Value of US Mint wrappers on presidential dollar rolls

I bought rolls of Washington Presidential dollars from the mint and just subscribed for one set of rolls for each subsequent release.

My question is whether there would be a future premium value for keeping the coins in the original mint wrapper?

Obviously, you can't check them for errors or even see them without removing them from the wrappers.

I'm curious about what people are doing with these rolls.

 

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the mint wrappers are filled by a 3rd party, not the mint.. so any premium based on the coins within such rolls are only inflated by the less knowledgable ( and for the record, i do own such rolls of other denomiations - before i knew better lol)

I am considering buying the mint rolls... ONLY because in the rolls the coins have less of a chance of getting touched by me or my child, so over time (i hope) they might remain in better condition ... But i could also go to the bankto buy the bank rolls for face, and still end up with better quality coins.. its a crap shoot ...

 

IMHO buying rolls to keep in their wrappers is strictly an investment, based on the expectation that they can be sold for a profit at some time in the future.

I want to see the coins in my collection, each and every one of them!

 

wrapper roll price in the future

i think bank wrapped roll might command a better price than the u.s. mint wrapped roll in the future. simply because the mint wrapped roll sold a lot on each offered. and almost all collectors and curious individual bought them at the mint. while bank rolls were being open for use.

 

Do people think that the coins in rolls sold by the mint are overall in better condition due to less handling than the ones going to the banks?

So far, the coins from the bank rolls seem to have a lot of contact marks. That might just be a consequence of the extra steps in their production.

 

DREAMER,
One of the collections that I have contains nothing but US Mint rolls. That collection is the State Quarter ROLL collection. I don't mind paying a premium for the US Mint State Quarter ROLLS because ALL of the rolls are the same. I store the individual rolls in US Mint "Licensed Products" cases. These cases are the ones that store the individual rolls (P or D mint) inside, and have a list of the order the states entered the Union. The rolls are stored in plastic "tubes" that fit into the small "cases" along with the list. Since the US Mint DID NOT make the first 8 states in ROLLS, I purchased the rolls from the "Licensed Products" company, at a premium by the way, so that I could have a matching set of the State Quarter ROLLS.
In my opinion, those State Quarter ROLLS will be MORE valuable than the bank rolled quarters. If you are going to collect all of the Presidental Dollar ROLLS, then I believe that paying a premium for the US Mint wrapped ROLLS will be worth it....in my opinion.
I hope that I have explained everything OK so that you can understand what I'm talking about. I get confused at times, and cannot explain things the way that I want.....3 brain tumors!!! Take care, and GOOD LUCK!!

swick

 

Ooo... I have to get to the Mint Site...

 

I am planning to collect all of them in rolls. The questions I have are

1. Should I unwrap them to search for errors?

2. Should I use the mint rolls or bank rolls to fill my Dansco albums?

3. Is the condition of the mint rolls better enough than the bank rolls to justify the 50% premium.

 

Technically, they are no better or worse than bank rolls as far as condition, They are all rolled by seperate contractors, not the Mint or the banks. The Mint coins don't receive any special handling. That said, there will be those that will be willing to pay more for the Mint coins down the road.

 

I'd say the wrappers are worth nothing, as only the coins inside of the wrappers have any value, however I can't deny the fact that there are some who are willing to pay more for wrappers with the Mint logo on them (I refuse to call them "Mint-wrapped rolls" because the Mint does not wrap them!). However unless you intend to sell to the uninformed I wouldn't say these are any better investment than a roll with any bank's logo on it, assuming that either roll contains the same coins. The only way I can see it worth it buying these is if no bank in your area carries fresh rolls of a given coin (say half dollars or president dollars).

25 uncirculated president dollars in a roll with the Mint logo on it is worth no more or less than the same 25 uncirculated president dollars in a roll with say, Wells Fargo's logo on it, period. Anyone who tells you otherwise is uninformed or trying to take advantage of your misconception that the Mint logo somehow confers special value or that rolls with the Mint logo on it have a better chance of being in higher condition. Coins that end up in rolls with the Mint logo on them receive exactly the same handling as coins that end up in any other rolls, and have no better chance of being in higher condition or producing more errors.

 

Perhaps if they are 100 years old, the value of them would have shot up and if a faair amount of rolls got broken up. Take the example of a Morgon dollar rol. Now that you know will cost you A LOT.

 

Well in 100 years I think an original bank roll would be worth a considerable amount of money whether it had the Mint logo on them or not lol... if you're into long term investing that your grandchildren or great-grandchildren will see the profits from, just about anything saved for that long in good condition will be worth something!

 

I NEVER said that the coins inside the rolls were worth more. What I said was, that if you collect the ROLLS that the US Mint sells, then the ROLLS are worth the premium. If you are just collecting the coins INSIDE the rolls, then a "face" amount roll would be the way to go. I collect STATE QUARTER ROLLS, and I will continue to purchase the ROLLS from the US Mint at a premium. If you plan on collecting the PRESIDENTIAL DOLLAR ROLLS, then I would purchase the ROLLS from the US Mint. I know that the US Mint DOES NOT wrap any coins, but the wrappers on the Presidential Dollars look great.....to me anyways. Besides, you're only buying 2 of the ROLLS.....a P & a D mint.....same with the State Quarter ROLLS. If you need to fill an album with coins, then the cheapest way, with the best looking coins, is the way to go. Why pay a premium for coins to fill an album, when you could buy a face value ROLL, break it up to find the bestest coins, then spend the remaining coins.

swick

 

Even with your clarification, we'll still just have to agree to disagree. A roll of quarters is worth the sum total of what the coins inside of it are worth, no more, no less, period, and the fact that some uninformed people think otherwise does not change my mind about that. The paper roll and the logo on it add aboslutely no intrinsic value to the coins they contain.

Collect what you want of course, and if it's just personal preference that cause you to want these rolls with the Mint logo on it, go ahead and buy them, it's your money. But if you're paying a premium because of the false notion that they're any more valuable than the same coins in any other bank's roll, you're just wasting your money as far as I'm concerned.

I'm probably biased against any kind of roll in the first place; I just don't get why somebody would want 25 or 40 coins wrapped in a piece of paper that only allows you to see one side each of two of them, when you can use the same amount of money to get several separate coins that you can see both sides of. The only way it makes sense of me to buy an entire roll that you don't intend on opening, is to sell it later at a profit, and as an investment any roll of uncirculated coins is as good as any other, all other things being equal.

 

Not necessarily.

If you sell a $25 bank roll for $40 ($15 profit) you've done much better than you would by selling a $40.90 (incl. S/H) mint roll for $60.90 ($20 profit).

On the bank roll you have a 60% return on investment, but ROI on the mint roll is only 48.9%.

 

bank roll vs mint roll

in the future, bank roll will have better price than mint roll. the worst it gets might be the same price for both. reason is simple. mint roll sold so many on each offered. as high as 800,000 roll on one case. and all mint roll were be keeping for longer period. bank roll will certainly be open and use it.

 

Then the coin dealers advertising in Coin World are doing really well. I don't understand why anyone would buy their rolls (which I'm sure are from banks) at the premium price charged by the mint. But I have to assume that they wouldn't spend the money to advertise them if people didn't buy them.

 

Let me pose another problem. I live on the east coast. Any bank I can go to will have only "P" mint rolls. If I want "D" mint rolls, I have to either buy them at a premium or talk a friend into getting them for me in California. Is anyone aware of an exchange program that would permit collectors to swap uncirculated bank rolls at face value (plus shipping, of course) in different parts of the country?

How do you "face value only" people get your coins with the more distant mint marks?

 

None that I am aware of, so perhaps it's a business opportunity for you.

Many people exchange coins, which raises their cost to face+postage, which is a relatively small premium.

 

That's what I've been doing on an informal basis. Are you aware of a consortium set up to do this?

Since most of us would want only a few rolls of each type, the best arrangement might just be a buddy system matching each person in the east to one in the west.