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 Replies: 9 / Views: 1,374 |
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Valued Member
United States
65 Posts |
Hi, I have about 100 rolls of pennies. All hand rolled with a good mixture of wheat and Lincolns. Are there any value to pennies other than one cent. It would take forever to go through all of them especially since I have to use a magnifying glass to see. Thanks, Peaches  |
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Valued Member
United States
124 Posts |
Only 1939s and back are worth more than face value.
50 cents in average VF condition. 1920s are worth $1 to $2. 1919 and back can go for good money depending on the grade.
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Bedrock of the Community
United States
94367 Posts |
The only way is to sit down and do it. Save anything before 1940. Buy a pricing guide and learn simple grading techniques, no big challenge. I would value any (undamaged) Wheat cent of any date at Two Cents minimum. |
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Valued Member
 United States
65 Posts |
Thanks for the advice. I shall start going through them.
What is the best way to store the? In rolls and then marked?
Peaches
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Rest in Peace
10197 Posts |
Peaches The question is, what do you want to do with these coins? Save them for your own collection, or just separate what may have value and attempt to sell? An additional question is how deep into this search do you intend to go? Not trying to pry, but action depends on direction you chose to go. Upon separating coins how deep into categorization do you go, pick out just specifics, all Wheat cent, all 1909-1939 Wheat cents, all copper coins verses zinc coins. See, many ways, what are your intentions? If I remember right from a previous post these were your Husband's, you're trying to figure out? If you ask a collector in general you get one type of answer (as above). If asking am small cent freak like myself, we ask about the key dates, the error coins all these indepth details (we're addicts!). That is why I ask, help you determine what your purpose is and help basically dispose of these coins. |
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Rest in Peace
United States
18456 Posts |
Peaches > The first thing is to get the terminology correct . It's Wheat cents and Lincoln Memorial cents . Ok now get yourself a Coins Magazine , no need to buy the Red Book at this time . As stated above save all wheats . If you want to save 95% copper cents then also save 1959-1981. 1982's would need to be weighed to determine copper content . Crazyb0, asked how far into this do you want to go . You can look for errors , varieties or just real nice Almost uncirculated Memorials with loads of mint luster .  |
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Pillar of the Community
United States
997 Posts |
If I were you I would first separate out all the pennies by year. Then compare them for condition and select the best condition of each year and mint-mark for your books if you have them.
US wheat pennies (and "Penny/pennies" is perfectly acceptable while "Cents" may be more technically correct) have a little added value. Not enough to consider it an investment, especially in the fairly small numbers you are talking of.
Coin dealers and collectors will usually give a small premium for wheats, so even if you have 100 rolls of Wheat pennies don't expect to get much more than 75 cents to a dollar or so for each roll. At this rate it is probably better just to hang on to them and put together your own collection.
There will be a larger premium of course for specific key dates and coins of exceptional condition and error/variety types.
Memorial pennies before 1982 and some of the 82's themselves are mostly worth saving for their copper content but again, in the small numbers that you have and since it is illegal to melt them, don't look on it as an investment.
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Pillar of the Community
United States
3469 Posts |
The US Mint calls the Lincoln coin a Penny. In fact, they list them as Pennies on the certificate of authenticity in the uncirculated and proof sets issued each year. If "Penny" is what the folks who make them call them, we who spend them should be okay to use that name as well.
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Rest in Peace
United States
18456 Posts |
Quote:
a good mixture of wheat and Lincolns. Was just trying to get her to know the difference between wheat Pennies and Lincoln Memorial Pennies . I wasn't referring to the term Cents .  |
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Moderator
 United States
188213 Posts |
Quote:
If "Penny" is what the folks who make them call them, we who spend them should be okay to use that name as well. Personally, I prefer the term cent. However, I do agree with this statement and do not mind when people call them pennies.  Quote:
Was just trying to get her to know the difference between wheat Pennies and Lincoln Memorial Pennies .
I wasn't referring to the term Cents . Thank you.  |
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Replies: 9 / Views: 1,374 |
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Posted 07/04/2017 5:17 pm
