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 Replies: 8 / Views: 1,938 |
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Pillar of the Community
United States
2637 Posts |
Visited with the husband of a co-worker who purchases local storage lockers. He brought coins he had found at a locker that he had purchased -- the locker had a crank phone and an 1880 mantel clock, so he figured there would be some other good material. There was an ammo can with some cheap jewelry and coins -- there was an 1867 2 cent that was probably F/VF, a Half Cent of comparable grade (I don't remember the date). To the point, there was also a coffee can full of wheat pennies. Some had verdigris, but others looked like they still had original luster. He said that he emptied out the can about a third and they were all wheats that he could see. Presumably, they are unsearched. What would someone pay for such a coffee can full of wheat pennies? |
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Pillar of the Community
United States
1215 Posts |
An "unsearched" roll of wheat pennies sells for $10 on ebay. Even though your lot is truly unsearched, do not expect to get more than what all those fake unsearched rolls sell for-- there are so many fakes people don't even consider whether a roll of lwcs is really unsearched. Instead, I would suggest that you pull out key dates, high grade coins, and then split the lot into rolls of teens, twenties, thirties, and 40s-50s. |
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Pillar of the Community
United States
1566 Posts |
How big of a coffee can are we talkin' here?
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Pillar of the Community
United States
5825 Posts |
Weigh it.
I believe there's about 170 Wheaties per pound.
Then decide how much per coin you'd pay (probably something in the 3-5¢ range).
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Pillar of the Community
United States
4809 Posts |
Edited by Rackster
02/12/2015 7:54 pm
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Pillar of the Community
United States
1903 Posts |
how on earth do you assume they are "unsearched"? These coins had to be put into that coffee can somehow, and when they were, I would bet that the person looked at the dates. I really don't see how the term "unsearched" applies. For me the ONLY instance where "unsearched" can truly apply is if you have a sealed bank bag of coin. Even then most of that content was "searched" before it got returned and put into the bag. To me a better way to describe the contents is..."I haven't looked at what is inside" or at the very worst "these coins have not been examined by me". Is like saying, if you are the first person to walk into a Flea Market, that the items in the booths are unsearched. Unsearched by you maybe, but the contents have definitely been searched by others (the booth owners).
Edited by unholyroller
02/13/2015 08:42 am
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Bedrock of the Community
Canada
10743 Posts |
I'd offer .03 each and take my chances.  |
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Pillar of the Community
United States
1566 Posts |
Quote:
Is like saying, if you are the first person to walk into a Flea Market, that the items in the booths are unsearched. Unsearched by you maybe, but the contents have definitely been searched by others That's a great analogy. |
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Pillar of the Community
 United States
2637 Posts |
Quote:
how on earth do you assume they are "unsearched"? These coins had to be put into that coffee can somehow 1) I looked at maybe a dozen of the pennies at the top. A couple looked like they may have retained original luster. At least one had verdigris. None showed any wear. 2) The owner of the can said that he had looked through the first 1/3 of the can and only saw wheat pennies. It may be that someone was separating out wheat pennies and throwing them all into the can. If that were the case, I would have expected to see some wear. It may be that whoever was collecting this can of pennies filled the can before 1959. That was my assumption. |
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Replies: 8 / Views: 1,938 |
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Posted 02/12/2015 6:45 pm
