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I'm starting to come to the conclusion that US coin values are inflated..
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<p>[QUOTE="desertgem, post: 1765363, member: 15199"]In Q. David Bower's book 'Abe Kosoff : Dean of Numismatics' he quotes Mr Kosoff as saying</p><p> </p><p>" In the 1950s, a man came in with a roll of uncirculated 1909-SVDB cents and we bought it for $250 or $5 a coin. Shortly afterwards he came in again with another 2 or 3 rolls and we purchased those also. [ paraphrased by me. The seller was very secretive, only would take cash, didn't want to be called or written to. he would keep coming back and selling and eventually the price went up to 5.50 and then $6 each and Kosoff was accumulating too many to sell wholesale or retail, so when he came in and wanted $6.50 a coin, Kosoff said no, and the man left. They kept expecting him to return but he never did. They eventually tried to contact him, but the address and phone were fictitious.] Abe then said "That's Life". pg. 150-151</p><p> </p><p>Abe also implied he felt it was part of the 800 roll hoard that was rumored to exist. at that time.</p><p> </p><p>Just because they were rumored in rolls, as Doug mentioned, bags were commonly used for banks and merchants. The rolls of the '50s could have been hand rolled from a bag(s) of 5000.[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 1765363, member: 15199"]In Q. David Bower's book 'Abe Kosoff : Dean of Numismatics' he quotes Mr Kosoff as saying " In the 1950s, a man came in with a roll of uncirculated 1909-SVDB cents and we bought it for $250 or $5 a coin. Shortly afterwards he came in again with another 2 or 3 rolls and we purchased those also. [ paraphrased by me. The seller was very secretive, only would take cash, didn't want to be called or written to. he would keep coming back and selling and eventually the price went up to 5.50 and then $6 each and Kosoff was accumulating too many to sell wholesale or retail, so when he came in and wanted $6.50 a coin, Kosoff said no, and the man left. They kept expecting him to return but he never did. They eventually tried to contact him, but the address and phone were fictitious.] Abe then said "That's Life". pg. 150-151 Abe also implied he felt it was part of the 800 roll hoard that was rumored to exist. at that time. Just because they were rumored in rolls, as Doug mentioned, bags were commonly used for banks and merchants. The rolls of the '50s could have been hand rolled from a bag(s) of 5000.[/QUOTE]
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I'm starting to come to the conclusion that US coin values are inflated..
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