Looking for some help with Red lincolns and washingtons

TwoBitWilly

I've been working on a couple dansco sets (Red) Lincoln wheats & (bu) washingtons.

For the most part I use the Grey sheet for prices and the earlier dates seem to be pretty close for the most part (with a few exeptions).
But when you start getting into mid/late 30's forward on the lincolns is so out of whack (ex:1950 bu roll price $110=$2.20 ea) mintage 272,635,000 yet i can't seem to find one for less than $7-8 bucks with minor carbon spots.

Same goes for later date 59-64 washies roll price seems to follow melt prices to a degree about $5-6 bucks each yet baggy bu's sell for $10-12 plus.

The local shows I attend have very little of this type material and when I do find some there priced higher than ebay

So I guess what im asking is there that much of a premium because there's no such reality price guide for them?

Or am I just looking in the Wrong places?

Thanks

cladking

Welcome aboard.



<< <i>
Or am I just looking in the Wrong places?

>>



It's mostly this.

A lot of these get carded when the silver price is high or the dealer just expects to bargain.

Offer a fair price for the choice coins (10% to 50% over melt, and it will usually be accepted.

SoCalBigMark

65+ red 1949-1954 are conditional rarities.

coinbuf

When you buy a roll and split it up there will be some that are very poor and you cannot sell or are only able to sell for next to nothing. So those that are in good condition will need to be sold for a prem to cover the cost of the entire roll with a small markup, plus you also have the costs of putting each coin into a flip to consider.

MsMorrisine

<< <i>Welcome aboard.



<< <i>
Or am I just looking in the Wrong places?

>>



It's mostly this.

A lot of these get carded when the silver price is high or the dealer just expects to bargain.

Offer a fair price for the choice coins (10% to 50% over melt, and it will usually be accepted. >>





I was thinking this, too. Small, local dealers are costing in overhead. eBay has it's share of fees, and single coins of newer and common dates seem to have a "single" premium built in over the much lower roll prices.


Try this place's buy, sell, trade forum and post a WTB-- want to buy thread.

WaterSport

If it's just unc cents your after, I would not be looking for rolls. Unfortunately the value added to a decent graded cent in plastic drives folks to find unc rolls for possible submissions. And, many of those rolls folks are looking for variety cents which will really drive up the value of finding possible rpms, etc.

Welcome aboard!

WS

TireKicker

Welcome aboard. Keep looking, I would look for complete Lincoln collections if you still have many holes to fill. Often, you can pick these up at very reasonable costs. I usually find one a year that are loaded with BU coins in 64 with a few in 65 and one or two 65+.

sparky64

You can often get the cents and quarters you are looking, for at the prices you mention, in slabs.
I've gotten several very nice examples in MS 64 & 65 that I believe were submitted with the hopes of higher grades and fell short.
No carbon and not baggy.
If I were trying to complete an album, I'd have no problem cracking them out and filling the slots.
I agree that you're looking in the wrong places.

halfhunter

<< <i>I've been working on a couple dansco sets (Red) Lincoln wheats & (bu) washingtons.

For the most part I use the Grey sheet for prices and the earlier dates seem to be pretty close for the most part (with a few exeptions).
But when you start getting into mid/late 30's forward on the lincolns is so out of whack (ex:1950 bu roll price $110=$2.20 ea) mintage 272,635,000 yet i can't seem to find one for less than $7-8 bucks with minor carbon spots.

Same goes for later date 59-64 washies roll price seems to follow melt prices to a degree about $5-6 bucks each yet baggy bu's sell for $10-12 plus.

The local shows I attend have very little of this type material and when I do find some there priced higher than ebay

So I guess what im asking is there that much of a premium because there's no such reality price guide for them?

Or am I just looking in the Wrong places?

Thanks >>



I would think that a dealer could buy & sell a BU roll, make a few bucks, and turn his investment over pretty fast . . . If a dealer buys this same BU roll and pieces it out he has his investment tied up, probably much longer, and must hope that 20, 40, or 50 folks come along who want that date/mm. Moreover he has a lot more time/materials/labor tied up selling singles . . . hence the greater compensation.

HH

Type2

Whell if you are puting red's in a Dansco it will not stay red so just buy a nice Brown you will be happer. Send me a list i'll see what i can do for you. I have about 25- Complet 2nd part set's in dansco at my office with about 80% Red in ea.

cucamongacoin

The PCGS priceguide is a good start on actual values for this type of material. The Greysheet has become virtually irrelevant in regards to Very Choice Red and Gem Red Lincolns for any date they have listed. Using your example of a 1950 P Lincoln, pro rata roll bid may be OK for 63 Red examples (these are not pretty), next grade up doubles or triples, then multiples and mega multiples for higher grades is the norm. Fact is, nice original rolls are fast becoming extinct, and for some dates were nearly nonexistant from the get go.

MsMorrisine

Type2 is a good guy.


and go into your profile and turn private messages on.

DorkGirl

ricko

Welcome aboard...no further advice, plenty above... Cheers, RickO

TwoBitWilly

Thanks for the welcomes all.


After reading all the advice/thoughts im gonna have to ponder over my next move with the lincolns.
Maybe a slabbed Red set & raw Brown set i just dont know yet.

buying partial sets is something i had'nt considerd before.


As for the bu washingtons I need 4 commonish dates 56,58,59-d,60 then all I have to worry about the first page $$$$$ ones
and pick those up over the next couple years it's really just a set i started a few years back
because i lack focus to finish one set before i start another and now that it's near complete (19 more to go) i seem to be a little more focused on it.

One thing i wish i had was unlimited funds to feed this wicked addiction.

ps: private messages are on

TwoBit

johnny9434

welcome to the forums