| Author |
 Replies: 20 / Views: 3,482 |
|
New Member
10 Posts |
I've been finding a few in ym change lately. 1950, 1954, 1940, 1933, etc.
Not sure if they're worth keeping. I don't know if they're worth much...Some say they're worth a lot but most say they're only face value.
Let me know.
Thanks
|
|
|
|
Bedrock of the Community
13014 Posts |
Some dates with the right mint marks can be very valuable. Even the common ones if you wanted you can save up and sell in lots on ebay for over face value. |
|
Pillar of the Community
United States
1745 Posts |
I save all wheats, they are typically worth 3-4 cents each.
|
|
Bedrock of the Community
United States
10982 Posts |
These are composed of copper (primarily) and as such are worth saving if you've already got them separated.
All pre-1982 Lincolns are worth saving unless you have storage problems with the weight/volume/etc.
|
|
Pillar of the Community
United States
2602 Posts |
I would have to think at some point, common wheat cents would climb to 5-10 cents apiece range. I don't know when that would happen. But those coins are more than 60 years old now and they seem undervalued at 3-5 cents apiece. Especially when melt copper value is running about 2.5 cents.
|
|
Pillar of the Community
United States
3278 Posts |
Wheats are cool, save them all
|
|
New Member
United States
31 Posts |
I also save all of them. If anything, they are mostly copper, and that will always be worth something.
|
|
Pillar of the Community
United States
1211 Posts |
Why stop at 1950? Might as well just collect the last 8 years as well.
|
|
Pillar of the Community
United States
2200 Posts |
With the majority of mintages in the hundreds of millions, wheaties (with the exception of the obvious key dates) will never be worth anything appreciable. They might edge up to the point where you could sell them to a dealer for 5-10 cents each, and the older ones (say pre-1940) might fetch you another nickel. (You could always tell your lousy kid brother that they're worth $10 each and try to rip him off.) You'd have to get them in close to uncirculated condition for them to be worth any real money.
That said, I love getting a wheatie in change--it can perk up an otherwise drab day. I always stash them away in a special box reserved just for them. I save them for their numismatic value--meaning the sense of history that I get from them. But they will never be worth anything more than that.
Edited by jpsned
12/05/2012 10:42 pm
|
|
Pillar of the Community
United States
2077 Posts |
If you had 500 of them and you kept them instead of putting them back in circulation, you'd only be out 5 bucks.
|
|
Valued Member
United States
271 Posts |
I think they are worth keeping. Sure, they are common. But you have to ask yourself, why do you collect coins? If it is for the value or investment, you may want to consider something besides common wheat cents. I collect because I just like the coins. I save every Wheat cent I find except for the really badly damaged ones, and those I give to my son. (he'll get the good stuff when I die) The beauty of coin collecting is that you don't need much investment to get started. I also save any coin I find in the wild that is in just remarkable condition. I save any state park quarter I find and many others. Sure, they aren't worth much if any over face value, but they are neat. Someday they might bring a premium, but I'll doubt it will be much of a premium. I kind of like to imagine my great great great grandson saying, "This collections started with my great great great grandfather and has been in the family for four generations...." Lol. It could happen. |
|
Pillar of the Community
United States
3278 Posts |
Quote:
It could happen If you convince them into not cashing out when your gone  |
|
Pillar of the Community
United States
1116 Posts |
Sure these coins were minted in the millions but somehow I think that over the past 60+ years a lot of them have been lost for one reason or another. I just can't help but feel that its predecessor, the IHC has lost a majority of the coins that were minted during its reign. So at the very least it can't hurt someone to stash these coins away now and then. I'd go for it while I had them come into my possession. |
|
Pillar of the Community
United States
7187 Posts |
I have always enjoyed finding a Wheat cent. As I began my collecting with Lincoln cents I only horded the wheat's with the association of my birth year of 1958 and at some time had amassed over $60 of them. Alas they were lost to a burglary and I now only have an old prestige proof set box of them gathered after the theft. |
|
Pillar of the Community
United States
965 Posts |
Wheat cents are coins, I collect coins  |
|
Pillar of the Community
United States
1200 Posts |
For me, wheaties are the heart and soul of CRH. They're the only half-century-old thing I can find EVERY single time I do a couple hours of searching, and that's truly encouraging. If the only CRH I did was searching for silver, I would've jumped off a bridge by now. The wheaties I find have little market value, but the encouragement value they have to me is priceless.
One vendor at a recent show had a large box full of used square cent storage tubes for 10 cents apiece. I figured those tubes had to be a Divine Direction, so I fished out all the CoinSafe brand ones and bought all 220+ of them. Comparing 10 cents each to retail+shipping, that was my best coin show buy ever. I'm rarely lucky enough to snag anything for 1/5 of retail.
Those tubes are the foundation of my first big 2013+beyond project. I intend to fill them all w/ wheaties--if I live long enough and if pennies are around long enough. I sort by hand, so that's a lot of Pink Floyd/Led Zeppelin wheatie-hunting nights in front of me right now. Luckily, I've got the complete PF & LZ career libraries (as well as many others) on my iPods.
I've got 50+ boxes of pennies in Closet #1 just to get started with and on 1/1/13, the operational phase of The Big Project starts up...
|
| |
Replies: 20 / Views: 3,482 |
Posted 12/05/2012 3:33 pm
