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Pillar of the Community
 United States
2365 Posts |
I'm glad that I'm not alone in this! It's a lot of work but, fun isn't it? I found a 41, 45 and 46 in circulation today that I will add. I have enough coins to probably do another 100 but, that will have to wait. I'm probably close to 75% more or less too. Are you separating the mints or mixing them? I'm just mixing them at this point. Let me know how your project progresses!! Have fun - I sure am! ps: I'm finding a lot of 60's and 70's in circ this week...are you?
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Rest in Peace
United States
2684 Posts |
I am wondering what all this cent hoarding is doing for the national economy. And especially the effects on copper values for those billions and billions of copper wheat cents and Lincoln Memorial cents sitting in peoples' jars, drawers, tubes, shoeboxes, and tobacco tins.  Reminds me of another story. A long time ago (1930s - during The Great Depression) while my father was in college at RPI in Troy, NY, the students embarked on a crusade to take all the cents out of circulation they could get their hands on. While it started out as a joke, more or less, it escalated into a statement of the effect of the college on the local economy. It worked. Within a few weeks, the area was cent-challenged and the banks, merchants, and everyone else were begging (then threatening) the students to release the cents to get the economy back on the move. They responded with flair and released them all at once with every possible purchase being made in cents. In no time, there was a glut on the local market of cents. I don't think the town has fully recovered. Fred |
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Member
United States
1154 Posts |
That's a cool story Fred! To bad they released them into circulation or they could have had a massive hoard of Wheaties.
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Valued Member
United States
429 Posts |
Great collection. My daughters collection is all circulated coins of all demominations. What is so special about 1909 vdb?
LeAnn
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Pillar of the Community
United States
577 Posts |
I am seperating out the mint marks as well, so I might be going at it for awhile! Thats a great story Fred!
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Bedrock of the Community
United States
12437 Posts |
quote:
Originally posted by LeAnn
Great collection. My daughters collection is all circulated coins of all demominations. What is so special about 1909 vdb?
LeAnn
1909 was the first year of issue for the Lincoln Cent. The designers initials, VDB ( Victor David Brenner), were placed underneath the wheat stalks on the reverse. The Mint director thought that this was rather gaudy and had the initials removed later during 1909. The intials were finally returned in 1918  albeit in a smaller version on the bottom of Lincolns bust. |
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Valued Member
United States
429 Posts |
Thanks for the info. I guess that means it's worth more?
LeAnn
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Rest in Peace
United States
2684 Posts |
1909 VDB (no mintmark = Philadelphia mint) cents do not have any especial value above plain 1909 cents, but the 1909-S VDB (San Francisco mint) have a LOT of value. A well-worn (grade P-02 meaning the date is barely readable) 1909-S VDB will still be worth hundreds of bucks. The 1909-S VDB is also the most recognized uncommon/rare coin of all US coins among the non-numismatic public. As a result, it's been widely counterfeited. I suspect many (or most) of the uncertified 09S VDBs on ebay are altered dates or otherwise fakes or counterfeits. As an investment, 1909-S VDB cents are as good as any IF they have been authenticated by one of the top third party grading services (specifically PCGS, ANACS, NGC). I would never buy a raw 09S VDB off ebay unless I had money to burn. Fred |
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Valued Member
United States
429 Posts |
There is one in my daughters collection from her grandparents.(most collected in the early 50's or so I'm told) I am not at home so I don't know mint or how worn it is. I'll look into it over the weekend. Thanks for the info.
LeAnn
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Pillar of the Community
United States
2365 Posts |
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Rest in Peace
United States
2684 Posts |
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Pillar of the Community
United States
2365 Posts |
Yes Fred! Stranger things have happened. I spoke with a gentleman yesterday that purchased a half roll of 55 DDO's! Go figure! I love the emoticons...I can use them without talking (or writing as the case may be). Keeps my posts a little shorter - which most probably appreciate. Oh heck, I used the quick reply with no emoticons! Such is life! tee hee |
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New Member
United States
33 Posts |
ha liked the stories I think its neat how some people get started collecting it is cool good luck with the cents
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Valued Member
United States
394 Posts |
quote:
Originally posted by dsking
Yes Fred! Stranger things have happened. I spoke with a gentleman yesterday that purchased a half roll of 55 DDO's! Go figure!
I love the emoticons...I can use them without talking (or writing as the case may be). Keeps my posts a little shorter - which most probably appreciate. Oh heck, I used the quick reply with no emoticons! Such is life! tee hee
Hi dsking, do you happen to know grade(s) of purchase and amount for the purchase? I had and sold a 55 DDO a long time ago. It was either a one penny coin or food on the table. At that time, had little ones so food on table won out. Berry |
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Pillar of the Community
United States
2365 Posts |
Hi Berry4402: Prices that I've noticed for the DDO's are all over the place. The one I looked at this week was a RB, mostly B in very good condition - graded, oh probably a Fine or so. The gentleman was asking $2,000 for it. He had one also that I didn't see for $10,000 but, I didn't ask the grade. Since you sold yours maybe you don't really want to know what they're going for now. You sold your's for a good reason though and we all understand that I'm sure. The DDO's keep getting picked up by collectors so the prices keep rising. Maybe you'll find another one someday. Wouldn't that be nice!!!!!!!!!!! In my "97 years of Lincoln"...I've finished quite a few more tubes since a couple of weeks ago...mostly 70's and all from my pocket change. Now I see how my Mother accumulated sooooooooooo many pennies in her 86 years! ps: Hey, madhandles...how are you doing on your's? Edited by dsking
08/26/2006 09:44 am
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Replies: 36 / Views: 2,402 |
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Posted 08/18/2006 11:10 am
Had to have the dancing banana! tee hee
