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New Member, New To Coin Collecting...penny Question...

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BTC Chris's Avatar
United States
2 Posts
 Posted 12/29/2018  3:51 pm Show Profile   Bookmark this topic Add BTC Chris to your friends list Get a Link to this Message Number of Subscribers
Ok as mentioned I am new to coin collecting. Quick background. I am not your typical coin collector, I'm 44 years old and into outdoors stuff such as boating and camping...RV camping...must have the luxuries of home.

Anyway my father in law has an extensive coin and precious metal collection and over the last 8 years or so he has been slowly giving us his collection in the form of birthday and Christmas gifts for myself, wife (his daughter) and our boys (his grand kids) and at first I thought it was nice but gave it no significance.

But after looking at many of the coins which are mostly silver dimes and silver quarters I really got interested in it. He has given us thousands of silver dimes and quarters, quite a few Morgan silver dollars, some silver eagle proofs and a couple gold eagle proofs.

Also....a lot of pennies which brings me to my question. What is the significance of the 2014 "Shield" penny? We have about $20 face value worth of them still in what looks like the paper rolls from the mint. Certainly they are un-circulated. I can't seem to figure out why...I don't want to ask him just yet. In digging through my change jar at home I have several pennies that look identical.

What is the significance of these pennies? I did some research and see some are worth .30 each but why?

Sorry for the long first post, just wanted to explain why I am asking a question that is probably considered a "dumb question" to veteran coin collectors.
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GrapeCollects's Avatar
United States
8938 Posts
 Posted 12/29/2018  5:39 pm  Show Profile   Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply
to the community!

There is a rather rare/desireable variaty for the 2014 P Penny and collectors will often pay premiums for unsearched rolls in hopes of finding it. Off course the silver and gold coins are worth a substantial bit as well is they are in the quantity you discribe.
Valued Member
United States
86 Posts
 Posted 12/29/2018  6:12 pm  Show Profile   Bookmark this reply Add Hoxsie454 to your friends list Get a Link to this Reply
Hi BTC Chris, and welcome to the Coin Community!

First off, I would say that I really enjoyed reading your comment about your father-in-law slowly gifting some of his coin collection to family members over the past years. The fact that the gifts you received sparked your interest in coin collecting which you didn't have much before. I think that is a wonderful way to kindle interest in a very enjoyable hobby! A collector friend of mine who is 78 years old has a collection and is now agonizing over what he should do with them. Gift a few to your grandchildren for birthdays and Chtistmas? "Oh no, they might just spend them and all they like is sports and their computers." He admitted never having discusses his coins with anyone in his family. He won't even get them appraised! How sad, compared to your father-in-law's approach.

Now, as to the special value of Shield Linclon pennies , I don't know of any of them that might command an extraordinary value. I have a couple of rolls bought rom the local bank for 50 cents a roll. I don't expect them to appreciate in value for a century. Of course, there are proof 2014 proof shields but I have seen them offered at my local coin shop for $2 a coin,. At that price they are gathering dust on the counter. Maybe he is trying to show you that you can still get coins to add to your collections, without spending a fortune and peak your interest in new issues. That would be a nice easy way to grow your collection.
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Joe2007's Avatar
United States
3843 Posts
 Posted 12/29/2018  7:15 pm  Show Profile   Bookmark this reply Add Joe2007 to your friends list Get a Link to this Reply
Coin collectors (myself included) hoard a lot of stuff hoping that someday it might be worth something but today may only be worth face value. I have a some of the National Parks quarters hoarded since I enjoy the look of them but I realize that it might be a long time before they will be worth anything other than face value.
New Member
Australia
17 Posts
 Posted 12/30/2018  05:42 am  Show Profile   Bookmark this reply Add Coinaholic20 to your friends list Get a Link to this Reply
Welcome to the forum, I find the US coins so interesting, I am from Australia and currently only collect Aussie errors and low mintage coins. I would get into the US game but the shipping costs are definitely an issue. But congrats for getting into coin collecting and being in the USA lots of opportunities and interest in coin collecting, so long as you're patient :)
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John1's Avatar
United States
56855 Posts
 Posted 12/30/2018  08:50 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
to CCF. Just go ahead and ask him,tell him we want to know
John1
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