Bank rolls

If it truly is an original bankroll how would they know the dates? - See image "product details"...

 

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Because that's when they made silver Roosevelt dimes.

 

And a better question: do they really expect to get 21x FV (60% above spot) for rolls of Roosies? These coins do not trade at a high premium.

It's dead easy to get old-looking rolls and a crimping machine. I don't know who this seller is, but I'm already suspicious of them.

 

Yeah but it don't say Roosevelt dimes on the bankroll. How do they know there's not any mercury's in there?

 

That is ampex. I'm thinking that it's supposed to be a premium for an "unsearched bankroll". And not to contradict what you're saying but I heard that rolling machines were expensive. ???

 

That was my first and only thought.

 

"Protect you silver investment by adding a cloth money bag to your order today".....



For the love of God, I can't figure out how folks continue to fall for these schemes.

 

If we're wondering if there are any clad coins, I suppose you could submerge the roll and find the density and see if it's closer to silver or copper-nickel

 

Unless the roll is Tails-Tails you can see the date. These rolls are probably the lowest price generic date / MM roll in the series (64-D?) so bid accordingly. Still if they are true OBW they are worth a little more than if not, but the chances of them being true OBW are quite slim.

 

I may have not been clear with my question. In other words... Shouldn't it be possible for pre 1946 dimes to be in these rolls if they are OBW? Banks do not sort their coins by date.

 

I have been buying, searching, and collecting OBW rolls for more than 30 years, and I have never seen an OBW roll that was not solid date, not a single roll out of thousands of rolls I've searched. Indeed this is one of the hallmarks of original rolls, since they are rolled out of mint bags and thus are practically guaranteed to be solid date.

 

That's why I am confused. You say, "they are rolled out of mint bags". I was under the impression that obw's were circulated coins. Which then closes one door and opens another? Do banks only wrap coins from mint bags?

 

I think it depends.

I've gotten several Numis rolls of single-dated cents, nickels, and quarters.

Then again, sometimes I get Numis rolls of random dates.

Think of it this way:
sometimes you can get a pack of consecutive banknotes - fresh from the treasury. Other times you get a pack of random bills, fresh from the vault.

I'm not sure how to distinguish between the two, or if you're able to request one or the other.

As I understand it, newly printed or minted money gets bagged up, rolled up, or packed into single-date, or consecutive packages. It's got to get into circulation somehow, and the bank's don't mix up the Mint bags.

 

I don't know what's done today, but in the era of these rolls, banks did not deal much with loose circulated coins. Remember, machine rolling of coins was not invented for distribution purposes, but for remission of coins collected by businesses back to the bank. Banks would not count incoming coins, and required coins to be accurately counted and secured in order to accept them. It wasn't until the mid-30's that banks began rolling coins themselves for distribution, and those coins were rolled from new uncirculated coins from mint bags, never from circulation. This means that there are no "OBW" rolls from the era in question which have circulated coins in them.

 

Ill just say this. That appears to be an Apmex ad. If it is, Apmex is a stand-up outfit that I believe would have much more to lose by misrepresenting product than they would have to gain.

 

Late date silver Roosies list for $75, so this is almost 50% premium. That's higher than I would like to pay for generic dates.

 

Nailed it.

The "cloth money bag!!" That's a dead giveaway! Ridiculous scheme.

ah. Hmm...

..Now if the add-on was a bulk deal for some o' those greasy old-lookin' "original paper coin rolls" and some better-quality scratch-n-sniff stickers, I'd pull the trigger.

 

Remember back in the day the banks making you write your name, address and phone number on each and every cent roll that you turned in? I always put in exactly 49 in each and every roll.........and to this day have not heard a word about it. I guess I considered it payment for the royal pain it was putting those paper rolls together.

 

Was it worth keeping that penny for yourself?

Must've been a time when a cent was certainly worth something more than it is now...

 

At 7 years old, when a cent could get you a piece of scrumptious candy back in the day, it kind of was worth it, mlov43. Fortunately, somewhere along the line, I for the most part, shed my fraudulent ways. It was kind of a hassle having to write your name, address, phone number, date of birth, SS number and two verifiable references on every darn penny roll you turned in.