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Do "Great minds think alike?"...

joeykoinsjoeykoins Posts: 14,893 ✭✭✭✭✭

Hi guys,
This is mostly to all those who CoinRollHunt. Here is MY thinking when I hunt. When at these places of interest, the banks, when given the opportunity to receive the "customer wrapped" rolls. Here's my thinking.
" sure, even if the customer did search through these for silver, key dates, NIFC's or even the W's.
I'm almost certain, they DON'T know about all of the other varieties that may be in these rolls?"
:D
Are you guys thinking the same as I do?
Searching through some of these rolls do
result, either in, ddo/ddr's. Can I be correct in my assumptions or just a coincidence?
Thanks guys.👦

"Jesus died for you and for me, Thank you,Jesus"!!!

--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.

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    NeophyteNumismatistNeophyteNumismatist Posts: 897 ✭✭✭✭✭

    I have always done better with customer rolls. Honestly, I think most people just don't care, and the customer rolls have been sitting in change jars longer.

    I am a newer collector (started April 2020), and I primarily focus on U.S. Half Cents and Type Coins. Early copper is my favorite.

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    OAKSTAROAKSTAR Posts: 5,836 ✭✭✭✭✭

    Yes, your assumptions are correct. Take all the costumer wrapped rolls you can get your hands on. You never know what's in there. I have even asked some tellers where they think the rolls came from. In many cases, they know the customers that have brought them in. I've even asked: Do you think the customer was a coin collector? In most all cases the answer has been no. They were brought in by business owners or people cashing in their coin jars.

    Plus, you're right about rolls being searched for silver. I've search many half dollar rolls. The silver might be gone but I've found many clad DDO's left behind and overlooked by someone! I personally have no interest in the NIFC stuff. I throw them back.

    I do have a related question for you. I'm sure it's been discussed before but exactly where and how are you dumping?

    Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )

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    OAKSTAROAKSTAR Posts: 5,836 ✭✭✭✭✭

    Another tip for you. While you're in the banks, look around. You might see people coming in or standing in line with a bag of coins or rolls. More then once I've approached those people and have bought the coins from them before they hit the teller window. 👍🏻

    Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )

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    JimnightJimnight Posts: 10,821 ✭✭✭✭✭

    It makes no difference to me.

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    joeykoinsjoeykoins Posts: 14,893 ✭✭✭✭✭

    @OAKSTAR said:

    I do have a related question for you. I'm sure it's been discussed before but exactly where and how are you dumping?

    I have several banks where I dump.

    "Jesus died for you and for me, Thank you,Jesus"!!!

    --- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.
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    jesbrokenjesbroken Posts: 9,318 ✭✭✭✭✭

    Customer rolls were always the most productive.
    Jim


    When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln

    Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain
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    OAKSTAROAKSTAR Posts: 5,836 ✭✭✭✭✭

    @joeykoins said:

    @OAKSTAR said:

    I do have a related question for you. I'm sure it's been discussed before but exactly where and how are you dumping?

    I have several banks where I dump.

    Are you re-wrapping all those rolls or are there coin counting machines there?

    Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )

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    291fifth291fifth Posts: 23,945 ✭✭✭✭✭

    What you really want are customer wrapped rolls made up by heirs who are anxious to dump their estate coin finds. Finding them is just a matter of being in the right place (or bank) at the right time.

    All glory is fleeting.
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    KliaoKliao Posts: 5,471 ✭✭✭✭✭

    I'm actually the opposite. I would take bank wrapped rolls over customer wrapped any day.

    Young Numismatist/collector
    75 Positive BST transactions buying and selling with 45 members and counting!
    instagram.com/klnumismatics

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    rickoricko Posts: 98,724 ✭✭✭✭✭

    When I used to roll search, I favored customer wrapped rolls, since they were often the result of accumulated coins in jars, boxes or drawers. Actually, the last time I found a WLH in a roll of halves, was a customer wrapped roll. Cheers, RickO

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    OAKSTAROAKSTAR Posts: 5,836 ✭✭✭✭✭

    @291fifth said:
    What you really want are customer wrapped rolls made up by heirs who are anxious to dump their estate coin finds. Finding them is just a matter of being in the right place (or bank) at the right time.

    Exactly. I lean towards customer rolls but you're right, it's a matter of being in the right place at the right time. Whether it's customer or bank rolls, it's completely random.

    Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )

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    joeykoinsjoeykoins Posts: 14,893 ✭✭✭✭✭

    @OAKSTAR said:

    @joeykoins said:

    @OAKSTAR said:

    I do have a related question for you. I'm sure it's been discussed before but exactly where and how are you dumping?

    I have several banks where I dump.

    Are you re-wrapping all those rolls or are there coin counting machines there?

    Coin machines.

    "Jesus died for you and for me, Thank you,Jesus"!!!

    --- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.
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    joeykoinsjoeykoins Posts: 14,893 ✭✭✭✭✭
    edited December 30, 2022 10:17AM

    My original statement on my thread is explaining what's behind the thinking of the "customer wrapped" rolls.
    Meaning, I do get the whole concept of what can be found in these rolls because of the ignorance of the few that would place inside silver, W's, error coins, varieties, key dates, etc... I too, prefer bank wrapped rolls.
    My main point is the ones that DO know about the above but only to NOT know of the variety aspect. In which, would still allow some hope in these customer wrapped even if they did remove the more obvious coins.
    Does anyone think like me in this sense?
    Thanks for all your comments, guys!
    :)

    "Jesus died for you and for me, Thank you,Jesus"!!!

    --- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.
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    ctf_error_coinsctf_error_coins Posts: 15,433 ✭✭✭✭✭
    edited December 30, 2022 10:39AM

    I use to roll search.

    Time is valuable .

    I would only search brand new rolls and would buy them by the box. I would pay a premium for these rolls usually 2x to 3x face.

    I would search for a "minor" error that would look good in a photograph and make a stock photo of such error. Because all the rolls in the box were struck at the same time, there would be many of the same error showing up in all the rolls.

    I would then only sell one per week at auction and never flood the market.

    I then would put all the profits into a major mint error coin found by someone else. Rinse and repeat over and over again.

    I left that part of the market and it is wide open for someone to follow suit.

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    joeykoinsjoeykoins Posts: 14,893 ✭✭✭✭✭

    @ErrorsOnCoins said:
    I use to roll search.

    Time is valuable .

    I would only search brand new rolls and would buy them by the box. I would pay a premium for these rolls usually 2x to 3x face.

    I would search for a "minor" error that would look good in a photograph and make a stock photo of such error. Because all the rolls in the box were struck at the same time, there would be many of the same error showing up in all the rolls.

    I would then only sell one per week at auction and never flood the market.

    I then would put all the profits into a major mint error coin found by someone else. Rinse and repeat over and over again.

    I left that part of the market and it is wide open for someone to follow suit.

    Yeah, your search is a whole different route than most. It's great if you did find that new discovery or higher grade BU. To me, this search really takes a whole lot of patience and perseverance. Like you stated, it can be very rewarding in the end.
    The only time I would do this is when I did come across that sweet gem in the rough.
    Good Luck
    Thank You!
    :)

    "Jesus died for you and for me, Thank you,Jesus"!!!

    --- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.

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