Rolls bought directly from the mint vs: privately wrapped rolls.

Discussion in 'US Coins Forum' started by anchor1112, Sep 11, 2005.

  1. OldDan

    OldDan 共和党

    Why do you suppose that it is that people we have here on this forum who keep on referring to these as "mint rapped" coins. Surely they know better by now, because if they don't, there isn't any use in telling them any thing.
     
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  3. shatsi

    shatsi Senior Member

    anchor, are you planning on selling them later? Is that why you're buying 50 rolls?

    I agree with lawdogct, so far I've checked hsbc, citibank, dime but no half dollars. And they refused to order anything. None of them have the new nickles. I would love to search halfs, but can't get hold of them.
     
  4. silver surfer

    silver surfer Senior Member

    Same thing here,no personalized service at the Bank or anywhere else for that matter.unless you happen to be buying a new Lexus or some other big
    ticket item.
    I'm envious too
     
  5. anchor1112

    anchor1112 Senior Member

    rolls of coin

    i still preferred rolls from u.s. mint. it's safe and official. it's attractive and easy to sell. i wish the mint could offer two rolls set in bulk discount for individual collectors.
     
  6. Danr

    Danr Numismatist

    The mint stinks when it comes to proof and mint sets the Sac dollar is always spotted. The rolls are the safest thing to buy from the mint and they do bring more $ than the bank rolls.
     
  7. anchor1112

    anchor1112 Senior Member

    roll of coins

    can the loose wrapped roll of coins affected to its pricing?.
     
  8. GDJMSP

    GDJMSP Numismatist Moderator


    That depends on what it is being sold as. If it is being sold a roll of uncirculated coins - yes. If was being offered as a roll of circulated coins - probably not.
     
  9. tracy5900

    tracy5900 Coin Hoarder

    roll of silver proof quarters

    i wonder how they wrapped the 40 pc roll of silver proof quarters. first, they have to take it out from plastic set case. then wrapped it. isn't it gonna damage some surface of the silver proof quarters. like dirty air, maybe fingerprint. scratches, and how they gonna wrapped it?. by manually?. what type of paper they use?. remember, the surface of silver proof is very delicate. sorry, cause i never buy silver or clad proof rolls.
     
  10. MrSpud

    MrSpud Member

    I believe that the reason people are willing to pay more for rolls in the US Mint wrapper (not Mint Wrapped, but in an original Mint Wrapper) is because they are unsearched and haven't been picked through yet for high grade gems and varieties. If you get brand new rolls from the bank, the rolls may or may not be unsearched. Someone could have bought a mint bag, went through them, took out the high grade ones along with any errors and varieties and rolled up the remainder and cashed them in at the bank. Likewise for any rolls bought at a coin show or from a coin shop or on e-bay. The Mint wrapper gives at least some tamper resistant evidence that the roll hasn't been picked through. Of course, someone could carefully open a mint wrapper and take out the coins, go through them and replace any Gems, but it is less likely to be so. Even more-so many years from now. I don't think they used Mint Wrappers back in the day, but wouldn't it be much cooler to buy a bunch of So-Called "Original Unsearched" rolls of Wheat cents from 1955 or other years with good varieties if they were in original Mint wrappers? That is what it will be like in the future for these coins that are now sold in the Mint Wrappers.
     
  11. tracy5900

    tracy5900 Coin Hoarder

    rolls from the bank

    recently, i change some quarter rolls from my bank. i search for au statehood clad quarters. it's fun. just like old days. you can touch it and play with it. unlike new coins. no need to worry anything. x'mas day is fast approching. maybe the bank will have a lot of new coins and paper notes. hopefully i can get some from them.
     
  12. 9roswell

    9roswell Senior Member

    im in SE CT and all the local banks get the new rolls, maybe because we have the 2 casino's?
     
  13. anchor1112

    anchor1112 Senior Member

    rolls from u.s. mint

    since u.s. mint continue to produce mint wrapped rolls. and becoming popular. except before they did. people will start to collect mint wrapped rolls instead of privately wrapped rolls. since then, privately wrapped rolls will be affected and will not be purchase by collectors in the future. otherwise. privately wrapped rolls will be dropping heavily in price.
     
  14. fjrosetti

    fjrosetti Member

    I consider the phrase 'mint wrapped rolls' to be a truism in the sense that even though the wrapping is not done 'inhouse' by the Mint directly, the entire operation is done under the Mint's direction and policies.

    This is just like the coinage stripping supplied to the Mint by private contractors, which certainly is a Mint product even though not manufactured inhouse by the Mint.
     
  15. tracy5900

    tracy5900 Coin Hoarder

    roll wrapper machine

    can we (private individual) buy our own roll wrapper machine?. how much will it cost?. i mean the cheapest, slow and simple operating one?.
     
  16. The_Cave_Troll

    The_Cave_Troll The Coin Troll


    you should be able to buy paper rolls from Wal-Mart CHEAP and you can buy an end-roller for about $20 on eBay.

    Then you're set to create your own "original bAnk wrapped" rolls at home. :eek:
     
  17. tracy5900

    tracy5900 Coin Hoarder

    roll wrapper machine

    what you mean by end-roller?. and how much paper wrapper cost at wal-mart?.
     
  18. PyrotekNX

    PyrotekNX Senior Member

    The 2 roll set with the mint paper on it will always be worth more than a regular bank wrapped roll espectially if the box is sealed.

    From my experience, the "Mint wrapped" rolls are just as baggy as bank rolls or worse. I have pulled much better ones out of bank rolls and circulation than I have seen coming out of the sets.

    For the past few years, coins from the mint have not been very high quality at all. There are all sorts of problems with damaged mint and proof sets. They don't have a good quality inspection process of the sets before they are sent out. It used to be that proof sets would be damn near flawless and you didnt need to worry about sending it back for another set.
     
  19. Just Carl

    Just Carl Numismatist

    Not many are mentioning it's what's in the rolls that will become worth more in the future. Must not be a lot of us old people around here. Way back in the late 70's the Mint came out with a thing called Bicentennial Coins. We all ran out to the banks and bought them by the roll, bag, box or what ever. Lots and lots of us sent in to the Mint for these "someday a real collector item coin". One friend of mine had thousands of dollars worth of the dumb things. A few years ago he dumped them all in the bank. At coin shows no one wants them for more than face value regarless of the condition or in rolls of any kind. I had lots of them in plastic rolls and at coins shows I couldn't even get my money back for the plastic rolls they were in. I also took them to the bank not to long ago. Would have been smarter to invest in buggy whips. So before you put tons of coins away for tomorrow, check out how many millions or billions trillions are being produced. I'm still waiting for my 26 rolls of 1943 stell Lincoln Cents to be worth the time I've saved them. If your really want to be sure they are not all messed up, you would really have to open them and inspect each coin. I also did that back in the 70's and ended up putting the best in one roll, second best in the next, etc., etc. Made little difference. None worth the trouble.
     
  20. Danr

    Danr Numismatist

    The mint packaging is just paper. Coin collectors usually like the coins not the paper.
     
  21. tracy5900

    tracy5900 Coin Hoarder

    rolls from the u.s. mint.

    now that the u.s. mint shipped 2 roll set with a box. or shall i say un-open box. what kind of box is that?. is that the same with that of mint set?. and it was sealed. or we can open the box without pulling it and /or tear off the cardboard. i like a box which we can open it and close it without damaging the box it self.
     
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