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Questions About Coins I Have From An Estate Auction

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New Member

United States
2 Posts
 Posted 01/13/2014  11:59 am Show Profile   Bookmark this topic Add reihner to your friends list Get a Link to this Message Number of Subscribers
I purchased a huge bag of coins at an estate auction a few years back and I thing I have a few "gems" in it but being a newbie, I have no clue. A stand out is a 1980 S Lincoln Memorial cent that is one of the pieces that came in a 2x2 cardboard holder. Super shiny and my camera (or at least the operator) cant get a good pic of what the facial deep scratches on Lincolns forehead and check. I don't know if these happened at mintage or afterwards. Is there a way to tell? And how would I find out what its worth?

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upstate's Avatar
United States
3278 Posts
 Posted 01/13/2014  12:13 pm  Show Profile   Bookmark this reply Add upstate to your friends list Get a Link to this Reply
It's a proof coin and if it has scratches it's an "impaired" proof meaning someone
broke out a proof set and spent the cent. Impaired or not it's not worth a heck of a lot
but is a nice coin to have.
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Finn235's Avatar
United States
6130 Posts
 Posted 01/13/2014  12:19 pm  Show Profile   Bookmark this reply Add Finn235 to your friends list Get a Link to this Reply
I hate to be the bearer of bad news, but it's worth next to nothing.

What you have is a proof coin. These have been made at the San Francisco mint (hence the S) since 1968. They are made with deeper strikes than regular circulation strikes, and use polished planchets (metal discs) to achieve the mirror-like surface. They have a reduced mintage (usually around 3-5 million, compared to billions of circulation strikes) and are only issued to collectors for a premium. These proof sets came in cellophane or plastic cases, and originally contained one coin of every denomination that was minted at the time.

Your coin was removed from one such set at one point in time, and was scratched before it was put in the cardboard 2x2. Proof cents can go for quite a bit of money if they have errors or are in *flawless* condition, but your coin is a damaged proof. With the scratches, it's probably worth about 25 cents at the most. Most collectors would tell you that it's only worth face value. It's a neat addition to your collection, but not a valuable one.

What else did you get in the bag? Any dimes, quarters, or half dollars made in 1964 or earlier are 90% silver and are worth quite a bit more than face value.
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United States
2 Posts
 Posted 01/13/2014  12:35 pm  Show Profile   Bookmark this reply Add reihner to your friends list Get a Link to this Reply
8-10 '64 or before Kennedy halves, prolly 12 or more each quarters, and dimes, definitely some error coins, some newer tones one of which is a 75 penny still in mint package, etc.. with the errors, since I'm a newb unless they are obvious I cant tell LOL,
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albertharris's Avatar
United States
901 Posts
 Posted 01/13/2014  1:02 pm  Show Profile   Bookmark this reply Add albertharris to your friends list Get a Link to this Reply
Most estate coins have little value unless the collector was knowledgeable. If there are a large number of old rolls, estate sales can be a great thing. I'm still working on an estate sale buy 2 years later. I find many more double dies and rpm's in these rolls than "unsearched rolls" on ebay. The finds are mostly worth little in the time you spend finding them. Enjoy the hunt, don't expect to retire early from a find.

This rpm is worth about $10-15, most coin shops won't buy it, one's that do will give you less than $5. Took 27 hours of 1955s roll searching to find it.

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Merc Man's Avatar
United States
561 Posts
 Posted 01/14/2014  3:51 pm  Show Profile   Bookmark this reply Add Merc Man to your friends list Get a Link to this Reply
Nice find albertharris !
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CoinCollector2012's Avatar
United States
8137 Posts
 Posted 01/14/2014  4:34 pm  Show Profile   Bookmark this reply Add CoinCollector2012 to your friends list Get a Link to this Reply
I like it! That luster is amazing!
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United States
20753 Posts
 Posted 01/15/2014  11:17 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

It is possible that the scratches are on the plastic of the 2x2. Nothing to loose so open that 2x2 and check the coin itself. Try not to touch it with your fingers or you could leave a finger print on it. IF not scratched, should be worth only about $2 to $3. IF scratched, only a small amount. Have another 2x2 handy to put it in anyway.
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