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 Replies: 14 / Views: 3,872 |
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Valued Member
United States
65 Posts |
Hi, I have been going through my father's coin collection to get ready to take to the dealer. I am wrapping jars and jars of wheat pennies. I'm looking for that 1943 copper penny but no luck yet. I did come across a few pennies dating from 1914-1928. Are these worth keeping.  I am almost done going through everything. I have a couple of the much older pennies. Can you tell me if most dealers want all coins wrapped? I have silver dollars, half dollars, quarters and also war tune  nickels. Thanks Peaches |
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Rest in Peace
10197 Posts |
Peaches, Boy, going through that is indeed a chore. Going to a dealer is only one option of a few different directions to go. Remember that dealers are in business to make bucks, big bucks. They usually give "pennies on the dollar" (sic). They will offer you quite a bit less than "market" value. It may take a bit longer, but if you could find a collector who may help you sort through your father's collection before you just "dump it all" at the dealer, you stand to reap a few more rewards. Those pennies you posted for instance, most are very common but the 1913D is not, and that goes for rare key date coins woth hundreds. The 13D is Not worth a whole lot more, but I would think a dealer would give you 2 cents for each Wheat cent. My local guy buys for 2 and sells for 4, if he sells quantity, maybe 6 cents or more each. Do that for the other coins, silver War Nickels sell for (90 cents each, silver dimes $1.20, silver quarters $3.00...dealers won't give you anywhere near that. Now take a "rare" coin, the dealer just may not tell you it is and what it's really worth. That's why I said find a collector, offer them a set percentage of the "take", he'll work for you. Wish you the best. PS: I'd make the dealer work for it, don't wrap it up. Edited by Crazyb0
04/27/2017 9:36 pm
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Pillar of the Community
United States
1116 Posts |
Peaches:
Another option (rather than the dealer route) is if there is coin club near you see if they have a coin option after their meetings. There you should be getting a better dear and you set the acceptable reserve. If it doesn't sell, try again. Sometimes it will be sole above the reserve abount and you win more.
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Rest in Peace
United States
18456 Posts |
Peaches , get a few more posts , I believe you need 50 . and put them up for sale on this forum . you'll be surprised how many collectors we have here .  |
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Pillar of the Community
United States
1187 Posts |
Hello. I also would not recommend you going to a dealer. Odds are you wil only get 2 cents a coin which just isn't worth it. If they have a lot of stock they may only offer you face value!! Anything teens, twenties, and possibly 30s carry a premium over the 40s and 50s. You can usually fit $10 face value in a small flat rate priority mail box for about $6.50. While it's more work, you could make more money by selling online. Best of luck to you.
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Pillar of the Community
United States
7509 Posts |
Peaches,
I would definitely take Crazyb0 and LibertyEagle up on their advises.
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Valued Member
United States
186 Posts |
Peaches,
Is the coin in the top row one from the left a 1914-D? That would be a key date, worth hundreds of dollars.
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Valued Member
 United States
65 Posts |
Hi All,
Thanks for the advice. I will look into a local club first. I was only saving the wheats from 1930 and below. Should I be saving the ones in the 30s? I did come across a few from 35, 36 and 37 so I thought those were common. I also have a number of old silver, halfs and dimes along with one or two really old pennies.
Peaches
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Pillar of the Community
United States
907 Posts |
Save all the wheats. You can sort them by decade. If you have any in "new" condition avoid getting finger prints on the coins by handling them on the edge only or by wearing cotton gloves or gloves without powder.
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Bedrock of the Community
United States
94367 Posts |
Sorry, you wouldn't even get Two Cents apiece for several of these, which are clearly damaged and of no collector value. |
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Bedrock of the Community
 United States
12816 Posts |
I tend to agree with Coinfrog. They're all in pretty rough shape, but you can still put them in a folder to start a "from circulation" collection if that interests you.
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Bedrock of the Community
United States
94367 Posts |
Good idea! Anyway, peaches -  to the CCF! |
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Valued Member
United States
65 Posts |
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Valued Member
United States
119 Posts |
You can start your own collection and save for children or grandchildren. |
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Pillar of the Community
United States
3463 Posts |
How about some more pictures of what you have? I agree with T-BOP Quote:
Peaches , get a few more posts , I believe you need 50 . Edited by cwb
10/06/2017 6:28 pm
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Replies: 14 / Views: 3,872 |
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Posted 04/28/2017 12:15 am
