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Wheat-Back Pennies: What Is The Appeal?

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FinanceGuru's Avatar
United States
337 Posts
 Posted 09/24/2012  12:32 pm Show Profile   Bookmark this topic Add FinanceGuru to your friends list Get a Link to this Message Number of Subscribers
Can anyone explain the reason they collect wheaties? What is the allure?
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The_Duke's Avatar
United States
1745 Posts
 Posted 09/24/2012  12:44 pm  Show Profile   Bookmark this reply Add The_Duke to your friends list Get a Link to this Reply
I will take a stab in the form of a list:
- For many of us, they were the coin which got us started in our youth. Everyone had a Whitman folder growing up.
- They can still be found in circulation
- Everyone likes Abe Lincoln
- They are an attractive coin: MS-Red, toned, nicely worn, an attractive looking coin.
- They can be reasonably priced in high grades
- Many people collect them, so they are readily available

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Dave H's Avatar
United States
1436 Posts
 Posted 09/24/2012  12:48 pm  Show Profile   Bookmark this reply Add Dave H to your friends list Get a Link to this Reply
The Duke has hit the nail on the head... they're readily available in high grades and are reasonable in price. There aren't too many keys / semi-keys so the set is easily put together
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barryg's Avatar
United States
5836 Posts
 Posted 09/24/2012  12:52 pm  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply

Quote:
They can still be found in circulation

That's a big part of it for me. Old dimes and quarters were pulled from circulation years ago due to their silver content, whereas a lot of wheat-back pennies are still in circulation because they don't look different from more modern cents upon cursory examination. It's just so amazing to look through your pocket change and see a coin that is 60-100 years old staring you in the face...

Oh, and
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IowaHawkeye's Avatar
United States
72 Posts
 Posted 09/24/2012  1:00 pm  Show Profile   Bookmark this reply Add IowaHawkeye to your friends list Get a Link to this Reply
The Duke hit the nail on the head. I still have that Whitman Lincoln folder I bought at the drug store in '69 when I was 9 years old.....
Valued Member
FinanceGuru's Avatar
United States
337 Posts
 Posted 09/24/2012  1:17 pm  Show Profile   Bookmark this reply Add FinanceGuru to your friends list Get a Link to this Reply
Thanks everyone for the replies. That makes a lot of sense. I guess I was wondering because I see so many of them in my coin jar that I didn't quite understand the "collection" value.

I was looking at a couple of the local coin clubs websites in New Jersey. One of them had their members collect a number of pennies from the local bank, sorted through them, and then categorize them. In total it was something like 30,000 coins. A lot were relatively recent, they found a bunch of Wheaties, and I know that they found one very old penny. Seems like a lot of work but if you're the person who found that really old coin I guess it's really fun too!

Do any of you actually clean the circulated coins to make them look shinier or do you leave them in the state you found them?
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jeffrose's Avatar
United States
1432 Posts
 Posted 09/24/2012  1:20 pm  Show Profile   Bookmark this reply Add jeffrose to your friends list Get a Link to this Reply
FinanceGuru

Let me be the first of many replies to say

Never Clean Coins
Valued Member
FinanceGuru's Avatar
United States
337 Posts
 Posted 09/24/2012  1:38 pm  Show Profile   Bookmark this reply Add FinanceGuru to your friends list Get a Link to this Reply
You don't even clean coins that have been in circulation? I understand not wanting to do that for mint coins.

I guess part of the appeal of having circulated coin is the dirt and toning on it?
Edited by FinanceGuru
09/24/2012 1:39 pm
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barryg's Avatar
United States
5836 Posts
 Posted 09/24/2012  1:41 pm  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
There are ways to gently clean coins that remove dirt without damaging the coin's surface, but what most people consider "cleaning" (including polishing, scrubbing, "dipping", etc.) does irreversible damage to the coin.
Rest in Peace
numismo's Avatar
United States
3039 Posts
 Posted 09/24/2012  2:31 pm  Show Profile   Bookmark this reply Add numismo to your friends list Get a Link to this Reply
They're reminders of a bygone era AND 95% copper.
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jbuck's Avatar
United States
187678 Posts
 Posted 09/24/2012  3:44 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
When I first started collecting the Lincoln Cent (around 1980), the Wheat cent was always a special find because it was different. Now, I like them for sentimental reasons.
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ninamason's Avatar
United States
1227 Posts
 Posted 09/26/2012  07:30 am  Show Profile   Bookmark this reply Add ninamason to your friends list Get a Link to this Reply
Let's start with:

Bienvenidos, wilkommen, ""そ, ni'hao, Buon Giorno, shalom, bienvenue, welcome! (I'm in a mood tonight, apparently.)


Let's continue with:

NEVER EVER EVER EVER EVER EVER EVER CLEAN COINS


And finally: wheats are the coin I most commonly find in circulation, and I'm a circulation collector. Also, I really, really like the design of the back; I've mentioned before and will say again that if ever our dollar deflated to the point that a cent was once again desirable, I can think of no more beautiful redesign than the Liberty Indian obverse, wheat reverse, with the typeface for the back being updated to the new one on the back of the shield cents.
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Senex's Avatar
291 Posts
 Posted 09/26/2012  08:56 am  Show Profile   Bookmark this reply Add Senex to your friends list Get a Link to this Reply
I cull them from circulation mostly out of habit. Don't get many nowadays though
Bedrock of the Community
BadThad's Avatar
United States
19931 Posts
 Posted 09/26/2012  2:44 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
- Cool design
- They're COPPER, I like copper
- Challenging to collect (there's a lot of coins needed to complete)
- Generally, a good supply in the marketplace
- Lots of varieties and errors keeps it interesting
- Beautifully toned examples (I like toning)
- Most are resonably priced
- Like LOVE Abe, he made and defined history
Lincoln Cent Lover!
VERDI-CARE INVENTOR
https://verdi.care/
Valued Member
Senex's Avatar
291 Posts
 Posted 09/26/2012  2:57 pm  Show Profile   Bookmark this reply Add Senex to your friends list Get a Link to this Reply

Quote:
Let's continue with:

NEVER EVER EVER EVER EVER EVER EVER CLEAN COINS


Unless you know what you're doing.
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SHAFTA9a's Avatar
Canada
10743 Posts
 Posted 09/26/2012  3:19 pm  Show Profile   Bookmark this reply Add SHAFTA9a to your friends list Get a Link to this Reply
I'm a Canadian Lincoln Cent collector, I just go crazy when we get a box of cents and find Lincoln wheat backs in them.

We, have a complete set, sans the 09S VDB..
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