Here it goes.

Discussion in 'Coin Chat' started by John Doe, Jan 8, 2011.

  1. John Doe

    John Doe Junior Member

    I have 20 dollars (I'm twelve and I spent all of my money on XMAS presents).
    What coin(s) should I get.
    I like wheat cents, and anything (accept modern nickels) in circulation.
    I know it's not much money but I need a coin that is under $20.

    Thank you (I've been thinking about wheat penny rolls? Maybe half dollars).
     
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  3. Coinguy56

    Coinguy56 Member

  4. raider34

    raider34 Active Member

  5. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    There are several ways to go, you can go common dates on allot of stuff for $20!
     
  6. ratio411

    ratio411 Active Member

    If I could go back to 12 and spend my money over, I'd buy nice key/semi-key coins.
    For 20 bux, there are some nice cents, nickels, and dimes you could get into.
     
  7. silentnviolent

    silentnviolent accumulator--selling--make an offer I can't refuse

    I agree with raider... a good error book is well worth the $20 and will last a lot longer than a couple rolls of cents to search.
     
  8. John Doe

    John Doe Junior Member

    The semi-key ones look nice. Does anybody have the book and if so, is it good? Thanks for the suggestions, and could you please not give me eBay links because nor me or my mom can buy on there.
     
  9. raider34

    raider34 Active Member

    I do not have that particular book, but I have seen it recommended on here many times. (Also, I'm familiar with the Official Redbook style from the Morgan and Buffalo/Jefferson guides written by Bowers; which I recommend).
    The other Lincoln book I've seen strongly recommended is The Complete Guide to Lincoln Cents. You might want to wait for more Lincoln cent collectors to chime in before you make a purchase; you can also search the forum, there's a bunch of topics on them.
     
  10. zekeguzz

    zekeguzz lmc freak

    I think wheat cents are the way to go. Maybe the best way to get some is at your or any bank ask for customer wrapped rolls
    of cents. It will take a while but hang with it as we all have. Buy the WHITMAN or H.E.Harris&Co. folders as well as the 'Red Book'.
     
  11. John Doe

    John Doe Junior Member

    I have asked the bank before but only once for two rolls and no wheat cents.
     
  12. rosethe

    rosethe Junior Member

    Hi JD,

    I have a lot of various Whitman coin folders that I could send you, as a gift. They are from the 1960's but unused. If you're interested, PM me!

    Good Luck with your investment.
     
  13. cubenewb

    cubenewb Consumer of Knowledge

    Just another thing to consider JD; one of the best ways to get involved in coin collecting is searching through bank wrapped rolls. For $20.00 you could get nearly a box of pennies ($25.00), and out of the 2,000 pennies you're bound to find wheats, uncirculated specimens, and maybe even some errors. Consider talking to your mom and see if she'd be willing to pick you up a box or two every couple weeks (advice her it won't be costly, since you buy $25 in pennies, take probably 10 coins out, and redeposit the $24.90.

    I know you cannot use ebay but here's a link to an auction with the Red Book; it's pretty much the best source for errors/pricings for beginners:
    http://cgi.ebay.com/2011-Red-Book-United-States-Coins-Softcover-Redbook-/380304781378?pt=LH_DefaultDomain_0&hash=item588bee7042



    edit:

    Woops just saw you suggested that ;)

    JD my advice would be to buy more than two rolls, but only if your funds permit
     
  14. Louie_Two_Bits

    Louie_Two_Bits Chump for Change

    Since you collect circulated coins, get a used copy of the Cherrypickers' Guide. You can search circulated change for errors. And if you're lucky enough to find something good; sell for a profit and plow the profit into purchasing coins for your collection.

    -LTB
     
  15. Tukas

    Tukas New Member

    Hi, I am new here but I have a 10 YO son and he decided to change in his $15 for pennies. After helping him search through them all, there were a few S's and others that he can sell on Ebay, and then depost the profit and the regular stuff and then when he is ready again (as you know things can get a bit boring after a while), take out another $15 in pennies to try again.

    Good luck little dude!
     
  16. John Doe

    John Doe Junior Member

    Hey guys its me a hg ain I now have 700 dollars
     
  17. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    So, now that you have that money burning a hole in your pocket, what are you thinking about buying?

    Chris
     
  18. -jeffB

    -jeffB Greshams LEO Supporter

    Hey, if you can turn $20 into $700 in two months, you don't need our advice... :)
     
  19. gbroke

    gbroke Naturally Toned

    lol. I also have $20. Please tell me how to turn it into $700!
     
  20. chridular

    chridular Member

    Well, if we're talkin' 700 dollars at your age.. I'd say keep the original plan of using 20 for coins and open a savings account for the rest. Unless of course you can turn that 700 into an even greater amount as you did with the 20. Let's see... percentage-wise wouldn't that mean that you could turn 700 into 24500? Maybe you should just stick with your current habits. ;)
     
  21. bobbeth87

    bobbeth87 Coin Collector

    Buy a Whitman coin folder of your favorite coin, then use the rest to buy rolls of coins from the bank. Search through them and fill the holes, then turn the unused coins back and and start over. If you choose dimes, quarters or halves, know that anything 1964 and older (1970 and older for halves) have silver content.

    The thrill of the hunt is what is exciting. Good luck
     
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