Wheat Pennies

Discussion in 'What's it Worth' started by Dreamin_Sqaw, Jan 17, 2021.

  1. Dreamin_Sqaw

    Dreamin_Sqaw New Member

    I have a decent sized collection.

    Is there any one ( or more ) that would be a valuable find?
    I do not have the 1922 no mint penny but a lot of coins starting from 1911 going through 1958.
    A few are S mints as well.
    Of course i am looking forward to one day sell these coins so any info on that would be extremely helpful as well.
    Any coin book title that you trust for accurate info and value?
    Anywhere on the net to search for information?
    But please do not tell me to check Esty site... Every coin on there is priced to the extreme and they look worse than any of my coins.
    So many scams its hard to feel comfortable with info found on the net.
    Thanks so much
     
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  3. The Eidolon

    The Eidolon Well-Known Member

    Coin books like the red book are good for relative prices, and knowing which dates and mint marks are scarcer. Even a used copy a few years old can be a good starting point For lower value coins, there can be a big difference between a dealer's buy price and sale price. It's just not worth the time and and effort to sell common dates individually in circulated condition.

    Have you tried the NGC coin guide for price comparisons?
     
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  4. SensibleSal66

    SensibleSal66 Casual Collector / error expert "in Training "

    I recommend getting use to figuring out grading for yourself . Here's a good Intermediate level grading book full colored !
    IMG_20201226_231009250_HDR.jpg
     
  5. JeffC

    JeffC Never buying coin tubes with pull-off caps again. Supporter

    Believe it or not, one of the best places to get a feel for market values is eBay. If you know the approximate grades of your coins, you can, for example, enter, "1937 cent (or penny), XF" and then filter for "SOLD" items. That would give you some indication of recent transactions. If you're not sure about the grade of your coins, then just enter the year and mint, and see the SOLD items. Then compare the photos with yours to see which comes closest.
     
  6. Inspector43

    Inspector43 72 Year Collector Supporter

    You are correct, ETSY is not the place to look. eBay is more realistic as far as value goes. And, a good measure of interest. Good Luck and Welcome to CT.
     
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  7. Robert Ransom

    Robert Ransom Well-Known Member

    I recommend grading your own coins because it accomplishes at least two factors for the newbie. First: You get a sense of what constitutes grade differences and second; It allows you to set aside coins (for later study) which may exhibit errors or variations.
     
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  8. JeffC

    JeffC Never buying coin tubes with pull-off caps again. Supporter

    Littleton has a nice beginner's guide to the Lincoln Cents. It's VERY rudimentary and thus is not a replacement for the other professional publications mentioned in earlier posts. But it covers the basics for beginners like us and talks about what to look for, famous varieties and errors, the types of 1982 cents, 1960 small and large dates, etc. If you call them up, they might send it to you. They were nice enough to do that for me. It's a nice booklet for beginners to start with.

    20210117_221420.jpg
     
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  9. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    I will double down on the Redbook. I been collecting for fifty years and still refer to my Redbook daily.
     
  10. Treashunt

    Treashunt The Other Frank

    The greatest reference there is.

    No one should be without it.
     
  11. Phil's Coins

    Phil's Coins Well-Known Member

    If you seriously collect Lincoln Cents, beginner or someone that really wants to know the coin you are holding I suggest STRONGLY "The Authoritative Reference of Lincoln Cents" 2nd Edition by John Wexler and Kevin Flynn. If it is a Lincoln Cent this is the reference.
    Semper Fi
    Stay Safe
    Phil
     
  12. Mr.Q

    Mr.Q Well-Known Member

    The Red Book for sure, the Blue Book for dealer prices, and eBay are pretty good choices overall in my opinion. Good luck
     
  13. kanga

    kanga 65 Year Collector Supporter

    The problem with the Red Book is that by the time it gets printed the values are at least a year old.
    Like others have said, go to eBay and search the Sold coins.
    Can't get more up-to-date than that.
     
  14. manny9655

    manny9655 Well-Known Member

    Keep in mind that the Red Book, Blue Book, and other references mentioned here are GUIDES and not price lists.
     
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  15. 1stSgt22

    1stSgt22 Active Member

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  16. Spark1951

    Spark1951 Accomplishment, not Activity Supporter

    A Yeoman Red Book allows you to do several things with your wheat collection. It will help you learn how to grade wheats, it has a grading guide at the beginning of the wheat section. It has mintage information for all wheats. But, 2nd most importantly for your wheat collection, and what will answer your question best...you can look at the values listed and tell which dates are more valuable. Yes, 1922 no mint mark. Yes, 1914D...and so on for all the dates you have.

    During this process, the most important thing that happens is you learn. You are then able to do things for yourself.

    ...jmho...Spark
     
  17. Carl Zukroff

    Carl Zukroff New Member

    I have the usual childhood collections of hundreds of pennies and nickels going back to 1909. I've sold the Indian head nickels and the most sought-after Jefferson nickels (1942-1945 large format mint mark) to a local shop but the guy does not want to see my pennies and other nickels. Are there wholesalers out there? My two grandkids are not interested in inheriting them. Some are in fair-to-good condition, the majority in average or poor (but date readable) condition. Any suggestions? I'm in Boston with little patience for investigating the value of every penny. Thanks!
     
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  18. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Hi Carl..... I have helped several friends liquidate large quantities of old wheat cents that like yourself, didn't care to sort them. You can generally sell them in bulk from .03 to .05 cents each. If your dealer doesn't want them, I am sure they would get snatched up quickly on Ebay.
     
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  19. Inspector43

    Inspector43 72 Year Collector Supporter

    @Carl Zukroff Another outlet may be to give them to a Scout troop or similar organization.
     
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  20. Dreamin_Sqaw

    Dreamin_Sqaw New Member

     
  21. Dreamin_Sqaw

    Dreamin_Sqaw New Member

    Thank you so much. Im searching for books now .
     
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