Question on Collecting?

So folks I have a question for you all. What do you see for our future for worth of legitimate error coins?
I have a Very Nice Lincoln Cud cent, Can not tell year but believe it may be before 82. It is basically kept for a rainy day fund. I figure now in the $65.00 to $75.00 range, Would you keep it for sale in the golden years or sell now and maybe buy 4 oz of silver? I know, I Know, What your thinking but what you actually say?
Question #2 Was there any differences in the minting of the Lincoln coin to tell a year From a Dateless?

 

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I've been collecting for decades (I'm in my late 40s) but only learning about what I have now. Kinda late because I should have learned FiRST how to keep my coins in good shape. OH well...anyway... I keep some coins for sentimental reasons, even if they're worth nothing (e.g. my Portuguese escudos). Most of what I do is have fun trying to decipher the "fingerprints" of coins, but...if I find a coin (or more than 1) that is valuable, I'll sell it now. Chances of that are, though, extremely slim. So...mostly having fun collecting and learning.

 

Q1: If we knew, we wouldn't be schlepping around on CT talking about circulation finds
Q2: Weight will tell you if it's zinc or copper. Every so often, the master hubs (I think that's what they are called) are updated. For ex., you can definitely see the changes made between 1968 and 1969. I believe this was done in the 90's or 00's as well, so that might also be a clue. As to the exact year; that may not be possible.

 

A value of $65 to $75 is probably too high. No offense intended, but many people have a tendency to overvalue their coins, especially where errors are concerned. A coin is only worth what someone is willing to pay for it. The problem arises if and when you decide to list it for sale on, say, eBay. If only one person is interested, you may be lucky to get a few bucks for it. On the other hand, if more than one person is interested, it may go through the roof.

Chris

 

Me Also! I have had the bug my entire life, Quick little story, When I was a very young teen, (now 53) I was at a state fair side show and it had a magic act he dropped one of his 50 cent pieces and it fell through a crack in the stage. I waited till the end of show went behind stage and under and found it, kept it for a very long time until my collection was stolen , I did the same collected but never kept them the way I should have. I got into roll hunting about 10 years ago real hard. Put about 100 coins away in the (Hey That Is Cool Box) Some big errors some small.
I joined coin talk in 2010 and learned a lot about what I was seeing and collecting, It is sad to say but I was on some medication for a few years that almost literally killed me ,. And I ended up forgetting tons of what these folks taught me. So I am basically in the learn over process.
I just hope that now that I am down for the count and re going through my collection that these fine folks will put up with me and my shaky pics!!
THANKS EVERYONE
JON

 

Yes Chris I understand that completely I am going on sold listings for a coin with an error about the same and the prices are about $60 to 85.00 Slabbed higher of course. I have wanted to post a pic of it but have been trying to keep my coin posting with pics to about 3 a day for exposure and you guys do not get sick of me!.
THANKS JON

 

As long as you don't post the same photo 387 times like some do, no one will mind.

Please post it; I'd like to see the coin.

 

Here Ya Go !!!

 

that's the mother of all cuds!

 

Thank you, and very nice!

I can't speak much for present-day value, but it's a nice and fairly eye-pleasing example over all. No one can predict the future market for such coins (and if one claims to know they're lying), but they're neat and during my active involvement in this hobby, always drew interest. Take as you will....

 

I just did a weigh I did not break it out of holder because I did not want to damage it and I guess my finger nails are not long and sharp enough, LOL But seems to weigh about the same as a post 82.

 

Wow!!!!

 

I am hoping that when my Grandchildren get a tad older I can show them some of these fine coins I have collected over the years if not to get them interested maybe they will have some more info that some of these millennials do not seem to comprehend. I am not itching to sell, Was just wondering if it would hold value I guess with the crystal Ball?
TY JON

 

Let me tell you a true story.

A close friend of mine had a consignment listing on eBay for a beautifully toned 1883-CC Morgan in NGC MS65. I really liked the coin, so I placed a bid for $1200. Unfortunately, it sold for $1250.

About a week or so went by when this same friend had another listing for an 1883-CC Morgan in NGC MS65, and the toning was nearly identical. I placed a bid of $1250, hoping that I wouldn't lose this one. As it turned out, I won the auction for $511.

My point is that there are only so many people willing to pay a fair price for what they get. Just because someone paid $60-80 for one cud doesn't mean there will be others willing to pay the same amount.

Chris

 

try to get a coin with Justin Bieber on the obverse...you'll make a zillion dollars on it selling it to a millenial <Hides and waits for the boot>

 

Chris gave a good example of what, IMO, everyone involved or just thinking of getting involved with coins needs to understand, and that's there are no absolutes. While one can use knowledge to essentially hedge their bets, no one always wins the prize.

I do feel there will always be some demand for your coin, and again this is based on personal experience. Future value is open to debate though, but such a strong cud on a very popular series gives you a good chance over all IMO.

Good luck with the grandkids. I've known some who have been able to get the little ones interested, while others couldn't get a spark no matter what they did or tried. Hopefully you'll be one of the lucky.

 

If you ever need to remove a coin from an airtite, the easiest way is to use an X-Acto knife. Wedge it between the two sections and work it around the perimeter until it comes apart.

Chris

 

A sharp pocket knife will do the same trick, but perhaps it's best sitting in the airtite safe and sound.

 

So I have a Question for Paddyman, Chris, BooksB4coins, And others Being that this is most likely a zinker do I have it in the safest type container?

 

I would personally pay around $50-60 for it and I wouldn't consider selling it because I hate selling coins that I like. Tough decision; the question is, what do you want more? Silver or an error coin?