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Are Nice Condition LMC's Worth Anything?

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Joecontois's Avatar
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 Posted 03/30/2024  11:35 am Show Profile   Bookmark this topic Add Joecontois to your friends list Get a Link to this Message Number of Subscribers
Hi, first of all, long time no talk! I've been busy with family. I had just completed a bunch of sets, (wheat cents, Buffalo nickels, and Walking Liberty halves) before I had another kid that I had to focus on. I'm still focused on that, but, I never completed my Mercury dime set. So I'm looking to prune some of my collection in order to help finance a low grade 16D. So before I get rid of these LMC's from 1959-1974S, I'm just curious if they're worth spending any time on since a lot of them are what I think are described as "red" and are in really nice condition. Thank you! I'll have to mess with an image optimizer later as I've been summoned by children, and this optimizer is different than the one that used to be here and it's not readily apparent how to set the options to make the file smaller than 300kb.
Edited by Joecontois
03/30/2024 11:37 am
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John1's Avatar
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 Posted 03/30/2024  12:18 pm  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
They need to be in pretty high condition I think. Here is a link on values: http://m.numismedia.com/rarecoinprices.htm
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Tacc's Avatar
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3535 Posts
 Posted 03/30/2024  1:20 pm  Show Profile   Bookmark this reply Add Tacc to your friends list Get a Link to this Reply
Generally speaking yes. As said above they need to be say MS67 or higher to be really worth more,
of course depending on year, MM etc. IMHO
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Coinfrog's Avatar
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 Posted 03/30/2024  6:45 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
You'd have to be experienced and skilled to pull the 67+s out of this pile, not to menton wealthy and confident to spend the money for grading submissions. I'm some of those things, but I'd still walk away from this and cash them in.
Edited by Coinfrog
03/30/2024 6:48 pm
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nickelsearcher's Avatar
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 Posted 03/30/2024  7:34 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
That is a long and wordy description to ask a question ... but what is the question?

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 Posted 03/30/2024  7:41 pm  Show Profile   Bookmark this reply Add sickpuppy78501 to your friends list Get a Link to this Reply
Unless you have any with really obvious errors or any highly sought-after varieties, spend 'em. Even the high MS specimens aren't going for much these days. Those things just aren't valuable to most collectors.
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datadragon's Avatar
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 Posted 03/30/2024  8:33 pm  Show Profile   Check datadragon's eBay Listings Bookmark this reply Add datadragon to your friends list Get a Link to this Reply

Quote:
So before I get rid of these LMC's from 1959-1974S, I'm just curious if they're worth spending any time on since a lot of them are what I think are described as "red" and are in really nice condition.


Some can be of very high value, some not so much. What is recommended is to look at the site John1 mentioned, or also can go to the graded prices on sites like PCGS and NGC. This way you can see the value if a coin was sent in for grading and came back in that specific grade. Modern coins generally its the top condition or only the top few that have value, while the rest tend to be under the value of the grading fees so you just need a bit more caution with moderns. You can also check out the census on PCGS and NGC, meaning they also list the number graded in each condition. If only say the top grade has value worth grading, yet only 1-3 out of millions have been graded in that condition, its far less likely that you have another and need to develop some skills to help find those high grade coins. The best situation for a person newer to grading is when many of the graded values besides the very top condition which is usually rarer, are over the cost of the grading, therefore its not a potential loss for misidentifying a top grade at least. But back to the question, yes if you look some do indeed have high values in top grades and should not simply dismiss looking when you potentially have one.

Edited by datadragon
03/30/2024 8:33 pm
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Joecontois's Avatar
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 Posted 03/30/2024  9:15 pm  Show Profile   Bookmark this reply Add Joecontois to your friends list Get a Link to this Reply
Thank you for replies and insight. I was just trying to squeeze in a question when I had a minute but now I'm back to reality with all these crazy kids :)
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Coinfrog's Avatar
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 Posted 03/30/2024  10:14 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Repeat, unless you know your stuff, I'd cash these in.
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Errers and Varietys's Avatar
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 Posted 03/30/2024  10:25 pm  Show Profile   Bookmark this reply Add Errers and Varietys to your friends list Get a Link to this Reply
They have to be in a high grade to be worth anything.
Errers and Varietys.
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BadThad's Avatar
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 Posted 03/31/2024  12:17 am  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
Each coin has to be judged on it's own merit. For me, "dumping" the coins into circulation without evaluation would be crazy. Memorial cents can hit 4 figure+ values.
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BH1964's Avatar
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10982 Posts
 Posted 03/31/2024  04:03 am  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
I figure they're worth 3 cents on their copper content alone. I believe pre-1982 Lincoln Memorial Cents will one day be similar to Wheaties from the 1940s and 1950s.
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cladking's Avatar
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2270 Posts
 Posted 03/31/2024  09:17 am  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply
Prices are low due to lack of demand. So long as there is almost no demand prices will remain low. Some specific dates are in such high supply it's unlikely there will ever be enough demand to affect them very much.
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Joecontois's Avatar
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418 Posts
 Posted 04/01/2024  3:44 pm  Show Profile   Bookmark this reply Add Joecontois to your friends list Get a Link to this Reply
Hi again. I found some time to take some (not so great) pictures of 5 of the coins. I'll post 1 picture here, but I posted the obverse and reverse of each coin in the grading section.

Are-Nice-Condition-LMC's-Worth-Anything?
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John1's Avatar
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 Posted 04/01/2024  4:17 pm  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
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