What do you think about collecting by roll sets? Seems you can get a good value per coin. Get mint rolls. Depending on your age have them for decades if stored correctly and have plenty of sets to go around when your old and ready to part with them. Comments?
I see prices for rolls is there a good place to find unc rolls of them. Thinking of starting say Kennedy Halves...
I have thought about collecting rolls as well but it definitely gets costly! Even though you are getting a better deal per coin, you are buying 20-50 coins at a time. Common dates would be easy but key dates are gonna cost ya. I was eyeballing a roll of 1950 D Nickels on Ebay that went for about $420 I believe. Retail on them is like $12-$20 each and probably all $20 each from a mint roll. So someone got BU coins in a roll for about half price, but had to spend 20X the amount a single BU coin would cost. With a smaller or newer series of coins like the state quarters it wouldn't be to bad but just about impossible with somthing like a washington quarter collection, even kennedy's are going to be a costly collection and you will be missing a roll from 1970 when they were only issued in mint sets... Sorry i'm rambling - Anyway if you can do it, do it!
Well I'm not talking key date yet. Like in cents you can get all those rolls cheap in the memorials and even the first wheats until you get up there in date a bit. Or in rosies, I picked up a 55d roll in Unc this week and that's a low mintage date for $68. If others sell rolls like that a roll set should be fairly cheap and easy with high quality coins. Or am I missing something?
Duke, this is my take, and it's ONLY an opinion, but if you can purchase the coins in rolls, they are generally speaking plentiful and will rarely if ever command a premium in the future unless you are talking about pulling rolls of current coins at face, this would tie up HUGE amounts of your capital, and keep you from buying coins that likely you would really like to own instead. I think that people have moved back toward the hoarding mentality of the 1950s. As a case study, look at prices of coins from the 1950s and forward. VERY few sell for any kind of premium because they are plentiful in high grades. better yet, look at 1950-D Jefferson Nickels. Low mintage, high availability, low price in high grade.
seems too expensive for me. My grandfather is collecting a roll of the new presidential dollars. It would take up alot of space too.
mikenoodle - I was thinking the opposite that if I make sure the rolls look good then I'd have 50 coins to choose from to get the best. Like that roll of 55d dimes. Many look very nice and even a full torch or so. But there are those rolls that even unc will be total garbage spotted lincolns ans such. So as long as your looking at them before you buy they should be better coins I'd think. Ryan625 - At most of these rolls they would be very reasonable. Look at that roll of low mintage dimes they were pretty much melt. Cant get much cheaper then that. Now Cents, Nickles, Dimes would all be not to much for the rolls. The higher demons will cost a bit more as will be early date like pre 1965. I'm just thinking long term I think. Having lots of sets to either give to grandchildren and friends later or be a heck of a inventory for a coin store the cheap way. Do you guys know of any places were there are rolls available?
I've only collected rolls of coins that I thought might have value someday. Thus, I bought some rolls of the 2007 presidential dollars (bank BU rolls), 2009 presidential dollars (mint), 2009 cent rolls (all four from mint), and the 2009 half dollar roll (mint). I think 2009 might be a special year. If not, I've lost virtually nothing.
The problem is this: You just paid for 50 coins and although you may be able to cherry-pick a nice one, what becomes of the rest? If the rolls are in relatively good supply, then you have common coins, and won't be able to get as much as you would for nice coins. So, you win on the one, but lose on most of the rest. That one that you cherry-pick had better be REALLY high grade or to me the strategy sounds like a guaranteed loser.
