150 pounds of pennies

Bill...a question...are they really worth that much??...I have always heard that a 99 wide AM is worth that but I have NEVER heard nor seen a place where a 99 Wide AM went for that...it seems that there are few collectors who pay much mind to them...
Of course I never have looked up passed auctions just watched a few on the internet and it seems like they go low to what people say.


Speedy

 

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Hi,
I've found and sold 1998 and 2000 dated Type 2 cents in the $25.00 to $35.00 range. I sold 1999 dated pieces in the $100.00 to $200.00 range when the rarity was first being established. Excellent variety dealers like Ken Potter have the 1999 Type 2 listed for quite a bit of money and I suspect that he is getting the prices he is asking. He is very reputable and folks know him. The 1999 Type 2 cent has proven to be very rare and has been established as a modern variety. I do think that it is quite feasible to get close to the prices that I mentioned.
Have Fun,
Bill
PS: Dont forget the "other" major variety on the 1999 dated cents. There are proof coins struck with business strike dies. So proofs can have the AM touching. Those are extremely rare as well.

 

Thanks for the info....I never heard of anyone getting that much for one of the wide AM...At one time I found them all in change but since I don't collect them I didn't keep them....

But I must say I have looked for them in change...don't know why...just have.

Speedy

 

I posted this a while ago but will retell. When my brother and I were kids (early 60's) my uncle was the chief of police in our community. My Dad would buy each Friday morning all of the coins that were collected from the parking meters during the week. This was a boomimg steel mill town so it wasn't uncommon to have over a thousand dollars in coins each week.
We would go thru all the coins and roll them so they could be taken to the bank Monday morning so we could do it again. Unbelievable what we found from Barber coins to a 22 Plain Lincoln.

 

Below is a quick glance table based on the WEXLER (WRPM) 1940-1958 Listings according to my files updated as of 5/31/2005. An explanation of each column follows.

Column 1 Date
Column 2 Mint mark
Column 3 Number of different WRPMs listed for each year and mint mark published in THE COMPLETE PRICE GUIDE AND CROSS REFERENCE TO LINCOLN CENT MINT MARK VARIETIES by Brian Allen and John Wexler
Column 4 Number of different WRPMs listed for each year and mint mark as extracted from my personal files and compared with the NCADD Auction Listing Dated 05/31/2005.
Column 5 Total mintage for each coin as listed on the back inside cover of my Dansco Lincoln Cent Album.
Column 6 Estimated population of WRPMs per 100 coins based on the assumption of 1,000,000 strikes per working Die
Column 7 Estimated population of WRPMs per 100 coins based on the assumption of 500,000 strikes per working die.
Column 8 Estimated population of WRPMs per 100 coins based on the assumption of the useful life of a working die is between 500,000 and 1,000,000 strikes.

2003 2005 Per 100 Per 100 Per 100
Year Mint WRPM WRPM Mintage 1000000 500000 Average
1940 d 6 6 81390000 7.37 3.69 5.53
1940 s 11 13 112940000 11.51 5.76 8.64
1941 d 10 10 128700000 7.77 3.89 5.83
1941 s 13 13 92360000 14.08 7.04 10.56
1942 d 17 19 206698000 9.19 4.6 6.9
1942 s 14 17 85590000 19.86 9.93 14.9
1943 d 19 29 217660000 13.32 6.66 9.99
1943 s 7 7 191550000 3.65 1.83 2.74
1944 d 19 19 430578000 4.41 2.21 3.31
1944 s 11 16 282760000 5.66 2.83 4.25
1945 d 17 26 266268000 9.76 4.88 7.32
1945 s 31 41 181770000 22.56 11.28 16.92
1946 d 31 76 315690000 24.07 12.04 18.06
1946 s 41 69 198100000 34.83 17.42 26.13
1947 d 7 15 194750000 7.7 3.85 5.78
1947 s 8 12 99000000 12.12 6.06 9.09
1948 d 9 17 172637500 9.85 4.93 7.39
1948 s 13 30 81735000 36.7 18.35 27.53
1949 d 15 15 153132500 9.8 4.9 7.35
1949 s 15 36 64290000 56 28 42
1950 d 6 27 334950000 8.06 4.03 6.05
1950 s 26 65 118505000 54.85 27.43 41.14
1951 d 37 60 625355000 9.59 4.8 7.2
1951 s 12 34 136010000 25 12.5 18.75
1952 d 42 104 746130000 13.94 6.97 10.46
1952 s 23 41 137800004 29.75 14.88 22.32
1953 d 39 67 700515000 9.56 4.78 7.17
1953 s 31 42 181835000 23.1 11.55 17.33
1954 d 10 33 251552500 13.12 6.56 9.84
1954 s 25 29 96190000 30.15 15.08 22.62
1955 d 17 39 563257500 6.92 3.46 5.19
1955 s 10 18 44610000 40.35 20.18 30.27
1956 d 28 67 1098201100 6.1 3.05 4.58
1957 d 36 76 1051342000 7.23 3.62 5.43
1958 d 33 86 800953300 10.74 5.37 8.06

Total 689 1274 10444805404 12.2 6.1 9.15


As you can see the hobby of variety collecting is very dynamic. The listing for WRPMs has almost doubled in the last 3 years. The above table is only a representation of Re-punched Mint Marks. If you added Double Die, OMM and other recognized variety listings to the mix, the population of varieties per 100 coins increases.

NOTE: Retired listings have not been adjusted for in the above table.

Hopefully the table lines up in the appropriate column format.

Happy Hunting.

 

That was a great line as anyone that has tasted Elk meat will agree with the quote! There are a couple of exceptions and that is pork bacon and sausage which I don't think I could ever give up!


Frank

 

Speedy,

I have seen several 1999-P "Wide AM" Cents go for well over $500 on eBay and if my memory serves me correctly, I think that there was one that brought over $1,000 last year. There is also a slim chance of finding a 1992-D "Close AM" which would probably fetch near $1,000 in AU condition and it is hard to imagine what one would fetch in MS-65 or better condition.

I just went through over 5,000 Wheat Cents and pulled out about 100 Error and Semi-Key Date coins. Included in the finds were two 1954-D/D "North" Cents, one 1956-D/D "Southwest" Cents, one 1953-D/D "West" Cents, several 1943 Steel Cents missing the "4" completely in the Date, a 1940-S/S/S/?/? Cent that is well worn but has "S" Mintmarks all around the Primary Mintmark, one 1913-S Cent in Good+ condition, one 1914-S Cent in VF+ condition and many, many other Error and Semi-Key Date Cents.


Frank




Frank

 

Thanks Frank....

Speedy

 

Moonlite BBQ in Owensboro, Kentucky.

Everyone needs to eat there at least once before (s)he dies.

 

Looks like i need to study my change more often....I tend to only look for the old ones. But I dont know if I could search 150#s of them...ouch......

 

What he should do if he has the time and patience is try and assemble some unc. rolls since there will be alot of older ones as the accumulation started in 1990. Could be used to make some great lincoln date sets with out having to mess with OBWs or destroy and ruin mint sets.

 

My dad has been putting shiny pennies (red to red/brown) canadian and ameircan alike in a glass jar for the past several years because they'd look pretty in a jar. One day I went through the pennies to look for rare dates and examples of the type series for my collection and had fantastic finds. Found a couple of red cent that were from 1960s even!

I suggest separate your pennies by year and mint mark in stack. Spend a couple dollars for those paper rolls just to store your pennies temporary until you get time to examine them. Go through the rolls year by year and mint by mint. Look for errors (off-centre, mistrucks) and as well as keeping the best samples (red cent with little to no marks) and rare dates. I'd suggest keeping any other red cent in a roll instead of keeping them in a jar.

The rest, you can just spend them or deposit them at your bank.

 

I sure hope you wore gloves or small bags over your hands because even handling them by the edges can do a number to an uncirculated coin.

 

150 lbs. of pennies

a question for members, what book or books do i need to check my 150 lbs. of pennies..is there a single book that will cover 1909 to 2005 pennies...i,ve a lot of coin books, but most are 1980 and before...

 

Usually just the RedBook (2006 Edition) will serve your purposes most effectively, unless you do also want to search for all the different varieties and errors out there, in which case you should also pick up the Cherrypickers Guide to errors and varieties.