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Does anybody know what a 1964 $50 Mint sewn penny bag is worth?

I picked up one at a shop and it says US MINT PHILADELPHIA $50 CENTS (to that effect). Are these worth anything over face or scrap?

Comments

  • jonathanbjonathanb Posts: 3,717 ✭✭✭✭✭
    I haven't looked at prices since before the big increase in spot prices, but if it's really an original mint-sewn bag, I'd expect it to sell for over $150 easy, with a shot at $250+. Mint-sewn bags from the 70s and later are much more common than one from 1964.

    FWIW, I sold an opened bag of 1960-LD cents on eBay in January. It brought $137.51. You can probably check recent sales and find others.

    jonathan
  • Thanks for the reply. It is an original unopened bag, that much I know. I paid just over face ($60) for it so I figured I couldn't go wrong? The thing is heavy to carry I will say that much lol. It's cool because it's not something you see everyday. If anybody has any recent pricing info please chime in!
  • joefrojoefro Posts: 1,872 ✭✭
    Pretty much any mint sealed coinage sells for over face on eBay, IMO. I could see a bag like the one you are describing selling for between $100 and $150, but it could go higher. S&H is probably going to be about $20 or so on that thing. A $25 reserve box costs about $12 to ship.
    Lincoln Cent & Libertad Collector
  • orevilleoreville Posts: 12,117 ✭✭✭✭✭


    << <i>A $25 reserve box costs about $12 to ship. >>



    What is a $25 reserve box?

    Thanks!
    A Collectors Universe poster since 1997!
  • joefrojoefro Posts: 1,872 ✭✭
    The boxes that the banks get their coins from. Usually wrapped in the N.F. String & Son, INC shotgun wrappers. Like this
    image

    *Editted pic
    Lincoln Cent & Libertad Collector
  • jonathanbjonathanb Posts: 3,717 ✭✭✭✭✭
    When I sold my bag, I put it in a Priority Mail flat rate box. Actual postage cost is $8.05, plus add insurance charges if you want. Not a problem, but tape the box well.
  • relayerrelayer Posts: 10,570

    Copper is worth $3 a lb.
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    My posts viewed image times
    since 8/1/6
  • Hmmm, if ones from the late 70s and 80s are going for that much, I would guess that this bag is worth a bit more? I bought it because it was cheap and interesting, so it is for saleimage I guess I'll put it on eBay and let the market decide. Thanks for all the info.......

    BigBen
  • cladkingcladking Posts: 28,702 ✭✭✭✭✭


    << <i>I haven't looked at prices since before the big increase in spot prices, but if it's really an original mint-sewn bag, I'd expect it to sell for over $150 easy, with a shot at $250+. Mint-sewn bags from the 70s and later are much more common than one from 1964.

    FWIW, I sold an opened bag of 1960-LD cents on eBay in January. It brought $137.51. You can probably check recent sales and find others.

    jonathan >>



    I seriously doubt any post 1964 cent is more common than any of the 1959 to 1964 cents.

    The 1964 and earlier cents were set aside in staggering numbers. While most of the later
    cents are quite common and a few like the '75-D might rival the earlier issues, none were
    set aside in the quantities the older ones were. I haven't looked recently but the 1960-D
    small date which was the darling of that era was worth less than every single BU roll from
    1965 to date a couple years back.

    The reason the prices aren't more different is that there is far higher demand for pre1965
    coins. Many collectors simply don't collect anything made after 1964.
    Tempus fugit.
  • cladkingcladking Posts: 28,702 ✭✭✭✭✭
    A lot of the demand for the later bags is from variety collectors. The price can
    more reflect the possibility of finding desirable varieties than it is the availability
    or demand for the date. Many of these bags will be returned to circulation after
    they are searched for gems and varieties.

    This happens with the common pre-'65 bags as well but is not so large a percen-
    tage of the demand.
    Tempus fugit.
  • I found this thread here where somebody else bought a similar bag (1962)......Link
  • Mmmmmmmmmmm........ Just think of all of the possible major striking errors that could be in that bag! I wouldn't be able to resist!
  • Are there any known varietieserrors for 1964-P?


  • << <i>Are there any known varietieserrors for 1964-P? >>



    I don't know, I'm not a variety collector. I'd be thinking of stuff like off centers, clips, double strikes, struck on dime planchets, broadstrikes ...........
    The chances of any of those being in there are slim but you never know. If you do open it up, let us know what you find.
  • 1964-P Double Die Reverse FS#1C-026. Breen #2242. Major Reverse Double Die. Cherry Pickers Guide Lists this particular Double Die at $175.00 in MS-65 Red condition $60 in MS-63. Also another Double Die Reverse FFS#1C-027 Early Die State is most Desireable for this one. List at $250.00 in MS-63 Red. These are the two major Die Varities of this 1964 -P lincoln cent. Hope this helps in determine it's value. Would be fun serching for these varieties definitely would put a strain on the old eyes. Good Luck on whatever you do with it. You got a great buy if just above original cost. Mike.imageimage
    Enjoying time at home with the family now is my full time passion.

    rabbitracks toned showcase set
    myurl
  • OPEN IT! OPEN IT! OPEN IT! OPEN IT! OPEN IT! ...................................... image
  • The only problem with opening it is that I'm going through several hundred gem MS Lincolns right now looking for 66 and 67s and I'm just worn out lol. I bought the bag because it was cheap and I figured I'd either sell it or put it away as a collectible. Some of the things you guys brought up have intrigued me, but if I open it and don't find anything more than a 66 or two then I'm stuck with a gazillion pennies that are worth alot less than if sealed in the bag. A part of me wants to sell it to Lincoln error collectors who would have a field day with it. If I decide to put it up for auction I'll let everyone here know!

    Thanks again,

    BigBen
  • pontiacinfpontiacinf Posts: 8,915 ✭✭


    << <i>OPEN IT! OPEN IT! OPEN IT! OPEN IT! OPEN IT! ...................................... image >>



    open that puppy or craton and I will have to come do it for you image
    image

    Go BIG or GO HOME. ©Bill
  • Speaking of bags I have a rare 2005 Ocean in View Nickel 1,000 coin "P" bag on ebay right now with no reserve. They only sold 4,000 of these and I'm sure many have been opened and sorted through, making them a great future collectible. If anyone's interested here's the link:

    LINK
  • Finally got a pic of the bag.........does anybody know what the likelihood of finding an MS-67 in one of these bags or any rainbow coins? If there's enough probability I will probably open it (along with finding errors). 5,000 pennies is alot to go through lol!

    image



  • What is in a sealed box of 2U2's?

    I'm pretty sure they're nickels


    image
  • orevilleoreville Posts: 12,117 ✭✭✭✭✭
    BigBen: I have a US Mint bag as well as obw roll sets of the cents from 1956 through the 1990's.

    The 1964 is the second most common of all dates in the 1960's and more common than nearly all of the 1980 to 1989 dates as well. It is on a par with most common dates in the 1970's. But in the unopened US Mint bag you still have a nice collectible item if it remains unopened!

    The value of such bag is best preserved if you do NOT open it up. It is extremely unlikely you have any MS-67 cents in your bag. That bag looks like it has been around; just look at the bottom of the bag. It has been moved over and over again banging those coins in the process.

    The best way to sell such bag is "as is."

    Better to keep it and store it in a dry dark place. It can only get more scarce as more people open up these bags in vain.
    A Collectors Universe poster since 1997!
  • Thanks Oreville. Will that bag create rainbow colors on coins? That was another thing that intrigued me.

  • rainbowroosierainbowroosie Posts: 4,875 ✭✭✭✭
    OPEN IT!!!!!!!
    "You keep your 1804 dollar and 1822 half eagle -- give me rainbow roosies in MS68."
    rainbowroosie April 1, 2003
  • orevilleoreville Posts: 12,117 ✭✭✭✭✭
    BigBen: Rainbow colors is something you do NOT want on copper coins. Pure red coin is most valued on copper coins.

    If the bag is stitched loosely you might be able to peek between the stitching one coin at a time to gauge what kind of coins you have in the bag. It is a laborious process just to peek at a half a dozen coins but at least you will get an idea of what you have.
    A Collectors Universe poster since 1997!
  • Well everyone, I decided to put the bag up for sale on the BST Board for sale or trade for silver bullion. Thanks again for all your help and info.

    Cheers!

    BigBen

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