I would not normally look at or buy rolls. But, these 2 caught my eye saying "Flying Eagle cents". So, I took gamble. Both rolls had 1 Flying Eagle. One badly damaged one good. The 3 cent nickle is probably worth something and will upgrade what I have in my Type set. And there is a 1931-S. I need to learn more about cent grading to know its worth and all the others. I feel I got lucky at that and will not be jumping into roll bidding. http://www.e-regis.com/coins/penny.jpg What do you think about this $180 buy??
If you want a good deal on rolls, go to the Golden Corral. They will give you 6 rolls to take home, FREE! Chris
I'll have to assume you bid or purchased a "made up" roll where the dealer placed one supposedly good coin on each end as teasers to get you to bid up on these. Personally I would never buy these as most of the rest of the roll consists of common coins. A Flying Eagle in good is around $25.00, a 1931S Lincoln in good around $60.00, a 3 cent nickel around $15.00. The damaged Flying Eagle you got is only good as a type coin so let's say, $7.00. You are now up to $107.00 best case scenario. Factor in the rest of the roll, grade them and see what you have. You may have broken even if all the coins grade out well. If not then you may have overpaid.
As long as they only show the end coins, they can wait until after the ending bid to decide what to put in as the middle coins. Their gig is to fill in coins to make a healthy profit and keep you coming back for more rolls with less value each time each time and maybe a good roll every once in a while. The business model of drug dealers.
These type of things are borderline scams, they put attractive coins on the end and junk in the middle. I'd say buying these you will rarely, if ever, come out ahead.
I hate to say it, but I don't feel that you did very well at all. I'm at about $85 for the collection. As a general rule, never purchase coins unless you know what you are bidding on. Do those sellers actually think that people actually believe that there just happen to silver dimes and flying eagles cents randomly mixed together in rolls and weren't planted there?
Unfortunatly yes, they do believe that as they prey on newbies and the otherwise uninformed. Sad but true.
They assume the wrappers are original as they don't know about wrapping devices and the availability of 'counterfeit' printed artificially aged paper wrappers on Ali.
