Beware of fake "Sealed Box" marketing ploy

rbf

I am almost 100% positive that bank boxes like this didn't exist in 1959:

1959D GEM BU-50-OBW RED-MEMORIAL PENNY-ROLLS-SEALED BOX

Looks like the guy just bought a bunch of banking supplies and created these "sealed" boxes himself.

OneCent

rbf

Sorry about that, OneCent... my pinky hit the "enter" key by mistake before I was finished typing

stinkinlincoln

Ill pass. The rolls look off.

RyGuy

In his listing he said they were found in the original bags/rolls in the vault and the bank then had them rolled and sealed in boxes, no date was given when this was done, could've been yesterday for all we know. A bank rolled them though apparently, which is all that matters I guess.

JupitarCoins

Is their anything worth looking for on the 1959d cent?

rbf

<< <i>In his listing he said they were found in the original bags/rolls in the vault and the bank then had them rolled and sealed in boxes, no date was given when this was done, could've been yesterday for all we know. A bank rolled them though apparently, which is all that matters I guess. >>


No proof that a bank actually rolled them. Could just as easily be a guy with a Mint-sewn bag of 5,000 and his own rolling machine.

Edited to add: In any case, I think the whole "sealed box" story here is a farce. I can't help but question the integrity of a seller who makes up false stories as a marketing ploy. Ultimately the misinformed/gullible buyers end up paying more way than they should.

RyGuy

<< <i>

<< <i>In his listing he said they were found in the original bags/rolls in the vault and the bank then had them rolled and sealed in boxes, no date was given when this was done, could've been yesterday for all we know. A bank rolled them though apparently, which is all that matters I guess. >>


No proof that a bank actually rolled them. Could just as easily be a guy with a Mint-sewn bag of 5,000 and his own rolling machine. >>



I agree with you completely, odds are that is what it is, was just reading into his wording a bit. Gotta love eBay sellers.

Papi

Why would a New Jersey Bank "Garden State", an hour from Philadelphia, have 1959 D pennies?

cars

The auction says this on bottome:
EACH ROLL WILL VARY WITH DATES--NO GUARANTEES AS FAR AS DATES AND OR MINT MARKS--ONLY THAT THEY ARE GEM BU COINS

GrumpyEd

<< <i>Is their anything worth looking for on the 1959d cent? >>



Not much, just a few RPMs and minor stuff.
Not a year I'd be very eager to search.

The only big thing I remember is the one 1959-D wheat cent which is probably a fake.

1959-d wheat cent

rbf

<< <i>The auction says this on bottome:
EACH ROLL WILL VARY WITH DATES--NO GUARANTEES AS FAR AS DATES AND OR MINT MARKS--ONLY THAT THEY ARE GEM BU COINS >>



Good catch -- I didn't even notice that! However it's dated September 2006, so it may just be some old text that was copied into his listing by mistake. Either that, or it was intended for one of his "Sealed Tails/Tails" roll auction listings, which also seem kind of "suspect" to me, IMHO.

shottaker

WOW!
Now if a bank had original bags, they would have dumped them in those bags to someone unless the bags were rotten. Now a bank sending them in to brinks etc for rolling would not get them back, nor do most banks roll their own change. Even if this bank rolled their own change there would be no way unless they had tons of bags that they would end up with boxes that were all the same date etc. The disclaimer is contradictory and I'm sure a holdover from another auction. Im sure if any bank had a huge group of backdated cents that were all the same date and BU they would all have been sent back many moons ago.
99% sure this guy is setting himself up for multiple cases of fraud for a few bucks extra...........

MPLunatic

i guess someone could check into the bank and find out when they closed and try to find out some info that way.

I found an interesting wikipedia article on the bank Garden State National Bank

looks like the bank closed in the late 70's

shottaker

<< <i>i guess someone could check into the bank and find out when they closed and try to find out some info that way.

I found an interesting wikipedia article on the bank Garden State National Bank

looks like they have been gone awhile, so rolls might be legit >>


Merged in 1980. Figure 5 or 6 years MAX until all of the signs etc were changed. The box color is way too sharp as are the roll ink for 20+ years. Also no way they would have sat for that long in any bank vault even a central holding tank. Theres a part of us that wants this to be truly a find, but look at it subjectively and you find the answer....

CaptHenway

The Garden State National Bank rolls have a zip code on them.
Zip codes were invented in the early 1960's.
How did they get on a 1959-D roll?

TD

BlindedByEgo

<< <i>The Garden State National Bank rolls have a zip code on them.
Zip codes were invented in the early 1960's.
How did they get on a 1959-D roll?

TD >>



Great catch there, Tom

Woozy

Also, he's got pictures of rolls that say "Garden State National Bank" on them, when according to the Wiki article "The name of the bank was changed from the Hackensack Trust Company, N.A. to Garden State National Bank in 1970." This guy is clearly misrepresenting his rolls.

MPLunatic

I think what he is saying is that original rolls were found when the bank was closing, the bank then rewrapped them in their own rolls

lordmarcovan

Good point about the ZIP codes.

I once got a roll from the bank that had a bank name with the old postal code: Cleveland 32, Ohio (or whatever it was).

Inside were all circ Wheaties. The later ones had some red left on 'em.