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100,000 Lincoln Cents

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Pillar of the Community

United States
2600 Posts
 Posted 03/22/2007  11:17 am Show Profile   Bookmark this topic Add Jim1953 to your friends list Get a Link to this Message Number of Subscribers
I know a gentleman, now 96 years old, who owned a small town general store which he closed and retired from about 20 yrs ago. For some unknown reason he started taking all of the cents that people paid with and threw them into buckets. Over time this became 9 half filled 5 gal pails. He recently decided to sell them and I have purchased them. They are pretty filthy and cleaning them up and sorting has been almost mind numbing. They are running about 7% wheats and the balance Lincolns. We have gone thru about 30% of them and picked out anything that needs to be studied, i.e. 1955s looking for DD. What do I do with the rest of the memorial cents besides take them to the bank? Do they have any value, I know I cannot sell them for melt. Any ideas would be greatly appreciated.

Thx Jim
Pillar of the Community
Metalman's Avatar
United States
7123 Posts
 Posted 03/22/2007  11:47 am  Show Profile   Bookmark this reply Add Metalman to your friends list Get a Link to this Reply
There are alot of varieties/errors in the memorial cents also!

if you dont have the inclination to search them, then coinstar is the place to take them, no rolling like if you take them to the bank .

Metalman

Valued Member
Joeyuk's Avatar
United States
383 Posts
 Posted 03/22/2007  11:57 am  Show Profile   Bookmark this reply Add Joeyuk to your friends list Get a Link to this Reply
Comerce bank has those counting machines and no fee.
Perhaps I have too much time but I look at all the cents. I seperate wheat in 1 batch and copper memorial in another and the zincolns go with the rest of the change to the bank.
Rest in Peace
Gary Burke's Avatar
United States
3730 Posts
 Posted 03/22/2007  2:00 pm  Show Profile   Bookmark this reply Add Gary Burke to your friends list Get a Link to this Reply
I have hoarded about 50,000 Lincoln Cents to date. Someday our kids will have the same problem -- what to do with all those cents.

Edited by Gary Burke
03/22/2007 2:01 pm
Pillar of the Community
ndgoflo's Avatar
United States
626 Posts
 Posted 03/22/2007  2:56 pm  Show Profile   Bookmark this reply Add ndgoflo to your friends list Get a Link to this Reply
Somewhere in the neighborhood of 75,000 here.
Valued Member
United States
90 Posts
 Posted 03/22/2007  4:40 pm  Show Profile   Bookmark this reply Add Tomb to your friends list Get a Link to this Reply
quote:
Comerce bank has those counting machines and no fee.
Perhaps I have too much time but I look at all the cents. I seperate wheat in 1 batch and copper memorial in another and the zincolns go with the rest of the change to the bank.


Same here.

I also work in retail (family owned) so I can move alot in and out there.
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BRUCE 1947's Avatar
United States
834 Posts
 Posted 03/22/2007  8:43 pm  Show Profile   Bookmark this reply Add BRUCE 1947 to your friends list Get a Link to this Reply
Sad to say I also have a lot of them, don't know why I just do, and I have searched them all for errors I should cash them in however they just sit there.

Bruce.
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coppercoins's Avatar
United States
7629 Posts
 Posted 03/22/2007  10:49 pm  Show Profile   Bookmark this reply Add coppercoins to your friends list Get a Link to this Reply
No joke...I wrote the book for your cause. You don't even have to order it from me, there are hundreds of outlets to buy it...but for your purpose it fits the bill perfectly.
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BRUCE 1947's Avatar
United States
834 Posts
 Posted 03/22/2007  11:32 pm  Show Profile   Bookmark this reply Add BRUCE 1947 to your friends list Get a Link to this Reply
Chuck.
I use used your book to go through all those cents I have and I did find a few nice errors the rest just sit there.

Bruce.
Pillar of the Community
littleboy's Avatar
United States
764 Posts
 Posted 03/23/2007  02:39 am  Show Profile   Bookmark this reply Add littleboy to your friends list Get a Link to this Reply
"looking through lincoln cents" is a very informative book with great pictures to compare to.
ps chuck.. my girlfriend still picks on me; first because I bought a book about pennies, and second because it took me 3 days to read cover to cover. I praise you on it though =]
Pillar of the Community
United States
2600 Posts
 Posted 03/23/2007  11:25 am  Show Profile   Bookmark this reply Add Jim1953 to your friends list Get a Link to this Reply
Thx for the input, all. I am going to try coppercoin's book and see if I can finish ruining my eye sight
Jim
Bedrock of the Community
United States
20753 Posts
 Posted 03/23/2007  4:04 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
I have both those books from coppercoins. Might pay to go through all those coins for that one that may be worth a fortune. By me LaSalle and many other banks will take coins for no charge. I go to a bank several times a month and get a $50 bag of cents, look through them, take them back to another bank. IF you want to have some fun here is something to try. Not long ago there was a story in the Chicago area papers of a man that saved pennies (cents) for about 60 years. He called his bank and asked if they would pick them up. Not only was the story in the newspaper but they had photos of bank guards with wheel barrels full of the coins on the way into the bank. The story said there was about $80,000 in coins. What happened next was a run on that bank from every coin dealer in the area buying all those coins and for face.
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docsfishn's Avatar
United States
1031 Posts
 Posted 03/26/2007  10:53 pm  Show Profile   Bookmark this reply Add docsfishn to your friends list Get a Link to this Reply
I have over 6,000 wheats and ? lincoln. I know the years but I haven't figured out the errors yet. Help... What's the best book or place to figure this out? I know there's a lot of info here but it's so hard to keep looking at them.
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tights24's Avatar
United States
2254 Posts
 Posted 03/27/2007  06:59 am  Show Profile   Bookmark this reply Add tights24 to your friends list Get a Link to this Reply
See the post right above yours docsfishn. I too have coppercoins book. I can't remember the name, but I'm sure it's on his site. I think it's "A Guide to Lincoln Cents" by Charles Daughtery. It is a wise investment. You can also use his website, coppercoins.com and type in searches there.

What I started doing, was I bought a fishing tackle box that is four drawers high. Each drawer divides to about twenty 3X3 pockets. You can make them any size you want as there are grooves in place to hold the dividers. I then started sorting by date. From there I start comparing them to his book. Definitely stops you from flipping pages like a maniac.
Valued Member
Fishnwidow's Avatar
United States
228 Posts
 Posted 03/27/2007  10:07 am  Show Profile   Bookmark this reply Add Fishnwidow to your friends list Get a Link to this Reply
Great idea tights24, I started sorting coins this weekend and was becoming overwhelmed with what to do with them. Got the husband a tackle box a while back he hasn't used yet. I shall borrow it back for a bit.

Fishnwidow
Bedrock of the Community
United States
20753 Posts
 Posted 03/27/2007  7:09 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Posted - Yesterday : 10:53:01 PM
--------------------------------------------------------------------------------

I have over 6,000 wheats and ? lincoln. I know the years but I haven't figured out the errors yet. Help... What's the best book or place to figure this out? I know there's a lot of info here but it's so hard to keep looking at them.

HMMMM. Someone is not reading what has aleady been said.
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