Just picked up a deceased dealer wheatback inventory BUT

I dont collect them. I dont know what they are worth and I dont know the best way to sell them. Supposedly these have been locked away since the 1970's.
I could use a little guidence.
Here are a few quick images-

 

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Very cool. Not sure best way to part but seems like a cool pick up to me.

 

Easy job. Get a redbook and see if there are any key dates or varieties: http://www.amazon.com/Guide-Lincoln-Cents-Official-Books/dp/0794822649
Then decide if you want to sell them asap - that would be eBay or right here on CT - or if you want to get the better coins/dates graded first... you can always post pictures of some coins here and ask others for their opinion. I would sell the best coins individually and maybe offer all the others as a lot.

 

Ill be honest I would just as soon sell the whole thing. I just dont know if I have the time. There are 120 coins here. It will take forever.
Im just going to have to figure out the better dates.

 

Also check the condition (circulated/unc) and if there are proof coins included. If you don't want to wait until the book is delivered, there are various online price guides available.

 

According to price. Everything over $10 I have the following dates-
1921, 1913, 1919d, 1912, 1913,1925s, 1910, 1918, 1911, 1939d, 1920.
A few more.

 

When I have done this before, I found that some the old collectors/dealers for the most part had over-graded, and disregarded many damaged or cleaned coins, so the actual value was just a fraction of the marked, so I suspect for best value to you, a lot of photos would be needed, or ebay.

 

If these have been locked up since the 70s you may have some that are worth multiples of what is written on the cardboard.

For instance, if the 1925-S is a medium grade uncirculated, the value could be in the low to medium hundreds depending if it is Red or Brown.

This would go for most early date (pre 1930) Lincoln's.

 

I have 60 wheatbacks that are 1930 and down.
Should I just list them as one lot on ebay?
I want to just put the whole group on and call it a day. I just dont know the best way to do it. I have 0 experience with selling these.

 

I paid $400. I dont know if I did good or not. I had to buy them because the lot had paper money so in order get that I had to buy these. Honestly I would be happy to pass it for like $500. Looking at ebay I am confused because I see so many different ways to go about it.

 

Without knowing each coin and condition, it is nearly impossible to answer that. First off, I sincerely doubt you could get over $1 for any coin 1934 and later - and that includes the 1939-D. The 1934 and later would only be worth selling as a lot. Any unc coin before 1934 could well be worth several dollars to hundreds. However, I am seeing a lot of marked down prices. I would guess they came from a junk bin so they may also be difficult to sell. But without seeing each coin, no one can answer for sure.

 

A quick glance at your photos leads me to believe that many of these may have been cleaned and/or dipped. If so, you are toast.

 

Im just curious what you mean by "you are toast"?

 

He means that if that is the case then they will only be worth a small fraction of what you paid.

 

Oh I am not worried about that. The paper money I bought I knly paid a fraction of its true value. These just were part of the lot. I think we have all been there....I thjnk I am covered anyway. I have 4 1909 vdb and one 1909s vdb.

 

FWIW, there are more fake 1909-S VDB's out there than there are real ones. And your 1909- VDB's are only worth about $10 - $20 unless there are full red uncirculated.

 

Thanks for the info guys. All in all its been a great day. I really enjoyed sorting these out. I am sure once I sell them this will have been a great experience. The paper money portion has netted me a hefty profit and allowed me to add to my collection. Pennies do nothjng for me at all.

 

redsox are you in the Boston area?

 

Dude, why don't you simply post pics of the top 5 cents from the lot? So people can estimate the grade and potential value...

 

I don't get it, OP. You originally bought a collection of pennies, then when you were told about the probability that you paid more than you should have, you also happened to purchase currency in the collection at a huge discount to the true value. Then you sold the currency at a huge profit because it's not something you collect? I don't get it. Usually when I buyout a collection, it's because there's something I see that I want and the seller refuses to just sell individual things. It's almost never (well, never) the case that I get something I really want at a huge discount, then agree to buy something I don't want for well over it's expected resale value.

Why come to a coin forum to ask for value, then ignore members who say they need better photos to give you a true value?