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LWC Collecting Questions.

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MontCollector's Avatar
United States
2403 Posts
 Posted 06/18/2016  8:28 pm Show Profile   Bookmark this topic Add MontCollector to your friends list Get a Link to this Message Number of Subscribers
I have been thinking about starting a collection of LWCs. Was wondering how people go about collecting them, i.e. by date, errors, toned?

What is the best way to get coins in rolls? What can I expect in prices for BU rolls vs circulated rolls?

Can unsearched rolls still be obtained?

Thanks for any info...Mont.
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CRHer's Avatar
United States
221 Posts
 Posted 06/18/2016  8:44 pm  Show Profile   Bookmark this reply Add CRHer to your friends list Get a Link to this Reply
You can still find unsearched rolls, but I would recommend getting them from LCS. Buying them on ebay seems to risky for me. I myself have had luck with unsearched BU rolls from my LCS. I recently bought a roll of BU 1957D LWC, with about 3/4 having RPMs. Hope I helped a bit.
-CRHer
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MontCollector's Avatar
United States
2403 Posts
 Posted 06/18/2016  8:49 pm  Show Profile   Bookmark this reply Add MontCollector to your friends list Get a Link to this Reply

Quote:
You can still find unsearched rolls, but I would recommend getting them from LCS


"Local" coin store...hmmm. Here in Montana that is a 250 mile round trip. Cost more in gas than paying postage to have them mailed.
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ChildOfTheWheat's Avatar
United States
5828 Posts
 Posted 06/18/2016  8:51 pm  Show Profile   Bookmark this reply Add ChildOfTheWheat to your friends list Get a Link to this Reply
It depends on how you define "Unsearched". All coins have obviously been looked at at one point... Many honest sellers have these listed, and you can get some nice hole fillers from those althouh, to be honest, i'd much rather suggest buying individual coins where you can inspect the quality of the strike and cherry pick the best coins

Prices differ on BU rolls by date and MM. Basically 40's and 50's rolls can be found cheaply enough but rolls of other dates in BU can get expensive. Rolls of UNC 1943 cents that havent rusted are also hard to come by (compared to normal coins).

Most people use Dansco albums for their LWC collection, I know I have mine in one right now.

Most people collect by date + MM, as this is the standard. Usually the only error considered part of ones collection would be the 1922 No D. Some people choose to add the famous 1917 DDO, 1936 DDO, and 1955 DDO coins to their collection, and both the first coins can be found for under $150 in decent grade, but the 1955 DDO will set you back a few thousand.

Woody cents are amazing, although it is more often found on earlier dated coins in AU or MS condition.

Also, most people do not collect the proof coins as part of the LWC set, as they dont have a special mint mark.

Some dates are prone to weak strikes, many early branch mint issues suffer from this. I've also noticed this on the early 30s coins as well, most likely due to the economic depression and the need for dies to be used for longer periods of time than usual.

Thats pretty much all that I can think of right now, if you have any other questions just ask. Also, I'm sure many other members will post on here as well.

SIDE NOTE: I suggest picking up a copy of Q. David Bowers' A Guide Book of Lincoln Cents (part of the RedBook series hes writing) on Amazon... It's only $15 and its an amzing tool!
https://www.amazon.com/Guide-Lincol...p/0794822649
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mdrosophila's Avatar
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724 Posts
 Posted 06/18/2016  10:54 pm  Show Profile   Bookmark this reply Add mdrosophila to your friends list Get a Link to this Reply
Date set with mint marks is popular.
Early BU rolls are almost impossible.
Honestly no body will try to buy non TPG early lincoln rolls, with each coin worthy of more than couple thousand dollars.
Try to get or sell a BU red 1914 D roll or a 1926 S red BU roll, with price approaching half millions dollars.
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T-BOP's Avatar
United States
18456 Posts
 Posted 06/19/2016  09:20 am  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
The LWC is one of the most popular sets to collect. I've always collected them by date ,mint ,and condition . there are a few key dates that are up in price compared to the bulk of the series . start with a nice circulated set; SAY- very good to EF . then after some time , upgrade your collection one by one. this makes it very exciting and keeps you interested in the set .
Uncirculated Red Wheaties 1944-pds TO 1958-pd are fairly cheap, not a problem with that. Now, 1934-pd TO 1943-pds
will start to get a little expensive . But anything earlier than that puts most guys out of touch.
As far as rolls go, It's very hard to buy red unc. rolls earlier than 1944- pds. later than that not much of a problem . BTW don't let anyone try to sell you an UNSEARCHED bu roll OF 1955-P ,they just don't exist.
good luck and have fun with LWC's !
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KenKat's Avatar
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4085 Posts
 Posted 06/19/2016  11:10 am  Show Profile   Bookmark this reply Add KenKat to your friends list Get a Link to this Reply
Good advice from many posts above. I agree that a date / mint mark set is probably the most popular. A lot will come down to your budget and how much time and patience you are willing to put into it.

I think a good starting point is to collect 1934-1958 in uncirculated red / red brown condition and the rest in circulated. For the 34+ group, you probably won't need to spend more than $15-20 for the earlier coins and once into the later 30's and up, not more than $10. The 1909-1933 run has four key dates that will be a barrier to most budgets - 31-S, 14-D and 09-S will set you back $100-200 in circulated condition and 09-S VDB is probably close to $1000 unfortunately. (I don't consider 22 Plain part of a date / mint Mark set personally).

In addition to the wheat set, a nice red memorial set can be a lot of fun to assemble.
Edited by KenKat
06/19/2016 11:12 am
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T-BOP's Avatar
United States
18456 Posts
 Posted 06/19/2016  4:02 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply

Quote:
(I don't consider 22 Plain part of a date / mint Mark set personally).

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Coinfrog's Avatar
United States
94367 Posts
 Posted 06/19/2016  4:44 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Before you even start, by all means get the Bowers book as suggested by Child of the Wheat. By the time you've read it, I'll bet you will know exactly what aspects of LWC collecting appeal to you the most.
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batboy's Avatar
United States
650 Posts
 Posted 06/20/2016  07:51 am  Show Profile   Bookmark this reply Add batboy to your friends list Get a Link to this Reply
It took me 45 years to complete my wheat back cent collection. Perhaps you can do it a bit faster. ;)
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United States
527 Posts
 Posted 06/20/2016  07:51 am  Show Profile   Bookmark this reply Add Paola1 to your friends list Get a Link to this Reply
What I suggest to you from my own experience ...
First thing you already did ! Becoming member of the CCF you will learn a lot and get some experience and good opinions from very expert people .
Then I recommend buying a book to become familiar with errors, mintage etc...
Buy some albums , I have the wheat ones ( from 1909-1958) and the Memorial cent (from 1959...), this last it's fast and easy to find the coins in good condition.
The wheats , that's another story , if you're not looking for high grade coins you would find some in circulation , specially 1940's and 1950's....the early wheats it's harder but not impossible .
What I did , found most I could in LCS and bought the ones that was missing from ebay ...
I collect everything about Lincoln cents , toning , errors , variety ....
I done my albums with chocolate color not high grade coins and I'm working actually in a shadow box project that I will share here soon.
Good luck and stay around !
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