| Author |
 Replies: 10 / Views: 1,971 |
|
|
Pillar of the Community
United States
1219 Posts |
Picked up a $50.00 bag of Lincolns Friday. Contains at least 1 wheat leave coin from 1909 up to 1958. Also has a complete BU set from 1959 on up. Just a few of the nicer wheat leaves.  Wish there was some way to track where these came from. Obviously put some time and effort into this collection. I'd give them back. |
|
|
|
Bedrock of the Community
United States
11951 Posts |
Those are some nice looking wheats.
I am not sure what you did .. did you buy the bag at a bank or coin shop .. E bay?
|
|
Pillar of the Community
 United States
1219 Posts |
GR58, my credit union lets me swap cash for the bags of cents from the coin counting machine. Keeps me well supplied, at least a bag or two a week.
|
|
Pillar of the Community
United States
4085 Posts |
I've got to believe that anyone who would collect coins of that quality would not just dump them into circulation because they needed cash. Surely they would realize they were worth more than face value - even in a quick sale to a dealer. My thoughts on what happened: 1) They were stolen and dumped into circulation by someone 2) They were inherited and cashed in by someone who didn't realize their value 3) They were set free by a long time collector who had no one to leave his collection to and wanted to give other collectors a fair shot at finding them at face value. This one's my favorite option! |
|
Pillar of the Community
United States
4085 Posts |
p.s. That 42-S is a tough coin in that grade as are both the 30's. Congrats on a great find!
Edited by KenKat
04/25/2010 4:48 pm
|
|
Rest in Peace
United States
2668 Posts |
4) People are ignorant of what they have.
|
|
Bedrock of the Community
United States
20753 Posts |
Quote:
4) People are ignorant of what they have.
I suspect that is the primary reason anyone finds anything today in change or from banks. There was a story not to long ago about some guy that saved pennies for about 70 years and just turned them all in to the bank. They showed the bank trucks with the guards with wheel barrels full of those coins. He got face for them all. There was that Cent drive in New York not long ago where they piled the street with pennies and ended up just shoveling them all up and to the banks. With people out of work they now pull out those jars, cans, boxes of coins put away for a rainy day. You just have to realize that the majority of people on Earth are NOT coin collectors and have little to no idea of what a coin could ever be worth. |
|
Rest in Peace
United States
1729 Posts |
In some societies, the concept of coin collecting does not exist. To them, a coin, no matter how old, is worth only face value, and to try to convince them that a coin could be collectable would be like trying to convince you that a piece of gravel from a back road could be collectable.
|
|
Valued Member
United States
68 Posts |
Its sad to see a collection like that go back into circulation, but great find man.
|
|
Moderator
 United States
188660 Posts |
Quote:
Picked up a $50.00 bag of Lincolns Friday. Great finds!  Quote:
3) They were set free by a long time collector who had no one to leave his collection to and wanted to give other collectors a fair shot at finding them at face value. This one's my favorite option! I like this one as well.  However they ended up in the bag, I am just glad a collector found them before they were lost to time. |
|
Valued Member
United States
71 Posts |
As a new collector, having followed this string, I am realizing that a good portion of what attracts me to Coins is the hunt for a "great" specimen ... visions of that great find dance in my head ... thanks for the story, I will be calling my banker to have her keep an eye out for me !
|
| |
Replies: 10 / Views: 1,971 |
|
Posted 04/25/2010 1:18 pm
