Opinions Wanted On 1958 D LWC Uncirculated Hoard

Here is the issue, you said you have 2400 coins of the same date, are you going to sell all 2400 coins? Because you will flood the market, there aren't 2400 people looking for 1958 D. This is what I would do. Pull out the MS67 (which the one pictured isn't one of them) and then see if you get enough to do a bulk submission. The other 2300 sell as rolls a few at a time. Personally to sell 2400 coins will take you a while (a long while ) unless you want to sell them as bulk and then you'll get 2-4 cents a coin.

It looks like a real nice MS-66 to me.

Problem is there is little demand now and the services are tight with high grades.

If you have any real high grades with attractive color it might be worth sending them in.

All I'll add is best of luck and can't wait for better photos.

Ok , here is the thing with these coins . Everything is going to be depending on the grade of a few 58-D Lincolns . You need to be exact on the grade you give them . Going through 2400 pennies and grading them is not going to be an easy task . You may not even have the stamina to perform it with precise accuracy . I'm putting it this way because you have the potential of making some big bucks with 67's or even 68's . Your Call !

I think the thing you are going to run into is that the coins you are grading out as MS67 are probably mostly 65s and 66s and the ones you think are 65+ are probably mostly 64s and 65s. Unless they were hand picked out of a large number of rolls - and why would you hand pick them and then put them back into a roll.

Not trying to be discouraging but just go slowly so you don't get to far out in front the grading process and end up disappointed.

I've seen stashes of high grade coins from this era. They are not rare. I just processed a stash of Gem '60-D sm dt cents recently and most were MS-64 and higher. Most of them I just put into circulation. But I saved out a dozen very nice examples that maybe family can profit from someday. Everything I can't sell is being released or set aside. That means the vast bulk of it is unceremoniously dumped in circulation.

I suspect most of these stashes were made by collectors who just couldn't afford to set aside a $50 bag of cents back in 1958 so they went through and just saved the nice ones. The problem today is no one cares. There's a little demand but it's for the highest grades and getting these grades is difficult today. Even dates where nice gemmy coins are tough nobody cares about full blazing Gems. I can scan coins for grade very quickly. First eliminate the junk and you can take some time with the few left.

Of course my opinion that this is what the original poster has is contingent on the coin being representative and that the picture is a good representation of the condition. But I've seen such rolls and stashes and I've graded may coins from pictures so my opinion is formed largely of experience. Nobody can grade from pictures but pictures and experience can provide a pretty good conception in many cases. Of course better pictures of more coins could change the opinion. Of course even with better pictures the coins might look different in hand.

If you are unsure about your grading abilities, go on ebay and purchase a cheaply priced 1950s or early to mid 1960s slabbed penny at MS66 grade. Purchase a 5x magnifying glass or loupe. Study the MS66 graded coin under 5x and use it as a reference point. If you believe any of what you have in that hoard is nicer than the MS66 grade, send it in. And don't attempt to clean any unless you are a professional restoration expert as otherwise you'll get your coin back in a body bag.