selling bank rolled halfs more profitable than searching?

This forum is for discussing hunting and collecting US and Canadian circulation Silver Bullion Coins, other types of minted bullion, and other types of precious and base metal investments other than Bullion Pennies and Nickels.

Please Note: These articles are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.

selling bank rolled halfs more profitable than searching?

Postby kidman232 » Sat Jul 30, 2011 10:16 pm

looks to me even after fee's selling bank sealed rolls might create more profits than actually opening and hoping to find silver.

http://cgi.ebay.com/UNSEARCHED-BANK-ROL ... 2312d2a7d8

http://cgi.ebay.com/UNSEARCHED-BANK-ROL ... 27bd019c19

http://cgi.ebay.com/UNSEARCHED-ROLL-Ken ... 4aad585a64

http://cgi.ebay.com/UNSEARCHED-BANK-ROL ... 27bd014f94

http://cgi.ebay.com/Unsearched-half-dol ... 2a12afef1f

looks like anywhere from $16-20+ per roll dlvd. even with shipping and fees, probably make more money than avg search, especially with how many people seem to get skunked on boxes
never enough silver
User avatar
kidman232
Penny Collector Member
 
Posts: 358
Joined: Sat Apr 30, 2011 2:09 pm
Location: soup kitchen

Re: selling bank rolled halfs more profitable than searching

Postby Morsecode » Sat Jul 30, 2011 10:40 pm

It does make one wonder, doesn't it. After fees, you'd probably net $4-$6 per roll x 50 rolls per box, maybe more. Sure, it's a lot of wrapping & standing on line at the PO, but to make $200 on a box the old-fashioned way you'd have to extract two full rolls of 40's.

Then again, I'm thinking the core of potential buyers is limited, and repeat customers hard to come by. Who's going to continue paying 1.8 x face if they get skunked a time or two?
Let's Go Brandon Kamala
User avatar
Morsecode
Too Busy Posting to Hoard Anything Else
 
Posts: 4157
Joined: Thu Feb 10, 2011 10:04 pm
Location: Southern New England

Re: selling bank rolled halfs more profitable than searching

Postby kidman232 » Sat Jul 30, 2011 10:43 pm

well for one with paypal shipping you can print and pay for all your postage at home and just drop off in a mailbox (delivery confirmation is even cheaper thru paypal than at post office). plus with the rise of silver you would expect the pool of new customers to continue to grow as more people start to hear/gain interest in silver. Plus if times do get really bad, people will start taking shots at getting cheap silver I imagine
never enough silver
User avatar
kidman232
Penny Collector Member
 
Posts: 358
Joined: Sat Apr 30, 2011 2:09 pm
Location: soup kitchen

Re: selling bank rolled halfs more profitable than searching

Postby Coppercrazy » Sat Jul 30, 2011 11:05 pm

I for one could never sell an unopened roll of halves.I only get a few boxes a month,and I enjoy the thrill of the search.I would however profit more selling the rolls unopened...but im not selling my coins now anyways,so...
Coppercrazy
Penny Pincher Member
 
Posts: 193
Joined: Tue Nov 16, 2010 9:37 pm

Re: selling bank rolled halfs more profitable than searching

Postby kidman232 » Sat Jul 30, 2011 11:13 pm

Coppercrazy wrote:I for one could never sell an unopened roll of halves.I only get a few boxes a month,and I enjoy the thrill of the search.I would however profit more selling the rolls unopened...but im not selling my coins now anyways,so...


they way i think about it is if you reinvest the profits from roll selling back in silver, its more of a guaranteed silver return. kind of like hedging the last leg of a parlay bet. sure you give up the shot of a huge hit, but you lock in guaranteed profits (free silver at that) and thats how you will thrive over the long term.
never enough silver
User avatar
kidman232
Penny Collector Member
 
Posts: 358
Joined: Sat Apr 30, 2011 2:09 pm
Location: soup kitchen

Re: selling bank rolled halfs more profitable than searching

Postby beauanderos » Sat Jul 30, 2011 11:15 pm

it would be fun to take a picture of a solid roll of silver and send it back to the seller along with a comment "since this is most likely atypical, I can't leave positive feedback about my roll find."
The Hand of God moves WorldsImage
User avatar
beauanderos
Too Busy Posting to Hoard Anything Else
 
Posts: 9827
Joined: Wed Oct 14, 2009 10:00 am

Re: selling bank rolled halfs more profitable than searching

Postby cesariojpn » Sun Jul 31, 2011 5:28 am

Y'know, given another thread here on the forums, this would be quite the idea to dump excess half dollars other than a bank.

Get yourself a coin wrapping machine, salt a few Franklins and 40% halves into the mix to ensure "genuine silver finds" by some bidders, keep a sockpuppet account or two to make sure the positives are up on the seller account, and it'll be (somewhat) easy money.
User avatar
cesariojpn
Penny Hoarding Member
 
Posts: 954
Joined: Sun Nov 29, 2009 3:00 pm

Re: selling bank rolled halfs more profitable than searching

Postby neilgin1 » Sun Jul 31, 2011 7:47 am

kidman232 wrote:looks to me even after fee's selling bank sealed rolls might create more profits than actually opening and hoping to find silver.

http://cgi.ebay.com/UNSEARCHED-BANK-ROL ... 2312d2a7d8

http://cgi.ebay.com/UNSEARCHED-BANK-ROL ... 27bd019c19

http://cgi.ebay.com/UNSEARCHED-ROLL-Ken ... 4aad585a64

http://cgi.ebay.com/UNSEARCHED-BANK-ROL ... 27bd014f94

http://cgi.ebay.com/Unsearched-half-dol ... 2a12afef1f

looks like anywhere from $16-20+ per roll dlvd. even with shipping and fees, probably make more money than avg search, especially with how many people seem to get skunked on boxes


i think the sellers that do this crap with that "possible silver" come on, to cover their a$$es aint nothing but a bunch of feckless curs, fully deserving to be bolted into oaken stocks for a day or two as punishment for bs mercantilism.

and if you think i'm just getting frothed up self righteous over a harmless little nothing, i've seen this stuff all my life, on the trading floor, in the newspapers, and that "hooray for me, a FU" type of mercantilism is precisely the reason, we find ourselves, looking forward to what promises to be hell week.

i sure hope i got company in my stand. that aint right, and you all know it, and if don't, maybe its time to wire your head to your
ass and GET RIGHT.
User avatar
neilgin1
Post Hoarder
 
Posts: 2565
Joined: Tue Nov 09, 2010 8:59 am

Re: selling bank rolled halfs more profitable than searching

Postby Pennybug » Sun Jul 31, 2011 9:18 am

AHHH YES!!! Back to this topic again! I suppose I'll pass on writing out the brief essay on capitalistic freedoms vs. socialistic control. Please be mindful... while I don't fully agree with "selling the potential to find silver"... I just can't see myself attacking the people who do this (or consider it) for any substantive reason. I do relate the mindset of those selling these rolls to charging someone to metal detect in an owned field that has been known for people finding silver coins in it. I just can't see myself saying anything against it...
Pennybug
Penny Collector Member
 
Posts: 262
Joined: Fri Jan 07, 2011 2:23 pm

Re: selling bank rolled halfs more profitable than searching

Postby justoneguy » Sun Jul 31, 2011 10:13 am

What's funny is he got only 1 neg feedback,
from a bidder who paid $28 for 1 roll, then claimed he was sold junk
We can ignore reality but we can’t ignore the consequences of ignoring reality.


The truth will set you free,
but first it's really going to piss you off.
User avatar
justoneguy
1000+ Penny Miser Member
 
Posts: 1592
Joined: Tue Aug 10, 2010 10:00 am
Location: Colorado 80004

Re: selling bank rolled halfs more profitable than searching

Postby WizardTN » Sun Jul 31, 2011 10:22 am

If they are too lazy to get off their butts and go to the bank and get their own rolls to search and want them delivered to their door at a premium, then someone is going to provide that service.
Presearching and machine re-wrapping IS pushing it.
Otherwise it is "finding a need and filling it" in my book.
WizardTN
Penny Pincher Member
 
Posts: 116
Joined: Mon Jun 27, 2011 11:07 pm

Re: selling bank rolled halfs more profitable than searching

Postby cesariojpn » Sun Jul 31, 2011 1:06 pm

WizardTN wrote:If they are too lazy to get off their butts and go to the bank and get their own rolls to search and want them delivered to their door at a premium, then someone is going to provide that service.
Presearching and machine re-wrapping IS pushing it.
Otherwise it is "finding a need and filling it" in my book.


"There's a mark born every minute, and one to trim 'em and one to knock 'em". - alleged con man quote noted by David W. Maurer, writing in The Big Con (1940).
User avatar
cesariojpn
Penny Hoarding Member
 
Posts: 954
Joined: Sun Nov 29, 2009 3:00 pm

Re: selling bank rolled halfs more profitable than searching

Postby JerrySpringer » Sun Jul 31, 2011 2:49 pm

cesariojpn wrote:Y'know, given another thread here on the forums, this would be quite the idea to dump excess half dollars other than a bank.

Get yourself a coin wrapping machine, salt a few Franklins and 40% halves into the mix to ensure "genuine silver finds" by some bidders, keep a sockpuppet account or two to make sure the positives are up on the seller account, and it'll be (somewhat) easy money.


Think unsearched wheat penny rolls. What do sellers of those do to get people to bid the prices up ?
JerrySpringer
Penny Hoarding Member
 
Posts: 810
Joined: Fri Apr 08, 2011 5:07 pm

Re: selling bank rolled halfs more profitable than searching

Postby NotABigDeal » Sun Jul 31, 2011 6:48 pm

Sorry, only idiots pay for that crap. I can't feel sorry for the buyers, but I do not condone the sales practice.

Deal
I plead the 2nd....

Control your kids and your crazy ass relatives, leave my guns alone.

TTS 10/30/60-10/25/13 Dad.
User avatar
NotABigDeal
Too Busy Posting to Hoard Anything Else
 
Posts: 5130
Joined: Sat Sep 01, 2007 3:00 pm
Location: The one and only U.S. of A.

Re: selling bank rolled halfs more profitable than searching

Postby reddirtcoins » Sun Jul 31, 2011 7:04 pm

You can have my box when you pry it from.... lol
"Truth, like gold, is to be obtained not by its growth, but by washing away from it all that is not gold."- Leo Tolstoy
User avatar
reddirtcoins
1000+ Penny Miser Member
 
Posts: 1478
Joined: Tue May 17, 2011 7:19 pm
Location: Oklahoma


Return to Silver Bullion, Gold, & other Bullion Metals

Who is online

Users browsing this forum: No registered users and 0 guests