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1998 S Close AM Lincoln Memorial Penny? Did I Really Find One?

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Kmrakid's Avatar
United States
17 Posts
 Posted 03/23/2019  6:08 pm Show Profile   Bookmark this topic Add Kmrakid to your friends list Get a Link to this Message Number of Subscribers
Good afternoon to everyone. I purchased some uncirculated S proof pennies the other day. As I was going through them I think I may have found a 1998-S Lincoln Cent with the Close AM. The coin also has the far away FG initials and is missing the - at the end of the G in the initials. I have attached photos for review, if anyone could confirm or deny what I am thinking I would really appreciate it. If it is a Close AM all I have to do is decide to keep it or sell it. Thanks again.
1998-S-Close-AM-Lincoln-Memorial-Penny?-Did-I-Really-Find-One?
1998-S-Close-AM-Lincoln-Memorial-Penny?-Did-I-Really-Find-One?
1998-S-Close-AM-Lincoln-Memorial-Penny?-Did-I-Really-Find-One?
1998-S-Close-AM-Lincoln-Memorial-Penny?-Did-I-Really-Find-One?
1998-S-Close-AM-Lincoln-Memorial-Penny?-Did-I-Really-Find-One?
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SilverCents's Avatar
United States
3281 Posts
 Posted 03/23/2019  6:14 pm  Show Profile   Bookmark this reply Add SilverCents to your friends list Get a Link to this Reply
The valuable one, and the one you should be looking for, is the Wide AM. You should only be looking for the Close AM on the 1992 cent.
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Kmrakid's Avatar
United States
17 Posts
 Posted 03/23/2019  6:21 pm  Show Profile   Bookmark this reply Add Kmrakid to your friends list Get a Link to this Reply
Hi, originally that is what I thought. However, I have a dozen or so Wide AM versions they are all over the place. On ebay and other sites it shows the Close AM version as being the expensive on as well, the PCGS price guide says the closa AM is the one to collect and not the wide. This is making me crazy, more internet reading this weekend I guess. Thanks again for your reply. Have a great night.
Valued Member
Canada
195 Posts
 Posted 03/23/2019  6:25 pm  Show Profile   Bookmark this reply Add Roro57 to your friends list Get a Link to this Reply
My understanding is the Close AM on the proofs are also a mistake and collectable. The Close AM was intended for circulation strikes. But I have been wrong before.
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Kmrakid's Avatar
United States
17 Posts
 Posted 03/23/2019  6:27 pm  Show Profile   Bookmark this reply Add Kmrakid to your friends list Get a Link to this Reply
Hi,
Yes, it is a proof from the SF mint, that would have been an important fact for me to have put in my description. Sorry about that.
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Jadey's Avatar
United States
900 Posts
 Posted 03/23/2019  6:30 pm  Show Profile   Bookmark this reply Add Jadey to your friends list Get a Link to this Reply
I have no experience in these, but it sure looks close to me.

Quote:
Lincoln Cent Resource
The following is a list according to rarity of all known abnormalities, the 1992 Close AM
being the scarcest. This list does not include the other know transitional reverse varieties, such as the
1988 P & D RDV-006.
1. 1992 Close AM - extremely rare
2. 1992 D Close AM
3. 1998 S Close AM
4. 1999 S Close AM
5. 1999 Wide AM
6. 1998 Wide AM
7. 2000 Wide AM - least rare


It seems as though the 98 & 99 S proofs are rare in the Close AM variety, while the 98 & 99 business strikes are rarer in the Wide AM.
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Kmrakid's Avatar
United States
17 Posts
 Posted 03/23/2019  6:36 pm  Show Profile   Bookmark this reply Add Kmrakid to your friends list Get a Link to this Reply
Hi,
Thanks, I like the list you sent. Now, I can try and figure out which ones I want to try and collect first. Thanks again.
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Tanman2001's Avatar
United States
4402 Posts
 Posted 03/23/2019  6:40 pm  Show Profile   Check Tanman2001's eBay Listings Bookmark this reply Add Tanman2001 to your friends list Get a Link to this Reply
Looks like Close AM, great find!
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Errers and Varietys's Avatar
United States
74189 Posts
 Posted 03/23/2019  6:46 pm  Show Profile   Bookmark this reply Add Errers and Varietys to your friends list Get a Link to this Reply
Come on SilverCents. There's also the Close AM variety on the 1998, 1999, and 2000 S Proof Cents. Nice find! It's the real deal and worth a lot of money! https://www.davescollectiblecoins.c...incoln-cent/
Errers and Varietys.
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GrapeCollects's Avatar
United States
8938 Posts
 Posted 03/23/2019  6:49 pm  Show Profile   Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply
Awesome find!

SilverCents, it's opposite of the business strikes on the proof versions.
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levelsofmadnes's Avatar
United States
3003 Posts
 Posted 03/23/2019  6:50 pm  Show Profile   Bookmark this reply Add levelsofmadnes to your friends list Get a Link to this Reply
Congratulations!!
For more info see go to DOUBLEDDIE.COM and click on TRANSITIONAL DESIGNS.

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Kmrakid's Avatar
United States
17 Posts
 Posted 03/23/2019  6:54 pm  Show Profile   Bookmark this reply Add Kmrakid to your friends list Get a Link to this Reply
Thanks everyone for letting me know, so far the best coin I have found. Here's to more finds through the years.
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DrDon's Avatar
United States
2624 Posts
 Posted 03/23/2019  6:57 pm  Show Profile   Bookmark this reply Add DrDon to your friends list Get a Link to this Reply
Nice find Kmrakid.
to the community.
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SilverCents's Avatar
United States
3281 Posts
 Posted 03/23/2019  7:01 pm  Show Profile   Bookmark this reply Add SilverCents to your friends list Get a Link to this Reply
Sorry fellas, I was rushing that post, had to eat dinner, dang...I feel like an idiot right now. If I'm going to be honest I completely forgot about the proofs having a different strike.

Lesson learned folks, don't rush yourself when your dealing with coin errors!
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coop's Avatar
United States
62064 Posts
 Posted 03/23/2019  8:18 pm  Show Profile   Bookmark this reply Add coop to your friends list Get a Link to this Reply
Looks like a great coin. I'm not sure what they are going for now days, but at first they were crazy money. Keep that one safe and free of finger prints.
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DrDon's Avatar
United States
2624 Posts
 Posted 03/23/2019  8:27 pm  Show Profile   Bookmark this reply Add DrDon to your friends list Get a Link to this Reply
Several sold on ebay $269- $400 slabbed.
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