A GREAT STORY INVOLVING 1970(s) LINCOLNS!
wondercoin
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I posted this on a thread on the other board, but thought you might enjoy it here as well 
"Funny you should mention 1970(s) SMALL DATE Lincolns! Last night, I was with Bob Hughes from Spectrum and he was asking me about prices on modern coins (while I was picking his brain on pattern coins). 1970(s) Lincolns came up and he told me an amazing story. In 1970-1971, Bob was partners with Steve Deeds (who now runs Superior Auctions) and they heard that the Mint had struck some "special" small date Lincolns. According to Bob, they spent many months buying up every 1970(s) Lincoln bag of cents they could find and poured through them to pull out all the Small Dates they could find. In the end, Bob recalls cherry-picking around (8) to (10) bags of 1970(s) small dates (5000 coins per bag). 40,000 -50,000 Small Date cents, which they then sold for the amazing price of around $100/roll, paying no attention to quality of the pieces!!! I was mentioning to Bob last night that a hoard like those 50,000 small date Lincolns coins today might likely be worth MILLIONS OF DOLLARS!! Which brings up another question- WHAT EVER HAPPENED TO THESE BAGS? Bob was on the phone to Steve Deeds last night trying to find out!!"
Wondercoin
"Funny you should mention 1970(s) SMALL DATE Lincolns! Last night, I was with Bob Hughes from Spectrum and he was asking me about prices on modern coins (while I was picking his brain on pattern coins). 1970(s) Lincolns came up and he told me an amazing story. In 1970-1971, Bob was partners with Steve Deeds (who now runs Superior Auctions) and they heard that the Mint had struck some "special" small date Lincolns. According to Bob, they spent many months buying up every 1970(s) Lincoln bag of cents they could find and poured through them to pull out all the Small Dates they could find. In the end, Bob recalls cherry-picking around (8) to (10) bags of 1970(s) small dates (5000 coins per bag). 40,000 -50,000 Small Date cents, which they then sold for the amazing price of around $100/roll, paying no attention to quality of the pieces!!! I was mentioning to Bob last night that a hoard like those 50,000 small date Lincolns coins today might likely be worth MILLIONS OF DOLLARS!! Which brings up another question- WHAT EVER HAPPENED TO THESE BAGS? Bob was on the phone to Steve Deeds last night trying to find out!!"
Wondercoin
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Comments
That's a neat story. Thanks for sharing. I know many of us have sold coins in the past that would be worth lots more now. Every time I see something like that, I have to say to myself, "No one ever went broke taking a profit."
David