A Collection of Uncirculated Rolls of 1982 and 1983 Coins

Discussion in 'US Coins Forum' started by Mark Metzger, Sep 19, 2020.

  1. Mark Metzger

    Mark Metzger Well-Known Member

    Good morning folks.
    As part of a recent estate collection I just purchased, I am now the owner of several rolls of uncirculated 1982 and 1983 coins. Some of the rolls are bank wrapped, some have dealer provenance, some are just in tubes. So my question is this: should I open and investigate them looking for truly high grade examples or should I leave them intact as they are. Some of the nickel tubes are open but the quarter tubes and half tubes are tightly taped.
    They don’t fit with my collection so I intent to move them along, either thru the for sale forum here of thru eBay, but was seeking input on the best way to optimize my ROI.
    I fully understand these coins are tougher to come across in UNC condition because there were no mint sets produced in ‘82 and ‘83.
    2D8D4383-14CC-4832-AC8E-E694656FD868.jpeg 9E0FAA3C-2129-4C30-85B7-74DE248BC023.jpeg 41DC2260-ABFA-47B4-BC37-AEC8CA9E2F12.jpeg BA76E2E9-247D-455A-8783-DA887C3EAAB2.jpeg 329D1A71-9A82-4FEA-A323-06C9CB95121A.jpeg 97BEE1A1-7BE6-4181-AD93-FCF20F1B41C5.jpeg 1FDC8994-C231-4D54-8591-7E9DB7C773A3.jpeg E9339061-3CE2-43B3-B0EA-205B5DD3A71C.jpeg
     
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  3. Paddy54

    Paddy54 Variety Collector

    I see tubes and rolls of face value only!... either in rolls or broken open.
    Unless you find someone who thinks there maybe varieties, the nickels most probably have been searched, as they are in tubes.
    And those years as a variety collector are mimimal varieties nothing to write home about.
    The 82 P tube looks to be an older tube that most probably has pvc in the plastic.
     
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  4. -jeffB

    -jeffB Greshams LEO Supporter

    If you come across actual uncirculated rolls from 1982-1983, I'll gladly give you double FV for them -- and then flip them for a multiple of that on eBay.

    As far as opening the "tightly taped" rolls, I assume they were "tightly taped" by the last person who searched them for high-quality examples. None of these are in any kind of "original packaging". I'd take a look.
     
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  5. Beefer518

    Beefer518 Well-Known Member

    Just curious OP, how much in face value did the original purchaser pay $546 for?

    I see no better than face value for this lot. If one were extraordinarily fortunate, they may pull out an MS70, but that is so doubtful. What we're seeing looks like common coins worth face.
     
  6. -jeffB

    -jeffB Greshams LEO Supporter

    Everybody who's saying "face value", please look at value listings for MS 1982-1983 business strike coins, and at completed eBay auctions for rolls from those dates.

    There were no mint sets issued in 1982 or 1983. Uncirculated examples are hard to come by, and command a premium, even in lower MS.
     
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  7. goossen

    goossen Senior Member

    The market value is what matters, and this is not always determined by catalogs or not even by people who know (experts), but rather by what a certain amount of people is willing to pay.
     
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  8. whopper64

    whopper64 Active Member

    Unless I miss my guess, this Hamilton Bank is located in Los Angeles (310) telephone area code. Can't believe all have not been searched, although some of the wrappers appear to be older than others. Crap shoot.
     
  9. -jeffB

    -jeffB Greshams LEO Supporter

    Thing is, the previous purchaser has already paid the big speculative premium on these. Since he couldn't take them with him, OP gets to check them at little or no risk.
     
  10. Mountain Man

    Mountain Man Well-Known Member

    In my opinion, rolls that are labeled have not only been gone through, but usually done by a collector, so unless new "errors" have been discovered recently, I think it's a safe bet that they are not worth going through. I'd sell them as is. But that's just me.
     
    Beefer518 likes this.
  11. Mr.Q

    Mr.Q Well-Known Member

    You have nothing to lose. Open them, look them over, put them back and sell them! My opinion only. Good luck.
     
  12. mynamespat

    mynamespat Dingus

    I'd give the 1982 halves a look over for the 'no fg' variety. If that roll is in relatively high grade, look thru the rest as well for any gems.
     
  13. mynamespat

    mynamespat Dingus

    ...I thought about it for another moment. I I'd just go thru them all.

    If selling them on ebay, I would rather know I am selling an actual roll of uncirculated coins.
     
  14. cladking

    cladking Coin Collector

    Indeed!!!

    '82-P quarters often go for far more than Redbook on eBay.

    Dealer wholesale on the '83-P roll is $550.
     
  15. cladking

    cladking Coin Collector

    The coins on that invoice now total $1615.

    That's what dealers pay.

    Don't expect that at your corner coin shop though since they might tell you to just spend them.

    By the by. The '83-D dimes look nice but they always do so no premium. The '82-P quarters look like they might have some valuable coins in the roll. The '83-P roll might bring a premium as well.

    I'm guessing you got them at a pretty good price.
     
  16. Paddy54

    Paddy54 Variety Collector

    Jeff you can say look at the book value try getting it.I paid off a car with uncirculated Jefferson nickels bags of them......I get bags all the time....dad worked for the fed.
    I search but wasn't good of taking them back to the bank.
    When I got married ,my parents made me come get all the bags.
    So I paid off the car.
    I gave John 45 slabed proofs not 2 months ago , not 1 sold ....registery grades nada, not his fault no market for them....at all.
    The book may say X amount but try getting.....that amount. And if someone wants them dump'em asap.
    I probably have a few boxes of nickels rolls up staris now in fact I know I do.....to lazy to take to the bank.
     
    Mainebill likes this.
  17. Beefer518

    Beefer518 Well-Known Member

    Call me old fashioned, but I can never fathom the idea that common, currently circulating coins with mintages of over half a billion could ever be considered worthy of a premium. Not saying they aren't, just makes no sense to me.
     
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  18. cladking

    cladking Coin Collector

    This gets to the very heart of the reason that they are valuable. Nobody could believe these were desirable in '82/3 either so nobody bothered to save them. Today the most dealers are out of stock on all of these coins but it matters little because buyers think they are common and undesirable so they buy something else instead.

    Meanwhile nice examples of this date sell for far over catalog prices because Redbook thinks coins made in the billions can't be worthy of a premium. Of the few collectors who seek these "common" coins many are unwilling to pay far over catalkog so it matters not that dealers are out of stock.
     
    NOS and -jeffB like this.
  19. -jeffB

    -jeffB Greshams LEO Supporter

    See the two posts immediately preceding yours.

    I don't collect these, so I don't have my own opinion about their value. All I know is what I see in price guides, and what's sold on eBay.

    If I can buy a roll for face value, and then sell it for several times that in an auction or at a storefront... I don't CARE what it's "really worth". I only know that I'm not going to turn around and sell it for face value.
     
  20. Mark Metzger

    Mark Metzger Well-Known Member

    So I decided to list the coins on eBay and see why I could get. I then decided to pull a couple of the listings down, crack open the tubes and take a few photos of the coins so buyers would have a better impression of what was inside (didn’t do this to the bank rolls, just the tubes).
    I’ve included some photos below. In the meantime, an eBay buyer contacted me and offered $475 for the roll of 82p quarters...so that’s nice.
    C739E9C6-D9EE-4E07-8613-0FF278E65568.jpeg 125A47C0-5F16-4791-9399-26AFAAD5C277.jpeg 3C2A7C33-165C-4CD4-BD9A-28D910D55721.jpeg 8CE65CE0-C7D0-4D2A-95AC-8978FC212DD1.jpeg 10AD212E-F160-4BC7-A93A-5AF2281E29E5.jpeg 81A8456C-5237-4991-8EB8-DCE23617001B.jpeg 445CCFC5-C40F-41B7-9300-59A389C77BDC.jpeg 1E336B0F-48A1-48EA-B09C-EB4043388ACA.jpeg 76B23CD9-78F6-4633-8A73-6771E7F41174.jpeg EB518CD7-1286-40EB-87E0-AFF33913F777.jpeg
     
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  21. -jeffB

    -jeffB Greshams LEO Supporter

    Nah, spend them. :rolleyes:

    @cladking, any further opinions on value based on these photos?
     
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