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 Replies: 14 / Views: 2,117 |
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New Member
United States
19 Posts |
I have a guy who will sell me old penny rolls for 8 dollars each, this is the score from 4 rolls, 32 bucks. I'm going to get more, I can't help it, but would you?  Edited by play guitar
03/27/2016 8:24 pm
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Valued Member
United States
70 Posts |
I wouldn't do it, but I don't care for cents.
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Bedrock of the Community
United States
11951 Posts |
I would not. Most coin shops have buckets of wheat cents you can buy at .05 each. They should have Indian Head cents around a dollar each. Common date 40's and 50's AU/BU Wheat cent .25 to .50 each. And you can pick which ones you want. |
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New Member
 United States
19 Posts |
Boy, have I got a lot to learn. What about those values in the Red Book? Meaningless? |
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Pillar of the Community
United States
4468 Posts |
RedBook is a retail guideline. You can typically purchase a coin for about 70% of the listed price in RedBook. You should try selling the coins that you have, then you will find out the real value.
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New Member
United States
19 Posts |
That is correct about selling them to learn the value. I started metal detecting, which brought me to silver, which brought me to coins. I'd like to learn for a year, then try to sell to recoup some of my silver investments, but I'm only on month 4. At least that was the plan at first. Thank you for your input, guys.
Edited by play guitar
03/27/2016 8:53 pm
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Pillar of the Community
United States
1499 Posts |
When I was dealer, $1 was all you could get for common date Indian cents in Good condition regardless of what the price catalogs, including "The Coin Dealer Newsletter" said. If you wanted to make money, you had to pay less than that. |
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Pillar of the Community
United States
4963 Posts |
Let's say the IHCs are worth about a dollar each, and the high grade wheats are 10 cent each (probably less in reality). You're still paying over 12 cents each for the other 187 coins, which I assume are circulated wheat cents, when you could pay 4 or 5 cents each.
Edited by Numisma
03/27/2016 9:42 pm
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New Member
United States
19 Posts |
Oh well, it was more fun looking through them than going to a movie, I guess. Same cost if I take my wife! Won't be doing that again, but how can you win if you don't play?
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Pillar of the Community
 United States
3058 Posts |
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Pillar of the Community
United States
4963 Posts |
I would suggest getting boxes from the bank. You won't find as much, but you can also get more recent errors and varieties, and everything just costs face. Also, once you hit the post requirement (I think 50, maybe 250), I'm sure plenty of members would be happy to sell you some wheat rolls for a lot less.
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Valued Member
United States
70 Posts |
If you are looking a way to kill time definitely start coin roll hunting! There's a subforum here to get you started.
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New Member
United States
19 Posts |
Thanks guys, but yeah, the bank has been selling me boxes, but they are getting weird. I find a lot of Mechanical Doubling and a little silver and two proof nickels. But I love it! I've looked at about 100,000 coins in 4 months. |
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Pillar of the Community
United States
937 Posts |
If I were you I would buy $25 boxes of cents from your bank. I search 1 to 2 boxes a week. Last week in two boxes I found 22 wheat cents including a 1919, a dime, an Australian 5 cent piece, 2 1998 WAMs, and several coins for my red LMC set. I replace the cents I keep roll the coins and have $50 more dollars in my penny stash. I have nearly $1000 to turn in now. |
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Valued Member
United States
431 Posts |
I would go with bank boxes. I have gotten about 50 wheats in a box before. I have found one Indian Head penny, a 1903 that was F details but it was slightly bent. I bought a box last week and it was all obw 2015 pennies. |
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Replies: 14 / Views: 2,117 |
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Posted 03/27/2016 8:22 pm
