1970 Lincoln penny, no mint mark, floating roof error, any other errors?

Dgirono3

Hello, Im not a seasoned coin collector, not sure exactly what im looking for 😂but I believe here I have a floating roof error, wondering is this a double die as well? Any suggestions on tell tale signs of errors or what to look for are greatly appreciated! Ty in advance!

(https://us.vcdn.net/6027503/uploads/editor/ti/sh7b81njvzi9.jpeg "")

MarkW63

Okay, I'll start with the No Mint aspect.
Were talking about Lincoln Cents,
There is only one year that the Philadelphia Mint included their mint mark and that was in 2017-P they did that to celebrate 225th anniversary of U.S coinage.
That means that any other year Lincoln cent with no mint mart isn't an error!
Now someone else can tackle the floating roof issue.
If you search for Lincoln's on ebay PLEASE ignore the Very Rare No Mint Mark, its a scam!
In fact the United States coin price guides omit the "P" mint mark, except 2017.

Coinscratch

Hopefully they're not worth anything because I've thrown dozens back of the floating roofs.

MarkW63

@Dgirono3
I'll drop another little note in here.
From 1965 through 1967 (EDITED) none of the US mints included their mint mark!
At the time there was a shortage of pennies, all though plenty was minted. The director of the mint during that time just happened to a woman. So, she concluded that what was causing the penny shortage was coin collectors!
So, she ordered all the US mints to omit their mark's. Her thinking was that this would keep collectors from pulling three coins out of circulation for each year, they would only pull one.
What she missed in her thinking was, is it wasn't collectors that caused the shortage, is was copper penny hoarders.

airplanenut

@MarkW63 said:
@Dgirono3
I'll drop another little note in here.
From 1965 through 1968 none of the US mints included their mint mark!
At the time there was a shortage of pennies, all though plenty was minted. The director of the mint during that time just happened to a woman. So, she concluded that what was causing the penny shortage was coin collectors!
So, she ordered all the US mints to omit their mark's. Her thinking was that this would keep collectors from pulling three coins out of circulation for each year, they would only pull one.
What she missed in her thinking was, is it wasn't collectors that caused the shortage, is was copper penny hoarders.

A smarter director would have made the cents bigger and out of nickel and given them a value of 5 cents

giorgio11

The mintmarks were omitted in 1965-67 and returned to 1968-dated cents from Denver and San Francisco.

The coin shortage was due to a lot of things. It was the introduction of the Teletype dealer-to-dealer trading system in 1963 that increased demand for BU rolls. It was more parking meters and vending machines holding more coins longer. It was the increase in pay phones costing a dime, which reached 1 million in the U.S. in the early 1960s. And they had three slots to hold more coins for longer. It was the 1964 introduction of the Kennedy half dollar in 90% silver, which exacerbated a coin shortage already beginning. It was the Feds in March 1964 ceasing the payout of 90% Morgan and Peace dollars at face value from banks. It was collectors hoarding BU rolls (not just copper cents), most especially the 1950-D nickels and 1960 Philadelphia Small Date/Large Date cents.

MarkKelley

I can't understand why so many people are taken in by the no mint mark hype. The most rudimentary research will tell you that these are normal coins and minted literally by the billions.

MarkW63

@giorgio11 said:
The mintmarks were omitted in 1965-67 and returned to 1968-dated cents from Denver and San Francisco.

The coin shortage was due to a lot of things. It was the introduction of the Teletype dealer-to-dealer trading system in 1963 that increased demand for BU rolls. It was the increase in pay phones costing a dime, which reached 1 million in the U.S. in the early 1960s. And they had three slots to hold more coins for longer. It was the 1964 introduction of the Kennedy half dollar in 90% silver, which exacerbated a coin shortage already beginning. It was the Feds in March 1964 ceasing the payout of 90% Morgan and Peace dollars at face value from banks. It was collectors hoarding BU rolls (not just copper cents), most especially the 1950-D nickels and 1960 Philadelphia Small Date/Large Date cents.

Thank you, I went one year to far, my bad!

291fifth

Buy a "Guide Book of United States Coins" (the Red Book) and read it from cover to cover.

So far as the "floating roof" die polishing varieties go ... if you ever find a cash buyer take the money and run!

MarkW63

This isn't the same article I read about omitting the mint mark during those years, the other one even gave the name of the woman mint director.
This still blames coin collectors, but its interesting to research this stuff.
I might should check the date on the article it may be April First
https://coins.thefuntimesguide.com/mint_marks/

LanceNewmanOCC

it looks like a floating roof from your pics. not an uncommon occurrence from the 60s/70s, especially D mint lincoln cents.

the more desirable will be the ones with the FG intitals also FULLY removed and there is an official FS listing for the one with missing desiginer initials.

there may be years where a feature is more scarce than other years but i don't know that intricate information.

can't help with the DD issue. pics aren't sharp enough. there are a few sites with comprehensive listings for virtually all DD/TD etc for coinage from cents through half dollars starting from 1909 to-date.

giorgio11

@MarkW63 said:

@giorgio11 said:
The mintmarks were omitted in 1965-67 and returned to 1968-dated cents from Denver and San Francisco.

The coin shortage was due to a lot of things. It was the introduction of the Teletype dealer-to-dealer trading system in 1963 that increased demand for BU rolls. It was the increase in pay phones costing a dime, which reached 1 million in the U.S. in the early 1960s. And they had three slots to hold more coins for longer. It was the 1964 introduction of the Kennedy half dollar in 90% silver, which exacerbated a coin shortage already beginning. It was the Feds in March 1964 ceasing the payout of 90% Morgan and Peace dollars at face value from banks. It was collectors hoarding BU rolls (not just copper cents), most especially the 1950-D nickels and 1960 Philadelphia Small Date/Large Date cents.

Thank you, I went one year to far, my bad!

You also omitted a ton of other relevant information, likely much more relevant than that the Mint director "happened to a woman."

@MarkW63 said:
This isn't the same article I read about omitting the mint mark during those years, the other one even gave the name of the woman mint director.
This still blames coin collectors, but its interesting to research this stuff.
I might should check the date on the article it may be April First
https://coins.thefuntimesguide.com/mint_marks/

The Mint director from 1961 to 1969 was Eva Adams.

Dgirono3

@MarkW63 idk what your talking About but April first is my birthday & that’s no joke 🤗

ricko

@Dgirono3.... Welcome aboard. Looks as if it could be a floating roof... not much numismatic interest, but good to put in an album. I see no doubled die.... Pictures are not great though....check the CPG or Variety Vista for that date...Cheers, RickO

jmlanzaf

@MarkKelley said:
I can't understand why so many people are taken in by the no mint mark hype. The most rudimentary research will tell you that these are normal coins and minted literally by the billions.

I'm guessing it is people on the West Coast who don't see as many Philadelphia coins in circulation.