Morgan Roll Gamble... CW Article
CascadeChris
Posts: 2,529 ✭✭✭✭✭
Coming soon in the May 22nd weekly. So, who wants to place bets on whether it was a killer score... or not 
The more you VAM..
1
Comments
"The House" wins.
Lots of controversy over that bank and those bank rolls on the internet with a quick search. Will be fun to see what they find. $2,400 / 20 = $120 per coin.
"Michael Bugeja wasn’t naïve when he bid on a roll of Morgan dollars from a Carson City, Nev., bank, "
Why do so many people keep falling for this stuff? So many knowledgable collectors here have already warned people about this type of coin roll thing
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
This auction house has been selling these rolls for a while, at least five or six auctions, now.
Always the same M.O. CC on one end, BU Morgan on the other. Several different Western bank names used but the same brown wrapper printed with the same typeface.
You decide.
I think he'll be lucky if it turns out to be OK, but I know it will be a fun read for the rest of us.
There used to be a video of a couple of guys unwrapping one of these rolls on U-tube. But, I cannot find it. It had a CC on one end and junk coins or common coins for the other 19.
bob
There is already enough out there to lose on that you can see, why make it easier.
NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
RIP "BEAR"
Ah but just think what their sales would be like if they would randomly seed a couple rolls.
I'd like to see the early 20th century laser printer used on those paper rolls, that sucker is RARE!
we need to publish our own subscription magazine / web site.
Cool, maybe next month we can read about Michael Bugeja's astute bid on an unopened mason jar of coins from estate sale out of Paducah, Kentucky.
For $2,400 to a dealer of my choosing I can ensure the buyer that they will get a roll of material they could sell for approx $2,000. It will no doubt be better than what they got from this particular seller. I'd be surprised if that roll exceeds $1,000 in value. Would be good to get this info there. Unfortunately, most of the buyers who end up with this stuff probably never read a numismatic publication....until it's too late.
...I think the headline of the 2nd topic will be the outcome of the first
Especially knowing a major magazine was going to cover it!
Is this an episode of 'Real Coin Rolls'? Or 'Numismatists in Action'? Reality coin roll searches...I can see it now..prime time for coin geeks...
Cheers, RickO
I'm sure the author has enough common sense to have already ordered/received the random rolls they are going to look through. It would make zero sense to publish this teaser article before inspecting a random, ordered roll. Randomly seeding some rolls probably isn't going to work. Who would believe the people that supposedly got these? Or that they were working for the seller and weren't true customers. And one would think that these sellers are not about to give a few $thousand dollars away.....even a single time.
I predict he hits a home run and it is seeded with a monster... and it will scratch a lot of gamblers itches.
I know Michael and win, lose or draw the $2400 won't make or break him. That being said, if it looks too good to be true ................... well you know the rest.
Where are the links to the stories about those who bought them and opened them?
BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore, Nickpatton, Namvet69,...
No kidding. This has the potential of being a really deceptive article. Saying someone isn't naive and that he hoped to score on a gamble that is well known to be a scam could give some credibility to these sales and instill false hope in people that like to gamble that there is the possibility of a positive outcome in buying these things. I'm hoping that CW exposes these sales for the scams they've been known to be for a long time.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
More like it would give gamblers and itchy rash that they will be scrambling to scratch. No way he gets anything good in this roll, I'd bet on that.
Collector, occasional seller
Those being exposed aren't CW advertisers. Not reporting this as an exposé when it is well known what these sales are about destroys CW's credibility and almost gives the impression that they are complicit in these sales.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Where is ANA on this? Should not the ANA be aggressively pursuing fraudulent and misleading sales and advertising? Does that not aid in brining in new collectors? A few well-placed letters of complaint and notices from ANA might do wonders at discouraging low-level scum.
I believe if anyone should be brined in this case, it should be the sellers.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Salty words indeed!
What if the whole intent on this article is to show that these sales are deceptive and fraudulent? By stating the buyer is not naive could be used to mean that they know exactly what they are purchasing, but that they want to show an audience that they are a scam. They may give hints and red flags to watch out for to make sure other people don't get burned. It may turn out to be an exposé. They just want to draw in the crowd of people who are more likely to get scammed by these deceptive sellers.
Yep, that's the way the CC bank labeled the rolls with fancy script
Any updates as to what he found?
I just wonder how many of these things they have sold?
Why wait for CW to publish their article when you can participate in your own fun??
https://forums.collectors.com/discussion/981504/morgan-roll-gamble-cu-style#latest
I think the results were already posted. I read over on CT that the results were as expected, no gems all common date stuff 62 63 range. I think he estimated around $1600 for a $2500 investment. Don't quote me. I'll see If I can find the link.
eBay ID-bruceshort978
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https://www.cointalk.com/threads/morgan-roll-gamble-cw-article.296046/page-2
eBay ID-bruceshort978
Successful BST:here and ATS, bumanchu, wdrob, hashtag, KeeNoooo, mikej61, Yonico, Meltdown, BAJJERFAN, Excaliber, lordmarcovan, cucamongacoin, robkool, bradyc, tonedcointrader, mumu, Windycity, astrotrain, tizofthe, overdate, rwyarmch, mkman123, Timbuk3,GBurger717, airplanenut, coinkid855 ,illini420, michaeldixon, Weiss, Morpheus, Deepcoin, Collectorcoins, AUandAG, D.Schwager.
Of course there was never any doubt as to the results. If they had found a coin of value, there would have been a stampede for those auctions and prices would have sky rocketed...
.... Cheers, RickO
Surprised with CW ginning up the story..
Here are the results, from Calcol's CT thread:
1879 MS-65 (obverse end coin)
1884-O MS-63
1885-O MS-62
1883-O MS-62
1884-O MS-63
1885-O MS-64+
1888 MS-63
1886 MS-64 (toned)
1898 MS-63 (toned)
1887 MS-63
1884-O MS-63
1885-O MS-62
1881-S MS-64
1885-O MS-63
1883-O MS-63
1888 MS-63
1885-O MS-63
1888 MS-63
1888 MS-63
1883-CC MS-64 (reverse end coin)