UNC Morgan Rolls 0

[LDH Coins & Memorabilia]

I really like Morgans, and I have been seeing some rolls for sale. They are listed as BU. I wasn't aware of uncirculated rolls that old (maybe re-rolled AU coins?). Please advise this newbie before spends a lot of money on searched and possible cleaned coins. Thanx 

[Mohawk]

ldhall,

I'm going to repost an answer of mine to another thread.  It's about "old rolls" of Wheat Cents, but I think a lot of it applies here, too:

I'll do it Bob.  Here's the thing, Rocket.....you could have actual old rolls of cents.  It's possible, though unlikely.  However, there are many unscrupulous people out there who either acquire actual old coin wrappers or get reproductions of old coin wrappers printed up for them.  Both are actually pretty easy to do.  And these people can put anything into these rolls that they want.  There is a lot of this kind of thing out there with Wheat Cents.  I cannot tell you how many times I've seen someone fall into this kind of trap.  They'd buy a roll that looks like that on eBay...old looking wrapper and everything, often with a 1909 VDB reverse showing or something like that, then they get the roll and there are one or two 1909 VDBs on the end of the roll and everything else in the roll is post-1934 and often post-1940.  And then they'd come into the brick and mortar shop I worked at and sell us these Wheat Cents for 10 cents a piece just to be rid of them and the experience.  I'm not saying that you're being deceptive.....I'm saying you may have been deceived.  It's possible that you have genuine old rolls, but it's also possible that you've fallen into the trap.  "Unsearched" Wheat rolls are something I'd recommend people stay away from.  Think about it......the 1909-S VDB has been famous and coveted for over 100 years.  The 1931-S has been famous and coveted for 90 years.  The 1955 Doubled Die has been famous and coveted for 66 years.  These three coins alone pretty much guarantee that any accumulation of Wheat Cents has been searched at some point in the past.  This includes old rolls.  You could have rolls of Wheats that have been wrapped since World War II, but they've been gone through back then looking for the 1909-S VDB, 1914-D and the 1931-S.  So, even an 80 year old roll of Wheat Cents is probably not "unsearched" for key dates.

[gmarguli]

You can buy rolls of BU Morgan dollars easily. They are hundreds of thousands of legitimate rolls of 20 Morgan dollars that are uncirculated that are for sale. No one said they were original rolls. They are searched and most likely put together rolls. If all you want is a roll of a single date of Morgans in uncirculated condition, there are a lot of dealers that will sell them to you. You're not going to find gems mixed in or any rare dates. 

[James Zyskowski]

Hey buddy. I just have a quick question?  Why. now is probably not the best time to be buying Morgan’s or peace dollars what with the hype and mess coming from the mint. However as always buy what you like but right now I would feel better about a tube ase’s older date. Even that is not the best idea. 
There are some great deals out there just look for things where a deal may exist 

 

Edited September 12, 2021 by James Zyskowski

[Coinbuf]

As @gmarguli said it is not hard to find BU rolls of Morgan dollars, these are all put together rolls of common date dollars in low unc condition.   If you just want one find a reputable dealer either local or on-line, do not be under the illusion that any of these are original or unsearched.

[Jason Abshier]

Also don’t fall for this scam as well ! The company selling these bogus rolls of walking liberty halves and Morgan dollars are ripping uneducated folks off taking their money not shipping anything I’ve heard of few people getting ripped off . There is no such thing as “last state restricted Morgan dollars” 

[RWB]

These are usually the dregs that remain after original bags were searched - multiple times - and the nice coins removed. The coin might actually be Uncirculated but worth only slightly more than bullion.

[LDH Coins & Memorabilia]

WOW, this is probably the best advice (price wise) for all my newbie questions to date  I do realize this is not the time to purchase Peace or Morgans and I need to be satisfied that I completed both sets (but I want to upgrade some grades and mint marks) and not to strike it big LOL. Thanx again for the advice and help. I guess there are more dishonest people in the hobby than I realize (just like life  )

[Mohawk]

On 9/12/2021 at 7:46 PM, ldhall said:

WOW, this is probably the best advice (price wise) for all my newbie questions to date  I do realize this is not the time to purchase Peace or Morgans and I need to be satisfied that I completed both sets (but I want to upgrade some grades and mint marks) and not to strike it big LOL. Thanx again for the advice and help. I guess there are more dishonest people in the hobby than I realize (just like life  )

I'm glad we could help!! And, yes, there are a lot of scammers in this hobby and it can be hard to recognize all of them.  But, the more you learn, the better you'll get at recognizing the scammers.  You're asking very good questions here.  Keep asking them.  That's the best way to learn and to be successful in this hobby.