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Collecting Pennies? Where To Start

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jdw89's Avatar
United States
3 Posts
 Posted 12/27/2018  7:34 pm Show Profile   Bookmark this topic Add jdw89 to your friends list Get a Link to this Message Number of Subscribers
Hey all, I have been collecting Morgan's and American Silver Eagles, and some Franklin halves and Kennedy halves. I am wanting to start collecting Lincoln cents, all years, what would be the best way to go about this and get the most for my money?
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Coinfrog's Avatar
United States
94367 Posts
 Posted 12/27/2018  7:56 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
If you're really going to collect Lincolns, you'll need a lot more money than (probably) you've spent on Franklins and Kennedys. Get decent albums (Dansco?) from 1909 forward, and start with the easy dates 1934-present until you've mastered grading and set some standards for completing the much more expensive 1909-1933 dates and mintmarks.



to the CCF!
Edited by Coinfrog
12/27/2018 7:57 pm
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KenKat's Avatar
United States
4085 Posts
 Posted 12/27/2018  8:08 pm  Show Profile   Bookmark this reply Add KenKat to your friends list Get a Link to this Reply
There's a lot of ways to tackle this. You can build a basic circulated wheat and memorial set pretty cheap by buying partial sets or lots on ebay, at coin stores or coin shows to get a kick start on things. These won't include the expensive key dates 09-S, 09-S VDB, 14-D and 31-S of course.

Once you've got a basic collection together, you can start looking at upgrading coins or start working on a red memorial set and shield set. You can also do higher grade wheats 1940-1959 or even 1934-1959 without spending a ton.
Edited by KenKat
12/27/2018 8:08 pm
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jdw89's Avatar
United States
3 Posts
 Posted 12/27/2018  8:23 pm  Show Profile   Bookmark this reply Add jdw89 to your friends list Get a Link to this Reply
Thanks for the start everyone! I'm looking to probably just get circulated coins right now with maybe some better grade ones to start at least for newer pennies. For older ones I know I am going to be lucky to get better looking ones for the most part, however what is the best way to get a lot of them to start?
Valued Member
United States
254 Posts
 Posted 12/27/2018  11:02 pm  Show Profile   Bookmark this reply Add Giwalsh to your friends list Get a Link to this Reply
Coin shows are your best bet and way way cheaper than ebay.
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joeturbo26's Avatar
United States
1193 Posts
 Posted 12/27/2018  11:11 pm  Show Profile   Bookmark this reply Add joeturbo26 to your friends list Get a Link to this Reply
If I had to do it all over I'd actually do the opposite of what most of you've recommended. If you're seriously considering a full collection—I'd focus on key dates in as best quality as you possibly could to start with. As the years go by, I can definitely share that dates in better quality become increasingly difficult as time passes.

A good example of this is my 35-S, I overlooked upgrading it for years and now although not a key date, it's become so hard to get a decent price on a great quality coin. That used to be the case with 1930 and earlier... now even the 30-39 coins are harder to come by.

So here I am years later without an 09 S VDB because I've spent so much working every other aspect of my collection LOL and to get the great quality I'm looking for it's sooooooo expensive.

So in conclusion, if you're serious I strongly reccomend working the hard dates first!
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jbuck's Avatar
United States
187702 Posts
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CelticKnot's Avatar
United States
12813 Posts
 Posted 12/28/2018  12:39 am  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
and good above advice.

If you want to do circulated, you can't go wrong with a few $25 boxes of cents from the bank. Each will likely net you some nice shiny examples, a lot of copper, and even 5-10 wheats. Also, cracking rolls is one way to multitask while binge-watching Netflix.

Personally I put my "from circulation" cents in a Whitman Classic. I'm at the point where my returns on $25 boxes have diminished to near nothing, but I still like Coin Roll Hunting.

I do have an "uncirculated" or "BU" collection too, and that's in a Dansco. That comes from cracked mint sets and such.

Enjoy the hunt!
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kena's Avatar
United Kingdom
1682 Posts
 Posted 12/28/2018  08:35 am  Show Profile   Bookmark this reply Add kena to your friends list Get a Link to this Reply
If you are not bothered about building a partial set if circulation Lincolns from roll searching or doing a bulk buy of loose wheats is fun. Now if you must have all of the holes filled, you would need to decide what your budget can afford and does that match your goal. Will you be able to afford the 1909 S VDB coin? Do you consider the 1922 plain as part of the Lincoln set or not?

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T-BOP's Avatar
United States
18456 Posts
 Posted 12/28/2018  08:55 am  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
I can't even fathom anyone starting a Lincoln collection now. The date and mint range is huge . I started mine in 1962 but that's another story .
I would probably start off with a box or two from the bank . If you really want to start from the beginning then buy folders of all the dates . After the folders then you can upgrade your coins as well upgrading to Dansco or Whitman Albums . Good luck on your journey into Lincoln Cents .
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USSID18's Avatar
5464 Posts
 Posted 12/28/2018  10:31 am  Show Profile   Bookmark this reply Add USSID18 to your friends list Get a Link to this Reply

Quote:
For older ones I know I am going to be lucky to get better looking ones for the most part, however what is the best way to get a lot of them to start?


Like others have said, $25.00 boxes from the bank. Guaranteed, you will find "uncirculated" cents in those "circulated" boxes! And you might be surprised at the wheat's.
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jdw89's Avatar
United States
3 Posts
 Posted 12/28/2018  10:56 am  Show Profile   Bookmark this reply Add jdw89 to your friends list Get a Link to this Reply
I have a friend selling 2 lb bags of wheats for $35 shipped, wondering if that's a good deal? I've also seen sets of the Memorial cent on ebay for around $15-20 for a complete set from 1959-2018 and was wondering if that's a good deal or not?
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Cdncoins's Avatar
Canada
999 Posts
 Posted 12/28/2018  1:36 pm  Show Profile   Bookmark this reply Add Cdncoins to your friends list Get a Link to this Reply
A 2 lb bag would be about 292 coins. That works out to 12 cents per coin. If these are just random years and conditions, that is expensive. I know a dealer that sells for 4-5 cents each, depending on quantity.
Are those Memorial cent sets in BU?
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52Raymo's Avatar
United States
8515 Posts
 Posted 12/28/2018  2:51 pm  Show Profile   Check 52Raymo's eBay Listings Bookmark this reply Add 52Raymo to your friends list Get a Link to this Reply
Boxes of cents from the bank and constantly upgrading year/mint as you find nicer ones. You'll be amazed at how nice of a collection you'll accumulate.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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RLS0812's Avatar
United States
131 Posts
 Posted 12/28/2018  4:02 pm  Show Profile   Bookmark this reply Add RLS0812 to your friends list Get a Link to this Reply
If you have a LOT of time on your hands, bulk pennies cost about $0.015 +- each.
You will not get the best condition coins, but you can fill up books cheaply :)

https://www.ebay.com/sch/i.html?_fr...IN=1&_sop=16
Edited by RLS0812
12/28/2018 4:05 pm
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JimNWLincoln's Avatar
United States
906 Posts
 Posted 12/28/2018  7:32 pm  Show Profile   Bookmark this reply Add JimNWLincoln to your friends list Get a Link to this Reply
I would be tempted to skip a large volume of old worn & dirty Lincoln wheat cents and slowly buy a few beautiful cents in each decade.

How much money do you want to spend? Do you have family members interested in coin collecting?

At some point - too many cents become a burden. How many 40s & 50s Wheat cent pennies do you need? How many non-key duplicate cents do you need & want to store....
Edited by JimNWLincoln
12/28/2018 8:09 pm
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