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FDP Forum / Moe's Tavern (_8^(I) / Old "wheat pennies" gone.

BbendFender
Contributing Member
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American Patriot

About as ordinary as you can get.
Nov 6th, 2017 06:53 PM   Edit   Profile   Print Topic   Search Topic

For years I collected every old wheat penny I came across. I did no research and this was long before the internet. I had a bunch of them in a big gallon glass jar. Looking back, I think some may have been valuable.
Well, I got married and one day my wife took the jar of old pennies to the bank and I assume they counted them and deposited them. She thought she was doing me a favor. When she told me I was just Sick! I haven't let her forget this but life goes on.
I will never know but I always had a feeling some of those old wheat pennies had some significant value.

Pinetree
Moderator Emeritus
(with many stars)

NW Pennsylvania

Nov 6th, 2017 07:02 PM   Edit   Profile   Print Topic   Search Topic

I would start divorce proceedings.




BbendFender
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American Patriot

About as ordinary as you can get.
Nov 6th, 2017 07:20 PM   Edit   Profile   Print Topic   Search Topic

This took place over 20 years ago.

Modbus

USA

Nov 6th, 2017 07:21 PM   Edit   Profile   Print Topic   Search Topic

There were probably at least 10 1909 S V.D.B. cents in jug, if not more.

Think Floyd
Contributing Member
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Eastern PA

Nov 7th, 2017 06:18 AM   Edit   Profile   Print Topic   Search Topic

As a kid I had a simple coin collection in some cardboard folders. I had a 1909 something penny (maybe just the DVB or just the S?), but it wasn't the very rare one.

A "friend" stole my collection; probably to buy candy. Nowadays, I keep every wheat penny I find.

buster strings
Contributing Member
****

Kentucky

Rafe Hollister is a friend of mine
Nov 7th, 2017 07:33 AM   Edit   Profile   Print Topic   Search Topic

My ex-wife, before I married her, had a huge jar of miscellaneous change that probably amounted to $40 or $50. While moving in with me shortly before our wedding in the late 1980s, she pitched the whole jar in the dumpster at her apartment complex because she didn't want to be bothered with counting and rolling it.
This was at a time when we really could have used that money.
I recall how crazy and irresponsible I thought that was at the time. That should have raised some red flags about what I was getting myself into. But it didn't. Until later.

pombrio

USA

Nov 7th, 2017 09:05 AM   Edit   Profile   Print Topic   Search Topic

I have about $50 of wheat pennies at home. All rolled. It was something my great aunt started and she gave me most of them when I was a kid. I should start going through them looking for the unicorns.

hushnel
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North Florida

A Friend of Bill W.
Nov 7th, 2017 09:13 AM   Edit   Profile   Print Topic   Search Topic

Back in the early 70s I was a Good Humor Icecream man during the summer break. Every once in a while some kid would try to cash in his Dad’s collection of US coins. As gently as I could I would tell them that Dad was going to find out, that they would be better off putting them back, since I wasn’t going to take them. Which might have been illegal being US currency and all “o)

Guitar Fool
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Sunshine State

Just a pawn in someone else's game
Nov 7th, 2017 09:14 AM   Edit   Profile   Print Topic   Search Topic

you want wheats?

i got a roll of these...but no Double Die's...;-(

(This message was last edited by Guitar Fool at 11:16 AM, Nov 7th, 2017)

SS2

Alexandria, Virginia

Nov 7th, 2017 09:32 AM   Edit   Profile   Print Topic   Search Topic

Wheat pennies haven't been made in 61 years. Copper and their 'melt' value is worth more than their face value... +75% (?).

About 7 key dates/mint mark for wheat pennies, with some others having a bit of collector value.

The chances of finding or having found a valuable one in circulation is slim, though occasionally some kid will get into an elders coin collection and use them for buying whatever... got an 1858 dime in change a few years ago.


Jake
Contributing Member
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West Chester PA

Wait, what?
Nov 7th, 2017 10:00 AM   Edit   Profile   Print Topic   Search Topic

"I collected every old wheat penny I came across."

Me too. Likely a "proxy" for the chances it has of being valuable.

Maybe the melt value on a copper penny is a bit over two cents?

Modbus

USA

Nov 7th, 2017 10:11 AM   Edit   Profile   Print Topic   Search Topic

There are really only a few key dates for wheat pennies, baring the occasional ultra-rare error coins.

I check them, and unless they are from the 1930s or earlier, or in really, really good shape, I don't bother with them. They're really not worth a premium over their melt value.

I, of course, always keep any silver I happened to find, though.

EDIT: I should have just said "Ditto to SS2"


(This message was last edited by Modbus at 12:14 PM, Nov 7th, 2017)

Jake
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West Chester PA

Wait, what?
Nov 7th, 2017 11:03 AM   Edit   Profile   Print Topic   Search Topic

I hadn't found any silver in years, then in back to back weeks I found a quarter then a dime.

Modbus

USA

Nov 7th, 2017 11:15 AM   Edit   Profile   Print Topic   Search Topic

Silver coins make a nice, pleasing "clink" when they hit other coins in your hand, as opposed to the dull "clunk" that the copper-nickel sandwich coins make.

Thommie
Contributing Member
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Dallas, Texas

Patron Saint of Mediocre Bass Players
Nov 8th, 2017 10:19 PM   Edit   Profile   Print Topic   Search Topic

Ditto SS2 and Modbus.

I started collecting coins back in 1994. I would bring my kids to the coin store with me and, for fun, we would buy rolls of wheat pennies for them to go through.

A roll of 50 cost $1.50.

I can't remember how many rolls we bought over the years, but we DID find one penny in all of those that was worth $2.00.

I can feel your pain, but the amount of your loss probably won't affect your retirement plans. Heck, you might even consider letting her forget it.


Elmo66
Contributing Member
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Midwest USA

Nov 9th, 2017 09:46 AM   Edit   Profile   Print Topic   Search Topic

I took a few hundred wheat pennies and made this for our living room:

Abe O'Wheat

Taildragger
Contributing Member
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USA

"toxic masculinity personified"
Nov 9th, 2017 12:42 PM   Edit   Profile   Print Topic   Search Topic

I hear they're thinking about converting to a wheat-based U.S. currency.

To heck with gold: nothing holds value in hard times like whole grains...

Guitar Fool
Contributing Member
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Sunshine State

Just a pawn in someone else's game
Nov 10th, 2017 07:49 AM   Edit   Profile   Print Topic   Search Topic

Elmo...that is well done sir!

Jake
Contributing Member
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West Chester PA

Wait, what?
Nov 10th, 2017 08:04 AM   Edit   Profile   Print Topic   Search Topic

Wheat itself has been used as currency.

In the early history of the US, nails were a form of currency. As people moved west they often burned down the old house so as to retrieve the nails.

FDP Forum / Moe's Tavern (_8^(I) / Old "wheat pennies" gone.




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