Is My 'Coin Roll' Really UNSEARCHED ??

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Paul
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Is My 'Coin Roll' Really UNSEARCHED ??

#1 Unread post by Paul »

First, let me disclose that in no way, shape, or form am I accusing/suggesting that ANYONE is attempting to cheat/fool/scam/beguile/rip-u-off with these “un-searched” rolls for sale. ALL OF THE POSTS I make on this site should be considered as ‘my opinion only’, & used for educational purposes only.

I am making this post in the ‘errors’ section, as I believe that this is the #1 reason ‘why’ these are purchased.

The first set of pictures show the ‘tools’ used. A count tray, end rollers, & of course the empty ‘pre-formed’ coin tubes. Cost?.....about $18.00 to get started.
Looking closely at picture #6, you can see inside the recessed ‘rolling ring’ of the square plastic “end crimper”. Can you see the small raised ‘bar/nub’? This is the part of the ‘roller’ that ‘curls’ the paper into its doughnut shape as you gently ‘push in & twist’ the tool. Like everything else in life, the more you do it, the better you get……& I have seen some EXPERT work by some of these sellers.
Looking at the picture labeled ‘M’, you will see: ‘factory’ creasing (green arrows), a tight ‘paper split’ (blue lines), & the highest points that are ‘ROUNDED’. This is a factory, as they call it, end crimp. Expert roll makers are not even able to get this ‘true roundness’, due to the bar/nub on the roller we saw in the close-up discussed earlier. They will look close, but if you inspect the pictures closely, the “NON-FACTORY” rolls will show some very faint ‘flatness’(red star) to this top area (NOT STORAGE SMUSH).
I have added captions to the balance of the pictures here that should be self explanatory. If not, ASK.
Have I ever purchased a ‘stacked’ roll before? Yes. Because the ‘end coin’ was a ‘seller unaware’ rare variety. What’s the most I have ever seen a stacked roll sell for? Just over $1700.00 What was it? A roll advertised as a back-2-back BU/MS/RD 1909 VDB Lincoln Cent Roll. What did I see? 2 XF+ low contact, completely cleaned & dipped coins. (Was this a HEAVY SHILL BID AUCTION?..... The second place bidder had a 96% bid ratio for that seller over the past 30 days, a 64 feedback, with 36 bids alone on this 1 item.) Was there a, “possible ‘S’ mintmark” in the description? Of course. Beware, there is a lot of word-play going nowdays. “double die”, “doubling”, “die double”, “with doubling”…….the correct term is “DOUBLED DIE”, for those varieties... Read the descriptions, they are not ‘lying’, per say, as those “coin strikes” go, (letting you, NOT YET educated enough in that area, think that they are rare), these are ‘STRIKING ANOMALIES’, but, back to rolls,….if I have my pre-teen children at home making just 100 of these rolls a week ‘to sell’, & “I close up the end”, it is “un-searched BY ME”? The big pile used to make “the roll” was ‘searched’…….. Purchasing OBW’s (original bank wrapped) ROLLS is a bit of an art form/skill.

Someone at Heritage,…..who??, figured the odds of a roll with BU/MSRD back to back ’09 S VDB’s somewhere around 1:170,000,000.
This is common sense here. I don’t care who you are, if there is a ‘roll’ with a high value “key” end coin showing……you are not going to ‘auction’ it for .99¢ no reserve! Not to mention the most likely damage to the areas of the coin you do not ‘see’ around the rim of the ‘end coin’ in the picture, as well as the opposite side you do not see!.

While a majority of the actual coins within the roll will have most likely been key date/variety searched, there are sellers that buy ‘bulk poundage’, zip search them…& just do this. There will be errors to find. Die state/strike/rub patterns, not recognized by the average collectors often ‘slip on by’, into these rolls…just ask petespockets55, & his ‘roll find’, got the 1917 Lincoln Cent DDO.
Take a few minutes to ‘look at’ the images posted….you should see some distinguishing characteristics that should ‘tip you off’ the ‘roll’ is not a ‘real’, old bank wrapped roll.
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Re: Is My 'Coin Roll' Really UNSEARCHED ??

#2 Unread post by Paul »

hugeeyes
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Re: Is My 'Coin Roll' Really UNSEARCHED ??

#3 Unread post by Paul »

hugeeyes
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Re: Is My 'Coin Roll' Really UNSEARCHED ??

#4 Unread post by Paul »

hugeeyes
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Re: Is My 'Coin Roll' Really UNSEARCHED ??

#5 Unread post by Scubaredneck »

Good stuff. Thanks for the info!!
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Re: Is My 'Coin Roll' Really UNSEARCHED ??

#6 Unread post by Daniel »

:winnah:

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Re: Is My 'Coin Roll' Really UNSEARCHED ??

#7 Unread post by cableman »

Great info

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Re: Is My 'Coin Roll' Really UNSEARCHED ??

#8 Unread post by PetesPockets55 »

Fantastic post with lots of detail and photos of OBW's (Original Bank Wrapped)and not so OBW's. Thank you.

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Re: Is My 'Coin Roll' Really UNSEARCHED ??

#9 Unread post by Paul »

i am seeing so many fakes popping up right now.....& i always ask the seller, "may i ask where you got this coin please?"
for those that don't give me some obvious b.s. storyA, most say they 'found it in a roll' they bought on-line.....
when you find these fakes, or low end damaged key dates, these are called "seed coins", or "salted rolls". sellers do this so you to come back for more. i had a buyer that contacted me about 11 'unsearched wheat' rolls they bought....7 out of the 11 rolls had '09S's, 2 had '09 VDB's, & two had early teen MSRB S's.
every one was a fake! i did not even need to see the coins first hand.....i know exactly what/where to look for/at. i know i've posted that info here more than once.
this is just preying on peoples greed,....oops, too honest? (the only reason why you would go back & buy a bunch more rolls is to 'flip them' to make a load of $$, right?)
individuals need to START USING SOME COMMON SENSE.
sad, but the alure of the 'flipping' quick buck (GREED), blinds so many...... :confused:

A. say they bought it at a 'local coin store', or 'took it out of a slab', so on...........
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Re: Is My 'Coin Roll' Really UNSEARCHED ??

#10 Unread post by Nolifeking »

Great Post! :thumbsup:

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