Lincoln Wheat Cent Keys

okie-colin, I don't think Metalman is saying keys are based only on mintages.

I took the statement as meaning 'if' you listed only the mintage criteria.



Jerry

The only thing I've found fun to do lately is try to put together
rolls of coins off the beaten path. For wheats I'm working on one
for 1931-D cents in AU. It's mintage is somewhat higher than the 31-S
but at 4,480,000 that still isn't much for pennies. The 33-D at 6.2
million is another over looked penny when it comes to mint scarcity.



Jerry

I am begining othink that the 1932, and 1933 are as scarce as the '09-S-VDB! Of course the '22-missing D, and some of the other keys, or semi-keys are missing, but the dates entirely, in all mints, are the two years I mentioned are the only ones. I have thousands of wheats, but not one '32, or '33. I am putting together rolls of each date and mint , where possible, but a roll of '09S-VDB? I think it will be just one of several "hole-rolls", missing from the date/roll set.
Dick

Im the oppisite of most people. I have several 14d from good up to xf. 09s from fine to xf. 1- 09svdb in a pcgs xf40 holder. a couple of 31 s in au, 1 vg 10 pcgs 22 plain strong reverse and 1 22 plain strong reverse in vf 25 pcgs. When I bought the vg 10 I could of got a xf 40 for 800. I payed 450 for vg 10. This was around 2003. I'm kicking my self in the butt for not buying it.

Just carl,

You were talking about so many peaple bent on the distruction on the cent. What do mean by that on what your talking about ? I know the 59 thru 81 cents are worth more melted down in copper scrap metal.

I been hoarding up 1959 thru 1981 cents that are brown, junk that I will not install books or folders. The us mint made billions them and when I go thru bank boxs of 25 face. I find maybe 4 to 5 dollars on those in those 2007 fedboxs. I been taking them and making 25 dollar bricks out them to save intill us mint will let you melt them without going to jail.

I been saving all au/bu red cents out the 59 thru 81 to install in books. All pre 1958 cents I save since they are worth maybe 4 cents each compared to 2 cents each melted down on the 59 thru 81 brown junk pennys. Those 1959 thru 81 junk wore out brown pennys dont have any colletor value other than to hoard copper or wait on us mint to get rid melt ban they have on them.

The coins worth keeping are wheats and the au/bu coins from 59 thru 81.

Since you been collecting for over 60 years and you saw what happened in 1965 thru 1970 when they removing all pre 1964 silver coins from circultion to be hoarded and sold as junk silver and then melted down into silver ingots. Its the samething over again with the 1959 thru 1981 copper pennys. I born in 1971 and never did see in lifetime. So what did you think about them doing that to all silver coins by hoarding them up like that.

My uncle bought over 55 pounds of silver coins in 1965 and kept them all those years. Silver at 14 bucks ounce and 225 per pound its worth around 12500 for hoard of silver in 2007. I dont know how much they are worth or if they been checked for key dates yet. He paid face value for all it in 1965 and pays the bank 50 bucks per year to store them. I never seen them.

Thats main reason I want to hoard up all 59 thru 81 cents since I can get them at face value. If I can I would love put back maybe 3000 dollars face value on them or trade them for junk silver coins to put away as an investment like my uncle did in 1965 with silver coins. Maybe in 5 years copper prices will be 5 to 6 dollars per pound or whatever.

Trust me I dont want destoy any pre 1958 wheats since they already worth more than 2 cents each on copper .

I think its same over again like with silver coins but copper this time.

Chevrolet454ss

I have resolved to finish my 7100 before next summer. I have been staring at six holes in it for many years now (I am missing the big five, as well as the 1970S SmDt).

I will probably pay way more than I could have a few years back. I might very well buy them this year and in 2009 have the prices go DOWN because of over speculation. At that point, I will have to be content in knowing I have a completed set. The other scenario is the prices go higher and I have to spend even more money on it. I think I have waited long enough.

I must disclose that I am a collector first, not an investor, so that does affect my choices.

Quote
"Thats main reason I want to hoard up all 59 thru 81 cents since I can get them at face value. If I can I would love put back maybe 3000 dollars face value on them or trade them for junk silver coins to put away as an investment like my uncle did in 1965 with silver coins. Maybe in 5 years copper prices will be 5 to 6 dollars per pound or whatever. "

To each his own, but that isn't what coin collecting is about to me. In my opinion the best use for old junk silver is to sell it when spot prices are high and buy collectible type coins. That is exactly what I did with over $300 face value of old silver coins that were included in the coins I received from my Mother. After searching it all for anything worth keeping, I sold the rest for nine times face and bought coins I needed for my 7070. I have a feeling that were I not primarily a coin collector, that this would also be the smarter investment. Really nice type coins, or key dates of popular series have historically appreciated much more over time than bullion prices. I also doubt that copper will ever be a good long term bet for appreciation. First of all the Mint may never legalize melting them. Secondly, the price of copper, unlike gold and to some extent silver, is related to the pace of economic expansion in the world. That can change rapidly and rapid economic growth is never sustained over time. In other words copper is a commodity and is valued based on supply and demand for industrial use, unlike gold and silver that is viewed as having intrinsic value beyond the limited production uses that exist.

Okie Colin,

Your right the copper prices could crash and be worth nothing. Or us mint will never let peaple melt them. Its mess for sure.

In my collection of coins I have clad 1965 and up stuff. Main reason I want junk silver rolls of dimes, quarters is where I can build me 32 thru 64 set , Mercury dime set, 46 thru 64 dime set. I built all my sets from bank rolls of coins and I cant complete them since I cant find silver in bank boxs in 2007.

I would love have each book complete with keys for my colletion. I been working on 1883 thru 1912 nickel book, 1857 thru 1909 penny book. I did finish my 1909 thru 2007 penny book. An lot old stuff I had buy overface value on them to work on them.

Since peaple are hoarding copper and paying over face on them. I can get it face all day long. Main reason I want to do it is where I can make money to complete my sets and build those sets like Mercury dimes or stuff since they are expensive. Thats the reason why I where I can make money to build my sets of coins to collect since they are very expensive.

Chevrolet454ss