U.S. Mint Rolls
 

I purchased a roll of SAE's from a local shop and the guy opened the roll to "ensure they were indeed 2008's". Did he decrease the re-sell value of the coins by opening the roll? It didn't even occur to me at the time that that could possibly be a problem until I saw something mentioned here about an unopened mint roll.

I'm new at this if you can't tell. :D

Thanks!

Re: U.S. Mint Rolls
 

Good question, I am curious also.

Re: U.S. Mint Rolls
 

Bullion is bullion.

I don't see how 2008s would bring a numismatic premium just because they are sealed.

JMHO

Re: U.S. Mint Rolls
 

My guess is that the only problem that would have been caused is if the dealer handled the coins with his bare hands. Oily fingerprints on the coins would make them a little less desirable than coins that still look perfect. I doubt that the dealer would have handled new coins that way. :no_ma:

Although they may have in the past, I don't think the Mint seals the tubes now. I saw a sealed 2007 monster box as it was being opened for the first time. None of the 25 tubes inside was individually sealed. :no_ma:

Re: U.S. Mint Rolls
 

I don't think the value decreased any. Especially since these are 2008 SAE and you can get more later. The mint will produce more of these. Personally, I would not pay any more for any SAE sealed or unsealed.

Re: U.S. Mint Rolls
 

I'm curious how he broke the weld without damaging any coins?


Firenhole

Re: U.S. Mint Rolls
 

There is no "weld"....there is no loss of value....you have 20 SAE's.....20oz of silver bullion....
You are OK....if there are fingerprints on the coins....gently wipe them off with a microfiber cloth....
SAEs are BULLION.....These are not numismatic coins....The MS-70 SAE is a myth designed to GET YOUR MONEY...
Go buy some more RIGHT NOW!!!
Now, proofs and ultra cameo stuff is DIFFERENT....but regular old GEM-BU SAEs are bullion....period

Re: U.S. Mint Rolls
 

No.
Forget any semi-numismatic value ever being added to the 2008 SAE's....when all is said and done it will be the highest mintage year.

Re: U.S. Mint Rolls
 

They are not welded and no your coins are not any less. The bottom line is that people sell "mint rolls" all the time and you never trully know if they were handled. Enjoy them! :)

Re: U.S. Mint Rolls
 

100% correct.......


there is no seal on a "roll" of eagles the "seal" is on the box itself that is bolted with plastic straps that you can easily cut and without damagingthe seal.... after "cherry picking" through the rounds take it to a lowes and restrap the thing and you would be none the wiser.....but he still try to sell to you at a massive mark up .


I just looked a 2004 sealed box and came to the similar conclusion.... those "straps" can be cut at a whim.


there is no premium on unopened boxes unless they revamp the entire authentifcation process.


T

Re: U.S. Mint Rolls
 

What about the silver shortage?

Re: U.S. Mint Rolls
 

I disagree; these MUST be considered at least semi-numismatic. First, there is an undeniable premium charged for them, compared to silver rounds. Second, the Red Book Coin Guide lists different prices for different years. By definition, these have some numismatic value.

Re: U.S. Mint Rolls
 

Go to the US Mint website. You can order 2008s - I think the website said they would be shipped at the end of April.

Re: U.S. Mint Rolls
 

The only thing that he was in danger of breaking, was his finger nails.

Those things are designed so that there is no way any coins rattle and rub.

Other than that, they are just bullion coins.

Maranatha,

:smile:

Re: U.S. Mint Rolls
 

I guess I should have used the:sarc: icon...


Firenhole

Re: U.S. Mint Rolls
 

He checked every coin under the magnifying glass and picked the possible MS 69-70 and left the "not perfect coins"
this is what is happening
than he wuill send above coins for grating and will :rant:sell them with big profit

Re: U.S. Mint Rolls
 

paying for grading SAEs out of a mint tube / roll is nuts. even moreso would be buyers paying a premium for them! speculative mania. I must be missing another boat or something.

Re: U.S. Mint Rolls
 

Hearing more from my sources 2008 SAE's will NOT be produced for the remaining year. Just another one of my 0100 AM "thoughts".
Sit back and watch the show-phase 2 approaching.

Re: U.S. Mint Rolls
 

Has the mint released an "official" count of 2008's produced?

Also, why would any one year be worth more than the next? Aren't the molds exactly the same except for the year? I wouldn't think the year on the coin would matter that much.

Re: U.S. Mint Rolls
 

A dealer I visited said that 6 million 2008s were already made! He said that because 8 is a lucky number to the Chinese, that they gobbled up a bunch.

Another dealer told me that the 2008s will be made in another month or so. They have been holding back because of the volatility of the silver costs. I suppose if they buy a load of silver at $17 and the price drops to $15, they will have a serious loss.

Re: U.S. Mint Rolls
 

Yeah, 5.65 million sold already this year. Could be some 2007's in that data, but there have been a bunch made.

http://www.usmint.gov/mint_programs/...ales&year=2008