Author |
Replies: 31 / Views: 2,564 |
Valued Member
United States
131 Posts |
What is the best way to put together a somewhat high quality set of Lincoln Cents 1959 to date? I've seen some sets on ebay but I'm sure they are not the best...pitting, smudges etc. I've seen some sites online but they want like $3.50 a coin for BU if I wanted to piece them one by one. Years ago companies used to list MS65 ect but I think when the companies started grading for slabs that all went away and now they just list as Choice BU or BU unless it's slabbed. So what are some reliable sources especially for the more recent issued denominations?
|
|
Pillar of the Community
United States
1391 Posts |
Go to your local coin dealer, search their mint sets for nice cents. Buy the sets and sell off the coins you don't want. Take your time, buy quality, and have fun.
|
Bedrock of the Community
United States
17528 Posts |
While perusing uncirculated mint sets (a good idea), consider searching cent rolls. You should come cross some nice examples now and then--especially in the most recent years. Persistence is key--look through many, many, many rolls. Don't give up after examining a couple rolls. I did this over the years and built a couple nice Dansco albums that way.
Edited by ijn1944 03/15/2025 07:24 am
|
Pillar of the Community
United States
2158 Posts |
Quote: Go to your local coin dealer, search their mint sets for nice cents. Buy the sets and sell off the coins you don't want. Take your time, buy quality, and have fun. Gems abound in mint sets. Most dates have 5 to 10% of the cents as Gem though it does vary a lot. Many dealers keep books full of cents and they usually try to put nice ones in for a dollar or two. BU rolls can be very inexpensive but there's a tendency for most to have no Gems and some to have lots of them.
Time don't fly, it bounds and leaps.
|
Moderator
 United States
72196 Posts |
 to CCF. Go to your local coin store first, then possibly ebay.
|
Bedrock of the Community
United States
59749 Posts |
 To CCF! You can go to your local coin dealer, go on ebay, or search bank rolls.
Errers and Varietys.
|
Bedrock of the Community
 United States
13696 Posts |
 to the CCF
Take a look at my other hobby ... http://www.jk-dk.artToo many hobbies .... too much work .... not enough time.
|
Pillar of the Community
United States
2158 Posts |
I wouldn't necessarily suggest you buy slabbed coins in very high grade because they can be very pricey however people send in some very nice coins for grading and they come back in too low a grade . These are often dumped in the market for whatever they'll bring and some are extremely nice. The services sometimes undergrade and their standards might be different than you own. Wholesale on these in only $3 per coin but figure you'll have to pay 5 or $10. They're hard to find and some of the coins are dogs.
Out of the money slabs can sometimes be a good deal too. A $20 coin in a $20 slab is a bargain especially if it's undergraded.
Try to not pay much especially at first. A $20 1987-D is probably not worth the money because this date comes so nice it doesn't require much effort to find a spectacular Gem for the price of a mint set or roll. With experience you'll be able to spot good prices. Nice '68, '71-S, '79, and '84 cents are more worth paying up for since they are harder to find.
Time don't fly, it bounds and leaps.
|
Pillar of the Community
United States
2158 Posts |
It should be easy to stay under one or two dollars per coin on most dates. But, generally speaking you can't just order a Memorial cent and expect a Gem. Most will be dogs even at a few dollars apiece so you have to find your own. This is one of the few sellers who offer higher grade coins; https://davescollectiblecoins.com/p...rial/page/8/Of course they'll cost more because he's already done the work of finding them.
Time don't fly, it bounds and leaps.
|
Pillar of the Community
United States
2158 Posts |
And one more, probably last, little piece of advice: Ignore the RedBook prices for Gem cents and all moderns. Where old coins are priced ridiculously high moderns are priced ridiculously low. You can't buy a 1984 cent in nice attractive Gem condition for 30c. Indeed, it is virtually unavailable at any price since the slabbed high grade 1984 cents are almost all covered in bubbles and blisters. Across the board nice well struck and mark free examples are available but only if you go out and find your own. Some are quite tough but they are all out there. People see these prices in the various catalogs and mistakenly believe the coins must be common and readily available but some are not available at all and even PCGS lists them at low prices. Nice well made moderns can be very very tough and the catalogs often don't even reflect the difficulty of finding BU rolls. On one cent coins look for complete steps on the reverse. Some won't be readily available in Gem with FS but they all exist. For just a dollar or two apiece you might want to first flesh out a collection and then upgrade later.
Time don't fly, it bounds and leaps.
|
Bedrock of the Community
United States
19676 Posts |
A "complete" set from ebay is a good start but most of the coins will be MS-65 and below. You'll spend many years upgrading but at least you'd have a starting point.
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
|
Pillar of the Community
United States
5797 Posts |
You can buy single cents that are clipped out of mint sets still in the cello and sold singularly on ebay. 
|
Pillar of the Community
United States
2158 Posts |
Quote:You can buy single cents that are clipped out of mint sets still in the cello and sold singularly on ebay. This is a great way to buy them cheaply! But bear in mind some sellers are going to keep most or all the Gems and some dates are usually tarnished. All three of the cents pictured here need a soak in alcohol and experience tells me both the Philly and San Fran can't be saved. The black spots will not be removed. The Denver should be fine and appears gemmy. Often these are so cheap you can just spend the coins that are no good and come out ahead. Only several dates are usually tarnished and more than 60% of the tarnished coins can be saved with acetone or alcohol.
Time don't fly, it bounds and leaps.
|
Bedrock of the Community
United States
19676 Posts |
Quote:You can buy single cents that are clipped out of mint sets still in the cello and sold singularly on ebay. And, like the example coins, you'll usually end up with junk. Most of these sellers have hundreds and just grab one out of pile and ship it. I consider such piles as rejected junk. I've known many dealers that cut up sets and sorted them. One even cut stuff open and put them in his register till.
|
Bedrock of the Community
United States
19676 Posts |
Quote: Only several dates are usually tarnished and more than 60% of the tarnished coins can be saved with acetone or alcohol. I've had nowhere near that kind of success rate. My personal (successful) conservation rate for mint set coins of any denomination is probably <5%. Of course, that's mostly Lincoln cents, but I've dabbled in all the others during my development of VERDI-CARE™.
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
|
Bedrock of the Community
United States
19676 Posts |
Back to the OP's question: It's like the old joke - what's the best way to get to Carnegie Hall.? PRACTICE It takes a bomb-load of searching and hard work to find HQ Memorial cents. You generally cannot go to shows/dealers and ask to see memorial cents. They're not like wheat and Indian cents. Most don't pull out a binder or boxes of individually-priced, HQ coins for you to look through. They usually send you to the bargain bin, mint sets or they might have some rolls or slabs if you're lucky. If you're going for the HQ/PQ stuff, you really have to buy OBW rolls, crack them and look for gems. All the best coins I have (and others I know that do this too) came from OBW rolls.....some from mint sets as well. That said, it can get pretty expensive buying and cracking rolls - it's also extremely time consuming and you have to be pretty good at grading. I also found a lot of nice stuff in regular old bank boxes and bags. I had a bank that was selling me 5000 ct bags from their lobby change machine. That was mostly folks home stashes in drawers and jars - pulled some amazing coins from that! My next best source is people I meet through internet coin forums just like you! I've made many friends over the decades and that can lead to getting upgrades you purchase or get as gifts or trades.
Edited by BadThad 03/16/2025 6:25 pm
|
|
Replies: 31 / Views: 2,564 |