0:17
today we're looking at an uncirculated
0:19
role of 1950 A.D Lincoln cents we
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purchased this roll from a dealer paying
0:25
a retail price of fifteen dollars
0:27
this comes to 30 cents per coin
0:31
eight hundred million 953 300 1958 D
0:36
Lincoln sensor struck this was the last
0:38
year the wheat cent reverse and during
0:40
that year the Denver Mint typically
0:42
produced in excess of 70 million coins
0:46
this issue was produced at the height of
0:49
the Roll craze and as such tens of
0:51
thousands of 1958 descent rolls were
0:54
pulled from circulation and hoarded by
0:56
collectors and speculators hoping to
0:58
reap some big future game the Lincoln
1:00
wheat sense series can be broken down
1:05
1909 to about 1931 would be the early
1:08
dates here you'd have the keys 1909 s
1:11
svdb 1914 D the 1922 plane and yes the
1:17
1931 s along with a number of scarce
1:20
estimates from the teens and twenties
1:22
the second period features coin Struck
1:25
from the 1930s to 1958.
1:28
these issues have large advantages and
1:31
Beyond a small handful of
1:32
well-publicized double dies such as the
1:35
55 or the Curious 58 plane none of these
1:39
coins are worth a significant premium
1:41
except in superb gem certified grades
1:44
minor double die varieties do exist for
1:47
the 1958 D but none are listed in the
1:50
Cherry Pickers guide and as such Nana
1:53
are recognized by either PCGS or NGC
1:57
this renders the issue a type coin for
2:01
and as such are roll hunting exercise
2:04
here is undertaken with the goal of
2:06
observing the quality of the coins and
2:10
maybe just spending some time looking at
2:14
looking for die cracks and things like
2:16
that interesting things that happen when
2:18
cheap coins are struck on high speed
2:21
a gem ungraded full rep 1958 descent is
2:25
worth about a dollar in a vacuum but
2:28
nobody is clamoring to buy 50 of these
2:30
coins for Miss a dollar each so we won't
2:33
be selling them anytime soon
2:36
so what are our takeaways from the roll
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although these coins are full red coins
2:41
with bright red color meant fresh the
2:44
quality of the coins is almost uniformly
2:48
that means there isn't anything from
2:50
this role that deserves consideration
2:53
recent eBay sales show ms66 red coins
2:56
from either service selling for between
2:59
15 and 30 dollars there is a big jump in
3:01
price from 66 to 67 but you would need a
3:05
very special coin to Warrant that
3:08
an ms63 red is worth a couple of dollars
3:12
current cost to get the claim graded at
3:14
the economy tier will cost you over 25 a
3:17
coin so there's that a roles like this
3:21
well if this is your focus area in
3:23
numismatics then sure are these coin
3:26
rolls investor quality like Saya
3:28
unopened 1980 tops wax pack of baseball
3:34
for starters unless you can be
3:36
absolutely certain that your role is
3:38
original you have no way of knowing if
3:40
the high-end coins have already been
3:42
picked out our role of choice
3:44
uncirculated coins shows what is likely
3:47
typical for the issue even when you have
3:50
a role that is original from the period
3:52
so originality is no guarantee of PQ
3:57
in our opinion these coins occupy a
3:59
space elevated from a simple circulated
4:02
wheat cent that you might find in change
4:04
still but far below coin singled out for
4:08
I'd call them hole fillers but I'd hate
4:11
to see what a coin album would do to one
4:13
of these bright red scents over time so
4:16
and a plastic tube they'll go a magic
4:18
marker will be used to make note of the
4:20
date on the lid cap with some future
4:22
collector at some point in time we'll
4:25
have a good 30 minutes of fun looking
4:27
through them I think if they're aware of
4:29
this video they'll know to keep their
4:30
expectations at Bay as there were no
4:33
superb gems to be had here for coin week
4:35
I'm editor Charles Morgan until next
4:37
time happy collecting
