The Bullion and Exchange Bank Carson City, Nev Morgan Rolls
Hcraig
Posts: 4 ✭
My quick research led me to believe that this bank went bust over 100 years ago. There are a few rolls of Morgan dollars with CC end coins showing on eBay. Are these things really wrapped up tight for over 100 years? Why are the end coins showing mostly so very white?
I collect large cents and mistakes of all denominations and series.
2
Comments
Run away. FAST!
In honor of the memory of Cpl. Michael E. Thompson
The "best" coins will be on the end for a reason. strategically placed. In other words, don't waste your money.
Because it's a scam.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
I agree with messydesk
Danger,danger Will Robinson!
There's a button for that
SCAM!!!!!
Yep... SCAM!!! Stay away.... and welcome aboard..... Cheers, RickO
Want some of those bank roll papers? Here, let me turn on my printer.
You have to ask yourself one question: "Would I sell this not knowing what's in it?" I would be willing to bet that your answer is a definite "NO"
Collector, occasional seller
An interesting subject for only your 1st or 2nd posts ever on the forum (ie scammer rolls),
I'll bet there's no follow up post.
Curiosity dictates that the seller has already looked inside. He's looking for the next sucker.
Capital investment depends on confidence. - Martin Armstrong
Since mechanical coin wrapping didn't begin until the mid 1930's I would say they did not come from that bank.
bob:)
The only thing "wrapped up tight" is the seller's honesty.
Sorry about the delayed follow up. Been baking cookies with the grand kids...
So is all this 'good' feedback about the rolls a lie? It looks like people are opening up the rolls and liking what they are finding.
This is a recent closed auction.
http://www.ebay.com/itm/20-Silver-Dollar-Roll-CC-and-CC-Morgan-Dollar-Ends-/222314112645?nma=true&si=JXTPJXY5ZTSq4m7obOgti75l4cc%3D&orig_cvip=true&rt=nc&_trksid=p2047675.l2557
The rolls do indeed look to be mechanically wrapped. Could 'old' wrappers have been used in making the mechanically wrapped rolls.
I would like to hear opinions about the lack of color. There is a seller in MN offering VERY toned end coins showing on the rolls. They seem to be of a much more recent vintage. One wrapper has a pic of a bank building (the first national bank of Washington KS) that looks like the high school I went to that was built in 1959. How long could they remain wrapped and not tone?
I collect large cents and mistakes of all denominations and series.
There's a 14 day return policy but I'm guessing it doesn't cover opening the roll
Notice the unopened 2008 W Silver Eagles have disappeared from Ebay ,, maybe the old rolled Morgans will too
Well, those coins have been that roll for about a week or so...
So I'd say about a week or so.
Lets look at the math on this feedback-"All BU, Avg MS62-63, 9 common dates, 3 cc, overall Very Nice Coins". So say he got 3 MS63 CC 1882,83,84- these go for about 200 each certified. He got 17 AU-BU common date coins- use a high average 50 dollars each retail= 850, plus 600 is $1450. People are paying an average of $3000 per roll? You can buy the three MS63 CC and 17 different MS63 common dates Morgans already certified for less than $2000. This seller is making a killing rolling up common date AU-MS coins- quite a scam.
People want to believe
mark
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
PT Barnam said it best....there's a sucker born every minute. Total BS every time, all the time.
Ike Specialist
Finest Toned Ike I've Ever Seen, been looking since 1986
when did the practice of rolling coins in paper begin?
scam
the good feedback is from people who don't know any better.
This is a scam.... no doubt about it.... anyone who buys them, has been conned and will lose money. Cheers, RickO
The earliest documents relating to putting coins in paper rolls come from the early 1850s. The new gold dollars were small and cumbersome to handle, so sub-treasury paying clerks and Post Office workers occasionally put them in rolls of 100 pieces to make handling more convenient. These were individually hand made paper wrappers using whatever paper was available. This did not become a normal practice until the 1890s when stock paper wrappers were made to accommodate business customers. Stock wrappers will never have crimped ends - those came from counting/wrapping machines which did not reach general bank use until the 1930s.
The US Mint did not wrap coins. (They still don't - promotional rolls are prepared by contractors.)
As AUandAG stated above, the machinery for wrapping coins in the paper with the rolled ends wasn't around until after The Great Depression. The Bullion and Exchange Bank of Carson City was insolvent long before the equipment was even invented.
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.american-legacy-coins.com
If you folks don't think this is a shill for those auctions, I'll sell you some rolls myself. He/she is even posting a link to positive feedback. PLEASE!
Baking cookies with the Grandkids??!! HAHAHAHA!
Scam for the gullible. Even if CC on end is that item u will receive? Even at best a cull. Never buy any roll where all coins are not pictured and no statement by buyer "the item pictured is exactly the item u will receive."
Just use common sense and ignore their "history" sales pitch. These people are like the same people ripping kids and the elderly with lavish coin sets of cleaned junk coins in fancy framed holders pictured the gold rush or something like that.
No coin person in his right mind is going to sell something unsearched or unopened where he can't properly examine the coins. Pliofilm PF sets - cut them out so u can c the coins plus that material damages the coins!
Speaking of scams/shills, did anyone catch the thread ATS on the CGC side? I'm not a comics guy, but wound up there and found this thread:
boards.collectors-society.com/ubbthreads.php?ubb=showflat&Number=9648525#Post9648525
Man. those comics people are BRUTAL!! Not that the seller didn't deserve it, I'm just amazed at the total resolve those people have!
i agree with messy desk as well.
I forgot how much fun it was to tweak you all...
Only after buying one of those rolls did I think to check into it. See my new personal picture (avatar?).
Anyway - no I am not a shill and yes the cookies were oatmeal raisin because I like them and the kids don't.
The rollI got is 1879 OBV and CC rev. Both nice PL coins. Now, since all hope that there might be 20 1879-CC Morgans in there has been dashed I think I will open it up at my next local coin club meeting next month.
Cheers!
I collect large cents and mistakes of all denominations and series.
If you're wondering why some of the feedbacks sound good from "satisfied" customers, here are the possible reasons in order of likelihood:
No one comes out a winner....except the seller.
Nice PL coins? I highly doubt that. Show us pics of the 2 end coins for a GTG. Remember, they promised you "all dates and mint marks." Once you open it make sure there are coins dated 1893, 1894, and 1895....though I'd put the odds of that at 10,000 - 1.
offer.ebay.com/ws/eBayISAPI.dll?ViewBids&item=222314112645&showauto=true
In that auction, it looks like numerous shill bids to me over the $1800 level. It's not easy to find 1,000-6,000 feedback bidders/collectors that are clueless on coins and their value. This auction looks like it was run just to set a high price for other future bidders to look at. The winning bidder posted an automatic bid of $3221+ when the auction price was still at $2500. Not likely.
Did we ever open the roll Hcraig?
bob:(
I've had two of these rolls from Ebay opened in front of me. I warned the fellow not to open the roll and return them as I could tell one end did not have an original crimp that matched the other side. He decided to. The coins were scruffy Unc's with the CC end coin's reverse looking like a 67!
PS The fellow was a new collector trying to score big. As I remember he had bid over $3000 to win the rolls.
PPS Interesting info about coin rolls in the thread.
BOb, did you really expect the troll to come back here after having been punked on opening that supercalifragilisticexpialadocious roll of Gem BU's ?
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.american-legacy-coins.com
No, really did not...LOL
Hcraig, I really like your (avatar), and I encourage you to post more. Also, be sure to send in your Dum-Dums wrappers in for cool stuff! The kids will like your prizes more than the mystery rolls you've been buying, and I assure you that your money spent on Dum-Dums will bring a smile to their faces; but, probably not as memorable as others opening those Morgan wrapped rolls from ebay!
Get to a hundred posts using that iconic avatar, and I promise to arrange a free tour of Spangler Candy, along with a complimentary 300 count bag of unopened Dum-Dums. Guaranteed unopened!
https://www.savewraps.com/