| Author |
 Replies: 28 / Views: 2,297 |
Page 2 of 2
|
|
|
|
Forum Dad
 United States
24163 Posts |
Quote:
but I find it hard to believe in most of these guys claiming they bought an entire hoard of pennies, and parcel them out without going through them. To answer that exact quote very specifically, yes I think there's a lot of them. When we've got "real" coins all around us, there's no way we're gonna take the time to go through 50 pounds of wheat cents. So if you see us selling any and we say that they have likely been gone through at some point but not by us, it's the 100% truth.  BiggFredd had an awesome spiel he used to put in his wheatie auctions, I'll see if I can dig it up. |
|
Pillar of the Community
United States
1807 Posts |
 to the forum jedichef |
|
Rest in Peace
United States
3039 Posts |
I can guarantee any that I sell will have been unsearched within the last 20 minutes.
|
|
Pillar of the Community
United States
2589 Posts |
If you are looking for unsearched wheats I suggest asking banks if any old people have deposited rolls lately. Working as a bank teller I never have received genuine unsearched wheat rolls. I did however receive a nice horde of cents from my grandfather that included several BU examples, and I did manage to get my hands on two genuinely unsearched rolls of Jefferson nickels from the sixties for face value. These were hand wrapped contained no coins after 1962 and were loaded with dates from the forties and fiftes as well as a 1939 s. -XoG |
|
Valued Member
United States
462 Posts |
After buying two rolls of "unsearched wheats" for $12.00 a roll, I now have a new rule for myself. I will NEVER pay more than $3.00 for an "unsearched " roll. I just purchased 3 of them, 1 for $2.50 and 2 for $2.75. Wheats are worth Three Cents each at minimum, so $1.50 per roll is a safe purchase. I will pay six cents on the outside chance I might find a cent worth fifty cents or a buck. Besides, I like the hunt. |
|
Valued Member
United States
122 Posts |
If you came across a hoard of wheat cents, what would you do? Of course you would search them. So does everyone else. End of story.
|
|
New Member
United States
16 Posts |
I am not optimistic about any great finds on ebay. They sound too good to be true. |
|
Forum Dad
United States
24163 Posts |
Quote:
If you came across a hoard of wheat cents, what would you do? Of course you would search them. So does everyone else. End of story. Well sorry but that's incorrect. We've had bags and bags roll through here and never searched any of them. I've watched dealers at coin shows buy bags of them by weight, dump them right in a rolling machine, then put the rolls right out for sale. Do I think that there are wheats out there that are unsearched by anyone.. no not many. But to say that anyone that comes across them searches them is very far from accurate. |
|
Pillar of the Community
United States
2224 Posts |
I purchased a 3000+ count Wheat lot at an estate auction last Friday night. Paid a bit more than I should ($175) but I wanted to take the chance. I had never bought a bulk bag of Wheats before. To the auction house's credit, they never mentioned anything about "unsearched", "retired bus driver put all of his pennies away for the last 70 years hoard" or anything like that. Of the 3083 cents, only 156 were pre 1940, and nothing of any real value, as far as scarce dates were concerned. BUT, I did find two 1944d/s (unfortunately both the lesser valued variety) so like it was mentioned earlier in this thread, a lot of these lots while probably searched for dates have probably not been picked over for varieties.
|
|
Valued Member
United States
311 Posts |
Quote:
To answer that exact quote very specifically, yes I think there's a lot of them. When we've got "real" coins all around us, there's no way we're gonna take the time to go through 50 pounds of wheat cents. So if you see us selling any and we say that they have likely been gone through at some point but not by us, it's the 100% truth Man, you guys must laugh your heads off at folks who spend time going through circulated rolls! Having gone through hundreds of thousands of cents, and never found anything worth more than $2-$3, the idea of dumping an old "hoard" without going through it is pretty hard for me to comprehend. The other issue is, for every dealer who is honestly re-selling lots that he hasn't gone through, how many are lying? Then you've got the guys selling the ludicrously seeded rolls making it seem even MORE implausible that anyone could be telling the truth... It's a hard sell. Edited by PennehChaos
01/27/2009 4:24 pm
|
|
Pillar of the Community
United States
2600 Posts |
BadThad is correct by my way of thinking. The chances of finding a 1931-s or any other key date in decent condition is slim to none. Even the untrained eye will find something that is listed in the Red Book and showing it is worth a significant amount. But varieties are definitely there. All it takes is patients, an understanding of what to look for and, with my eyes, a microscope. Jim |
|
Moderator
United States
23522 Posts |
|
|
Pillar of the Community
United States
1231 Posts |
Quote:
The other issue is, for every dealer who is honestly re-selling lots that he hasn't gone through, how many are lying? Then you've got the guys selling the ludicrously seeded rolls making it seem even MORE implausible that anyone could be telling the truth... It's a hard sell.
Well this all depends on your definition of a dealer. Alot of sellers on ebay are not what I consider dealers. They are just sellers trying to make a quick buck. And they do!! |
|
New Member
United States
16 Posts |
SuperDave, Thanks for the link to coin searching, very informative.
|
|
Valued Member
United States
56 Posts |
One of the biggest scams going on ebay is those "unsearched" wheat rolls with the crimp-sealed ends, also referred to as "shotgun" rolls. Especially the ones in the N.F. String & Son wrappers (tan color with red lettering on them) that some sellers will try to con you into thinking they are "old" rolls, when they most definitely are not. In fact, anyone can order a whole case of 1000 of those wrappers for around $10 or so direct from the manufacturer, brand new. Don't be fooled by these so-called unsearched/unopened rolls! |
|
Page 2 of 2
|
Replies: 28 / Views: 2,297 |
Page 2 of 2
|
First Page
Posted 01/27/2009 10:45 am
