I receive an original bank bag of 5000, 1966 uncirculated Cents a few years ago. It remains untouched with the exception of $15 worth which I gave to my 2 grandsons and a nephew a couple of years ago. My local dealer says to leave them alone, but he would like to buy a few rolls if i decide to roll them up. What would you do?
Any coins that you are going to keep should probably be kept in a cool dry place (away from any outside wall or attic). Wrapping the coins in sulfur laden paper-wrappers is probably not such a good idea. It will be interesting to read some of the CT comments. Very best regards, collect89
I wouldn't sell any until i went through them you never know what you could find some minor errors,and major ones. I would suggest roll them up ,and sell them as a UNC Roll on EBAY, but you may have MS high grade coins ,you really have to put some time and look them over I would not sell any to a dealer tha'ts for sure until i look at them Jazzcoins Joe
They are not untouched now. Well you did not mention if it was a mint sewn bag or lead sealed?? If mint sewed you probably decreased it's value by opening it but not to much cause it's not a high powered bag to begin with. I would search it for errors first, off centered, blanks, etc. then I would search it for doubled dies, DDO-001 and there is a couple of DDR's that have value. DDO-001 is relatively rare, an early die state would be a prize if gem red. If these phrases confuse you you would probably not be able to find the varieties unless you want spend some time, (and money) to learn what they are and how to tell them. It is now not a complete bag so the value would be in the eyes of the buyer if you find one. I would and have typically paid anywhere from $65 to $100 dollars for mint sewn bags such as you have before the ones were removed or if rolled a dollar to 2 dollars a roll if it was one I needed - 1966 would not be one I would reach very far for. A dealer will probably only go a little (very little) above face value for your coins. Hope this helps, Ben Peters
This is a better date. At one time it wholesaled at $4 a roll and this was in the days that $4 meant a little something. Apparently a few bags came on the market and the price tanked to about $2.25 where it remains. This date tends to be mushy strikes but nice ones aren't extremely difficult. Most bags will contain at least a couple hundred attractive coins except for marking. \ I think it's underappreciated. When you see penny rolls come into a coin shop the '66 often isn't included or is represented in smaller numbers. Bags are not common. People hoarded 1964 cents by the truckload but they scaled back a lot in '65. By '66 most had quit saving any of the new coins.
Well you did not mention if it was a mint sewn bag or lead sealed?? If mint sewed you probably decreased it's value by opening it but not to much cause it's not a high powered bag to begin with. I would search it for errors first, off centered, blanks, etc. then I would search it for doubled dies, DDO-001 and there is a couple of DDR's that have value. DDO-001 is relatively rare, an early die state would be a prize if gem red. If these phrases confuse you you would probably not be able to find the varieties unless you want spend some time, (and money) to learn what they are and how to tell them. It is now not a complete bag so the value would be in the eyes of the buyer if you find one. I would and have typically paid anywhere from $65 to $100 dollars for mint sewn bags such as you have before the ones were removed or if rolled a dollar to 2 dollars a roll if it was one I needed - 1966 would not be one I would reach very far for. A dealer will probably only go a little (very little) above face value for your coins. Hope this helps, Ben Peters The bag was origanally a sewn Bag. It had already been open and tied with a cloth strap when it was given to me. At the time I got it, I was told by a dealer that it was only worth face value. I put it aside and did not really think about it until i saw a recent post. I pulled out some and made a gift to my 2 grandsons, who will most likely end up with my collections anyway. I am not a coin expert, and I don't pretend to be, but i don't get confused, and i am a quick learner. I collect for enjoyment, not investment and I have lots of time.