Monday, September 26, 2011

Bank Wrapped Coin Rolls or NOT

While recently searching for old ,never openedbank rolls of coins, I could not help but notice all of the shady listings.
I went so far as to buy a few. Of the 10 received, only 1 was a genuine, old bank roll.
This guide will list just a few things to be aware of when buying rolls.
ONE. Anybody can buy a roll crimper, fill a modern papertube and fill it with coins. These rolls will NOT have a bank name on them and are not bank rolls.
Two.If you have ever seen an unfiredshotgun shell, then you know what a shotgun roll looks like. Rolls listed as shotgun rolls are often shotgun crimped on one end and either hand crimped or even taped closed on the other end. Some sellers show the factory shotgun shell type crimp and omit the homemade opposite end. True shotgun rolls should be obviously intact on both ends with no signs that one end has been hand crimped or opened and resealed.I bought a feworiginal rolls that were very obviously opened on one end and the crimp was resealed by hand. Guess what? Only generic, worn out coins inside.
Three.Tightly sealed bank rolls. A few disingenuous sellers have purchased mechanical rolling machines that produce very tight crimped rolls and sell as banked wrapped. Chances are these rolls are not bank wrapped and have no bank name on roll. You can usually expect the coins in these rolls to be generic dates with no numismatic values to be found inside.
If you are hoping to find old, original unsearched rolls of coins, be aware of the many traps and tricks that are offered.|You should not have to pay a premium for generic rolls.

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