Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Cleaned coin detection.
>
Reply to Thread
Message:
<p>[QUOTE="johnmilton, post: 3448962, member: 101855"]You can find some of the same thing in U.S. Lincoln Memorial Cents.</p><p><br /></p><p>Back in the early 1960s, rolls of BU coins were all the rage. Historically dealers had set coins aside for future sales. They paid face value for them or very close to it. Over the years they sold the coins as singles, sometimes for excellet mark-ups. This is how most of the BU modern coins we collect today ended up getting saved.</p><p><br /></p><p>People began see that their might be money to be made by saving rolls, so a big market wave got started. The trouble is when many, many coins are saved, you end up with an over supply, and the price drops like a stone.</p><p><br /></p><p>I can remember club auctions where people would put up rolls of cents from the 1960s, and you couldn't get a bid for more than face value.</p><p><br /></p><p>There was money to be made on pre-1965 silver coins because of their bullion content. Even today a roll of 1964 Kennedy half dollars isn't worth much more than the junk silver price.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 3448962, member: 101855"]You can find some of the same thing in U.S. Lincoln Memorial Cents. Back in the early 1960s, rolls of BU coins were all the rage. Historically dealers had set coins aside for future sales. They paid face value for them or very close to it. Over the years they sold the coins as singles, sometimes for excellet mark-ups. This is how most of the BU modern coins we collect today ended up getting saved. People began see that their might be money to be made by saving rolls, so a big market wave got started. The trouble is when many, many coins are saved, you end up with an over supply, and the price drops like a stone. I can remember club auctions where people would put up rolls of cents from the 1960s, and you couldn't get a bid for more than face value. There was money to be made on pre-1965 silver coins because of their bullion content. Even today a roll of 1964 Kennedy half dollars isn't worth much more than the junk silver price.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Cleaned coin detection.
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...