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Pile Of Wheat Pennies....and Don't Know What To Do!

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Pillar of the Community
United States
3463 Posts
 Posted 02/12/2017  2:02 pm  Show Profile   Bookmark this reply Add cwb to your friends list
to the forum!

You have to be very careful in a situation like this.
Coin collecting is contagious and many people have caught it in situations just like yours.
It starts out simple, like looking for rare dates, then you accidentally run across an error coin or rare variety and then, just like that, you have it.
To date, there is no known cure for it and it can become very time consuming. Before you know it, you will have a new coffee can full of newer coins that someone else will find someday (that's how it spreads).
You will catch yourself looking at the cents in the "take a penny, leave a penny" tray at the local fast stop. Your pockets will get holes worn in them because of the change you refuse to spend until you've had a chance to properly go through it.
You will even hold up the line at Wal-mart while you carefully look at the coins before you give any to the cashier. When you close your eyes at night, you will see random dates of coins flashing under your eyelids until you eventually fall asleep, caused from looking at coins under magnification for long periods of time.
I could go on and on about the what else could happen, but I think you get the idea.
Don't risk it, leave them a lone. Anyone here knows that a coffee can of genuine unsearched wheat cents is bound to have some nice finds in it, and that's all it takes to hook you.
I hope you do well whatever you decide to do with the can, just know that I tried to warn you.


Pillar of the Community
United States
666 Posts
 Posted 02/12/2017  2:50 pm  Show Profile   Bookmark this reply Add dd27 to your friends list
@cwb - I love it! One of the best posts I've read on CCF. :O)

AngieEllen -

In addition to the excellent advice you have received so far, you might want to buy a copy of either

A Guide Book of Lincoln Cents, 2nd Edition

or

A Guide Book of U.S. Coins 2017: The Official Red Book

I would suggest the Red Book since, despite cwb's warning, you likely have already caught the bug and you'll be curious about other U.S. coins too.

Enjoy!

~ Mark

P.S. Those links go to Amazon.com but you can purchase the books almost anywhere books are sold, especially the Red Book.


Edited by dd27
02/12/2017 2:51 pm
Pillar of the Community
United States
4085 Posts
 Posted 02/12/2017  2:58 pm  Show Profile   Bookmark this reply Add KenKat to your friends list
I roll them by decades or 20s-30s or 40s-50s if needed to make groups of 50. Then I stash them in my basement with all of their friends.
Pillar of the Community
United States
1963 Posts
 Posted 02/12/2017  4:06 pm  Show Profile   Bookmark this reply Add coin197 to your friends list
I would separate them by decade, then sell all the 40's and 50's.
Pillar of the Community
United States
1963 Posts
 Posted 02/12/2017  4:06 pm  Show Profile   Bookmark this reply Add coin197 to your friends list
Or, if it's too much hassle, I'll gladly provide you with my mailing address.
Pillar of the Community
United States
4211 Posts
 Posted 02/12/2017  7:59 pm  Show Profile   Bookmark this reply Add Debrajc to your friends list
Angela!

Check out the US Coin Fact section for wheat cents on the left menu as a place
to start to get an idea of the low mintage years and other info. Great stuff in there!
Rest in Peace
United States
7075 Posts
 Posted 02/12/2017  8:19 pm  Show Profile   Bookmark this reply Add Buddy to your friends list
I think the real value in this can of coins was that they belonged to your grandfather.

If I had a pile of cents like that I would first sort them by decade, then select one decade and sort by year and finally sort one year by mint marks.

Then I would look up all possible varieties for that year and mint mark and keep an eye out for obvious errors. As a rule, tiny little errors are not worth a lot of money.

If I didn't discover any valuable error or variety, I would then put them in holders. I'd keep the ones I wanted and give the rest to other family members so that everybody had some coins from your grandfather.
Rest in Peace
10197 Posts
 Posted 02/12/2017  8:23 pm  Show Profile   Bookmark this reply Add Crazyb0 to your friends list
to this weird family!

Most of my cohorts beat me to the punch(yea you druu!), you can see Angelaellen, there are quite a few greedy wheaties folks here...I'll up the ante, I'LL BUY those from you! So would most of these others as well too. All joking aside, some as myself buy "unsearched" coins, those coins not thoroughly gleaned through by others. That's rare these days, so if you decide to get rid of them, you know an option.

My suggestion would be to get acoin folder/album for the Wheat cent series 1909-1958 and fill up with the best examples of what you have, then either get rid of the rest or store them once the collecting bug has really bitten!
Bedrock of the Community
United States
94367 Posts
 Posted 02/12/2017  8:40 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list


to the CCF!
Pillar of the Community
United States
666 Posts
 Posted 02/12/2017  10:06 pm  Show Profile   Bookmark this reply Add dd27 to your friends list

Quote:
...give the rest to other family members so that everybody had some coins from your grandfather.

Great idea!

Valued Member
Korea, Republic Of
489 Posts
 Posted 02/12/2017  10:42 pm  Show Profile   Bookmark this reply Add Lembafc to your friends list


I know you are getting a lot of information about your wheaties. It is best to take it all very slow and go step-by-step. My grandfather did the same for me when I went back to the states for Thanksgiving.

I made sure I bought a Wheat cent book to put them in, but took great time with each and every one of them to search for errors, doubled dies, etc. Take in all the information from the experts here at CC!

It is a wonderful thing to carry on a late loved one's passion and take it as your own.
Bedrock of the Community
Learn More...
United States
12850 Posts
 Posted 02/12/2017  10:56 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list
Glad you found us!
Pillar of the Community
Canada
891 Posts
 Posted 02/13/2017  12:14 am  Show Profile   Bookmark this reply Add oldmike to your friends list
AngieEllen, You got some good advice (and kidding) from everyone above. Good folks on here. They will help you a lot. As some stated above, I sort them by year, and then start with the earliest and find out everything I can about them, varieties, errors, etc. Then move on to the next year. You don't have to rush at it, That way it's enjoyable and not overwhelming. Good Luck
New Member
United States
41 Posts
 Posted 02/13/2017  11:42 am  Show Profile   Bookmark this reply Add AngieEllen to your friends list
Thank you everybody for the advice and laughs! My favorite thing about coin collecting isn't the coin itself it is the History. Just to hold a worn 1918 P penny and look at the scratches and wonder what it had seen before ending up in that coffee can. If only Pennies could talk....
I Know I will be on here again many times to check back in and ask more questions! Thank you agsin for your support. I feel better about them now. Just as long as I do a little at a time.
Pillar of the Community
United States
3477 Posts
 Posted 02/13/2017  11:52 am  Show Profile   Bookmark this reply Add nfine to your friends list
If only I were in Oregon. I would love to spend a couple hours with you going through that coffee can of Wheat cents!!
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