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 Who has a WHEAT COLLECTION?
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uthminsta
1000+ Penny Miser Member


USA
1872 Posts

Posted - 07/01/2010 :  23:32:43  Show Profile Send uthminsta a Private Message
I know the topic question is a little vague, but here's what I'd like to know: WHO HERE IS TRYING TO FILL IN A COMPLETE LINCOLN WHEAT COLLECTION? And if you are, how many coins are you from finishing? To start, I will say I am 11 coins from done. I don't know that I will ever get those last 3 or 4, as there's just something in me that can't shell out that much for a coin... so maybe someday I will find one of the "big ones."

Come to the new and improved realcent: http://realcent.org

Edited by - uthminsta on 07/01/2010 23:35:03

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ScottyTX
Penny Hoarding Member



USA
508 Posts

Posted - 07/02/2010 :  00:00:16  Show Profile Send ScottyTX a Private Message
That's exactly what I'm trying to finish off at the moment. I'm down to the 1909-s vdb, 14-d, 22-p, 11-s. The 11-s will be easy and the 14-d shouldn't hurt too bad, we'll see about the other two though.

Scott
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beauanderos
1000+ Penny Miser Member



USA
2408 Posts

Posted - 07/02/2010 :  02:04:38  Show Profile Send beauanderos a Private Message
I think I have maybe ten or eleven to go as well (all found since Nov 2009), but I'm gonna try and complete a wild Lincoln set. You've inspired me Aaron, to "git er done!" I just wish the wild ones were in better condition... most are pretty well worn, that's why the little gems are still traveling... no one can identify them

Hoard now and hold on!

http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/
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dakota1955
1000+ Penny Miser Member



2212 Posts

Posted - 07/02/2010 :  07:11:58  Show Profile  Send dakota1955 a Yahoo! Message Send dakota1955 a Private Message
down to 3 the 09-svdb 22-p and 14-d
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JobIII
1000+ Penny Miser Member



USA
1507 Posts

Posted - 07/02/2010 :  08:57:09  Show Profile Send JobIII a Private Message
how do you all store your collection? Books, flips in a coffin?

I think i'm missing the big ones: 09-VDB, 09-S, 14-D, 22P, 31S, 24d, but i believe most of the other dates are easy enough to find if you sort enough.

I am interested to hear how you all are preserving these sets please tell what you do for us new comers to numismatics.

Selling Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.




Edited by - JobIII on 07/02/2010 10:11:13
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fasteddy
Penny Collector Member



USA
298 Posts

Posted - 07/02/2010 :  09:35:09  Show Profile Send fasteddy a Private Message
I was tossing my wheats into a plastic cup....but now that I have a apprentice my cup is nearly full...so will switch over to a box with a lid I guess. But will eventually sort the circulated wheats into a book...maybe this weekend if this rain from Hurricae Alex is still coming down....It has already rained more from Alex than it did with Hurricane Ike and Ike was a direct hit. I do keep my slabbed coins in a box with dessicant packs.
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uthminsta
1000+ Penny Miser Member



USA
1872 Posts

Posted - 07/02/2010 :  09:53:52  Show Profile Send uthminsta a Private Message
I clean em with taco sauce and then glue them onto construction paper. You can get quite a few on one page.

Just kidding. I put them in 2x2s and store them in a box. Didn't know that was called a coffin. haha.... But we also have two copies of the three-book Whitman folder set that my daughter and I are working on filling.

Also, I don't consider the 22 "plain" a legitimate want, as it resulted from a problem in the minting process in Denver. My 22D works just fine for that. What are your opinions about the 22 "plain" or "no-D" cent?

Come to the new and improved realcent: http://realcent.org

Edited by - uthminsta on 07/02/2010 10:03:18
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JobIII
1000+ Penny Miser Member



USA
1507 Posts

Posted - 07/02/2010 :  10:10:54  Show Profile Send JobIII a Private Message
I just thought the 22p was a low mint year. Since it is actually an error, it wouldn't have it on my list. I'm still missing quite a few.

the whitman books seem like a great way to show off your set, but will the coins be protected?
2x2's protect the coin, but you don't get to see them.

I'm thinking of using 2x2's with a cover sheet to say this is what my collection consists of and the decades flagged for ease of finding a date, etc. etc.


Selling Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.



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beauanderos
1000+ Penny Miser Member



USA
2408 Posts

Posted - 07/02/2010 :  10:12:27  Show Profile Send beauanderos a Private Message
I've got a nice Dansco album I'm gonna tuck all the babies into. I'm going on vacation next week and will take them with me to see what I've actually found. They're all in a plastic container for now. At the rate I'm going I figure it might take three years to find them all (if it's even possible)

Hoard now and hold on!

http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/
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uthminsta
1000+ Penny Miser Member



USA
1872 Posts

Posted - 07/02/2010 :  10:14:35  Show Profile Send uthminsta a Private Message
Someone asked WHICH eleven I'm still missing.
1909S-vdb, 1909S, 1910S, 1911S, 1912S, 1913S, 1914D, 1914S, 1915S, 1924D, 1931S.

Here's the list of 17 coins with mintages under ten million. I would assume that if you sort enough, people MIGHT eventually get down to these, and maybe get lucky enough to find one or two... then have to go purchase the rest.
1909SVDB... 484,000
1931S...... 866,000
1914D.... 1,193,000
1909S.... 1,825,000
1924D.... 2,520,000
1911S.... 4,026,000
1914S.... 4,137,000
1912S.... 4,431,000
1931D.... 4,480,000 - I got this one from my grandpa
1926S.... 4,550,000 - purchased at a coin show
1915S.... 4,833,000
1910S.... 6,045,000
1913S.... 6,101,000
1933D.... 6,200,000 - purchased at a show
1922D.... 7,160,000 - purchased at a show
1923S.... 8,700,000 - had for a long time...?
1932P.... 9,062,000 - show

Come to the new and improved realcent: http://realcent.org

Edited by - uthminsta on 07/02/2010 23:51:35
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JobIII
1000+ Penny Miser Member



USA
1507 Posts

Posted - 07/02/2010 :  10:43:13  Show Profile Send JobIII a Private Message
I have found a lot of the teen years, which is surprising considering the mintage #'s.

Selling Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.



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Market Harmony
1000+ Penny Miser Member



USA
1274 Posts

Posted - 07/02/2010 :  10:59:49  Show Profile Send Market Harmony a Private Message
I need the big one... 09-S VDB

If I could make a kind statement from the perspective of a dealer... When it comes to the key coins, get the best that you can afford. Yes, the allure of finding all of the dates and mints from searching is very very intoxicating. But, the time and effort to do this makes it dang near impossible. I keep a spreadsheet of recorded mintages and then use formulas to calculate an estimation of how many of each date/mint are actually still in the wild. Here is a breakdown of the tougher dates/mints:

(1) 1909-S VDB
(232) 1909-S
(8,801) 1911-S
(48) 1914-D
(7) 1922 no D
(4908) 1924-D
(87) 1931-S

So, is it possible? Well, yes, I guess so. But, as another poster said, the coin you find will most likely be molested and so unwanted that it won't be worth more than the excitement of the find. If excitement and sentimentality is what you want in your coin collection, then by all means, keep looking for them. But, if you are wanting to build a set that will have numismatic value, then you will be much better off purchasing the coins which you need.

There is excitement in finding that coin that you need to fill a hole from a dealer. But, you'll pay much more than .01 for it. The best part is, is that that coin will hold a value much greater than a beat up, cruddy, barely readable cull. And, the downside of trying to sell a beat up, cruddy, barely readable cull is that nobody who is building a set through purchasing will want your coin. They will want the best that they can afford.

I am saying this from the perspective of a dealer. No, I'm not a big dealer, I do not have a shop, I only sell online by making posts, but I do walk shows with coins in my pocket and see what dealers will pay for them. That is the true value of any coin... what someone else will pay for it. In my experience, no dealer wants a bad coin. It sits in their display and nobody wants to pay the "fair market value" price for it. They want the better coins that have a wide market (think interest and rarity factors). Bad coins have low interest and rarity (small market), good coins are just the opposite.

I made the mistake of hole-filling when I first started in numismatics. But, when I started to upgrade and then sell off the extras, I quickly learned what I just shared above. I am just writing this so that others can learn from my mistakes.

A set of Lincolns is a great thing. There are a lot of folks trying to do it. There are a lot of folks that are missing the same coins. There is a market for low grade coins, but at prices that are unattractive to the seller. Book values for low grade coins are highly inflated. Just take a look at my listing in the BIN section. I've got coins in there for less than half of "fair market value" and they still don't sell.

Good luck in your searching, but if you are serious about building a set, then I think you'd be better off paying for the best coin that you can afford.

goto the new and improved realcent: http://realcent.org

Edited by - Market Harmony on 07/02/2010 11:03:31
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uthminsta
1000+ Penny Miser Member



USA
1872 Posts

Posted - 07/02/2010 :  13:27:52  Show Profile Send uthminsta a Private Message
quote:
Originally posted by Market Harmony (7) 1922 no D

What mintage number do you use for this coin?

Come to the new and improved realcent: http://realcent.org
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Market Harmony
1000+ Penny Miser Member



USA
1274 Posts

Posted - 07/02/2010 :  14:04:01  Show Profile Send Market Harmony a Private Message
quote:
Originally posted by uthminsta

quote:
Originally posted by Market Harmony (7) 1922 no D

What mintage number do you use for this coin?



Nobody knows the true mintage, so I entered 400,000 and let the chips fall where they may

goto the new and improved realcent: http://realcent.org
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uthminsta
1000+ Penny Miser Member



USA
1872 Posts

Posted - 07/02/2010 :  19:54:42  Show Profile Send uthminsta a Private Message
quote:
Originally posted by Market Harmony Nobody knows the true mintage, so I entered 400,000 and let the chips fall where they may

Hmmm... interesting choice. Sounds like a lot, but then again that would still make it the lowest mintage Lincoln. What exactly is your formula? How do you factor in age?

Come to the new and improved realcent: http://realcent.org
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TheJonasCollegeFund
Penny Collector Member



USA
381 Posts

Posted - 07/02/2010 :  20:08:01  Show Profile Send TheJonasCollegeFund a Private Message
Just checked my stats and I'm 13 away. These are stored in 2x2's. Will decide later which folder I like better. I'm starting to look at making another set of lower grade coins. I seem to have at least 2 of alot of them.

MD Totals: Started Aug16th.(Updated Sept10th) 819 clad/cu coins/$41.13
Quarters-78
Dimes-122+1 silver roosie (1957)
Nickels-81 (56d,53d)
Copper Pennies-147
Zinc Pennies-386
Wheats-5 (36,36,46,46d,50d)
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beauanderos
1000+ Penny Miser Member



USA
2408 Posts

Posted - 07/02/2010 :  20:35:21  Show Profile Send beauanderos a Private Message
quote:
Originally posted by uthminsta

Someone asked WHICH eleven I'm still missing.
1909S-vdb, 1909S, 1910S, 1911S, 1912S, 1913S, 1914D, 1914S, 1915S, 1924D, 1931S.

Here's the list of 17 coins with mintages under ten million. I would assume that if you sort enough, people MIGHT eventually get down to these, and maybe get lucky enough to find one or two... then have to go purchase the rest.
1909SVDB... 484,000
1931S...... 866,000
1914D.... 1,193,000
1909S.... 1,825,000
1924D.... 2,520,000
1911S.... 4,026,000
1914S.... 4,137,000
1912S.... 4,431,000
1931D.... 4,480,000 - I got this one from my grandpa
1926S.... 4,550,000
1915S.... 4,833,000
1910S.... 6,045,000
1913S.... 6,101,000
1933D.... 6,200,000
1922D.... 7,160,000
1923S.... 8,700,000
1932P.... 9,062,000


The usual suspects

Hoard now and hold on!

http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/
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beauanderos
1000+ Penny Miser Member



USA
2408 Posts

Posted - 07/02/2010 :  20:46:49  Show Profile Send beauanderos a Private Message
quote:
Originally posted by Market Harmony

I need the big one... 09-S VDB

If I could make a kind statement from the perspective of a dealer... When it comes to the key coins, get the best that you can afford. Yes, the allure of finding all of the dates and mints from searching is very very intoxicating. But, the time and effort to do this makes it dang near impossible. I keep a spreadsheet of recorded mintages and then use formulas to calculate an estimation of how many of each date/mint are actually still in the wild. Here is a breakdown of the tougher dates/mints:

(1) 1909-S VDB
(232) 1909-S
(8,801) 1911-S
(48) 1914-D
(7) 1922 no D
(4908) 1924-D
(87) 1931-S

So, is it possible? Well, yes, I guess so. But, as another poster said, the coin you find will most likely be molested and so unwanted that it won't be worth more than the excitement of the find. If excitement and sentimentality is what you want in your coin collection, then by all means, keep looking for them. But, if you are wanting to build a set that will have numismatic value, then you will be much better off purchasing the coins which you need.

There is excitement in finding that coin that you need to fill a hole from a dealer. But, you'll pay much more than .01 for it. The best part is, is that that coin will hold a value much greater than a beat up, cruddy, barely readable cull. And, the downside of trying to sell a beat up, cruddy, barely readable cull is that nobody who is building a set through purchasing will want your coin. They will want the best that they can afford.

I am saying this from the perspective of a dealer. No, I'm not a big dealer, I do not have a shop, I only sell online by making posts, but I do walk shows with coins in my pocket and see what dealers will pay for them. That is the true value of any coin... what someone else will pay for it. In my experience, no dealer wants a bad coin. It sits in their display and nobody wants to pay the "fair market value" price for it. They want the better coins that have a wide market (think interest and rarity factors). Bad coins have low interest and rarity (small market), good coins are just the opposite.

I made the mistake of hole-filling when I first started in numismatics. But, when I started to upgrade and then sell off the extras, I quickly learned what I just shared above. I am just writing this so that others can learn from my mistakes.

A set of Lincolns is a great thing. There are a lot of folks trying to do it. There are a lot of folks that are missing the same coins. There is a market for low grade coins, but at prices that are unattractive to the seller. Book values for low grade coins are highly inflated. Just take a look at my listing in the BIN section. I've got coins in there for less than half of "fair market value" and they still don't sell.

Good luck in your searching, but if you are serious about building a set, then I think you'd be better off paying for the best coin that you can afford.

Michael, I would have to agree with the conclusions you have reached... if... what you are looking to build is a set that will develop numismatic value thru shrewd selection of scarce key date coins in the best condition you can afford, and top grade coins in all lesser dates. However... there is no challenge in that. Anyone with enough money could assemble a set in no time flat. Where's the challenge in that? Joy of acquisition? I get a thrill out of finding them thru persistent diligence, even though alot of them are nearly illegible culls as you say. I guess I associate finding Lincoln's in the wild with my early childhood, and to travel back in imagination to that era requires the rule that the cents had to be affordable (ie one penny apiece). I couldn't buy them then, maybe your allowance was bigger... but I enjoy the fantasy of time travel that this hobby allows, and for me it would sully the romance of the search to just buy MS65 of everything. To each his own, I guess. That said, I did assemble several sets of Barber dimes a few years back, and I have most of the dates raw in grades at least MS60 if not better. Those I paid for because you can't find them in circulation. Still looking for the 1894-S

Hoard now and hold on!

http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/
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PennyPauper
Penny Collector Member



USA
395 Posts

Posted - 07/03/2010 :  01:18:38  Show Profile Send PennyPauper a Private Message
I have recently began going thru all my wheats to figure out what ones I need to complete a set.I have 4 boxes of common date 40s-50s
and about a half a box of 30s.I bought a box of clear plastic rolls to sort out the teens and twentys.Makes it easy to have rows of each year and mm.Of course I need the 7 big dates,but I was surprised to see I have very few missing from the early dates.My goal is to make a set for myself and then put together some starter books to put away for my girls,and hopefully a few to sell.I have had alot of good luck since starting this hobby and figured it was time to put something together to show for it.
I plan to spend alot of time over the holiday to see exactly when I stand.My wife actually helped me sort through a box today.


Available again! $100 of Copper Lincoln Memorials for $145 shipped.
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beauanderos
1000+ Penny Miser Member



USA
2408 Posts

Posted - 07/03/2010 :  01:37:13  Show Profile Send beauanderos a Private Message
PennyPauper, sounds like you've been sorting for awhile to amass that many boxes of wheaties. How long have you been at it?

Hoard now and hold on!

http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/
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PennyPauper
Penny Collector Member



USA
395 Posts

Posted - 07/03/2010 :  02:35:52  Show Profile Send PennyPauper a Private Message
Over two years,last summer I turned over alot of cents,and ran into some nice finds.Some $50 bags I obtained from banks had so many wheats it slowed down my copper sorting.It had to be someones family that turned in their collection.I've had to curtail my sorting lately due to lack of extra funds,so I have the time to sort my finds.

Available again! $100 of Copper Lincoln Memorials for $145 shipped.
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Market Harmony
1000+ Penny Miser Member



USA
1274 Posts

Posted - 07/03/2010 :  08:29:02  Show Profile Send Market Harmony a Private Message
quote:
Originally posted by uthminsta

quote:
Originally posted by Market Harmony Nobody knows the true mintage, so I entered 400,000 and let the chips fall where they may

Hmmm... interesting choice. Sounds like a lot, but then again that would still make it the lowest mintage Lincoln. What exactly is your formula? How do you factor in age?



Each mintage is known, so that is the starting number. Then, it decreases per year on a percentage basis assigned by me. Rare date collectibles have higher rates of removal from circulation. If you want the file, I can send to your email address... send your email address to me in a PM. I posted about this twice before in the forum and nobody seemed to care.

goto the new and improved realcent: http://realcent.org
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Market Harmony
1000+ Penny Miser Member



USA
1274 Posts

Posted - 07/03/2010 :  08:36:07  Show Profile Send Market Harmony a Private Message
quote:
Originally posted by beauanderos
Michael, I would have to agree with the conclusions you have reached... if... what you are looking to build is a set that will develop numismatic value thru shrewd selection of scarce key date coins in the best condition you can afford, and top grade coins in all lesser dates. However... there is no challenge in that. Anyone with enough money could assemble a set in no time flat. Where's the challenge in that? Joy of acquisition? I get a thrill out of finding them thru persistent diligence, even though alot of them are nearly illegible culls as you say. I guess I associate finding Lincoln's in the wild with my early childhood, and to travel back in imagination to that era requires the rule that the cents had to be affordable (ie one penny apiece). I couldn't buy them then, maybe your allowance was bigger... but I enjoy the fantasy of time travel that this hobby allows, and for me it would sully the romance of the search to just buy MS65 of everything. To each his own, I guess. That said, I did assemble several sets of Barber dimes a few years back, and I have most of the dates raw in grades at least MS60 if not better. Those I paid for because you can't find them in circulation. Still looking for the 1894-S



I just don't want folks to get the illusion that their collection is worth some dollar value that it really isn't. We both are on the same track about the thrill of the find, sentimentality of the collection, and feeling of a job well done when a collection is looked upon. If someone was able to assemble a complete collection from searching, then that would be amazing!!! It would be a unique thing... not done for many many years. But if they were doing today it to make money on it, then they are fooling themselves.

goto the new and improved realcent: http://realcent.org
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daviscfad
1000+ Penny Miser Member



USA
1664 Posts

Posted - 07/03/2010 :  09:22:39  Show Profile Send daviscfad a Private Message
I personally will never buy the 22 NO D. I mean i dont see where a planchet that was struck with a worn out die, over polished die is worth 600 and up. i mean if it was a true philly mint i would get it but i am not going to pay that for an over polished die. Hopefully people will catch on that it is crap

Inquiring minds want to know
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uthminsta
1000+ Penny Miser Member



USA
1872 Posts

Posted - 07/03/2010 :  09:57:56  Show Profile Send uthminsta a Private Message
quote:
Originally posted by daviscfad I personally will never buy the 22 NO D. I mean i dont see where a planchet that was struck with a worn out die, over polished die is worth 600 and up. i mean if it was a true philly mint i would get it but i am not going to pay that for an over polished die. Hopefully people will catch on that it is crap

Would your perspective change if the coin was worth, say, $50? Or if you found one in a sort, would you keep it or sell it for $600?

Come to the new and improved realcent: http://realcent.org
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daviscfad
1000+ Penny Miser Member



USA
1664 Posts

Posted - 07/03/2010 :  10:58:48  Show Profile Send daviscfad a Private Message
i would not pay nothing for it. B.c i am not going to buy it. if i found one i would keep it yes. but as far as paying crazy money for it NO. if it was selling for a dollar noone would want it. See the problem with this coin is most people think the Denver mint forgot to put a D on the die. That is not so. It was just polished off meaning it was originally there. I dont buy into the NO FG cents either. My opinion was not always this way on this coin but as i received knowledge about it I found out it was neither a mint error or a variety. The biggest thing that bugs me is everyone sells it as if it were a Philly mint. even the albums leave you and empty spot for it. oh well thats JMO on it. I guess i just feel I like many others have been lied to on what it actually is, b/c most people you talk to dont even know its the affects on an over polished die.

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