NE Penny Indiana Hoard..~ 1.5 Mill now (Coppers Gone)

Forum for discussing any topic related to investing in, collecting and saving US, Canadian, UK, and other Copper Bullion Pennies for their metal content.

NE Penny Indiana Hoard..~ 1.5 Mill now (Coppers Gone)

Postby EthanA » Sat Dec 13, 2014 5:40 pm

I have a friend who has collected these for years and is trying to find the right buyer. By that I mean one who is motivated in acquiring some or all of this collection. I am not selling these, I am just helping or at least trying to help a friend.

I told him I would try and help him to get in contact with folks and I figured that coin forums would be a good start. This site was recommended by someone on one of those coin forums.

These are located in the Northern Indiana.

***************************************************************************************************************************
Ok I just got back from talking with him, Monday the 22nd

Now for some history, he has been collecting for over 40+ years. I did not want to release too much information because his health is not the best. He just got out of the hospital on Sunday so that is why I have not posted any updates. Yes Arizona did make an offer and yes it was fair. I am the one that was hoping he could get better and I am sure Dave can understand that. This is 40 years of searching and collecting. About 8-10 years ago this gentlemen opened a coin store. These pennies for the most part were part of his collection before that. So yes he has other stock of which I am not that familiar with, I know he has proof sets, unc sets, and I guess some of a bit of everything. He has been too sick to even contact Dave and fill him in on more of the details. So this should answer the question of why this can not be parted out. Dave even offered to come get them. Me not being a penny collector, but somewhat numismatics minded knew the offer was on the low end but I can not really blame Dave for what he did offer. If the owner gets to feeling better I am sure he will contact Dave soon.

I explained what I have done and he is ok with it. He did have one caveat about the BU Rolls of Memorials and Wheats. He told me there are very few in Bank wrapped rolls, the majority are in tubes. He cautions me that although they were unc's when they went into the rolls, there is no guarantee they still are. This I guess I can understand to some degree and the owners caution to me was, "what if three in the roll are now compromised". I can see his point and he does not have the time to go through each and every roll. I am going to try and help him but time is an issue so I am not sure how this will work out.

I do however know this, he is open to have serious buyers come take a look. Scheduling that will be the tricky part but it is doable.

So I asked him about things such as the 1909S VDB. He said he has a few but would not sell them like this as that is just to risky. He would not have a problem finding a buyer. Some of the other rarer pennies, the S mint he does not have full rolls but he does have some. So, what the numismatic mind would think is if a penny collector knew exactly what was there they would want some or most of it. I can not speak for the potential buyers, but I told him there are a few on here that are definitely worth talking to.

The coppers, he just wants me to take to the bank. I said that there are buyers on this board that would just buy those and more than face. This is something that I will leave to the owner and buyers to discuss.

So, I am going through the PM's and my emails and will forward his contact information as I said I would.....

This is a situation I would not want to be in but he understands that the buyer will want to make money so that is fully understandable to him. However, since Dave made him a fair offer and will pick them up, he is leading this for now. I can understand fully. I would just hope that a penny collector would want to jump at this, just for the varieties that by the numbers should be in this hoard.

PM's Inbound.....



***************************************************************************************************************************


They're are a little under 3,000 Indian Heads, over 800,000 Wheats, and over 300,000 coppers (rolled) from 59 on up....these numbers are not exact but are close. I think it is near 14,000 lbs or there abouts.

*** For the copper only buffs, he has about 640,000 coppers from 1959-1982 in 5 gallon buckets! ***** UPDATED LIST AT BOTTOM!!

This issue is these are not just 'pennies'. Most of these have numismatic value. I mean there are BU rolls etc etc, plus older pennies ...You can get an idea with these pictures. Better Pictures now. I am not the seller, I am just trying to get the owner in contact with a serious buyer, if that is possible. The coin forums answers are mixed but taking them to the bank is not really feasible and selling in small lots is not either. This is not a common hoard of pennies. This man spent many a night going through bags and bags of pennies to build this collection.

For those that are wondering, he is not a variety hunter. He did look for 55 DDO's but not 72, so that gives you an idea. I asked him about AM's and he looked at me funny. I asked about 69s, and although he knew about the recent find, he laughed about the time spent looking for those. So I can honestly tell the numismatists here, he did not really go through these. However, he did know what a cud was so that is probably out as is off centers etc. Oh well, by the odds, there is something to be found here, but you better have plenty of time on your hands. I look at halves and get tired after a box, this would be just plain daunting for me anyway.

So lets post the better pictures. Sorry about the last ones but that was my fault.


Image

Image

Image

Image

Image

Image

Image



Here is some of the moderns. I think these are bank boxes??

Image



So, that deals with the shelves. And yes, he said if the buyer was serious the shelves would be included. However the barbie dolls would carry a .25 cents surcharge. he actually got a kick out of what I told him. He asked why would you take a picture of that? What could I say?


So I was asked about condition. Time was short so I opened some rolls. I figured I wanted to know so I started with the 1909 VDB in 'Average Circulated'......
.

Roll # 1
Image

Roll # 2
Image


Kind of what I expected. Still I do not have one in my collection and to see a roll of them was neat.


So , if I was a buyer I wanted to see what the F+ rolls looked like..

Image

Roll # 1

Image

Roll # 2

Image


My reaction was there are no AU's in there but I did see red, not much but some. I would say the average grade was F-VF with the occasional EF. That was two of the seven rolls.

Time was getting short, I had been working all day and needed to get home so I grabbed a 1937s roll to look at.

Image

Nothing special that I saw....just wheats, some red color but not that special.



So I know I have answered some of the questions and will answer more if needed. When I got home I noticed something. One of the pictures was not pennies.


Image

Not sure what to think of State Quarters in bank boxes. This is a penny collection for sale.



So that brings me to what most here are thinking about, not the numismatics but the copper. Well here is that bulk load. He says that needs to go to the bank. I said why? It can be part of the "xxxx" great penny hoard. He looked at me and I said that is what it will be called. His name. I am not sure what to think of how he looked at me. I honestly can not say if he was happy or pissed.


Image



So back to the list, again for the sale to go, the numismatics have to be considered. he has an offer from a dealer, whom will make money if he can buy it at that, but I think there is a better shot out there. The dealer knows he can make money on it, and quite frankly he would at what he offered.


Here is a list of the wheats - this is where the monies are at....




Here is a list for the wheaties...

YEAR ****** A/C ******* F+
09-VDB ** 2 rolls ********** 7 rolls
9 32 10
09-S
10 71 13
10-S
11 52 11
11-D 1
11-S
12 33 2
12-D 1
12-S
13 27 2
13-D 4
13-S
14 43 2
14-D
14-S
15 9 1
15-D 9 1
1915-S
16 75 5
16-D 20 1
16-S 2 2
17 134 8
17-D 39 2
17-S 9 2
18 164 9
18-D 28 2
18-S 9 2
19 251 23
19-D 33 2
19-S 116 12
20 272 21
20-D 28 2
20-S 23 2
21 23 4
21-S 6 1
22-D 1
23 49 6
23-S 1
24 57 12
24-D
24-S 2
25 104 17
25-D 12 2
25-S 15 2
26 161 23
26-D 16 2
26-S
27 131 22
27-D 2 4
27-S 1 1
28 153 27
28-D 24 8
28-S 12 5
29 215 35
29-D 36 12
29-S 39 6
30 232 37
30-D 41 19
30-S 20 5
31 28 8
31-D 1 1
31-S
32 3 2
32-D 4 5
33 9 3
33-D 1 2
34 258 70
34-D 18 11
34-S
35 336 117
35-D 55 11
35.S 33 6
36 494 113
36-D 38 15
36-S 16 9
37 431 86
37-D 59 33
37-S 28 18
38 174 93
38-D 7 9
38-S 6 5
39 400 228
39-D 2 12
39-S 49 38
40 165
40-D 137
40-S 178
41 311
41-D 196
41-S 142
42 125
42-D 250
42-S 98
43 391
43-D 54
43-S 37
44 39
44-D 525
44-S 290
45 50
45-D 224
45-S 171
46 132
46-D 376
46-S 187
47 25
47-D 303
47-S 200
48 353
48-D 146
48-S 154
49 257
49-D 218
49-S 94
50 377
50-D 532
50-S 182
51 290
51-D 254
51-S 146
52 158
52.D 448
52-S 145
53 269
53-D 64
53-S 243
54 164
54-D 345
54-S 88
55 370
55-D 606
55-S 44
56 277
56-D 7
57 280
57-D 27
58 284
58-D 271



Image
Last edited by EthanA on Sat Jan 24, 2015 1:02 pm, edited 7 times in total.
EthanA
Penny Sorter Member
 
Posts: 71
Joined: Sat Dec 13, 2014 4:41 pm

Re: First Post - Pennies Lots and Lots of Pennies....1 Milli

Postby Numis Pam » Sat Dec 13, 2014 6:10 pm

Hmmm...... how much for the nude Ken doll????? :shh: :lol:
Too Busy Sorting and Hoarding to Post Very Often! :-)
Numis Pam
1000+ Penny Miser Member
 
Posts: 1774
Joined: Sun Jun 06, 2010 3:00 pm
Location: Boomer Sooner

Re: First Post - Pennies Lots and Lots of Pennies....1 Milli

Postby Numis Pam » Sat Dec 13, 2014 6:15 pm

BTW.... Welcome to RC.... We have a new members introduction area where we would love for you to tell us more about yourself. :wave:
Last edited by Numis Pam on Sat Dec 13, 2014 8:51 pm, edited 1 time in total.
Too Busy Sorting and Hoarding to Post Very Often! :-)
Numis Pam
1000+ Penny Miser Member
 
Posts: 1774
Joined: Sun Jun 06, 2010 3:00 pm
Location: Boomer Sooner

Re: First Post - Pennies Lots and Lots of Pennies....1 Milli

Postby EthanA » Sat Dec 13, 2014 6:28 pm

Tell you what, all the dolls are free throw ins...

What can I say, he collects things......Pennies are is passion......
EthanA
Penny Sorter Member
 
Posts: 71
Joined: Sat Dec 13, 2014 4:41 pm

Re: First Post - Pennies Lots and Lots of Pennies....1 Milli

Postby NHsorter » Sat Dec 13, 2014 6:42 pm

Whoa! Penny porn! How many steps from this basement up to where you can back up a truck to? :o

More seriously, is there an asking price? I just showed my wife the pictures and she asked if I was going to buy it. I just scoffed as if I would never spend that much on pennies, and she actually was surprised and thought it was an OK idea. :shock:
“They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety” Benjamin Franklin
User avatar
NHsorter
Super Post Hoarder
 
Posts: 3286
Joined: Mon May 09, 2011 10:39 am
Location: Live Free or Die

Re: First Post - Pennies Lots and Lots of Pennies....1 Milli

Postby Numis Pam » Sat Dec 13, 2014 6:51 pm

The storage setup is amazing! So neat and organized. I want some shelving like that for my penny hoard. :thumbup:
Too Busy Sorting and Hoarding to Post Very Often! :-)
Numis Pam
1000+ Penny Miser Member
 
Posts: 1774
Joined: Sun Jun 06, 2010 3:00 pm
Location: Boomer Sooner

Re: First Post - Pennies Lots and Lots of Pennies....1 Milli

Postby EthanA » Sat Dec 13, 2014 6:52 pm

Well this is where it gets tricky I guess. I will say this, ALL serious offers are considered.

It would be for pick up and we estimated at 7000 lbs.

He asked for my help because 1.2 cents for a 1909 VDB in fine is an insult.

I have a spreadsheet with dates and numbers of rolls etc that I can email.
EthanA
Penny Sorter Member
 
Posts: 71
Joined: Sat Dec 13, 2014 4:41 pm

Re: First Post - Pennies Lots and Lots of Pennies....1 Milli

Postby mishra142 » Sat Dec 13, 2014 6:58 pm

Thanks. Now I have to remodel my garage to make it look like this :) Welcome btw!
old feedback link:

viewtopic.php?f=32&t=10854
User avatar
mishra142
Penny Hoarding Member
 
Posts: 592
Joined: Mon Aug 15, 2011 8:18 am
Location: Northern Panhandle of West Virginia

Re: First Post - Pennies Lots and Lots of Pennies....1 Milli

Postby Recyclersteve » Sat Dec 13, 2014 7:09 pm

Are these all copper (82 and earlier) or are there some zincs included?
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).

Please note that ANY stocks I discuss, no matter how compelling, carry risk- sometimes substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) as well.
Recyclersteve
Too Busy Posting to Hoard Anything Else
 
Posts: 4391
Joined: Sun Jan 20, 2013 5:59 am
Location: Where I Want To Be

Re: First Post - Pennies Lots and Lots of Pennies....1 Milli

Postby EthanA » Sat Dec 13, 2014 7:16 pm

3,000 Indian Heads, over 800,000 Wheats, and over 600,000 coppers from 59 on up...and I forgot, I do not know how many rolls of zincs...BU ones at that...

1983 21
1983-D 25
1984 29
1984-D 10
1985 11
1985-D 14
1986 8
1986-D 8
1987 3
1987-D 12
1988 5
1988-D 9
1989 35
1989-D 5
1990 29
1990-D 4
1991 25
1991-D 8
1992 11
1992-D 17
1993 93
1993-D 42
1994 17
1994-D 33
1995 56 38
1995-D 39
1996 8
1996-D 26
1997 5
1997-D 1
1998 16
1998-D 52
1999 11
1999-D 50
2000 27
2000-D 47
2001 2
2001-D 31
2002 8
2002-D
2003 8
2003-D 8
2004 10
2004-D 2
2005 8 300
2005-D
2006 1
2006-D 50
2007 1
2007-D 97
2008 1 100
2008-D
2009 #1
2009-D #1 50
2009 #2
2009-D #2 50
2009 #3 10
2009-D #3 60
2009 #4 10
2009-D #4 10
2010 3 131
2010-D 2 50
2011 1 49
2011-D 46
2012 50
2012-D
2013
2013-D 40
2014 44
2014-D 94
2015
2015-D
EthanA
Penny Sorter Member
 
Posts: 71
Joined: Sat Dec 13, 2014 4:41 pm

Re: First Post - Pennies Lots and Lots of Pennies....1 Milli

Postby Madwest » Sat Dec 13, 2014 8:23 pm

I am interested in making a serious offer.
If anyone has input on how to value this fairly for both the buyer and seller, please share it.
Madwest
Penny Pincher Member
 
Posts: 120
Joined: Wed Sep 21, 2011 7:52 pm

Re: First Post - Pennies Lots and Lots of Pennies....1 Milli

Postby EthanA » Sat Dec 13, 2014 8:32 pm

email sent - spreadsheet should help you 'estimate' fairly. Remember one thing, his rolls listed as average circulation would contain all less than fine grade, the F+ will be greater than fine. The modern coppers and zinc I 'think' are BU.....he made the list..
EthanA
Penny Sorter Member
 
Posts: 71
Joined: Sat Dec 13, 2014 4:41 pm

Re: First Post - Pennies Lots and Lots of Pennies....1 Milli

Postby RichardPenny43 » Sat Dec 13, 2014 9:25 pm

Holy cow! :shock:
That's an amazing collection!

I wish I had the cash to buy it, good luck.
User avatar
RichardPenny43
1000+ Penny Miser Member
 
Posts: 1873
Joined: Tue Jul 19, 2011 12:26 am
Location: Land of Lincoln

Re: First Post - Pennies Lots and Lots of Pennies....1 Milli

Postby LooseChange » Sat Dec 13, 2014 9:31 pm

This is pretty incredible. How long did this take to acquire I wonder?
And to have the foresight to be so organized....wow.
"You can go if you want, but all they make are coins there"- Quote from the Philidelphia, PA visitors center desk clerk, after inquiring about going on a tour of the MINT
User avatar
LooseChange
Penny Collector Member
 
Posts: 480
Joined: Thu Jan 10, 2013 5:53 am

Re: First Post - Pennies Lots and Lots of Pennies....1 Milli

Postby EthanA » Sat Dec 13, 2014 9:35 pm

Years, I think 30 plus but do not quote me.......he is an organized fellow....
EthanA
Penny Sorter Member
 
Posts: 71
Joined: Sat Dec 13, 2014 4:41 pm

Re: First Post - Pennies Lots and Lots of Pennies....1 Milli

Postby NHsorter » Sat Dec 13, 2014 10:23 pm

This would be the ultimate Realcent auction!

I am seriously interested, but man, this is crazy to try to calculate. Been at it here for a little while and I could run through it 20 times and get a much different number each time. What an awesome hoard though!! It really is impressive how nice and organized it all is.
“They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety” Benjamin Franklin
User avatar
NHsorter
Super Post Hoarder
 
Posts: 3286
Joined: Mon May 09, 2011 10:39 am
Location: Live Free or Die

Re: First Post - Pennies Lots and Lots of Pennies....1 Milli

Postby EthanA » Sat Dec 13, 2014 10:37 pm

Tell you what, here is what I did. I counted rolls in (AC) and took blue book value * 50 * # rolls....did this only for the wheats....the way I figure it it the AC column I chose the lowest value for G, then I took the number of rolls for the F column and did the same thing and then totaled. See in those F or better rolls, that price is not included no matter the grade higher than F. Therefor I think I get a ballpark for the wheats. As for the Indians and Coppers, well that would be someone who knows and that is not me. If a person was to say I think the wheats as listed is valued at 'X' and I will offer 'X - Y' then a baseline can be started. If that number is reasonable, I am sure the owner and buyer can come to a reasonable amount for all the others....at least that is how I see it. I am not sure if I can talk with him tomorrow, but I will let him know that he has folks SERIOUSLY interested. This site was the right place to come.
EthanA
Penny Sorter Member
 
Posts: 71
Joined: Sat Dec 13, 2014 4:41 pm

Re: First Post - Pennies Lots and Lots of Pennies....1 Milli

Postby NHsorter » Sat Dec 13, 2014 10:47 pm

EthanA wrote:This site was the right place to come.
Yup, home of the penny nuts! Best collection of penny nuts the world has to offer. You found the right place for sure !! :lol: :lol: :lol:
“They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety” Benjamin Franklin
User avatar
NHsorter
Super Post Hoarder
 
Posts: 3286
Joined: Mon May 09, 2011 10:39 am
Location: Live Free or Die

Re: First Post - Pennies Lots and Lots of Pennies....1 Milli

Postby barrytrot » Sat Dec 13, 2014 10:48 pm

EthanA,

Where are you getting "book value" from? For circulated modern (under 100 years old) coins there isn't a very accurate "book". But I am still curious what book you are using.
User avatar
barrytrot
Too Busy Posting to Hoard Anything Else
 
Posts: 4609
Joined: Mon Dec 08, 2008 3:00 pm

Re: First Post - Pennies Lots and Lots of Pennies....1 Milli

Postby EthanA » Sat Dec 13, 2014 10:57 pm

Well lets see if this works...


Image


Image


I know the blue book is not exact, but it is better and more realistic than the red. He uses the Greysheet bid/ask.


Either way, it is a start right?


1909 VDB in G is $6 Blue Book, $11 redbook, and $8 in Numismedia..., I think Greysheet has $10 for a G VDB....

so I used $6 - the lowest.


Image
EthanA
Penny Sorter Member
 
Posts: 71
Joined: Sat Dec 13, 2014 4:41 pm

Re: First Post - Pennies Lots and Lots of Pennies....1 Milli

Postby Catfish4u » Sat Dec 13, 2014 11:05 pm

I am very interested............
Catfish4u
Penny Pincher Member
 
Posts: 189
Joined: Thu May 17, 2012 4:17 pm

Re: First Post - Pennies Lots and Lots of Pennies....1 Milli

Postby EthanA » Sat Dec 13, 2014 11:13 pm

Well for some reason I am only allowed 5 PM's........drat.


I have deleted a few to make room.
EthanA
Penny Sorter Member
 
Posts: 71
Joined: Sat Dec 13, 2014 4:41 pm

Re: First Post - Pennies Lots and Lots of Pennies....1 Milli

Postby Recyclersteve » Sat Dec 13, 2014 11:59 pm

If you can indicate what major city they are closest to, I might know someone who would want to fly out one way and see them. He would have to calculate the cost of renting a truck to transport them home.
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).

Please note that ANY stocks I discuss, no matter how compelling, carry risk- sometimes substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) as well.
Recyclersteve
Too Busy Posting to Hoard Anything Else
 
Posts: 4391
Joined: Sun Jan 20, 2013 5:59 am
Location: Where I Want To Be

Re: First Post - Pennies Lots and Lots of Pennies....1 Milli

Postby Recyclersteve » Sun Dec 14, 2014 12:17 am

It would also be good to know if these are on a ground floor or if the buyer will need to go up or down steps to get them. It might make a difference in what someone would be willing to pay.
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).

Please note that ANY stocks I discuss, no matter how compelling, carry risk- sometimes substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) as well.
Recyclersteve
Too Busy Posting to Hoard Anything Else
 
Posts: 4391
Joined: Sun Jan 20, 2013 5:59 am
Location: Where I Want To Be

Re: First Post - Pennies Lots and Lots of Pennies....1 Milli

Postby EthanA » Sun Dec 14, 2014 3:14 am

They are in the upper Midwest, ground floor......easy access......


Before anyone should fly etc, their are many details to be worked out. This is not something that needs to happen by Wednesday.
EthanA
Penny Sorter Member
 
Posts: 71
Joined: Sat Dec 13, 2014 4:41 pm

Next

Return to Copper Penny Bullion Investing

Who is online

Users browsing this forum: No registered users and 2 guests