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<p>[QUOTE="Troodon, post: 210749, member: 4626"]The coins are wrapped by machine, not by hand, and thus there's no preferred way of them being wrapped (the coins are put in the wrapper randomly with no preferred orientation.)</p><p><br /></p><p>You have a 25% chance of tails showing at both ends, a 25% chance of heads showing at both ends, and a 50% chance of having tails showing at one end and heads at the other.</p><p><br /></p><p>Also there is not really any such thing as "mint wrapped rolls." The Mint <b>DOES <u>NOT</u> WRAP COINS!</b> Don't mean to yell, but it's a point that deserves special emphasis, because it seems to be a very common misconception that somehow there is a difference between a roll of coins bought from the Mint and a roll of coins you get from any bank, besides the appearance of the paper roll itself. There's not. Coins leave the mint in giant canvas sacks. Private companies then roll them. The only difference between the ones you buy straight from the Mint and those you get from the bank, is the ones you buy from the Mint are rolled by a private company that has a license to use the official Mint logo and graphics. There's abosloutely no guarantee that a roll of coins you buy from the Mint is any better quality than a roll of the same coins you get from the bank (assuming the bank roll is made up of only new coins). There's no reason to prefer one bought from the Mint unless it is just too difficult to find a local bank that bothers to order rolls of that new coin. If you think the wrapper is worth $10, or just can't find a bank that bothers to order the coins, go for it, but otherwise there's no reason to pay more than face value. (I do buy rolls of half dollars directly from the Mint because no banks in my area bother to order new half dollars, and if they have any rolls of half dollars at all, they're usually full of slot machine abuse victims. However I can easily get rolls of uncirculated state quarters as they come out from local banks so I never have to pay more than face value for them. No banks in my area bother to order presidential dollars so my parents buy a roll whenever they come out and give me half the roll after they take out what they want to save. Then I pick the best one for my coin album, and spend the rest.)</p><p><br /></p><p>Didn't mean to rant lol, but it's a pet peeve of mine when people insist that rolls with the Mint's logo are inherently more valuable than a roll with Wells-Fargo's logo; both due to the fact the wrapper itself is worthless, only the coins inside it have value; and coins in wrappers with the Mint's logo receive no special treatment over coins wrapped in any other kind of wrapper (try telling that to people who sell rolls on eBay, lol...). The only justification that makes sense to me to paying the Mint a premium for rolls of coins is that there is no bank within a convenient distance of you that orders rolls of new coins. Else you shouldn't ever have to pay more than $25 for a roll of presidential dollars.[/QUOTE]</p><p><br /></p>
[QUOTE="Troodon, post: 210749, member: 4626"]The coins are wrapped by machine, not by hand, and thus there's no preferred way of them being wrapped (the coins are put in the wrapper randomly with no preferred orientation.) You have a 25% chance of tails showing at both ends, a 25% chance of heads showing at both ends, and a 50% chance of having tails showing at one end and heads at the other. Also there is not really any such thing as "mint wrapped rolls." The Mint [B]DOES [U]NOT[/U] WRAP COINS![/B] Don't mean to yell, but it's a point that deserves special emphasis, because it seems to be a very common misconception that somehow there is a difference between a roll of coins bought from the Mint and a roll of coins you get from any bank, besides the appearance of the paper roll itself. There's not. Coins leave the mint in giant canvas sacks. Private companies then roll them. The only difference between the ones you buy straight from the Mint and those you get from the bank, is the ones you buy from the Mint are rolled by a private company that has a license to use the official Mint logo and graphics. There's abosloutely no guarantee that a roll of coins you buy from the Mint is any better quality than a roll of the same coins you get from the bank (assuming the bank roll is made up of only new coins). There's no reason to prefer one bought from the Mint unless it is just too difficult to find a local bank that bothers to order rolls of that new coin. If you think the wrapper is worth $10, or just can't find a bank that bothers to order the coins, go for it, but otherwise there's no reason to pay more than face value. (I do buy rolls of half dollars directly from the Mint because no banks in my area bother to order new half dollars, and if they have any rolls of half dollars at all, they're usually full of slot machine abuse victims. However I can easily get rolls of uncirculated state quarters as they come out from local banks so I never have to pay more than face value for them. No banks in my area bother to order presidential dollars so my parents buy a roll whenever they come out and give me half the roll after they take out what they want to save. Then I pick the best one for my coin album, and spend the rest.) Didn't mean to rant lol, but it's a pet peeve of mine when people insist that rolls with the Mint's logo are inherently more valuable than a roll with Wells-Fargo's logo; both due to the fact the wrapper itself is worthless, only the coins inside it have value; and coins in wrappers with the Mint's logo receive no special treatment over coins wrapped in any other kind of wrapper (try telling that to people who sell rolls on eBay, lol...). The only justification that makes sense to me to paying the Mint a premium for rolls of coins is that there is no bank within a convenient distance of you that orders rolls of new coins. Else you shouldn't ever have to pay more than $25 for a roll of presidential dollars.[/QUOTE]
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