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 Replies: 22 / Views: 4,192 |
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Pillar of the Community
United States
6326 Posts |
Paying more than .02 - .03 cents apiece for common Wheats is NOT a good buy, imo.
If truly unsearched, which these are likely QUITE well gone through, then that's a different story....
Hard to say on the bay....but prolly no semi-keys...mostly low grade common ones.
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Pillar of the Community
 United States
527 Posts |
 well thinking about all the comments and I think it's more like buying a lottery ticket , we never know right ? Thanks everybody for the answers , helped me a lot ! |
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Pillar of the Community
United States
4809 Posts |
I see this question asked often enough and there are a number of responses offered. In the end, emotional purchases generally prevail against basic logic not to buy or to buy at the price being asked. To a certain extent, nothing wrong with an emotional purchase provided one doesn't make a habit of it (e.g. another pair of blue shoes, another wrench set, etc.). But it will get expensive and counterproductive at some point.
Guard against the emotional purchases; set appropriate expectations. Don't 'con' yourself; there's likely no pot of gold at the end of the rainbow that you've painted for yourself. Start small; learn lessons along the way. Make sure that the lessons aren't too expensive.
Edited by Rackster
03/20/2016 8:11 pm
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Pillar of the Community
United States
527 Posts |
 good point ....I'm learning a lot here for sure ! Think I'm good handling emotional purchases lol so far bought only one coin after collecting for almost a year , because I gave up in searching a proof Ike uncirculated  |
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Pillar of the Community
United States
1795 Posts |
 they most surely are searched and not worth the premium BS they are feeding people. |
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Pillar of the Community
United States
4809 Posts |
Unless you find a very recent impaired proof, to have a proof-like quality coin it will have to be purchased. Hopefully you have a LCS like mine that has a customer bulletin board for posting/buying coins. Many proof Ike's on the board just now but I am mainly a Cent/Nickel guy.
Don't be afraid to buy coins; just do your due diligence and make sure your get the quality buy for the price you deem fair. Not all transactions will be perfect or always in your favor. Accept that you may pay higher for this in order to get a better deal on 'that'. Give-and-take. But hopefully you make more deals that favor you; value-wise or intrinsically.
The thing you'll hear here from the members is to be wary of Snake Oil. Sounds too good; probably is. Running it up the flagpole here will help you make more sound decisions. Again, you will never be perfect, so hopefully the lessons learned are calculated and affordable. And enjoy the hobby; spending some to advance your hobby isn't a bad thing especially over the longer haul.
Best of luck to you!
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Rest in Peace
United States
18456 Posts |
Buying bulk wheat cents from anyone who knows coins is a gamble with 200 to 1 odds .I think at one time or another in our collecting years most of us had tried it at least once mainly when we were young and inexperienced . So another words, I would NOT recommend doing it .   |
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Moderator
 United States
54282 Posts |
Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here) |
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Pillar of the Community
United States
527 Posts |
 I really appreciate everybody's time in posting the comments , I just decided that I won't buy those unsearched bags of wheats . I respect the members from this community cause I'm sure they have knowledge in teaching the new collectors like myself , thanks for helping me in save my money and maybe I will invest in some good silvers... .. have a good week all!  |
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Pillar of the Community
United States
1191 Posts |
I fell for unsearched lots a few times when I started out. As others have said 90% of them will be 40s and 50s. I did buy one unsearched lot where I got like 8 1909-p and 3 1909-p vbds along with quite a few other less common dates (still no key dates). That seller specifically stated the lot was almost all pre 40s and I think I was just in the right place at the right time. I think you're doing the right thing by putting that money toward some good silvers. Let us know what u end up picking out. Good luck!
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Pillar of the Community
United States
992 Posts |
It's not possible to separate wheat from memorial pennies without searching them. No one is going to put a 1909-S into a lot except to salt it for the unwitting buyer.
There are exceptions, of course, but they just prove the rule.
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Pillar of the Community
United States
527 Posts |
 very nice post nss52! Thank you Very much for the smart warnings from all members I completely understood and ended up last night buying some Silver Ikes , really enjoy those huge coins I paid for 4 coins 1971-72-73-74 sealed from mint place $40 shipping free . I will post pics when it arrives probably Wednesday ... I still have money left from my "fun budget" to spend and thinking what to buy next , probably more silvers Good luck !! |
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Pillar of the Community
United States
4541 Posts |
For sure a better buy.. I know I wouldnt buy anything off of ebay that says unsearched.. but again I wont say there arent unsearched bags out there.. |
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Pillar of the Community
United States
2168 Posts |
I agree with many posters about how they could be unsearched. How do they are all Wheat if unsearched? I think just a come one to buy.
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Bedrock of the Community
United States
19958 Posts |
There are NO UNSEARCHED wheats on ebay! |
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Replies: 22 / Views: 4,192 |
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First Page
Posted 03/20/2016 4:06 pm
