Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Are Wheat Pennies the best way to start? (Also hi, I am a YN!)
>
Reply to Thread
Message:
<p>[QUOTE="softmentor, post: 2172996, member: 10469"]Hi and welcome to Cointalk and to the fun world of coin collecting. I started at about the same age you did, I was 10. Now, 50 years later I still love getting a roll of pennies from the bank and looking through them to see what waits inside. </p><p>I like the wheats too! If you have an album you will find that the last few dates will be hard to find. That is when you want to start doing some trading. My first ever trade was 5 rolls of wheats for one 1958 Flying Eagle. The Flying Eagle is still my favorite coin, and I still love wheats.</p><p>I also still get rolls of pennies at the bank, and look through them. I usually find about one wheat for every 3 rolls I go through (on average). I find it amazing that you can still find a penny that is 70, 80, even 100 years old in circulation. </p><p>ok you asked if you should keep doing wheats. Yes but... it will be harder and harder to find the ones you don't have from looking in rolls that you buy. Even though they say "unsearched", you can be sure that someone somewhere in time did search them. Maybe not the person selling them, but someone did. So at some point you will need probably need to start a different collection or find a way to get the ones you don't have.</p><p>Most of my collection has come from looking through rolls you can get at the bank; pennies, nickles dimes and so on. I look for coins that are worth more than face value, then I either sell them or trade them to buy or trade for the ones that I can't find. A really great book for knowing what to look for is the "Cherrypickers Guide to Rare Die Varieties of US Coins" the first one, (volume 1) is about pennies and nickles. You can also look for some suggestions on this site. </p><p>So, lets say you search a BUNCH of rolls, like 100 rolls. most you will roll back up and take back to a bank. in that many rolls, you might find 30 wheat pennies, one you might need for your album, another might be a little better grade and upgrade your album, then you would have 29 left. You could trade for one you don't have or sell and save for that really hard to get one. In those same rolls you will also find some other little good finds, and soon you will be trading for all kinds of ones you like, and all starting with a penny you got for face value.</p><p>I kind of like the idea of doing the more modern pennies too. You can fill an entire album from rolls you get a face value. Maybe you can buy some rolls at the bank and search through them. You can fill an album pretty quickly. Jefferson nickles are easy too. Another fun thing to do is make a "type set" where you have one coin of each type, so a wheat, memorial, all four 2009's, and a shield. Then a buffalo, Monticello, the 4 "westward journey" and the new Jefferson nickles. It may take a little looking but you can find all of those in circulation.</p><p>Oh also you asked if coin prices have gone up much since 2011. well, a little, but not much. Coin prices usually go up pretty slowly. The biggest value is when you find one in circulation that is worth more, like a wheat in your pocket change and it turns out to be worth 5, 10, 25 cents or even more. Now that's a nice gain.</p><p>Well, any way, that is one way to do it. The most important thing is to do what interests you. There are LOTS of choices. Follow your own interest.[/QUOTE]</p><p><br /></p>
[QUOTE="softmentor, post: 2172996, member: 10469"]Hi and welcome to Cointalk and to the fun world of coin collecting. I started at about the same age you did, I was 10. Now, 50 years later I still love getting a roll of pennies from the bank and looking through them to see what waits inside. I like the wheats too! If you have an album you will find that the last few dates will be hard to find. That is when you want to start doing some trading. My first ever trade was 5 rolls of wheats for one 1958 Flying Eagle. The Flying Eagle is still my favorite coin, and I still love wheats. I also still get rolls of pennies at the bank, and look through them. I usually find about one wheat for every 3 rolls I go through (on average). I find it amazing that you can still find a penny that is 70, 80, even 100 years old in circulation. ok you asked if you should keep doing wheats. Yes but... it will be harder and harder to find the ones you don't have from looking in rolls that you buy. Even though they say "unsearched", you can be sure that someone somewhere in time did search them. Maybe not the person selling them, but someone did. So at some point you will need probably need to start a different collection or find a way to get the ones you don't have. Most of my collection has come from looking through rolls you can get at the bank; pennies, nickles dimes and so on. I look for coins that are worth more than face value, then I either sell them or trade them to buy or trade for the ones that I can't find. A really great book for knowing what to look for is the "Cherrypickers Guide to Rare Die Varieties of US Coins" the first one, (volume 1) is about pennies and nickles. You can also look for some suggestions on this site. So, lets say you search a BUNCH of rolls, like 100 rolls. most you will roll back up and take back to a bank. in that many rolls, you might find 30 wheat pennies, one you might need for your album, another might be a little better grade and upgrade your album, then you would have 29 left. You could trade for one you don't have or sell and save for that really hard to get one. In those same rolls you will also find some other little good finds, and soon you will be trading for all kinds of ones you like, and all starting with a penny you got for face value. I kind of like the idea of doing the more modern pennies too. You can fill an entire album from rolls you get a face value. Maybe you can buy some rolls at the bank and search through them. You can fill an album pretty quickly. Jefferson nickles are easy too. Another fun thing to do is make a "type set" where you have one coin of each type, so a wheat, memorial, all four 2009's, and a shield. Then a buffalo, Monticello, the 4 "westward journey" and the new Jefferson nickles. It may take a little looking but you can find all of those in circulation. Oh also you asked if coin prices have gone up much since 2011. well, a little, but not much. Coin prices usually go up pretty slowly. The biggest value is when you find one in circulation that is worth more, like a wheat in your pocket change and it turns out to be worth 5, 10, 25 cents or even more. Now that's a nice gain. Well, any way, that is one way to do it. The most important thing is to do what interests you. There are LOTS of choices. Follow your own interest.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Are Wheat Pennies the best way to start? (Also hi, I am a YN!)
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...