I've got a few rolls of the formative years. I know of the discovered errors; would it behoove me to break open the rolls to check? Do the errors come singly or in runs? (from the outside, they look fine). Got these at the credit union.
Me, personally I would sell these rolls for any sort of profit! These will go down drastically in price! I don't know exactly how you would obtain those errors, but I will take onecoinpony's word for it, that they were in mint rolls only, as I have not been following the errors.
I agree, if these are rolls that are selling for a premium of any kind right now I would sell. They are hot at the moment and IMHO they won't be for long. I don't know if bank issue rolls carry a premium...but if they do then sell.
Value?? I hate to speculate as to what would be best. Everyone claims that these bootstraps will have a short price premium, then drop. In my rookie opinion it's still too early to tell price direction. Alot of factors still unknown at this time. Collector interest in the bootstrap is a big factor. I decided to wait for lower prices on the 2008/ reverse of 2007 mule Silver Eagles. That was when the MS70 was selling for $250- $300. I never seen the fast price increase coming down the line. So as of today i still don't own one! I plan on holding onto my formative rolls for awhile, keeping the boxes sealed. Even under the worst scenerio i still won't lose much on them. The listings i see on Ebay claim they came from bank rolls. http://cgi.ebay.com/2009-P-Lincoln-...QptZCoinsQ5fUSQ5fIndividualQQsalenotsupported
There is a difference between the 08 rev of 07 ASE error, which has a very very low mintage to it, versus a two roll set of pennies, that was sold for $8.95, and is now selling for around $20, and less. Demand could jump up, and it wouldn't sell at anywhere near the LP1 boxes. It has to do with supply and demand, but there are so many of these sets, and coins in general, that there is enough supply to meet the demand, which is why they won't jump up in price.
I think the single squeeze hubbing problem was corrected during the mint roll run, and I doubt we will see similar in the bank rolls. A couple of minor Doubled dies are reported in the LP1 series, but I will darn if I will look through those rolls yet. I think the LP1 OBW rolls were so unavailable for time that no one opened them and looked for DD. and wait...there is more...LP3, and LP4 on the horizon. Jim
I will defer to the "error" experts in answering if a die crack is an error? If it is not, then my original statement to the Op stands, as he specifically and unequivocally asked for erorrs. If it is, then not that i doubt your opinion, but please provide a link stating the contrary from recognizable experts in the field. Otherwise as I have read and stated only mint rolls have provided errors. Op did not ask about defects, and if you choose to label defects as errors please provide links.
link? I put a link on my previous post showing an Ebay auction listing. The listing states that the Lincoln bootstrap cent was taken from a bank roll. So it looks like they are in the bank rolls also, according to that listing anyway. This article refers to the bootstrap as an error, if thats accurate. http://www.hcc-coin.com/coinnews.html Here is the Ebay auction listing again. http://cgi.ebay.com/2009-P-Lincoln-...QptZCoinsQ5fUSQ5fIndividualQQsalenotsupported
I personally consider die cracks very minor errors... I am from the camp that if you consider a cud an error you should consider a die crack an error. I recently went through a box of cents and found 2 new double dies that haven't been seen yet, I have examples in the mail to the people who attribute that stuff. But I found several hundred of one and about 50 of the other one. They come in runs and if you find one you'll find a few. I only found 3 rolls out of a box that showed the error on the end and it was the one i found a bunch of. It's the luck of the draw.
hahaha I don't know... The 2 I found were a couple of the nicer looking ones as far as the doubling goes tho.
