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Trying To Sell Pennies

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Pillar of the Community
j_h_s's Avatar
United States
1934 Posts
 Posted 01/21/2008  07:16 am  Show Profile   Bookmark this reply Add j_h_s to your friends list Get a Link to this Reply
The face value of your rolls is $210. If you advertise on ebay that you have 420 rolls, 1919 foward, and ebuyers believe you havent searched through the rolls for key dates, ebuyers may end up bidding as much as 1.50 to 2.00 (even 2.50) for each roll, if you sell them in lots of 50.

A lot of 50 rolls at 1.50 per roll would gross $75; three times face value.

The entire lot, sold at 1.50/roll would gross you $315.

Then again, if one of your lots is 50 rolls of post 1958, you may only get .75 to 1.00 per roll, unless there are rolls of collectible years.

And then then then again and again, you risk, at auction, selling the rolls at or below face or numismatic value.

Jim


Pillar of the Community
j_h_s's Avatar
United States
1934 Posts
 Posted 01/21/2008  07:28 am  Show Profile   Bookmark this reply Add j_h_s to your friends list Get a Link to this Reply
Cripes...I think my maths are messed up this morning.

420 rolls ($210) @ .03/cent (or 1.50/roll) = $315
50 rolls ($25) @ .03/cent (or 1.50/roll) = $37.50


Valued Member
ME CO's Avatar
United States
99 Posts
 Posted 01/21/2008  08:10 am  Show Profile   Bookmark this reply Add ME CO to your friends list Get a Link to this Reply
Your math is still messed up, 420 rolls times $1.50 = $630
50 rolls times $1.50 = $75
HH Mark
Valued Member
ouzo66's Avatar
United States
60 Posts
 Posted 01/21/2008  08:23 am  Show Profile   Bookmark this reply Add ouzo66 to your friends list Get a Link to this Reply
joey,
no mint mark means it was minted in Philly. S-San Fran, D-Denver.
Edited by ouzo66
01/21/2008 08:24 am
Bedrock of the Community
United States
20753 Posts
 Posted 01/21/2008  11:20 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Basically all has already been said. The primary things for you to note are DO NOT CLEAN COINS.
Next purchase a Red Book on coins so you have an idea of what you have.
Next open all the rolls to inspect what they are. The Mint did not roll them so you may have almost anything in those rolls.
If you sold those without looking you may well sell a coin worth thousands for a few dollars. Know what you have.
If you look at ebay, for example, there are numerous individuals saying UNSEARCHED something or other. So don't worry about searching what you have.
I suggest you sort those by date, mint mark and then grade (condition) or at least your idea of grade. The reason is there are numerous types that were not well known when he started collecting them and may have inadvertingly put a valueable coin in with average ones.
Note such things as the 22Plain, rather expensive 24D and 31S, 36 double Die, 43D Doubled Mintmark, various 60's, 70S's, etc.
Watch for any coin that appears as if you had to much to drink, doubled.
Now with the famous Red Book on coins, pages 390 and up, you could find a listing of the different types of error coins. These are further detailed on https://www.coppercoins.com
Good luck and keep us all informed.
New Member
United States
24 Posts
 Posted 01/21/2008  12:25 pm  Show Profile   Bookmark this reply Add joeyaheath to your friends list Get a Link to this Reply
I checked on ebay and the unsearched 5000 coin aurction seems to be going for 200 or more. So if I mix them up and sell them as unsearched which they would be I could get four times face value. Whar are the odds that I have a rare coin. But where is the fun in that?
Bedrock of the Community
BadThad's Avatar
United States
19964 Posts
 Posted 01/21/2008  1:10 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
Odds are good you have some valuable Lincoln's somewhere in there. You can't just go by the date and mint mark, you have to consider the condition too....it's called "conditional rarity". First thing you need to do is buy a Red Book. While the prices in there are not very accurate, they will give you an idea of value and help you understand the grading aspect. NO MATTER WHAT....DO NOT CLEAN THE COINS! They will actually make them nearly worthless to collectors.

Click on my name and send me an email. Perhaps I can help you.
Lincoln Cent Lover!
VERDI-CARE™ INVENTOR
https://verdi.care/
Edited by BadThad
01/21/2008 1:11 pm
Pillar of the Community
Tykimeister's Avatar
United States
882 Posts
 Posted 01/21/2008  1:28 pm  Show Profile   Bookmark this reply Add Tykimeister to your friends list Get a Link to this Reply
If you mix them all together, I would say that would be a very foolish thing to do. You see, people who sell 5000 cent bags on ebay are selling worn ugly and less valuable cents. 90% of them are going to be 1935-1948. You have some older, nicer, and original wheat cents. DO NOT MIX THEM TOGETHER. If you want to get the most you can for these cents, sell them by the roll, and by the date. If you mix them together, people will either A: think you searched through them, even though you said you didn't and B: that there isn't anything valuable.

The coins you have (from what I understand) are all Uncirculated and in rolls for each individual date. These are the type of coin lots people really want and look for all the time. You will get a higher premium selling them this way.
New Member
United States
24 Posts
 Posted 01/21/2008  5:55 pm  Show Profile   Bookmark this reply Add joeyaheath to your friends list Get a Link to this Reply
I dont belive all are uncirculated because not all are in bank rolls. Probably 30% are. Is there any thing special about 1966 I have 50 bank rolls of 66.
New Member
United States
24 Posts
 Posted 01/21/2008  6:05 pm  Show Profile   Bookmark this reply Add joeyaheath to your friends list Get a Link to this Reply
Badthad I don't have enough post to email you sorry
New Member
United States
24 Posts
 Posted 01/21/2008  6:07 pm  Show Profile   Bookmark this reply Add joeyaheath to your friends list Get a Link to this Reply
I have had these coins for about ten years I should have don this years ago
New Member
United States
24 Posts
 Posted 01/21/2008  6:26 pm  Show Profile   Bookmark this reply Add joeyaheath to your friends list Get a Link to this Reply
going to buy the Red Book
New Member
United States
24 Posts
 Posted 01/21/2008  7:45 pm  Show Profile   Bookmark this reply Add joeyaheath to your friends list Get a Link to this Reply
All right got the Red Book, magnifying glass and gloves is there anything else
Pillar of the Community
halfabustisbetter's Avatar
United States
1984 Posts
 Posted 01/21/2008  7:54 pm  Show Profile   Bookmark this reply Add halfabustisbetter to your friends list Get a Link to this Reply
Good lighting, a comfortable chair, and a soft surface below in case you drop one.
New Member
United States
24 Posts
 Posted 01/21/2008  11:28 pm  Show Profile   Bookmark this reply Add joeyaheath to your friends list Get a Link to this Reply
how do I post a picture
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