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Thread: Presidential dollars

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  1. #1
    us
    Apr 2011
    1,698
    1121 times

    Presidential dollars

    Was wondering if anyone went through presidential dollars, for errors obviously. I used to, and quickly decided it wasn't worth my time.

    However, in the past two weeks I've stumbled across multiple unopened mint rolls at banks for face value. These are the red, white, & blue rolls with the President's name on the roll. Last week I bought $500 worth hoping to flip them, and today ran across another 22 rolls at a different bank. I went against my normal rule of never cherrypicking at the bank, and just took unopened rolls of Washington and Lincoln today, as I was low on funds.

    I'm trying to decide whether to try to unload the rolls (haven't had much luck in the past, and will be tying up hundreds of dollars), save just the rolls with known errors (still a few hundred dollars worth), or go ahead and open the rolls that may contain errors, look for them, and turn everything else back into the wild.

    Any (constructive) thoughts would be appreciated.

    FT
    Honest Samuel and wagbert like this.

  2. #2
    us
    Mr.

    Jan 2017
    Liberal Country (Mass)
    The only two certainties in life are death and taxes. Hell, the government here even has a tax on death.
    171
    54 times
    Not Coin Roll Hunting
    There was this one dealer that I knew and traded with frequently. One time I asked him what he would pay for a bunch of Presidential dollar rolls I got from the mint. He said heŽd pay 95 cents a coin, since it would take him five cents worth of time to deposit each of them at the bank.
    Honest Samuel and wagbert like this.

  3. #3
    us
    Apr 2011
    1,698
    1121 times

    Presidential dollars

    Yeah, last time I got a bunch I tried selling them at my local coin club auction. I sold a few rolls for $2 over face, a few for $1 over face, and the rest for face just to get rid of them. I had one jack-wagon buy a roll of Washingtons for $27, rip them open to look for the no-edge-lettering error, then try to use the 25 dollar coins to buy another roll! I told him I accepted bills only. Somewhat discouraging and really not worth my time.

    I'm leaning towards just looking for errors, then turning them all back in.

  4. #4

    Dec 2013
    Northern US
    Minelab 705
    195
    80 times
    All Types Of Treasure Hunting
    FT, I picked up $1600 worth of similar coins in US mint rolls at a bank in October and have sold about $600 worth for only a grand total of $30 profit. Sadly not worth the time or effort.

  5. #5
    us
    Sir

    Sep 2015
    Connecticut
    Minelab
    5,558
    2523 times
    All Types Of Treasure Hunting
    Do not search for error coins.

  6. #6
    us
    Apr 2011
    1,698
    1121 times
    Quote Originally Posted by Honest Samuel View Post
    Do not search for error coins.
    Care to amplify?

  7. #7
    us
    Mr.

    Jan 2017
    Liberal Country (Mass)
    The only two certainties in life are death and taxes. Hell, the government here even has a tax on death.
    171
    54 times
    Not Coin Roll Hunting
    I think you'll have excellent luck searching for errors. No denomination is as fun to hunt as dollars. Would highly recommend; they're probably even better than halves.

  8. #8

  9. #9
    Charter Member
    us
    random chat thread member

    Jul 2017
    Texas
    bounty hunter time ranger bounty hunter quick draw 2
    2,919
    4317 times
    coin roll hunting,shooting,Metal Detecting, swimming,
    only once i found 4 Susan B. Anthony dollars
    i'm a rebel from today's culture

 

 

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