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 Replies: 11 / Views: 1,781 |
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New Member
4 Posts |
What is the best way that I can sell the wheat pennies that I have?
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Pillar of the Community
United States
1659 Posts |
 to the forum! To give you an accurate answer, we would need more information about the wheat pennies that you have. For example, are you talking about high grade certified wheat cents? Or are you talking about bags of post-1940 wheat cents pulled from circulation? What dates are you talking about? The advice I would give on how to sell a 1909-S VDB would be vastly different than the advice I would give for selling common circulated 1957 wheats. |
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New Member
 4 Posts |
Thanks for the response! I'm asking about wheat pennies pulled from circulation.
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Bedrock of the Community
13014 Posts |
If there just normal wheats bulk lots on ebay get pretty good premiums usually. Some coin shops might by them. Id probably go with ebay |
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Bedrock of the Community
United States
20753 Posts |
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Valued Member
United States
125 Posts |
ebay is kind of hit or miss with wheat pennies. I didn't like the fact that they tend to go for 3x face or less.
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Pillar of the Community
United States
1151 Posts |
For circulated, that's about the going rate.
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Valued Member
United States
125 Posts |
Then I guess I've been spoiled to sell at 4-5 times face.
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Pillar of the Community
United States
2077 Posts |
There is not a good way to sell them. On ebay, unless you sell a lot at once, the fees kill you. Coin dealers really don't want more wheats unless they are key dates. My dealer has totes filled to the brim with them. |
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Valued Member
United States
493 Posts |
Guy that bought I think 18 thousand dollars worth last year said 4 cents is more or less the going rate, and he was buying the biggest lots he could get.
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Pillar of the Community
United States
1227 Posts |
AmericanFund,
Stick around awhile, make your post numbers, learn a bit, and let me know what you collect. Wheats are my "thing" and I'd be happy to trade you for whatever I have that's more your "thing" than your wheats are, once you've made the time minimums.
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Valued Member
United States
61 Posts |
Make sure you have a lot of them if you are going to sell on ebay. The fees will eat into your profits a lot. Last I checked it was like 9.9% for ebay and then you had something like a 2.7% paypal fee on top of that. Depending on how many you have it may not be worth it. |
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Replies: 11 / Views: 1,781 |
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Posted 08/16/2012 10:14 pm
