Unsearched coin rolls used to be extremely popular. These days they’re nonetheless offered, however not as a lot as earlier than. The lure of an unsearched coin hoard of Morgan Dollars or Indian Head Cents is simply too tempting. However is it too good to be true?
The story goes like this. Somebody says that they purchased an enormous hoard of Lincoln cent pennies from an old woman in her 80’s. She rolled these and put them away over 50 years in the past (Right before the Wheat Pennies have been discontinued. Intelligent ha?). Now, she wants the money and so she sold them. And since the customer would not have time to look via them, he/she can be promoting them unsearched for $4.95 a roll. And the vendor additionally explains that he/she took a sample roll and located a 1913 D, a 1933 P, a pair early “S” mintmarks, and a couple of steel pennies. So the vendor says that something may very well be hidden in these unsearched rolls. Even an 1909 S VDB (or so the story goes)!
The reality is, these rolls have been searched over and over. So there’s virtually nothing left in these rolls. There’s nothing left to seek for. There might be some good dates thrown within the rolls by the vendor, however that is about it. That is achieved to get the consumers to inform everyone what they discovered. This is able to appeal to more buyers for the sellers.
If a purchaser did in actual fact purchase an unsearched hoard from an old lady, I’d guess that they might search by them first. In spite of everything, a group stashed away 50 years in the past would positively reveal a treasure right this moment. The reason being, some dates might not have been price sufficient to gather again then (generally as a result of the cash have been simply minted). However, they could be price it now. Moreover, the coins would have much less put on on them due to much less circulation. So these coins might be worth a pretty penny simply on their grades alone. Loads of dates aren’t worth a lot in lower grades, however are worth something in higher grades.
So the subsequent time you come throughout a dutch public sale and the vendor says it is unsearched, it is most likely not true. They will say that it has or hasn’t been searched. It does not matter. The vital factor is that you simply pay common market value for it. If it is overpriced, simply go to a different vendor. I’ve observed, that the larger their story is, the upper their value is. And sellers do that to each kind of coin on the market. I’ve seen unsearched Mercury Dimes, unsearched Morgan Dollars, unsearched Indian Heads, unsearched every thing. Simply purchase elsewhere if the costs are too inflated. It will enable you keep away from paying the excessive charges for nothing.
