10 Tips for Starting a Lincoln Cent Collection

Coin collecting is a fascinating hobby that has intrigued collectors for centuries. Among the vast world of numismatics, one of the most popular and accessible collections is that of the Lincoln Cent. First issued in 1909 to honor President Abraham Lincoln, this small copper coin has gone through many changes in its design and composition over the years. Whether you're a beginner or a seasoned collector, starting a Lincoln Cent collection offers an exciting opportunity to learn about American history, coinage, and the fascinating evolution of currency.

In this article, we'll explore ten essential tips for starting a Lincoln Cent collection. These tips will help you build a well-rounded, valuable collection while enjoying the journey and learning more about this iconic coin.

Learn About the History of Lincoln Cents

The first step in any coin collection is understanding the history behind the coins you're collecting. The Lincoln Cent was first introduced in 1909 to commemorate the 100th anniversary of President Lincoln's birth. It was designed by Victor David Brenner, featuring a profile of Lincoln on the obverse (front) and two wheat ears on the reverse (back). This design remained unchanged for several decades, until it was replaced by the Lincoln Memorial design in 1959 and eventually the Shield design in 2010.

By understanding the historical context of these coins, you'll gain a deeper appreciation for your collection. Learn about the different types of Lincoln Cents, such as the wheat-back cents, steel cents, and bronze cents, as well as the various key dates and rare varieties.

Set a Budget and Be Realistic

Before diving into the world of coin collecting, it's crucial to set a realistic budget. Lincoln Cent collections can range from very affordable coins to rare specimens that cost thousands of dollars. Your budget will dictate the scope of your collection, and it's important to determine how much you're willing to spend.

Start by considering the following:

• What is your maximum spending limit?
• Are you interested in completing a specific set, such as the full set of Wheat Cents or a modern Lincoln series?
• Do you want to focus on uncirculated coins, or are you okay with collecting circulated coins?

You don't have to spend a lot to get started. Many early Lincoln Cents can be found for just a few dollars, while key dates and uncirculated coins will be more expensive. By setting a budget, you can enjoy the hobby without overspending.

Understand the Different Types of Lincoln Cents

The Lincoln Cent has gone through several design changes over the years. Understanding these different types will help you know what to look for when building your collection.

Early Design (1909-1958): The Wheat Cent

The first design, known as the Wheat Cent, featured two ears of wheat on the reverse and was produced until 1958. These coins are highly collectible, and many can be found in various grades, ranging from well-worn to mint-state.

The Memorial Design (1959-2008)

In 1959, the reverse of the Lincoln Cent was redesigned to feature the Lincoln Memorial. This design continued until 2008 when the cent began to include a series of reverse designs celebrating Lincoln's life and legacy.

The Shield Design (2010-Present)

Introduced in 2010, the Shield design marks the most recent change in the Lincoln Cent. The reverse features a shield with 13 vertical stripes, representing the original 13 colonies.

Each of these designs has its own unique appeal, and many collectors focus on a specific era, such as the Wheat Cents or the Memorial design.

Research Key Dates and Rare Varieties

As with any type of coin collection, certain Lincoln Cents are more valuable than others due to their rarity or unique features. Key dates and varieties are crucial for any serious Lincoln Cent collector. Here are some notable key dates to keep an eye on:

• 1909-S VDB: This is one of the most famous and sought-after Lincoln Cents. Only a small number of these coins were minted, and they feature the designer's initials "VDB" (for Victor David Brenner) on the reverse. This coin is highly valuable, particularly in higher grades.
• 1922 No D: A famous error coin where the "D" mintmark is missing from the reverse of a 1922 Lincoln Cent. This coin is extremely rare and valuable.
• 1931-S: Another key date with a lower mintage, the 1931-S Lincoln Cent is a must-have for any serious collector of Wheat Cents.
• 1955 Double Die Obverse: A variety where the obverse features a noticeable doubling in the inscription "In God We Trust." This coin is highly collectible and can command a premium, especially in higher grades.

Make sure to familiarize yourself with these and other key dates, as well as any special varieties that may appear in your collection.

Buy from Reputable Dealers

To ensure the authenticity and quality of the coins you purchase, it's essential to buy from reputable dealers or sources. While there are many places to find Lincoln Cents, including online auction sites, local coin shops, and private sellers, buying from trusted sources will help you avoid counterfeit or altered coins.

Look for dealers who are members of professional organizations, such as:

• American Numismatic Association (ANA)
• Professional Numismatists Guild (PNG)
• American Numismatic Society (ANS)

These organizations have strict guidelines and codes of ethics to ensure that their members deal in authentic and high-quality coins.

Start with a Basic Set and Expand Over Time

When starting your Lincoln Cent collection, it's a good idea to begin with a basic set. Many collectors start by gathering all the coins from one design type, such as the complete set of Wheat Cents or the Memorial series. You can expand this set over time by upgrading your coins to higher grades, adding rare varieties, or collecting from different mints.

For example, you could aim to collect:

• A full set of Wheat Cents (1909-1958), or
• A set of Lincoln Memorial Cents (1959-2008).

As you grow your collection, consider branching out into more specific areas, such as collecting rare varieties, graded coins, or key dates.

Use Proper Storage and Handling Techniques

Proper storage and handling are essential to preserving the value and condition of your Lincoln Cent collection. Coins should be stored in a way that prevents damage from environmental factors, such as humidity, heat, and light. Some key tips include:

• Use acid-free holders: Store your coins in protective holders, such as 2x2 holders, air-tight capsules, or folders designed for coin storage. Avoid using PVC (polyvinyl chloride) holders, as they can cause coins to tarnish or become damaged.
• Avoid touching the coins: Handle coins by the edges, as oils and dirt from your fingers can damage the surface of the coin.
• Store in a cool, dry place: Keep your collection in a stable environment with low humidity and moderate temperature to prevent corrosion or tarnishing.

Investing in proper storage techniques will help ensure that your collection retains its value over time.

Grade Your Coins

Coin grading is the process of evaluating the condition of a coin based on its wear, scratches, and other factors. Lincoln Cent collectors often seek high-grade coins because they are more valuable and visually appealing. The most commonly used grading system is the Sheldon Scale , which ranges from Poor (P-1) to Perfect Mint State (MS-70).

Common grades for Lincoln Cents include:

• Good (G): The coin is heavily worn, but the date and major features are still visible.
• Fine (F): The coin is worn, but more details can be seen.
• Very Fine (VF): The coin has light wear, with most details visible.
• Mint State (MS): The coin is in uncirculated condition with no signs of wear.

If you're serious about collecting, consider sending valuable coins to a professional grading service, such as Professional Coin Grading Service (PCGS) or Numismatic Guaranty Corporation (NGC), for certification.

Join a Coin Collecting Community

One of the most enjoyable aspects of coin collecting is connecting with others who share the same passion. Joining a coin collecting community can provide valuable insights, advice, and even opportunities to buy or trade coins with fellow collectors.

Consider joining local coin clubs, attending coin shows, or participating in online forums dedicated to numismatics. These communities often provide valuable resources, such as newsletters, educational materials, and expert opinions that can help you build your collection.

Be Patient and Enjoy the Process

Finally, remember that coin collecting is a hobby that requires patience and dedication. It's easy to get caught up in the excitement of acquiring new coins, but it's essential to enjoy the journey. Over time, your collection will grow, and you'll gain a deeper understanding of the history, artistry, and value of each coin.

Take your time to research, learn, and appreciate each Lincoln Cent you add to your collection. Coin collecting is about the experience, not just the end result.

Conclusion

Starting a Lincoln Cent collection is a rewarding and educational pursuit that allows you to connect with American history while enjoying the thrill of discovering rare and valuable coins. By following the tips outlined in this article, you can begin your journey into the world of numismatics with confidence and enthusiasm. Whether you're collecting for fun, investment, or historical appreciation, the world of Lincoln Cents offers endless possibilities for discovery and growth. Happy collecting!

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