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smalltimeopn
Penny Sorter Member
USA
54 Posts |
 Posted - 01/16/2010 : 07:09:26
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I purchased 20 rolls yesterday and I'm going through them now. It's amazing to find a few wheats in every batch (not roll). Some are not in that good of shape w/ corrision but some are in "G" condition or better. And every so often I'll get a wheat back in change.
You would think that even a non coin collector would realize there may be some additional value to these beyond 1 cent.
Why are there so many wheats still in circulation?
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 01/16/2010 : 07:15:32
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| People do not take the time to look in fact most people will not stop and pick up a penny on the ground. They were minted for about 50 year and hid in a lot of piggy banks. |
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barrytrot
Administrator
USA
721 Posts |
Posted - 01/16/2010 : 07:36:51
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Because the "some value" is like 3 extra cents. And then you have to find someone to buy it. If you have one or even 20, the shipping is more than the total value of the coins so it does not make sense for a "civilian" to collect them unless they think they are "neat".
Also, 3 cents to most is not worth bothering with. Of course, multiply that 1,000,000 times and you have something :) |
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kirkland
New Member
USA
0 Posts |
Posted - 01/16/2010 : 07:57:28
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I'm sure people would collect them, but they just let it go because they have other things on their mind. They probably won't even look at a penny, because people say, "It's only a penny." I say, "Every penny counts."
Good luck on finding some more Wheat Pennies! |
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NDFARMER
1000+ Penny Miser Member
USA
1197 Posts |
Posted - 01/16/2010 : 08:48:49
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| I wonder too about wheats in circulation. When you find a wheat from the teens or twenties has that coin been circulation for 80 - 90 years or has it been in someone's piggy bank for 20 - 30 years and they just took it to the bank and emptied it out? I also collect Morgan dollars, I often wonder what kind of stories some of them could tell from back in late 1800's. |
COPPER - the "poormans" precious metal!!!
SELLING - $100.00 face copper shipped to you for $189.00 machine rolled or bagged - PM me if your interested. |
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daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 01/16/2010 : 08:59:15
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| most people i know do keep them when they notice them but most do not notice them. They always ask how much for a wheat penny. then you tell them what a common wheat is worth and they say man i thought it would be more than that |
Inquiring minds want to know |
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smalltimeopn
Penny Sorter Member
USA
54 Posts |
Posted - 01/16/2010 : 11:43:19
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BTW, the final tally of wheats in 20 rolls:
41, 44, 46, 48, 50S, 52D, 56D
consolation prize:
82 canadian |
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bman
Penny Collector Member
USA
425 Posts |
Posted - 01/17/2010 : 06:33:38
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| I doubt if any of the wheaties we find in rolls today have been in continuous use since minted, the average lifespan of a coin is only like 20-30 years. |
check out my coins for sale on ecrater : http://bmanscoinsforsale.ecrater.com/ |
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misteroman
Administrator
USA
2565 Posts |
Posted - 01/17/2010 : 09:44:38
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| ^^^ was just going to say that. Look how smooth some 21 morgans are and they haven't circulated in 40+ yrs |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 01/17/2010 : 12:32:38
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Many times the coins sit for many, many years before being put back into circulation. Many of us here have gotten BU wheat cents in our sorts.
What amazes me is when you find an Indian. Surely someone would notice the difference.. it is different on both sides.
The smooth 21 Morgans are because of them being carried as a "Lucky" pocket piece for many years.  |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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kirkland
New Member
USA
0 Posts |
Posted - 01/17/2010 : 12:35:13
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| HCBTT is right. I once found a 1954-S Wheat Penny that had almost all of the original red color from the mint. |
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Topic |
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Wheat Question
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