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Need Education On Wheat Cents And Pre 81 Pennies

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Pillar of the Community

Canada
1723 Posts
 Posted 08/11/2012  11:42 pm Show Profile   Bookmark this topic Add samsnate to your friends list Get a Link to this Message Number of Subscribers
Hey guys and gals, I'm searching Canadian pennies for my album and pulling copper ** Earmuffs ** for melt. Now I've been pulling all my American copper pennies and putting them aside and also pulling all the wheat cents and putting them in their own spot. The question I have is what do with I do with them? I have no interest in collecting them so they are worth more to someone else. I know that the wheat cents sell for more than face and that there are like 4 key dates (rare or scarce) to watch out for. I don't understand why the wheats are worth .15 a pop ish, unless I'm wrong, in which case, please correct me.

As for everything else up to 1981, not sure if there is any value there aside from melt. Haven't found out anything in my searches online that would suggest otherwise.

My search of CCF only pulled up this the Lincoln thread and I don't feel like looking through 510 pages of threads to find the answers. If you guys can tip me off a bit here it would be greatly appreciate and a huge time saver for me. I know that explaining again when I'm sure you've done it already in the past is a pain in the butt and feel like you're a broken record but your knowledge of these coins, values and venues of unloading them would actually be really greatly appreciated! CHEERS!
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CrazyCat's Avatar
United States
556 Posts
 Posted 08/12/2012  12:42 am  Show Profile   Bookmark this reply Add CrazyCat to your friends list Get a Link to this Reply
For the wheats, the main key dates are the 1909-S and 1909-S VDB, the 1914-D, and the 1931-S. There's also a few errors like the 1955 double die obverse, the 1943 copper cent and the 1944 steel cent that are very rare but can be worth a lot of money.

Of the memorial cents, the '69-S DDO, the '60 small date and the '70-S small date are the varieties and errors to keep an eye out for.

http://www.lincolncentresource.com/keydates.html

Here's a great website for further info on Lincoln cents.
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John1's Avatar
United States
56855 Posts
 Posted 08/12/2012  05:02 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
In my area wheat's are only worth 2 or 3 cents each to a dealer.
John1
Pillar of the Community
Canada
1723 Posts
 Posted 08/12/2012  12:41 pm  Show Profile   Bookmark this reply Add samsnate to your friends list Get a Link to this Reply
Ok so wheats value from place to place and everything from there up to 81 is just copper melt value with a few exceptions key dates,wide am etc etc.?
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Lonz's Avatar
494 Posts
 Posted 08/13/2012  7:22 pm  Show Profile   Bookmark this reply Add Lonz to your friends list Get a Link to this Reply
well... up to 82 - the mint changed mid year in 82 - you can weigh them or drop them on a hard surface to listen for the "ring" of the copper. My suggestion would be to grab a RedBook and a copy of the CherryPickers' Guide that has the cents in it - there are many doubled dies, rotated reverses, rpm's to look for - another good resource for modern lincolns is "Strike it Rich with Pocket Change"
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XavierOfGreen's Avatar
United States
2589 Posts
 Posted 08/13/2012  7:48 pm  Show Profile   Bookmark this reply Add XavierOfGreen to your friends list Get a Link to this Reply
There are also various errors one can looks for, Cuds, misaligned dies, partial collars, off center strikes ect. Copper Lincoln memorial cents usually sell for less than their melt price, but in Canada you might be able to get more for them since there is no law against melting American coinage in Canada I assume. Common wheat pennies go for 3 - 5 cents, though common ones from the teens go for around 10 cents a piece. The key to selling common wheats and copper memorial cents is to sell them in bulk lots.
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penny4urthoughts's Avatar
United States
192 Posts
 Posted 10/21/2012  01:40 am  Show Profile   Bookmark this reply Add penny4urthoughts to your friends list Get a Link to this Reply
QUOTE:
"Of the memorial cents, the '69-S DDO, the '60 small date and the '70-S small date are the varieties and errors to keep an eye out for."
On the 1960 and the 1970 S, just the small dates? or do they need be DDO to have significant value? Where can I download and print illustrations of these?
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Drsandman2's Avatar
United States
1374 Posts
 Posted 10/21/2012  02:56 am  Show Profile   Bookmark this reply Add Drsandman2 to your friends list Get a Link to this Reply
I'm sure it is against international law to melt US cents. Otherwise, everyone would be running to Canada with the 10 tons of US copper pennies they have been hording. The 60 small date really isn't that big of a deal, even in MS. Like someone stated, if you really want to know just grab a copy of the cherrypicker's guide or do more web searching. This info is EVERYWHERE, just google it.
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