Uncirculated Coins in Rolls
Bigpomaha
Posts: 32 ✭
Well with this new collection my dad left me there are rolls of Uncirculated coins of different denominations. They all come with their own little velvet bag and everything. Is there bad or good to leave them in their rolls?? in the rolls i am unable to look at them and was curious before i attempted. Not sure what the proper thing to do here. Any help is appreciated. Thanks
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There is no right or wrong answer, some coins are better left alone unless you know what you are looking for. For instance, if you are looking through a roll of modern coins can you tell the difference between an MS67 and an MS68 or MS69, if you cannot confidently answer that yes then you should leave the rolls alone until you can or sell them as is. The next question you should ask is once you break the rolls open what are you going to do with the coins? If you are going to sell them you would need to have the resources to do so and have the supplies (2X2s or flips) to store the coins while/until they sell.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
"They all come with their own little velvet bag and everything."
I've never heard of anything like the above for rolls of coins. If you would like or need our help then it is best to give us as much useful information as possible. Things such as dates and denominations of the coins, are the original bankrolls or put together rolls, are they in plastic tubes and, of course, images help tremendously.
In honor of the memory of Cpl. Michael E. Thompson
TomB - i completely understand what you are saying. Part of the reason for the question. Some are hard to see years since they are in paper rolls and i believe they are different denominations but not 100%. There are probably 20 or so rolls. When i get back home i will post pics, even with the little velvet bags. lol
Apparently they are all nickel rolls and about 25 of them. Here are a couple pics. Not sure if i should unroll or not. Thoughts?
Aftermarket packaging. Nice but no added value.
Even though they say Certified uncirculated??
That's just marketing hype, unfortunately
I'm sure they are uncirculated coins, but so are countless millions of others that were saved
Well i took one roll apart and looked at them and there are some that have nicks and scratches. Appreciate the input. I'm a Newb and starting to learn about this stuff. Dear old dad left me a big collection. Some great some good and some not so good. Trying to decipher all this stuff.
I took your images and uploaded them onto the site for you so others could easily see them-
As @JBK mentioned, these are after-market rolls, which means that neither the US Mint sold them this way, nor did any bank roll them this way. They are simply generic, mint state coins likely taken from mint bags or bank rolls and then re-rolled by the private company that was selling them so that they could sell them to the unsuspecting public for typically an extraordinary markup.
They aren't worth much more than face value, but truly might have been sold for five to ten times as much as face value when they were marketed. It's like going to a supermarket and buying a plastic bag of apples for $1.50 per pound and then going into the parking lot of that supermarket and placing the apples into small paper bags and offering them as "select orchard apples" for $25 per pound. Some folks won't know better and will buy them.
In honor of the memory of Cpl. Michael E. Thompson
I bought an estate with coins like that in them. I kept the best 2-4 nickels from the rolls and sent the rest back in.
This is where i get confused easily when i comes to value coins. I look at the coin, the year, the grade and look to see what the pricing is for the coin. On this site it says more than face value. Am i missing something? These are 2006 Monticello Nickels that are uncirculated. What should be the value? I also want to express my thanks to all that are helping me learn this. I truly appreciate it!
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There are 11 different grades within "uncirculated". Where do yours fall within that range? 🤔
Also, values you might be seeing could be for graded (aka slabbed ) coins.
In any case, if you're paying more than face value for coins like this, please let me know.
i am not. This collection I have was left to me from my father. He gathered all these over the years. I am just trying to figure out what i have an what the approx value is to determine weather i need to get insurance on them. I took one of teh rolls apart and it appears to me that most of the coins are at least a 60 if not higher, but that is coming from a guy that knows very little
**Insurance Thanks for a chuckle
Why is that so funny?
Your coins (the ones shown, anyway) are almost certainly worth only face value. That's $16 based on your photo. Why in the world would you get insurance for $16 in pocket change? 🤔
If you want to mess around with ebay maybe you can find someone to pay a few dollars over face.
Well it's not the nickels that i am looking to get, its the entire collection. Lots of Morgan dollars, Unique bills, etc. This is the reason. I hope folks don't think i am that stupid.
I have a number of morgans that are 70's so that should say something
2009 nickels are worth a bit more - or they used to be.
Sugar magnolia blossoms blooming, heads all empty and I don't care ...
Maybe an appraisal would be in order? There's companies who do that. Just a thought
As in MS70 or PR70? Who is the grading company?
It appears you really would do well with some sort of professional appraisal given you realize there is a lot you don’t know. However, before you spend the funds on an appraisal, you would do well to share more of the collection with us so we can give you the likely bad news for free.
The coins in those rolls were sold as uncirculated, so they should all be at least MS60. The guide values are just that, a guide, and in many cases the numbers will not reflect reality. You also have to realize those values are for coins already certified by PCGS or NGC and that certification costs money.
Lastly, if the Morgan’s you are writing about are US Morgan dollars dated from 1878-1921 then I can assure you that none of them are truly MS70 or PR70.
In short, the more effort you put into helping us help you (quality images and such) the more quickly and accurately you will get useful information. Thus far from what you have shared you need no insurance.
In honor of the memory of Cpl. Michael E. Thompson
Some of these comments are a perfect illustration of how some members are rude and condescending to new forum members asking for help.🙄
If you have a brick and mortar coin shop in your area, I suggest you give them a call.
I am sure the owner will be happy to help you assess which coins have value and are worth keeping and if necessary insuring them.
Good luck and enjoy your coins!😎
i wish you the best of luck with your dad's collection. No matter what else happens or you do.
I hope you will consider keeping some of the coins in rememberance of your dad. Sounds like his collection was something important to him. best of luck. james
Please provide a listing of the Morgan Dollars (and anything else you have). The Morgan Dollars not minted in Philadelphia have mintmark on the back below the Eagle's claws. From the 1870s, if they have wear, only the CC (Carson City) dollars are worth a premium over bullion melt.
Times change, if I found a 75 year old coin in change when I was little, it was worth a few dollars, if not more. Not so now.
"Seu cabra da peste,
"Sou Mangueira......."
@Bigpomaha your doing fine and I was in the same boat a few years ago. You'll get it eventually; just don't be in a hurry.
The nickels are, on average, MS62 to MS66 at best and will only attain further value if left out of circulation but that could take 50+ years. Only proofs reach into the 69-70 range. If you're in the Omaha area, I'm always available for one-on-one advice at a neutral location or PM me here in the forums. We also have a coin show once a month where many experts gather and they normally love to give an opinion; especially about the older stuff. Good luck!
USAF veteran 1984-2005
I agree that's what this site says. I wish they'd fix the site to be clearer.
This site is hosted by PCGS. PCGS is a company whose business is to provide grades for coins and then stand behind those grades. The values they post are for coins that are ALREADY GRADED BY PCGS.
That last bit is important. It costs money to get a coin graded by PCGS. Costs vary. I usually figure $50 per coin as a ballpark. It can get as low as $20-something per coin if you grade enough coins.
In other words, when the PCGS price guide says that your nickel is worth $10, that means that you will LOSE at least $10 (and more likely closer to $40) if you try to get that price guide value, after you include the grading fees.
The coins you pictured are not graded by PCGS. The price guide for PCGS-graded coins does not apply to your coins.
This is True. Thank you for the support. Just seeking info not an audience.
I plan on keeping them all and handing them down to my grandson. He will have the responsibility to keep it going as he gets older. No plans on selling anything
PapiNE,
I will take you up on this. I will PM you shortly. Thank you for that. I truly appreciate the offer.
The last paragraph brings back memories. Knew a family who had a small garden in view of the main road. The father would go to the local produce wholesaler and buy tomatoes. His few garden fresh tomatoes would be mixed in with the wholesale lot and he put a sign out by the roadside Fresh Tomatoes, which they were. Many cars would stop,see the garden from the road and assume the tomatoes were garden fresh from his garden. Sold many of bags of them with this angle. The key was the view of his garden from the road. Reeled em in..
That is dishonest and karma got him in other ways for sure!😎