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What If The Penny Was Discontinued?

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Pillar of the Community
United States
3843 Posts
 Posted 10/26/2013  02:20 am  Show Profile   Bookmark this reply Add Joe2007 to your friends list

Quote:
I keep all 1982 and earlier cents for this reason. Not for melting or profit, but for future generations of collectors. I also keep all AU+ Zincoln cents as well


jbuck,

You must have quite the hoard of Lincoln cents accumulated!

I've heard of some collectors that have hundreds of thousands of wheat cents in their hoards. Must take up a ton of space.
Edited by Joe2007
10/26/2013 02:22 am
Pillar of the Community
United States
2368 Posts
 Posted 10/26/2013  1:31 pm  Show Profile   Bookmark this reply Add wheatchaser140 to your friends list
Fortunately, the discontinuing of the penny probably isn't that high on the government's priority list with all the other issues facing the country. Even if it is seriously discussed Congress will disagree about it for far too much time.
Pillar of the Community
United States
602 Posts
 Posted 10/26/2013  2:30 pm  Show Profile   Bookmark this reply Add YoshiRules to your friends list
I'll hoard any penny I find, regardless of design or metal content.
Edited by YoshiRules
10/26/2013 2:32 pm
Valued Member
United States
140 Posts
 Posted 10/26/2013  3:12 pm  Show Profile   Bookmark this reply Add CJ Cents to your friends list
+1 to the plan. I hoard my wheats no matter what year, currently have a collection of 350
Bedrock of the Community
Canada
11922 Posts
 Posted 10/26/2013  8:08 pm  Show Profile   Bookmark this reply Add Joseph7420 to your friends list
I'm with YoshiRules on this, I keep every penny, and not just because I live in Canada.

My Wheat cent collection has a large number of 13 coins in it
Pillar of the Community
Canada
519 Posts
 Posted 10/26/2013  8:51 pm  Show Profile   Bookmark this reply Add o-train to your friends list
I counted up my found wheat cents for fun. 224 in total and 51 different varieties.
Pillar of the Community
United States
2368 Posts
 Posted 10/27/2013  08:00 am  Show Profile   Bookmark this reply Add wheatchaser140 to your friends list
Cool, o-train! I'm right behind you with 49 different varieties!
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United States
188660 Posts
 Posted 10/28/2013  10:44 am  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
You must have quite the hoard of Lincoln cents accumulated!
Not really. I quit roll hunting in the late 1990's; unfortunately this was well before I decided to keep all copper.

My tiny hoard has grown from circulation finds. However, that may soon change.
New Member
United States
19 Posts
 Posted 10/29/2013  07:28 am  Show Profile   Bookmark this reply Add Pre1958centguy to your friends list
I currently have $160 face value of 1950 wheats with brobably $300 face value total. I also have 700 indians and $200 face value of pre 1982 pennies. I kept those 2009 pennies as well when I find them.
Pillar of the Community
United States
2368 Posts
 Posted 10/29/2013  3:52 pm  Show Profile   Bookmark this reply Add wheatchaser140 to your friends list
Why did you quit coin roll hunting, jbuck?
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188660 Posts
 Posted 10/29/2013  5:47 pm  Show Profile   Bookmark this reply Add jbuck to your friends list
Several reasons. The biggest being time, but another was losing my inside girl at a bank I was using. (She moved away).

I had filled all of the holes that I had expected to fill from roll finds. At this point I was just accumulating/hoarding duplicates. While the wheat cents were still plentiful, the silver finds had pretty much ended.

It was my inside girl who would alert me to the rolls that looked promising (she knew what to look for). This saved me a lot of time, only having to go to the bank when it was worthwhile. One time, an older man made a point to tell her to make sure his rolls ended up in the right hands.

It is important to note that all of my rolls were CWR. I have never searched a box; if they existed then I never knew about them until I joined CCF.

I sill contemplate rejoining the hunt, but I am afraid it is too late for me. Regardless, I do enjoy reading the finds here.


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 Posted 10/29/2013  6:08 pm  Show Profile   Bookmark this reply Add wheatchaser140 to your friends list
I am not (yet) at that point where I find only duplicates. I admit that the majority of wheats I find are duplicates (however I am constantly updating my collection based on condition). I still have a ways to go before I never get a hole filler again.

My most common wheats I have not found yet are 1955-D and 1946-D. I usually compile a list of the highest mintage types I have not found yet. D mintmarks are frustrating in the Boston area. Lately I have had better luck with them.

For the 40s I have 1942-D, 1944-D, and most recently 1945-D. I have all of the Denver 1950s except the 55. No D's from earlier decades. Who knows, a hole filling Denver may be one box away...
Bedrock of the Community
Canada
11922 Posts
 Posted 10/29/2013  8:24 pm  Show Profile   Bookmark this reply Add Joseph7420 to your friends list
1955D is one of those 13 I have, also one of 10 I didn't by.
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18 Posts
 Posted 10/30/2013  7:09 pm  Show Profile   Bookmark this reply Add DeadheadRI to your friends list
Looking at a 55D I pulled from a CWR a few days ago. Snapped something in my ankle today, so I was reading above posts and said, "wait a minute, think I have one", and had to hobble across the room to find it... and did.
No doubling that I can see, and figured I jump into the conversation before the game starts
Pillar of the Community
United States
2368 Posts
 Posted 10/31/2013  3:08 pm  Show Profile   Bookmark this reply Add wheatchaser140 to your friends list
DeadheadRI-

Cool find. That 1955-D will be pretty rewarding to find common or not. Every hole filler is a victory for me!

What a game last night. I'm feeling the effects of staying up until 1 am. I'm near Boston so that was great!

Boston Strong!
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