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Early Wheat Cents In Fair To Average Condition: To Keep Or Not To Keep?

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Pillar of the Community
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2869 Posts
 Posted 08/20/2021  9:26 pm  Show Profile   Bookmark this reply Add Oldfordman to your friends list

Quote:
That's up to you, I've kept every Wheat cent I've ever had.

I keep every one except for like a fr02 details environmental damage cent which goes to the copper scrap pile.
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18456 Posts
 Posted 08/20/2021  9:30 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list
I also keep every Wheat cent I've ever found . I've even kept the culls .
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United States
173 Posts
 Posted 08/23/2021  3:44 pm  Show Profile   Bookmark this reply Add 1962penny to your friends list
I keep them all!
Pillar of the Community
United States
4085 Posts
 Posted 08/23/2021  6:30 pm  Show Profile   Bookmark this reply Add KenKat to your friends list
I roll 'em up. Really bad ones go into cull rolls while the others I try to group by decade where possible.
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United States
174 Posts
 Posted 08/23/2021  9:00 pm  Show Profile   Bookmark this reply Add coinnewcomer1 to your friends list
If I find any Wheat cent before 1932 in VG or higher I will consider keeping it. Even during those years there are some cents that are not worth much above its metal value in low grades. For example, 1923 Lincoln cents while they only come up seldomly, in brown and VG condition would be valued just a little above its metal value while a 1927 issue would be worth more.

As I don't pursue wheat cents to much, the only one I ever kept was a brown 1917 D Wheat cent found in the tray of a coin star in Good condition. What I end up mostly keeping are red Memorial and Shield cents from the 1970 onward and reed or red-brown ones from the 1960's. Very difficult to find a red Wheat cent unless you luck into a roll in which someone took a nice red Wheat cent from an old collection.
New Member
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18 Posts
 Posted 08/25/2021  12:33 am  Show Profile   Bookmark this reply Add wmjanv to your friends list
I have had a similar question for a while. I spent months sorting through an inherited collection filled with LWCs. Some were great finds, many were damaged beyond recognition (decades of poor storage), but most are like the example from the original post. There are a few hundred G-VG 1942-S's alone. I've decided on my keepers and would prefer to send the rest to another home, but have assumed a dealer would not be interested in bulk low-grade coins and ebay seems too time-consuming. Any other options?
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United States
22 Posts
 Posted 11/30/2022  10:48 pm  Show Profile   Bookmark this reply Add pjmolo to your friends list
I too have numerous Wheat Cents (several thousand) that were inherited from my father, who apparently set aside nearly every one that he came across after the release of the Memorial Cents. I've sorted through them to find those that are somewhat rare or in better condition than others but still have many that could use a new home.

So my thought is to help prime the well, so to speak, of the next generation of collectors who might be as excited as I was as a youth to find a Wheat cent in my pocket change.

The plan, as crazy as it might be, is to simply return them to circulation.

Problem solved.

Bedrock of the Community
United States
19963 Posts
 Posted 11/30/2022  11:43 pm  Show Profile   Bookmark this reply Add BadThad to your friends list
1911 - of course it's a keeper!
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15466 Posts
 Posted 12/01/2022  04:34 am  Show Profile   Bookmark this reply Add nickelsearcher to your friends list
@ pjmolo - to the CCF

Best practice is to not resurrect an old Zombie thread but start a new one. This retired thread has not had any activity for 15 months.

That said - I agree with your approach. Return the balance to circulation and it might inspire a kid someone to begin collecting.
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 Posted 12/01/2022  07:58 am  Show Profile   Check nss-52's eBay Listings Bookmark this reply Add nss-52 to your friends list
Then again, I see posts mentioning that "there is already a thread on this topic".

In our coin club, be gather up wheat cents and have a children's day at the local library where young collectors can pick out ones they need for their collection.
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New Member
United States
22 Posts
 Posted 12/01/2022  11:25 am  Show Profile   Bookmark this reply Add pjmolo to your friends list
With all due respect, I disagree with nickelsearcher regarding the resurrection of an old thread and agree with nss-52 in that if a topic thread already exists, why create a new one ?

In hindsight, the more appropriate thread for my post was probably the one titled "What To Do With All The Wheaties?"

btw, I love the local library idea.
Pillar of the Community
United States
2208 Posts
 Posted 12/02/2022  5:38 pm  Show Profile   Bookmark this reply Add jpsned to your friends list
I keep all my wheaties, no matter the date or mint mark. They've all been around for a while; just imagine the stories they could tell if they could talk.
Edited by jpsned
12/02/2022 5:39 pm
Valued Member
United States
187 Posts
 Posted 12/04/2022  01:35 am  Show Profile   Bookmark this reply Add silverado to your friends list
I'm a keeper...... if not collected I put them in rolls and sell them off!
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2477 Posts
 Posted 12/09/2022  10:05 pm  Show Profile   Bookmark this reply Add MrPink2018 to your friends list
if it were me:

i keep anything 1931 and earlier. all the others get passed along.
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