FSH: Bulk Unsearched BU Lincoln Memorial Accumulation: Ideal for Pop Top Roll Searchers
wayneherndon
Posts: 2,356 ✭✭✭
We recently bought a small accumulation of 1960s BU cent rolls. All of these were put away by our customer in the 1960s and aside from the possibly the 1960s rolls being searched for small dates, I do not believe they have been searched for high grade coins, varieties, etc.
These dates, while some of the most readily available in original BU quality are also some of the poorest quality coins the Mint has produced in the modern era. Thus, pop tops from these years are small in number and high in price. The combination of inexpensive rolls and high priced pop tops makes them ideal fodder for people seeking rolls to search for pop top slabbing.
The popularity of roll collecting peaked in the 1960s. As a result, large volumns of 1960s coins were saved in roll and bag quantities making these years some of the lowest priced rolls on the greysheet (compare them to prices of 1980s when few modern issues were collected in roll quantities). At the time, the nation was in a coin shortage which the Mint blamed on collectors. Certainly, the change of composition in 1965 to the dime, quarter and half no doubt contributed to the shortage. To try to reduce hoarding by collectors, the Mint did away with mintmarks in 1965 to 1967 among other steps. To address the shortage in these years, the Mint turned up the knob on production. The focus on quantity reduced the quality of the coins in these years. Look at an original BU roll of cents from the early 60s and you'll find gems are virtually non existent. Compare that to a 2006 roll and it is essentially solid gems. As a result of the consistent low quality during these years, the population of high end coins is very low. Just take a look at the PCGS and NGC pop reports for 1960s dates and compare them to more recent years. As a result, the prices of pop tops from this era are quite high. Check the PCGS Price Guide for some examples.
Here's what came in this group:
Lot #1---100 Bankwrapped rolls of 1960 LD Lincolns--note that these rolls are printed with "The Cheltenham Bank National Bank, Cheltenham, PA". These appear to be opened bank wrapped rolls. They are in wrappers of the type that are tubes with one end pre-crimped and the other end has to be crimped after the roll is filled. The open end appears to have been crimped by hand giving them an opened look. I suspect this was the way they were originally packaged by the bank. If they were ever searched it was probably for small dates as that variety was the only thing really worth searching for at the time.
Lot #2---100 Tubed rolls of 1960 LD Lincolns
Lot #3---100 Tubed rolls of 1961 Lincolns
Lot #4---100 Tubed rolls of 1962 Lincolns
Lot #5---100 Tubed rolls of 1963 Lincolns
Lot #6---100 Tubed rolls of 1964 Lincolns
Lot #7---$50 face Mint-sewn bag of 1963 Lincolns SOLD
Lot #8---$50 face Mint-sewn bag of 1964 Lincolns SOLD
Lot #9---Mixed Lot of 61 rolls from 1959 and 1960:
---3 Tubed rolls of 1959 Lincolns
---1 Tubed roll of 1959-D Lincolns
---15 Tubed rolls of 1960 LD Lincolns
---22 Bankwrapped rolls of 1960 LD Lincolns wrapped identically to those described in the lot above
---20 Tubed rolls of 1960-D SD Lincolns
Price is $150 per lot for lots 1 through 6, $175 for lots 7 and 8 and $90 for lot 9. Priority Mail shipping to US addresses is $12 per lot.
Please PM to reserve lots. Payment accepted by PayPal, check, money order, Visa, MasterCard, Discover and American Express.
These dates, while some of the most readily available in original BU quality are also some of the poorest quality coins the Mint has produced in the modern era. Thus, pop tops from these years are small in number and high in price. The combination of inexpensive rolls and high priced pop tops makes them ideal fodder for people seeking rolls to search for pop top slabbing.
The popularity of roll collecting peaked in the 1960s. As a result, large volumns of 1960s coins were saved in roll and bag quantities making these years some of the lowest priced rolls on the greysheet (compare them to prices of 1980s when few modern issues were collected in roll quantities). At the time, the nation was in a coin shortage which the Mint blamed on collectors. Certainly, the change of composition in 1965 to the dime, quarter and half no doubt contributed to the shortage. To try to reduce hoarding by collectors, the Mint did away with mintmarks in 1965 to 1967 among other steps. To address the shortage in these years, the Mint turned up the knob on production. The focus on quantity reduced the quality of the coins in these years. Look at an original BU roll of cents from the early 60s and you'll find gems are virtually non existent. Compare that to a 2006 roll and it is essentially solid gems. As a result of the consistent low quality during these years, the population of high end coins is very low. Just take a look at the PCGS and NGC pop reports for 1960s dates and compare them to more recent years. As a result, the prices of pop tops from this era are quite high. Check the PCGS Price Guide for some examples.
Here's what came in this group:
Lot #1---100 Bankwrapped rolls of 1960 LD Lincolns--note that these rolls are printed with "The Cheltenham Bank National Bank, Cheltenham, PA". These appear to be opened bank wrapped rolls. They are in wrappers of the type that are tubes with one end pre-crimped and the other end has to be crimped after the roll is filled. The open end appears to have been crimped by hand giving them an opened look. I suspect this was the way they were originally packaged by the bank. If they were ever searched it was probably for small dates as that variety was the only thing really worth searching for at the time.
Lot #2---100 Tubed rolls of 1960 LD Lincolns
Lot #3---100 Tubed rolls of 1961 Lincolns
Lot #4---100 Tubed rolls of 1962 Lincolns
Lot #5---100 Tubed rolls of 1963 Lincolns
Lot #6---100 Tubed rolls of 1964 Lincolns
Lot #7---$50 face Mint-sewn bag of 1963 Lincolns SOLD
Lot #8---$50 face Mint-sewn bag of 1964 Lincolns SOLD
Lot #9---Mixed Lot of 61 rolls from 1959 and 1960:
---3 Tubed rolls of 1959 Lincolns
---1 Tubed roll of 1959-D Lincolns
---15 Tubed rolls of 1960 LD Lincolns
---22 Bankwrapped rolls of 1960 LD Lincolns wrapped identically to those described in the lot above
---20 Tubed rolls of 1960-D SD Lincolns
Price is $150 per lot for lots 1 through 6, $175 for lots 7 and 8 and $90 for lot 9. Priority Mail shipping to US addresses is $12 per lot.
Please PM to reserve lots. Payment accepted by PayPal, check, money order, Visa, MasterCard, Discover and American Express.
0
Comments
==Looking for pre WW2 Commems in PCGS Rattler holders, 1851-O Three Cent Silvers in all grades
Successful, problem free and pleasant transactions with: illini420, coinguy1, weather11am,wayneherndon,wondercoin,Topdollarpaid,Julian, bishdigg,seateddime, peicesofme,ajia,CoinRaritiesOnline,savoyspecial,Boom, TorinoCobra71, ModernCoinMart, WTCG, slinc, Patches, Gerard, pocketpiececommems, BigJohnD, RickMilauskas, mirabella, Smittys, LeeG, TomB, DeusExMachina, tydye
WH