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What To Do With A Penny Hoard

 
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Author Previous TopicReplies: 12 / Views: 1,009Next Topic  
New Member

United States
8 Posts
 Posted 03/19/2023  4:20 pm Show Profile   Bookmark this topic Add Gregg6170 to your friends list Get a Link to this Message
I'm new to collecting and I'm wondering what others would do with 20,000 Lincoln cents. They seem to be from the 50's to the 70' with a few Wheats.
What is an efficient process?
I've spent time looking at $20 worth (and a lot of time), and only found a 1972-D DDO.
My issue is that I'm the type of person that wants to inspect them all but I need to be realistic. Any advice is appreciated.
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Canada
6446 Posts
 Posted 03/19/2023  4:30 pm  Show Profile   Bookmark this reply Add mcshilling to your friends list Get a Link to this Reply
Well what I would do is get some plastic cups and put years into each cup, then go through each cup and keep the best and errors you find. This will take a lot of time.
Bedrock of the Community
United States
11993 Posts
 Posted 03/19/2023  4:36 pm  Show Profile   Bookmark this reply Add ijn1944 to your friends list Get a Link to this Reply
Questions... Does the hoard contain a 'balanced' mix of the different mints, or is it heavily weighted toward Philadelphia, or Denver, or even San Francisco? Is the hoard almost entirely 'well circulated', or are there a good number of what appear to be uncirculated examples?
New Member
United States
8 Posts
 Posted 03/19/2023  4:55 pm  Show Profile   Bookmark this reply Add Gregg6170 to your friends list Get a Link to this Reply
mcshilling: Thanks for responding!
That is what I've been doing. Sort by decades then by year.

ijn1944: It is a mixed bag, all mints, and circulated but most are in decent shape.
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United States
78253 Posts
 Posted 03/19/2023  5:44 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Perhaps you like the thrill of the hunt, or have time on your hands. But based on nearly 60 years of collecting, I'd say the odds of finding anything worth even a dollar or two are virtually zero.



to the CCF!
Edited by Coinfrog
03/19/2023 5:45 pm
Pillar of the Community
United States
2723 Posts
 Posted 03/19/2023  5:51 pm  Show Profile   Bookmark this reply Add nick10 to your friends list Get a Link to this Reply
you're unlikely to find anything valuable, but obviously you can continue searching to learn and if you enjoy that sort of thing

they have a metal value of 2 to 3 cents each presently, but the high cost of shipping interferes with their profitable sale
New Member
United States
8 Posts
 Posted 03/19/2023  5:52 pm  Show Profile   Bookmark this reply Add Gregg6170 to your friends list Get a Link to this Reply
Thanks everyone
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United States
18676 Posts
 Posted 03/19/2023  11:20 pm  Show Profile   Check BadThad's eBay Listings Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
No MS red coins in there?
Lincoln Cent Lover!
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United States
10287 Posts
 Posted 03/20/2023  05:43 am  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
to the CCF

If you have lots of time on your hands and enjoy the thrill of the hunt - proceed to sort them by year then search for errors or varieties. Know in advance this is for enjoyment only as you are not likely to find much of actual numismatic value.

Me - I would take them to the bank and exchange for cash to do something else with.
Take a look at my other hobby ... http://www.jk-dk.art
Too many hobbies .... too much work .... not enough time.
Pillar of the Community
United States
2347 Posts
 Posted 03/20/2023  10:44 am  Show Profile   Bookmark this reply Add dsking to your friends list Get a Link to this Reply
You could always drop the copper coins into a 5 gallon glass jar and enjoy saving them that way. I too inherited a LOT of old cents. After choosing the best of them, I sorted them by year and mint and then put them in 2x2's and into an album all their own. I then took them by year only and dropped them into tubes. I separated the rest of them by year and have them in a box with dividers for anyone who wants them to fill holes.
Valued Member
United States
59 Posts
 Posted 03/21/2023  10:17 am  Show Profile   Bookmark this reply Add jk109e4 to your friends list Get a Link to this Reply
Save the uncirculated ones for sure.
Valued Member
United States
103 Posts
 Posted 03/23/2023  01:18 am  Show Profile   Bookmark this reply Add TinyRetreat to your friends list Get a Link to this Reply
I don't have that many but, after years of buying collections and ALWAYS getting a bunch of Lincoln pennies, I lovingly refer to them as the "Anchor" of my collection ... pun intended :)
Valued Member
United States
59 Posts
 Posted 03/29/2023  10:52 pm  Show Profile   Bookmark this reply Add Anthony86 to your friends list Get a Link to this Reply
It's your time and you enjoy, then inspect them. You could also buy an inexpensive album and try to fill it up.
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