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 Replies: 16 / Views: 3,221 |
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Valued Member
United States
443 Posts |
For some reason back in 1999, I went into my bank and requested $100 in Pennies. They gave me two $50 bags of brand new pennies. I just put them away and haven't touched them. Now I'm retired and have been working on organizing all my coins and currency I've collected/accumulated during my life. As I've come to these bags of uncirculated/Mint State coins, I don't know how to proceed. I've thought about putting them all in 2X2 flips, or send some in for grading, or just leave them alone and move on to something else for now. I still have tens of thousands other coins that need sorting. Do you have any suggestions? Should I just wait another 10-15 years and come back to them?   |
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Moderator
 United States
56855 Posts |
You could try and sell one bag as a true unsearched bag of cents. Figure out the retail value and make that the minimum bid? John1  |
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Moderator
United States
34393 Posts |
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Do you have any suggestions? Sounds a little like you are getting bogged down with an accumulation (as opposed to a collection). Try "hygge" for 2020!  "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
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Bedrock of the Community
Australia
21786 Posts |
Reminds me of a sketch from Monty Pythons Flying Circus.:- A guy had some string for sale. Two hundred and forty-eight thousand miles of it, to be exact. One small problem:- it was all in six inch lengths ! ---------------------------------------------------------------------------------------------------------------------------------------------------- Make an arrangement to drop them off at head branch of a bank, or an issuing bank of the Feds. |
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Pillar of the Community
Canada
5238 Posts |
You answered your question. You have more than enough you want to do without this. Sell them as unsearched, but if they do not sell in a reasonable time, just take them to the bank.
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Rest in Peace
United States
18456 Posts |
I have to agree that selling them as unsearched bags is the best way to go but mind your shipping charges . One bag might fit into a large flat rate box , about $17 and change . |
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Pillar of the Community
United States
1613 Posts |
Wow that's a lot of Lincolns. Two options if you're looking to part with them. Return them at face value or list rolls at one dollar plus shipping on ebay for a profit. Any other option, like going through them, would require more liquor since you appear to be out. ANA member - PAN Member - BCCS Member There are no problems only solutions - the late, great John Lennon
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Valued Member
 United States
443 Posts |
All good comments and suggestions, thank you. Yes I have some accumulations, but I do have collections as well. I've made it through about 10K wheats so far, putting them all in 2X2, and sorting them, I still have at least another 20-25K wheats to go through and sort, and put in 2X2's. I'll have to think about getting rid of some of the 1999-Ds, I've never seriously considered getting rid of anything coin related before. My Precious......  Thank you again |
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Bedrock of the Community
United States
10635 Posts |
Not every Wheat cent needs/deserves to go in a 2x2. Most are worth 3 cents each IF you can convince someone they're unsearched. The 1999s can go back to the bank, and they won't be happy to get them back all at once.. Sounds like you don't need the money, so you can do what you want. |
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Bedrock of the Community
United States
19931 Posts |
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Bedrock of the Community
United States
19931 Posts |
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Bedrock of the Community
United States
20753 Posts |
Way back some time ago I did the same thing about getting lots of rolls of new cents. I ended up taking them all back to the bank.
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Moderator
United States
56855 Posts |
BadThad, I love that magnifier on your link.How cool would it be if CCF had that feature  Bobby........ John1 |
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Bedrock of the Community
United States
10284 Posts |
I'd put one bag away in a climate controlled situation and sell the other mint sewn bag for $75 0r $80 and forget about them for another 10 or 15 years.
You would have a bag for 1/2 price and have no money tied up.
I belong to a coin club with auctions every meeting by members. I'm pretty sure that if I had a bag up for auction somebody would buy it at $75 or more? One bag is enough! LOL!
Edited by TNG
12/10/2019 12:22 pm
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Moderator
United States
187702 Posts |
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Check out this toner I found: Fantastic!  |
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Pillar of the Community
United States
5767 Posts |
LOL Gollum. "Precious" they are. Seems like an auction is the best way to go. Most interest would be in the possibility of 1999 WAM's or errors that might be in the MSB (Mint Sewn Bag). Not excited about the 16 varieties (9@CC + 7@VV) for this year. One (1DR-003) isn't a column DDR though. At least Denver isn't as monotonous as the 41 for Philly which are all column DDR's. Words of encouragement are one of the major food groups.
We need to consume them regularly to thrive and grow.
Edited by Petespockets55
12/11/2019 05:49 am
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Replies: 16 / Views: 3,221 |
Posted 12/08/2019 04:47 am
