NE Penny Indiana Hoard..~ 1.5 Mill now (Coppers Gone)
Posted: Sat Dec 13, 2014 5:40 pmI 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.
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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.....
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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.
Here is some of the moderns. I think these are bank boxes??
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
Roll # 2
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..
Roll # 1
Roll # 2
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.
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.
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.
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
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.
Here is some of the moderns. I think these are bank boxes??
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
Roll # 2
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..
Roll # 1
Roll # 2
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.
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.
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.
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
Welcome btw!
