I overpaid i think

[rickertmork]

I paid around 400 for a roll of these from some magazine around 6 years ago. All are after 1964. They claimed it was about uncirculated. They appear like some of the ones on ngc in ms to my untrained eye.

 

[AU Seeker]

Yes you did.
For halves from1965 to 1970 are worth around $12 for the 40% silver content.

 

[pepperj]

I paid around 400 for a roll of these from some magazine around 6 years ago. All are after 1964. They claimed it was about uncirculated. They appear like some of the ones on ngc in ms to my untrained eye.

Worth only $240 melt.
Better hope there's some good coins in the roll

 

[AU Seeker]

Worth only $240 melt.
Better hope there's some good coins in the roll

If there's more than that one 1971 in his photo or later dates it's whole lot less than $240 melt.

 

[rickertmork]

so condition wise, can’t they be worth more. They are all in similar condition, in the magazine add, it claimed some coins could be worth way more than 400 that it was sold for.

 

[DizzyDigger]

so condition wise, can’t they be worth more. They are all in similar condition, in the magazine add, it claimed some coins could be worth way more than 400 that it was sold for.

Caveat emptor..."Let the buyer beware"..

People can claim a lot of things, but that doesn't make them true.

Sorry, I think you got robbed.

 

[rickertmork]

I was robbed,

Coin company scams, including those involving "unsearched" coin rolls, often involve deceptive marketing that targets collectors and investors, sometimes specifically through mail-order advertisements in magazines or via television
. In Texas, such operations have been associated with misleading sales pitches that sell coins for far more than their actual market value.
Here is a breakdown of the specific scams mentioned:

1. "Unsearched" Coin Rolls Scam

• The Tactic: Scammers sell rolls of old coins (e.g., Morgan dollars, Wheat pennies, Buffalo nickels) claiming they are "original" or "unsearched" from old bank bags.
• The Reality: The rolls are "salted," meaning they have a high-value coin on one or both ends, while the rest of the roll is filled with common, low-value, or damaged coins.
• The Mark-up: These rolls are sold for hundreds or thousands of dollars more than the combined value of the coins inside.

2. Texas Magazine & Direct Mail Scams

• Misleading Advertisements:Advertisements in magazines or direct mail often feature heavily marketed "rare" or "limited edition" coins, which are actually mass-produced proof or bullion coins, not rare collectibles.
• Inflated Values: Victims, often senior citizens, are persuaded to buy these coins for up to 300% more than their actual worth.
• Legal Action: Instances have occurred where Texas-based companies were scrutinized for these practices, and lawsuits have been filed against entities for allegedly defrauding individuals of over $1 million.

 

[rickertmork]

Maybe in 20 years it could be worth something. Maybe au55?

 

[mtdoramike]

Maybe in 20 years it could be worth something. Maybe au55?

Look on the bright side, at least you got something for your money. You could have gotten a box of rocks or even nothing.

 

[mtdoramike]

Those grab bags full of coins that has NEVER been seen or touched or out of the bag, reminds me of going to those gem mining places in the mountains of North Carolina and paying $25.00 for a 5 gallon bucket of rocks and dirt. The dirt always seemed to be awfully white and the rock seemed awfully clean in those buckets. Then when they told us to dump the unwanted waste from the shifters over the side of the water trough and when I looked, the piles of cleaned rock and dirt looked just like the $25.00 gallon buckets they gave us. We left empty handed, but a bit wiser.

 

[rickertmork]

Those grab bags full of coins that has NEVER been seen or touched or out of the bag, reminds me of going to those gem mining places in the mountains of North Carolina and paying $25.00 for a 5 gallon bucket of rocks and dirt. The dirt always seemed to be awfully white and the rock seemed awfully clean in those buckets. Then when they told us to dump the unwanted waste from the shifters over the side of the water trough and when I looked, the piles of cleaned rock and dirt looked just like the $25.00 gallon buckets they gave us. We left empty handed, but a bit wiser.

Lol I feel stupid for falling for it but 6 years later a bit wiser thanks to this website

 

[mrwiskers]

A few words about silver & melt values: 1.) ... you'll not get the "melt" value from anyone who'll re-sell the silver. 2.) ... the lower the silver content, the less you'll get below melt. Right now, most refiners are only taking .999 ... Sterling, 90%, & less isn't bringing anywhere near the melt value, as refining costs money.

A word about buying coins from television, podcast, magazine ads, etc.: ...... Don't. .........

 

[Trezurehunter]

I have to agree with the others, the numbers don't lie and I'm afraid you did overpay, unless of course the price of silver continues to ride its rocket to the moon !

 

[UnderMiner]

You could theoretically have paid face value from a bank just by ordering a roll of half dollars and getting lucky with older year coins, 40% silver variants were not that uncommon to find mixed in.

 

[Gare]

I would think if claimed to be uncirculated. wouldn't they be the same year ?

 

[rickertmork]

I would think oif claimed to be uncirculated. wouldn't they be the same year ?

Ilthey said it was about uncirculated, a big difference

 

[Mackaydon]

Best I could get for sterling silverware was 80% of spot--yesterday.
Don in SoCal

 

[Gare]

My feelings still are if claimed UNCIRCULATED why would there be of different dates ?

 

[AU Seeker]

My feelings still are if claimed UNCIRCULATED why would there be of different dates ?

As already stated..."UNCIRCULATED" and "ABOUT UNCIRCULATED" or very different, "uncirculated" means that they have never been out in circulation and most likely never touched by hands and a roll "might" be all the same date but not necessarily, "about uncirculated" means they have been out in circulation, touched by hands but have very little wear and a roll WOULD NOT have all the same dates.

 

[Gare]

I still think in general they would all be the same date or at least should be