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 Replies: 8 / Views: 1,645 |
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Valued Member
United States
459 Posts |
I have a hoard of wheat cents from my Dad. About 8800 of them. These are mostly in rolls with loose ones in groups of less than 50 per year. They are also organized by date. There are about 440 1909-1919, 550 1920-1929, 750 1930-1939, 3700 1940-1949, 3000+ 1950-1959. They look pretty nice. The older ones are more worn than the newer ones but all in all a great collection. Unsearched for repunches and varieties. Most of this stuff has been in rolls for many decades. I put them on Craigslist this morning for $850 all or none. Is this reasonable or way out of line? I don't really collect US cents so I'm a bit unclear where to start. I know that I will not find time to check them myself. I also have many more thousands of 1960-1982 that I have not even counted yet that will have the same issue, that is how to sell them. Ed
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Pillar of the Community
United States
2368 Posts |
Before you do anything, separate them into groups by mintage.
Key to the series: <0.5 million made (1909-S V.D.B)
Key date: 0.5-2 million made (1909-S, 1914-D 1931-S, etc.)
I would sell the 1909-S V.D.B and the other key dates individually to a coin shop. Depending on condition, these dates can go into the hundreds or even thousands of dollars. If you want the best price for them send them in to a grading service like NGC or PCGS. They will be easier to sell online this way.
Semi-key date: 2-10 million made (1926-S, 1932, 1911-S, etc.)
Better date: 10-50 million made (1920-S, 1935-S, 1915, etc.)
How many semi-key and better dates will make up the bulk of your asking price. Any good condition semi-key date should also be professionally graded (slabbed) and sold individually.
Other than that, $10 per semi-key and $2 for every better date.
Common dates typically have a mintage of 50+ million. Separate the common dates by decade. Ones from the teens should go for 25 cents a piece, the 20s 15 cents per coin, the 30s 10 cents, and 40s and 50s 5 cents. Hope this helps!
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Pillar of the Community
Canada
785 Posts |
I wouldn't sell them until I at least went through the 1909-1919 group. If you find just one 1909s vdb, it could be worth more then the $850 your asking for them. Although if it was me I would go through every one of them.  Edited by Nathancrh1
11/30/2013 10:00 am
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Pillar of the Community
United States
1358 Posts |
I suppose if you know there aren't any keys or semi-keys in there the price is about right, especially if you don't want to go through them yourself.
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Bedrock of the Community
United States
20753 Posts |
IF truely unsearched and there is just one 22 plain, someone will get a real prize. So many possible valuable once and your dumping them for one price? Not real smart. Might take a few days but you could go through them. Quote:
I don't really collect US cents so I'm a bit unclear where to start. With so many hundreds of posts, how could you not know. Edited by just carl
11/30/2013 5:20 pm
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Valued Member
 United States
459 Posts |
OK Just returned home. Looks like I caused some confusion with posting too quick. This is my Grandfather's/Dad's hoard, it is divided into dated mint marked rolls mostly with loose coins in groups less than 50 in plastic drawers. Since everthing is dated I am already sure there is nothing super valuable ie: 1909sVDB, 1914D, 1922 plain, 1931S etc. I have not yet checked for sub-key dates like the 1926S mentioned above.
So it IS date and mint searched. What has not been done is search for varieties and RPMs etc. I havn't even opened rolls as none of them are from key date years. I bought my Dad a cherry pickers book but he died before using it, but he wanted to. My focus is Canadian large cents which is beyond full time already hence lack interest in going through this collection. I would rather sell it whole and use the time and money elsewhere. So what I was trying to discern was a fair price so I don't give it away and it is likely to sell in a reasonable time.
Thanks to the encouragement above, it sounds like my price is at least in the ballpark. This hoard is at least 60 lbs with another unknown number of lbs of 1960-2013. My car felt like it was dragging the pavement when we brought these home from my Dad's. ed
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Bedrock of the Community
United States
19935 Posts |
Are there any early branch mint coins?
Personally, I'd separate them. The 1909-1939 coins, especially if you have branch mints, can be worth a lot more. You definitely want to check for EF-MS coins!
If the lot is just avg circulated ("G and better") coins and mostly philly, the retail would be 5 cents per, or $440. If there's a good number of 1909-1925, $880 is probably fair.
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Pillar of the Community
United States
1053 Posts |
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Moderator
 United States
187950 Posts |
Denver and San Francisco are branch mints.
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Replies: 8 / Views: 1,645 |
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Posted 11/30/2013 07:27 am
