3,400 + Rolls Uncirc. Silver

We have the following Rolls of uncirculated silver coins - can someone give us an idea as to value?
Thanks! UNCIRCULATED ROLLS - QUARTERS
83 ROLLS 1953-D
99 ROLLS 1956

UNCIRCULATED ROLLS - DIMES
151 ROLLS 1946-D
55 ROLLS 1947-P
167 ROLLS 1947-D
71 ROLLS 1951-P
68 ROLLS 1952-D
92 ROLLS 1953-P
200 ROLLS 1953-D
583 ROLLS 1954-P
727 ROLLS 1954-D
863 ROLLS 1957-P
23 ROLLS 1949-D
137 ROLLS 1952-D
65 ROLLS 1953-D
10 ROLLS 1954-P
6 ROLLS 1947-P
69 ROLLS 1951-P
total of 182 rolls of quarters @$10 face, and 3287 rolls of 10c @$5 face for
a total of $18255 in face value.

 

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Here's the info I have. It is of course an estimate.
Prices are per roll.

Quarters:
1953-D @ $240
1956 @ $260

Dimes:
1946-D @ $85
1947-P @ $160
1947-D @ $230
1949-D @ $465
1951-P @ $60
1952-D @ $65
1953-P @ $110
1953-D @ $110
1954-P @ $48
1954-D @ $44
1957-P @ $34

 

3,400+ Rolls Uncirculated silver

Jody -
Thanks so much for your kind assistance! We have no value guides and, therefore, have had no idea as to values.

 

3,400+ Uncirculated Rolls

We are interested in hearing from anyone else with opinions re: value; however, these rolls are NOT for sale nor are we attempting to solicit any offers. In fact, we are not, and will not, consider any offers. These roools are an investment and we are curious to hear from knowledgable and experienced persons as to their opinions re: the current, as well as speculations re: future, value and possibilities.

We greatly appreciate any and all assistance and/or opinions.
Thanks to all.

 

Well the values that Jody provided are retail values, and are current. As far as continued value it will depend upon the condition of each coin. As they are all silver, there will always be an intrinsic value based upon their silver content. You stated that these coins are uncirculated. If they are in the original rolls, they would have a value above put together rolls. There are too many variables that effect the price of coins to be accurately explained in this forum. All prices are reflective upon the condition or preservation of the coin in question. Silver is a metal that is easily effected by its handling and environment. For future value, be sure to keep the coins in a safe environment. Keep them away from tempature fluxuations and humidity. Do not handle the coins with bare hands. While the dates that you have presented are not exceptional in and of themselves, the fact that they are in rolls helps. This will ensure their value to a point. As a rule, dealers do not buy rolls sight unseen. We (dealers) will open each roll to examine each coin, and a price would be determined from that standpoint. Also to take into consideration, dealers do not pay retail prices found in the price guides. Most of us use a dealers guide commonly referred to as the greysheet. With most coins, the price will change on a pretty regular basis, so the price may go up or down. There is just no way to predict future prices.

 

Are you certain these are UNCIRCULATED rolls? Are they in the original vintage paper rolls? Or do you just have solid date rolls? There is a huge difference in value if these coins have been circulated or handled.

p.s. By solid date roll I mean a roll of one date. i.e. 40 quarters from 1964, etc.

 

3,400+ uncirculated rolls

Thanks for the replies and information. Yes, these are uncirculated and have NEVER been touched. They were purchased in the 40's
and 50's in original wrappers and put immediately into vault boxes. They are as they were when put into vault boxes. There are a lot more rolls just like these. The other rolls date from about 1921-1943. Those rolls are dimes, quarters, half-dollars, and dollars. The other rolls amount to about $70,000 Face Value. We are in the process of beginning to inventory those rolls. They, too, are uncirculated rolls placed directly into vault boxes and have been touched nor seen the light of day since they were placed in the vault boxes. These were purchased as there was not much confidence - at that time by the family - in the banks holding the money - they wanted to keep it locked securely away and in their own control.

Thanks for your kind assistance!

 

You're very welcome.

 

Chances are there is a tremendous amount of edge toning, extending toward the middle of the coins, and perhaps covering the whole coins. The ones at the ends of the rolls may even have some "lines" in the toning where the folded wrappers didn't quite touch some spots. There was a lot of sulpher in the paper used for coin wrappers at that time.

Especially if they are mint wrappers as opposed to original bank wrappers, opening them to look at the toning might be like opening a valuable old wine bottle!

 

3,400+ Uncirculated Rolls

Jody: I have a serious question. I am NOT soliciting offers on these rolls. That said, when they are sold, will the large number of rolls with individual dates and mint markings have an impact on the value received? I.e., the approximate retail is around $290,00.00. Current Greysheet bid is about $202,000 with a buy at about $225,000. However, I am concerned that, due to the very large numbers of same date/mint-mark Rolls, that the Greysheet may not be an accurate guide. Is this an accurate assessment, or does it not really matter that there are so many rolls of the same date/mark?

I would also appreciate hearing from anyone else who has experienced ideas and opinions.

Thanks again to all!

 

3,400+ uncirculated rolls

Dear Satootoko:

Thank you for taking the time to respond and supplying the information on these rolls and possible oxidation. We have - with white archival quality gloves - opened about 10 completely randon rolls to check for this. None of the 1o rolls sampled exhibit any signs of oxidation. These rolls were immediately resealed in their original wrappers - using archival materials - and then placed in air-tight archival storage bags. I don't know if 10 is an adequate number for a sampling. What is your opinion/idea? Is there anything else that can be done to safely check on this?
Thank you.

 

Just in general terms...you can buy BU rolls at any coin shop or show at greysheet bid or less. There are execptions, of course. Decades ago when BU roll collecting was hot these rolls carried huge premiums but not so much anymore.
Now, with that said...one thing that is hot these days (among other things) are high grade singles...particularly coins from the 30's-40's. So people who buy these from you might search the rolls for high quality uncs and have them certified.

In one of your posts you mentioned these rolls were "purchased" in the 40's and 50's. I'm curious. Were they purchased from coin dealers at the time? You call the wrappers original, but I think coins were issued from the mint in bags, not rolls. Someone, somewhere, sometime had to put them into rolls. Can you post some photos of the rolls/wrappers?

Nick

 

acmebook,
Greysheet bid is an average price for what dealers are offering to pay for coins now. One dealer might offer a little more, another might offer a little less.
You can usually realize higher prices by marketing your coins to collectors, but you have to factor in the time and expence of going that route.
You might want to consider checking with several different dealers, to see what they will offer you, before selling to one for less than Greysheet bid.
JMHO
Jody

 

Agreed Jody. Anyone selling coins should always shop around to different dealers.

 

I also agree with Jody. Not that it shocks me. He is a wealth of information. Everyone should remember that the greysheet is just a guide. It is a tool that dealers use in determining values for a specific coin or coins. These prices are not set in stone. A lot of the price is determined on whether we (dealers) have a need for the product, or the ability to sell the product in a given time. Coin rolls have had a roller coster ride over the past years. In the past, many collectors bought and saved rolls because they were readily available and very easy to sell this way.
The only constant in this hobby - business is that change happens. The trends in this hobby are always moving in different directions. Now the market leans towards more modern coins in very high grades. This to will change. Many of the early rolls that you have in your possession are not easily obtained. This reflects their current values. If and when the time comes that you choose to sell any or all of these rolls, careful planning will be needed. Many larger dealers will jump on the offer to buy these coins. Their buy prices will be dependent on what they can do with the coins. If they have the ability to liquidate the coins one by one, their buy price will be higher. There are a lot of factors that go into the process of buying and selling coins. Knowledge and patience will be the difference.

 

Nick:
They were purchased directly from the bank in rolls. They were then placed immediatley into vault boxes. No coins were ever purchased from any dealers....always the banks and then directly into vault boxes. As some years went by and archival tubes became available, some rolls were transferred to tubes to prevent toning as much as possible. When I next get to the vault, I will try to take some photos.
Thanks for your reply!

 

National Dealer:

Thanks for the information; I appreciate your experience and readily see the relevance in your information. I have an additional question. When I do decide to sell this grouping of 3,400+ Rolls, can you suggest ideas on how to best do so? We would rather not auction these but, rather, hope to find an individual - or group of individuals - who are willing and able to negotiate a fair price and have the resources to be able to do so. How does one approach selling this quantity of uncirculated rolls effectively? Having never sold anything like this, are there specific proceedures and/or numistatic etiquette of which we should be aware? If so, what would they be? What/where is a good format/forum in which to offer these rolls?

We have many questions; however, I assure you all your experiences, ideas, and thoughts are GREATLY appreciated!

 

Jody:
Thank you for your thoughtful response; I always enjoy reviewing the replys you post to this thread. I look forward to more.
Thanks again!

 

GDJMSP:

Thank you for taking the time to share your thoughts with us. I appreciate the information. One thing is certianly true, I am the responsible party here...I do have to decide what to do and how to do it.
Whatever the outcome, the results - good or not so good - are, indeed, mine to accept and own. The information and experiences shared with us do help enormously. We take time to review and ruminate thoroughly recognizing and appreciating that these insights came after many years of some very hard work and considerable, consistent, efforts.

Thank you!