Coin World says BU roll market is heating up.
cladking
Posts: 28,748 ✭✭✭✭✭
Pg 74 of the 7-18-05 CW Al Doyle says the Bu roll market is starting to heat up for the
first time since the spectacular rise and crash of the mid-'60's. There has been increasing
interest for some time but it's difficult to believe anyone is going to be trying to find rolls
of coins like '69 or '71 quarters simply because there aren't enough to make a market.
Those who like the coins can find them as singles or in the mint sets and they'll be much
better quality than original rolls. If these go up it would be caused by speculative demand
in all probability.
There are cent rolls of most '65 and later dates as there are nickel rolls. Half rolls can be found
though some are pricey. Ike rolls were relatively common but many of these have been busted
up already. SBA and Sac rolls are still available. Except for the '65 issues, '76 quarters and post-
'95 coins one will find the dimes and quarters almost non-existent. And after all the effort of
chasing them down, most rolls will be poor quality. The only thing to recommend most of these
is that there is no other source for varieties except the worn coins in circulation.
It's difficult for me to believe much of a market can ever exist in these.
first time since the spectacular rise and crash of the mid-'60's. There has been increasing
interest for some time but it's difficult to believe anyone is going to be trying to find rolls
of coins like '69 or '71 quarters simply because there aren't enough to make a market.
Those who like the coins can find them as singles or in the mint sets and they'll be much
better quality than original rolls. If these go up it would be caused by speculative demand
in all probability.
There are cent rolls of most '65 and later dates as there are nickel rolls. Half rolls can be found
though some are pricey. Ike rolls were relatively common but many of these have been busted
up already. SBA and Sac rolls are still available. Except for the '65 issues, '76 quarters and post-
'95 coins one will find the dimes and quarters almost non-existent. And after all the effort of
chasing them down, most rolls will be poor quality. The only thing to recommend most of these
is that there is no other source for varieties except the worn coins in circulation.
It's difficult for me to believe much of a market can ever exist in these.
tempus fugit extra philosophiam.
1
Comments
<< <i>CW Al Doyle says the Bu roll market is starting to heat up for the first time since the spectacular rise and crash of the mid-'60's. >>
Heh, heh...... he hasn't been observing the quarter rolls of 1983, 1983-D, 1986 and 1986-D over the past 7 years!
Yellowjacket
I have one roll.
Let me know when the peak market is and I'll sell it.
My posts viewed
since 8/1/6
So when in the 1960's did the BU roll market collapse, and why, and what happened to the (then) more common rolls such as, let's say, 1962-D cents or 1963-D nickels that had only been put away in the first place because of speculation? Obviously a lot of the common silver rolls went bye-bye during the 1979-80 Hunt Brothers bubble, or the more recent 2011-2012 bubble, but did the non-silver rolls get held for decades until the speculators died?
The roll and bag market collapsed in May of 1964. The cause was "tulip" style speculative hoarding. I have often wondered just what happened to all of those cent and nickel rolls and bags. I wonder how many are still out there 52 years later and how many were just cashed in at some time. The ability of coin hoarders to refuse to part with their "treasures" is legendary.
A while back, a BM coin shop sold OBW BU cent rolls, 1959 and up, for 75 cents a roll. He was tired of seeing them clogging up space in the store. There were several HUNDRED, IIRC, of 1960 and 60-D alone.
Think about what 50 cents would have bought in 1959, or even if the 50 cents would have just been put in a "passbook" savings account.
My pair of Collies helped reduce the number I bought. Her pups were born in our master bedroom closet (pretty big walk in) and that's where their "safe" spot was. However, one day, I was greeted to a great shiny copper sea. The puppies had gotten into the rolls, torn them open, and scattered them. I do not remember how many rolls, but I was not going to sort and count and put in new wrappers, so all the loose ones went to Coinstar and turned into 100% restaurant gift cards.
Cool....about time
Steve
I hope the State Park "S" mint Unc quarters get attention at some point.
Getting into Dansco and Whitman albums would be a good stepping stone!
Lots of them went straight into circulation when the market collapsed but they have been drifting into circulation for half a century since there were so many of them. In fact if you look at about 100 1964 nickels from circulation you'll see several coins that range in grade from XF to slider Unc. But in 100 1965 nickels you'll be lucky to find even a high end VF. The '65's and later simply weren;t saved.
These markets haven't done too well since '05 and took a beating in '08 from which they are beginning to recover. Nice Ike rolls bring a good premium again.
I've never had the discipline to keep solid BU rolls for years. I just get too antsy and end up opening them to look at what's inside. I guess I am not a good coin hoarder.
I have 100's of rolls all mix dates and around $10k worth of new stuff as well from 1958 to date miss some dates like 1982-3 in quarters. I just moved a shoe box of mixed BU rolls of cents off my desk, I hoard to well.
Hoard the keys.
"Inspiration exists, but it has to find you working" Pablo Picasso
I know that the rolls I usually watch and sometimes buy on eBay have been moving up lately, in some cases dramatically so.
It's hard to say if that's a trend or just an eBay aberration.
t > @CaptHenway said:
Uh, This thread is 11 years old.
Bob
I have a bunch of rolls of 1963 nickels that my dad put away, never did understand why until now.
My only foray into rolls was when the State Quarters mintages plunged for the territorial quarters, when I picked up a few. Of course, I didn't obtain any rolls of the only release that seems to have a premium now—Virgin Islands. Sigh.
I've been buying for many years. Am finally starting to sell but I'm not getting much interest, even at below bid. Not sure why they think the market is heating up.
http://macrocoins.com
Interesting comment. Of course, I can't remember the last time I saw a 1965 nickel in circulation.
So the Mint's date freeze worked.
I had to look hard to find a nice one in circulation about 10 years ago.
There were actually two date freezes. The first was in 1964 but this was superceded by the Coin Act of 1965 which froze the '65 date until such time as the treasury secretary determined it was no longer necessary. At the time many collectors expected the '65 date in perpetuity.
But there were many other actions taken to to break the will of collectors. Mint and proof sets were both discontinued in 1964 and then not replaced at all until late in '65 with the SMS's that nobody at all liked. Mint set collectors considered them proofs and proof set collectors considered them Uncs but they were really neither (or maybe both).
Mint marks were discontinued and the precious metal was removed from the quarter and dime. There was even a bill introduced by senator Bible that would make collecting modern coins illegal. All this coupled with the greatly inferior strikings of 1965 and the huge mintages were more than sufficient to kill the modern coin market in '64/ '65.
The remarkable thing wasn't that it was killed but how long it stayed dead. Until the states quarters program that netted the government billions of dollars the modern market was quite tiny by any reckoning. If they really wanted to make a lot more money they'd start withdrawing all the heavily worn and cull quarters from circulation. These would be replaced by new parks quarters and there would be a growing perception that the older eagle reverse coins were becoming scarce. This and the fact that the eagle reverse has already been ended by legislative action would spur millions to collect the older clad quarters. New quarters already comprise nearly 60% of circulating quarters so a little action could have a dramatic effect. About half of the surviving older quarters are worn or culls so the percentage in circulation could drop under 20% even if the public doesn't start saving them.
I have BU Cent rolls from 1959-1970 to this day. Too bulky to get rid of. I must have looked at the 1969 cent roll a dozen times for double dies. About a year ago 6 tubes spilled out and they are now in a plastic bag in a bc. I have yet to try to sort them back into the proper tubes. A section of my HO scale layout where I had to replace a turnout (electrical problem) and some track in 2011 has not been reballasted (I may just keep it that way as a model of RR repair).
I can c people putting away BU rolls of AGE, AGB, ASE but clad stuff? - dream on. 69-71 clad quarters they made billions of these and sure some fanatic may pay moon money for some top pop but I never would. I recall 1950-D nickel rolls were trading at $1000 in 1964 as they were the king of coins. As a teen I would read the investment articles in Coinage magazine by Paul Green. You could buy a nice Double Eagle for around $50-$80.
I haven't seen any 2009 Lincoln cents in circulation for a few years now. Definitely some hoarding going on there.
Box of 20
There is massive hoarding of 2009 cents . I buy $20 or so of customer wrapped pennies every week or so to look through and find maybe 2 or 3 2009's at most.
I used to search rolls 1959-84. Gave it up for a new wife, and put a box of stuff in the basement. A few rolls of 1982-P nickels, included for no reason, straight from the bank. Fast forward thirty years, when I rediscovered the box. The rolls sold on eBay for something over $150 apiece.
Then it dawned on me: people searching for super grades. I didn't bother looking at the coins, just nickels to me. If there's a revival in rolls, that could be a reason. But I wouldn't buy any myself, because good stuff usually gets picked over.
my early American coins & currency: -- http://yankeedoodlecoins.com/
One fellow /associate/ collector/dealer who makes a market in them (BU ROLLS), once brought me a coin to submit for him. If I recall correctly it was a 1968 S Lincoln cent , struck on a dime planchet found in a BU Roll.
With that , I'll just add : "must be nice finding that kind of stuff, I'm never that fortunate".
``https://ebay.us/m/KxolR5
In fact if you look at about 100 1964 nickels from circulation you'll see several coins that range in grade from XF to slider Unc. But in 100 1965 nickels you'll be lucky to find even a high end VF. The '65's and later simply weren;t saved.
Comparing the 1964 Jeffs to anything that followed doesn't work well. The mint produced 1.8 MILL 1964/1964-d Jefferson nickels. Only 136 MILL 1965's. Apples and oranges. Well into the 1970's and 1980's, the most common nickel was always one dated 1964. Those things hung around for decades. And the fact that so many remained in high grade was strongly related to the fact that they made so many of them. The quarters and dimes were the work horses of the coinage system.