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Just got this 1971S Mint Set which I had to take out of the cellophane strip. It has a nice red color but is not the perfect cent. Your comments are welcome. Had a good day at the live auction. I even received an old circulated 1920S, 1939,1940,1944,1927 and the list goes on. Will share these another day.
That is a mighty fine looking Lincoln from a cellophane wrapping. Many times I have found they are spotty, or appear like there has been some moisture damage.
Jean
Thanks to all for the looks and comments. I am trying to get a higher grade of coins but it is a struggle out there. The circulated coins are being destroyed at an alarming rate and it seems that whoever has uncirculated rolls at this time wants too much for them. I'll keep going to the auction where I can see the coins close up.
Thanks to all for the looks and comments. I am trying to get a higher grade of coins but it is a struggle out there. The circulated coins are being destroyed at an alarming rate and it seems that whoever has uncirculated rolls at this time wants too much for them. I'll keep going to the auction where I can see the coins close up.
Lucien
Try going to coin shows. The current CDN roll prices are way, way low and, in my opinion, incorrect. Considering the current price of copper, BU rolls are priced around melt value. I ask, who in the world is willing to sell their copper BU roll at melt? Really CDN? Over the past year I've been snagging copper BU rolls at shows from the dumb dealers selling them for CDN at $1.10 ask and such. I make sure to NEVER point out how ridiculous the CDN values are to them.....yet they predominantly use CDN at the shows.
In general, Memorial cents are completely ignored by dealers. They don't want to even "bother" with them. Talk to most dealers and they tell you it's not worth their time. They tell you there's billions and billions of them. Eventually, this is going to catch up with collectors. Finding raw, high-quality Memorial cents is very, very difficult and extremely time consuming. I venture to say 95+% of them are beat-up, spotted and from late die states.
Everytime I attend a show I seek ultra quality Memorial cents. Very few dealers ever have Memorial cents and of those that do, I look through their entire inventory. This can take 90% of my show time on occasion. It's very painful and difficult to search them because I reject 99+% of what I see. I may look at several hundred and only find 1 or 2 that are worthy of buying. The good thing though, I usually buy them for a buck or two as the values of them are not well established and dealers do not know how to grade them. They are seen as "junk coins" and the Red Book is about the only pricing guide for raw coins.
So far I estimate that I have invested about 2-3x the time in my Memorial cent collection as compared to my Wheats. By far, quality Wheat cents are easier to find, albeit more expensive. Putting together a high quality Memorial set is far more difficult than people realize. Even if you buy slabbed coins, you'll find the TPG's suck at grading them. What they grade at 65/66 I call 63/64. Finding TRUE 66-68 grade Memorials is extremely tough......especially if you seek examples with full and complete steps like I do.
Thank you Bad Thad for a wonderful article which I think would help a lot of roll searchers in this community. I can understand the difficuly obtaining quality rolls as most are spotted or have scratches. I will incorporate your tips in my future searches.
Thank you Bad Thad for a wonderful article which I think would help a lot of roll searcchers in this community. I can understand the difficuly obtaining quality rolls as most are spotted or have scratches. I will incorporate your tips in my future searches.
Lucien
Rolls are whole different ball game. I've cracked open countless OBW rolls to search for gem coins. Very rarely have I found coins that meet my standards. About 50% of the OBW rolls have been improperly stored and/or contain subpar coins. If they haven't been corroded, they have black spots, are beat-up (from handling) or are from mid/late die states. Usually MS-62/63 are the highest grades....even 64's are tough to find.
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Be verwy verwy quiet... I'm hunting coins!!! 
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