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Would It Be A Sin To Return Old Coins To Circulation?

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Gregory Grant's Avatar
United States
19 Posts
 Posted 08/12/2016  10:31 am Show Profile   Bookmark this topic Add Gregory Grant to your friends list Get a Link to this Message Number of Subscribers
I bought some penny rolls as starters and I have a bunch of extras like six or seven 1907 indian head pennies and the like. They're low grade like between VG and Fine. They wouldn't be worth trying to sell.

Maybe I can wait to accumulate a large lot of extras and sell as one lot, but I was thinking it would be fun to just spend them and return them to circulation. Some may get thrown out or lost or destroyed but others will surely give some people a smile when they find them in their pocket.

Is there a prevailing opinion about doing that kind of thing, like is it considered a sin towards the coin collector community, and is therefore strongly frowned upon? I'm relatively new at this so I don't want to start with bad Karma.

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Mister Kairu's Avatar
United States
1911 Posts
 Posted 08/12/2016  10:34 am  Show Profile   Bookmark this reply Add Mister Kairu to your friends list Get a Link to this Reply
As far as I know, many people do this and it is perfectly fine. Many look well upon it, as finding some of those older coins may spark interest from someone who is not currently in the hobby. A good thing to do if you are willing, IMO!
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ARcoins's Avatar
United States
280 Posts
 Posted 08/12/2016  10:44 am  Show Profile   Bookmark this reply Add ARcoins to your friends list Get a Link to this Reply
I like this idea !
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UltraRant's Avatar
Norway
1358 Posts
 Posted 08/12/2016  11:23 am  Show Profile   Bookmark this reply Add UltraRant to your friends list Get a Link to this Reply
I really like the idea. I'm actually wondering if some shop keepers will refuse them and think you're trying to fool them with some fantasy tokens or so. Please let us know what happens, if anything.

Otherwise, you can always try to sell them. Just look at the 'worst coins on ebay' thread to see what other people are trying to sell them - and for which prices. On a more serious note, you can probably get more for an Indian Head cent in VG or F than just one cent. It's up to you to decide if it's worth the effort, though.
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John1's Avatar
United States
56855 Posts
 Posted 08/12/2016  12:23 pm  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
You could give them to a kid and get them started in the hobby.
John1
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GR58's Avatar
United States
11951 Posts
 Posted 08/12/2016  12:27 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
Very cool idea ....

Be nice to see the face of some that would get one in change.
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T-BOP's Avatar
United States
18456 Posts
 Posted 08/12/2016  2:09 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
Absolutely ok doing this . Great idea .
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YNumismetals Collector's Avatar
United States
354 Posts
 Posted 08/12/2016  2:35 pm  Show Profile   Bookmark this reply Add YNumismetals Collector to your friends list Get a Link to this Reply
How about a giveaway?
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Gregory Grant's Avatar
United States
19 Posts
 Posted 08/12/2016  4:17 pm  Show Profile   Bookmark this reply Add Gregory Grant to your friends list Get a Link to this Reply
Thanks everybody for the encouragement, I'm definitely going to do it then. I realize I could get more than 1c each if I tried but it hardly seems worth the effort, at my age I can spare a few bucks, I'll get my money's worth by getting a kick out of imagining the strangers getting a kick out of finding them.

I do feel a little bad that they might really believe they were in circulation for 100 years. But no real harm done I guess. If I found an old dime or quarter I'd probaby assume some kid stole them from his parent's coin collection to buy candy. But I doubt a kid would bother to steal pennies only to spend them as pennies, these days. So if I found an old penny I'd probably believe it had been in circulation all that time. Maybe I'll even get crazy and spend my extra "about good" Flying Eagle cent :-)

I'll also give some to kids to try to get them started, maybe give them a penny album too.

Somebody mentioned doing a "give away". How does that work, is there an official "give away" mechanism on this site?

Thanks again for the responses!




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Coinfrog's Avatar
United States
94367 Posts
 Posted 08/12/2016  5:08 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Absolutely a great idea. Undamaged nice common IHCs can be sold for 75 cents or so, but that really doesn't amount to much, so give some youngster or CRHer a thrill.



to the CCF!
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CalzoneManiac's Avatar
United States
2233 Posts
 Posted 08/12/2016  5:42 pm  Show Profile   Bookmark this reply Add CalzoneManiac to your friends list Get a Link to this Reply
It isn't any more of a sin than buying coins from Centsles' National Numismatic Certification (NNC) service.

I'm fine with the idea of dropping junk Indian cents and V nickels into circulation.
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John1's Avatar
United States
56855 Posts
 Posted 08/12/2016  5:54 pm  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
There is a contest section.
John1
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jbuck's Avatar
United States
189222 Posts
 Posted 08/12/2016  5:56 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Giving them away to known numismatists is probably preferred to hoping they are found again by random chance. However, a lot could be said about finding stuff in change.
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Coinfrog's Avatar
United States
94367 Posts
 Posted 08/12/2016  6:00 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
I rather like the thought that an odd-looking coin might eventually find its way into the hands of someone with a budding collecting instinct.
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sel_69l's Avatar
Australia
21788 Posts
 Posted 08/12/2016  6:30 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I return all foreign coins back into circulation that I have received in change,
provided that
they are are of exactly the same physical specification as current circulating coinage.

The Law is a dummy, and the automatic checkout machines at supermarkets couldn't care less.
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trout1105's Avatar
Australia
7096 Posts
 Posted 08/12/2016  6:44 pm  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply
Why not just send them to "Bobby131313" and he could hand them out at the next Fun Show to the kids
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