I feel I have made a mistake collecting Lincoln's...

BlindTiger · May 23, 2009 2:26PM

First , I want to Apologize to Charmy for my response last week. It was uncalled for, and I blame it on my 2 bottles of Premier Cru Merlot , Coupled with my girlfriend golddigging me for $1000 in cash for shopping and never calling me that night. Anyway, it hit me in a bad way.....you see, and sometimes we never know what is going on BEHIND the scenes when one responds...(she has since been become my housekeeper)...

Anyway, let me get to my post..,
As some of you know, I started collecting with the State Quarter,,, Yes, that late..!!! Other than 2 other earlier times in my life...OK, one was when my dad had ONE coin , it was a brown Ike, and I didn't like it. The other was when I was calling on businesses with my work, and came across a coin shop. I bought an early walking liberty. And proceeded to lose it within a week.!!! loloool..true..

OK, So, I do the TEN year collecting of those SOB's quarters in SILVER. Because I have 2 children, I had to double every order.. I thank god that it ended in 2008 .!! OK, so when is this getting to Lincoln's?? LOL..in a second, be patient...
So, after the Silver proof quarters.....I think, is there anything else to collect for them? And along comes Polly.!! LOL, no, along comes Penny.!....The new Lincoln Penny..
And at first, we all said, OK, we will pick these up at our local bank. And all will be fine.....then, we thought those who attended the Lincoln birthplace in Feb., where just nuts...
And then, after they came back, we see prices sky-rocket on ebay.. But we dont panic., they printed 3.1 billion of these things.. ! And then, we realize our banks cant get them.
And then the MINT SEES an another opportunity to SHAFT the public.!! So they quickly consult with their paper wrapper contractors. (or they could print their own, i dont know)...Either way,
NEVER , NEVER ( someone correct me) has the mint offered CENT rolls to the buying public.!! I believe they only offered them in sewn bags. And that was ages ago.!! so, THE FRENZY BEGINS.!! or at least curiosity...
Never had I owned a lincoln cent prior to 3/5/09 of this year.. Lincoln's were not my thing, Silver coins were...but I was intrigued....especially when they expoded n Ebay...So, anyway. I have been on a mission....I now own over 130 rolls of lincolns.., most OBW, some tubed, and over 80 ceritified coins of lincolns (ngc&pcgs) all in the last month.

But, now, I am doubting myself., they say real collectors dont like to collect lincoln's due to the copper content.. And some collector's will not buy from seller's in Florida.. Well, maybe I made a mistake,,,I dont really like lincoln's , but yes i do now...but what do or should I do with my ROLLS of lincolns?? is it worth grading a lincoln? yes, I have some wheat rolls, but most are memorial rolls. I did collect them to just give to my sons.. So I am not about a quick flip. but I dont want them turning to rust, or spots, as I have seen some of these rolls do.....thank you

I guess what I am asking, is, do these coins rust, spot, in the holder...And do most collectors go with Silver? is copper safe?? thanks

Kdog08 · May 23, 2009 2:31PM

AskRaq · May 23, 2009 2:33PM

<< And some collector's will not buy from seller's in Florida.... >>

Dang, now I gotta MOVE!!!! LOL

Sounds a little OCD/OCPD - typical coin hoarder.

Well, keep the ones you like, get rid of the ones you don't. I've never been a HUGE Lincoln fan.... but they certainly grow on you - especially when a really nice one catches your eye. But, then again..... so do those freakin' Indian Head Cents!!!! Maybe you should go backward in collecting (from Memorials to Wheats to IHC's to FE) instead of forward (like you did with the State quarters)?

diamondman · May 23, 2009 2:35PM

a little off the subject , but I remember having a roll of indian head cents (G to F), along with two kids and I am not home they grabbed the roll and some loose silver quarters (that I left on the kitchen table) and ran out to the ice cream truck, then bing bam boom didn't have to worry about them rusting anymore!

Broadstruck · May 23, 2009 2:37PM

Although I'll miss the minutes lost reading this couch trip it did have some funny parts!

Good luck with whatever you decide

OneCent · May 23, 2009 2:37PM

Lincoln's suck. Especially the older ones with an S on 'em.

AUandAG · May 23, 2009 2:39PM

My Lincolns have traveled with me from Nevada to California to Missouri (very humid there) to Colorado and back to
Nevada. I've never had any problems with any of them. Just plastic tubes and in my home. Not in the garage or
basement.

Inexpensive, for the most part, to collect.

Keep 'em for the kids.

bob

dogwood · May 23, 2009 2:41PM

Lincoln Cent Hoarders Hotline

800.555.1909

A nice person will answer the phone and they can talk you down.

BlindTiger · May 23, 2009 2:42PM

I may want to add, The OBW rolls, and tubes, all absolutly delious speciems, except for ONE, a 1961 roll, which I just cashed in at my bank. I did just pay .99 cents for it, so no biggie.. I am keeping these rolls, in an intercept shield box. with a ziplock around that. I am very confident thses rolls are golden at the moment..And I will take great care of them..I just want to know if others love lincoln rolls too..and how they care for them..

And do they feel, as I will ad, I have not yet OPENED one of the rolls I have gotten.....except 2, which appeared torn, and tubed that looked as old as ben franklin himself...the torn wrapper was excellent.. the tube, of my, was awful, yes, it was old, but the lincolns were spotted and nasty....I turned themn into the bank as well.....I just want to know, if I should stop now, and concentrate on silver....is lincoln copper worth it in the long run??

soty27 · May 23, 2009 2:49PM

I personaly do not like lincolns. Collect what you like though. If you like them go for it. I have never heard of any problems with them being in rolls or tubes. I have heard that alot of the new lincolns do have black spots on them. I would suggest keeping any you have in the original roll, any others you buy make sure they are not spotted up at all. Store them in a temp that stays fairly the same and you should be fine. I understand collecting the old wheats and indians but I just dont get all the hype with the new ones.

Bear · May 23, 2009 2:52PM

I always appreciate a Gansa Magillah and

a first rate rant. Well done indeed.

lkeigwin · May 23, 2009 2:55PM

Wow. You need to get a handle on those meds. This is the most irrational post I've ever seen here. My advice...stop all collecting and get some professional help...not here.
Lance.

lasvegasteddy · May 23, 2009 2:57PM

sounds like bulk-itus

if it was i , those rolls would be searched if obvious variety years were owned and after i acquired a good eye for those high end ms as scoring certain ms67 rd's sure can brighten a day too

then i'd use that $$$ to acquire rarities....matte proofs,sms cameo's,36 to 42 proofs all pcgs slabbed

a sweet box of 20 as mentioned above sure would bring bigger smiles then a trunk of rolls

BlindTiger · May 23, 2009 3:00PM

Yes. I am another 2 bottles to the wind....but I work hard as a controller for a company .....I graduated from MIT , and what they are paying me, it's a deal for them....

Broadstruck · May 23, 2009 3:03PM

It's almost like when Griv used to get liquored up on the weekend and then hit the forum!

pennyannie · May 23, 2009 3:58PM

Griv actually had a ton of $$$$$$$ tied up in his coins. He did not like being second best that is for sure. I miss him

Swampboy · May 23, 2009 4:21PM

Think about this, when all your dreams have turned to rust you'll still have the mint wrapper.
Not a bad hobby, eh?

coinsarefun · May 23, 2009 4:26PM

<< sounds like bulk-itus >>

I like this description

I also had this problem once then divorced him 17 years ago

Stefanie

mikeyg · May 23, 2009 5:06PM

<< a little off the subject , but I remember having a roll of indian head cents (G to F), along with two kids and I am not home they grabbed the roll and some loose silver quarters (that I left on the kitchen table) and ran out to the ice cream truck, then bing bam boom didn't have to worry about them rusting anymore!

>>

I feel your pain brother a few years ago my six year old did the same thing with a cup full of silver quarters on my dresser to play video games and the owner of the store was unsympathetic. That really burned me up

mumu · May 23, 2009 5:12PM

I dont see much upside to lincoln rolls. Go with scrap silver if you are looking to hoard, or individual coins you like.

19Lyds · May 23, 2009 5:32PM

<< .....I graduated from MIT .... >>

Facaid?

Certainly an MIT gra-dgee-ut would know how to spell?

As for buying every Lincoln you can get your hands on, Its a little late to now be asking questions about whether or not they spot or turn or go bad on you as those questions should have been asked before you started your buying rampage.

Lincolns stored in rolls can spot and really spot badly. Some years are worse than others.
Lincolns can turn in holders as well as spot. I have a nice MS65RD Lincoln thats not quite so red and its been holdered for about 15 years. I think finding a nice Red Lincoln in a holder that stays red is the attractive part about collecting those copper coins! There are plenty out there just like there are Silver Eagles that do not nor will ever have Milk Spots.

As for your "roll" collection. Just hang on to it. Hell, I've got a Lincoln roll collection I've been working for 20 years! If just 1 coin out of 50 in a roll survives, then you've done good! My advice is to simply not concentrate on it and add to it over the years. Coin Collecting is not something you do for 8 or 9 mionths and then sell. Its something you do over a period of years!

Now, stay off the sauce if your going to post and then start collecting what you really want to collect.

tahoe98 · May 24, 2009 2:32AM

<< 

<< .....I graduated from MIT .... >>

Facaid?

Certainly an MIT gra-dgee-ut would know how to spell?

As for buying every Lincoln you can get your hands on, Its a little late to now be asking questions about whether or not they spot or turn or go bad on you as those questions should have been asked before you started your buying rampage.

Lincolns stored in rolls can spot and really spot badly. Some years are worse than others.
Lincolns can turn in holders as well as spot. I have a nice MS65RD Lincoln thats not quite so red and its been holdered for about 15 years. I think finding a nice Red Lincoln in a holder that stays red is the attractive part about collecting those copper coins! There are plenty out there just like there are Silver Eagles that do not nor will ever have Milk Spots.

As for your "roll" collection. Just hang on to it. Hell, I've got a Lincoln roll collection I've been working for 20 years! If just 1 coin out of 50 in a roll survives, then you've done good! My advice is to simply not concentrate on it and add to it over the years. Coin Collecting is not something you do for 8 or 9 mionths and then sell. Its something you do over a period of years!

Now, stay off the sauce if your going to post and then start collecting what you really want to collect. >>

..........

RaginsteveK · May 24, 2009 2:50AM

I don't suppose anyone here could use a roll or two of '63-D Lincolns {?}

.....{I don't know what I was thinking, or if I was ... ........

..........

been turning my own disaster thread over in my mind .... unsauced (I can flip out stone-cold-sober)...

Broadstruck · May 24, 2009 2:54AM

<< 

<< .....I graduated from MIT .... >>

Facaid?

Certainly an MIT gra-dgee-ut would know how to spell? >>

As I recall they had a crappier English program then at...

BlindedByEgo · May 24, 2009 3:02AM

<< It's almost like when Griv used to get liquored up on the weekend and then hit the forum!

>>

ambro51 · May 24, 2009 3:04AM

Keep them. Consider adding quite a few dessicant packages in the storage, the more the better.

Its not only spots but the nicks those coins have, just from the day of manufacture to the rolling....are pretty significant. They were heavier than the Zinc coins, and just planchet contact made deeper nicks and marks. Soft strikes leave planchet nicks even after minting.

Just keep them dry and safe, someday they will be worth more, probably.

Sad time comes when you have finally pulled apart an OBW roll and discovered all ALL the coins have one or more problems, most MS60-63 at very best. Now, you ruined that sacred OBW thingy, and found nothing worth more than face. Thats were all those plastic tubes of pennies come from...someone sometime checked them REAL good if they are out of the roll.

someday...someone will be glad you saved them. It could be 256 years from now, some kid getting a MS 60 lincoln....wow qute a treasure! and you done your part keeping this antique preserved for the next generation. and thats nothing to sneeze at.

droopyd · May 24, 2009 4:17AM

<< Certainly an MIT gra-dgee-ut would know how to spell? >>

A guy was standing at the "express" line at the Stah Mahket -- otherwise known as "Star Market" -- with far more than the "10 items or less" posted on the sign.

The clerk looks up at him and asks: "So, are you a Harvard graduate who can't count, or an MIT graduate who can't read?"

Edited to add: The guy replies -- "I'm a BU grad. I can't do either."

Ba-duh-bump.

66RB · May 24, 2009 4:32AM

<< they say real collectors dont like to collect lincoln's due to the copper content >>

Yes, very true, real collectors won't go near Lincolns. REAL collectors ONLY collect silver and gold, of course. Anyone collecting copper is most certainly NOT a REAL collector.

DoubleEagle59 · May 24, 2009 4:35AM

<< I always appreciate a Gansa Magillah and

a first rate rant. Well done indeed.

>>

I totally agree.

My compliments for a great first-rate rant!

BTW, I don't collect Lincolns, I collect Morgans, so that shows you how little I know

adamlaneus · May 24, 2009 4:38AM

Stick with your plan.

When in doubt, hoard it away. Give it to your sons.

Don't worry too much about storage. Some of the prettier toned coins have come from "plain old storage" without much fussing.

Let them deal with it. Hopefully, it will be a fun discovery for them one day.

Oh, by the way. The only thing actually worth collecting is gold.

devious · May 24, 2009 4:47AM

<< 

<< they say real collectors dont like to collect lincoln's due to the copper content >>

Yes, very true, real collectors won't go near Lincolns. REAL collectors ONLY collect silver and gold, of course. Anyone collecting copper is most certainly NOT a REAL collector. >>

My next purchase for MYSELF and not my son will be a copper fugio. But if I can find a nice silver fugio, I suppose I would go for that first!

Billet7 · May 24, 2009 4:49AM

<< Although I'll miss the minutes lost reading this couch trip it did have some funny parts!

Good luck with whatever you decide

>>

I disagree...I just want my time back.

Broadstruck · May 24, 2009 4:54AM

<< 

<< Although I'll miss the minutes lost reading this couch trip it did have some funny parts!

Good luck with whatever you decide

>>

I disagree...I just want my time back. >>

Here ya go...

ThePennyLady · May 24, 2009 11:36AM

<< First , I want to Apologize to Charmy for my response last week. It was uncalled for, and I blame it on my 2 bottles of Premier Cru Merlot , Coupled with my girlfriend golddigging me for $1000 in cash for shopping and never calling me that night. Anyway, it hit me in a bad way.....you see, and sometimes we never know what is going on BEHIND the scenes when one responds...(she has since been become my housekeeper)... >>

Thank you for the apology, I really appreciate it.

BlindedByEgo · May 24, 2009 4:15PM

I'm just worried about the pissed off village smoewhere out there.

TwoSides2aCoin · May 24, 2009 4:30PM

<< I'm just worried about the pissed off village smoewhere out there. >>

what a way to start my Memorial Day.

ColonialCoinUnion · May 24, 2009 10:47PM

<< I guess what I am asking, is, do these coins rust . . .in the holder? is copper safe?? thanks >>

Did you say you went to MIT?

BBN · May 24, 2009 11:09PM

<< First , I want to Apologize to Charmy for my response last week. It was uncalled for, and I blame it on my 2 bottles of Premier Cru Merlot , Coupled with my girlfriend golddigging me for $1000 in cash for shopping and never calling me that night. Anyway, it hit me in a bad way.....you see, and sometimes we never know what is going on BEHIND the scenes when one responds...(she has since been become my housekeeper)...

Anyway, let me get to my post..,
As some of you know, I started collecting with the State Quarter,,, Yes, that late..!!! Other than 2 other earlier times in my life...OK, one was when my dad had ONE coin , it was a brown Ike, and I didn't like it. The other was when I was calling on businesses with my work, and came across a coin shop. I bought an early walking liberty. And proceeded to lose it within a week.!!! loloool..true..

OK, So, I do the TEN year collecting of those SOB's quarters in SILVER. Because I have 2 children, I had to double every order.. I thank god that it ended in 2008 .!! OK, so when is this getting to Lincoln's?? LOL..in a second, be patient...
So, after the Silver proof quarters.....I think, is there anything else to collect for them? And along comes Polly.!! LOL, no, along comes Penny.!....The new Lincoln Penny..
And at first, we all said, OK, we will pick these up at our local bank. And all will be fine.....then, we thought those who attended the Lincoln birthplace in Feb., where just nuts...
And then, after they came back, we see prices sky-rocket on ebay.. But we dont panic., they printed 3.1 billion of these things.. ! And then, we realize our banks cant get them.
And then the MINT SEES an another opportunity to SHAFT the public.!! So they quickly consult with their paper wrapper contractors. (or they could print their own, i dont know)...Either way,
NEVER , NEVER ( someone correct me) has the mint offered CENT rolls to the buying public.!! I believe they only offered them in sewn bags. And that was ages ago.!! so, THE FRENZY BEGINS.!! or at least curiosity...
Never had I owned a lincoln cent prior to 3/5/09 of this year.. Lincoln's were not my thing, Silver coins were...but I was intrigued....especially when they expoded n Ebay...So, anyway. I have been on a mission....I now own over 130 rolls of lincolns.., most OBW, some tubed, and over 80 ceritified coins of lincolns (ngc&pcgs) all in the last month.

But, now, I am doubting myself., they say real collectors dont like to collect lincoln's due to the copper content.. And some collector's will not buy from seller's in Florida.. Well, maybe I made a mistake,,,I dont really like lincoln's , but yes i do now...but what do or should I do with my ROLLS of lincolns?? is it worth grading a lincoln? yes, I have some wheat rolls, but most are memorial rolls. I did collect them to just give to my sons.. So I am not about a quick flip. but I dont want them turning to rust, or spots, as I have seen some of these rolls do.....thank you

I guess what I am asking, is, do these coins rust, spot, in the holder...And do most collectors go with Silver? is copper safe?? thanks >>

My man, I am not qualified to listen to this. You'll have to find someone with the right degree and charging $150/hr

j/k

BBN · May 24, 2009 11:10PM

<< 

<< I guess what I am asking, is, do these coins rust . . .in the holder? is copper safe?? thanks >>

Did you say you went to MIT? >>

LOL

morgansforever · May 24, 2009 11:37PM

Do Linclon's grow spots in the holder? Mine certainly do, in the Dansco as well.
I bought several 40's Lincoln's in 65/66 red holders just to watch spot up. Toning is one thing, spots just flat out ruin a coin.
The whole gold digging thing, get rid of the girlfriend, very simple.
The 02 cent was spotless then "Presto" a spot is born. I'm done with copper,
Scott

I feel I have made a mistake collecting Lincoln's...

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