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How Many Lincoln Cents Looked At Before Finding One Of Value?

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chafemasterj's Avatar
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 Posted 06/14/2018  09:25 am Show Profile   Bookmark this topic Add chafemasterj to your friends list Get a Link to this Message Number of Subscribers
I responded to a recent post where the OP was looking for error Lincoln Cents as a way to make some extra money.
http://goccf.com/t/321534

In your opinions what are the numbers?

How many hundreds of Lincoln Cents do you go through before finding one that's worth more than just a couple of dollars?

How long does it take to thoroughly or properly go through a roll? As with anything else you get faster but what kind of time are we talking?

As always, Thanks in advance .

Check out my counterstamped Lincoln Cent collection:
http://goccf.com/t/303507
Edited by chafemasterj
06/14/2018 09:27 am
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coop's Avatar
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 Posted 06/14/2018  09:59 am  Show Profile   Bookmark this reply Add coop to your friends list Get a Link to this Reply
Depending on what he calls an error. A lot of what people call errors like coin damage is not an error, but damage. A lot of what people call errors are die cracks, chips, breaks, clashes, polishing other common events are what I call die events. Not worth a premium. What I call as a mint error are usually one time happenings. Wrong planchette, double struck, weak strikes, basically striking errors. Not die events that are common. Partial collars, thinned planchets, off centers, ... a lot of items found on err-ref.com that happened as more of a one time event. Finding them is more of a one time find in the wild. Kind of like panning for gold in your backyard. So how many coins before finding an error?
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John1's Avatar
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 Posted 06/14/2018  10:20 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply

Quote:
How long does it take to thoroughly or properly go through a roll?
Depends on how good you are at spotting varieties. I go through 4 rolls in about 25 minutes.

Quote:
How many hundreds of Lincoln Cents do you go through before finding one that's worth more than just a couple of dollars?
I would guess for me about 10 rolls. The find would have a book value around $5.
John1
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Errers and Varietys's Avatar
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 Posted 06/14/2018  11:37 am  Show Profile   Bookmark this reply Add Errers and Varietys to your friends list Get a Link to this Reply
It usually takes time to get good at going through rolls. It took me a lot of time at first to go through them. Be on the lookout for any obvious. Look for Die Cracks, big Die Chips, Cuds, Die Clashes, extremely Over Polished Dies, Partial Collars, Indents, Stiff Collars, Off Center strikes, Wide AM varieties, Close AM varieties, and the flared FG variety on the 1988 LMC. This would be a good start on what to look for.
Errers and Varietys.
Edited by Errers and Varietys
06/14/2018 11:38 am
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Ilikeabecoins's Avatar
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 Posted 06/15/2018  07:55 am  Show Profile   Bookmark this reply Add Ilikeabecoins to your friends list Get a Link to this Reply
Thanks for asking that, chafemasterj, it answered one of my questions too.
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T-BOP's Avatar
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 Posted 06/15/2018  08:07 am  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
I go through 5 rolls in about 15 minutes , but then again I'm just a date, mint and condition collector .
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coop's Avatar
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 Posted 06/15/2018  08:22 am  Show Profile   Bookmark this reply Add coop to your friends list Get a Link to this Reply
With a little more effort you could become a variety collector? If you search solid rolls (all same year/mint) then look up that year for DDOs & DDRs for what types of doubling to look for, a RPMs can be included.
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da Swampster's Avatar
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 Posted 06/15/2018  1:02 pm  Show Profile   Bookmark this reply Add da Swampster to your friends list Get a Link to this Reply
I can't even begin to fairly answer your question about how many I go through before finding one of value because it's sooo all over the place.. I'm not sure I could even come up with a good average.. If I catch a crappy bank box I can easily go a dozen rolls before finding anything worth keeping for any reason.. If I catch a good unc roll I can have half of it in flips by the time I get to the 50th coin..

How long to go through a roll is easier.. First off though, lately I'm lucky to dedicate an hour to roll searching -- and I only get that cos it's my main wind down to hitting the sack while already in the sack instead of reading.. Bank wrap / customer wrap rolls are like 3/hr if decent to maybe 5/hr if crap cos ya still gotta look at the ones that aren't dissolving in or sticking to your fingers.. Unc rolls tend to be one-and-done if nothin's happenin' to multiple days if it's in a giving mood since I usually 'sleeve' & label at each find..

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Errers and Varietys's Avatar
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 Posted 06/15/2018  1:06 pm  Show Profile   Bookmark this reply Add Errers and Varietys to your friends list Get a Link to this Reply
That's good advice da Swampster.
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da Swampster's Avatar
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 Posted 06/16/2018  06:53 am  Show Profile   Bookmark this reply Add da Swampster to your friends list Get a Link to this Reply

Quote:
Kind of like panning for gold in your backyard.
Kind of funny you make mention, Coop -- cos until the time it became totally cost prohibitive (and truth be told, until just a couple years ago regardless) the g/f & I would make at least one trip a year up into the Carolinas or N GA n camp at spots where we could do this exactly..

As a side note to everyone: The reason one-time branch mints Charlotte and Dahlonega were chosen has nothing to do with "pretty location" or "location drawn out of a hat.." Can you guess what that reason is..? Hint: See quote..

Swamp
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Conder101's Avatar
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 Posted 06/16/2018  10:59 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
I would guess for me about 10 rolls. The find would have a book value around $5.

Note he said book value, not what you can actually sell it for.
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chafemasterj's Avatar
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 Posted 06/16/2018  11:23 am  Show Profile   Bookmark this reply Add chafemasterj to your friends list Get a Link to this Reply
Lol. Nice.
Check out my counterstamped Lincoln Cent collection:
http://goccf.com/t/303507
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John1's Avatar
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 Posted 06/16/2018  12:28 pm  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
Went through three rolls this morning and found one wheat,2015 DDO and a 1972 DDO. Also a 2005 bar on column.Not bad for 20 minutes of work fun.Forgot to add a 1983 pre Cud.
John1
Edited by John1
06/16/2018 1:05 pm
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chafemasterj's Avatar
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 Posted 06/16/2018  12:47 pm  Show Profile   Bookmark this reply Add chafemasterj to your friends list Get a Link to this Reply
Nice John1! Will you be posting pictures anywhere?


Quote:
Also a 2005 bar on column


What is a "bar on column" error?
Check out my counterstamped Lincoln Cent collection:
http://goccf.com/t/303507
Edited by chafemasterj
06/16/2018 12:49 pm
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John1's Avatar
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 Posted 06/16/2018  1:04 pm  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
No pics,sorry. Bar on column is a DDR.
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Errers and Varietys's Avatar
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 Posted 06/16/2018  1:11 pm  Show Profile   Bookmark this reply Add Errers and Varietys to your friends list Get a Link to this Reply
The "bar on column" is not an error, but a variety, since it happened in the die making process. Anyway, it's a minor Doubled Die Reverse on the middle column, where Abe Lincoln is.
Errers and Varietys.
Edited by Errers and Varietys
06/16/2018 1:12 pm
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