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I need suggestions

BobSavBobSav Posts: 937 ✭✭✭
in U.S. Coin Forum

What would you do with approx 15000 wheat cents ?
Bob

Past transactions with:
Lordmarcovan, WTCG, YogiBerraFan, Phoenin21, LindeDad, Coll3ctor, blue594, robkoll, Mike Dixon, BloodMan, Flakthat and others.

Comments

  • ajaanajaan Posts: 17,398 ✭✭✭✭✭

    Sell them by the bag.


    DPOTD-3
    'Emancipate yourselves from mental slavery'

    CU #3245 B.N.A. #428


    Don
  • BobSavBobSav Posts: 937 ✭✭✭

    Anyone know the going rate for Wheat cents in bulk ?
    Bob

    Past transactions with:
    Lordmarcovan, WTCG, YogiBerraFan, Phoenin21, LindeDad, Coll3ctor, blue594, robkoll, Mike Dixon, BloodMan, Flakthat and others.
  • ajaanajaan Posts: 17,398 ✭✭✭✭✭
    edited July 22, 2020 10:35AM

    I know someone who pays 3.5c per coin for mixed. Not all 40s and 50s ;)


    DPOTD-3
    'Emancipate yourselves from mental slavery'

    CU #3245 B.N.A. #428


    Don
  • 1630Boston1630Boston Posts: 13,787 ✭✭✭✭✭

    I sold mine a year or 2 ago to a coin shop that I did not know, helps to sortout teens 20's 30's and S mint marks to get the most money.
    JMO

    Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb

    Bad transactions with : nobody to date

  • CoinJunkieCoinJunkie Posts: 8,772 ✭✭✭✭✭

    With the spike in metals lately, which I expect to continue for awhile, I'd probably hold them for higher prices down the road.

    My Roosevelt Dime Registry Set
  • rickoricko Posts: 98,724 ✭✭✭✭✭

    I have not sold any, but I do have a large quantity.... Last I heard they were going for 3 - 3.5 cents each. Now, with the shortage of change, perhaps some places offer more...Cheers, RickO

  • ajaanajaan Posts: 17,398 ✭✭✭✭✭

    @CoinJunkie said:
    With the spike in metals lately, which I expect to continue for awhile, I'd probably hold them for higher prices down the road.

    I don't think the price of wheat cents is affected by the metal price. The melt price, which is illegal to do BTW, for a wheat cent is $0.0184856.


    DPOTD-3
    'Emancipate yourselves from mental slavery'

    CU #3245 B.N.A. #428


    Don
  • LanceNewmanOCCLanceNewmanOCC Posts: 19,999 ✭✭✭✭✭

    @BobSav said:
    Anyone know the going rate for Wheat cents in bulk ?
    Bob

    consistently across the past decade+ they go from $150-200 at the places i've bought/sold.

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  • CoinJunkieCoinJunkie Posts: 8,772 ✭✭✭✭✭

    @ajaan said:

    @CoinJunkie said:
    With the spike in metals lately, which I expect to continue for awhile, I'd probably hold them for higher prices down the road.

    I don't think the price of wheat cents is affected by the metal price. The melt price, which is illegal to do BTW, for a wheat cent is $0.0184856.

    Then we'll have to disagree, assuming we're talking about circulated common dates. If the price of copper were to double (not extremely far-fetched in the current monetary environment), the price of wheat cents would certainly be higher than today. In any case, if you believe the trend in metals prices is up, and don't need the cash right now, why not wait to sell? The price of wheat cents certainly won't be dropping if copper is going up.

    My Roosevelt Dime Registry Set
  • 1630Boston1630Boston Posts: 13,787 ✭✭✭✭✭

    @ifthevamzarockin said:
    Sell em to the guy with a million of them in his garage.

    you mean this guy??
    https://forums.collectors.com/discussion/819143/my-wheat-cents-hoard/p1
    .

    Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb

    Bad transactions with : nobody to date

  • ifthevamzarockinifthevamzarockin Posts: 8,902 ✭✭✭✭✭
    edited July 22, 2020 2:56PM

    @1630Boston Yes, that is the one, I couldn't find it.

    Edited to add: Found another thread about the same hoard.
    https://forums.collectors.com/discussion/755552/wheat-hoard-10-m-goal#latest

  • ShaunBC5ShaunBC5 Posts: 1,729 ✭✭✭✭✭

    @CoinJunkie Anything you can do to make the price of copper double would be GREATLY appreciated (not that I'm a copper miner with bunch of furloughed friends/employees, or anything).
    As for @BobSav, put them in your avatar Vette and drive them around town on a Saturday morning getting quotes and looking at inventory. I've got a blue one and I should drive it around town on Saturday, too.

  • Namvet69Namvet69 Posts: 9,016 ✭✭✭✭✭

    How bout melt them into a "Tsar cannon" but one that fires carbide gas. Peace Roy

    BST: endeavor1967, synchr, kliao, Outhaul, Donttellthewife, U1Chicago, ajaan, mCarney1173, SurfinHi, MWallace, Sandman70gt, mustanggt, Pittstate03, Lazybones, Walkerguy21D, coinandcurrency242 , thebigeng, Collectorcoins, JimTyler, USMarine6, Elkevvo, Coll3ctor, Yorkshireman, CUKevin, ranshdow, CoinHunter4, bennybravo, Centsearcher, braddick, Windycity, ZoidMeister, mirabela, JJM, RichURich, Bullsitter, jmski52, LukeMarshall, coinsarefun, MichaelDixon, NickPatton, ProfLiz, Twobitcollector,Jesbroken oih82w8, DCW

  • baseballjeffbaseballjeff Posts: 1,082 ✭✭✭

    Donate them to some local schools to maybe encourage them to start some sort of coin club?

  • JimnightJimnight Posts: 10,846 ✭✭✭✭✭

    Sit on them a while longer.

  • ZoinsZoins Posts: 34,313 ✭✭✭✭✭

    @1630Boston said:
    I sold mine a year or 2 ago to a coin shop that I did not know, helps to sortout teens 20's 30's and S mint marks to get the most money.
    JMO

    Great advice.

    Private Mint News | 2010 Lincoln Reverse Finalists
  • matt_dacmatt_dac Posts: 961 ✭✭✭✭✭

    Searched and sorted or big buckets?

    I would get rid of them any way you can if just big buckets, even Coinstar. Not worth the effort in my opinion.

  • BLUEJAYWAYBLUEJAYWAY Posts: 9,331 ✭✭✭✭✭

    Check for errors.

    Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,369 ✭✭✭✭✭

    @BobSav said:
    What would you do with approx 15000 wheat cents ?
    Bob

    Join the club. One of my dealer friends has a pallet full of 10,000 count bags. Who know why they're all unsearched ?

  • DeutscherGeistDeutscherGeist Posts: 2,990 ✭✭✭✭
    edited July 23, 2020 3:50AM

    I am not sure where to sell the wheat cents, but the advice on sorting them to increase overall price interested me.

    I do collect any wheat cent I come across and the same goes for the pre-1982 cents. I know enough to collect them in archival tubes, but have no idea about dates, errors or variations. Should all S-minted cents, regardless of year, be separated in one tube or further separated into 1910's, 1920's, 1930's, etc.? I did not know the splitting by decades would be anything meaningful.

    edited: comma mistake

    "So many of our DREAMS at first seem impossible, then they seem improbable, and then, when we SUMMON THE WILL they soon become INEVITABLE "- Christopher Reeve

    BST: Tennessebanker, Downtown1974, LarkinCollector, nendee
  • CoinHoarderCoinHoarder Posts: 2,595 ✭✭✭✭✭

    I haven't been to my LCS since March. But I know back then, they would not buy any common date wheat cents. They must already be buried in them.

  • 1630Boston1630Boston Posts: 13,787 ✭✭✭✭✭

    @DeutscherGeist said:

    . Should all S-minted cents, regardless of year be separated in one tube or further separated into 1910's, 1920's, 1930's, etc.? I did not know the splitting by decades would be anything meaningful.

    This site somewhat explains separating the decades.
    The best way is to look t sites that buy wheat cents and see the different prices offered for different date ranges.
    https://www.coinstudy.com/selling-wheat-pennies.html

    Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb

    Bad transactions with : nobody to date

  • thebeavthebeav Posts: 3,791 ✭✭✭✭✭
    edited July 23, 2020 3:26AM

    I always thought the price of copper was finished when PVC pipe took over and aluminum wiring started to show up. When cents became zinc, I was sure !

    My Ebay Coin Store
  • BuffaloIronTailBuffaloIronTail Posts: 7,481 ✭✭✭✭✭

    @ifthevamzarockin said:
    Sell em to the guy with a million of them in his garage.

    That guy has got more Cents than the entire 1931-S mintage!

    Pete

    "I tell them there's no problems.....only solutions" - John Lennon
  • DeutscherGeistDeutscherGeist Posts: 2,990 ✭✭✭✭

    Thank you 1630Boston!

    That link will be helpful. If my wheat cent stash grows further, I will need to separate them in different categories of tubes. Being organized can only help.

    "So many of our DREAMS at first seem impossible, then they seem improbable, and then, when we SUMMON THE WILL they soon become INEVITABLE "- Christopher Reeve

    BST: Tennessebanker, Downtown1974, LarkinCollector, nendee
  • hyf88hyf88 Posts: 294 ✭✭✭

    1,000 coin lots sell for between $40-$60 on eBay and as mentioned before 5,000 coin bags sell for around $200. Of course fees take a nice bite out of any profit but it’s an option.
    Could also list them on the BST board here and avoid the fees.
    Variety folks might be interested in these to search through.

  • BobSavBobSav Posts: 937 ✭✭✭

    Well I never thought wheat cents would get so many comments. This pile of coins has been gone through by myself and other people over the years, so not much left except 1940's % 50'S,, I keep threatening to take them to the coinstar and get an Amazon gift card but whats left of the " collector kid " in me still thinks someone would want them but I guess that's not really true. Oh we'll guess they can stay put in the closet for another 10 years or so. Maybe if they really decide to get rid of pennies they will become antiques.
    Bob

    Past transactions with:
    Lordmarcovan, WTCG, YogiBerraFan, Phoenin21, LindeDad, Coll3ctor, blue594, robkoll, Mike Dixon, BloodMan, Flakthat and others.
  • DollarAfterDollarDollarAfterDollar Posts: 3,214 ✭✭✭✭✭

    Sell them in a country auction in bags of 1000. Thank me later.

    If you do what you always did, you get what you always got.
  • savitalesavitale Posts: 1,409 ✭✭✭✭✭

    eBay auction. The whole lot. That's what I would do.

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