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Red Lincolns

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lincolncollector's Avatar
United States
373 Posts
 Posted 12/11/2010  5:32 pm Show Profile   Bookmark this topic Add lincolncollector to your friends list Get a Link to this Message Number of Subscribers
Is it worth it to collect red Lincolns, no matter what the year, since red coins seem to always be worth more than red/brown or brown?

I am supposing that collecting red BU rolls of modern Lincolns could even be worth it, as long as you only pay 50 cents for a roll.

When banks give you uncirculated rolls of Lincolns (which are normally red), don't they know they are giving away more money than they are receiving?



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 Posted 12/11/2010  7:35 pm  Show Profile   Bookmark this reply Add coppertop5150 to your friends list Get a Link to this Reply
seems to be a BIG issue for pre 70'cents in higher MS conditions affecting the value dramatically doubling and tripling it.

BTW not all bank rolled cents will stay red.

Saw on a forum awhile back a guy ordered a " bank roll 1960 "
looked on the outside and they were brown as could be, figured it was normal
busted it open all the coins were toned some worse then others and some kinda corroded looking.
None he considered RED but maybe a few brown/reds

Storage is a big issue so is the paper they come in.
Some of the replies were the coins appeared to have been stored in a basement ,Out side in a shed,or a humid closet by a bathroom that stayed moist.
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eaglefoot's Avatar
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6326 Posts
 Posted 12/11/2010  7:46 pm  Show Profile   Bookmark this reply Add eaglefoot to your friends list Get a Link to this Reply


Yeah, everybody wants their Wheaties (pre-'58) to be Red when and where they can afford it. Brown is sought maybe to keep uniformity in color.....but ideally, everyone seems to want the Reds.
Early LMC'c would fall in this area too, but all of the Modern Cents should be really cheap to have in Red, because their scarcity is a non-factor. Everybody and their Cousin can get Modern Lincolns in Red, and wouldn't pay a premium for this IMO.
Edited by eaglefoot
12/11/2010 7:46 pm
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 Posted 12/11/2010  7:46 pm  Show Profile   Bookmark this reply Add coppertop5150 to your friends list Get a Link to this Reply
someone posted that taking the coins out of the paper, rolling them in a 100% white cloth ,then air tight sealing would solve the problem

Use white napkin 100% cotton roll/wrap the coins inside it , fold ends tie with string ,Then place the cloth with coins inside it inside a " plastic bag food sealer vacum " seal the back off air tight and good to go.

He stated that if you seal the coins in the roll the paper still puts off chemicals that will tone the coins and plastic direct on the coins will cuase toning. So cloth then plastic .

But I dont know if this person has opened one up from 20years ago to see if it worked
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lincolncollector's Avatar
United States
373 Posts
 Posted 12/11/2010  8:00 pm  Show Profile   Bookmark this reply Add lincolncollector to your friends list Get a Link to this Reply
I just got about 14 BU rolls of 2010 Lincolns today from the bank. I am assuming they are BU since every roll has a shiny 2010 at each end of the roll.
I don't want to open the rolls and then maybe ruin their condition. Maybe in 5 years, BU rolls of 2010 will be worth a nice penny.
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 Posted 12/11/2010  8:05 pm  Show Profile   Bookmark this reply Add coppertop5150 to your friends list Get a Link to this Reply
lincolncollector,

Not all the bank rolled 2010 have all 2010 cents in them.
People have already reported busting open 2009,2010 bank rolls and finding other dates inside.
The only way to garantee they are all 2010 is to open and reseal in another roll or purchase a U.S mint roll.

When a bank gets say 250,000 pennies delivered from the mint ,no bank roll only that batch , they just roll what ever they have to roll
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lincolncollector's Avatar
United States
373 Posts
 Posted 12/11/2010  8:13 pm  Show Profile   Bookmark this reply Add lincolncollector to your friends list Get a Link to this Reply
OK, I guess I will open up the rolls carefully. Thanks for the help all.


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Maineman750's Avatar
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3592 Posts
 Posted 12/12/2010  06:08 am  Show Profile   Bookmark this reply Add Maineman750 to your friends list Get a Link to this Reply
I have rolls I saved since the 70's and they are still red as can be.And they were not stored with great care ( I was a teenager). I believe one our experts on here made an interesting comment in that saving red zincolns might be a pretty good idea in that they are not holding up well at all in circulation.
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coppercoins's Avatar
United States
7629 Posts
 Posted 12/12/2010  08:35 am  Show Profile   Bookmark this reply Add coppercoins to your friends list Get a Link to this Reply
1. Bank wrapped rolls with the same date in red BU at each end are assumed to have the same thing throughout as long as they remain bank rolls.

2. ANY bank wrapped BU roll is worth well over face value. I will pay $1.20 per roll delivered for 2010 cents from either mint. I will pay $1.90 per roll for the fourth design 2009 Lincoln Cent - delivered any time. You deliver, I send a check.

3. NO BU bank wrapped roll is guaranteed to be all one date. and ANY roll could have other dates inside. This is definitely NOT unique to 2009 or 2010.

4. All these foil, cloth, oil methods of keeping red coins red are just as likely to turn your coins brown as leaving them in the wrappers they came in and storing them in a cool, dry place. The difference is the amount of time spent to achieve the same goal.

5. There is no guarantee that any current date coin will be worth a lot more in the future. Enjoy what you have for what you've got now, and don't worry about the value of a common coin in ten years. Likely that the cost of the space to store the rolls will outweigh the value of the coins anyway.

6. The value of high grade cents is vastly affected by whether the coin is in a holder and how many coins of that grade have been released by the holder company before. If your coins are in flips, rolls, or tubes, you can completely forget the high grade values, because nobody would pay near that for them. Remember that the high grade coins are in $30 holders.

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lincolncentguy's Avatar
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809 Posts
 Posted 12/12/2010  11:00 am  Show Profile   Bookmark this reply Add lincolncentguy to your friends list Get a Link to this Reply
I found a very old paper wrapped roll of lincoln cents...when I opened it they were all 1964-D BU red awesome! but......because of being in this paper wrapper since 1964 the edges were all dull! front and back perfect,but all the edges were dulled from contact with the paper.
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BadThad's Avatar
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19931 Posts
 Posted 12/12/2010  4:32 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply

Quote:
4. All these foil, cloth, oil methods of keeping red coins red are just as likely to turn your coins brown as leaving them in the wrappers they came in and storing them in a cool, dry place. The difference is the amount of time spent to achieve the same goal.



Indeed....there's no substitute for common sense. BU rolls are easy to store as long as you use your brain.

I've found some plastic coin tubes will accomodate sealed OBW rolls. I put them in those, tightly seal it lid with black tape and put the tubes into a heavy ziplock bag with a fresh, red cent and a desiccant pack. Than those bags go into tupperware containers. They should easily stay pristine for decades.
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BadThad's Avatar
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19931 Posts
 Posted 12/12/2010  4:33 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply

Quote:
I found a very old paper wrapped roll of lincoln cents...when I opened it they were all 1964-D BU red awesome! but......because of being in this paper wrapper since 1964 the edges were all dull! front and back perfect,but all the edges were dulled from contact with the paper.


That has to do more with improper storage than with the paper. Properly protected from the environment, this would not happen IMO. It takes air and moisture to get the activation moving.
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Maineman750's Avatar
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3592 Posts
 Posted 12/12/2010  7:23 pm  Show Profile   Bookmark this reply Add Maineman750 to your friends list Get a Link to this Reply
I'll bet vacuum packing would work well too.....I do it with my polished brass cartridge cases and they stay like new...never loose any luster.
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lincolncollector's Avatar
United States
373 Posts
 Posted 12/13/2010  12:17 am  Show Profile   Bookmark this reply Add lincolncollector to your friends list Get a Link to this Reply
I opened a few of the bank rolls and they were all red 2010 - but too many black spots make them not so nice.
I plan on going to the bank or supermarket and ask for older rolled coins. I think I enjoy finding 1970's and 1960's
more than black spotted 2010's.
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lincolncollector's Avatar
United States
373 Posts
 Posted 12/13/2010  12:20 am  Show Profile   Bookmark this reply Add lincolncollector to your friends list Get a Link to this Reply
Actually, they were all 2010-D.
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 Posted 12/13/2010  09:55 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:
5. There is no guarantee that any current date coin will be worth a lot more in the future. Enjoy what you have for what you've got now, and don't worry about the value of a common coin in ten years. Likely that the cost of the space to store the rolls will outweigh the value of the coins anyway.

Unfortuately this is way to true. The problem is you have to get old to realize that. Then you spend time wondering who will be the one that appreciates your attempts to keep old coins looking new.
Ever wonder which relative will just take all those rolls of coins and dump them into a banks counting machine?
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