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Lincoln Wheats

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Author Previous TopicReplies: 12 / Views: 1,193Next Topic  
Valued Member
lincolncollector's Avatar
United States
373 Posts
 Posted 08/20/2008  10:24 pm Show Profile   Bookmark this topic Add lincolncollector to your friends list Get a Link to this Message Number of Subscribers
I probably have about 3,000 Lincoln wheaties from the 40's and 50's. Any advice on what to do with them?
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collect4fun's Avatar
United States
1151 Posts
 Posted 08/20/2008  10:28 pm  Show Profile   Bookmark this reply Add collect4fun to your friends list Get a Link to this Reply
Send them to me?
Valued Member
lincolncollector's Avatar
United States
373 Posts
 Posted 08/20/2008  10:31 pm  Show Profile   Bookmark this reply Add lincolncollector to your friends list Get a Link to this Reply
Well now.... I was thinking more like should I keep them, and in 5 years they may be worth a bit more than they are now.
New Member
kriv77's Avatar
United States
5 Posts
 Posted 08/20/2008  10:39 pm  Show Profile   Bookmark this reply Add kriv77 to your friends list Get a Link to this Reply
I have a lot, too. I thought about making piles, like teens, twenties, thirties and so forth. Rolling em up, and then labeling them. That way they are somewhat organized. Right now they are just sitting in a coffee tin.
Valued Member
lincolncollector's Avatar
United States
373 Posts
 Posted 08/20/2008  10:42 pm  Show Profile   Bookmark this reply Add lincolncollector to your friends list Get a Link to this Reply
I separate the pre-1940 coins in one jar, and the 40's-50's in another jar. I don't really know what else to do right now. I'm hoping people will want them sometime in the future.
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Elimist's Avatar
United States
632 Posts
 Posted 08/21/2008  03:14 am  Show Profile   Bookmark this reply Add Elimist to your friends list Get a Link to this Reply
Well, seeing as your new to the forum, we have loads upon loads of Wheat cent threads that I invite you to read. This forum will give you all the information you'll ever need on any coin question you might have. So read up a little, see what other people are doing, and then do whatever you want with your excess wheats.

If you want to sell them right now, then go on ebay or get 50 posts and try selling them right here on the forums. Wheats that are 40's and 50's in typical circulated condition are worth about Three Cents a piece (excluding 1943 steelies).

If you want to wait, then go ahead and wait. They're not going to do anything but go up in value. But don't plan on making a retirement out of them becuase like I said their only Three Cents apiece now and they haven't made any for fifty years.

HOWEVER, there is the theory that cent prices are about to rise dramatically due to 2009 being the 100 year aniversay of the Lincoln Cent and the 200 year aniversary of lincolns birth. The mint for this occasion is issuing commerative cents like they did with the quarters and nickels. Basically, a lot more attention is going to be placed on the cent, but we wont know for sure what type of effect its going to have on the market until 2009 rolls around.
Valued Member
United States
429 Posts
 Posted 08/21/2008  2:17 pm  Show Profile   Bookmark this reply Add penny pincher to your friends list Get a Link to this Reply
It also depends on your level of collecting coins. Personally, I would save every single one of them and do what kriv77 said about separating and rolling them.

The first step you may want to do is look at each coin and see if you have anything special or in a higher grade, these coins will be worth more and more desirable. If you are not sure to what to look for then do a quick search on the site and also visit http://www.lincolncentresource.com/index.html for more help.

Second, you need to think about what you plan on doing with these: sell, trade, keep or put together a set. From there it is easier to decide on how you may want to protect them for future use. Since it sounds like bulk is the main way you have them is to get plastic coin tubes and place them in there and make sure they are not in heat or moisture. If you want to look at them then 2X2 folders are a way to go as well. Everyone has their own opinion on how to display and preserve your coins so a site search on this will also give you more advice.

Third, keep asking questions. This is a great site for advice and everyone will be happy to help out where and how they can.
Valued Member
lincolncollector's Avatar
United States
373 Posts
 Posted 08/21/2008  4:17 pm  Show Profile   Bookmark this reply Add lincolncollector to your friends list Get a Link to this Reply
Thanks for all the great input. Since, I personally don't know any coin collectors, this forum is great place to learn.
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BadThad's Avatar
United States
19935 Posts
 Posted 08/21/2008  10:17 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
How far along are you with your Lincoln collection?
Lincoln Cent Lover!
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Valued Member
lincolncollector's Avatar
United States
373 Posts
 Posted 08/22/2008  10:34 pm  Show Profile   Bookmark this reply Add lincolncollector to your friends list Get a Link to this Reply
I think I have at least 3,000 from the 40's and 50's. Plus I have several 1909's and almost every year from 1909-1958, with the exception of the key-dates. I also have lots of 2008 P&D BU rolls.
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Elimist's Avatar
United States
632 Posts
 Posted 08/22/2008  10:52 pm  Show Profile   Bookmark this reply Add Elimist to your friends list Get a Link to this Reply
1909 wheats are always a good thing to keep stached. The early date wheats are really picking up in the market. You probably already know this, but.....just in case. Check out all your 1909 wheats. If any of them have the initials "VDB" between the wheat ears on the back then those are rarer variety. If any of them have an 'S' mintmark underneath the date then you have a coin with a 1.9 million mintage. And if you have a 'VDB' on the back and an 'S' mintamerk underneath date then tell use immediately because its worth like....700 dollars or something like that.
Valued Member
lincolncollector's Avatar
United States
373 Posts
 Posted 08/22/2008  10:58 pm  Show Profile   Bookmark this reply Add lincolncollector to your friends list Get a Link to this Reply
I have about 20 1909's with and without the VDB, some are BU and some are circulated. The VDB "S" is too expensive for my budget right now.
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BadThad's Avatar
United States
19935 Posts
 Posted 08/23/2008  1:37 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
You should focus on completing a 1909 and up collection, sounds like your almost there.
Lincoln Cent Lover!
VERDI-CARE™ INVENTOR
https://verdi.care/
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