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Replies: 19 / Views: 2,090 |
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Pillar of the Community
United States
1599 Posts |
Hope everyone had a great 4th. God bless all those who are serving have served and allowed the rest of us to do what we do freely. I have not been collecting long, but about 15 years ago, for some unknown reason I purchased 5000 wheat pennies. Forgot all about them until recently. My question-should I try to seperate them by year or look for specific coins or what? Not real sure which ones to look for. Any easy way to deal with them? Thanks
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Valued Member
United States
213 Posts |
I would sort them by year. That would help narrow down the good dates. If you try to go through them all at once, you will go crazy. I have tried going through old coin jars from family members. If you do not have a system, the sheer volume will consume your days and nights until you have examined every coin. Or, maybe you have better control over this hobby than I. After you have them by year, find the years that are valuable. Sell those, spend the rest.
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Valued Member
United States
64 Posts |
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Pillar of the Community
United States
2520 Posts |
Don't spend any of them. Alot of them aren't worth much, but everyone is worth more than face value. Even at melt value their worth 1.47 cents each. If you are interested in them, seperate by year and go from there.
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Valued Member
United States
61 Posts |
You could probably just roll them and sell rolls of $.50 on ebay.
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Rest in Peace
United States
1943 Posts |
I separate mine into the following groups: 1940-1958 P & D 1940-1955 S 1930-1039 all mints 1920-1929 all mints 1919 and below This is how most dealers I know will buy them rolled and pay the most for the rolls. Before selling the rolls use a RedBook or some other coin guide to look for better dates and pull these out. If you really feel ambitious look at coppercoins.com for each date you have for die varieties. Most importantly, have fun!
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Bedrock of the Community
United States
19935 Posts |
I first separate by decade, then I break each decade down into year/mint and finally I look them over closely for errors and varieties. Anything I don't want, I roll by decade and resell as such. If I'm feeling lazy, I just take them to my local dealer and he pays me 3 cents each.
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Pillar of the Community
United States
2541 Posts |
I'm hoarding everything right now, but would probably concentrate on 20s and teens and throw everything else into one pile.
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Pillar of the Community
United States
2541 Posts |
and send me any 1909 S VDBs!
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Valued Member
United States
51 Posts |
Look for a 1909 VDB S worth some big bucks
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Pillar of the Community
United States
1231 Posts |
I do the same as Thad and seperate by decade first and then break down by year and mint mark. Typically most of the 5,000 wheats will fall into 2 decades the 40's & 50's.
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Pillar of the Community
 United States
1599 Posts |
I dream of wheaties! I finished sorting the 5000 wheaties by decade. Here is what I got: lots of 40's & 50's, 7 teens, 7 twenties, 23 thirties, 3 nickels (1-39 & 1-40), 10 from Australia (3 silver color) and one from Danmark (Denmark?). Is there any reason to sort by year or mint mark? Or is there any thing in particular I need to look for? Thanks
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Pillar of the Community
United States
2224 Posts |
Only 37 out of 5000 dated before 1940? Can you say "Searched"?
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Valued Member
United States
224 Posts |
Yeah, the bag was probably searched before the OP purchased it! However, since it was purchased about 15 years ago, it is still possible to find some Doubled Die and RPM Varieties. I say this, because even some of these Varieties have only been discovered within the last 15 years on some older Wheat Cents!
I would search the coins for Doubled Dies, RPM's and any possible overlooked Errors and 2x2 them. I would then replace the Wheat Cents removed or any missing from the bag with average circulated, common Date Wheat Cents, reseal the bag and hold onto it until the prices go through the roof. At that time, I would sell it but would not state that it is unsearched.
Frank
Edited by huntsman53 07/09/2009 11:42 pm
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Pillar of the Community
 United States
1599 Posts |
I thought the number of teens, twenties was pretty small for that amount of coins. I am still pretty new at this--what does RPM stand for?
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Valued Member
United States
129 Posts |
I am always skepticle when someone sells a bag of 5000 wheat cents claiming they are unsearched ... especially if they know anything about coins. Chances are they have been searched by someone-if not by the dealer or person you bought them from then prehaps by the person they purchased them from etc...I think the best source for truly unsearched wheaties is old tightly wrapped bank rolls. I found ten rolls at a garage sale last year- paid $1.50 each for them after some negotiation, and found a good percentage of teens/twenty's in VG-VF, two 1909 VDB's and a 1914 D in Fine condition.
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Replies: 19 / Views: 2,090 |