2017 P LMC

[Penny4URthoughts?]

Quick question...I got some uncirculated 2017 P LMC rolls and was wondering what should I do with them? Hold onto them? Search them for the error varieties? Or maybe see about selling them. Let me know what y'all think!

[MintErrors]

That decision is yours, I'd rather not influence some one's potential investment decisions.

A few suggestions though...

If the coins are in paper rolls, consider what might happen to the coins if they remain in paper. I don't have a lot of expertise when it comes to zinc coins where they have extended periods in paper rolls. The Verdigris that affects coins tends to happen more near the sea, and in places of high humidity.

I suggest looking at population numbers ( and maybe the prices too) on the third party grading services and see how many coins have been reported. This will probably give a general number, nothing exact, because some collectors don't submit coins to be slabbed, and others will crack open slabs several times and resubmit those coins in hopes of a higher grade

Lastly, I think it depends on your personal feelings toward the potential varieties that might be in the roll(s). I suggest looking over at https://coppercoins.com and seeing if this is your type of DDO.

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I tried my best to be unbiased about the writing as I could. I personally am not a big fan of zinc cents, nor the newer single squeeze technique and still calling those coins "doubled dies".

[Petespockets55]

Like all hobbies, it boils down to what floats your boat.

IMHO as far as an "investment", the highest return on modern rolls seems to be unloading them as early as possible in the year they are produced. Search on eBay for a "SOLD" listing (2022 OBW rolls) for a comparison. People like to be the first to discover something each year that might be valuable. 2021 had the incredible Rim to rim die crack that we don't see on modern coins very often.

The current single squeeze method (1997 for cents and nickels, 1999 for all denominations) has produced some significant doubled die varieties.
The 2009D DC quarter with Duke Ellington is a great example. Or consider the 2005P Minnesota quarters that have seven (7) FS# varieties in just the first 21 (90 total currently).

.... I personally am not a big fan of zinc cents, nor the newer single squeeze technique and still calling those coins "doubled dies".

A lot of people find modern coins hard to search because of how shiny they are, myself included. Whether a person likes the single squeeze variety or not is a matter of personal preference, but .... these coins are produced from doubled working dies. The doubling is not MD. The doubling is not from Master die doubling.

I have a question regarding the class VI doubling from the older die-hubbing era. Do people like any of those? Can anyone say if those were produced on the first hubbing, the second hubbing, or a combination of both hubbings?

The same question can be asked about most of the other classes as well. (Class III, Design hub Doubling, is about the only one that definitely had design added to the working die from both hubbings.)

But on a positive note, the more others disapprove of these modern "abominations", the more there will be for me to pick!

[MintErrors]

Like all hobbies, it boils down to what floats your boat.

IMHO as far as an "investment", the highest return on modern rolls seems to be unloading them as early as possible in the year they are produced. Search on eBay for a "SOLD" listing (2022 OBW rolls) for a comparison. People like to be the first to discover something each year that might be valuable. 2021 had the incredible Rim to rim die crack that we don't see on modern coins very often.
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Personally, I don't use Ebay to judge pricing. I go to Numismedia.com and I go for the Fair Market Value prices. It voids out the "egotestical" side of the house where prices are well over-inflated so people can claim they won.

But on a positive note, the more others disapprove of these modern "abominations", the more there will be for me to pick!

Yep and it is all about supply and demand.

Anyways, my answer was in response to the OP question. The added amplification was my personal stance on the zinc cents. As my late grandfather used to say "I f you ain't got anything good to say, don't say anything at all.". So I will politely bow out of this thread = ) .

[considine]

As my late grandfather used to say "I f you ain't got anything good to say, don't say anything at all."

Words of wisdom

[Petespockets55]

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Personally, I don't use Ebay to judge pricing. I go to Numismedia.com and I go for the Fair Market Value prices. It voids out the "egotestical" side of the house where prices are well over-inflated so people can claim they won....

Numista is a great resource as well but I find it lacking many values for different coins listed. It's hard to get guidance from no listed values. How does Numista come up with the Fair Market Value pricing? (Are those Fair Market Value numbers entered by what collectors say they have paid or are willing to pay? )

I don't sell on eBay but use it to get guidance on what the "real time" value of a coin might be with the Advanced Search feature. When the "Sold" filter is added to the search (third or fourth line down from the top of the page), actual "Sold For" pricing and dates. (This isn't the same as what a seller might want for a coin, but what it actually sold for.)

(If you want to really laugh at coin prices, look at Etsy.)

[MintErrors]

Numista is a great resource as well but I find it lacking many values for different coins listed. It's hard to get guidance from no listed values. How does Numista come up with the Fair Market Value pricing? (Are those Fair Market Value numbers entered by what collectors say they have paid or are willing to pay? )

I don't sell on eBay but use it to get guidance on what the "real time" value of a coin might be with the Advanced Search feature. When the "Sold" filter is added to the search (third or fourth line down from the top of the page), actual "Sold For" pricing and dates. (This isn't the same as what a seller might want for a coin, but what it actually sold for.)

(If you want to really laugh at coin prices, look at Etsy.)

Not my job to assume how they get pricing - THAT is a question that may remain unanswered as it applies to every source that offers pricing on coins in my opinion.

Again, I don't use Ebay for pricing - its simply too volitile.

I am staying focused on what the OP - original poster is concerned with, in this case, the 2017 rolls are listed in Numismedia.

Numista tends to do World Coins.

Enough said.

[Penny4URthoughts?]

For what its worth I think it all comes down to what you personally feel the coin is worth when buying for your collection. I mean would I pay a hundred grand for a Morgan dollar...absolutely not because I don't really collect them but on the other hand I would pay that for say a 43 copper lincoln cent. And places like etsy is why the market or buying coins is so up and down because you have people thinking they have a coin of significant value without taking into consideration about grade or that yea it may have been worth a lot more a few years ago but has gone down due to more hitting auction blocks. Go to offerup and look around what people are asking for some of their coins and it will blow your mind because there's no rhyme or reason as to why they are asking that price. But I actually enjoy hunting coins and love the excitement when finding different errors. Don't get me wrong I'd love to find something with significant value but I would prolly just end up keeping it and not selling it. But the reason I was asking what you guys thought was just to entice conversation and it never hurts to hear what fellow numismatists would do with coins they aren't sure what to do with. Thank you to all who post on these forums to help a novice like myself learn and grow in this wonderful hobby.

[Petespockets55]

For what its worth I think it all comes down to what you personally feel the coin is worth when buying for your collection. I mean would I pay a hundred grand for a Morgan dollar...absolutely not because I don't really collect them but on the other hand I would pay that for say a 43 copper lincoln cent. And places like etsy is why the market or buying coins is so up and down because you have people thinking they have a coin of significant value without taking into consideration about grade or that yea it may have been worth a lot more a few years ago but has gone down due to more hitting auction blocks. Go to offerup and look around what people are asking for some of their coins and it will blow your mind because there's no rhyme or reason as to why they are asking that price. But I actually enjoy hunting coins and love the excitement when finding different errors. Don't get me wrong I'd love to find something with significant value but I would prolly just end up keeping it and not selling it. But the reason I was asking what you guys thought was just to entice conversation and it never hurts to hear what fellow numismatists would do with coins they aren't sure what to do with. Thank you to all who post on these forums to help a novice like myself learn and grow in this wonderful hobby.

We were all in your shoes at one point, having just started out and I agree conversations are good because it does open up the thought process. Rolls are a good, inexpensive source for having fun and gaining knowledge with an occasional winner in the group.

And welcome to the group that saves instead of selling. Eventually, we will run out of room though.