I remember this thread...... When I got to 130,000 pieces years ago, I though that was a lot..... Sold them to a friend who picked them up in a Ford escort. You should have seen that chassis sparking as it drove down the street....
It's funny, I probably have around 400 rolls of circulated / UNC wheat cents all told, so 20K pieces, which didn't seem like a lot... until I had to move them all in the dead of winter this past February. About 5K of those are a very well mixed mini-hoard with lots of early dates and mintmarks, some rainy weekend I want to sit my 8 year old boys down with a couple of Whitman albums and see if I can hook them on the hunt.
Sean Reynolds
Incomplete planchets wanted, especially Lincoln Cents & type coins.
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
The hoarder of those barrels of wheat cents has an awesome opportunity for introducing kids to collecting coins. For example, he could contact the local Cub Scout troops and do a program on coin collecting for them, then bring in some buckets of wheat cents and have them go through them to fill folders. Hoarding all those wheat cents is a disease if they just sit their accumulating, but if he can use them in some small way to promote coin collecting, then his disease is healed.
This is amazing and insane.
My main concern over structural integrity of the cans (I have ice cream buckets of pennies and nickels that give way after 2 years) however the verdigris/rust that can spread thru out all the coins when they are clumped together like this. This is a case of one bad apple can spoil the bunch.
However good for you if this makes you happy, personally myself I would have spent the $20k on coin silver or bullion silver (No verdrigris or rust on bullion.).
That's almost 13 thousand pounds of copper. WOW. @ $2.20 PP that's almost $30,000 for scrap price alone. or double that if you sell them for $.03 a piece. That a lota cents....
Good to see this old thread again..... I wonder what the status of those cents/barrels is now.... The original poster has not been on the forum for over a year.... Would be nice to know if the hoard is still intact. Cheers, RickO
The point is saving them as an investment. with the price of copper going up, most of the copper cents will be out of circulation very soon and I expect the premium for the wheat cents to go up!!!
Keith
Are these the same people who say silver will go to $200 oz?
WHAT THE HECK!!!!!!! WOW!!!!!!! You REALLY have a hoard!
I hope you not in Florida... Something down here ages plastic terribly it turns hard and brittle and next thing bingo it just falls apart.. that would be quite the mess to clean up if those barrels decide to give up the ghost.
Bob
Past transactions with: Lordmarcovan, WTCG, YogiBerraFan, Phoenin21, LindeDad, Coll3ctor, blue594, robkoll, Mike Dixon, BloodMan, Flakthat and others.
Was it ever explained why this person accumalted this large quantity and trying to sell them at some point in time would be very time consuming an not very profitable as well!
@giantsfan20 said:
Was it ever explained why this person accumalted this large quantity and trying to sell them at some point in time would be very time consuming an not very profitable as well!
Some times it's not why but If I can do it. Looks like he did a good doing it.
Wowsers! Crazy and cool. I'm just going to assume your source already culled the key dates, VDBs etc.
RE the copper value: someone above asked a good question: 59-81 are also the same copper composition and are worth just as much for melt. Why the Wheaties? Or is it just "because"?
Comments
My Adolph A. Weinman signature
<< <i>.. I hate wheats! >>
Why?
W...
When I got to 130,000 pieces years ago, I though that was a lot.....
Sold them to a friend who picked them up in a Ford escort. You should have seen that chassis sparking as it drove down the street....
Sean Reynolds
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore...
Is this a play on copper?
It reminded me of seeing a flag on the back wall of pqcoin in Minneapolis made entirely of Lincolns.
JMHO
Too many positive BST transactions with too many members to list.
This is amazing and insane.
My main concern over structural integrity of the cans (I have ice cream buckets of pennies and nickels that give way after 2 years) however the verdigris/rust that can spread thru out all the coins when they are clumped together like this. This is a case of one bad apple can spoil the bunch.
However good for you if this makes you happy, personally myself I would have spent the $20k on coin silver or bullion silver (No verdrigris or rust on bullion.).
all around collector of many fine things
LOL, I fell kinda dumb with my 5 gallon bucket now, though I did collect them mostly on my own
since high school.
Never seen anything like that though!
I bet you don't have any 1943's.
That's almost 13 thousand pounds of copper. WOW. @ $2.20 PP that's almost $30,000 for scrap price alone. or double that if you sell them for $.03 a piece. That a lota cents....
eBay ID-bruceshort978
Successful BST:here and ATS, bumanchu, wdrob, hashtag, KeeNoooo, mikej61, Yonico, Meltdown, BAJJERFAN, Excaliber, lordmarcovan, cucamongacoin, robkool, bradyc, tonedcointrader, mumu, Windycity, astrotrain, tizofthe, overdate, rwyarmch, mkman123, Timbuk3,GBurger717, airplanenut, coinkid855 ,illini420, michaeldixon, Weiss, Morpheus, Deepcoin, Collectorcoins, AUandAG, D.Schwager.
Good to see this old thread again..... I wonder what the status of those cents/barrels is now.... The original poster has not been on the forum for over a year.... Would be nice to know if the hoard is still intact. Cheers, RickO
See if a tag brings him out of hiding @compromonedas
Unfortunately @compromonedas is no longer with us ....
Crushed by an avalanche of pennies
all around collector of many fine things
Wow. Just wow.
"Poof" went David Copperfield.
would love an update!!! great story!!!!
The good thing about this investment is you don't have to worry about any theft happening.
No one is going to lift those bins and take them away, so you don't have to hide them.
Might as well keep those bins in your living room!
I'm impressed!!
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
Are these the same people who say silver will go to $200 oz?
One of the best threads ever...and I mean EVER!
Keith, if you're out there, kudos to you mate! It's awesome to see someone march to the beat of their own drummer!
Smitten with DBLCs.
I sure would love to here from him again
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb
Bad transactions with : nobody to date
I hope you not in Florida... Something down here ages plastic terribly it turns hard and brittle and next thing bingo it just falls apart.. that would be quite the mess to clean up if those barrels decide to give up the ghost.
Bob
Lordmarcovan, WTCG, YogiBerraFan, Phoenin21, LindeDad, Coll3ctor, blue594, robkoll, Mike Dixon, BloodMan, Flakthat and others.
Wow. If stacked, they would be 1.88 miles high. I admire someone who takes it to the next level, whatever "it" is.
LIBERTY SEATED DIMES WITH MAJOR VARIETIES CIRCULATION STRIKES (1837-1891) digital album
You need the cherrypicker’s guide to sanity.
Hopefully he's not in the line of fire in southern Cal. or any where.
I have always loved this thread, there is no way that anyone can top it (I think).
Enough cents to blanket a standard basket ball court with four cents on top of each other.
peacockcoins
If he is in the line of fire...................should he save the car or the cents ?
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb
Bad transactions with : nobody to date
You could put those wheat cents in the trunk of a Cadillac and do wheel stands
I bet they are not all Wheaties.
Likely less a few Canadian small cents ...
Where is @compromonedas ?
Was it ever explained why this person accumalted this large quantity and trying to sell them at some point in time would be very time consuming an not very profitable as well!
I loved this thread when 'he' was actively posting
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb
Bad transactions with : nobody to date
Died of copper poisoning.
Perhaps the weight of the cents was finally enough to open up a large sinkhole beneath the garage ?
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb
Bad transactions with : nobody to date
Some times it's not why but If I can do it. Looks like he did a good doing it.
Hoard the keys.
Wowsers! Crazy and cool. I'm just going to assume your source already culled the key dates, VDBs etc.
RE the copper value: someone above asked a good question: 59-81 are also the same copper composition and are worth just as much for melt. Why the Wheaties? Or is it just "because"?
May not be the most valuable collection, but I'll bet you have the most coins.