Bags Of Wheaties

Any bulk amount of wheats you buy either online or at the local B&M will have been searched through by someone at sometime. When I lived in western NH, there was this small auction house (looked more like a flea market sale done by auction) I use to buy rolls of wheats for 2 cents a coin. The guy would call me up when he got them in and I would go buy them. He never auctioned them. Then I moved and last I knew he went under. On ebay you can expect to pay 4-10 cents each (including shipping).

I doubt the 100 billion cents that the kids raised for charity have been searched very good, when are they going to start selling those things off or are they just going to deposit all those into a bank? The reason I say it hasn't been searched very well is because I remember when my daughter was doing it they told all the kids the room with the most cents donated gets a pizza party in their room, so there wasn't a cent safe in this house and sure it was the same in alot of other places also. All a kid sees is one cent they don't give a hoot about what date or mint mark it has on it. And if they know where a stash is at you can bet their hands were digging in there to get them out

jhs

I have to agree with both Bryan and Rick in what they say in there post. However I would like to add that even if rolls or bags have been searched, there is always a chance you might find a coin you need or a upgrade. And there are some that don't search for varieties so you could get lucky there also. I always look at everything you just never know.

THE OTHER BRUCE.

Thank, you all...here's another question: if I buy rolls of cents from a bank, what do I ask for? I bought $20 worth of coins (.25, .10, .05, and .01) recently and the six rolls of cents came wrapped by someone who'd turned them in for cash.

I am very much a newbie, so take that into consideration when reading my post

I'm not sure if your experience with only getting post-1940 coins in the ebay bags is referring to good quality coins, or just coins in general.

I'm just starting out. My very first purchase was 600 coins. A few days later I bought a bag of 5,000 coins. The bags came from two different sellers and both seemed to have a decent mix. I didn't find any key or semi-key dates, but I filled up my book pretty well and had several coins to choose from for each year.

The only 1930s coins that I'm missing are the 1931s.

The missing 1920s coins are the 26-S, 24-D, 23-S, 22 plain, 22-D, and 21-S

From the teens I have everything from 1916 on. Prior to 1916, I have all of the P mints, but I'm missing the Ds and Ss (except for 12-D...I found that one). I also found a 1909 in great condition, but none of the more valuable ones.

I also found five indian heads in the bag and two of them are in good enough condition that LIBERTY can be read on the crown.

When I was done picking out the coins for my book, I was left with one pound of extra 1909-1919, 1.5 pounds of extra 1920s, and 4.5 pounds of extra 1930s. I re-sold the coins I didn't need for my book for more than I originally paid for the whole thing.

So all in all, I think I did ok. Maybe I only *think* I did ok because I'm new to this? Or maybe I just got lucky?

I'm waiting for my next purchase to arrive...seller is very slow.

When you talk about Wheats, you are talking about a coin that hasn't been produced for almost 50 years. By stating "all coins are unsearched", is a bit of a lie. Maybe the seller never searched the lot, but who knows about the person that came before, or all those other people who have handled those coins for over 50 years.

I personally never buy an "unsearched" lot, for those reasons.

I have ONLY ever bought my Wheat cents from auctions and estate auctions. Now at an estate auction I bought 1000 Wheats for $50.00 and considered that a wonderful deal. They were in a crappy container and NO ONE at the auction had looked through them (I know ....i was the first one there!) Coins were NOT a feature at this auction and it was in a very tiny little town....everyone else was there for motorcycles,gardening stuff, etc. etc. etc. There was a little competetion on some Morgans, Peace, and Indian Heads........but there were only 7 or 8 Morgans etc.......... so nothing much there to attract coin collectors....... WHICH WAS GREAT FOR ME ! I found many many to put in my book 1909-1973. Found two plain 1909's ....... a few in the "teens"........many in the 20's...... a lot of 30's...... a lot of very nice "red" specimans too....and of course many in the 40's 50's range.......but it REALLY filled up my book nicely and so I look forward to going to those out of the way small time auctions where people arent there for coins ! The few that are have just a passing interest sometimes.
If a "company" is selling "unsearched" bags..........yeah.......I don't believe it either.
When someone passes away ..........I prefer to go to that estate auction and I KNOW I have a good chance on finding goodies there ! Otherwise.....you just have to pay top dollar for what you want ! And some grandpa who's had a small collection for 70 years and the family is selling everything.........well the possibilities are there for something really unexpected to turn up ! It's unfortunate that some people have to sell someone's small collection ......but it can happen to any of us right ?

I just got a very good bag of 1,000 coins. I have a bunch of questions, so I'm going to just post a new thread.