What will happen ito those 100s of thousands of 2x2s holding non PM low grade cents and nickels??

2manycoins2fewfunds

We have all seen them........those long trays of countless 2x2s holders with well worn cents and nickels.

Other than for use in jewelry what real value does a poor grade Indian head cent or dateless buffalo nickel hold??

We would all be better off in the long term if these and the billions of similar wheal cents were returned to circulation in the hope of sparking a young childs interest.

I hate to say it but they are likely held simply because we are greedy and believe that one cent is worth 2 or that nickel is worth 10.

As we age and more and more long time BMs die these trays are being dumped on the remaining hoarders who hope for what??................That todays kids will abandon their cell phones, trail bikes, 500 channel TVs and start trying to fill an indian head cent or buffalo nickel album??

I say put them back into circulation in the hope of sparking a childs interest or at least putting a smile on his grandfathers face.

TonerGuy

Then the guys that take over a dealers table with 4 different books and pads of Want Lists would have no place to sit and spread out and go through those thousands of coins. Coin shows would be like ghost towns with the 10 people who could afford to only collected slabbed coins.

And that guy's grandchild will never see his worn IHC collection and think when he gets older he's going to build the #1 registry set of PCGS only MS66RD IHCs.

Everything has its place...

Elcontador

At the last Long Beach Show, a dealer had buckets of circulated Large Cents for sale, ranging in cost from $15 to $25, and grades were fair for the older ones to VF for the newer ones. I thought that was a great idea to get YNs into the hobby.

boyernumismatics

Well, poors are a whole different convo, but I'll hit the point that common date, AG-VF lincoln cents, buffaloes, and even v nicks, etc should be returned to circulation.

Cougar1978

They will go into Dealer junk boxes at shows like what I do. Sometimes the JB sales are actually better than slabbed coin sales. When the JB sales pay my show expenses puts a smile on my face. The main thing is police the JB to guard against thieves and pickers (taking up too much time) neither of which I want at my table - just retail buyers.

Another option is the Whitman blue plastic storage boxes which can be locked up in my case. And then can be shown to interested parties who are serious retail buyers. My preferred is 2 bourse trays of raw coins in the glass display case (varying from $10 to $50), 28 per tray, then fill as they sell. This way the raw coin process is under control and no coins in their hands unless someone looking at to possibly buy. Many times I would just do tally sheet and have them pay cash money at every $100 assuming it goes higher than that. I do not want them blocking my cases denying sales of CRC.

1630Boston

Interesting thoughts on both sides

Tibor

YN's to my knowledge rarely if ever search rolls of coins from the
bank. The only ones to benefit from returning low grade cents and
nickels would be the post 45 in age that do it now. Shame they can't
be melted which would be their only true worth. Too many distractions
for todays youth.

davewesen

they will be sold in an auction as one lot with xxx boxes of 2x2's with cents and nickels

topstuf

There don't exist enough 2x2s nor do the factories have the capacity to ....manufacture..... enough to accommodate the coins that NO ONE is gonna buy.
Having trays of 2x2'ed coins at a show just tells me that a dealer just pays table fees for a social outlet.

MorganMan94

@topstuf said:
There don't exist enough 2x2s nor do the factories have the capacity to ....manufacture..... enough to accommodate the coins that NO ONE is gonna buy.
Having trays of 2x2'ed coins at a show just tells me that a dealer just pays table fees for a social outlet.

Truer words have never been spoken. It reaffirms that thought when you do approach and view the prices on average to below average coins.

Wabbit2313

@TonerGuy said:

Coin shows would be like ghost towns with the 10 people who could afford to only collected slabbed coins.

10 people?

topstuf

IF you can find a PRICED 2x2.
Ink has a half life, you know.
Pencil is just carbon, but it get too old to be carbon dated.

You can always ASK the price.
That's fun.
They look at their wife, then back at you and if you are STILL standing there, they'll search for the grey sheet.
Maybe

claychaser

I still wonder where are all the BAGS of wheat cents that are traded actually go. I chuck all of them that come my way and plan on selling them when I get a flat rate box full to ship. The common date culls get tossed into my copper jar.

For acid date of one-sided damaged buffaloes, I still want to make a bar top out of nickels. Of course, I wanted to do that for about 10 years or so. At least it's a cool retirement to a well designed classic coin!

ms70

An Indian Head or Buffalo dump would be pretty interesting.

What if PCGS or the ANA sponsored something like this and got a bunch of dealers together? Maybe free advertising for a year on their websites or something like that.

Cameonut

When I was a kid, TV pretty much sucked. ABC, CBS, NBC, and the PBS station. Much in black & white with a few in color. Many people didn't have four channels. (and those 4 channels still suck as far as I am concerned). I preferred to play outside as long as the snow was less than 3 feet deep.

I remember spending many nights looking thru parking meter change from the Racine, Wisconsin meters. All to fill my (and neighbor kids' blue Whitman folders. We had a good time and celebrated when we found something that filled a hole. All pocket change - cents and nickels (I do not remember seeing any dimes in that era).

I can understand that kids have way more options these days than us "old timers". But I'll still take my childhood over what is being offered these days.

Cameonut

Forgot to add.
I've been as generous as I can in donating less expensive coins in 2x2's to YN programs. If we don't get them energized, who will buy our collections?

DBSTrader2

They could always send them to ME! ;-) I used to look forward to sifting thru junk boxes at the monthly show until 3 things happened....... (1) less & less said JB's at any shows, (2) couldn't get close enough to the tables to look, due to the narrow, jammed aisles & people who won't budge to get out of one's way or make room at a table, and (3) my eye problems got to the point where it's just no fun anymore. The last one hurts the most. :-(

COINS MAKE CENTS

Not everyone has alot of money in this hobby. Some dealers who have the lower grade buffalo nickels, v nickels, or indian head or wheat cents do it for there customers. Not everyone wants or can afford a pcgs ms65+ with a gold cac sticker that the bought in heritage auction. Some simply can't afford that. People should be happy y'ns come to shows looking for these coins to buy. Between school and after school activities and modern technology I don't see to many kids having time to roll search. So that's what will happen to the boxes and boxes of worn coins they will be sold to people who want there collection to have worn coins maybe not cause that's what they want but what the can afford or shoot maybe they like the look of a coin with some history

Azurescens

My grandfather's worn buffalo, jefferson, Indian and wheats are all in their original 2x2s, sitting in a closet slowly being funneled to my nephew. He likes them!

If anyone wants to spur interest at coin shows for YN's, could always throw some Indian cents with some wheats and let kids sort through the bags while looking for another "key date" to win an MS slabbed one or something. First one to find the xyz wins a b and c, or first person to fill a wheat or memorial book wins a silver dollar and keeps the book. Cheapest babysitting ever!

ricko

It would be sad to see the 2x2 trays and junk boxes disappear.....I used to stop and check them occasionally... especially if they were in date sequence.. then I could quickly check for a few favored dates...I was never expecting a treasure... just looking for some old coins... GrandMa's birth year etc., a coin for a nephew who had some interest (prior to discovering girls), and sometimes just out of curiosity. To me, those old trays and boxes are part of the coin show allure. Cheers, RickO