Wheat penny hunting

fair enough, wheats are my favorite to collect

 

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Agreed.
In case you were mistaken, I took $200 FV worth of copper cents back to the bank. Not wheats.

 

Ya I got that, do you find many wheats in bank boxes that are pre1933?

 

Not a ton. Out of the 92 wheats I pulled this weekend, 6 were pre-33.

 

How many pennies did you go through

 

8 boxes(20,000)/$200

 

What bank do you use?

 

A local credit union. They are really cool about ordering whatever I want minus halves since they have trouble getting them from their delivery company.

 

What do you generally search through?

 

I pick up $200 in nickels and $200 in cents on Thursdays. I dump most of that on Saturday and usually pick up $100 in quarters, $200 dollars, and sometimes dimes.
Lather, rinse, repeat.

 

why dollars?

 

Just trying to fill a Sac and Prez book from circulation. Trying to have a complete set of circulating coins from 1965-present. I'm pretty close. I'm also working on a Buffalo, Jefferson, and obviously a Lincoln set.

 

Which Lincoln set?

 

1909-present

 

How is it coming along?

 

Just missing keys and semi-key wheats. Trying to do it all from just roll searching so it will probably never get finished.

 

How long have you been collecting?

 

Copper is about 3 cents per copper penny. A true problem for those of us who collected copper and nickel coins since the 1960s (50s in the case of my former wife) is that in 2005 the US Congress (without much warning) suddenly passed a law prohibiting the melting down of our copper and nickel coins. Suddenly 140 something pounds of Jefferson nickels in my basement plummeted in value. Likewise the half ton of copper pennies. However, nothing prohibited Ebay sales of the coins that can't be melted inside the US. Likewise, while the post 1958, pre-1982, pennies may only be worth 3 cents as copper, many of the older wheat pennies are worth much more to collectors. In bulk you should be getting 0.11 per penny for the Wheats and worn out IHCs.

 

I stopped doing pennies to go into searching for silver. Pennies aren't really worth my time anymore because it takes a lot of your time to roll even one box back up.

 

It's nice having a bank with a coin counter. If I had to re-roll I wouldn't bother with them either.