U.S. Mint bags or rolls???
08HALA20
Posts: 3,066 ✭✭✭
Hi everyone,
Which is better to buy if looking for high grade coins?
I read some where that the mint doesn't roll coins and sends out bags to be rolled by another company who in turn sends them back to the Mint distribution center to be sent to public.
What has been your experience with U.S. Mint coins.
Rookie Joe
Which is better to buy if looking for high grade coins?
I read some where that the mint doesn't roll coins and sends out bags to be rolled by another company who in turn sends them back to the Mint distribution center to be sent to public.
What has been your experience with U.S. Mint coins.
Rookie Joe
0
Comments
Most bag and rolls have been store improperly and have turn brown from moisture.
They may look good on the end, but inside they turn.
Plastic roll tubes often have nice coins.
Glen
The battle scars of all the good times
The Lincoln cent store:
http://www.lincolncent.com
My numismatic art work:
http://www.cdaughtrey.com
USAF veteran, 1986-1996 :: support our troops - the American way.
I am still feeling my way around these kinds of issues.
I bought 2003 nickels from the mint and sent in the 'D' coins I got back 2 65's and a number of 64-63's
It was a good learning experience for me. After selling these coins I will probably lose about $100. I believe I can now tell a 64 -65 pretty well now.
In February I opened a P & D roll of Michigan quarters and sent in 22 coins (maybe too many). I thought they looked good no major hits only a couple of light marks with clean fields and decent strike. Look forward to getting them back and studying them. I thought the D's looked better than the P's which typically isn't the case.
I then opened the P roll of 2003 nickels and they looked much bettter than the D roll and found 8 I thought were worthy of sending in.
As some of you mentioned I got 2 rolls of Michigan quarters from the bank and only found 1 coin I thought was worthy to send in.
These 9 went out today.
The jury is still out on this matter for me. Maybe I will try a couple of bags with the Florida quarters and see how they are.
Boy this is real fun!!!
they sell from their website.
I've gotten lots of rolls with occasional choice pieces in them from the bank.
We ARE watching you.
Would it be correct to surmise then that bags from the Mint would be higher quality without the process of rolling them being done?
And if so is it worth the extra premium to get them.
Rookie Joe
Go BIG or GO HOME. ©Bill
<< <i>As Coppercoins and JohnZ said there is no difference between the Mint rolls and the bank rolls. This would seem to be correct since the Mint sends out the coins to be rolled and do not roll them themselves. So either way they are bagged first then sent out to be rolled and then distributed. Same amount of handling.
Would it be correct to surmise then that bags from the Mint would be higher quality without the process of rolling them being done?
And if so is it worth the extra premium to get them.
Rookie Joe >>
Theoretically yes. There are some who claim to be able to see a difference between
bags and rolls but it would seem to me that the coins would have to go through the
counters many times before I'd notice a difference. In the case of the current mint
bags, these can sometimes get some very rough handling in transit and this would
be noticeable.
<< <i>Statehood quarter rolls at shows, the mint, etc. for $12-$18 per roll and they are right down the street for $10 at the bank. I just don't get it! >>
Simple answer, They aren't available down the street at the bank!! So far the local banks around here hav gotten in shipments of Unc rolls of MA from Philadelphia, VA from Denver, and some OH Denvers. All the other state quarters in this area have been circulated material that has trickled in from other areas. If you want Unc quarters you have to buy the rolls elsewhere. I have a dealer who gets them for me at $11.50 I either buy a roll of each from him, or settle for a circulated piece anywhere from six months to a year after they come out. That $1.50 a roll premium is worth it to me to get Uncs in a timely matter.
To buy, grade, and resell at a reasonable price timing is important.
A small premium for early receiving of the rolls is acceptable but I am thinking that $76 for a $24 P & D bag from the Mint is a little too much unless the coins are much better.
That is where my dilemma is right now it will be straighten out when I get my submissions back and see how they grade.
I sent in 10 coins of P michigan from 1 Mint roll and only 1 P from 2 bank rolls???
learning is fun
Rookie Joe
all of the rolls and bags directly from the mint since 1999 (non-existent before this),
have all been that these are exactly what you get in circulation.