Finding I finished Volume I of the Lincoln Cent collection After 66 years in the Wild: A Cherry Picker’s Guide

Historical Significance

The quest to complete a Lincoln Cent collection spanning nearly seven decades is a testament to the enduring allure of coin collecting. Beginning in 1959 with a simple gift of the Red Book and Whitman holders, this collector’s journey mirrors the experiences of countless enthusiasts who have found joy in the pursuit of numismatic treasures. The 1922 Plain Lincoln Cent, in particular, stands out as a fascinating piece of American monetary history.

The Pittman Act Connection

The story of the 1922 Plain cent is intrinsically linked to the Pittman Act of 1918. This legislation, born out of World War I necessities, required the melting of over 270 million silver dollars to support British efforts in India. The act’s dual purpose of aiding an ally while subsidizing the American silver mining industry created unexpected ripple effects in coin production across denominations.

Denver’s Die Dilemma

The strain on the minting system caused by the Pittman Act’s requirements led to an unusual situation in 1922. For only the second time in its history, the Philadelphia Mint did not strike any cents that year. Denver became the sole producer of Lincoln Cents, but faced a critical shortage of dies. This scarcity forced the use of heavily worn dies, resulting in the creation of the four known 1922 Plain cent varieties and the occasional “broken D” coins that still surface today.

Identifying Key Markers

For the astute roll hunter or cherry picker, recognizing the subtle differences in 1922 cents can lead to significant finds. The 1922 Plain, lacking the Denver mint mark, is the most sought-after variety. However, understanding the nuances of the other varieties is crucial for accurate identification.

The Four Varieties of 1922 Plain

• Die Pair 1: Strong reverse, weak obverse
• Die Pair 2: Strong reverse, very weak obverse
• Die Pair 3: Strong reverse, no trace of D
• Die Pair 4: Strong reverse, weak D visible

Key Features to Examine

When searching through rolls or bulk lots, pay close attention to the following:

• The presence or absence of the mint mark
• The strength of the reverse design
• The condition of the obverse, particularly around the date and motto
• Any signs of die polishing or wear

Value Guide

The value of a 1922 Plain cent can vary significantly based on its grade and variety. Here’s a general guide to help you assess potential finds:

Grade Breakdown

EF-45 to AU-50 is the “threshold grade” for the 1922 Plain. After that, prices increase substantially. Given the typical condition of these coins, moving beyond AU-50 often doesn’t provide significant additional value for the investment.

Estimated Values

• Good (G-4): $600 – $700
• Fine (F-12): $900 – $1,100
• Extremely Fine (EF-40): $1,500 – $1,800
• About Uncirculated (AU-50): $2,500 – $3,000
• Uncirculated (MS-60): $5,000 – $6,000

Circulation Finds and Bulk Lots

The thrill of finding a valuable coin in circulation or a bulk lot cannot be overstated. While the chances of discovering a 1922 Plain cent in modern pocket change are slim, it’s not impossible. Estate sales and coin shop junk boxes remain fertile ground for the patient collector.

Tips for Successful Hunting

• Develop a keen eye for detail through practice
• Always check the date and mint mark on cents from the 1920s
• Don’t overlook circulated coins; many valuable varieties exist in lower grades
• Build relationships with local dealers who may tip you off to promising bulk purchases

Bulk Lot Strategy

When purchasing large quantities of cents, consider the following approach:

1. Sort by decade to focus your search
2. Examine each coin under good lighting with magnification
3. Keep a checklist of key dates and varieties to look for
4. Be prepared to invest time; thorough searching often yields the best results

Conclusion

The completion of a Lincoln Cent collection after 66 years is a remarkable achievement that speaks to the enduring passion of coin collecting. The 1922 Plain cent, with its unique place in numismatic history, serves as a fitting capstone to such a collection. For the roll hunter and cherry picker, the search for these elusive treasures continues, driven by the possibility of uncovering a piece of history in the most unexpected places. Whether found in circulation, a bulk lot, or an estate sale, each discovery adds to the rich tapestry of the hobby, connecting us to the past and to the countless collectors who have shared in this timeless pursuit.

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