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 Replies: 11 / Views: 2,345 |
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Valued Member
United States
151 Posts |
I'm new to this whole business of serching for RPMs or DDs etc. I bought a Cherrypicker's guide and I've got a better magnifier coming in the mail. My question is what do you search? I'm sure it's a matter of preference but are you more likely to find interesting or valuable errors searching Wheat cents or LMC or Buffalo nickels or Jeffersons ...? Maybe that should be a two part question. Where are you more likely to find variaties and where are the varieties more likely to be worth much? Thanks, Phil |
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Bedrock of the Community
United States
62064 Posts |
I learn what types of doubling on varieties there are. The RPMs, doubled dies and over dates. I check each coin I come in contact for any of these varieties that may or not be there regardless of weather there is a variety known for that year/mint mark. This way I can find a new discovery or a known one by thinking outside the box while searching.
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Moderator
 United States
15395 Posts |
My 2 cents worth ...... Quote:
Where are you more likely to find variaties and where are the varieties more likely to be worth much?
If you are in the hunt for potential profit ...... and you expect to obtain your coins from current bank rolls at face value ...... then roll searching cents for varieties is the way to go ....... Of course ..... this assumes you are searching through current available stuff from local banks ..... if somehow you have access to original bank rolls from 1916 then this is bad advise.  Anyways ...... there are plenty of recognized, and in some cases valuable, varieties in the Lincoln Cent series that can still be found today at face value with enough knowledge and patience. I recall a recent story in Coin World magazine whereby some fortunate collector found a 1969-S DDO LMC ...... a coin recently auctioned for $165,000! Anyways ...... cents are not for me ..... I don't have the patience to look for the various varieties ..... but if you do .... then best wishes with the hunt. I'll put in a plug for the humble nickel ...... a wonderful search for variety ...... but not much profit potential.  David Take a look at my other hobby ... http://www.jk-dk.art |
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Pillar of the Community
United States
4212 Posts |
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Pillar of the Community
Canada
1161 Posts |
Search what you can afford as your initial investment. If you have a low budget for a initial investment (such as I did). Start with a box of pennies/cents). A $25.00 initial investment is easy to come buy. Nickles, dimes, quarters and higher denominations have a much higher initial investment. I would love to search boxes of quarters. Until that day I will stay with cents. I try to do a box of nickels or dimes once a month. I buy it on pay day Friday and return it Monday morning.
Bottom line. Work within your budget. Learn everything you can as you go. Ask questions and present pictures with your questions. Enjoy the hobby and you will enjoy yourself.
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Valued Member
 United States
151 Posts |
I do like nickels. At least with the naked eye, I find sorting them much easier than copper. I actually have a bunch (five or six thousand) of NIckels from the 40s and 50s and a bunch of War Nickels. I was planning to search those first. I've gone through them for date and mintmark but if you couldn't see it at a glance, I didn't see it. I wasn't sure where to go after I've gone through my own coins though. What about buying bags of wheat cents or buffaloes, searching them and reselling them? Obviously you'd have to be good/lucky with the buying and selling price. If you assume that you could buy and sell lots without any loss (or gain), would there be any advantage over circulating coins? |
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Pillar of the Community
United States
4036 Posts |
My thing is Lincoln Wheat BU Rolls. I have had good luck finding RPMs, DDO / DDRs, BIEs, minor errors, and GEMs looking through them. Cent rolls are highly disrespected by most dealers, who would just like to get rid of them, so you don't usually have to pay more than bid for them. A nice thing about BU rolls is that if there is a variety in there, there are usually several copies that you can choose from. Pick the best one to keep, sell the rest on ebay and recoup the cost of the roll. Pick any gems out and then spend the rest or sell them. With reasonable luck the process is self-funding. Now you know what I've been doing for the last 20 years... Contact me for photographic equipment or visit my home page at: http://macrocoins.com |
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Pillar of the Community
United States
3507 Posts |
Everything is fair game...although, people that read my column know that my least favorite coins to search are dimes:-)
That's just because they are too small and I end up dropping them:-)
Have Fun,
Bill
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Valued Member
United States
432 Posts |
The only rolls I ever get from the bank in bulk is half dollars. I saved up enough over a few months to get $1000 worth. I go through and pick out the silver and return the rest the next day. Then I get another box a few weeks later. I dont have alot of patience to search for varieties. I have 300 plus rolls of wheat cents, all mintmarked, I have been trying to go through for a year and a half. I bought them off of ebay, Only have went through about 20 rolls so far. |
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New Member
China
2 Posts |
i like those coins, and I have collected many kinds of them . I think they worth so much , can't equal with money.
Link removed by moderator see rules
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Valued Member
United States
67 Posts |
My favorite coins to search is the brand new Lincolns. I buy Brinks rolls from ebay (at about double face value, even with shipping) and search them. We only get Denver coins around here and I find that the P-mint coins are much richer when it comes to finding Doubled Dies. I have actually been given credit for 4 new doubled dies for the 2009 Professional Life variety. I like this coin because I know it like the back of my hand after searching literally thousands of them. Bouncing from year to year is hard for me because I have to train my eye for so many different types of DD's, and finding virgin rolls of 1969-S Lincolns is all but impossible. I also try to go through my pocket change. My big find is a 2005-P DDO Minnesota quarter with the floating tree that was such a hit a couple of years ago. I have no idea what it is worth but it isn't going anywhere. |
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Valued Member
United States
67 Posts |
David, I used to search rolls of Half Dollars quite a few years ago and would find quite a few pre-71's which contain silver. I tried to get some halves here locally and had a very hard time finding any. I gave up trying. the mint no longer supplies halves to banks and they are either socked away around here or banks simply don't bother with them.
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Replies: 11 / Views: 2,345 |
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Posted 07/20/2010 7:57 pm
