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 Replies: 19 / Views: 2,853 |
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Valued Member
United States
385 Posts |
hey guys, I offered $750 to buy a guy's 250lb collection of wheat pennies and he accepted. Is this a good deal? and should I jump in on it? Please let me know, thanks.
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Valued Member
United States
310 Posts |
Sounds decent to me. 1 LB is about 150 or so pennies, so you're paying about 2 cents a piece.
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Bedrock of the Community
 United States
12815 Posts |
Does that include shipping or is this a local deal? Yeah, generally 2 cents a wheatie is a great deal. Most dealers sell for 3-5 cents a piece.
I'm hoping you have the opportunity for some rare ones in that big stash too!
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Valued Member
United States
161 Posts |
2 cents a wheat sounds like a deal to me.
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Valued Member
United States
157 Posts |
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Rest in Peace
United States
3039 Posts |
All depends on the shipping arrangement.
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Pillar of the Community
United States
1211 Posts |
I would pay 2 cents each all day long. Would keep me busy for quite some time, too!
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Valued Member
United States
157 Posts |
I just bought 10 for 5 cents each at a dealer, it's a great deal
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Pillar of the Community
United States
1424 Posts |
if you made an offer and he accepted then you should follow through with the deal whether it's a good deal or not. That does sound like a good deal though.
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Valued Member
United States
98 Posts |
Seems like most people agree this is a good deal. If every penny was from the 40's and 50's does everyone think this is still a good deal? To me these are still commons ... just curious if there is a market for them.
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Pillar of the Community
United States
927 Posts |
I would pay 2 cents each in a heartbeat. And I would have fun searching through them. There is a good chance that there are at least a few worth far more than 2 cents each. But even if every coin was from the 40's and 50's, it is still a great deal. The coin club that I belong to pays 3 1/2 cents each for wheat pennies in our penny pot.
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Valued Member
United States
310 Posts |
Melt value is 2.3 cents for a copper penny. So, yes, I still think it's a deal if 40's and 50's.
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Bedrock of the Community
13014 Posts |
Quote:
If every penny was from the 40's and 50's does everyone think this is still a good deal? To me these are still commons Id say it really doesn't matter since youre basically buying them for the copper. Any extra finds in the lot would just be icing on the cake |
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Bedrock of the Community
United States
20753 Posts |
Even if searched, the previous owner may not know of things like Doubled Dies, RPM's, offsets, etc. So for 2 cents each and a chance of finding a good one, worth the time and money.
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Pillar of the Community
United States
2077 Posts |
Quote:
I just bought 10 for 5 cents each at a dealer, it's a great deal
At first I missed the "each". Was going to ask for the address of your dealer so I could buy 100,000,000 for $500,000. |
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Valued Member
United States
98 Posts |
Quote:Quote:
If every penny was from the 40's and 50's does everyone think this is still a good deal? To me these are still commons Id say it really doesn't matter since youre basically buying them for the copper. Any extra finds in the lot would just be icing on the cake I agree that basically they are worth just the copper, but you can buy pre-82 Linc Memorial cents for even less on ebay, including shipping. If you're just buying for the copper the LMCs are a better deal. |
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Replies: 19 / Views: 2,853 |
Posted 07/14/2012 3:24 pm
