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Replies: 36 / Views: 7,252 |
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Valued Member
United States
373 Posts |
Can someone tell me why LMC's from 1983-1985 are good to save/hoard? Why not '86's? I know they're zinc, not copper. Is it because they are getting older and harder to find now? Also, what kind of '83-'85 Lincolns are worth saving? Any grade? Red or Red/Brown?
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Valued Member
United States
310 Posts |
I was under the impression some people save AU/BU zincolns because they seem to deteriorate quicker. Thus although the mintages are high, finding zincolns in good shape is increasingly hard.
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Valued Member
United States
438 Posts |
Keep an eye out for unspotted coins, whether they are AU or BU. The zinc cents from the 1980's tend to be super spotty. Even BU rolls are often terribly spotted up. ACE Mike
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Bedrock of the Community
United States
19935 Posts |
Not sure who said to only save 83-85, but those are the first full years for zinc cents. In general, they are pretty crappy in 83-84. I venture to say 98% of them are absolute crap with poor strikes, spots galore or other issues that keep them to MS-63 and below. They got a lot better in 1985 and later as the mint improved their processes.
Personally, I save all high grade 80's Zincolns. Particularlly, the 85-D and 86-D as the CDN roll prices are high, $14 and $27, respectively. I've been working on a gem set of Zincolns for a long time now and I'm pretty much there. Every roll has MS-64+ coins in it with most at 65+....quite a difficult task!
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Valued Member
 United States
373 Posts |
One of the CCF members with many many posts mentioned mid-80's cents were good to save, so I was curious why?
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Valued Member
 United States
373 Posts |
On January 2, coppercoins said "I expect that mid-1980s zinc cents to become $10 coins in decent BU within the next 10 years."
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Bedrock of the Community
United States
20753 Posts |
That is really commonly mentioned by collectors all the time. And there are many reasons. 1. Could have a 84 Double Ear and not know it 2. Could have a 83 reverse Double Die and not know it. This could really be possible since very few people really check the reverses of any coins. 3. First years with NO Copper at all in the Cents 4. Many have really poor quality so the few normal ones in MS grades will really grow value wise. Lots of them had gass bublle problems too. Lots had rim problems. So as you find any that are in high MS grades, they are already in slabs.
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Valued Member
 United States
373 Posts |
I've seen the 1988's with bubbles. It looked weird.
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Pillar of the Community
United States
2271 Posts |
There are a few things to remember if you want to save these.
Primarily don't go overboard even if you find some nice gemmy ones because some dates are extremely common in gem and will be for a long time. There are sill over a million 1988 mint sets left and fully 60% of the Denver cents in them are nice solid choice gems (MS-66+) or better. Also be careful to look for specimens with nice pleasing surfaces. Of course you need ones without bubbles and plating issues but many of these like the '84-P often have rough unattractive surfaces. Watch out for really crisp strikes on th '89-D because it usually strips the copper off the sides of the reverse lettering.
Be careful with storage on these. '82 to '84 mint set packaging should probably be discarded and the coins stabilized in acetone. Avoid use of alcohol even for a quick rinse on these.
Pre-'86 dates are tough in both gem and PL in the mint sets but '86 and later the PL's get much more common and gems exponentially more common. Philly's are tougher in gem but can come nicer.
Don't ignore the later dates as some of these will prove tough in rolls and gems get a little tougher in mint sets.
Time don't fly, it bounds and leaps.
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Pillar of the Community
United States
958 Posts |
I think was it 82-84 no mint sets were issued ? Something like that ,cant remember off hand
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Pillar of the Community
United States
2271 Posts |
The '82 and '83 come only in the souvenir mint set from each mint. These appear to be the same packaging as the regular mint sets of the era but don't have the colored stripes.
Time don't fly, it bounds and leaps.
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Valued Member
United States
310 Posts |
I forgot about that...no uncirculated sets in 82 or 83, so that cuts down on good quality coins in those years. Same reason the 83 quarter rolls go for a bit
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Bedrock of the Community
United States
20753 Posts |
Quote: Primarily don't go overboard even if you find some nice gemmy ones because some dates are extremely common in gem and will be for a long time. There are sill over a million 1988 mint sets left and fully 60% of the Denver cents in them are nice solid choice gems (MS-66+) or better. Think you missed the dates in question. 83 to 85. Nothing to do with 88 or later. Quote: I forgot about that...no uncirculated sets in 82 or 83, so that cuts down on good quality coins in those years. Same reason the 83 quarter rolls go for a bit Really good point. I forgot about that one.
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Valued Member
 United States
373 Posts |
So really, it isn't worth my time to search for early zincolns, since there are other coins that deserve more attention.
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Pillar of the Community
United States
3592 Posts |
lincolncollector, you can believe what you want...but....how many of those early zincolns are you finding in really nice condition ? They are pretty scarce in my searches.
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Pillar of the Community
United States
7629 Posts |
Due to natural (and unnatural) attrition - lost coins, deteriorated coins, etc. ALL of the zinc cents from 1982-1988 will eventually start climbing in value. They are all going to eventually be much harder to obtain than the 1990+ zinc cents because that's about when they started getting a real handle on the plating issue and not so many coins will rot away.
My statement was made basically because of the noticeable shortage of better grade coins. With billions produced each year, the millions of mint sets will eventually not be able to handle the demand for better grade coins. It never hurts to save them out of change, but the likelihood of finding nice MS65+ red quality coins out of change has just about gone to nil, unless you find someone who has a closet jar they've been saving since then.
I save ALL red BU cents from 1982-1989 and roll them up for storage. They are stored inside boxes with dessicant in a cool dry place. I currently have about 300 rolls of said dates and am looking to amass 1000 or more rolls. I have been finding them at a rate of about 3 coins out of every 1,000-2,000 searched.
Of course I'm weird and save a lot of things that other people don't. I have nearly 10,000 rolls (about 500,000 coins) worth of Lincoln cents in bags, tubes, rolls, etc. I basically have more than most of the banks in this area (300,000 population) put together.
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Replies: 36 / Views: 7,252 |