Message:

<p>[QUOTE=&quot;Doug21, post: 1639902, member: 5650&quot;]bulk wheats are mainly 1940&#039;s and 50&#039;s vintage.</p><p><br /></p><p>mintage figures...</p><p><br /></p><p><a href="http://en.wikipedia.org/wiki/Lincoln_cent_mintage_figures" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/Lincoln_cent_mintage_figures" rel="nofollow">http://en.wikipedia.org/wiki/Lincoln_cent_mintage_figures</a></p><p><br /></p><p>an everage of at least a billion a year since 1940. Copper pennies can take circulation pretty well and these 1950&#039;s coins were certainly getting removed from circulation by the 1970&#039;s.</p><p><br /></p><p>I&#039;ve seen plenty of worn down ( AG) wheaties from the teens, but I don&#039;t think I&#039;ve ever seen a post 1940 that would grade below VG. The hoards are mainly these later dates.</p><p><br /></p><p>Let&#039;s say 20 billion were minted from 1940-58. None really wore out or were melted. I&#039;m sure some got lost and tossed. </p><p><br /></p><p>I think 6 billion&nbsp; or more could easily still exist.</p><p><br /></p><p>Buying these now for &quot;investment&quot; is about as smart as saving circulated bicentennial coins around 1980, or $2 bills, Kennedy halves, Ike dollars, etc.</p><p><br /></p><p>The only way this works out is if copper skyrockets , then the coins will have a melt value that works, but even if they became worth 50 cents each for the metal ( in 30 years), that would likely mean a period of extreme inflation thus negating the huge increase in value, and 1959-81 cents would be just as valuable. By that time you would be able to melt them.</p><p><br /></p><p>You&#039;d be much better off just hoarding nickels.[/QUOTE]</p><p><br /></p>

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