This is a question a little out of my league, but I make make a plunge with some advise. CDN Greysheet BU roll prices in particular. I have an opportunity to buy some BU rolls of Lincoln wheats. These, I am told, have sat for 45 years unsearched, they are early 40's decade mintmarked. The person has credibility as to the story, but I will not make an offer without seeing them. My question is, what premium would apply, if in my opinion, they are actual bank wrapped rolls, and are original and unopened. What would a honest reputable dealer pay on a walk in, as I want to offer more. There are 11 rolls available to me from a seller that I have had very good history with. These will not be typical Ebay coin tube rolls cherrypicked. THANKS
HUM, I bet your odds of some nice looking coins with no spots to cherry pick are pretty good seeing you live in Dry Heat, AZ
Well Im not too familiar with the climate in CA. But climate, humidity, and storage conditions should prob be a big factor in your decision when buying bank wrapped rolls.
Well Arizona, IF they really are Original Rolls (OBW), then you have to take them year by year and mint by mint. I know I'm not telling you anything new here I think CT members would need to know the YEARS and mint marks of the rolls to guessitmate what you should pay. Personally, I've bought OBW rolls of Memorial Lincolns for about 2x what you would pay for a BU roll. Just to throw this in, I also bought a couple of OBW Jefferson Nickel rolls for $6 each. I don't know what this has to do with your thread, but I just threw it in for FREE!!!! ABSOLUTELY NO CHARGE!!!!
The rolls may be in California but they could have sat in Mississippi for the last 40 years. Personally, I've never felt good about buying rolls. I wanna see what I'm buying.
The rolls are 40-D and 40-S, I know what bid is, 'm wondering about percentage. I have seen some go double, and then again, some go half. In order to get a large collection I will haveto buy it lock stock and barrel, thats what I normally do, but have never encountered rolls before
A dealer will usually offer about 80% of bid on this sort of thing unless he has a customer and then might offer more. Few dealers have good customers for these. I'd suggest buying a roll to spot check. If there are different wrappers buy a roll of each wrapper. You can adjust your bid on the others based on what you see. Pass them if they're tarnished and avoid offerring more than double bid unless you know there are gems. The '40-S comes fairly nice and the '40-D even nicer. Generally stay around 80% of bid and try to buy them if you can. Keep your mouth shut about quality whether they're good or bad. Just say they're good enough for what you need. But don't feel compelled to buy junk at any price. Just suggest there are buyers who'll pay more than you.
I should add that the reason you want to try to buy them even if they aren't up to snuff is that the seller may have other more desirable coins that he'll offer. If you pass on them just because you can't make a lot of money then you'll never see anything else. It's important to sellers to sell or they wouldn't be offering them.
