Any Coin Collectors Here?

Discussion in 'Hobbies & Crafts' started by Von Jones, May 22, 2016.

  1. Von Jones

    Von Jones Very Well-Known Member
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    I don't know anything about coin collecting but I read somewhere that copper pennies dated 1976 and before may be worth something. I've been checking any pennies that I get and putting them back. I haven't done much research on the subject but just thought I would ask.
     
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  2. Frank Sanoica

    Frank Sanoica Very Well-Known Member
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    @Von Jones Until 1964, U.S. dimes, quarters, and half-dollars contained 90% pure silver. After that, the silver was deleted. Such coins today, all notably inscribed with their "face value", i.e., 10 cents, 25 cents, etc., are today worth many times "face value", due to the current silver value.

    Same thing with copper pennies. After mid-1982, all pennies minted contained almost no copper. Since then, as copper value increased, the weight of copper in pre-'82 pennies has exceeded ONE CENT. So, early pennies are worth more than one-cent. But ya can't realize much profit from hoarding pennies.

    The REAL dough to be made was in Twenty Dollar Gold Pieces, hoarded after FDR devalued the Dollar by 75%. EACH $20 Gold Piece obtained in the 1930s for twenty dollars each, (aside from rare collector issues), command today prices ranging from several THOUSAND dollars and up!
     
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  3. Von Jones

    Von Jones Very Well-Known Member
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    @Frank Sanoica thank you for the info. I only have about $2 in pennies dated before 1974 so it's not a big deal.
     
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  4. K E Gordon

    K E Gordon Very Well-Known Member
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    I used to collect wheat pennies, and I had a fairly large collection at one time. This was years ago. However, I think I used them when I was hard up for cash or something. i haven't tried collecting them since that time. I think there are not a lot of them in circulation any more, because I think a lot of them were collected. I don't even look for them now. When I was a kid we collected Buffalo nickles and Indian Head pennies, but we didn't find many that were in really good shape.
     
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  5. Cody Fousnaugh

    Cody Fousnaugh Very Well-Known Member
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    My wife collects quarters. She has all the State quarters among others.
     
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  6. Krissttina Isobe

    Krissttina Isobe Very Well-Known Member
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    We had a little family run grocery store and my Mom kept most of the silver that came into the store. We've been retired since the early 80's and there have been coin shows when the buyers were looking for silver coins. We sold the coins all circulated at the shows and we were quite happy with what we made when we sold our coins and it came in handy for cash sales, but lugging them around till they become worth something was a bit hard as we got older. We weren't collectors, just wanted liquid assets handy.
     
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  7. Babs Hunt

    Babs Hunt Veteran Member
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    In a way we are coin collectors... We save all our quarters so we can "play" with them we we go to places that take quarters. :)
     
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  8. Rachel Rodarte

    Rachel Rodarte Active Member
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    Hey Von Jones,
    I have a coffee container full of pennies, I going to check it out. do you happen to have the website where it mentions this? I could be a millionaire :rolleyes:. Every time we have spare change I separate the pennies, I have been wanting to check them but get lazy. lol
     
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    Last edited: Jul 28, 2016
  9. Von Jones

    Von Jones Very Well-Known Member
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    I believe I saw a video on YouTube not an article as I mentioned in the OP.. I just found the video titled 'My Copper Penny Retirement.'
     
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  10. Rachel Rodarte

    Rachel Rodarte Active Member
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    I'll check that out, thank you Von Jones
     
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  11. Rachel Rodarte

    Rachel Rodarte Active Member
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    I just found 1953 penny with what looks like feathers in back
     
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  12. Rachel Rodarte

    Rachel Rodarte Active Member
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    here's the penny, I just found one for 1955, by any chance has anyone seen a penny with who I think is Lincoln in front of the white house "E PLURIBUS UNUM"

    [​IMG]


    [​IMG]
     
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    Last edited: Jul 28, 2016
  13. Von Jones

    Von Jones Very Well-Known Member
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    That's what is a 'wheat' copper penny. Yes, that is President Lincoln. I believe the symbol beneath the year may have some significance but I'm not sure what.

    I'm signing off for the evening. Have a good night all.
     
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  14. Frank Sanoica

    Frank Sanoica Very Well-Known Member
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    The symbol beneath the year on all coins U.S. denotes the United States Mint location which produced the coin. None means an imagined "P", Philadelphia Mint. S= San Francisco, D= Denver, CC= Carson City (NV), long closed. The CC Mint building is an old solid granite block building which became the State Historical Museum.
    Frank
     
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  15. Corie Henson

    Corie Henson Very Well-Known Member
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    My husband is a hobbyist coin collector. His first collections are Philippine coins dated 1901 or 1902 under the American design of the big eagle. He has several peso coins and small denominations too. And he also have foreign coins. But his treasure is the Roman coin dated 800 AD which was given to him by a friend in London. His collection is for fun only and he always say that our grandchildren would be the ones to benefit from his collections.
     
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