Options
Incredible bank heist question
rmuniak
Posts: 267 ✭✭✭
So I have just about gone throught all my 4800 nickels from the heist and watching a youtube about uncirc. sixties Lincolns being so valuable in the 65 grade and up range. So I look at my rolls of pennies from the heist (35 1960-1975). I discover that most of them have this printed on them (see picture). I being a novice did not know BU means brilliant uncirculated. Now I am a little excited about going through my batch of pennies, my next step after nickels. My questions.
1. What kind of grade can a BU be?
2.Can I or should I not dip the coin, I did on the one upper left.
3. At what point do they have a premium if at all especially in complete rolls 
A world without coins "Chaos"
0
Comments
Do not dip copper coins - you will ruin them for purposes of grading and value.
“BU” does not correspond with a particular numerical grade, though it’s usually associated with lower mint state grades.
I’m generalizing here, but the large majority of the Lincoln Cent dates you mentioned would have to grade higher than MS66RD in order to merit the cost of grading.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Any premium for a complete roll would likely be minimal.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Don't dip 'em too long. It erases the printing.
The pardon is for tyrants. They like to declare pardons on holidays, such as the birthday of the dictator, or Christ, or the Revolution. Dictators should be encouraged to keep it up. And we should be encouraged to remember that the promiscuous dispensation of clemency is not a sign of political liberality. It is instead one of those valuable, identifying marks of tyranny.
Charles Krauthammer
Any premium for a complete roll would very very very likely be minimal.
I used to see rolls like this sell for a dollar or so each. Not sure what they would bring today. It won't be easy to find anything that's worth the cost of grading.
The BU can refer to any MS grade. Just that they are uncirculated.
Do not dip, period.
Value is probably about $5 an unopened roll. But, yours appear to have a coin shop stamp on them which means the original roll was opened, searched, good ones taken out, and then re-rolled by the coin shop owner.
Original unopened bank rolls of 1969-s cents will sell for $35-45 dollars.
bob
PS: There is a variety from SF in 1969 that is worth 10's of thousands, please do look for them.
from coinfacts:
@AUandAG Exactly to whom could they be sold for $35-$45?
Inquiring minds want to know!
Do a completed sales check on ebay and you find many rolls of original bank wrapped 69-s cents in that price range.
bob
https://www.ebay.com/itm/1969-S-OBW-ORIGINAL-BANK-WRAPPED-ROLL-BU-UNCIRCULATED-LINCOLN-CENT-PENNIES/163641745859?hash=item2619cee1c3:g:6-cAAOSwOgdYnJ~I
@AUandAG eBay Asking prices aren't the reality of things. I want names and addresses of sound live buyers.
That link is for a sold sale at $40.67 with 13 bidders and there are dozens of others.
bob
Stop the fighting guys. Can we all get along.. lol...Seriously I also have quite a few nickels in fed reserve rolls unopened. Can I dip nickels. The one I opened was beautifully toned. All from 59 -72
A world without coins "Chaos"
Why do you insist on dipping coins? Absolutely throw that dip away. It does no good to dip coins except to LOWER the value if not done properly and I doubt you have that expertise. I know I don't and have been collecting 50 plus years. Just don't do it.
bob
Your the first guy to say that. Someone said a good coin dealer as a courtesy would dip the coin for the purchaser.
A world without coins "Chaos"
I had a dealer say that to me in 1959. That was the last time I heard "would you like me to clean that for you"?
PCGS and NGC have restoration services to help preserve coins that have contaminates or haze on them. NOT for cleaning or removing toning. If you need it done have them do it and pay for their expertise.
bob
Dipping coins, or any type of conservation, is not for beginners. I experimented with coins for a couple of years, back in the early 2000's....made a lot of mistakes, learned a lot... but I did it all on coins with no numismatic value - and specifically to learn the effects of various processes... including AT....My recommendation for all new collectors is to refrain from any cleaning/dipping processes except for an acetone soak to remove organic deposits. Cheers, RickO
This is the worst bank heist in history.
Obviously you did not see the other posts of my "Bank Heist". They included 2000 war nickels 400 buffalo nickels, 240 Kennedy 40%, 31 rolls of wheat pennies from 09 on up, 7 rolls of unc 1943 pennies and, 5 90% halves,among many older nickels and pennies before 1972. Still the worst bank heist in history?...
A world without coins "Chaos"