OK, stupid question...kinda...

SamThompson

if someone is selling wheat cents by "the bag" how many coins is that? forgive me im trying to learn dealer lingo

kamehameha00

It usually means around 100. It may be a bit less or a bit more at times.

nwcs

Probably depends upon the dealer. I've seen "bags" refer to 20, 50, 100, and more.

fcloud

The last bag of wheats I purchased was $50.00 face or 5000 cents.

lordmarcovan

As fcloud mentioned, in dealer parlance, a "bag" is usually $50.00 face value, or 5,000 coins.

This is also how the cents are shipped from the Mint to the Fed- in $50.00 face value cloth bags.

LAWMAN

No question is too stupid or erudite for this Forum. Asking is how you learn. Asking the people on here is smart because there is a wealth of knowledge and experience here!

relayer

It would depend on how big the bag is I guess

lordmarcovan

A bag can be any number or size, of course, but if you hear dealers talking about bags of Lincolns, chances are they are talking about 5,000 -coin, $50 face value bags. Trust me on this.

relayer

I trust you LordM, but I couldn't pass up an opportunity to state the obvious