Say you are at the bank and they have brand new rolls of say 2004-P pennies. You decide to get 10 rolls. Now is it smarter to leave the rolls intact, unopened for future value, or would it be wise to open them and look for errors? I have a bunch of differant kinds of brand new rolls from the Fed but don't know if it is a good idea to open them to look for errors or not. What would you do? Peace out!
I'd probably put one in a 2x2 for my collection, then give some away to new collectors who are interested in the Lincoln Memorial series, then cash in the rest. Keep it real, dawg.
jeeze r u sure the whole role is the same thing because i got rolls of pennies and it turned out 50 to 75% were new 2005s. If they are whole id keep them together and put the whole role (while wrapped in paper) into a plastic tube
I'm talking about entire rolls of brand new coin, like 40 brand new buffalo nickels still in thw roll. Is it wise to open then and look for errors or keep the roll intact.
well i wouldnt know if that kind of rolls (wrapping) would be worth anything because its really not that special and i would actually keep them all. I would wait to see what other CT members post but for now put the whole rolls in tubes and if you decide to brake them, protect them
When they released the California quarter here in Sacramento, they had the director of the Mint signing rolls of quarters. I think those might be worth something someday. And maybe Mint wrapped rolls might be worth something someday. But 'ordinanry' bank wrapped rolls are just that, IMHO.
You guys are totally missing my point. Is it smarter to keep gem BU rolls unopened or open them up and look for errors?
From what I have seen on Ebay, rolls like state quarters are selling for 3 or 4x face because of the possibility of errors. Like the Wisconsin quarter. The Bison rolls from the mint are also selling at 3x face because of the potential of errors. I haven't seen bu rolls of 2005 Roosevelt dimes selling 3x face, or pennies or regular nickels. IMO, from watching Ebay, saving gem bu rolls of pennies, regular nickels, or dimes will not benefit much from being unopened from the mint. Even with those special coins with error potential, 2 or 3 error coins get waayyyy more than an unopened roll. But who know what it will be in 20 years. The special coins like the statehood quarters and bisons, I would keep as an "unsearched roll". BUT there is no telling how long the hype will last and keep the value inflated. That is MY OPINION, from dozens of hours watching roll prices on Ebay. I live such a sad life that when I am bored, I watch Ebay. Lately, I have been watching Bison and Statehood Quarters to determine my own answer to the very question you asked. But I am FAR FROM AN EXPERT!! ymmv
Nick - there's no way to really answer your question as the answer depends on too many variables. First of all - what do you intend to do with the coins ? Do you wish to sell them now or very soon - or wait a few years ? Or do you intend to keep them for your own collection ? Also - the value of the unopened rolls is known right now - but what they will be worth a month, a year or 5 years from now is anybody's guess. And if you open the rolls and search them - what if you don't find any errors ? Then the rolls are just loose coins worth face value only unless you find some high grade examples. Do you see what I mean ? It's a gamble either way - for you do not know what you will find inside if you open them - and you won't know what you might have found if you don't open them. So the only way to answer your question would be to open the rolls and search them - and then it's too late if you don't find anything.
