Valuing wheatbacks

Jeffnlu

A friend of mine has roughly thirty pounds of wheatbacks he would like for me to purchase. I will sort through them looking for the keys but otherwise how do I determine a fair price for both of us?
My thought is, excluding keys to value the 1940's and 1950's at two cents apiece. And the older ones at three cents apiece.
If I find any keys I would probably take them to the LCS and get his opinion on value.
Thoughts?
Thanks

ricko

@Jeffnlu.... Welcome aboard....I have read various estimates on bulk wheaties and your idea is in the ballpark...probably a tad more generous than most dealers. If you should find any of value, you might try posting a picture here for opinions even prior to your LCS.... Good luck, Cheers, RickO

BuffaloIronTail

You can't assume that there will be anything in there that would be a key, or scarce. You're correct to buy them at bulk. Imagine the fun you will have sorting through them!

Take what RickO says above. Don't pay an arm or a leg for them.

Pete

BLUEJAYWAY

Be sure to check for errors/varieties.

291fifth

The chance that any keys are in the lot is remote at best. Don't be generous as you are buying a bunch of very common coins that the present owner has not bothered to put any effort into learning their value.

Jimnight

What all the above said.

mannie gray

2c straight through is very generous.

jafo50

If your friend is a coin collector you have no shot at finding anything of value. If he has just been throwing wheat cents in a jar for the past thirty years then you might find something of value. Two cents apiece is all I'd offer.

Joe

david3142

I think someone on the BST is offering 2.5 cents each. Put them in contact and don’t worry about getting in the middle.

1630Boston

Welcome aboard.
I recently sold all of mine locally [postage would kill most any deal] for about 2 cents each. Any that I get now I just return into circulation.