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Mint Wrapped Small Dollar Rolls

OAKSTAROAKSTAR Posts: 6,093 ✭✭✭✭✭

Anyone know what the Mint sold these for?

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: 6,093 ✭✭✭✭✭

    Hmmmm. So someone is buying these from the Mint, taking them to the bank and cashing them in for face value and them I'm getting them???

    Or someone bought them from the Mint as gifts and the recipients took them to the bank, cashed them in and I got them??

    Or maybe dealers were getting them from the Mint for face?

    Are there any other scenarios?

    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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    JBKJBK Posts: 14,898 ✭✭✭✭✭

    People paid a premium for these. Someone decided to cash out.

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    gumby1234gumby1234 Posts: 5,451 ✭✭✭✭✭

    Or somebody stole them from somewhere and cashed in at the bank.

    Successful BST with ad4400, Kccoin, lablover, pointfivezero, koynekwest, jwitten, coin22lover, HalfDimeDude, erwindoc, jyzskowsi, COINS MAKE CENTS, AlanSki, BryceM

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    Steven59Steven59 Posts: 8,343 ✭✭✭✭✭

    Before or after Inflation?

    "When they can't find anything wrong with you, they create it!"

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    JWPJWP Posts: 18,418 ✭✭✭✭✭

    My bank has a 50 plus USM wrapped rolls available for the asking. I think they are coming from the families where the parents have passed away and they just want the cash ( not coin collectors and no idea the value of each roll exceeds face value). :D

    USN & USAF retired 1971-1993
    Successful Transactions with more than 100 Members

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    rickoricko Posts: 98,724 ✭✭✭✭✭

    I have a couple of rolls of Sacagawea dollars, purchased from the mint when first issued.... Do not recall the price. I really should open them and spend them. Might be a speared eagle in there... Cheers, RickO

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    jclovescoinsjclovescoins Posts: 1,853 ✭✭✭✭✭

    Just because the Mint sold them for a premium doesn't mean you can get more than face value for them. Just keep that in mind

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    OAKSTAROAKSTAR Posts: 6,093 ✭✭✭✭✭

    @jmlanzaf said:

    @OAKSTAR said:
    Hmmmm. So someone is buying these from the Mint, taking them to the bank and cashing them in for face value and them I'm getting them???

    Or someone bought them from the Mint as gifts and the recipients took them to the bank, cashed them in and I got them??

    Or maybe dealers were getting them from the Mint for face?

    Are there any other scenarios?

    They were sold to a dealer who took them to the bank. I've done it. They come in with collections or estates. You try to sell them at a premium but a lot of them don't sell for more than face. So i dump them at the bank.

    Interesting, thanks!

    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: 6,093 ✭✭✭✭✭

    @ricko said:
    I have a couple of rolls of Sacagawea dollars, purchased from the mint when first issued.... Do not recall the price. I really should open them and spend them. Might be a speared eagle in there... Cheers, RickO

    You haven't opened them yet? Or a complete roll of speared eagles! 😉

    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: 6,093 ✭✭✭✭✭

    @jclovescoins said:
    Just because the Mint sold them for a premium doesn't mean you can get more than face value for them. Just keep that in mind

    I wasn't thinking of selling them. I've already opened them and throw them back. But I do see them on eBay.

    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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    smuglrsmuglr Posts: 407 ✭✭✭

    @OAKSTAR said:
    Anyone know what the Mint sold these for?

    From 2007 - 2011 you could get the new rolls at banks for face value, (there was a push to make the new dollar coin successful). They were available from the USM for 35.95 per roll, later 39.95 per roll, and most recently 34.50 per roll. In 2008 the USM had a direct ship program where you could order a 10 roll box for $250 with free shipping. This changed around 2012 when the banks no longer got the new releases and you had to order from the mint. The price for a box (10 rolls) went to 289.95.

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    OAKSTAROAKSTAR Posts: 6,093 ✭✭✭✭✭

    Thank you for the feedback gents!

    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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    rickoricko Posts: 98,724 ✭✭✭✭✭

    @OAKSTAR ... Unopened... No idea if there are any speared eagles. Cheers, RickO

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    OAKSTAROAKSTAR Posts: 6,093 ✭✭✭✭✭
    edited January 22, 2023 4:45PM

    @ricko said:
    @OAKSTAR ... Unopened... No idea if there are any speared eagles. Cheers, RickO

    I know. I'm just wondering if there are any in 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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    Steven59Steven59 Posts: 8,343 ✭✭✭✭✭

    @OAKSTAR said:

    [ I'm just wondering if there are any in these. ]

    Where's "Carnac the Magnificent" when you need him?

    "When they can't find anything wrong with you, they create it!"

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    OAKSTAROAKSTAR Posts: 6,093 ✭✭✭✭✭

    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: 6,093 ✭✭✭✭✭
    edited February 20, 2023 5:53PM

    @ricko said:
    @OAKSTAR ... Unopened... No idea if there are any speared eagles. Cheers, RickO

    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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    jessewvujessewvu Posts: 5,064 ✭✭✭✭✭

    I have a 2001 yellow wrapped $1 roll with a 2000 dated coin on the end. I got it directly from the US Mint when they were selling them for face value, free shipping.

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    AUandAGAUandAG Posts: 24,579 ✭✭✭✭✭

    every roll I've ever gotten has either been given to my wife to spend or we have used them for tips at restaurants. Never bothered to even look at them. Made by the bazillions.
    bob :)

    Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
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    OAKSTAROAKSTAR Posts: 6,093 ✭✭✭✭✭

    @jessewvu said:
    I have a 2001 yellow wrapped $1 roll with a 2000 dated coin on the end. I got it directly from the US Mint when they were selling them for face value, free shipping.

    You have pictures of that roll?

    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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    CoinscratchCoinscratch Posts: 8,015 ✭✭✭✭✭

    @jessewvu said:
    I have a 2001 yellow wrapped $1 roll with a 2000 dated coin on the end. I got it directly from the US Mint when they were selling them for face value, free shipping.

    That one might be the mule.

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    Steven59Steven59 Posts: 8,343 ✭✭✭✭✭

    @jessewvu said:
    I have a 2001 yellow wrapped $1 roll with a 2000 dated coin on the end. I got it directly from the US Mint when they were selling them for face value, free shipping.

    Mint using up excess quantities of paper dollar rolls?

    "When they can't find anything wrong with you, they create it!"

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    daltexdaltex Posts: 3,486 ✭✭✭✭✭

    @smuglr said:

    @OAKSTAR said:
    Anyone know what the Mint sold these for?

    From 2007 - 2011 you could get the new rolls at banks for face value, (there was a push to make the new dollar coin successful). They were available from the USM for 35.95 per roll, later 39.95 per roll, and most recently 34.50 per roll. In 2008 the USM had a direct ship program where you could order a 10 roll box for $250 with free shipping. This changed around 2012 when the banks no longer got the new releases and you had to order from the mint. The price for a box (10 rolls) went to 289.95.

    You left off the rest of the story.

    So people would buy these with rewards credit cards, immediately trot them over to their banks, deposit them unopened, and pay the credit card bill. Free rewards for making the trip between the mailbox and the bank. Not surprisingly, the government eventually killed that program.

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    OAKSTAROAKSTAR Posts: 6,093 ✭✭✭✭✭

    @ricko said:
    @OAKSTAR ... Unopened... No idea if there are any speared eagles. Cheers, RickO

    See what could happen if you had a roll of them? 😂 🤣

    https://www.ebay.com/itm/204291294896

    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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    rickoricko Posts: 98,724 ✭✭✭✭✭

    @OAKSTAR... :o Wow... Had no idea..... Guess I better check... Cheers, RickO

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    OAKSTAROAKSTAR Posts: 6,093 ✭✭✭✭✭

    Still getting these from banks.

    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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