Coin Community Family of Web Sites
Like us on Facebook! Subscribe to our Youtube Channel! Check out our Twitter! Check out our Pinterest!
Username:
Password:
Save Password
Forgot your Password?


Welcome Guest! Need help? Got a question? Inherit some coins?
Our coin forum is completely free! Register Now!

Located Large Quantity Of Wheat Pennies, Need Advise From You Pro's. (:

 
To participate in the forum you must log in or register.
Author Previous TopicReplies: 8 / Views: 304Next Topic  
New Member

United States
0 Posts
 Posted 09/22/2020  10:32 pm Show Profile   Bookmark this topic Add jhnby1017 to your friends list Get a Link to this Message
I am 74 years old and dug out my old coin collection when I was a teenager. Yeah we road horses to school too. lol

I decided to start collecting again and a friend of mine, yes I do have a friend or two, has a ton of wheat pennies she is starting to let me go through.

I have the new 2021 Red & Blue Books. I want to be fair with her but don't want to overpay for the ones I want to keep or sell for her either.

Dealers here in St. Louis pay 2 cents apiece for bulk amounts of Wheaties. THAT isn't going to happen.

So do I offer her Blue Book depending on grade or how would you handle this dealing with a friend.

I'm new to the Forum and have been hitting up YouTube nightly on error varieties, etc. to boot. So help this ole boy out please. I am looking forward for the various advice. Jhnby1017 here.
Bedrock of the Community
United States
36044 Posts
 Posted 09/23/2020  04:54 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
to CCf. Take youtube videos with a grain of salt,they are wrong more than they are right. Common wheats are around 2-5 cents each.As to values check eBay sold and http://numismedia.com/fmv/fmv.shtml
Grade is very important so https://www.PCGS.com/photograde
John1
( I'm no pro, it's just my humble opinion )
Searched 5+ Million Cents Since 1971
Pillar of the Community
United States
1672 Posts
 Posted 09/23/2020  06:41 am  Show Profile   Bookmark this reply Add Petespockets55 to your friends list Get a Link to this Reply
She sounds like a really good friend and I agree being fair is important.
Red Book is full retail and the Blue book is what dealers pay, but neither take into account the volativity of the fast pace and changing internet economy. You could try using the "Grey Sheets" which is a weekly or monthly publication of coin pricing that dealers use and even add a percentage over (that you are both comfortable with) for the benefit of being first to search the group. "The Grey sheets" can be purchased as a one time purchase or a weekly/monthly subscription.

Iy you do a search for "Grey Sheets" on on this site (upper left hand corner and scroll down after entering the search criteria) you can find some existing threads that can give you lots of info to help in your aggreement.

Good luck and keep us in the loop for any exciting varieties you find.

Your arrangement is a win win for you both since she doesn't have the knowledge required to tell one whether one is more valuable than another. You are providing that knowledge and benefitting by having first look at her group. You both just need to agree on where your price will fall. eBay is another good source for "Sold" prices and you may be able to come up with a fair percentage over "Blue book"
Edited by Petespockets55
09/23/2020 06:42 am
Pillar of the Community
Learn More...
United States
4426 Posts
 Posted 09/23/2020  06:46 am  Show Profile   Bookmark this reply Add scopru to your friends list Get a Link to this Reply
to CCF

Any assistance you need do not hesitate to post questions.
Member: ANA and NGC
My Want list: http://goccf.com/t/188411
Valued Member
United States
79 Posts
 Posted 09/23/2020  07:47 am  Show Profile   Bookmark this reply Add SensibleSal66 to your friends list Get a Link to this Reply
Good Luck, Have fun. Take your time with each coin. Never clean .
Take Care. Sal
Pillar of the Community
United States
5209 Posts
 Posted 09/23/2020  10:08 am  Show Profile   Bookmark this reply Add Chase007 to your friends list Get a Link to this Reply
to Community.

You have some good advises above, I can't top'm off but I will reiterate on the one following.


Quote:
Take youtube videos with a grain of salt,they are wrong more than they are right
Moderator
Learn More...
United States
91042 Posts
Pillar of the Community
United States
5068 Posts
 Posted 09/26/2020  8:33 pm  Show Profile   Bookmark this reply Add jack jeckel to your friends list Get a Link to this Reply
Bedrock of the Community
Learn More...
Canada
16109 Posts
 Posted 10/04/2020  6:29 pm  Show Profile   Bookmark this reply Add Dorado to your friends list Get a Link to this Reply
To the Forum.
  Previous TopicReplies: 8 / Views: 304Next Topic  
 
To participate in the forum you must log in or register.



Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2020 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2020 Coin Community Forums
It took 0.55 seconds to rattle this change. Powered By: Snitz Forums 2000 Version 3.4.05