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Opinions Wanted On 1958 D LWC Uncirculated Hoard

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KenKat's Avatar
United States
4085 Posts
 Posted 03/26/2020  09:08 am  Show Profile   Bookmark this reply Add KenKat to your friends list Get a Link to this Reply
I think the thing you are going to run into is that the coins you are grading out as MS67 are probably mostly 65s and 66s and the ones you think are 65+ are probably mostly 64s and 65s. Unless they were hand picked out of a large number of rolls - and why would you hand pick them and then put them back into a roll.

Not trying to be discouraging but just go slowly so you don't get to far out in front the grading process and end up disappointed.
Bedrock of the Community
United States
20753 Posts
 Posted 03/26/2020  09:47 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Due to the Virus stuff lately I wouldn't even try to sell coins. People just not into coins at a time when they are thinking of being safe.
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cladking's Avatar
United States
2271 Posts
 Posted 03/26/2020  10:09 am  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply
I've seen stashes of high grade coins from this era. They are not rare. I just processed a stash of Gem '60-D sm dt cents recently and most were MS-64 and higher. Most of them I just put into circulation. But I saved out a dozen very nice examples that maybe family can profit from someday. Everything I can't sell is being released or set aside. That means the vast bulk of it is unceremoniously dumped in circulation.

I suspect most of these stashes were made by collectors who just couldn't afford to set aside a $50 bag of cents back in 1958 so they went through and just saved the nice ones. The problem today is no one cares. There's a little demand but it's for the highest grades and getting these grades is difficult today. Even dates where nice gemmy coins are tough nobody cares about full blazing Gems. I can scan coins for grade very quickly. First eliminate the junk and you can take some time with the few left.

Of course my opinion that this is what the original poster has is contingent on the coin being representative and that the picture is a good representation of the condition. But I've seen such rolls and stashes and I've graded may coins from pictures so my opinion is formed largely of experience. Nobody can grade from pictures but pictures and experience can provide a pretty good conception in many cases. Of course better pictures of more coins could change the opinion. Of course even with better pictures the coins might look different in hand.
Time don't fly, it bounds and leaps.
New Member
XR7GTDGS's Avatar
United States
7 Posts
 Posted 03/26/2020  11:26 am  Show Profile   Bookmark this reply Add XR7GTDGS to your friends list Get a Link to this Reply
Thank you everyone for the input. I really appreciate it.
I look forward to getting my new camera in, so I can take better pics. With everything going on, I'm not going to hold my breath for delivery.
Valued Member
United States
318 Posts
 Posted 03/26/2020  1:22 pm  Show Profile   Bookmark this reply Add mikem007 to your friends list Get a Link to this Reply
If you are unsure about your grading abilities, go on ebay and purchase a cheaply priced 1950s or early to mid 1960s slabbed penny at MS66 grade. Purchase a 5x magnifying glass or loupe. Study the MS66 graded coin under 5x and use it as a reference point. If you believe any of what you have in that hoard is nicer than the MS66 grade, send it in. And don't attempt to clean any unless you are a professional restoration expert as otherwise you'll get your coin back in a body bag.
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BadThad's Avatar
United States
19952 Posts
 Posted 03/26/2020  5:15 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
Agree with CladKing

Search them all for the highest grades and make a high-grade roll. Take the single best coin and put it into your collection. I've done this many, many times over the years searching for the ultra gems.
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