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 Replies: 29 / Views: 2,467 |
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New Member
 United States
8 Posts |
I'm only trying to gain some knowledge and make sure that I do the right thing with these pennies. As of now, they're worth 1 cent each. Later, if I find out they're worth more, that would be good. But here and now there're not for sale. Just up for discussion.
I've learned two things so far:
1) Don't take the pennies to the bank just yet.
2) You can brush your hair and teeth, but just don't brush your pennies.
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New Member
United States
2 Posts |
Hi, Suggest you purchase " The Official Red Book A Guide book of United Stets Coins 2008" addition from a local coin dealer or Borders books. Find out everything about the Lincoln coin you have before to attempt to sell any of the coins. For instance (1) 1909 S VDB Lincoln Cent (VDB Designer initials on the back side of the coin)in like new condition MS63 list for $2,200, a 1914 D in MS (mint State) list for $3,200. Your one lucks guy. Tony |
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Valued Member
United States
429 Posts |
Like everyone else says, look at it as a complete set and find out what exactly you have. The first thing to do is buy a book or two and do some research, you can also look at the net for the same things and not have to spend any money that way. The two main items you will want to look at is the grade and the value. If you have 10,000 pennies and all of them were wheat backs you would have $500 with low grade common dates and most likely worth a couple of thousands with some nicer coins or a couple of key dates.
Even if you do not plan on keeping them, do some research. Think of it like a new car, you don't just pay for the first thing you see, you test drive it and do some research. This way it protects you and who ever you may sell them to. If you know what you have someone can not take advantage of you as easily. From there I would see if you have a relative or friend that may be able to help you out. As you can tell from the posts, a lot of us would jump at the chance to look through them let alone have a chance to purchase them.
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New Member
United States
8 Posts |
Ok folks.the story goes something like this. About 30 years ago, my father-in-law, Bill, pulled up to a gold and coin dealer in Dallas Texas when a lady asked him if he could help her bring these heavy bags and case into the store to sell them for cash. Bill asked the lady what was in the bags and case, she told him that it was her late husbands penny collection that he had collected for years. She also said that she noticed that someone was taking some of the pennies from the collection and suspected that it was their maid. That was when she decided to take the collection to a dealer for cash. Before the lady and Bill made it into the dealers shop, Bill offered her $300 for the collection. Bill made this offer without exploring the contents of the bags and case and he has absolutely no knowledge of coin collecting.kinda like myself. The lady took his offer and then they loaded up the bags and case into his car. .Thirty years later, Bill falls ill and gives me the collection. He told me this story and that he knows nothing about the value of the pennies. They've been under my bed for some time and decided that I need to do something with them. .so here I am. I did a quick search on the web and it appears to me that this site will be a good place to gain knowledge about this penny collection and figure what the best course of action will be. I really appreciate your input thus far. Here is a link to some images of the collection. This guy obviously put a lot of time into it. [lnk] http://imageevent.com/torquer/pennies[/lnk] |
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Bedrock of the Community
United States
14454 Posts |
you are right, it looks like the guy took some time building the site and categorizing all of them . You could be sitting on a fortune there if he has the key date coins in there, and looking by the books he knew what to look for so I wish you best of luck with this collection
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Valued Member
United States
294 Posts |
Wow.  you should be danceing Willsdeal. First contaner I would check out is the one labeled 1909-1929 and keep your toes crossed. Look like from some of the charts it is not a complete collection but you have some good stuff there. One question if this has been sitting since 1965 that was the latest coin he had ,how did the 1980 Grey sheet get in there?  Seeking:More dates Rainman  |
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New Member
United States
8 Posts |
I'm trying to figure out what to look for in this set of pennies...
I'm not exactly sure the period in which he was collecting the pennies but the 1980 sheet coincides with my father-in-laws story of purchasing this collection roughly 30 years ago...
Nonetheless, this is what I have and just trying to figure it all out.
Thanks,
-Will
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New Member
United States
8 Posts |
p.s. I'm not a very good dancer...lol!
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Valued Member
United States
294 Posts |
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Valued Member
United States
294 Posts |
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Valued Member
United States
294 Posts |
Sorry for the 2 post couldn't get both links on the same page. As you can see by these to links you have 2 different types of pennies Wheat's 1909-1958 / Memorials 19559-Current. The lower the mintage makes for a key date. That is why some are worth more than others.
Seeking: Hopefully some of this info will help.
Rainman
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Valued Member
United States
294 Posts |
One more thing that paper you have Monthly Summary November 1980. Look at that it will give a idea of the different coin values but of course those prices have changed a lot since then. seeking:More Info Rainman |
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Valued Member
United States
429 Posts |
I think your first step is to see if you have key and semi key dates, for most of us those include:
1909s vdb
1909s
1911s
1912s
1914d
1914s
1917 double die
1922 no d
1924d
1931s1955 double die
I know that some people will disagree with a few of these because you get lower grades at a descent price, but for a higher grade they get really expensive. Most dealers will only give you 2-3 cents for what you have when a majority from 1909-1930 are most likely about $.50 and then the newer ones are about a nickel.
You have a really nice collection here, take some time and look into it. If it was sitting around for 30 years and then a few under your bed, then a couple of months will not hurt you. I would just hate to see some one take advantage of you just because you have no idea what is there. The original owner started a list for you and would be ideal to look over and check with the dates above.
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Valued Member
United States
429 Posts |
I forgot about this site or I would have noted it earlier: http://www.lincolncentresource.com/index.htmlThis site talks about the rarer side of pennies: key dates, double die, etc. If you do get into this collection and start looking at individual coins this would be a good site also for reference. Every item has an image to go with it so there is no confusion at all. Grading can be a very difficult thing and the grade will always vary from person to person. The information on this forum should help greatly but if you want additional help I would suggest buying "The Official American Numismatic Association Grading Standards for United States coins". This is a great book for any collector because it does a break down on grading from AG-3 up to MS-70 with pictures and a more detailed break down of what to look for. See if a local library has it or even a book store, by just thumbing through it you will pick up a lot of useful information. |
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Replies: 29 / Views: 2,467 |
First Page
Posted 05/09/2008 6:31 pm
