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Wheat Pennies For $3/Pound Good Deal?

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First Page  Showing last 15 replies.
Author Previous TopicReplies: 19 / Views: 2,857Next Topic Page 2 of 2
Rest in Peace
United States
3039 Posts
 Posted 07/14/2012  5:07 pm  Show Profile   Bookmark this reply Add numismo to your friends list
All depends on the shipping arrangement.
Pillar of the Community
United States
1211 Posts
 Posted 07/14/2012  7:58 pm  Show Profile   Bookmark this reply Add jerseyben to your friends list
I would pay 2 cents each all day long. Would keep me busy for quite some time, too!
Valued Member
United States
157 Posts
 Posted 07/14/2012  8:15 pm  Show Profile   Bookmark this reply Add esandweiss to your friends list
I just bought 10 for 5 cents each at a dealer, it's a great deal
Pillar of the Community
United States
1424 Posts
 Posted 07/14/2012  9:11 pm  Show Profile   Bookmark this reply Add bmanofnbc to your friends list
if you made an offer and he accepted then you should follow through with the deal whether it's a good deal or not. That does sound like a good deal though.
Valued Member
United States
98 Posts
 Posted 07/14/2012  11:29 pm  Show Profile   Bookmark this reply Add hammerrob to your friends list
Seems like most people agree this is a good deal. If every penny was from the 40's and 50's does everyone think this is still a good deal? To me these are still commons ... just curious if there is a market for them.
Pillar of the Community
United States
927 Posts
 Posted 07/15/2012  12:14 am  Show Profile   Bookmark this reply Add perfessor to your friends list
I would pay 2 cents each in a heartbeat. And I would have fun searching through them. There is a good chance that there are at least a few worth far more than 2 cents each. But even if every coin was from the 40's and 50's, it is still a great deal. The coin club that I belong to pays 3 1/2 cents each for wheat pennies in our penny pot.
Valued Member
United States
310 Posts
 Posted 07/15/2012  01:35 am  Show Profile   Bookmark this reply Add GRR to your friends list
Melt value is 2.3 cents for a copper penny. So, yes, I still think it's a deal if 40's and 50's.
Bedrock of the Community
13014 Posts
 Posted 07/15/2012  02:12 am  Show Profile   Bookmark this reply Add basebal21 to your friends list

Quote:
If every penny was from the 40's and 50's does everyone think this is still a good deal? To me these are still commons


Id say it really doesn't matter since youre basically buying them for the copper. Any extra finds in the lot would just be icing on the cake
Bedrock of the Community
United States
20753 Posts
 Posted 07/15/2012  10:07 am  Show Profile   Bookmark this reply Add just carl to your friends list
Even if searched, the previous owner may not know of things like Doubled Dies, RPM's, offsets, etc. So for 2 cents each and a chance of finding a good one, worth the time and money.
Pillar of the Community
United States
2077 Posts
 Posted 07/15/2012  10:42 pm  Show Profile   Bookmark this reply Add OldSkoolMadSkilz to your friends list

Quote:
I just bought 10 for 5 cents each at a dealer, it's a great deal



At first I missed the "each". Was going to ask for the address of your dealer so I could buy 100,000,000 for $500,000.
Valued Member
United States
98 Posts
 Posted 07/15/2012  10:42 pm  Show Profile   Bookmark this reply Add hammerrob to your friends list

Quote:

Quote:
If every penny was from the 40's and 50's does everyone think this is still a good deal? To me these are still commons



Id say it really doesn't matter since youre basically buying them for the copper. Any extra finds in the lot would just be icing on the cake


I agree that basically they are worth just the copper, but you can buy pre-82 Linc Memorial cents for even less on ebay, including shipping. If you're just buying for the copper the LMCs are a better deal.
Bedrock of the Community
United States
20753 Posts
 Posted 07/16/2012  10:19 am  Show Profile   Bookmark this reply Add just carl to your friends list
Imagine being able to say OH, look at all those irritating 1955 pennies that have all that blurry, double looking letters and numbers.
Valued Member
United States
161 Posts
 Posted 07/23/2012  7:00 pm  Show Profile   Bookmark this reply Add VGRX to your friends list
^ The blurry ones are half price.
Pillar of the Community
United States
592 Posts
 Posted 07/23/2012  9:14 pm  Show Profile   Bookmark this reply Add SaintRidley to your friends list
Yeah, blurry is definitely no good. They might even pay you to take them :p

Serious note, though, I decided to check out a different dealer nearby today, just to compare them to the one I like to go to. Wanted $8.50 per pound, was selling pretty worn common date Morgans for $35, coins that have been painted on, minimal price on any silver dimes was $3.50 (the other shop I get them for $3). All in all, I found it was better to keep my business to the one shop. The guy I got to is a lot nicer, too.
New Member
United States
23 Posts
 Posted 07/23/2012  9:20 pm  Show Profile   Bookmark this reply Add Dohmenator to your friends list
That's a great deal, go for it!
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