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 Replies: 52 / Views: 7,635 |
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Pillar of the Community
 United States
7375 Posts |
Sorry for the confusion. She only said that her daughter had 'added' to her collection for the last 8 years. I'll trust once, but never again will I ever dabble in the "unsearched" market if this proves to huge disappointment. Worst case scenario is that she gets me for $25 after shipping 11 pounds of copper, and paying ebay, and paypal. They are definitely wheats, but like you say, probably newer or common. If I am convinced that it is not what I paid for......well, let's just say I will do whatever I can to put pressure on her. If all else fails, will try and just sell them for as much as possible and try and recoup my losses. I'll agree that she didn't seem like a total newbie, because she was able to send me a combined invoice. So she knows her way around the system pretty well. In her auction notes she says she's been saving pennies for years and has thousands of them. I saved pennies for years too, and never came up with 1000 wheats. Unless she's a little old lady that was saving pennies back in the 50's and 60's..... I'm beginning to have doubts.  |
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Pillar of the Community
United States
1745 Posts |
I just searched 250 wheats I got from a lady at work. They were her late mother's. She said that no one knew she collected coins and apparently she didn't. She just pulled from circulation. Not sure how long she did it, but of the 250, I found two "keepers". A nice 09 VDB and 12, both in EF-AU range. Due to the nature and the history of this stash, I can almost certainly say these were unsearched. Anyone on ebay, not so sure. |
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Pillar of the Community
United States
7375 Posts |
I chickened.......and am trying to cancel the order. So will see how it goes. I'm sure it's a scam. I will keep you posted.  |
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Pillar of the Community
United States
621 Posts |
How much will/would you have to pay for shipping? if its got free shipping even if its all commons from mostly the 50's and 40's from my calculation you'd be paying 1.5 cents a Wheat penny at $25/1500 so its actually a very reasonable price imo, you could probably get 3-4 cents each if you tried to flip them. |
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Pillar of the Community
United States
4085 Posts |
I agree that if you can get these for anything under $30 or even $35 shipped, it's a good deal regardless. Semi-key dates would be pretty unlikely - the sheer numbers are against you as billions of non-key dates are out there plus even if these were unsearched for years, they have passed through many hands before that that probably pulled certain coins out.
It can still be a good deal though...
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Bedrock of the Community
United States
20753 Posts |
UNSEARCHED and all the rest of the FAKE stories on ebay are just that, fakes. My (mother, father, aunt, uncle, etc.) scratch off all that don't apply. Left me these coins and I don't know anything about them. I found these coins in a bag when I moved into this new house and don't know anything about them. Someone I know gave me all these coins and I don't know anything about them. Someone I know asked me to sell these coins for them. I don't know anything about coins so |
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Pillar of the Community
United States
5208 Posts |
GR58 pretty much summed up everything I was going to say.
In this day and age of the internet even if you don't know anything about coins or watches or lamps or furniture if you inherit some junk all you have to do is go on the internet and figure out what it is worth to at least some extent.
In the old days you may have had to drive to a specialty dealer or go to the library and hope someone wrote a book about your Philadelphia Federal roll top desk.
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Moderator
 United States
23522 Posts |
I think it's a pretty long (and mistaken) stretch to assign ill motives to every single story of this type. That would be assuming that every single person who ever accumulated a pile of Cents in a jar was a maliciously-bent expert numismatist awaiting the chance to take some fool's money. Collectors aren't that common, folks. Especially given the zero feedback, I've no trouble believing the story as originally told the OP.
Not that it matters; one doesn't buy any lot of coins expecting Keys. That's as silly as assuming everyone who ever sold a coin is an expert numismatist.
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Pillar of the Community
United States
4897 Posts |
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a maliciously-bent expert numismatist awaiting the chance to take some fool's money That is great.....kinda want it on a business card.  |
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Pillar of the Community
Australia
7096 Posts |
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I chickened.......and am trying to cancel the order. So will see how it goes. I'm sure it's a scam. I will keep you posted. I have lost count of the amount of times ebay sellers here have complained about exactly what you are doing. In my opinion you have given your Word/accepted a deal and should honour that commitment , Win, loose or draw you made a deal. Nobody had a gun to your head when you hit the "Bid Now" button . You never know these may actually be "Unsearched" but that is absolutely NO guarantee that there will be rare and valuable coins in the lot. That all boils down to dumb luck ,Same scenario roll hunting from a bank. After reading all the posts in this thread these are my thoughts.  |
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New Member
United States
45 Posts |
I have come across about 660 wheat pennies over the last couple months alone, and with several semi key and key dates in circulation. It is possible. But on ebay and with most cases, Trust no One. However, you did bid, you should go through with it. It still will give you copper cents and wheats which are worth something. Learn from it and go from there. |
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Bedrock of the Community
United States
11951 Posts |
I do agree ...that not all are intending to deceive potential buyers. I feel many are sadly wrong or mistaken, as to their coins being unsearched or to their value. They may have a bag or can of coins, and know they have never looked through them. But. the chances are they have been checked out by someone in the past. I see situation like this all the time. Yesterday a guy is trying to sell two $10 gold Indians. Both looked like they had been In jewelry. One like it had been polished. When I showed him what I was seeing, he looked like I was crazy, and said he had them for years, never had them in jewelry or polished them. Sort of the same situation, people don't seem to understand what may have happened with their coins before they came into their control. Also many times they think because they are old they have to worth a lot. So ... Are all claims of ebay lots, of unsearched wheat cents true, I think there is very slim chance. The thousands of stories on ebay each year of unsearched rolls ...bags ..cans and coins left to someone from a relative that had passed on etc ..... has to be a high percentage of made up stories. |
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Bedrock of the Community
Canada
11922 Posts |
You should go through with it. For all for you know the seller is telling the truth and there's a 1909S V.D.B. in the middle of the roll...
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Pillar of the Community
United States
5208 Posts |
Quote:
I have come across about 660 wheat pennies over the last couple months alone, and with several semi key and key dates in circulation. It is possible. What are the dates. I have found a ton of wheats roll searching and I have found several old dates (1910, 1911, 1912 etc) but no mint marked or anything worth more than $3 or so. I still looking for a 1954P wheat for my set. |
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Pillar of the Community
United States
1903 Posts |
If you are paying anything less than 3¢ per, it is still a good deal. Most coin shop owners in my area will give you 3¢ no matter what condition/year the Wheat cent is...heck, melt on them right now is $32.09 for 1500 copper cents |
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Replies: 52 / Views: 7,635 |
First Page
Posted 10/25/2013 10:41 pm
