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Replies: 29 / Views: 4,822 |
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Pillar of the Community
United States
520 Posts |
After about 6 months or so, I have sold almost all my coin collection and albums..bad idea. I'm hooked again and want to start up my lincoln wheat collection again. Already have my dansco album up to 1958, and went to the store today and bought tons of BU cents toward the later years..only spent 33 bucks so I think I did well.
Got a 1913-S for 15..Id say its F-XF detail is pretty solid but does seem to have some tiny scratches possibly? Not sure but looks about perfect it still has luster.
Rest of the pennies were anywhere from 25c to 1.50 each.
Any suggestions or guides on how I should go about collection as well as where I should purchase?
I am looking for any recommendations and help!
Thanks guys
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Pillar of the Community
United States
4989 Posts |
Based on mintage I think these are all winners. The ones marked with * are coins I have found roll searching or searching through my dealer's 10 cent bin: 1909-S-VDB, 1909-VDB*, 1909-S, 1910-S, 1911-D*, 1911-S, 1912-D*, 1912-S, 1913-D, 1914-D, 1914-S, 1915-D, 1915-S, 1921-S*, 1922-D*, 1922, 1923-S, 1924-D, 1924-S*, 1926-S, 1927-S*, 1928-S, 1931*, 1931-D*, 1931-S, 1932*, 1932-D*, 1933, 1933-D*, 1938-S, 1939-D* Note I ommitted 1913-S because you already have it obviously a great, great LWC
Edited by fenton 10/31/2011 10:35 pm
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Bedrock of the Community
United States
10635 Posts |
You can pull a lot of what you need from rolls purchased at any bank. Best part of all... the cost is only 1 cent each! Check out the thread on searching Lincoln cents from bank rolls.
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Pillar of the Community
 United States
520 Posts |
merclover- my only real problem with that is that I am searching for a really strong set. I want it to be a valuable and nice BU type set. I hardly ever find any BU wheats in rolls and I have search through at least 1,000 worth of them. As a college student its tough to drop 100 worth on a box of pennies and then have the time and space to organize them out and search all of them. Any suggestions on that as well? and I do not have a roll sorter/coin roller. So I would have to do it all by hand or have them send it off to another bank to be counted since I am with regions. That alone costs a decent amount itself. I feel like it is just more worth it to hand pick them and or purchase them off ebay. fenton- I will for sure be on the look out for those. I do have a nice MS 64 VDB but there are a few lincoln in there that are going to cost me a "pretty penny" haha..thanks for all the help
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Bedrock of the Community
United States
10635 Posts |
Casutherland, with our busy lives, finding time for roll searching is difficult for all of us, but it's easy to squeeze in a roll to search here and there. There is no rush, you can search as quickly or slowly as your schedule dictates. A bank box costs $25 for 50 rolls, but you could get less if the $25 squeezes your pocketbook too much... start with $10 worth, or whatever amount you can handle. Just member, you'll be turning in what you don't keep, so you are only "borrowing" the pennies. I've found all the Memorial Lincolns in BU in rolls after only a few boxes. Wheat BUs are a bit tougher, but they are out there. I just got lucky and found three customer wrapped rolls at my bank with all BU Wheats. I'll be posting a few of my finds over in the Lincoln Cent Roll Searching thread here on CCF soon... really nice coins, BUs from 1941 through 1959, all mints, someone's collection for sure, and I got them for one cent each! I was lucky, as this don't happen everyday, but in rolls from the bank, you never know what you'll find, and the thrill is in the hunt! My oldest find so far is a 1930-S, but it is a Red Gem BU! If you can, give roll searching a try... its fun but addicting! Good luck!  Forgot to add... I don't use any fancy coin counters... it's easy enough to count out 50 and roll them yourself, it's no big deal. And if you nicely ask your cashier from the bank, they will even give you the paper rolls you'll need to fill so you can return them wrapped, free of charge!
Edited by merclover 11/01/2011 03:04 am
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Pillar of the Community
United States
4085 Posts |
If you are trying to build a BU set - which I think is a great goal, maybe because that is what I am trying to do  - you are going to have to commit to 1) taking your time and 2) spending some money on it. If you search enough rolls, you can probably find quite a few coins from the 1950's and maybe a few from the 1940's, but for the most part, you are going to have to buy some coins and your chances of finding BU earlier than the 1940's in rolls will decline pretty rapidly. I have my set built in BU back to 1930 and have all the Philly mints in BU except for 1912 and 1915. Based on my experience, you are looking at: 1950's - probably can get these for less than a dollar each, maybe better if you bargain hunt a little 1940's - probably can get these for $2-4 each, again, bargains do exist. 1942-S is one you will probably need to shell out a little more for. 1934-39 - you are probably looking at anywhere from $5-15 each for these. BadThad has some pretty attractive deals on some 30's coins in the auctions section right now... 1928-33 - you are looking at $20-30 each for many of these and you have a couple of your first key/semi-keys in here - 31-D $100+ and 31-S $175+. Some of the branch mints from the late 20's could run you $40-50 as well. 1909-27 - the P mints are pretty affordable - similar to the 28-33, with a few exceptions, but everything can probably be had for under $100 each and most under $50. But the branch mints are going to be expensive - BU coins will be in the low hundreds and of course the keys (09-S, 09-S VDB and 14-D) will be very expensive. The 09-S is not too bad but the other two are in the thousands each. I am telling you all of this not to get you discouraged but just to plan out your approach. You can get brown circulated coins for most pretty cheaply and so in my case at least, it helped me to have "a set" that was mostly complete that I could upgrade. Then I set some interim goals - BU back to 1940, then BU back to 1934, then BU back to 1930, etc. You can make pretty good progress back to 1934 with not a ridiculous amount of money - when you get there, hopefully you are out of college and can boost the budget a little. I have had good luck with ebay, coin stores and coin shows - I'd use them all as sources. For memorials especially, you can pull them out of rolls too. I went to a coin show this weekend and could have put a serious dent in some teens branch mints. Unfortunately, I didn't have a couple thousand dollars to spend on coins...  Patience will be key...
Edited by KenKat 11/01/2011 09:57 am
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Pillar of the Community
 United States
520 Posts |
merclover- I do think that I am going to buy a couple boxes of pennies and see what all I can get that way. I am realizing that patience is very important and time is the key to making a good set. I am going to take this approach as well as trying to haggle with some local dealers. It is pretty easy to work them down on price. All you have to say is well I will just wait and try and find it cheaper, then all of a sudden the price you offered becomes the one they accept haha.
Kenkat- hey man I really appreciate the advice. While I do not make a ton of money, I believe that now is the time to dish out a little extra money on making this set while I am still living off my parents some and not paying many bills. I am going to hit the coin shops locally and in my college town weekly to try and find steals. This is a very good approach to coin collecting though. I believe I am going to try and complete it first by just get like Fine-XF in the early 10s-20s and then shoot for BU from 30s-50s. While I don't have a ton of money, I believe this is very possible as well as searching boxes and rolls etc.
Now this is a very different question, but how difficult is it to find rare dies and double dies, error dies etc in newer lincolns and lincolns in general. Can you spot it with your naked eye or do you need certain tools etc? Also as far as making a good album, is it ok to us MS70 on the pennies? I have heard its the best out there and just restores a bit of shine and removes dirt but doesn't do any chemical stuff to it. anyway these are just a few questions I thought I would leave for you guys.
Thanks again, the continued help is awesome! Hope God blesses everyones day :)
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Pillar of the Community
United States
1256 Posts |
I have just started working on the early years. I have a lot but they are not up to collection grade. I'm doing these in strong XF and even though I can afford most Philly's in a higher grade I would rather they match. The big keys will suffer some I'm sure. Date range 1909 through 1933. My first step was to make a budget sheet. I used PCGS and another unmentionable site along with buy it now prices on ebay. The goal is to stay under these prices. I've got a few half price which is nice (watch that shipping!) Set a max price you want to spend on each coin. Stick with it. This is what takes time as it's too easy to be impulsive. Next I decided on an amount to either use or save per payday. Set up an account to handle that (actually did this at lunch today). Set up my searches on ebay and wait. I'm very limited on coin shops and shows here but I'm sure they'll come into play soon enough. If I get one or 2 nice XFs a month, I'll be tickled. Best of luck!
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Pillar of the Community
United States
4085 Posts |
Tim, I do something very similar - I have a price sheet, I have a budget, I use the saved searches on ebay. You are right, sometimes you can score a bargain! For the OP, I wouldn't personally use MS70 - it's the equivalent of dipping a silver coin and I don't like to remove the patina. I think the appearance of the coin is permanently altered, especially with copper.
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Pillar of the Community
 United States
520 Posts |
I need to try and do one of those although I don't know the prices very well yet..I am trying to research as much as I can and figure out bargains and steals from retail..I LOVE MS 70, it is some awesome stuff..especially for albums and stuff. It really gives back some of that luster and just removes all the dirt and crap on the coin. It doesn't really chemically hard them like dipping does.
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Pillar of the Community
 United States
520 Posts |
Tim I am definitely going to try and work on that.. I really need to organize a price sheet, but first I need to KNOW the prices haha
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Bedrock of the Community
United States
10635 Posts |
Quote: ..I LOVE MS 70, it is some awesome stuff..especially for albums and stuff. It really gives back some of that luster and just removes all the dirt and crap on the coin. Being unfamiliar with "MS70" I looked it up. I found that this: "MS-70 coin cleaner is a blend of industrial detergents and surfactants". Nothing about this sounds appealing, and I for one don't want it anywhere near my coins.
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Pillar of the Community
United States
1256 Posts |
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Pillar of the Community
United States
627 Posts |
I don't want to be a negative Nancy, but I have found searching rolls (and bags) from banks to be a HUGE time-sink. You can find 1930s, 1940s, and 1950s in MS66RD already graded for around $20 on ebay. This may sometimes reach $30 or $40, but most can be had for less. If you go down to something lower like MS64 or MS65 they are basically had for a few dollars. Some don't like "graded/slabbed" coins, but for copper this extra level of protection from the elements gives me some piece of mind. Copper is so incredibly reactive with the elements and air that it's hard to think of a better way to protect them (though no 100% guaranteed). Just my 2 cents.
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Pillar of the Community
United States
1256 Posts |
I'm not a slab guy but you're right about buying the post 1934 in BU for reasonable money. Finding these in rolls is not really an option. At best you'll find some MS62 from the late 50's. S mint will be even harder.
I "enjoy" searching bank rolls but I don't expect to find wheats that will upgrade what I have. Memorials maybe but I don't try that hard.
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Pillar of the Community
 United States
520 Posts |
Ya I mean searching rolls is fun, but I honestly haven't found anything HUGE ya know? Sometimes I just feel like I can be wasting my time. I mean it literally is a HUGE time sink. To throughly search a full box of pennies, it normally takes about 3-4 hours for me. Or I can hop on ebay and find some buy it nows for dirt cheap. Especially auctions. I really like greatsoutherncoins wheats on ebay. They are always in great BU shape. Once again guys thanks for all the help. And just a pointer, from what I have read and experienced. All MS70 does is just remove dirt and grim. It literally does about nothing else. It just restores the coin slightly. I truly wouldn't even consider it to be cleaning really. It does nothing to the finish at all.
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Replies: 29 / Views: 4,822 |