| Author |
 Replies: 32 / Views: 6,146 |
|
New Member
United States
35 Posts |
I have been wondering lately what the value of wheat cents or 60-70s copper cents will be in the future. I'm thinking like 10-35 years in the future. They will be more scarce by then for sure and if the production of pennies is stopped it may make them more valuable. It seems the average value of a old Wheat cent is 0.05-0.40 cents(and 3 cents copper melt value.) I'm hoping they will be sought after with a more generous value that far in the future. What do you all think? |
|
|
|
Pillar of the Community
United States
7613 Posts |
With the exception being the scarcer dates, look for common date Wheat cents to be worth about 3 cents each UNLESS copper becomes a scarce commodity or inflation goes nuts. This is about what they have been worth the past 20 years (with a few price swings inline with commodity prices over that time frame).
They made jillions of these things. They are far from rare.
|
|
New Member
 United States
35 Posts |
Aww man seriously? Like even the San Francisco mintage ones that have only like 3-8 million made instead of P's and D's that have hundreds of millions or even billions made.
|
|
Pillar of the Community
United States
4691 Posts |
Common ones will not be worth more than the price of copper -- maybe less because there is a cost associated with melting them.
|
|
Bedrock of the Community
United States
94367 Posts |
Basically, I agree, at least for everyday circulated examples from 1940 onward, MM coins included. Show me a bit of red with no problems, different story.
|
|
Pillar of the Community
United States
2233 Posts |
Here's what I was able to create using Red Book mintage figures 1909-1934 Mintage: 4,323,862,683 1935-1958 Mintage: 20,820,135,824 1909-58 Mintage: 25,143,998,507 |
|
Pillar of the Community
United States
4691 Posts |
Quote:
25,143,998,507 And that makes over 77 for every man woman and child in the US. Might as well save steel washers! |
|
Rest in Peace
10197 Posts |
 Wheat cents of the 1910's-1941 may hold some intrinsic values but very may high grade coin have been put up and saved in rolls, meaning from a collector's standpoint, a common circulated coin holds only a melt value. Those in MS may hold some increase. Copper tho as a hoarded PM is virtually worthless. It has NEVER been a rarity, too much around that is currently being recycled making a supply that is not lacking and prices very stable. If in the future copper coins are demonetized, and can legally be melted down it would cost way above a profitable margin to do so. When these millions of pounds of coins flood the market,the price of copper will plummet, giving even less per pound than now, is senseless to hoard anything but pure refined copper.. |
|
Moderator
 United States
34396 Posts |
@TB, certainly there are some folks who are storing mass quantities of copper cents with the idea that they will go up in value at some point. As this topic comes up occasionally on CCF, I'd say that the general consensus around here is that it probably isn't a great way to make your millions.
"If you climb a good tree, you get a push."
-----Ghanaian proverb
"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
|
|
Rest in Peace
United States
18456 Posts |
Quote:
I'd say that the general consensus around here is that it probably isn't a great way to make your millions. Yeah , I've been saying it for years now ... As far as wheat cents there will always be old as well as new collectors into these Lincoln Cents . I'm feeling all the low to semi low mintage ones can only increase substantially as more and more collectors enter the arena . High mintage common dates might go between $0.04 to $0.06 . I'm talking at least 25 years from now .  |
|
Rest in Peace
10197 Posts |
Quote:
I'm talking at least 25 years from now . Yeah, but Tony, I doubt you or I will be around to enjoy it, if we are, we sure won't be giving a squat about the coins we seemed to have misplaced years ago!  |
|
Pillar of the Community
United States
2233 Posts |
Quote:
I doubt you or I will be around to enjoy i I'm still young enough to where I'll probably still be alive in 2043, provided a WW3 doesn't happen  |
|
Pillar of the Community
United States
3402 Posts |
The value is in the remembrance of collecting each coin.
KK
|
|
Pillar of the Community
United States
772 Posts |
Quote:
provided a WW3 doesn't happen Does that mean more steel cents?!  |
|
New Member
United States
35 Posts |
So much harsh reality pounded on me in this topic thanks guys. Well I guess I'll just either spend my wheat cents at the store toss them on the ground for whomever to find or melt them later. I'd probably want to melt them and get copper someday because it looks pretty in orbs or jewelry.
Thanks a lot guys your were all helpful.
|
|
Pillar of the Community
United States
772 Posts |
Quote:
So much harsh reality pounded on me in this topic thanks guys. Well I guess I'll just either spend my wheat cents at the store toss them on the ground for whomever to find or melt them later. Hey now! Don't do that! Just because something isn't super valuable monetarily doesn't mean its worthless! If you enjoy it, that's all that matters. |
| |
Replies: 32 / Views: 6,146 |
Posted 10/02/2018 8:00 pm
