Discussion in 'Coin Roll Hunting' started by Penny Luster, Nov 27, 2020.
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I will be over later. lol
Why were they hoarded?
Large date and small date variety.
In the early 1960s, investing, or speculating, in rolls of coins was the most active segment of the coin market. “The Coin Dealer Newsletter” got its start reporting on the price movements of those rolls. Before that, many dealers had set aside rolls for years. They would pick them up at face value, or close to it, in the year of issue and then sell the coins to collectors as singles as the market dictated it. Investors saw this and chimed in to that market.
Not just 1960 cents, but all cent and mint mark issues from era were saved in quantity. The 1960 may have been a little more popular because there were two major die varieties, the small and large dates. The small date coins from the Philadelphia Mint sold for more then than they do now. As the lowest denomination, the cent was the cheapest way for people to get in on the fun.
About the only way that these roll investors made any money came along when price of silver went up. Those who saved cents and nickels didn’t realize what they had hoped because way too many coins were saved. Over the years these coins have been returned to circulation, and you run into some of them today.
I finished three boxes, $75 worth of cents. The pickings were good. Here are a few photos for those who are interested.
They are? Thank you for telling me!
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