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 Replies: 50 / Views: 5,981 |
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Pillar of the Community
United States
936 Posts |
Are these both fictional characters? I have bought my share of "unsearched" wheat cents and 90% of the time I am disappointed and know that this lot had been searched. I have found a few sellers that have what seems to be truly unsearched, at least in the last 20 years. The only problem is that they charge a premium for these rolls. I can not say that I do not enjoy the treasure hunt, I think I build up to much anticipation (kinda like buying a lottery ticket, thinking what you will do when you win). What really gets me is getting 500-1000 cents only to find a handful of mint marks and nothing before 1930. One of the positives is that I have built a nice roll collection which has a bunch of semi keys and everything in between. I also have built a nice variety and error collection ranging from the 1917 DDO to the 50's. I guess after reading my paragraph above I have done ok, and should feel fortunate for what I have. So post your experiences and maybe some tips for finding these "unsearched" "bank audit" "tails to tails BU" "old lady dies" "attic find" "estate" finds. What I would like to find are these "bank audit BU", I wonder if they are getting these at face? |
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Valued Member
United States
264 Posts |
Well there is a pretty good post on ebay forums about the so called "unsearched" auctions. 99.5% of the so called auctions are pure hogwash. They say they are unsearched, yet they can guarantee X amount of this coin or that. I have only purchased lot auctions from ebay. For the most part my expirence is like yours. I now try to find true collections being sold and not the bulk junk. Though many times I get outbid. The last US coin lot I purchased was for some specific coins in the lot. It had a 1909 VDB penny and a Australian gold coin. I got the lot for spot price, so basicly all the other 80+ coins that came with the lot were extra. BTW - the 1909 VDB that was bu red upon examination will grade lower than advertised as it has been cleaned. |
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Rest in Peace
United States
5375 Posts |
I really don't know much about these 'unsearched lots' but I'm already quite wary; it'd be important for there to be an return policy or at least it would have to be silver.
The reason I would rather buy unsearched silver (mercury dimes, roosevelts, etc) is that if it really has been searched at least I don't lose much because of the melt value.
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Moderator
 United States
6563 Posts |
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Valued Member
United States
346 Posts |
I used to buy rolls of "unsearched" wheaties. Granted, they were only $2.50 each, and I had fun searching through them, but I never really found anything good. I didn't get any keys or semi-keys but I did pretty much fill up my entire Wheat cent album. |
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New Member
United States
18 Posts |
Put youself in the dealer's place. Could you really resist harmlessly checking a bag of wheats you somehow obtained (bank rolls anyone?) and selling that bag of potential fortune? Every single one of those bags are throughly searched. Guess where I'll be selling my collection of searched wheats when the collection gets big enough?
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Pillar of the Community
United States
1952 Posts |
after 49 years sense the last wheat was struck I would say there is no such thing as an unsearched lot of wheat's. it is a sales pitch that sellers on ebay use to get into your pocket. stick with the guy the said they are searched at least he is honest Gary |
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Moderator
United States
6563 Posts |
Thanks gary I appreciate that.  |
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Pillar of the Community
United States
1952 Posts |
your welcome GO but for what? lol
Gary
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Pillar of the Community
United States
1626 Posts |
Jackalope a myth? I live in Arizona....here is a picture of one that I seen while Quail hunting...   |
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Pillar of the Community
 United States
936 Posts |
He must be staring at a huge unsearched estate bank aduit of wheats! Or maybe he is the keeper of the unsearched wheats!
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Pillar of the Community
United States
2600 Posts |
The term not searched is relative. If you think you are going to find a 1909-S VDB, well, you are going to be disappointed. However, the vast majority of these "searched" coins have not been studied for that vast array of errors and they are there. If you are willing to look at them in a different light, there are some great finds to be had. Just my two pennys, oppsss cents, sorry Metalman. Now Mom and Dad are going to yell at me for getting Rick going.  Sorry, Rick, just had to. Jim |
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Valued Member
United States
76 Posts |
I am wary of ebay sellers to begin with, and I would never in a million years believe any of those lots are unsearched. If YOU had all those coins, would you really not at least take a quick look for really valuable coins? Would you have to kill yourself if someone wrote back to you and said they found some super-rare valuable key date coin that you let slip through your fingers for a tiny fraction of its value? Also, if they say you MAY get X, Y, and Z, but you are only guaranteed A, B, and C, I would bid as if X, Y, and Z weren't even there and only pay the value of A, B, and C. Just think about what they say, and what they DON'T say. I always look at it as, what do they think they can get away with, where you can't prove it was fraud. "Unsearched" (you can never prove they were lying) and "you MAY get X" (you can never prove they had no intention of ever giving away X) both fall into that category. What would be your remedy if you bought 100 auctions and never found a key date, or the special gold coin you MAY get with your order? Nothing, that's what. So why would they ever send them to you? Sorry if I'm skeptical, but it is ebay we're talking about. |
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Pillar of the Community
United States
1283 Posts |
quote:
after 49 years sense the last wheat was struck I would say there is no such thing as an unsearched lot of wheat's.
ABSOLUTELY! I've heard many of them are not only searched, they're manipulated. They'll intentionally throw in a couple really worn/corroded semi-keys to add the perception of credibility. Whenever I read "Truly UNSEARCHED LOTS!" it makes me not want to buy (anything) from the seller. |
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Pillar of the Community
United States
936 Posts |
I was looking at a few auctions today and found one seller who had just recently bought new crimper sleeves and a new crimping tool. I also noticed where they had just bought a few lots of wheats. I have read about people searching through old rolls (OBW) and taking out all the keys.
I could never buy rolls of wheats or bags of them without going through them, I agree on finding the varieties and errors. Now if someone were to buy my rolls there would be nothing but common dates and not a single error or variety.
As I mentioned I do buy rolls from one seller who sells OBW BU wheats and old mixed rolls, he just charges a premium for these rolls. I find nice semi key dates, BU 30's, and to me they look like they were wrapped in the 50's-60's.
I guess I will never learn my lesson though, I have a lot of fun going through these rolls or bags, my 3 year old enjoys spending the time with me going through them so I guess all is not lost.
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Valued Member
United States
264 Posts |
chrsb - who do you buy from if you don't mind sharing? Any time spent with your kid(s) is a good thing and never time wasterd. My 8 year old helps me search rolls, and is working on her own cent and State Quarter set. |
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Replies: 50 / Views: 5,981 |
Posted 07/06/2007 9:59 pm
