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Replies: 21 / Views: 4,838 |
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Pillar of the Community
United States
1406 Posts |
I started collecting with wheat pennies and did all of it on ebay. It ended up being very costly in the long run. If I were to do it all over again I would not buy rolls or lots on ebay. I would just buy folders since looking at the blank holes will tell you basically what coins you are getting. The wheats that are worth more then $.25 will almost never be found in bulk lots, period! If you really want to 'search' I think searching for coins by decade is a better way to start out. Here is a rule that I try and stick by when buying bulk wheats. $.10-$.15 each for 1909-1919's, $.07-$.10 each for 1920-1939's, and $.05-$.07 for 1940-1958's. If you take your time looking for bulk wheats you will find auctions that will have them separated into decades like this. That being said, competition seems high for wheats on ebay as of late and at these prices it may be hard to win any auctions. Good Luck! Happy hunting!
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Pillar of the Community
United States
2541 Posts |
There may be a few legitimate people selling real unsearched rolls, but unfortunately there are also a lot of people selling junk knowing they are ripping people off.
I'd suggest a couple of things:
1) Get a $25 box of pennies from the bank. It's loads of fun, and even though you will probably won't find anything rare, you will probably come away with 10-15 wheaties and you didn't actually spend any money since you can cash it in.
2) Buy the coins one at a time from a reputable dealer.
3) I went into a coin shop and they had a 10 gallon bucket full of wheat cents. I paid $10 for a generous sized cup full. I got quite a few S-mints, 4 steel cents and filled a ton of holes. I took my cup full up to the counter and started to look through them. Seeing that I was satisfied with the mix I purchased them. I'm sure if you find a local coin shop with a decent mix they may hook you up on the price a little if you buy a few cups at a time.
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Pillar of the Community
United States
2757 Posts |
I see those 'unsearched wheat rolls' all the time on ebay. More often than not, they have a tails-side Indian Head cent showing, a steel (1943) wheat showing, or a silver dime showing. I'd say that 75% of the 'unsearched wheat rolls' have these combination of coins showing. By that fact alone, they cannot be unsearched. They may be from an 'estate', heck, aren't my own coins from an 'estate'? And my house is old, so let's call them from an 'old estate'. Too many catch words. I personally think it's all a scam - no way a tails-side Indian cent made it to one side of the roll 'randomly' when it'll be the only Indian cent in the roll. My advice is to search all the feedback you see from one of these roll sellers - many collectors list in the feedback exactly what they found in the rolls. And if you get a roll, please be sure to do this, as it helps us all out. I like Gothic Florin's advice. I know someone who works at a Subway - he gets Wheat cents every week, and a War Nickel reliably once a month. There are still lots of these coins in circulation. You won't get rich, but you'll fill in the easy holes at least.
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Pillar of the Community
United States
1409 Posts |
Another vote for filling holes via roll searching. I have done very well this way so far. The only purchases I've made were for nice key dates that I'm highly unlikely to ever find roll searching. BUT - roll searching is a blast! I've only gone through 3 boxes of pennies, but have found 2 Indians so far, 1903 and 1904, along with over 100 Wheats, including a couple in BU condition (48 and 51) that looked like they were minted last week. Welcome to this addictive hobby, and good luck! Oh - and I look at those auctions with the Mercury dime on one end and an IHC on the other - and watch those rolls go for $20+......then read the feedbacks - maybe 1 in 50 buyers finds something that justifies the cost, the rest find commons.
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Pillar of the Community
United States
1745 Posts |
Stay away from unsearched shotgun rolls. Get your 50 posts and then post your want list here. Many here have tons of Wheats.
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Valued Member
United States
161 Posts |
if a person wishes to waste his/her time buying "unsearched" wheat rolls, I offer this advice, look at the seller's other auctions. it is amusing the feedback that some of the buyers leave, did they actually expect to get a solid roll of 09SVDB's ? come on, its a gamble, and the odds arent in your favor.
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Bedrock of the Community
United States
20753 Posts |
Quote:
Stay away from unsearched shotgun rolls. Get your 50 posts and then post your want list here. Many here have tons of Wheats.
Rather than long, dragged out explanations, just do as this one says. Great advise is usually short and to the point.
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Valued Member
United States
258 Posts |
Most local coin shops usually have a big bucket of wheat pennies available for 4 to 10 cents each. Just find a shop with one of these and look through all of his wheats and cherry pick the good looking stuff! Sincerely, John Leckrone
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Valued Member
United States
60 Posts |
For what it's worth, I've been able to fill every hole in my Dansco (save '09s, '09s vdb, '14d and '31s) by searching rolls. It has taken a LONG time to do so, but IMO has been tons of fun. I still buy a roll from time to time, though. Note that not all of the ones that I found in rolls were great examples (so I'm always replacing them)...so look at it as a way to get started.
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Valued Member
United States
60 Posts |
Let me add that the guys that mentioned feedback are 100% spot on. There are TONS of shady sellers on ebay selling "unsearched" rolls. Wait it out...check feedback on the rolls and make sure that the positives are not from "new eBayers", aka, the sellers friends opening accounts to boost feedback. Sure, it's against ebay policy, but it DOES happen...pretty often.
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Pillar of the Community
United States
1372 Posts |
I had a listing on ebay recently of 117 different wheats, complete from 34 pds to 58 pd, and couldn't get a 50 dollar bite. There was a 1909 VDB that was a real dark AU in the bunch, and lots of first and second decade mint marks. I am not a fan of wheat pennies. You can't hardly give them away. There were no spotted and corroded junkers in the lot either. I bought a huge collection and there were 3 partial sets of wheats. I sorted out all of the junk and kept the one set back. The rest went into the coinstar machine at the local Walmart. There were 16 rolls of wheat cents put into circulation here in SW Pa around Christmas time. By the time you charge for postage...they're not worth much at all. Chance
Edited by Chancellor Sutler 03/08/2010 1:26 pm
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New Member
United States
25 Posts |
I am also interested in this same topic, good info. Thanks all
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Valued Member
United States
323 Posts |
Im starting roll searching too - I've done a few, but no real finds. I guess I'm going through 'searched' rolls =)
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Pillar of the Community
United States
3283 Posts |
Another item to check is the sellers buys. Amazing but a seller will give you a song and dance about shoveling snow or something for an elderly person who dies and leaves them some rolls. Of course they are unsearched and in rolls for decades. They always have something interesting on the ends, a vdb or indian head. Read their buys and they are buying bags of wheaties and junk indians. Lots of scammers on ebay!
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Pillar of the Community
United States
3283 Posts |
I must add - Lots of nice hard working folks on ebay also. Most actually
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Replies: 21 / Views: 4,838 |
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