What to do with Penny Rolls?
gmarguli
Posts: 2,225 ✭✭
Over the past 1-2 years I've searched thousands of Memorial Lincolns for high grade coins. I mean THOUSANDS. I've sold off most of the better date rolls, but I've still got several non-better date rolls left.
Most of the rolls left are 1959 P&D, 1960 P&D (large date), 1963-D, 1964 P&D, 1969 D&S, and a few more dates.
With the exception of the 1969 D&S, most of these aren't worth much more than face value. They're listed in the Greysheet as 65¢-85¢. Dealers don't seem to want them. There isn't much collector demand. Putting them on eBay isn't cost effective since the shipping costs too much.
What should I do with these? Put them into circulation? Any ideas?
Most of the rolls left are 1959 P&D, 1960 P&D (large date), 1963-D, 1964 P&D, 1969 D&S, and a few more dates.
With the exception of the 1969 D&S, most of these aren't worth much more than face value. They're listed in the Greysheet as 65¢-85¢. Dealers don't seem to want them. There isn't much collector demand. Putting them on eBay isn't cost effective since the shipping costs too much.
What should I do with these? Put them into circulation? Any ideas?
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Comments
The Lincoln cent store:
http://www.lincolncent.com
My numismatic art work:
http://www.cdaughtrey.com
USAF veteran, 1986-1996 :: support our troops - the American way.
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
"Senorita HepKitty"
"I want a real cool Kitty from Hepcat City, to stay in step with me" - Bill Carter
Ray
Realistically, I am a buyer of ALL Lincoln cent dates in BU rolls. I have specific dates that I need more than others, but I will buy anything as long as it's uncirculated, uncleaned, decent coins. No half-carbon, half-brassy white dipped, polished rolls....other than that, I'm really not picky, and I don't need ultra high-grade coins. Pick those out for yourself. What I'll find in the remainders will make profit enough.
Come one, come all. If ya got'em, get'em out and let me know what ya want for 'em.
Remember me, the guy who was wondering if his car would carry $1000 in cents? LOL!
The Lincoln cent store:
http://www.lincolncent.com
My numismatic art work:
http://www.cdaughtrey.com
USAF veteran, 1986-1996 :: support our troops - the American way.
I guess I shouldn't tell you about the original BOX of them I searched for a dealer a few months back. I was the first person to see the coins since they were rolled (minted?)
<< <i>I guess I shouldn't tell you about the original BOX of them I searched for a dealer a few months back. I was the first person to see the coins since they were rolled (minted?) >>
GASP!
I'm feeling light headed and dizzy..... Everything is spinnin...... Who lowered the lights?.....................................
.............
"Senorita HepKitty"
"I want a real cool Kitty from Hepcat City, to stay in step with me" - Bill Carter
"Senorita HepKitty"
"I want a real cool Kitty from Hepcat City, to stay in step with me" - Bill Carter
No good deed will go unpunished.
Free Money Search
<< <i>He needs to be locked in a room full of Franklins for 1 week! >>
and ruin all those frankies?
<< <i>Copper I might have a deal for you. Let me get through the Holidays. You had better start saving your postage Money...LOL >>
Pop me an e-mail when you're ready - I'm always interested in hearing about more cent rolls!
The Lincoln cent store:
http://www.lincolncent.com
My numismatic art work:
http://www.cdaughtrey.com
USAF veteran, 1986-1996 :: support our troops - the American way.
Idea is ofcourse they are more or less pure metal,non-clad anyway,and maybe worth more in weight than 1c.Or collecting lots of filler-coins for some future Lincoln sets.After 2009 Lincoln may not even be on a cent,if they,re stll around after that.
As for saving them, well, that too has some drawbacks. They have the highest mintage figures of any coin in history and are still abundantly available in mint bags back to the 1960s and in uncirculated rolls back to the 1940s. Saving the circulated ones out of change is more or less like scooping the ocean into your pocket with a teaspoon. Jut a bit counterproductive.
So I tell you what...you send those coppers to me and I'll save you the trouble of spending 10 cents a coin to store them until they are worth five cents a coin - in 2105. Deal??
The Lincoln cent store:
http://www.lincolncent.com
My numismatic art work:
http://www.cdaughtrey.com
USAF veteran, 1986-1996 :: support our troops - the American way.
gmarguli sent me a BU bag of 1969-S cents a while back. Thank goodness he saved my eyes by admitting he searched all of them for DDO's. But he forgot to pull out the MS-67's. I got 20 of them slabbed.
One of these days those Maine cents are going to be collector's items just because of their age. At least they found their way out of your trunk. Maybe you should put them back in there so the coins will eventually make their way here...LOL!
BTW, I found the box I had sorted away the rolls you sent to me a few years ago...each one with "NYC" written on them. I made it through fewer than a half dozen of them before my attention was directed elsewhere, and I never got back to them.
The Lincoln cent store:
http://www.lincolncent.com
My numismatic art work:
http://www.cdaughtrey.com
USAF veteran, 1986-1996 :: support our troops - the American way.
Only 20? Actually, out of appx 2 bags (10,000 coins) I found a grand total of ONE coin that slabbed MS67. Sold it to a fellow forum member. I got a couple of ones that slabbed MS66, but only that one MS67.
Lucy,
I see original rolls of Franklins all the time on Ebay.Auction link
Russ,
Here are 2 for you: Auction Link
Link2
lol ya.I pretty much know that too.Its just the coin scavenger`in me.
My other thought on what to do with all these dumb pennys is to melt them all down and cast a small statue
of the Venus De Milo or something.