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Spotting/Contact Marks On Mint Set Lincolns

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TheForce's Avatar
United States
4867 Posts
 Posted 04/11/2008  4:01 pm Show Profile   Bookmark this topic Add TheForce to your friends list Get a Link to this Message Number of Subscribers
I have a question about Lincoln cents that are contained in United States Mint Sets. I just got a small group of Lincolns still in the cello from 1968 to 1994 P&D from ebay. A number of them are quite spotty and some even a good bit of contact marks even though they are uncirculated. How much of a factor is this value wise? The spottiness doesn't look very attractive.

**I also posted this at the coppercoins forum.
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TheForce's Avatar
United States
4867 Posts
 Posted 04/11/2008  6:03 pm  Show Profile   Bookmark this reply Add TheForce to your friends list Get a Link to this Reply
Any thoughts? Maybe mint sets don't always yield the high quality coins. For me mint sets guarantee the coins are truly uncirculated and untouched. But even then I have learned doesn't mean your getting the best.
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cladking's Avatar
United States
2270 Posts
 Posted 04/11/2008  6:04 pm  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply
These cents are all very inexpensive when they are heavily marked. Even clean examples can be very inexpensive as well. High grade examples usiually come from these sets but most of the coins in the sets are marked. Some like the '88-D come extremely nice most of the time and some like the '79-D is typically very marked.

This is critical to pricing but you need to keep in mind that it will usually cost a lot more to get the best coins. To some extent it will be luck of the draw but most sellers of these make their profit on the higher grade pieces.

There are many ways to go about building these set but the best way in my opinion is to search the mint sets yourself. Keep your eye open for rolls but check dealers mint sets until you find the coin you want. It will cost only a little more and you'll end up with a really nice set.
Time don't fly, it bounds and leaps.
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cladking's Avatar
United States
2270 Posts
 Posted 04/11/2008  6:35 pm  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply
quote:
Any thoughts? Maybe mint sets don't always yield the high quality coins. For me mint sets guarantee the coins are truly uncirculated and untouched. But even then I have learned doesn't mean your getting the best.


Wow! 15 seconds after this post my last one posted.

The very best of almost all moderns appear in the mint sets. These coins are struck at lower speeds and under greater pressure. The use of new dies also helps to make sure that these are the finest coins each year.

The problem is that there is still a lot of trouble with strikes due to improper alignment of the dies. Finished coins often display planchet scratching because not all mint set planchets are burnished and pressures aren't high enough to completely eradicate these on all strikes. Then there's the trouble with marking. Much of this comes from handling and washing/ drying after they're struck. Some are even damaged by the equipment which inserts them on the plastic. The 1980-D half dollars almost all (~98.5%) have shallow scrapes from this equipment.

Generally you can figure about 2% of mint set coins are gems. About two sets out of three will contain at least one near gem or better coin. About .5% of pre-'80 sets will be entirely gem (one packet not both). All gem sets after 1979 are decidely tough and if you collect entire sets you'll probably have to settle for all near gem or better.
Time don't fly, it bounds and leaps.
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