Too many Wheat Cents so now what?
carl
Posts: 2,054 ✭
After looking at ebay for Lincoln cents over the years I noticed how many people are selling wheat cents. My son bought me a pile or two for presents. I decided to see just how many I have and was surprized to find about 1,500 or so just in the 50's, many more in the 40's, not so many in the 30's and naturally less in the 20's and teens. So just for the fun of it I checked with a few dealers I know to see if they would like to buy any. NO, NO, NO was the answer. Everyone has an abundance. By the quantity of the ones in the 50's they won't be worth anything for a few hundred years and I don't want to wait that long. I don't know any kids in the neighborhood that collects coins. They are to heavy to send to anyone via mail. I would feel bad just dumping them at a bank into one of their coin counter machines. Selling them to a metal recycle place would get me more than a cent each but they would be melted down. So here is my question: Anyone know what to do with all those excess coins? I am not an ebay person so that's out until I learn how to use it. Condition coins are from good to almost uncirc.
Carl
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Comments
Aerospace Structures Engineer
Have a Great Day!
Louis
Tyler
Tom
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
Plenty of folks out there still check their pocket change.
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.
If you have die varieties of value, I can find them homes and make you happy. Just contact me.
Dealers are the wrong people to talk to about them. They don't have time to deal with them because they have a lot of other things on their minds. You need a specialist dealer to take them and find them a good home.
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.
Looks like i need to get this book and check for some of these varieties.
Jeff
or should I say I ACCUMULATE!
I also dabble with the darkside
Ive recently gotten more into currency, especially modern star notes
Tom
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
I currently have two large tool boxes full of 'em that I picked-up at estate auctions in OLD paper rolls that are disintegrating.
Jim
<< <i>If there is sequal, do I get a previous owners discount? >>
The sequel is the second edition of the book, at the presses now. It is being handled by a publisher so I have no control over its price.
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.
Hey Jim in Berwyn, maybe I'll hold on to them until the weather is better and make the long trip to Berwyn and sell them to you for price you can't refuse.
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>Believe it or not, I don't have any Wheaties laying around Yes, I have some slabbed ones and a few in 2X2's but I am a collector without a hoard or somesort of Lincoln cents... Maybe I should buy a bag just to have them Can you believe I'm a Lincoln collector?
>>
MrPaseo:
Check out my Unsearched Lincoln Cents on eBay. I'm sure you'll be delighted!
Apostle Saint Dennis
eMail
SmartEnterprises: The Phoenix!
Log on to: Church Of The Holy Ghost
<< <i>Carl - I am the guy who wrote that book.
If you have die varieties of value, I can find them homes and make you happy. Just contact me.
Dealers are the wrong people to talk to about them. They don't have time to deal with them because they have a lot of other things on their minds. You need a specialist dealer to take them and find them a good home. >>
CopperCoins:
I'm advertising your book in my eBay auction site. I hope you don't mind the free advertising!
If my wheat cents sell, I'll buy your book and I want an autographed copy! It's always a pleasure to talk to an author.
Apostle Saint Dennis
eMail
SmartEnterprises: The Phoenix!
Log on to: Church Of The Holy Ghost
... "Fascinating, but not logical"
"Live long and prosper"
My "How I Started" columns
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
<< <i> I don't know any kids in the neighborhood that collects coins. They are to heavy to send to anyone via mail... Condition coins are from good to almost uncirc. >>
<< <i>Does any body know how many cents are in a pound? >>
<< <i>I had it figured at 146 when I used to buy bulk circ wheats. 454 grams in a pound, 3.1 grams per cent. >>
So, if my calculations are correct, 3 pounds in a USPS priority mailer would be pretty close to face cost? Say if a YN would want to pay the shipping on them?
<< <i>Say if a YN would want to pay the shipping on them? >>
Thanks Dad, but I already have all the 50's!
... "Fascinating, but not logical"
"Live long and prosper"
My "How I Started" columns
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
<< <i>
Thanks Dad, but I already have all the 50's! >>
Ooops!
I frankly think it's unfortunate that the general mindset is to save and hoard *all* obsolete type regardless of value or potential value. It makes our change very boring, and it means we're saving billions of coins for which supply will surely always exceed demand by a country mile. I think back to previous times, when designs stayed in circulation, often for decades, after it was no longer minted. How much more interesting change must have been back then.
<< <i>Does any body know how many cents are in a pound? >>
There are 150 pennies per pound. 3 rolls weighs 1 pound. There are 75 pennies to a half pound. (76 in my Unsearched Lincoln Wheat Cent 1/2 pound bags @ 8.1 oz.)
Apostle Saint Dennis
eMail
SmartEnterprises: The Phoenix!
Log on to: Church Of The Holy Ghost
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
Hell, I don't need to exercise.....I get enough just pushing my luck.
<< <i>Sell me your unsearched wheaties!!!!! My kids are really into them now. >>
I've got some rolls of mixed 50's for 99¢ each if your interested. Just check out the auction site, below.
Apostle Saint Dennis
eMail
SmartEnterprises: The Phoenix!
Log on to: Church Of The Holy Ghost
<< <i>If you have a question for God to answer, send me an email and I will present the question to God. I am Heaven's Spokesman and God has a monitor on me so it is a simple matter to put your question through. >>
-email sent.
<< <i>I don't think a typical circulated 1956-D cent will ever be worth much more than 5 cents -- if that -- in my lifetime. >>
That's where you're unfortunately very incorrect. There are a number of valuable die varieties in the 1956D cent issue that don't take a brain surgeon to find. I find them occasionally in other people's refuse as "common" coins. If you know enough to look into what's out there, you'll be suprised to find out just what some of these "common" coins are selling for. I have a number of cases where I have found coins worth $20-$100 each in "common" two-cent wheaties.
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.
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
<< <i>Carl, you said wheat cents. 3.1 grams. Do the math. And I think we'll just let anyone answer it, OK? >>
Screw the math, use a Postal Scale!
Apostle Saint Dennis
eMail
SmartEnterprises: The Phoenix!
Log on to: Church Of The Holy Ghost
I just popped in to my local coin dealer last week and he had another dealer in there at the time. They were talking about how the market is tightening up on raw lots of Cents.
The consensus was that they are getting more difficult to locate.
Believe me, I felt like I just dropped in from a trip to Mars or something. I asked the Dealer if he wanted my spares and he said, yes, he's buying.
2 1/2 cents per wheat.
I ran home and brought my extras in and unloaded 832 coins!
I don't know....maybe its one of those rare times when a person is in the right spot. I wish I has 8000 to unload.
Pete