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Wheat Penny Rolls, Need Help Valuing

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thecoinguy1964's Avatar
United States
1303 Posts
 Posted 12/19/2015  08:28 am Show Profile   Bookmark this topic Add thecoinguy1964 to your friends list Get a Link to this Message Number of Subscribers
I'm not here to sell, only to ask a question about the value of Wheat rolls. I have just over 500 rolls of Wheats I'm considering selling to a local collector. While most of these rolls are from the 40's & 50's, I also have pre 1940 rolls by date & mint, also rolls from the 30's, 20's & teens. I've tried looking on ebay to gather pricing, but prices are scattered. Any help would be appreciated.

50's $2 roll
40's $2 roll
30's ?
20's ?
teens ?

*** Moved by Staff to a more appropriate forum. ***
Edited by thecoinguy1964
12/19/2015 08:29 am
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John1's Avatar
United States
56855 Posts
 Posted 12/19/2015  08:33 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
I think not sure:40's-50's=2-3 cents each,30's= 4-5 cents,20's=5-6 and teens 7-8. Just my guess. Dealers sell rolls of 40/50 for $2-4 range just to give you an idea.
John1
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moxking's Avatar
United States
17900 Posts
 Posted 12/19/2015  10:10 am  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
The price range John1 gave you is very typical of prices. However, there are two factors that will increase the value.

First, if the entire roll is a single date and mint mark (called a solid date roll), especially if they are uncirculated, that will drive the price much higher than the estimates John gave you. If these rolls are ones that were just picked out of circulation it is very unlikely that you have too many uncirculated rolls, if any, and even less likely that they are solid date.

Second, as in all collectibles, the grades (condition) of the coins makes a huge difference. It is absolutely impossible to give you a true fair estimate when you (and we) have no idea of what grades (conditions) are contained in the rolls - especially the earlier rolls.

What I would do is simply trust the offer you are given if it averages out to those prices John1 listed. The second option would be to learn how to grade Lincoln Wheat Cents, list the individual coins you have and their grade (at least what you believe them may be). After all those many hours of work you might be able to get more that a few cents each.

The question is, do you want to invest tons of hours to get a little (or possibly no) more money, or do you trust that the collector that is making you the offer has already spent that time learning to grade and is making you a fair offer?
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United States
1187 Posts
 Posted 12/19/2015  11:06 am  Show Profile   Bookmark this reply Add LibertyEagle20 to your friends list Get a Link to this Reply
Unless you really need money, now isn't the time to sell. Copper prices are in the dump. It may also be worth picking out the "s" 40's and 50's as those have lower mintage than a lot of the "p" coins from even the 20s and 30s. My suggestion would be to wait until prices recover but it might be years before that happens.
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KenKat's Avatar
United States
4085 Posts
 Posted 12/19/2015  11:36 am  Show Profile   Bookmark this reply Add KenKat to your friends list Get a Link to this Reply
I was just at my local coin store this morning and they were selling rolls of mixed date wheats for $3 / roll. Depending on what kind of deal you are looking to give the other collector, something in the $2-3 a roll might be reasonable. This is assuming that these are run of the mill wheats that have been looked through already.
Edited by KenKat
12/19/2015 11:36 am
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52Raymo's Avatar
United States
8515 Posts
 Posted 12/19/2015  11:53 am  Show Profile   Check 52Raymo's eBay Listings Bookmark this reply Add 52Raymo to your friends list Get a Link to this Reply
You need some seed coins to put on the ends...
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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garys64wildcat's Avatar
United States
593 Posts
 Posted 12/19/2015  4:42 pm  Show Profile   Bookmark this reply Add garys64wildcat to your friends list Get a Link to this Reply
Make it a cull key date LWC or Indian and ebay it and it will make you some $$. I see them there all the time and many rolls
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Coinfrog's Avatar
United States
94367 Posts
 Posted 12/19/2015  4:51 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Great advice. Comforting to know everone's on the up and up here.




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52Raymo's Avatar
United States
8515 Posts
 Posted 12/19/2015  6:32 pm  Show Profile   Check 52Raymo's eBay Listings Bookmark this reply Add 52Raymo to your friends list Get a Link to this Reply
Don't forget to rough up the paper on the ends so they look really old lol. Antique that baby !
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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T-BOP's Avatar
United States
18456 Posts
 Posted 12/19/2015  6:59 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
Have we all gone mad ! for 500 rolls assuming they are all circs, you might want to sell them all as a job lot. by the way your describing what you have ; I admit it would be hard to come up with a ''LOT'' price that you can live with and also have the buyer feel like he got a good deal.
just off the top of my head without knowing which dates, mints, and grades I'D Throw something like $5-$10 a roll at that guy. I could be way off ,but you see what I'm trying to say.
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Parklane64's Avatar
United States
2668 Posts
 Posted 12/20/2015  02:37 am  Show Profile   Bookmark this reply Add Parklane64 to your friends list Get a Link to this Reply
Just state 'I haven't gone through them, and who knows how long ago if someone did'. Then show some plain ends. Sure, show the nice ends and say what percentage they are.

You'll have watchers. Expect those last moment bids.

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thecoinguy1964's Avatar
United States
1303 Posts
 Posted 12/20/2015  08:17 am  Show Profile   Bookmark this reply Add thecoinguy1964 to your friends list Get a Link to this Reply
Thanks for everyone's input.
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