Is it a good idea to buy shotgun rolls at all? Some say they are unsearched but I don’t know if you can trust them. Anyways what to you guys think of them?
It all depends on what you are after. Me personally, I really dont trust those who say they are unsearched. I still have hope that there are honest people who dont search them, but too many scams out there to take a chance. This is only my opinion
Even if the seller you're buying from hasn't searched them chances are someone else before them has , if you do buy a roll open it in front of the person , they should pretty much be a matched set , check the rims for toning , if an inside coin has a coin where it's toned , it's probably not an original roll . rzage
I see these all the time for Buffalo Nickels since that is what I'm working on. I truly do not believe that they are unsearched. I hope someone responds that has done it so I read what they have to say about it.
Thanks guys for the input, I thought it could be fishy. I seen a lot of deferent rolls some new and some looking very old. Can someone buy old paper rolls or do you think it’s was once a bank roll and they kept the roll to use again?
Today they can counterfeit slabs you name it , it would be easy to counterfeit or buy old wrappers . rzage JMO
I see but lets say for a shotgun roll of Indian penny’s what would a fair price to pay for one and lets say they took out all the key dates and the coins are in G-VF grade. Just so I know and get an idea for each roll I come across if I decided to buy one thanks.
I couldn't really tell you , but I imagine most of the early date coins would be removed leaving you with a roll $.70 - $2.00 , what they would go for in a 50 coin roll I have no idea , unless you're planning to resell them I'd buy just the individual coins you need or want . rzage:thumb:
Learned how the shady do it at my second trip to the coin shop, just sitting there looking throught the junk bin. Guy walks in and gets a few better date coins to go on the ends of some rolls and a few to go inside some others. Pays the dealer to dip them, rubs them off with his shirt. Then takes the $3 hand machine that makes the rolls look like they are originally rolled. Telling me what he was going to do the whole time. I listened to this guy for like 4 or 5 hours and it was a real eye opener. He would even put a cull 3c silver in a roll of dimes or nickels. I have never considered buying a roll like that since. Figure mostly culls with a couple decent ones thrown in, so you don't feel totally ripped off.
is it possible to find unsearched rolls? Yes. But they are few and far between. Like someone else mentioned, even if they weren't searched by the seller, chances are they were searched before he got his hands on them. I however have a dealer I know that sells bu rolls that he personally has never searched. I decided to take the bait one day and see what he was pushing and to my suprise, it was a bu roll of 1958d wheat cents. I took the roll to my local shop to have a look and double check that these coins weren't cleaned, and they were in fact authentic. So to answer your question, yes you can find them, just be careful, and know who you are buying from.
google " coin roll crimper " . Anybody with a few huindred dollars can buy a used bank coin roller and get pro results. The high volume guys do this, and it pays off. I would avoid all " unsearched " rolls on the bay. Those awesome " I found a 1914-D " feedbacks are from friends or alt accounts...... I think the best scams are the S mint indian reverse showing, or the VDB possible S mint rolls.... A bunch of us here on CT had a little fun last year seeing who could come up with the most outlandish story.......Grandpa stopped saving wheatcents in 1933, he saved them all in a Gatorade bottle !!!!
Bank wrapped BU rolls still exsist, I have dozens of them. It's those " unsearched" wheats........but always be carefull buying bank rolled wheats as well. Heres a great read from a good guy on them: http://wayneherndon.com/whrc/pages.php?pageid=33
In fact, I had a CT'er photoshop this picture for me, I ran an auction for "Unsearched Wheat Cents found in belly of Great White Shark !!!!!!"
Well, I'm that guy. I tried 3 rolls and frankly, I find it hard to believe that there could be that many bad, worn out Buffalo nickels all together. One roll they didn't claim it. They guranteed full dates and that's what I got. So I guess it was searched. But the other two from another seller, I was disappointed with the experience. Even the typical common 36-38s which are normally good were worn out! I left a neutral feedback and got a negative in return. I would never buy an unsearched roll of anything again. I suspect the majority are scams and it's the only way to move junk coins at a high price. In hindsight, I would have been better off buying a single, high grade nickel. I would have been happier.
Thank for all the input guys as always. From what I gather from what was said here most of them will be searched through and they might not give you full dates as in the buffalo nickel rolls. Also you might get avg coins that look good but not worth much. But there are some people that still sell real unsearched rolls but it will be hard to find them. I guess if I see one for really cheap I might give it ago but im still not 100% sure anyways thanks again guys.
As I've said before, buy the roll ONLY IF 1. you can identify the coin at each open end, and 2. you need/want the coin at each open end, and 3. the price for the roll is no more than the total cost of the coins at each open end, or 4. you can get the roll at 2-5 times face value, or melt value if silver. Basic answer, it's not a good idea, and, 99+% of the time, there's no such thing as an unsearched roll.
