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Lincoln Wheat Cent Bonanza Story

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Pillar of the Community
United States
3184 Posts
 Posted 03/23/2011  7:31 pm  Show Profile   Bookmark this reply Add mkman123 to your friends list Get a Link to this Reply
thats great that you involve your child in your hobby :)
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gmwatson's Avatar
United States
234 Posts
 Posted 03/23/2011  10:20 pm  Show Profile   Bookmark this reply Add gmwatson to your friends list Get a Link to this Reply
And so the story continues ...

Well at my son's request, I whipped by the bank and rounded up all the loose cent rolls left in the trays from just one teller. So after school, with help from mom, it was back at it for him and these rolls of pennies. After a little over an hour of hooting and cheering the little son of a gun informs me he's hauled in 149 wheaties from this cache.

Just absolutley amazing!

When I spoke with the teller about what my son had found the other night, he mentioned an elderly woman had come in and deposited many of the cent rolls along with numerous rolls of quarters which were dated pre-64. I asked him how he knew and he said she had written the dates on the side of the wrapper whereby he had checked a couple rolls after she departed and sure enough they were all as noted (silver). I asked if he still had them but apparently someone had come in and saw them on his counter and took them all.

So, if this couldn't get any stranger ... he says she also left two rolls of dollars and halves, would you like those? So I buy them from him and they end up being rolls of mint state bicentennial Ikes and Kennedys which must have gotten wet at some time as they were all strangely rainbow toned.

Anyway back to the wheaties, I thought I'd inventory my son's almost five roll haul and post just for grins. And speaking of grins, my son Matt still has a big one from ear to ear. What a delight it has been seeing him catch the fever!
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 03/24/2011  04:09 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
Don't try to carry more than one bag of cents in a front bicycle basket.

Reading through threads like this, everyone applauds how neat it is for a kid to find something like this.

Then I see where people are pulling out every pre-82 cent and all the nickels to make some pittance selling them for scrap.

Where are the future collectors going to come from? Let me rephrase that to make it a little more personal: When you want to sell your collection, or pass a collection of value to your heirs, who is going to buy it unless we promote collecting today?

It's 3 ayem, and the little meter tells me that there are 1960 users on the website. Let's see, what if each user spent a two rolls of wheat cents a week? That's over ten million wheat cents a year, getting into the hands of people who may be sparked into becoming collectors.

To me, that makes a lot more sense than these gimmicks where a major show puts a dozen 1914ds in circulation, and one actually is found.
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 03/24/2011  04:48 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
At least it was a little old lady and not someone who stole the coins.

It obviously too late this time, but you need to educate tellers to look out for stuff like that, and call you. 250 business cards cost five bucks. "numerous" rolls of quarters. Let's say 40 rolls. $400 face * 25 = $10,000 that could have been yours.
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gmwatson's Avatar
United States
234 Posts
 Posted 03/24/2011  08:57 am  Show Profile   Bookmark this reply Add gmwatson to your friends list Get a Link to this Reply
biggfred,

I know what you're saying about the quarters ... but that's life as they say. I would have more enjoyed seeing what the elderly lady had squirreled away over the years.

I am a collector first and really don't worry about the pluses and minuses at the end of the day.

Despite having come up through a pretty rough childhood, I've been blessed with having never been hungry or without someplace to sleep during my adult life. As the saying goes on the t-shirts with the little stick figure guy ... "life is good" and continues to be.

In this day and age of get what you can, while you can ... I live by an old honor code adage I learned when a cadet at the Air Force Academy - "I shall not lie, cheat or steal nor tolerate among us anyone who does". I'm still the kind of guy who returns the dollar when given too much change and wouldn't think of taking advantage of someone in any business dealing. I guess buying change from a bank wouldn't constitute taking advantage of someone but it just seems to be lacking in fairness when some individual profits off a little old lady's lack of education. Given she had kept these coins over the years and probably needed the money, she ought to have been the one to realize the windfall.

All that proselytizing done, the treat of this whole experience has been the fun my son has had and his experience with collecting. I can't speak for everybody on this site, but I'm guessing many began collecting as youngsters and have gleaned many years of enjoyment which started on a day long ago when they first found some unique coin in their pocket change.





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jbuck's Avatar
United States
188660 Posts
 Posted 03/24/2011  11:55 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Then I see where people are pulling out every pre-82 cent and all the nickels... Where are the future collectors going to come from?
It is all part of my master plan. Remember, I am saving them from being melted, not for profit.

I have a son that will be three in three weeks. He will eventually be introduced to coin collecting (he already has an interest in coins, the "shiny money" as he calls it). He will get first crack at sorting this hoard for his own folders... or albums... we'll see.

I hope my son will become a cub scout and boy scout. Hopefully this will include him going for his coin collecting merit badge. This should also include his father (yours truly) joining him for some show-and-tell, where everyone can have a pile to sort and keep (but not to spend).

Rinse and repeat for nieces and nephews.
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