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New LMC Storage Question

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Valued Member

United States
131 Posts
 Posted 05/30/2012  1:39 pm Show Profile   Bookmark this topic Add whatsthedillio to your friends list Get a Link to this Message Number of Subscribers
When I have new pink rolls of lincoln cents is it better to keep them in air tight containers to keep them pink or open so they will tone up (like red for instance).

Which will retain best value 10 or 20 years from now?
Bedrock of the Community
United States
20753 Posts
 Posted 05/30/2012  1:47 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
If you notice most collectors of anything usually prefer that item to be as close to new as possible. Sort of like Star Wars figures that are still in the original package. Or if you watch teh Antique Road Show you would many times hear how an item is worth more due to it's original condition. Same with coins. If you keep them looking new for 30 years, you would possibly get much more for them compared to ones that appear to be left out in the weather.
The real problem is knowing what to keep. For example some really old cars are just old cars. Yet others of the same age are worth a fortune. With coins it would be only a guess as to want to keep for 30+ years.
As an example I USED to save all the Bicentennial Quarters I could find. So did a friend of mine. Way after over 30 years they all are worth about $0.25 in mint coindition. You just never know.
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jdbooth's Avatar
United States
236 Posts
 Posted 05/30/2012  10:39 pm  Show Profile   Bookmark this reply Add jdbooth to your friends list Get a Link to this Reply
If you want to keep the value as high as possible, don't tone them. A red (RD) cent is more valuable than a red brown (RB) cent which is what you will have if you let it tone significantly and might color grade to a brown (BN) which is yet lower in value.

On the other hand some people pay a premium for toning. Some lime myself prefer an evenly toned coin of one or two colors and others like a rainbow toned coin. There is a market for everything.

You cant lose keeping them red if you're talking about a copper coin.
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ghostrider's Avatar
United States
1116 Posts
 Posted 05/31/2012  12:49 am  Show Profile   Bookmark this reply Add ghostrider to your friends list Get a Link to this Reply
I keep them in a coupld of ways:

1: in the wrappings that I get from Brinks

and

2: In old pill bottles that are labeled as to what is inside.

Who knows what is going to be more valuable in 15 or 20 years. I won't know if they are going to be worth something but my kids will.

With my luck the kids will probably be wondering what the old fool was thinking about back then in 2012, 2011, or 2010 or whenever. But then again they could be saying that the old coot was wily and knew something after all.

Who knows. Its really a flip of the coin.
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eaglefoot's Avatar
United States
6326 Posts
 Posted 05/31/2012  08:07 am  Show Profile   Bookmark this reply Add eaglefoot to your friends list Get a Link to this Reply
If you are referring to 2012 LMC's......and keeping "these" intact in rolls.

It's going to take A LOT more than 30 years for them to be worth anything..... IF EVER.
Keeping a coin or coins in BU condition is one thing.
But keeping brand new Cents for the year 2011 or 2012 and hoping they'll be worth some good money in a half a century or so, is just not practical or likely or ever potentially profitable, IMO.

But yes, any or all methods of preserving original mint luster are always the best idea when one is wanting to stock coins for the indeterminate future.

Temperature.
Humidity.
Environmental - (gasses-fumes-toxic cleaners,etc)
Thievery.
Fire.
Flood.
Bedrock of the Community
United States
20753 Posts
 Posted 05/31/2012  09:30 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
On the brighter side though, if you should attempt to preserve those newer types, find a place where you could make a time capsule. Very possibly in a few thousand years they would be found and since by then coinage will have been abandoned, yours will then be worth a lot of whatever is then used.
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