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Suggestions For Starting A Lincoln Memorial Collection

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Pennynickelguy's Avatar
United States
308 Posts
 Posted 01/04/2015  11:58 am Show Profile   Bookmark this topic Add Pennynickelguy to your friends list Get a Link to this Message Number of Subscribers
OK, so I have been collecting Wheat Cents since I got back into coin collecting a few years ago.

I have no Memorial Cents except for what I have in pocket change. I think these will be my next coins to collect.

It seems there are a lot of BU full sets in tubes available on ebay for around $25.

Any other suggestions? I'm not in a big hurry, but it seems like it wouldn't take that much to get caught up on Memorials...

Any suggestions would be appreciated!
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ChildOfTheWheat's Avatar
United States
5828 Posts
 Posted 01/04/2015  2:00 pm  Show Profile   Bookmark this reply Add ChildOfTheWheat to your friends list Get a Link to this Reply
IMHO, if your into CRH simply take any acceptable coins out of the box and put them into your album! Other than that, I wouldn't spend $25 on BU LMC if they were from after about 1975 ish.
Edited by ChildOfTheWheat
01/04/2015 2:00 pm
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edweather's Avatar
United States
7375 Posts
 Posted 01/04/2015  2:37 pm  Show Profile   Bookmark this reply Add edweather to your friends list Get a Link to this Reply
Yeah, I'm cheap, so I'd probably look to complete a circulation set, which I am trying to do now. It's about 90% complete, and lots of fun doing. Most of it just from pocket change.
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cladking's Avatar
United States
2270 Posts
 Posted 01/04/2015  6:52 pm  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply
Circulation sets are fun, doable, and worthwhile.

I'd suggest trying gemmy set from dealer stock and mint sets. Most memorials, especially '68 to date, can be found in very nice condition by just looking at a few mint sets. Alternatively you might consider the registry coin wannabes. These are coins that got sent in for very high grades but missed. For five or ten dollars each you can put together a great set. It's cheaper than doing it from mint sets and the average grade will actually be higher. The only downside is that if you look at mint sets you'll probably find a few winners. There are no winners in slabs unless you pay up for them.
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Rackster's Avatar
United States
4809 Posts
 Posted 01/04/2015  8:20 pm  Show Profile   Bookmark this reply Add Rackster to your friends list Get a Link to this Reply
If you aren't in a hurry, then consider plucking them out of circulation (rolls, change, etc.). You can find some really decent specimens. But if you are inclined, buying some/all might save some time and probably put you a click or two higher than roll searching.

Most my LMCs are circulation finds in AU+ but I tend to grade myself hard. Still acquiring the grading eye. Good luck!
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Dith Pran's Avatar
United States
283 Posts
 Posted 01/04/2015  8:31 pm  Show Profile   Bookmark this reply Add Dith Pran to your friends list Get a Link to this Reply
CRH is the way to go for LMC. Go through enough boxes and you'll find some nice coins. For me, it's a lot more satisfying spending the time to pull coins from circulation for face value than buying them.
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NJ Bob's Avatar
United States
655 Posts
 Posted 01/04/2015  8:34 pm  Show Profile   Bookmark this reply Add NJ Bob to your friends list Get a Link to this Reply
If circulated coins work for you then you'll probably have a whole lot more fun CRH than buying them off ebay.
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nickelsearcher's Avatar
United States
15395 Posts
 Posted 01/04/2015  8:42 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
Concur with all the wise advise so far suggesting to roll find these - you can indeed obtain all the circulation strike date/mm this way.

David
Take a look at my other hobby ... http://www.jk-dk.art
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Celticsoul's Avatar
United States
1566 Posts
 Posted 01/04/2015  8:54 pm  Show Profile   Bookmark this reply Add Celticsoul to your friends list Get a Link to this Reply
The beauty of collecting memorials is you can obtain all but a few coins in circulation. You might have to purchase a 1970s small date but other than that all are easily available. The entire set (minus proofs) can be purchased gem bu for $25-$35 on ebay.
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Pennynickelguy's Avatar
United States
308 Posts
 Posted 01/05/2015  10:51 pm  Show Profile   Bookmark this reply Add Pennynickelguy to your friends list Get a Link to this Reply
Thanks for the suggestions. I think I'll start with CRH, then move on from there. I am really not in a hurry. The idea about registry coin wannabes is really interesting too. Plucking a few here and there doesn't sound too expensive. Thanks for the great tips, thank you all!!
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BadThad's Avatar
United States
19935 Posts
 Posted 01/06/2015  12:23 am  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
I'll go against the grain...

Buy a complete set from ebay (or wherever). Use it to start your set then go searching for BETTER coins. Most of the BU memorial cents are MS63 and lower, if you get lucky and look hard, you can find 65 and higher in circulation to upgrade your set. Doing this will save you from going crazy because many issues will be difficult or impossible to find. Then, when you're searching, you can focus on looking for gems instead of dates and mints. It will make the inspection process go a lot faster.

GOOD LUCK
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United States
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 Posted 01/06/2015  01:29 am  Show Profile   Bookmark this reply Add jmkendall to your friends list Get a Link to this Reply
Bad Thad has some good advice. I'd go one further. Find a set already in a Dansco. A lot of Dealers I know take out the keys and sell leftovers for a steep discount. When you figure in the cost of a Dansco, you can basically buy a gently used Dansco that comes with "Free" coins.
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skyshark124's Avatar
United States
1109 Posts
 Posted 01/06/2015  02:55 am  Show Profile   Bookmark this reply Add skyshark124 to your friends list Get a Link to this Reply
BadThad beat me to it. but then again, for something as plain-Jane as LMCs, I had no issue buying a nice BU set and upgrading the ones I thought I could do even better with.
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CopperCastle's Avatar
United States
1132 Posts
 Posted 01/06/2015  07:22 am  Show Profile   Bookmark this reply Add CopperCastle to your friends list Get a Link to this Reply
In my first 4 boxes of pennies I completed 3 complete (P&D) sets of memorials. CRH is where it's at. I honestly thought about buying some cheap Whitman folders & making a few extra bucks off of people that are to lazy to CRH.
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BadThad's Avatar
United States
19935 Posts
 Posted 01/06/2015  11:19 am  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply

Quote:
In my first 4 boxes of pennies I completed 3 complete (P&D) sets of memorials.


In MS red? All 7 of the 1982 varieties?

I've searched boxes for YEARS, in my area there would be no way to complete a BU memorial set from boxes.....I can tell you that from a lot of experience.
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ksmcents's Avatar
United States
306 Posts
 Posted 01/06/2015  11:39 am  Show Profile   Bookmark this reply Add ksmcents to your friends list Get a Link to this Reply
In the Northwest the Philly's are near non-existent. I feel like I win the lottery everytime I find one in any grade.
Edited by ksmcents
01/06/2015 11:39 am
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