1972 Penny (lots of 'em)

Discussion in 'US Coins Forum' started by jeff_75, Aug 11, 2007.

  1. jeff_75

    jeff_75 Member

    Awhile back, I posted the following:

    "2) A relative of mine (now deceased, and perfectly sane, by all accounts) went out sometime around 1976 and bought several hundred dollars worth of 1972 pennies. Not uncirculated or mint issued; he just asked the bank to roll up as many 1972 pennies as they could find and he bought them. No one seems to remember why. They remain rolled and untouched in several boxes ever since. Any ideas?"

    Now that I've done some reading and understand a little more about collecting, I decided to crack open a $50.00 box of these pennies. Out of the 100 rolls, maybe about 5 of them were not 1972 pennies. They contained various dates from 1941-1973. Those are all circulated. The reaminder, however, appear to be mostly uncirculated 1972s. I searched through about 10 rolls to confirm this (and to see if there might be any double dies laying around).

    So now here's my question. Would you leave the remaining uncirculated 1972s rolled as purchased, or would you go through them all? I would say most of them appear between about AU58 and MS64.
     
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  3. LSM

    LSM Collector

    I would go thru the rolles and check for the doubled die variety. If you could find just one of the 1972 doubled die in MS condition it would be worth your time.

    Lou
     
  4. grizz

    grizz numismatist



    i agree!
     
  5. NOS

    NOS Former Coin Hoarder

    I would keep them intact and preserved for future generations to enjoy. I would not go through them looking for some silly error getting my fingerprints all over them. Part of the fun for me in keeping old rolls like that intact and unsearched is not knowing what is in there.
     
  6. bqcoins

    bqcoins Olympic Figure Skating Scoring System Expert

    I'd go through them, keep the ms ones roll em up, look for errors, spend the rest back into circ
     
  7. LSM

    LSM Collector


    I wish I had that silly error for my collection. :D

    Lou
     
  8. Twiggs

    Twiggs Coin Collector

    I agree with bqcoins
     
  9. andy21us

    andy21us Coin Hoarder

    Do you have a cent collection? If you do then go through them.The odds of finding a D/D is slim but you never know what you will find. If you don't have one (a cent collection) then hold off opening them and give them to your kids if you have any.
     
  10. Brad1975

    Brad1975 Member

    If you sell them on Ebay I bet people will pay at least $10 a roll if they think that there is a possiblity of finding one of the double die varieties. If you earn $7 a peace for 100 rolls, that is $700 which is how much a 1972 Doubled die is worth. However, selling them a roll at a time will take a lot of time and effort. Maybe try selling ten rolls on Ebay at once and see what you get for them.

    I personally would look through them all. If you do look through them all, be aware that there are 8-10 different doubled dies known for that year.

    Good Luck,
    Brad

    www.lincolncentresource.com
     
  11. jeff_75

    jeff_75 Member

    Can anyone suggest a good internet resource for the various 1972 double die errors, if I decide to continue roll searching?
     
  12. LSM

    LSM Collector

  13. Philly Dog

    Philly Dog Coin Collector

    or keep them all because they are pre 1982 copper
     
  14. coinfisher91

    coinfisher91 Member


    i dont think people on ebay will pay $7 per roll for them unless they are origional bank rolls cause how do they know that they havnt been searched? if i were you i would get a red book and find the picture of the d/d and open the bags and search through them, the ones that are uncirculated and red you can roll them up again and sell them, they bid for 1.05 a roll in greysheet so you should expect to get at least 65-75 cents per roll. and then of course the brown or circulated ones you can just spend.

    -Casey T.
     
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