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What Should Expect In A Complete Cent Set?

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ceaton's Avatar
United States
1179 Posts
 Posted 01/30/2009  2:42 pm  Show Profile   Bookmark this reply Add ceaton to your friends list Get a Link to this Reply
It is true with most people that are not hardcore that they will buy a nice looking shiney set and not think twice about it. Lets be honest. If you set Thad's memorial collection down and put a price tag of lets say $300. Put a ebay set down for $25. Which one would they buy? This is the obvious reason hardcore people like Thad wouldnt sell such a set because people do not know its true value.

I have bought a set off ebay, cherry picked that and then bought a ton of cents still in the mint packaging. This is what my set is mostly made from. All are very nice, spotless/problem free examples. Once my wheat set is complete, i'll eventually do what Thad is doing. It all depends on how serious you want to get with them.
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KenKat's Avatar
United States
4085 Posts
 Posted 01/30/2009  2:44 pm  Show Profile   Bookmark this reply Add KenKat to your friends list Get a Link to this Reply
I mainly meant battle scarred as in worn, not as in run over by a road grader!

I have been having fun building a Memorial set - because as you say you can still get them from circulation and they are "off the radar". My mother in law saved a bunch of pre-1982 cents ($20 worth) for my two sons and so we went through those filling out the back end of the 41-74 book and the front end of the 75-present book. I bought the 41-59 wheats dirt cheap and filled out a couple of the 60's S-mints from ebay - again cheap.

They are not all gems but a nice set nonetheless. We are still working on the 75-present book.

Ken
Valued Member
oshelt's Avatar
United States
103 Posts
 Posted 01/30/2009  2:56 pm  Show Profile   Bookmark this reply Add oshelt to your friends list Get a Link to this Reply
I am truely sorry for tooting my own horn..but I just have to mention that I possess a set of certified (ngc-pcgs) Memorial Cents 59-2008, both business strikes and satin finish, all mints, and currently ranked number 9 of 208 sets..this set has been a labor of love and is intended for my heirs...maybe. Who knows what can happen now that I'm retired?
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BadThad's Avatar
United States
19964 Posts
 Posted 01/30/2009  3:11 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
oshelt - CONGRATS! That's one heck of a Memorial collection! What is the grade range?
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oshelt's Avatar
United States
103 Posts
 Posted 01/30/2009  3:53 pm  Show Profile   Bookmark this reply Add oshelt to your friends list Get a Link to this Reply
they range from MS-65 (a few) mostly the early years in MS-66, then the later years are 67 and 68 with a few 69's...the set is been fun and will be updated as dollars are available...thanks for the compliment
dean
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cladking's Avatar
United States
2272 Posts
 Posted 01/30/2009  4:24 pm  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply
"I have to admit that I'm one prone to obsession. I'd love to grow an MS 70 collection, but right now I'm still not clear on what the varieties are and how to recognize them. Same with grading. So, I'd better start out with a 20 buck set from ebay and go from there.

Battle-scarred coins...I hear ya there! They hint at some nice stories. I was actually thinking of two types of cent collections. Slowly growing one of the "best and the brightest" and a "war torn, seen better days" collection. The latter being the way I feel most mornings ;)"

That's OK if it's what you want and it does sort of give you a benchmark for the quality to seek. $20 isn't that much anyway.

But you'll end up replacing every single coin probably since quality of these sets is rarely very high.

I'm a huge believer in the mint set coins. If you like clean coins it's alright to concentrate on rolls because some mint set coins are almost always beat up. But if you like nice solid strikes from new dies then you can pull out your hair trying to find these in rolls with clean surfaces.

It is a good idea to set your sights fairly low at first until you get a feel for the typical quality but the preassembled sets might be a little too low.
Time don't fly, it bounds and leaps.
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cladking's Avatar
United States
2272 Posts
 Posted 01/30/2009  4:49 pm  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply
One cent collectors do have one huge advantage over clad collectors: at least they have rolls to check. Some of the rolls are hard to find or usually come quite poor; they can be quite expensive as well, but the rolls exist. Many of the clad rolls simply don't exist in any meaningful quantity. You can go out and find rolls of quarters from the '30's but try to find a '69-P roll. They're almost impossible. The few you do see are almost invariably assembled from mint sets.

Cent collectors get to see more variety looking for the coins and get to see things that just don't exist in mint sets. Quarter varities and mules are nearly impossible in nice shape because they all come out of circulation.

A lot of collectors don't understand the fascination with nice moderns. They collect something which is normally made quite well so don't even notice the little flaws on some examples. Or they collect the very old coins in worn condition and they almost never see a superb coin in superb condition. But modern collectors mostly have something in common; typical exmples are exceedingly common and superb examples can be quite rare. Even typical (unc) examnples of many coins are scarcer than the '50-D nickel. This means lots of work seeking nice coins and the payoff is a beautiful set that can hardly be matched.

What more would any collector want?
Time don't fly, it bounds and leaps.
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hawkeye's Avatar
United States
141 Posts
 Posted 02/01/2009  12:16 pm  Show Profile   Bookmark this reply Add hawkeye to your friends list Get a Link to this Reply
BadThad - if you have time, I was wondering if you'd post a photo of what you consider a coin worthy of saving and one that's close, but no quite there for you. Maybe this is a dumb questions and I need to do my homework and learn how to grade Lincoln Memorials.
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BadThad's Avatar
United States
19964 Posts
 Posted 02/01/2009  1:17 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
Here's one I snagged out of an OBW roll:

https://goccf.com/t/41589
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hawkeye's Avatar
United States
141 Posts
 Posted 02/01/2009  2:03 pm  Show Profile   Bookmark this reply Add hawkeye to your friends list Get a Link to this Reply
That coins rocks! Thanks for posting the photo!!

Ok, silly question number 87...does a coin start red and then go red/brown and then brown or the other way around. Also, on toning. I absolutely LOVE toning! Apparently, it's not so popular with most folks, right?
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BadThad's Avatar
United States
19964 Posts
 Posted 02/01/2009  4:44 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
Cents start red from the mint and gradually turn brown, thus, we have the designations: RD (Red), RB (Red/Brown) and B (Brown). Browning happens mainly due to exposure to air (oxidation). Heavy browning comes from exposure to body oils and other contaminants.

Desirability of toning varies from collector to collector. Some like it and some don't. Personally, I love toned copper coins and bright red ones.....they each have their place.
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Edited by BadThad
02/01/2009 4:45 pm
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steve199's Avatar
United States
1882 Posts
 Posted 02/01/2009  7:14 pm  Show Profile   Bookmark this reply Add steve199 to your friends list Get a Link to this Reply

Quote:
I was wondering if you'd post a photo of what you consider a coin worthy of saving and one that's close,



Quote:
Here's one I snagged out of an OBW roll:


Hey BadThad, can you clarify this point to Hawkeye? He'll pull his hair out if he tosses every coin that's not as nice as that one.

( edit and a bump )
Edited by steve199
02/05/2009 12:33 am
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neversuited1's Avatar
United States
1121 Posts
 Posted 02/05/2009  07:52 am  Show Profile   Bookmark this reply Add neversuited1 to your friends list Get a Link to this Reply
Wow..lotsa good stuff on this post. oslhelt, very nice collection. I would love to see some pics! You make me want to work harder...not quite as hard as Thad..if I worked as hard as Thad on my Memorials, my fiance would leave me and I probably would die from sleep deprivation..hehe.

This is the thing I LOVE about this site...I haven't done any roll searching or bought a coin for myself in weeks...kinda in a rut. Well you guys sparked the flame inside me...my day is clear and I am going to the bank for rolls and to my coin supplier for any goodies, then back home to my desk to have some fun.

Thanks guys!
Valued Member
United States
429 Posts
 Posted 02/05/2009  4:14 pm  Show Profile   Bookmark this reply Add penny pincher to your friends list Get a Link to this Reply
If you read through all the posts there was one other item brought up you really should look into and that is roll hunting. Even if you do not have a coin store close by there is a bank, credit union or store that you could get a few rolls from and search through. This is the CHEAPEST way to start your collection and find a variety of dates and grades because it only costs you one cent per coin and you can return the ones you do not need. Even if you do buy a starter set off of ebay I would suggest going through rolls to upgrade your coins and fill in any holes as well.

But the big thing to do is frequent your coin store and get to know the owners because most of the time they will help you get started on your set, set things aside and maybe give you discounts. My local store also has a half off area that always seems to have a cent collection in it. In fact, three weeks ago they had two different Dansco albums with most of the memorial cents and some common wheat's as well for $25 and $30, the albums themselves are that much so it is like getting the coins for free. Also, now that you have your 50+ posts you can put requests in the want to buy forum and buy from others that have items posted.
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