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Are copper wheat cents worth more than a penny ?

If so, who is buying them ?

Comments

  • lkeneficlkenefic Posts: 7,741 ✭✭✭✭✭

    When the price of copper went up years ago, the cost of minting one cent was actually more than one cent. They "fixed" this in 1982... Zn... zincolns... but I'm not sure what copper has done recently...

    Collecting: Dansco 7070; Middle Date Large Cents (VF-AU); Box of 20;

    Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
  • erwindocerwindoc Posts: 4,925 ✭✭✭✭✭

    If it ever becomes legal to melt pennies and nickels for their base metals, lots of people will be buying them. Until then, just speculators and hoarders I guess.

  • 291fifth291fifth Posts: 23,898 ✭✭✭✭✭

    Given the current administration's distaste for regulations I wouldn't be surprised if the ban on melting these is lifted. An influential member of congress needs to get inspired to do so. Step one would be to let such a member of congress know that such a restriction of melting even exists.

    If that happens pre-1982 cents will quickly disappear from circulation and head to the melting pot. This would be good thing for collectors as it would eliminate many ultra-common coins.

    Melt 'em, Danno!

    All glory is fleeting.
  • dpooledpoole Posts: 5,940 ✭✭✭✭✭

    Nuthin' prettier than a pretty Lincoln wheatie, BryceM!

    I sold about 2000 Wheaties on Ebay at the end of May, BTW, for about 3 cents each.

  • claychaserclaychaser Posts: 4,405 ✭✭✭✭

    Wayne Herndon buys Wheaties as long as they are cull free.



    ==Looking for pre WW2 Commems in PCGS Rattler holders, 1851-O Three Cent Silvers in all grades



    Successful, problem free and pleasant transactions with: illini420, coinguy1, weather11am,wayneherndon,wondercoin,Topdollarpaid,Julian, bishdigg,seateddime, peicesofme,ajia,CoinRaritiesOnline,savoyspecial,Boom, TorinoCobra71, ModernCoinMart, WTCG, slinc, Patches, Gerard, pocketpiececommems, BigJohnD, RickMilauskas, mirabella, Smittys, LeeG, TomB, DeusExMachina, tydye
  • Mission16Mission16 Posts: 1,413 ✭✭✭

    @STEWARTBLAYNUMIS said:
    If so, who is buying them ?

    How many you got?

  • cameonut2011cameonut2011 Posts: 10,060 ✭✭✭✭✭

    @claychaser said:
    Wayne Herndon buys Wheaties as long as they are cull free.

    What price level?

  • claychaserclaychaser Posts: 4,405 ✭✭✭✭

    @cameonut2011 said:

    @claychaser said:
    Wayne Herndon buys Wheaties as long as they are cull free.

    What price level?

    Here is his email:
    wh@wayneherndon.com



    ==Looking for pre WW2 Commems in PCGS Rattler holders, 1851-O Three Cent Silvers in all grades



    Successful, problem free and pleasant transactions with: illini420, coinguy1, weather11am,wayneherndon,wondercoin,Topdollarpaid,Julian, bishdigg,seateddime, peicesofme,ajia,CoinRaritiesOnline,savoyspecial,Boom, TorinoCobra71, ModernCoinMart, WTCG, slinc, Patches, Gerard, pocketpiececommems, BigJohnD, RickMilauskas, mirabella, Smittys, LeeG, TomB, DeusExMachina, tydye
  • SoCalBigMarkSoCalBigMark Posts: 2,786 ✭✭✭✭✭

    If sell for three cents, is your net two cents assuming you paid face?

  • MikeyMoMikeyMo Posts: 73 ✭✭

    www.coinflation.com

    Pre-1982 pennies are worth about 1.76 cents a piece in copper melt value right now.

  • OldIndianNutKaseOldIndianNutKase Posts: 2,700 ✭✭✭✭✭
    edited July 8, 2017 7:41PM

    I have heard that the ones with "original skin" sell for astronomical $$........to very astute collectors.

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    I have a gallon can of wheaties and probably about thirty rolls... been saving them for a stormy, winter week to go through.... have had them for many years. Cheers, RickO

  • kennytpezkennytpez Posts: 283 ✭✭✭

    When I first began collecting in 2007, my dad and I set a goal for 1 million. We are over 200,000 now but have not added any in the last couple of years.

  • OldIndianNutKaseOldIndianNutKase Posts: 2,700 ✭✭✭✭✭

    @kennytpez said:
    When I first began collecting in 2007, my dad and I set a goal for 1 million. We are over 200,000 now but have not added any in the last couple of years.

    Funny........reminds me of Scrooge McDuck who used to sit in his vault of money. I hope you soon reach your goal and can post a pic of you and your father looking much like Scrooge McDuck.

    OINK

  • @cameonut2011 said:

    @claychaser said:
    Wayne Herndon buys Wheaties as long as they are cull free.

    What price level?

    http://www.wayneherndon.com/buy.pdf

  • GoldbullyGoldbully Posts: 16,823 ✭✭✭✭✭

    @jonasdenenbergllc said:

    @cameonut2011 said:

    @claychaser said:
    Wayne Herndon buys Wheaties as long as they are cull free.

    What price level?

    http://www.wayneherndon.com/buy.pdf

    No mention this thread is almost 4 years old? What's your point?

  • HydrantHydrant Posts: 7,773 ✭✭✭✭✭
    edited May 1, 2021 9:19PM

    If you have an oxygen acetylene torch handy, do this; Line up some copper pennies in a row and give them the treatment. It's a BLAST!

  • ianrussellianrussell Posts: 2,450 ✭✭✭✭✭

    @STEWARTBLAYNUMIS said:
    If so, who is buying them ?

    Your ones are. :-)

    • Ian
    Ian Russell
    Owner/Founder GreatCollections
    GreatCollections Coin Auctions - Certified Coin Auctions Every Week - Rare Coins & Coin Values
  • LanceNewmanOCCLanceNewmanOCC Posts: 19,999 ✭✭✭✭✭
    edited May 1, 2021 10:03PM

    @BryceM said:
    But, in response to your actual question, yes. A search of eBay shows recent completed auctions of:

    5,000 wheat cents "unsearched, mixed dates" for 360.77 with 56 bids. (7.2 cents each)
    5,000 "UNSEARCHED! Wheat Cents / Pennies - Retired Coin dealer lot" for 280.00 with 21 bids. (5.6 cents each)
    5,000 "1909-1958 PDS Lincoln Wheat cent bag" for 247.50 with 17 bids (5.0 cents each)

    It might take a little hype and marketing, but apparently there's a market.

    .
    wow. that is considerably higher than last i was buying them!

    scratch that. didn't realize it was an old thread.

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  • @Goldbully said:

    @jonasdenenbergllc said:

    @cameonut2011 said:

    @claychaser said:
    Wayne Herndon buys Wheaties as long as they are cull free.

    What price level?

    http://www.wayneherndon.com/buy.pdf

    No mention this thread is almost 4 years old? What's your point?

    Why not?

  • jmlanzafjmlanzaf Posts: 31,620 ✭✭✭✭✭

    You can get $130 to $150 per bag. Wheat cents are never with only one cent, although some forumites throw that canard around occasionally.

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