Advice needed on what to do with possible "original roll" of MS Silver Washington Quarters
SanctionII
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The first part of my day was lousy. After finishing the lousy part I took a few minutes off before heading back to the office. I stopped by a local shop and talked to the coin guy who a couple of weeks ago sold me 118 toned MS and Rainbow toned proof clad quarters [the best of which are now sitting in a Dansco album]. I first asked to look at his supply of silver Washington quarters. I picked up a nice 1954 s to use as an upgrade coin in the Dansco Album.
In his inventory of silver quarters, I also saw a possible "original roll" [not in the strict sense of being original from the mint, but "original" in the sense that a collector acquired it or assembled it, in the year of striking, with MS coins and hid it away for decades], marked in ink "1955-D UNC". I asked the coin guy about the roll. He said it had been in inventory for a long time and that it was acquired by the shop in a bulk purchase from the estate of an old time collector. I asked how much. He said "let me check to verify it is 1955-D". He opened both ends and found that inside the paper roll [which has the look of a paper coin roll from the 50's-60's] was a second layer of paper. Specifically the coins were wrapped inside a layer of white tissue paper. He opened the tissue on both ends and saw an end roll toned 1955 obverse and an end roll toned D reverse. I commented that maybe between the two end coins were 38 MS 1932-D coins [wouldn't that be a blast if the old collector pulled such a trick]. The coin guy laughed and quoted me $60.00 for the roll.
I figured what the heck, my day had been lousy, maybe I could brighten it up. So I bought the roll.
I am know holding the roll in my curious, grubby hands, turning it over and over, wondering about who took the trouble of placing the coins in tissue paper before placing them in the roll. I am also wondering what to do with the roll, Open it? or leave it be and sell it as a grab back type item?
What say you, noble forumites. Have any of you had similar experiences? If so, what did you do? What should I do with the possible "original roll"?
In his inventory of silver quarters, I also saw a possible "original roll" [not in the strict sense of being original from the mint, but "original" in the sense that a collector acquired it or assembled it, in the year of striking, with MS coins and hid it away for decades], marked in ink "1955-D UNC". I asked the coin guy about the roll. He said it had been in inventory for a long time and that it was acquired by the shop in a bulk purchase from the estate of an old time collector. I asked how much. He said "let me check to verify it is 1955-D". He opened both ends and found that inside the paper roll [which has the look of a paper coin roll from the 50's-60's] was a second layer of paper. Specifically the coins were wrapped inside a layer of white tissue paper. He opened the tissue on both ends and saw an end roll toned 1955 obverse and an end roll toned D reverse. I commented that maybe between the two end coins were 38 MS 1932-D coins [wouldn't that be a blast if the old collector pulled such a trick]. The coin guy laughed and quoted me $60.00 for the roll.
I figured what the heck, my day had been lousy, maybe I could brighten it up. So I bought the roll.
I am know holding the roll in my curious, grubby hands, turning it over and over, wondering about who took the trouble of placing the coins in tissue paper before placing them in the roll. I am also wondering what to do with the roll, Open it? or leave it be and sell it as a grab back type item?
What say you, noble forumites. Have any of you had similar experiences? If so, what did you do? What should I do with the possible "original roll"?
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Remember they could be anything you wish........open it and it spoils the dream. Maybe a roll of SLQ's perhaps???
Looking for PCGS AU58 Washington's, 32-63.
I posted me thread 1/2 hour ago and have had many replies. The majority of replies says bust the roll open and look inside. I am tempted. I was amused when I commented that the roll might hold 38 MS 1932-D quarters. Then coynclecter mentions SLQ's. Maybe instead of 38 MS 1932-D quarters, there are 38 MS 1916 SLQ's in the roll. Wouldn't that be a hoot [imagine what it would do to the pops and the market if I sent in 38 MS 1932-D or 1916 quarters for slabbing].
Keep your replies coming. It is interesting to see what forums members would do if they were in my shoes. I must say though that I am very tempted to open the roll.
second best guess is a bunch of steel washers.
You won't know until you open it though.
BE SURPRISED!!!!!!!!!!
Lee
Update time.
I thought about things until late last night and dreamed of finding 38 MS 1932-D or 1916 SLQ quarters inside [I also though about what I would do with my new found riches]. Then I caved in and opened the roll.
Inside were 38 MS 1955-D quarters. The tissue paper had caused some toning on the edges. Also some of the coins have some light white spotting on them. Other than the above the coins are nice. In my uneducated and inexperienced opinion on the grading of Mint State Silver Washington Quarters, a few would maybe go 65. Some would go 64 and a bunch would go 63.
I also bought a roll of MS 1958 quarters that were in a clear plastic tube. I looked at those last night and they are gorgeous. Much better in appearance and eye appeal than the 1955 roll. Some of the 1958 coins would in my opinion go 66-67 and many of them would easily go 65.
Anyone have any idea what the values for 1955-D 63, 64 and 65 coins are and what the vaule of 1958-P 65, 66 and 67 coins are? If so, please post.
Thanks to you all for your comments. I had fun on my mini treasure hunt.
Your killing us with the suspense!
For those of you who replied yesterday, I gave an update thread this morning on my opening of the roll. Feel free to read and comment. Thanks to all who replied. I enjoyed reading them. The majority of replies siad "open the roll". I guess that coin collectors in general can not resist opening an "original roll" in the hopes of finding hidden treaure therein.
Cameron Kiefer