60 rolls of uncirc pres dollars

Discussion in 'Coin Roll Hunting' started by DollarNewbie, Mar 9, 2021.

  1. DollarNewbie

    DollarNewbie New Member

    I was at a bank out of town on vacation. Went in just on a fluke. I was able to buy 60 rolls of presidential dollar coins from the mint, they all have the president's name on the sealed rolls, lots of duplicates but just presidents 3-20. The end coins look amazing. I already have enough in my collection. How is it best to sell these? I see they are sold in rolls and individually. I see lots of auction sites have them listed, but there are fees to list, fees to ship, so not sure if that would generate any profit. I will post a pic of one box. I don't think I can sell on here but thought I could get advice.
    Thanks for listening.

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  3. hotwheelsearl

    hotwheelsearl Well-Known Member

    Unless you've got something REALLY nice, these are pretty much face value.
  4. masterswimmer

    masterswimmer A Caretaker, can't take it with me

    As you just did yourself, convert cash for these Presidential Dollar rolls, so can and do others. They aren't difficult to come by. Maybe in the quantity you picked up it could be tougher, but they are out there. Not sure why they'd fetch a premium unless they were searched, submitted to a TPG and came back 68 and better.

    JMO, good luck
    thomas mozzillo likes this.
  5. SensibleSal66

    SensibleSal66 U.S Casual Collector / Error Collector

    Wow ! Bold purchase , That's a lot of cash . You can open your own Casino . :hilarious:
    spirityoda likes this.
  6. masterswimmer

    masterswimmer A Caretaker, can't take it with me

    Why bold? All he did was convert one form of currency/coin for another form. Not like he paid any premium. He can still dump them back at any bank and get his money back to its original form. No risk involved.
  7. SensibleSal66

    SensibleSal66 U.S Casual Collector / Error Collector

    cropped-letting-go-open-hands.jpg Why ? In my opinion a waste of time . I would rather search denominations that have a chance for Silver or an actual Error .:lock:
    spirityoda and masterswimmer like this.
  8. hotwheelsearl

    hotwheelsearl Well-Known Member

    The only place that can sell these for more than face value is Littleton, and half the time they DO sell them for face value.
    JeffC likes this.
  9. Pickin and Grinin

    Pickin and Grinin Well-Known Member

    These aren't directly from the mint, they went thru a sorting facility, looks like Loomis. These dollars are rarely searched. Lay them out and pick the highest quality coins from them and start an album.
    The only value in them at this time is the high end coins 66 and above. Hopefully you have some stunners in there.
    Good luck.
    spirityoda likes this.
  10. Oldhoopster

    Oldhoopster Member of the ANA since 1982

    If you work hard and get lucky, you might find a buyer that will give you a small premium ($1 or so) . But, IMO it's not worth the trouble, especially if you have to ship them

    I agree with the others here. Save the nicest ones for an album, search for the usual errors, and deposit them back at the bank. Don't forget to look for missing edge lettering.
  11. John Burgess

    John Burgess Well-Known Member

    I've got to disagree. no, they are not from the mint that is correct, but from 2007-2011 the Federal Reserve distributed them to the banks without a middle man, and banks could order the design they wanted for their customers. this predates the changeover to armored carrier contracted services that follows after 2011 where the fed steps out and just conducts oversight now where you can't order what you want anymore.

    The mint rolls below, they started in this wrapper, around 2012 or so they switched to all black and white wrappers:
    dollar roll mint issue.PNG
    Capture newer color wrapper.PNG

    below The Federal Reserve rolls, same type of color pattern but doesn't tell you the mint just the president on them, but printed NF String & Son wrappers.
    Dollar roll fed issue.PNG

    Re-rolls or armored carrier rolls won't have president info on them and won't have red white and blue.

    The ones in the picture from the OP are original federal reserve distribution rolls to the banks. most rolls will sell around $35 each including the shipping on ebay, a couple of them selling for $40-$60 these are usually the 2012-2016 president rolls which were low mintage barely breaking 8-10 million between P+D combined. in 2012 there was a serious drop in the mintage and I think after 2011 they stopped distributing to the banks with the fed. so it was just done for the mint sets and mint direct rolls. I don't think any of your wrappers are the low mintage ones. so likely $35 a roll top end.... I think it's a good buy, you aren't out anything at all. you paid $1500, you can cash them in for $1500. You could probably sell them in 5 or 10 roll lots for $175 or $350 each and make $600 off it minus the 6 shippings and fees and yada yada if you wanted to (the costs/fees eat away at that of course). Lincoln was popular, there's likely a premium to a roll or coin of him if theres 2010 in there. But still....

    You still have errors to look for in those rolls so before you dig go read up.
    There's no edge lettering, edge lettered twice, edge lettered and unstruck,
    NGC authenticated a 2009 D Zachary Taylor Presidential $1 coin with the date 2010 D on its edge. The finder said it was in his 2010 D sac roll from the mint. The theory is it fell behind in the bin and got mixed in and lettered with the sac dollars the next year.
    Who knows maybe a presidential dollar/sac dollar mule in there.

    I wouldn't bother trying to sell them personally, it's such a hassle and paypay/ebay/shipping companies all taking a cut chipping away at what little profit you can make. you'd wind up with a couple hundred bucks for your effort tops and the amount of time taken, I'm not sure it's worth tying up the $1500 for it. if it were me, i'd probably just search and dump and get my $1500 back minus what I wanted to keep for myself.

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