Hello, i have inherited a large amount of pennies. At this point, there are way too many pennies to have laying around my apartment. They range from present day to wheat pennies. I plan on saving the wheat pennies but want to roll the Lincoln's. Is this agood plan or are they worth holding on to? Is there anything I should be on the look for? I was told I can roll anything from 1982 to present day. Do you agree? Thank you in advance!
I would personally pick up a redbook/ cherry pickers guide, they should help you with what you need to look out for.
Welcome to CoinTalk. You'll learn a lot here. It takes a lot of time to search through a large quantity of coins. I'd separate the wheat cents from the memorial cents. Then you really need to read up on what to keep and what up roll up and cash in. Like others will tell you, you should get the Red Book and the Cherrypickers guides. Search this site for relevant threads and go to Lincoln Cent websites for more advice. When you find your first significant cent, all the time spent will feel well worth it. It's the satisfaction you get from coin collecting.
since it's cents, and from the sound of it mostly Lincoln cents, I recommend "The Authoritative Reference on Lincoln Cents" as a comprehensive guide. Have fun!
Welcome:welcome: It depends on your goals. If your goal is to collect and enjoy them, then that is a different route alltogether than if you're just trying to unload them and hopefully pocket some premium over face value (for the Wheats and other oddities). Just remember that like anything, you pay more for someone else to do it for you (I tell my buddies at the ball games you're not paying $7 for a soda, you're paying $1, and $6 for having it here, now). So, with that said you could find a local coin shop or post something here on CT's auction site, or on eBay, and auction off the lot - someone will enjoy the treasure hunt, but it may be tough to break even with transaction costs and shipping (perhaps local sales only). For maximum profit potential, but significant amount of time, and to most here, fun, sorting yourself and cataloging them is key. Here's what I'd presonally recommend: 1) Redbook (sprial bound only) 2) Cherry Pickers Guide (this may seem like too deep a dive, but you'll want it for reference) --https://whitman.com/Inventory/Browse/Whitman-Books 3) a good light - if you have funds, this one or similar, is great -- http://www.staples.com/V-Light-Clam...t_850806?cid=PS:GooglePLAs:850806&KPID=850806 This will save you a lot of time, eye strain and back ache, as you can move the light into position, and have both hands free to handle coins and if necessary flip through books. Then: 1) thoroughly wash hands, clean your sorting area, and have some old rags, perhaps some old white towels or tshirts to lay out. This helps keep the coins from bouncing around, from getting dinged, and increases your visibility (white background). Try to do this in a place where you won't need to clean it up if you don't finish it in your alloted time. (even though many of the coins are likely dirty, you don't want to add to their grime if you find a valuable coin - wash frequently) - don't clean ANY coins at this point - if some are so dirty you can't tell what they are, set them aside for now. 2) I'd sort the coins by decade, with the 50's separated into wheats/memorials. Set aside any of the following - really bright, nearly flawless older coins - handle with care. - any ones that look 'funny', different, damaged, etc. (go through the cherrypickers guide later) - any ones too dirty to identify - don't clean them yet. - any that aren't wheats or memorials (indian head, flying eagle, canadian) You'll need about 15 containers for this, use any plastic containers (less than 20 yrs old). 3) Let us here on CT know what you have after this exercise, and people here could offer you some next steps to maximize your enjoyment and profit potential.
Welcome to CoinTalk!! If you don't really want to bother with them you can just package up all your cents/pennies, put them away and forget about them. That way they will be out of the way and if there is ever a time you decide you want to start a Lincoln cent set or go through them you will have something to start working with. You can also leave them packed away and then pass them down to maybe you child or someone else that you know might enjoy putting together a set. I don't know if you have any sentimental value for them or the person they were handed down from.
