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Help Assessing Value Of Wheat Hoard

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 Posted 02/02/2011  9:01 pm  Show Profile   Bookmark this reply Add coppertop5150 to your friends list
Some big money coins are the LMC look at all the various doubleddies , WAM's 93 98 99 00,close 92, 88-89 reverse, doubled die ears,68-s 69-s dd'd very valued coins,72 dd's coins.the list goes on.

More variations exist on searching reg ol bank roll cents 59-09 LMC then just buying those few 40-58 wheat cents in those rolls.

But there are the 55 dd and 44 s/d variations plus RPM that could be in those rolls.

Id rather just search 4 bank boxes for 100$ aget back all my money then pay above face for those comon date wheats but thats just my opinion. And if your sorting copper, well copper is copper reguardless if its a wheat of a 59-82 LMC
Edited by coppertop5150
02/02/2011 9:03 pm
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 Posted 02/02/2011  9:13 pm  Show Profile   Bookmark this reply Add Drsandman2 to your friends list
In theory, if I bought the wheats at spot then I can turn around and sell for same. But you have a valid point about the more recent cents. And I suppose the chances that someone has already louped the wheats is much higher than a bank roll.

Any tips on snagging nice rolls? I assume like 90% of the money transport market is owned by 3 companies, like the rest of the world. So I suppose it wouldn't matter where you grabbed the rolls?

Also, do you guys grab a box, break all the rolls and sort by date, then search? Or just search one by one as they come out of the roll?
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 Posted 02/02/2011  9:22 pm  Show Profile   Bookmark this reply Add KoinKid to your friends list
I search one by one so that it doesn't take as long as sorting them all out then searching them one by one. might as well look at every one of them while looking at dates anyway IMO.
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 Posted 02/02/2011  9:39 pm  Show Profile   Bookmark this reply Add amida17 to your friends list
The only years I sort are the 1972 (too many varieties need extended look) and 70s because I struggle with the small date othwewise I chek them one by one
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 Posted 02/02/2011  9:40 pm  Show Profile   Bookmark this reply Add Maineman750 to your friends list
I buy bags that come out of a counting machine from my credit union..a standing order for $50 every week and sometimes they have a bag or two extra...in four months I've found 23 WAMS, (2) 88 RDV-006,(3) 72 DDO8's,(1)97 DDO1, (1)95 DDO1,various RPM's,8 rolls of wheats,and plenty of reds from the 50's,60's,70's....that's just what I remember offhand.I've sold two $100 bags of copper cents for $362 so everything so far has been at a profit.Hard to beat free.
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 Posted 02/02/2011  9:49 pm  Show Profile   Bookmark this reply Add mdh157 to your friends list
His son is pretty smart.........kept the best stuff
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 Posted 02/02/2011  10:12 pm  Show Profile   Bookmark this reply Add Rayman311 to your friends list
I agree with mdh157. Son pulled all pre-40s?
I'd offer $50-60. If his son knew enough to pull those coins then what else did he sort and look for while he rolled them? Maybe I'm too cynical. Don't mean to offend anyone. Just my opinion.
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 Posted 02/02/2011  10:18 pm  Show Profile   Bookmark this reply Add Drsandman2 to your friends list
Yeah, good point. Think I will stay away from this one.
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 Posted 02/02/2011  10:28 pm  Show Profile   Bookmark this reply Add Drsandman2 to your friends list
By the way, I'm just now noticing that proofs are not listed on coppercoins? Or am I missing something?
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 Posted 02/02/2011  11:19 pm  Show Profile   Bookmark this reply Add fenton to your friends list
Usually "old guys" who hoard wheat pennies are collectors and have already cherry picked the coins for any rare varieties. The fact that all are after 1940 is a warning sign; strongly suggests the original collector pulled out any teens, twenties, and thirties as well as any key coins.
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 Posted 02/03/2011  09:17 am  Show Profile   Bookmark this reply Add eaglefoot to your friends list
A Wheat cent is a Wheat cent, regardless of whether or not they're all in the '40's & 50's or not.
Since you have all of the rolls identified already.....there's no mystery or secret here......or anyone trying to fool someone here.
A "common date" average circulated Wheat Cent is always going to be worth SOMETHING over/vs. a "common date" average circulated Memorial Cent.
Any Wheat just warrants "some" value over face.

Again.....a Wheat cent is a Wheat Cent......identified common dates should be .02 to .03 Cents apiece....they're worth that at least, no more no less.

However, I do agree that if you feel this was a "collectors hoard", that has already been searched for the errors/varieties (let alone good dates or just quality coins), that you're interested in, then yeah, stay away from them.
A pile of "pre-searched" coins, even if bought at a good price, can just be annoying to have, if "searching them" is the whole point of the purchase vs. just simply wanting to add more Wheats/Copper to your collection.

Edited by eaglefoot
02/03/2011 09:28 am
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 Posted 01/15/2015  9:35 pm  Show Profile   Bookmark this reply Add jdbarrick to your friends list
I would stay away. The fact that there are several rolls of a specific year and mm does not necessarily mean they were from a large lot to start from. If you buy a bulk bag of wheats you would be amazed how fast you can compile rolls by date and mm. If it's worth it to you then it is worth it, enough said. Good luck!
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 Posted 01/15/2015  9:48 pm  Show Profile   Bookmark this reply Add cjspearsdog to your friends list
barrick, If the op hasn't made up his mind yet I think he has a problem, considering this thread is 4 yrs old. lol
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 Posted 01/16/2015  11:27 am  Show Profile   Bookmark this reply Add pawpaw34 to your friends list
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