Some of the largest banks in America are in direct contact with the Federal Reserve, which makes it easier for them to special-order rolls of coins for repeat coin-collecting customers.Ī lot of people don’t even know that this is an option. But collectors looking for unique or rarer varieties of coins might have trouble finding what they need from local banks. Smaller banks might be able to get the job done. This is okay collectors just need to be firm and informed about what they need from the bank.īigger banks are almost always going to be better for this purpose. Some bank tellers might not know exactly what customers mean when they say they want to buy rolls of circulated coins. But prying these coin rolls from the clutches of the United States banking system is often harder than it looks! The easiest way to get sealed coin rolls from the bank is to simply ask. Like we’ve already explained, buying coin rolls from the bank virtually guarantees that they will not be searched. banks deal in so much circulated coinage that it would be unprofitable to spend time searching through their stock. Unlike smaller retailers and online sellers, who could increase personal profits substantially by just removing valuable coins and leaving the rest for the buyer, U.S. The reason this strategy guarantees that the coins won’t be searched is that banks just simply don’t need to look through their coins. Some bigger banks will sell large amounts of circulated coins to collectors. The most surefire way to guarantee completely unsearched coins is to purchase them directly from the United States banking system. Smaller sellers on these sites usually don’t have any kind of accountability, so there isn’t much to prevent them from removing all of the valuable coins from a pack before resealing them and selling the pack at a premium. We are generally cautious of these options. Some mints sell unsearched rolls through their official websites, and other coin distributors sell these same kinds of deals on their eCommerce sites.Īnother popular way to get rolls or bags of coins from banks that haven’t been searched is to use retail sites like eBay, Amazon, or Craigslist. Online distributors are another common way for investors to get a hold of bags of coins from banks that haven’t been picked through. Local coin and bullion dealers might offer unsearched rolls. These bags of coins from banks can be purchased from a number of different types of retailers. United States coin collectors often have their own preferences on which coins to target, and determining these preferences is the first step in searching for sealed bags or rolls of coins. Lincoln cents, buffalo nickels, penny rolls, wheat pennies, and 90% silver coins are just some of the varieties available in these coin bags. The types of coins in these packages will vary. Where to Buy Unsearched Coin Bagsīullion and coin retailers all over the internet advertise bags of coins from banks they claim to be completely unsearched. Recognizing the key dates for a given type of coin, purchasing from the right distributors, and keeping an eye out for coveted mint error coins are just a few ways that consumers can make the most out of the exciting niche industry of unsearched bags of coins from banks and rolls. To start, coin dealers can easily search their bags, extracting the most valuable coins before marketing them falsely as “unsearched.” It is nearly impossible to distinguish a pre-searched bag from a truly unsealed one, especially when dealing with smaller sellers who have no oversight or accountability.īut don’t despair! There are quite a few tips that coin collectors can use to correctly identify, search, and cash-in on the value of unsearched coin bags from banks. There are a few different reasons for this long-held skepticism. However, many veteran bullion enthusiasts advise caution for new collectors looking to score with some unsearched bags of coins from banks. Some coins, especially among older series, might contain coins with high purity silver. There is also an intrinsic value to finding silver coins. Particularly old coins, as well as rare coins with mint errors, are some of the most common types of coins to look for in an unsearched bunch of coins. Picking the right coins out of a large pile of unsearched pieces could quickly turn a profit for the coin collector. Who wouldn’t want to buy rolls or bags of coins that haven’t been searched? After all, some American coins are worth quite a bit of money. Unsearched bags of coins from banks are one of the most popular draws for new bullion and coin collectors.
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