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wheat cent roll question
gene2393
Posts: 762 ✭✭✭
what would is an average price for purchasing wheat cents in rolls and/or bags? i am looking to buy as many unsearched rolls and bags from dealers that I can but would like to know what kinds of prices I could expect pay. I have bought wheat's from dealers in the past few years that have charged me 0.02 a coin to 0.07 a coin. How should I make an offer on large quantities of wheat cents, based on pounds and or by number of coins.
gene2393
gene2393
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gene2393
The biggest issue for my dealer was that a large quantity wheat cents are a pain in the butt, mostly because they are heavy and represent thin margins. Because I knew him for so long, it worked out well and I had some great finds over the years, 31-s and an 09-s both in VF.
If you are just buying some random wheats from someone you domn't know (or ebay) you can expect about 5 cents per or so. So a 5,000 count bag, weighing about 34 pounds, could go for around $250. If the bag is known to only be 40's and 50's, you could probably expect to pay $200 or so; lots of early dates $275-300.
I wrote an ebay guide on how to tell if a big lot of wheat cents is unsearched or not. I'm not selling anything on ebay right now, but I better not list the link just in case. But you can google it under unsearched wheat cents or PM me for more info.
Good luck!
have no place of business. But, we get a lot of wheaties in collections that
we buy. I put them on the BST and no problem. I just sold 3150 cents for
3¢ each. I'm sure that about half were searched by the collector I purchased
them from but the other half was just a hoard and not searched by the man
as he just got them in pocket change.
Lot's of early dates in that batch including a full roll of teens, twenties and
lot's of thirties, forties and fifties.
bob
want to buy wheat cents and low grade wheat key/semi key dates
@cpear put your 1st post on the BST. You will have a super response over there.
Why not post this in a new thread on the Buy/Sell/Trade Forum rather than resurrect someone else's 12 year old thread?
In the mid 1960's I took over 200 rolls of cents out of circulation and looked at every one of them pennies. So if i have not looked at them pennies in over 50 years, are they considered unsearched?
USN & USAF retired 1971-1993
Successful Transactions with more than 100 Members
My rule of thumb is pay what will get them to sell. Some unc rolls sell for $1.00 over face some will be $20 and up a roll, you need to make that decision. How bad do you want them or if they are common then they will let them go for .50 over face good luck and have fun looking.
Hoard the keys.
And you can guarantee they are OVER 50 YEARS OLD, and all SOLID COPPER. And they probably have MONSTER TONING also....
I don't search them. Doesn't mean the guy before me didn't.
@moursund I'm over 50 years old, that mean I have monster toning too, or is that the steel belt radial above my belt.
USN & USAF retired 1971-1993
Successful Transactions with more than 100 Members
Steel belt radial? I hope you don't have one of those "Dunlop" bellies.
("My belly dunlop over my belt"...)
...
There are some tantalizing offers of wheat rolls on ebay. Just recently I saw multiple rolls of wheat cents with V.D.B. showing on both ends of the rolls being offered. And that's just one seller. Who knows what might be lurking between those V.D.B.s?
Great spirits have always encountered violent opposition from mediocre minds.-Albert Einstein
Very Disappointed Buyers?
The guy you're responding to...
Last Active August 22, 2014 9:42AM
Just sayin'.
Yes, I know. But if we're going to resurrect old threads, we might as well add to them.
Wow... ancient thread... However, I still have those wheat cents - plus many more in those jars....Cheers, RickO