Early Date RD Lincoln Memorial Cent Rolls
Elcontador
Posts: 7,558 ✭✭✭✭✭
Many years ago, when I had all of my hair, and it was a dark blonde, I bought 1959 - 1964 P & D rolls of RD cents. The nice rolls are the 59 P & D, 60 D, 63 P & D, and 1964 P. Did a search on Coin Facts and to be worth anything they must each grade at least MS 66+, except MS 66 for the 63 P.
Just went through the 60 D roll (don't ask if small or large date, looking for that gives me a headache), and I'd say at least 30 of them are MS 66 or better. Am thinking of taking them to Long Beach and having someone send them in for bulk grading. Whomever does this will tell me what he will paid for said coin at specific grades. I'll screen them first to save him time.
I did this a few years ago for a roll of RD 56 D Lincolns, and it worked out well.
Any thoughts? I know someone at one of the auction houses who will assist if this is worth doing.
"Seu cabra da peste,
"Sou Mangueira......."
Comments
If you can get a few at 66+ and get lucky with a 67 or two, definitely worth it. Cheers, RickO
Currently on ebay their are 9 1963 MS66RD Lincolns and all are asking from $29 to $41 for them, so definitely the plus would be mandatory and none of them have been sold recently on ebay. MS67 I would feel would be needed to make it positively profitable. MS66+RD I don't think would be profitable for any of the dates you listed, whether the 60's were large or small date. Not my series, but a little research will prove out. Another thing to consider regarding MS67 is that PCGS has only graded 18 and only 22 MS66+ so it would appear to require some close observation to feel safe for RD and grade and I'm sure you would. Best of luck.
Jim
When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln
Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain
As someone who is actively looking for the 60's and 70's memorials in high grade I can tell you that you will need at least 66+ or better. You will lose, or perhaps almost break even on a 66, if you can get any 67's and the coins are nice without lots of spots you will do well on those.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
True. Problem is that those spots can't be removed. Many a decent looking coin has been ruined by them.
Pete
Thanks, guys. The roll I saw, the 60 D, the nice coins had no spots. Will contact the person who helped me with the 56 Ds. He sent them in for bulk grading, and beforehand, told me what he would pay for each coin in each grade, so there was no downside risk. I'll see if he'll do it again. I saw an NGC MS 67 59 P and it didn't look as nice as my coins. We'll see.
"Seu cabra da peste,
"Sou Mangueira......."
Finding nice coins without spots is a real headache.
Unfortunately the demand is so minimal that even the scarcest dates aren't even noticed. Demand is mostly limited to registry set collecting and these guys typically want nicer coins than you're going to find. Then there's a problem that even if you find one they are difficult to slab.
Sure you might find a nice roll with lots of 67's but the odds are extremely poor. The '60-D comes very nice lg or sm date so it must have a good strike and booming luster besides just being clean and having no tarnish. Send in a few and keep your fingers crossed if you think you have a pop top. You never know. There's no real chance you'll have 30 in a single roll. The best rolls I've ever seen are solid MS-65 with a few higher.
Good luck.
I know moderns are your area, so thanks for the input. I got these around 1980. I wish I could contact John Ruiz (he used to be on this forum and graded moderns across the street) to get his input.
Many are nice, but I don't know how they grade them. With the 56 Ds I had, the difference between an MS 66 and MS 67 was a few small tick marks on an otherwise all there lustrous RD coin with no other problems.
"Seu cabra da peste,
"Sou Mangueira......."
I didn't start looking at BU cent rolls until 1959 so have little experience with earlier ones, especially wheat cents. But the '60-D comes very nice (sometimes) and the '56-D might not. '60-D's are sometimes virtually free of marking and are often well struck and highly lustrous. The bar is probably a little higher. Both dates are very common but there's far more demand for the wheat cent.
If they are very clean they might well be worth submission but a "few small ticks" doesn't sound promising. If the bottom step on the Lincoln Memorial is crisp it is a keeper as well but maybe not worth grading. Most dates are before 1983 are elusive with a nice sharp line for the bottom step.
Curiously 20 years ago the '60-D sm dt was the cheapest of all Lincoln rolls and even the current 2003 was worth more. The large date was the second cheapest tied with several other like the '64's.
Thee are some extremely desirable varieties in the 60-D.
Some of these coins I've just been carding up and tossing back in the safety deposit boxes. Most of the roll coins just go into circulation, a few go back in the boxes, and once in a while they go in for grading.
It is not all that much different, the biggest difference is that many of the memorial years simply do not have the flash/luster that was common on the wheat coins. Add to that the issues with spotting and poor strikes all combine to make high grades difficult for the 60's memorial coins.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.