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Red LMC

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Pillar of the Community
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 Posted 09/14/2008  11:40 pm  Show Profile   Bookmark this reply Add Metalman to your friends list
Believe it or not even with the ridiculously high mintages it took 20 years to find an MS-70 LMC .

Here is the article from PCGS

http://www.pcgs.com/articles/articl...iverseid=313

given that record its worth the search for the second MS-70

but on the other hand to keep all of the AU cents I'm not so sure .

But a set that stands above average 66 and above then you would have something that will gain in value and it won't take a hundred years to do it .
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 Posted 09/15/2008  12:21 am  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list
I've seen this coin. It is pristine. I cannot believe it is a "perfect" coin. I bet with some hugely powerful microscope, you would spot some hairline or mark somewhere on the coin. I liked it so much, I bought a 2003 LMC PCGS MS68. Believe me, in 68, this coin looks awesome! I figured the $18 price tag was well worth it.
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 Posted 09/15/2008  02:22 am  Show Profile   Bookmark this reply Add lincolncollector to your friends list
PCGS is pretty conservative in grading coins. So, if PCGS says it's MS70, then it really is MS70.
Bedrock of the Community
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 Posted 09/15/2008  12:38 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list

Quote:
So, if PCGS says it's MS70, then it really is MS70.

LOL, that is kinda funny because PCGS doesn't say it is a 70 anymore- it got downgraded to 69 due to developing a spot
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 Posted 09/15/2008  6:53 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list
This coin sold at Teletrade for $18,000! Lets see if PCGS grades another Biz strike 70.
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Bedrock of the Community
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 Posted 09/15/2008  7:15 pm  Show Profile   Bookmark this reply Add just carl to your friends list
Meanwhile back to your question. Yes it is well worth while to collect those. If nothing else they will always look pretty neat in an album. And that too depends on which one. The Whitman is Blue, The Dansco is sort of light Brown, I think Littleton is Green but not sure. My way of looking at it is such a set as you mention would stand out more in anything except Brownish since the coins will not stand out so much. Many will always answer with a monitary gain aspect but collecting coins is supposed to be fun so who cares what they are worth?
I also collect flashlights and I know they are just not worth a lot of money but they are to me a sort of bright idea for a collection.
I've got other collections that also are really not worth collecting monitarily but they are fun anyway.
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 Posted 09/16/2008  10:20 pm  Show Profile   Bookmark this reply Add lincolncollector to your friends list
What's the deal with those ugly black carbon spots on red Lincolns?
It is so hard to find a Red LMC without black spots. It's annoying for a collector that wants spot-free coins.
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 Posted 09/16/2008  10:25 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list
Since they are 99% zinc, they still have a copper plating and copper may tend to get carbon flecking or spots.
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 Posted 09/16/2008  10:29 pm  Show Profile   Bookmark this reply Add lincolncollector to your friends list
Do those black spots on LMCs go away after a certain amount of time?

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 Posted 09/16/2008  10:31 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list
The short answer is no. At least not that I have ever seen.
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373 Posts
 Posted 09/16/2008  10:37 pm  Show Profile   Bookmark this reply Add lincolncollector to your friends list
For long term storage, are those Lighthouse coin capsules any good?
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 Posted 09/16/2008  10:40 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list
Lighthouse?
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 Posted 09/16/2008  10:42 pm  Show Profile   Bookmark this reply Add lincolncollector to your friends list
On Internet Hobby Supply website: http://www.ihobb.com/cgi-bin/ws400C...upplies.html

Image: Red-LMC caps.jpg
11.71 KB
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 Posted 09/16/2008  11:57 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list
Okay, kind of looks like the airtites. Those are actually pretty secure. Keep in mind, when you put a coin in there for long term storage, you are locking the coin in there with the surrounding air. This may sound silly, but I hold my breath and don't talk, cough, or sneeze while doing this. This will trap moisture in there with the coin. As far as not forming carbon spots, no guarantee.
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