Hi everyone,
I purchased a roll of 2c coins on eBay and was just wondering if I wasted my money. It said something about both sides being tails….
http://www.ebay.com.au/itm/302100059492?ul_ref=http%253A%252…
Will it be worth anything in the long run?
Thanks in advance.
I'll take 10…just thought I'd put in my two bob's worth…
both sides being tails….
Not both sides, both ends of the roll. This means that you cannot see the 'heads' sides of these coins unless you open the roll.
In the realm of numismatics, coin rolls (aka mint rolls) are generally more valuable than individual coins, and coin rolls also hold their value more so collectors are less inclined to pull rolls apart.
An ideal coin roll would be with the heads showing at one end and the tails side showing at the other, so the design of all the coins in the roll can be determined without dismantling the roll.
I used to collect coins quite a bit in the day, including rolls.
Now a few things that determine the value of a coin is:
- condition - uncirculated is always valued higher
- mintage (how many were made that year) - if you have a coin produced in a year that not many were made, it is likely to be worth more (you can see the mintage per year for the 2c coin here https://www.ramint.gov.au/two-cents)
- special marks - now certain coins may have a special mark (usually two tiny letters) that may either increase or decrease the value. A lot of the time, no one know why the mark is placed, such is the case for the 2c coin. If the 2c coin has a little 'SD' next to the right front foot, it's not worth as much, without it, its worth much more (see here http://coinquest.com/cgi-bin/cq/coins?main_coin=17555)
Now the difficulty with purchasing rolls is that it is really a luck of the draw. As you can see, rolls of 2c coins are not rare in the slightest. There are still thousands going around. But the problem lies when it comes to selling it for it's true value as you don't know the year of it therefore it is very difficult to valuate - therefore it is practically impossible to give it a value.
If you're really interested in finding out the value, I'd head to a coin dealer who might be able to give you a rough estimate and may be able to advise you whether it is worth taking the coins out of the roll or not.
Hope that helps
Worth buying just so when some asks have you got money, you can offer them two cents
It's worth one comment each :D
There's my $0.02