Unsearched coin rolls was 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 previous girl in her 80’s. She rolled these and put them away over 50 years in the past (Proper earlier than the Wheat Pennies have been discontinued. Intelligent ha?). Now, she wants the cash and so she offered them. And since the client would not have time to go looking via them, he/she shall be promoting them unsearched for $4.95 a roll. And the vendor additionally explains that he/she took a pattern roll and located a 1913 D, a 1933 P, a pair early “S” mintmarks, and a couple of metal pennies. So the vendor says that something could possibly be hidden in these unsearched rolls. Even an 1909 S VDB (or so the story goes)!
The reality is, these rolls have been searched time and again. So there’s virtually nothing left in these rolls. There’s nothing left to seek for. There could possibly be some good dates thrown within the rolls by the vendor, however that is about it. That is completed to get the patrons to inform all people what they discovered. This could appeal to extra patrons for the sellers.
If a purchaser did the truth is purchase an unsearched hoard from an previous girl, I might guess that they’d search via them first. In any case, a set stashed away 50 years in the past would undoubtedly reveal a treasure at this time. The reason being, some dates could not have been price sufficient to gather again then (generally as a result of the cash have been simply minted). However, they might be price it now. Moreover, the cash would have much less put on on them due to much less circulation. So these cash could possibly be price a fairly penny simply on their grades alone. Quite a lot of dates aren’t price a lot in decrease grades, however are price one thing in larger grades.
So the following time you come throughout a dutch public sale and the vendor says it is unsearched, you recognize it isn’t true. They’ll say that it has or hasn’t been searched. It would not matter. The necessary factor is that you simply pay common market value for it. If it is overpriced, simply go to a different vendor. I’ve seen, that the larger their story is, the upper their value is. And sellers do that to each sort of coin on the market. I’ve seen unsearched Mercury Dimes, unsearched Morgan {Dollars}, unsearched Indian Heads, unsearched all the things. Simply purchase elsewhere if the costs are too inflated. It will make it easier to keep away from paying the excessive charges for nothing.