do nothing and wait and see.
     
  16. bqcoins

    bqcoins Olympic Figure Skating Scoring System Expert

    as a roll searcher, the answer is obvious open it
     
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