Question??
Hwilensky
Posts: 28
I hope everyone is doing well. This is my first of what I hope is many posts on this wonderful board. I am looking to get into the wonderful world of coin collecting. This board seems to have a great deal of knowledge and I hope to draw upon it now and in the future. As I take my first step into collecting coins, I was wondering if you guys could help me out with an answer to a question. I was wondering if collecting lincoln cent proofs with a start date of 1959 would be a great starting point, for someone who is new. I love the coin to begin with, secondly from a financial stand point it would be good for learning the ins and outs of coin collecting without risking to much money. Any and all help is greatly appreciated.
Thanks
HW
Thanks
HW
0
Comments
JP
JP
Capped Bust Half Dollars by Variety & Die State Pictorial Refrence
One of the greatest things about this hobby of ours is that you can collect anyway or anything you want to. just remember to enjoy yourself
Welcome to the forum, I am a new collector too, the best advice given to me was to buy the book before the coin. You like the Lincoln proofs, that is great, do your home work first, educate your self with as much information then you will be ready to make informed choices on what ever you want to collect. This forum is part of the education process and from time to time you will also enjoy a laugh or two.
Robert.
I think giving away a proof Lincoln is an excellent way to start off in this hobby.
"Inspiration exists, but it has to find you working" Pablo Picasso
Garrow
Welcome to the forums.
Collect what you find interest in and what will be fun for you. As you will see as you read more and more forum threads there is a broad spectrum of coins out there to fulfill your interests.
S
Hoard the keys.
Why not collect the business strikes as well. May be able to assemble a monster set eventually! When
shopping for proofs don't pass up real NICE business strike coins! Get 'em all!
bob
OH, and WELCOME!
<< <i>Sounds like a wonderful spot to start. Nice coin, affordable, and a joy to collect. But, why just the proofs?
Why not collect the business strikes as well. May be able to assemble a monster set eventually! When
shopping for proofs don't pass up real NICE business strike coins! Get 'em all!
bob
OH, and WELCOME!
Thanks all for the great welcoming to the community. Am I safe to assume that 'business strike' refers to circulated coins.
In response to yellowjackets post. I am currently reading, and please dont laugh, coin collecting for dummies, I have a copy of the 2009 red book, and I am waiting for my Borders to get in my copy of David Bowers book, A Guide Book of Lincoln Cents, any other recommendations that people have would be appreciated.
Once again thanks for the really warm welcome.
HW
I'd agree that you should collect what realistically fits your budget and what interests you the most.
"Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."
~Wayne
Also, the red book is a great resource, I refer to it several times a week and it's full of great info.
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448
The more knowledge you have the better off you will be in the long run. Those two books can pay for themselves with the knowledge gained.
<< <i>Thanks all for the great welcoming to the community. Am I safe to assume that 'business strike' refers to circulated coins. >>
Welcome!! Lincolns are one of my favorites too.
Keep in mind that Proof Strikes and Business Strikes are different in the fact that they are made with dies that are different. Proof Strikes have thier own mintage. For example (from the 2009 red book) in 1959 Philadelphia made 1,149,291 proof strikes and 609,715,000 business strikes; Denver made 1,279,760,000 business strikes but did not make proofs. So in reality the mint made three different Lincoln cents in 1959. MS (mint state) refers to an uncirculated business strike. Not all business strikes have been circulated. Hope that helps.
``https://ebay.us/m/KxolR5
<< <i>Welcome. Lincolns are cool, and 1959 is a great place to start if you don't like the wheaties
Also, the red book is a great resource, I refer to it several times a week and it's full of great info. >>
Let me know if I am wrong anywhere in this response. I was thinking of first going to my local dealer, being that I have one less then a mile from me. He has already cut up proof sets from many different years with the pennies still available. From looking at his coins, he has a lot of proofs from the 80's on up. The prices are comparable to the completed sales that I see going and I dont have to worry about shipping. I guess I would also have to check out the other dozen or so auction websites to see if his prices are inline. Secondly, I also get to build a repoire with a dealer. As far as slabbed coins go, and I assume you mean graded, I guess the more I delve into the hobby, the more I would think about it. I guess I would have to have the key dates slabbed. But do you get a $5 to $10 coin graded. I really don't know the answer to that. Any advice on that would be appreciated. As far as displaying them, I read and heard that the danseco books are really good for that. But once again more research and more advice would have to be sought on that. I guess I would also go to shows as well. I know that thier is a big show coming up in October in New York. So I will definatley go there. I guess the most important thing is that I will take my time and try to get the best darn looking set that I can and have fun doing it. I also need to ask another question. Are all proof coins Deep cameo's or is it just some years.
Thanks,
HW
<< <i>
<< <i>Thanks all for the great welcoming to the community. Am I safe to assume that 'business strike' refers to circulated coins. >>
Welcome!! Lincolns are one of my favorites too.
Keep in mind that Proof Strikes and Business Strikes are different in the fact that they are made with dies that are different. Proof Strikes have thier own mintage. For example (from the 2009 red book) in 1959 Philadelphia made 1,149,291 proof strikes and 609,715,000 business strikes; Denver made 1,279,760,000 business strikes but did not make proofs. So in reality the mint made three different Lincoln cents in 1959. MS (mint state) refers to an uncirculated business strike. Not all business strikes have been circulated. Hope that helps. >>
Is it safe to say business strikes could be obtained by going to the bank and getting a fresh roll of pennies, straight from the mint that have yet to be used in circulation.
<< <i>
Is it safe to say business strikes could be obtained by going to the bank and getting a fresh roll of pennies, straight from the mint that have yet to be used in circulation. >>
Yes, the secret initials are "OBW" , which stands for "original bank wrapped" rolls. There're still some around, but be cautious as you proceed.
``https://ebay.us/m/KxolR5
<< <i>But do you get a $5 to $10 coin graded. >>
That looks like the title to a 100+ thread.
"Inspiration exists, but it has to find you working" Pablo Picasso
<< <i>
Let me know if I am wrong anywhere in this response. I was thinking of first going to my local dealer, being that I have one less then a mile from me. He has already cut up proof sets from many different years with the pennies still available. From looking at his coins, he has a lot of proofs from the 80's on up. The prices are comparable to the completed sales that I see going and I dont have to worry about shipping. I guess I would also have to check out the other dozen or so auction websites to see if his prices are inline. Secondly, I also get to build a repoire with a dealer. As far as slabbed coins go, and I assume you mean graded, I guess the more I delve into the hobby, the more I would think about it. I guess I would have to have the key dates slabbed. But do you get a $5 to $10 coin graded. I really don't know the answer to that. Any advice on that would be appreciated. As far as displaying them, I read and heard that the danseco books are really good for that. But once again more research and more advice would have to be sought on that. I guess I would also go to shows as well. I know that thier is a big show coming up in October in New York. So I will definatley go there. I guess the most important thing is that I will take my time and try to get the best darn looking set that I can and have fun doing it. I also need to ask another question. Are all proof coins Deep cameo's or is it just some years.
Thanks,
HW >>
My brief response is that unless you're looking to have perfect PR70 examples, then you don't really need professionally graded coins. You'll probably have more fun and your budget will go much further buying raw ungraded examples that look great (although they may not be technically perfect). Also, I'm not sure whether there are any 1959-date proof Lincolns which would be considered key dates to worry about.
If you're buying examples from a dealer cut from a full set (hopefully at a fraction of the price of a full set
Not sure if Dansco makes an album for only proofs, I know they have one that holds all of the business strikes and proofs together if you're going to go for a collection of both.
Finally, everything in the past couple of decades will be deep cameo. Not sure the exact year, but deep cameo and even cameo examples get tougher and more expensive the further you go back. Again, good luck!
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448
Kewpie Doll award-10/29/2007
Successful BST transactions with Coinboy and Wondercoin.
Welcome to the forum!
<< <i>
<< <i>But do you get a $5 to $10 coin graded. >>
That looks like the title to a 100+ thread.
You think I should start one??
a point i pass to you is as most grow in collecting you may find your taste outgrow "just proofs"
from 59 on cameo's don't make ya broke or going after color could prove to add focus
it's always nice to have some uniformity like all proof 67 cameo or pr67 toners as it grows into a matching set then
great time to enter too as people will be passing better coins at better prices
don't be too shy if you see a descent matty offered reasonable as all lincoln collectors should have one
<< <i>so whose gunna tell this guy about the "newbie giveaway" all must do
<< <i>
<< <i>so whose gunna tell this guy about the "newbie giveaway" all must do
Where as I dont have a proof to giveaway as part of the newbie giveaway, I do have a heavyily circulated 2008, with lots of flaws to give away.
<< <i> don't be too shy if you see a descent matty offered reasonable as all lincoln collectors should have one >>
What do you mean by "matty"?
I rarely open threads without a descriptive title so just stumbled on this one.
For the later proof sets it's cheaper to buy the singles but for many of the '59-
'90 issues it may be cheaper to buy the entire set. The initial outlay is higher
but you'll get most of it back when you sell or trade the rest of the coins. The
best part of buying the entire set is that you can seek sets with superior cents
in them and end up with a choice collection.
It's mainly a matter of preference and how much effort you want to spend.
greatest details of all lincolns as they are crisp masterpieces
of the 15k approximate mintage only 5k are known
sleepers that are waking up...hot now...but prices still have yet to find a peak...great core value
a lil taste of a matty here