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coinjem's Avatar
United States
73 Posts
 Posted 03/23/2018  06:12 am  Show Profile   Bookmark this reply Add coinjem to your friends list Get a Link to this Reply
For checking coin values, don't forget RedBook online at https://www.whitman.com/redbook

I also use http://cointrackers.com,

The Spruce, https://www.thespruce.com/us-coin-v...uide-4127548

and NGC, https://www.NGCcoin.com/price-guide/united-states/

I created a spreadsheet so I could compare those values side by side and entered formulas to calculate the min, max, and average.
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Conder101's Avatar
United States
17884 Posts
 Posted 03/23/2018  11:24 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:

Years ago I found a 1999 WAM, sent it in for grading and later sold it for $550. I've also found MANY other Memorial Cents of value. They don't have to be errors or varieties.


Such as what? The one piece you mention, the 1999 WAM is a variety. Except for extremely high grade coins I don't really know of any Lincoln Memorial's that have significant value if they aren't errors or varieties.
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SilverDollar2017's Avatar
United States
8715 Posts
 Posted 03/23/2018  11:59 am  Show Profile   Bookmark this reply Add SilverDollar2017 to your friends list Get a Link to this Reply
I don't know of any rare date and mintmark combinations in the LMC series, unless it's an error or variety.
Edited by SilverDollar2017
03/23/2018 12:00 pm
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cladking's Avatar
United States
2271 Posts
 Posted 03/23/2018  2:02 pm  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply

Quote:
There are a lot of people who have been sitting on coin jars for 30, 40, even 50+ years, plus thousands of rolls of every year were stashed away by hopeful collectors. That wasn't the case in the 30s and earlier, which is why you see a huge surge in value. I still occasionally find shiny pennies from the 1960s in pocket change, so I wouldn't ever pay much more than face value for one.

Really, I would say the only memorial cents worth anything would be rare varieries, errors, and those in MS 66 or better. I think a forever stamp is 47 cents these days... can you think of many cents you would trade a whole roll of cents for?


This is the common belief but it simply isn't true. There are simply no statistically significant hoards of coins made after 1964. You can easily prove this to yourself by getting a handful of something like early 1970's quarters. If there were large hoards then the coins in these hoards wouldn't wear and when they were released they would stand out as being high grade. such coins aren't there so there are no large hoards. Ask your local dealer how much of this stuff comes in the shop. He'll tell you almost nothing does and when he's forced to buy the rare accumulation of such coins he pays face value and puts them in his cash register.

Price guides list all moderns as virtually worthless but nice high grade clad sells on ebay for sometimes significant premiums. Price guide editors are worried about their customers and their customers mostly hate coins made after 1964. Listing them at face value is safe.

There are also almost no rolls of many of the post-'64 coins. Despite looking hard for 45 years I haven't actually seen a roll of 1969 quarters since early 1970.

Most of the cent coins from '59 to '64 can be found nice in circulation but not 1965 to 1972 cents. Pennies are worthless now days (they cost more to count than their face value) so they don't circulate and billions are sitting out. But this does not apply to nickels before 2000 or any clad at all other than non-circulating halfs and dollars as well as bicentennial quarters. It applies much less to states coins.
Time don't fly, it bounds and leaps.
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Parklane64's Avatar
United States
2668 Posts
 Posted 03/23/2018  3:42 pm  Show Profile   Bookmark this reply Add Parklane64 to your friends list Get a Link to this Reply
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OldMoney's Avatar
United States
97 Posts
 Posted 03/24/2018  02:37 am  Show Profile   Bookmark this reply Add OldMoney to your friends list Get a Link to this Reply


"Buy the book before you buy the coin."
Best quote I ever heard and heeded.
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spru's Avatar
United States
12477 Posts
 Posted 03/24/2018  03:08 am  Show Profile   Check spru's eBay Listings Bookmark this reply Add spru to your friends list Get a Link to this Reply

Quote:
Price guide editors are worried about their customers and their customers mostly hate coins made after 1964. Listing them at face value is safe.



Quote:
Most of the cent coins from '59 to '64 can be found nice in circulation but not 1965 to 1972 cents. Pennies are worthless now days (they cost more to count than their face value) so they don't circulate and billions are sitting out.


Both of those statements are not true.
In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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cladking's Avatar
United States
2271 Posts
 Posted 03/24/2018  09:21 am  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply
Every time a penny is used it has to first be dug out of a pocket or purse and then counted and tendered. The individual who accepts it has to also count it and put it in place with the other pennies. Then it will be counted again to be deposited in the bank, counted at the bank, and then counted and rolled to be shipped back to the store or given to a customer at the bank. Each time it's counted there is an individual waiting for it and sometimes two or three such as at the store.

The average household income in the US is 4,500,000 pennies per year. Many people throw them away to save the trouble of hauling them about. It would be good to throw them out but then the mint will just make a new one at a cost of about 3c to replace it.

The few price guides that list clad quarters for a premium list them at all the same value. The '83-P sometimes sells for up to $20 in AU but it will list at 28c just like the dreadfully common '98-D.

Time don't fly, it bounds and leaps.
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