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DadaOrwell
Penny Sorter Member
99 Posts |
 Posted - 06/17/2007 : 21:15:11
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I've been buying wheat pennies lately whenever I'm in a coin shop.
end up payin an average of 3.4 cents but am about to lose my cheapest supplier.
I figure heck they've stopped makin' em....not much chance they will drop in value.
What kind of experiences are you guys having with these?
Want freedom?
Move to New Hampshire!
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Crash
Penny Pincher Member
USA
155 Posts |
Posted - 06/19/2007 : 17:01:04
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| I've never bought them at a coin shop, but I usually get pretty lucky when I sort.(well, I consider it lucky). I usually get 2 or 3 for every $10.00 I sort. As a matter of fact, I just got my oldest one yet, from 1919. I keep hoping to find an Indian Head cent, but I'm not hopeful |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 06/19/2007 : 19:09:08
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This was taken from a site online. There may be money to be made in those wheaties.
Wheat Cents
Complete your collection of Lincoln Wheat Cents!!! All coins come in average circulated.
1909 to 1919 1920 to 1929 1930 to 1939 1940 to 1949 1950 to 1958
1910 ---- $0.40
1911 ---- $1.00
1913 ---- $0.75
1914 ---- $0.70
1916 ---- $0.30
1917 ---- $0.30
1917-D - $0.45
1917-S - $0.75
1918 ---- $0.30
1918-D - $0.75
1918-S - $0.65
1919 ---- $0.30
1919-D - $0.40
1919-S - $0.35
1920 ---- $0.30
1920-D - $0.50
1921 ---- $0.40
1923 ---- $0.40
1924 ---- $0.45
1925 ---- $0.25
1925-S - $0.60
1926 ---- $0.25
1926-D - $0.40
1927 ---- $0.25
1927-D - $0.40
1928 ---- $0.30
1928-D - $0.30
1928-S - $0.90
1929 ---- $0.25
1929-D - $0.30
1929-S - $0.25 1930 ---- $0.30
1930-D - $0.45
1930-S - $0.35
1934 ---- $0.20
1934-D - $0.25
1935 ---- $0.15
1935-D - $0.20
1935-S - $0.30
1936 ---- $0.15
1936-D - $0.20
1936-S - $0.25
1937 ---- $0.15
1937-D - $0.20
1937-S - $0.20
1938 ---- $0.15
1938-D - $0.35
1938-S - $0.45
1939 ---- $0.15
1939-S - $0.35
1940 ---- $0.25
1940-D - $0.25
1940-S - $0.25
1941 ---- $0.15
1941-D - $0.20
1941-S - $0.20
1942 ---- $0.15
1942-D - $0.15
1942-S - $0.25
1943 ---- $0.35
1943-D - $0.45
1943-S - $0.40
1944 ---- $0.20
1944-D - $0.20
1944-S - $0.20
1945 ---- $0.20
1945-D - $0.20
1945-S - $0.20
1946 ---- $0.20
1946-D - $0.20
1946-S - $0.20
1947 ---- $0.20
1947-D - $0.20
1947-S - $0.20
1948 ---- $0.20
1948-D - $0.20
1948-S - $0.20
1949 ---- $0.20
1949-D - $0.20
1950 ----$0.20
1950-D - $0.20
1950-S - $0.20
1951 ---- $0.15
1951-D - $0.15
1951-S - $0.20
1952 ---- $0.15
1952-D - $0.15
1952-S - $0.15
1953 ---- $0.15
1953-D - $0.15
1954 ---- $0.15
1954-D - $0.15
1954-S - $0.15
1955 ---- $0.15
1955-D - $0.15
1955-S - $0.30
1956 ---- $0.15
1956-D - $0.15
1957 ---- $0.15
1957-D - $0.15
1958 ---- $0.15
1958-D - $0.15
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Fanaticism is doubling one's efforts, yet forgetting one's purpose.
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 06/20/2007 : 13:43:49
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"I keep hoping to find an Indian Head cent, but I'm not hopeful."
In the machine wrapped penny boxes that I have sorted, I have found 4 Indian Head cents. The oldest is 1893. If my results are any indication, the odds of finding one should be around 4 in 150,000 or 1 in 37,500 or 1 in every 15 boxes of pennies.
AS for wheat pennies I average around 8 per box or about 1 for every 6 rolls.
Good luck. |
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Crash
Penny Pincher Member
USA
155 Posts |
Posted - 06/20/2007 : 14:35:32
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Horgad,
Four is a pretty impressive haul. I have gone through roughly 20,000
so maybe I can come up with one by the end of the year.
DadoOrwell,
I'm curious, would you be willing to pay the prices for wheat cents that Ardent listed? While I think they are reasonable, I'm not quite ready to start paying over face since I regularly find them. What kind of luck have you had finding wheats through sorting? |
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Crash
Penny Pincher Member
USA
155 Posts |
Posted - 06/20/2007 : 14:40:34
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DadaOrwell,
Sorry, I just realized I misspelled your name. Can anyone tell me how to edit a post after it has been sent? |
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Cerulean
Penny Hoarding Member
USA
993 Posts |
Posted - 06/20/2007 : 14:52:03
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Crash, it is simple to edit your posts. Between your post and the above post, there is a line of icons. When you are logged in, the one with the pencil (fourth from the left for me) will open up your post for editing. After you've made your changes, click Submit.
RUNNING TOTAL
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3075 zincs (1982-2007) 75.7%
957 coppers (1959-1982) 24.0%
23 wheats (1920-1958)
6 Canadian (1968-1995)
1 dime (2004)
Wanna take money away from the Fed? Spend dollar coins! |
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Crash
Penny Pincher Member
USA
155 Posts |
Posted - 06/20/2007 : 16:18:59
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| Thanks, Cerulean. If it was any more obvious, it would have bitten me. |
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centsless
Penny Pincher Member
119 Posts |
Posted - 06/23/2007 : 15:05:01
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| i have been sorting pennies only about 2 months now. within the first month i found a 1902 indian head in good condition and was surprised that, when i looked up its value in the coin magazines, the price for that coin was only $1.25. i wouldnt be getting your hopes up about making alot of money with wheat cents, especially post-depression ones. (1934 or later). with the exception of course of double dies or RPM's ( repunched mint marks) |
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Crash
Penny Pincher Member
USA
155 Posts |
Posted - 06/23/2007 : 18:37:47
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centsless,
That's great on the Indian Head find. Believe me, I don't ever expect to get rich from wheat cents. I just have alot of fun collecting them. That being said, I agree with DadaOrwell. They aren't making them anymore and they can only go up in value. I'm still not ready to start buying them in bulk, though. |
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pencilvanian
1000+ Penny Miser Member
USA
2209 Posts |
Posted - 06/23/2007 : 20:48:14
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While we may not make a fortune on the Indian Heads and wheats, we should still keep in mind the following facts:
The Indian Head pennies go up in price as the years go by. today's prices do not consider next decade's demand and value.
That goes double for the wheat cents.
Finding an Indian Head in circulation is like finding a mini-jackpot, a 1¢ coin turns into $1.25, even a 1¢ wheatie turns into a 4¢ cent coin (minimum price), increased profit by just finding it in circulation.
If there should be a big run up in copper as there was in silver in 1979-1980, expect to see millions of old cents (wheats) sold to the smelting firms.
Finding the wheats and on rare occasion Indian Heads gives us something to either sell in the future or leave to the next generation, a legacy if you will.
I should have chosen "Cut-n-Paste" as a forum name, since that is what I do, mostly. |
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centsless
Penny Pincher Member
119 Posts |
Posted - 06/24/2007 : 10:13:01
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| i DO look thru my old wheat cents for any errors. i use THE Complete Lincoln Cent Encyclopedia by Shane Anderson as a resource. i havent found any since i have started sorting pennies, but i did find a 1972 double die in a roll that my father had procured several years ago. it wasnt a severe double die, rather a minor variation. it books for about $15. i also notice in circulation many unc or close to unc 1983's and 84's. i am sure they were kept in rolls and opened recently to find errors as there were errors in each of those years. |
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just carl
Penny Hoarding Member
USA
601 Posts |
Posted - 06/28/2007 : 19:14:04
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The list given here with prices are all possibles but the grades of those is important. If in what is known as Good or G-4 grade, then every price is over normal. If you look in the most used coin book, The Red Book, you'ld notice every coin listed is common mintages and in low grades not worth nearly as much as noted.
As for looking through all Lincoln Cents most people miss the important coins completely. There is a web site called coppercoins.com The person that made this web site has taken over 10,000 photos of just that coin. He has written two books on just that coin. You could look up each date from 09 to present on his web site for errors and other factors.
An example is the 1917. Here it is just a coin worth a few cents. but if yours is a obverse double die it is worth hundreds to well over a thousand in MS condition. Naturally everyone knows about the 1922 without a D mint mark. Minimum is about $600. And there are many more.
Carl |
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Crash
Penny Pincher Member
USA
155 Posts |
Posted - 07/13/2007 : 15:59:27
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Yesterday, I got a wheat cent in change after a trip to Wal Mart. I can't remember the last time this happened. Years would be my best guess.
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centsless
Penny Pincher Member
119 Posts |
Posted - 07/13/2007 : 18:04:57
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| crash, what part of the country are you from? i probably get 1 wheat penny on average in every five rolls i search. today i got a 1918,1941s and 1946 in the 20 rolls i got.the other day i got a 1910. granted these are low grade but it is still exciting. |
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TenBears
1000+ Penny Miser Member
USA
1021 Posts |
Posted - 07/13/2007 : 21:06:34
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| 1919 is my earliest date by far. No 1920s and very few 30s. Most wheats I get are 40s and 50s. I am jealous of the "Feathered Liberty" finds. Horgad may have the record with an 1893. Has anyone found anything from their sorting of currently circulating coins older than an 1893? I think if I ever find and indian head out of circulation, I may have it framed. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 07/15/2007 : 16:28:03
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quote:
Originally posted by texcattlerancher
1919 is my earliest date by far. No 1920s and very few 30s. Most wheats I get are 40s and 50s. I am jealous of the "Feathered Liberty" finds. Horgad may have the record with an 1893. Has anyone found anything from their sorting of currently circulating coins older than an 1893? I think if I ever find and indian head out of circulation, I may have it framed.
I have only found a few Indians in my sorting, the oldest being 1897, but my boss found an 1865 in one of her rolls from her credit union the other day.
"Preserving coinage.. 2 tons at a time"
HoardCode0.1:M48/14USCA:US1Cu639700:US5Ni2400:CA5Ni46 |
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Crash
Penny Pincher Member
USA
155 Posts |
Posted - 07/16/2007 : 09:16:32
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quote:
crash, what part of the country are you from? i probably get 1 wheat penny on average in every five rolls i search. today i got a 1918,1941s and 1946 in the 20 rolls i got.the other day i got a 1910. granted these are low grade but it is still exciting.
I live on the Mississippi Gulf Coast. I usuually average about 2 or 3 wheats for every $10.00 I sort. The wheat cent I got at Wal Mart was the first time I got one in change after a purchase in a long time. |
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Hirbonzig
Penny Collector Member
USA
451 Posts |
Posted - 07/16/2007 : 20:12:43
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| The oldest cent found in a roll was a 1916-S in about G-4 condition. In one box of cents there was a wheat back at the end of a roll,looked neat right out of the bank box. |
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aloneibreak
Penny Hoarding Member
USA
672 Posts |
Posted - 07/21/2007 : 21:44:21
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| ive found 2 indian heads since ive been sorting more these last few months. 1906 and 1907. common dates as far as indians go but i stapled them both in 2x2's anyways so i can keep track of them. |
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just carl
Penny Hoarding Member
USA
601 Posts |
Posted - 08/15/2007 : 08:51:46
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Keep searching. One dealer I know said since he has had thousands of Lincoln Cents over the years and still buys bulk quantities from garage/yard/estate sales, at times he puts a few back in change. He does it for the fun of it. Never a valuable one. Usually the common, well worn ones. I too have done that. When I take a pile of coins from change to the bank I will always throw in an old, not to valuable, wheat cent. At my age putting a little something back from where I got it is no big thing. Also, there is always people that have had a jar, can, box of old coins laying around and if money is tight, to the bank they go. Lots of reasons there will always be old coins out there.
Carl |
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Wheaties
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