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It just Irks me!

"Well here is my story/question. I bought 5000 "unsearched"Wheaties from a "Nebraska" hoard sold on ebay. After searching about 4500 of them I found no key dates or semi key dates all in circulated condition. The coins range from the teens to the 50's...lots of them. Is it reasonable for me to expect to find some key or semi keys from a group of 5000 coins that weren't searched?"




The guys who got me a few months ago are back at it again.....same advert more "unsearched Wheaties" I wish I could save some newbies some money and really encourage them to look quite closely at these guys feedback with the toolhaus application. I guess they will have to find out the hard way too?
Icon reduced by popular demand. Peer pressure has forced me to conform! I promise towalk in the right direction image

Comments

  • ERER Posts: 7,345
    Live and learn.
  • What you will typically find is the auction say unsearched by us....which means after 10 people picked through the coins.....they sold them to these guys who didn't bother searching them.

    Most of the unsearched auction are totally BS......maybe 10% are actually unsearched as far as I am concerned.
  • image back, reduced icon person. Hardly recognized ya. Now everyone can focus on what you post.

    It's too bad the people who will do this don't know they can walk into most coin shops and get circ wheats, as many or few as they want. Last time I did I think it worked out to about 2.5c each, sold by the pound, grab a handful or two and go.
    Quis custodiet ipsos custodes?

    Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."

    image
  • MICHAELDIXONMICHAELDIXON Posts: 6,500 ✭✭✭✭✭
    I have come to realize that bags of wheat cents from "hoards" are just coins people pulled out of circulation in the late 1950's and early 1960's after the reverse of the cent was changed in 1958. People collected coins years ago and pulled those with lower mintages out of circulation before the wheat reverse was changed. If I bought a bag of wheat cents to search, I wouldn't expect any key date or semi key date coins to be in them.
    .
    When we auction off bags of coins (ebay or live auction), I tell people to bid as if they were all common coins. Saturday, we had a bag of 573 wheat cents on auction from a ladie's house that caught fire last month. I didn't search them and I'm sure she didn't, but I didn't want to mislead people in hopes they would receive an 09 S VDB or a rare coin. Several people asked if the bag had been searched. My response was: "Don't buy this bag expecting an 09 S VDB. The rare Lincolns were pulled out of circulation before the reverse was changed. I didn't search them and I'm sure the lady didn't since she wasn't an avid collector. Bid as if they are all common dates."
    Thanksgiving National Battlefield Coin Show is November 29-30, 2024 at the Eisenhower Allstar Sportsplex, Gettysburg, PA. Tables are available. WWW.AmericasCoinShows.com
  • Depends too on when they were pulled out. I talked to a guy 15 years ago who had about 150 rolls of old pennies. I went to his house and didn't bother to look at too many when I paid him about 3 cents each since I did notice some were older than the usual 50s stuff. I ended up with enough to fill almost 2 books from 1909 on except for 3-4 keys each. I also got about 300 indian cents. Of course they were all worn pretty thin especially the indians but he had picked them out in the early 50s. I sold most but still have a lot of rolls of 40s and 50s stuff.

    I also remember a large collection of barber/walker/mercury stuff an old lady had. They were all worn real thin (even a 96-s quarter, thin as paper) she thought she had a goldmine and we made no deal.

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