| Author |
 Topic  |
|
|
uthminsta
1000+ Penny Miser Member
USA
1872 Posts |
 Posted - 11/11/2009 : 23:01:49
|
|
Since one main focus of this forum is to separate copper cents from zincs... and since many of you have sorted millions of cents... it has to happen that many of you would find coins that have a greater numismatic value than their intrinsic value. My question is what do each of you do when you come across those things? What do you sell, what do you save, etc?
|
Come to the new and improved realcent: http://realcent.org
|
|
|
toomuchcopper
Penny Collector Member
USA
406 Posts |
Posted - 11/12/2009 : 05:29:24
|
| I was wondering the same thing, especially for the big sorters. i myself am still hand sorting (until friday,when my ryedale had feed is suppose to show up) so as of know i seperate out all 69,69s,71,72,84,all other "s" canadian,canadian kings,wheat,other foreign coins, into seperate containers with the idea that someday i will look through them and figure out what to do with them....for me its about the chase, its about finding a wheat, or the possibility of finding a 72 double die. to date, i have sold nothing, but ideally it would be great to fund the hobby by selling some coins. when the copper dries up, i will start selling.... |
visit www.crazycoinguy.com
for information on how to sort, what to sort, and sorting equipment. We also sell copper pennies in bulk, and other coins. |
 |
|
|
NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 11/12/2009 : 06:34:27
|
Sure, you can find some nice things. Many moons ago when I hand sorted I pulled wheats, Canadian, foreign, etc. all the time. Once I got my Ryedale I quit searching my coppers. Everything good is still in with the copper....
When I was hand sorting, I put together coin albums, and constantly traded to increase my collection and fill the holes in my book. Not much into selling at the time, trading yes. That's just me, but I'd be willing to bet I'm not alone.
Deal |
Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
|
|
|
george454
Penny Pincher Member
242 Posts |
Posted - 11/12/2009 : 08:53:55
|
| I'm a piddly hand sorter as well, so I take the time to pull all key dates scan them and then either put them into the copper pile or keep them if they are error's, S, Wheats, BU (even Zincs), foreign, and so on. I currently have not sold any coins however I have amassed quite a collection. I was planning on taking them to a coin show to see what I can get or trade for them. |
|
|
|
uthminsta
1000+ Penny Miser Member
USA
1872 Posts |
Posted - 11/12/2009 : 11:15:10
|
Setting the bar at, say, one dollar, how often do you find a cent that would numismatically be above the dollar mark? I don't think I've ever found something worth more than a dollar or two, at least not in cents. Never found an Indian. Almost never even find pre-40 wheats. The oldest I found in my most recent bag was 1927.
For me, most often I find wheats. So they go through a pretty quick cycle:
1 - Is it one of the few not already in my collection?
2 - Is it an upgrade to the one I have?
3 - Is it one my daughter could use?
4 - If the answer to these three is no, then it goes in a box to be sold when I get a few hundred. Which is not very often. I typically roll them as whatever is left is common date wheats, worth only a few cents apiece.
If it's foreign, I just keep it. Then if it's not something that really belongs in my collection, over time it gets dumped into a dealer's "junk box." I usually wait until I have a big handful and maybe get a buck or two. Coolest recent find was a 1980 Panama centesimo. |
Come to the new and improved realcent: http://realcent.org
|
|
|
|
Coinage
Penny Collector Member
Canada
303 Posts |
|
|
toomuchcopper
Penny Collector Member
USA
406 Posts |
Posted - 11/12/2009 : 19:04:15
|
| what about you guys with the ryedale machines. do you guys even look through the copper or is it simply about the copper? |
visit www.crazycoinguy.com
for information on how to sort, what to sort, and sorting equipment. We also sell copper pennies in bulk, and other coins. |
|
|
|
Copper Catcher
Administrator
USA
2092 Posts |
Posted - 11/12/2009 : 20:13:27
|
I glance at the coins zipping thought the Ryedale on both side i.e. the zinc side and the copper side. Every Indian Head penny I've ever found was in the zinc side and many older wheats fall on that side as well! So, you have to really scan what you have closely.
I'm sure I miss some things but it is difficult to look at all the details and still sort a decent amount to keep the process going.
I like to keep what I find. Probably the best unusual find was a coin with a blank front and a fully stamped reverse that I set off and got it certified. Amazingly, I found another one of those tonight!! |
|
|
|
NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 11/12/2009 : 20:20:12
|
quote:
Originally posted by toomuchcopper
what about you guys with the ryedale machines. do you guys even look through the copper or is it simply about the copper?
As I mentioned, everything is in my copper pile. Including indians, dimes that I don't see come out of the machine, foreign, wheats, etc. Just about any and everything that doesn't jam the Ryedale is in there. Where everything ends up depends on your settings and your "target" coin.
Deal |
Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
|
|
|
dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 11/12/2009 : 20:40:30
|
| I do go through my pile of copper that my ryedale and I look for mint errors, s-mint mark, wheaties and anything that looks odd. |
|
|
|
oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 11/12/2009 : 22:40:03
|
| Don't throw those BU zincs back too quick. Some years can go for quite a premium. |
|
|
|
uthminsta
1000+ Penny Miser Member
USA
1872 Posts |
Posted - 11/12/2009 : 22:42:54
|
quote:
Originally posted by Coinagepick up a Numismatic book.
Which numismatic book do you mean? I have several. Four Krause World coin volumes (18th, 19th, 20th, 21st centuries), a British book (my specialty), Red book, Lincoln Cent Encyclopedia...
The question is not whether it's possible to find oddities and valuable coins in circulation. The question is whether each of you DO find them, and if so, what you do with them? |
Come to the new and improved realcent: http://realcent.org
|
|
|
|
daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 11/12/2009 : 22:50:33
|
| well i find stuff, but not all the time. I keep everything i find b/c things i have found are not worth a whole lot. If i find something thats worth a lot chances are i dont have it and will still hold on to it |
Inquiring minds want to know |
|
|
|
oly1oly1
Penny Sorter Member
USA
81 Posts |
Posted - 11/12/2009 : 22:51:18
|
I haven't sold any yet, but I do sort my copper. I have almost $50.00 in 40 and 50's wheats that I may sell when I hit $50.00 worth.
I have about $3.00 in pre 1939 pennies that include many teens and twenties. I may sell for numismatic value if someone is interested in purchasing or trading.
I was surprised that more buying and trading of numismatic value wheat pennies is not done on this site.
I considered listing my more valuable wheat pennies on this site for trade or purchase with a ballpark condition rating (since I don't have much experience rating coins).
I plan on selling my canadian george vi's and early queens when I get $50.00 bags of each. I get a lot of canadian being a border state.
Great topic! I have been thinking about myself the last few days as I have been sorting my copper in large batches the last week or two and getting lotsa wheats and canadians. |
T.O. |
|
|
|
jadedragon
Administrator
Canada
3788 Posts |
Posted - 11/12/2009 : 23:14:37
|
Anything interesting goes in a box for later. I've scored nearly a whole roll of the Nickel Refinery coins, a few George V pennies and nickels, and lots of international coins.
I try to hand sort my coppers before counting and storing them. |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
|
|
|
highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 11/13/2009 : 14:38:54
|
| Its simply not worth the time and effort to try to pull out the wheats and other numistmatic coins. If you are hand sorting than thats differnt because you are spending several hours on it anyway. I think most people who use machines to sort don't take the time to pull out the wheats and indians. If I see them I pull them but I dont actively look. |
Copper Penny Investing
www.portlandmint.com |
|
|
|
Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 11/13/2009 : 15:07:08
|
| i give em to my 6 year old. he's a money magnet. i bought some junk halves and he found the only barber in less than 30 seconds, an 1892-S (worth about $230). I took him to the bank to get halves and he finds a folded $20 bill on the floor by the coffee pot. I got some bulk wheat cents from a dealer and he found a 1914 i think it was worth $20. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
|
|
|
| |
Topic |
|
what to do with stuff of higher numismatic value?
Forum Locked
