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Pillar of the Community
United States
7123 Posts |
I doubt there will be any concerted effort to search all those cents that were donated.
I have not found any real reliable source for wheaties in the last 10 or so years .
My best ones come from buying from the general public .
I run an ad twice a year and buy whatever comes to me . change jars ,piggy banks, cigar boxes full of coins , I pay top dollar and cash !
Im telling you every person I have ever met has a coin or two laying around in sock drawers or stashed in their jewelry boxes the trick is getting them out where you can see them .
Metalman
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Pillar of the Community
United States
834 Posts |
jhs
I have to agree with both Bryan and Rick in what they say in there post. However I would like to add that even if rolls or bags have been searched, there is always a chance you might find a coin you need or a upgrade. And there are some that don't search for varieties so you could get lucky there also. I always look at everything you just never know.
THE OTHER BRUCE.
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Valued Member
United States
314 Posts |
I have same problem with unsearched lots on ebay. I bought an complete roll set from 1934 thru 1958 for 350 dollars last summer. I was going to build 50 books for ebay. To my horror I opened an lot rolls up and found they were short or did not have correct coins in there. I felt I was riped off buying that intire roll set. 8 monlths later I am trying find stuff like 18 37 s coins. 6 1939 d coins, 8 1934 d coins, 20 1943 s mints, 32 1957 coins and so to try finish the roll set to go long with my bu 59 thru 2007 roll set. I need tons of 34 thru 39 coins with mint marks to finish it the roll set. My luck on buying those 1000 to 5000 coin lots ebay to try fix my roll sets. I find they are all 1940 thru 1958 coins with no mint marks on them. My last lot had no pre 1940 stuff in there. It was waste time and money to buy those lots it seems. In auction they say they are unsearched 1909 thru 1958 lots. But ones I bought are is 1940 thru 1958 stuff found in them. To you the truth its seems get I more wheats from shorting 2007 bank boxs from banks it seems these days to fix my roll set. I dont find much maybe 10 coins per box if I am luckey. After 500 dollars worth of them I did get maybe 150 wheats . My highlight coins were 1920s, 1921s, 1919d 1890, 1907 cents I found after going thru all those boxs. The story is all those lots are searched and all pre 30 stuff was pulled and dont except to find anything any good in there like say an 1910s or 1911s, 24d coin. Chevrolet454ss |
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Pillar of the Community
 United States
1934 Posts |
Thank, you all...here's another question: if I buy rolls of cents from a bank, what do I ask for? I bought $20 worth of coins (.25, .10, .05, and .01) recently and the six rolls of cents came wrapped by someone who'd turned them in for cash.
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Pillar of the Community
United States
1231 Posts |
Just go to your bank and ask for a bank box($25) of cents or how ever much you want to get. You may have to talk with the head teller. And they may have to get them from the vault. Don't go at banks busiest times as the teller won't be able to do it.
It helps if you have an account at more than one bank. You don't want to return the rolls you searched through to the same bank. And when you do return them, it is easier to deposit them into your account then to ask for paper back.
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Pillar of the Community
United States
549 Posts |
I am very much a newbie, so take that into consideration when reading my post  I'm not sure if your experience with only getting post-1940 coins in the ebay bags is referring to good quality coins, or just coins in general. I'm just starting out. My very first purchase was 600 coins. A few days later I bought a bag of 5,000 coins. The bags came from two different sellers and both seemed to have a decent mix. I didn't find any key or semi-key dates, but I filled up my book pretty well and had several coins to choose from for each year. The only 1930s coins that I'm missing are the 1931s. The missing 1920s coins are the 26-S, 24-D, 23-S, 22 plain, 22-D, and 21-S From the teens I have everything from 1916 on. Prior to 1916, I have all of the P mints, but I'm missing the Ds and Ss (except for 12-D...I found that one). I also found a 1909 in great condition, but none of the more valuable ones. I also found five indian heads in the bag and two of them are in good enough condition that LIBERTY can be read on the crown. When I was done picking out the coins for my book, I was left with one pound of extra 1909-1919, 1.5 pounds of extra 1920s, and 4.5 pounds of extra 1930s. I re-sold the coins I didn't need for my book for more than I originally paid for the whole thing. So all in all, I think I did ok. Maybe I only *think* I did ok because I'm new to this? Or maybe I just got lucky? I'm waiting for my next purchase to arrive...seller is very slow.  Edited by mahgobbi
12/31/2007 09:30 am
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Bedrock of the Community
United States
20753 Posts |
Always remember when someone states ALL coins are UNSEARCHED and all are Wheat Cents, so how do they know what they all are unless they searched?
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Pillar of the Community
United States
2269 Posts |
When you talk about Wheats, you are talking about a coin that hasn't been produced for almost 50 years. By stating "all coins are unsearched", is a bit of a lie. Maybe the seller never searched the lot, but who knows about the person that came before, or all those other people who have handled those coins for over 50 years.
I personally never buy an "unsearched" lot, for those reasons.
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Pillar of the Community
United States
549 Posts |
Perhaps I'm wrong, but this is the way I've been looking at it...
I fully expect all of the "unsearched" coins to have been picked through numerous times, but I think for beginners like myself there's a good chance to fill in holes through these 5,000 coin bags if you buy from the right person.
I've been careful to check out the buying/selling history before I bid. I don't bid on a lot if it's being sold by a non-dealer who has also been purchasing bulk coins. I think if you stick with the big dealers though, you might find some decent coins. I'm pretty convinced they pick through their bulk coins and remove all of the key dates and the decent quality semi-keys, but it's not worth their time or effort to remove the semi-keys in average to poor condition. It also builds a good reputation for them if people report finding a semi-key date in a 5,000 coin lot. I wouldn't be surprised if they're actually throwing a few good ones into the mix for that exact reason. How else would I have ended up with two indian heads in VF condition? Surely they would have been picked out if the dealer was doing serious cherry-picking. Like I said, I would never expect to find a key date in one of these lots, but for a beginner (like me) who has a book with holes in it, I think it's a great way to fill in the blanks for free (since I can resell for as much as I paid). I don't expect to get many pre-1940 AU coins this way, but I've even found a few of those in the 5,000 bag.
Edited by mahgobbi
12/31/2007 1:48 pm
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Pillar of the Community
United States
6326 Posts |
I have ONLY ever bought my Wheat cents from auctions and estate auctions. Now at an estate auction I bought 1000 Wheats for $50.00 and considered that a wonderful deal. They were in a crappy container and NO ONE at the auction had looked through them (I know ....i was the first one there!) Coins were NOT a feature at this auction and it was in a very tiny little town....everyone else was there for motorcycles,gardening stuff, etc. etc. etc. There was a little competetion on some Morgans, Peace, and Indian Heads........but there were only 7 or 8 Morgans etc.......... so nothing much there to attract coin collectors....... WHICH WAS GREAT FOR ME ! I found many many to put in my book 1909-1973. Found two plain 1909's ....... a few in the "teens"........many in the 20's...... a lot of 30's...... a lot of very nice "red" specimans too....and of course many in the 40's 50's range.......but it REALLY filled up my book nicely and so I look forward to going to those out of the way small time auctions where people arent there for coins ! The few that are have just a passing interest sometimes.
If a "company" is selling "unsearched" bags..........yeah.......I don't believe it either.
When someone passes away ..........I prefer to go to that estate auction and I KNOW I have a good chance on finding goodies there ! Otherwise.....you just have to pay top dollar for what you want ! And some grandpa who's had a small collection for 70 years and the family is selling everything.........well the possibilities are there for something really unexpected to turn up ! It's unfortunate that some people have to sell someone's small collection ......but it can happen to any of us right ?
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Bedrock of the Community
United States
19964 Posts |
quote:
I have not found any real reliable source for wheaties in the last 10 or so years .
My best ones come from buying from the general public .
I run an ad twice a year and buy whatever comes to me . change jars ,piggy banks, cigar boxes full of coins , I pay top dollar and cash !
Im telling you every person I have ever met has a coin or two laying around in sock drawers or stashed in their jewelry boxes the trick is getting them out where you can see them .
Metalman
IMO, that's the ONLY place one will find "unsearched" wheats. Those bags sold by others have been searched a 1000 times over the years. |
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Pillar of the Community
United States
549 Posts |
I just got a very good bag of 1,000 coins. I have a bunch of questions, so I'm going to just post a new thread.
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New Member
United States
10 Posts |
dealers are currently buying bags for around $175 so yes expect to pay between $200 and $250 per bag..... for many years we sold 3 rolls truly unsearched for $5 this was back before the State Quarters started... we sold them for the YN's so they would have something to look for... however half the sales were from collectors buying them like a lottery ticket... we had some guys find some good stuff....1 found a 1922 no D strong reverse worth at the time several hundred dollars.... I would just say that when buying bags yes most have been looked but there are still many good little gems to still cherry pick if you really no what to look for.... one example that I remember to this day was a young lady who loved Lincolns and really knew alot... she was at a coin club meeting where there were 4 dealers and over 25 collectors with quite a bit of collecting experience.... there was a capitol holder filled with cents that she bought... no one else had any interest in this "common" holder.... she cherry picked over $500 worth of coins out of it.... guess who had the last laugh.... |
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Valued Member
United States
314 Posts |
Scarsdale coin,
I guess your correct about the 175 to 200 bucks on them. One wholesale dealer sells them for 200 bucks per bag. If you buy over 500 dollars worth from him he gives you free shiping. That dealer sells an lot stuff like wholesale stuff from Dansco, ce harris becides coins.
Chevrolet454ss
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Pillar of the Community
United States
6326 Posts |
So about 960 Wheats for $50.00 WAS a good deal then ? It seems ! In Kansas here there are a lot of "small time" auctions all the time........and I'm gonna start hitting them more often this summer. Not too many serious coin hunters seem to be at these "out of the way" auctions........ and to me, there's a excellent opportunity for great deals, because people are NOT THERE FOR THE COINS !!
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Replies: 18 / Views: 2,249 |
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Posted 12/30/2007 1:34 pm
