Lincoln gold dollar rolls. From the mint?

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waynesonofpeter
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Lincoln gold dollar rolls. From the mint?

#1 Unread post by waynesonofpeter »

I bank hopped today in the big city ( Population 70,000) and came across three rolls of Abe Lincoln gold dollars. Both ends crimped (?), but as you can see it says N.F. String and sons Inc. so I'm guessing it's not the mint. Anybody have Info. on who this Co. is? And now the big conundrum, do I open one to get a look? On Ebay the low price was 50$, do I sell? Or do I just put them away. The teller at the bank stated that a person brought them in. I should have asked her if he brought any other rolls, an after thought I'll call tomorrow. Just looking for ideas.
coin roll and dog, cat 005.JPG
Another preponderance, what grade do you think I'll find? Originally from the mint I'm guessing this is how they'd roll. Bad attempt on a play of words I know.

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Re: Lincoln gold dollar rolls. From the mint?

#2 Unread post by Daniel »

The mint doesn't roll their own coins, at least not all of them, they out source that and these are considered mint rolls. But no one can tell you if you should open them or not.

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Re: Lincoln gold dollar rolls. From the mint?

#3 Unread post by waynesonofpeter »

If that reply is from Daniel my mentor then let me ask this. What would you do?

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Re: Lincoln gold dollar rolls. From the mint?

#4 Unread post by Daniel »

I am a dealer, so my decisions are different from a collector. I sell them as rolls and single so just depends what I need for inventory. So I can't answer that for you.

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Re: Lincoln gold dollar rolls. From the mint?

#5 Unread post by waynesonofpeter »

Thank you Daniel but I am neither a collector nor a dealer. Due to my situation this just keeps my mind occupied. One day I will bury whatever I have with some DNA. Okay, for curiosity sake I'm going to open one.

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Re: Lincoln gold dollar rolls. From the mint?

#6 Unread post by waynesonofpeter »

I opened one roll. It looks like every coin has some kind of mark on them. I am disappointed and suspicious.

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Re: Lincoln gold dollar rolls. From the mint?

#7 Unread post by DSCoins »

the rolls you are showing are just standard "bank roll coins"
You need to remember that the coins in "bank rolled wrappers" are sent from the mint in large bags of 200,000 coins and shipped to a company who has a contract with the mint to roll the coins. These coins are the standard coins made for circulation and no special handling. Even rolls which are in "mint wrappers" are just that, they are also rolled by a third party. These "mint wrapped" rolls are than sent to the Fulfillment Center in Memphis, TN.. The coins intended for circulation are now shipped out of the company to the the Federal Reverse Banks and Branches (this is were your bank orders all coins and currency from) . So as you can see, the coins in Mint Wrappers are taken right out of the coins that were minted to be circulated without any special handling.
Bank rolled coins---Ordered by a bank from the Federal Reserve Bank
Mint coin rolls--Coins rolled by third party using rolls printed with US MINT.

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Re: Lincoln gold dollar rolls. From the mint?

#8 Unread post by waynesonofpeter »

Thank you. One question for you. I have a presidential folder that I am trying to fill, I can't seem to find many of the presidential dollars after the 20th president. Is their a reason for this or am I just not having any luck.

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