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 Replies: 22 / Views: 3,403 |
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Valued Member
United States
123 Posts |
I see wheat cents going, at the most, for ten cents a piece in average circulated condition, such as ones from the 30s, 40s, and 50s. Do any of yall think wheat cents will ever rise above, say, 25 cents each?
*** Moved by Staff to a more appropriate forum. ***
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Moderator
 United States
34397 Posts |
Sure, even with inflation at pretty low levels, we will get to 25 cents/wheat cent at some point. Of course, at that point a quarter won't buy what it does now. Also interesting to ponder is whether accumulating common wheat cents of average circulated condition is a good use of your money or whether it would be better spent elsewhere. It is fun to find them in rolls for sure, but I suspect they will never appreciate much faster than inflation.
"If you climb a good tree, you get a push."
-----Ghanaian proverb
"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
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Pillar of the Community
United States
3843 Posts |
 Currently the local coin shops in my area are buying common date wheat cents for 3 cents and selling them for 5 cents each. It is going to take a long time for them to see any substantial increases since they are still being hoarded by collectors and non-collectors alike and unlike junk silver there isn't going to be anybody melting wheat cents to make a quick buck for the copper value. They will probably only rise with inflation in my opinion. |
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Rest in Peace
United States
18456 Posts |
There are a lot of early date wheat cents with and without MM's that are worth a lot more than .25 . But as for common dates in circulated condition the 3 to 5 cents each is the norm . I don't believe those will ever rise above a quarter any time soon.  |
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Rest in Peace
United States
4078 Posts |
Common date wheat cents go for 3 cents here and sell for 5 cents. Quote:
Do any of yall think wheat cents will ever rise above, say, 25 cents each? No. I do buy bags of wheat cents from my LCS, an owner who I respect, just for the fun of finding any early wheats. I would not buy the ebay ones. |
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Pillar of the Community
United States
6130 Posts |
I can buy worn but identifiable Roman coins in bulk lots for 50 cents each--wheat cents are going to be the exact same story; the common, worn ones will just stagnate while the key dates and high grades hopefully keep pace with inflation, or slightly ahead of it.
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Bedrock of the Community
United States
11951 Posts |
I with the group, not anytime soon.
In the past few months I have seen 15 to 20 thousand
wheat cents bought and sold in the .02 to .05 price.
Even if it got to the point where dealers were paying
.10 each for wheat cents, I think coin shops would be
dumped with hundreds of thousands of wheat cents.
Hard to imagine .25 each. How many rolls of common wheat
cents would you want, if they were $12.50 a roll.
If copper bullion value got to maybe ... $25 per pound
But I don't see that happening anytime soon.
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Valued Member
 United States
123 Posts |
Thanks all of you, I was expecting these answers and I agree with you all, I was just wondering why people are buying wheat cents like crazy on ebay. How many thousands must sell per hour. I used to buy wheat cents a lot, but now I've been buying higher quality coins, I like wheat cents but only BU or key date ones. I'm thinking of selling my 10,000 or so wheat cents, do you recommend ebay, or a coin dealer, or another method? |
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Pillar of the Community
United States
1339 Posts |
Probablly newer collectors, Leaving mine to the grandkids! would likely be lucky to get my money back for the common ones.......
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Valued Member
United States
123 Posts |
I see them going constantly for four cents, and if they're in rolls they bring as much as eight cents each if they're 1940-1958.
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Valued Member
United States
123 Posts |
In fact, a few months ago ebay altered my max bid and I payed 5.6 cents each, instead of five, so I'm sure it happens to others as well. |
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Pillar of the Community
United States
2200 Posts |
I love wheat cents, mainly because they remind me of when I was a kid. I was born in 1959, so as I was growing up there were plenty of them still in circulation. I suspect many collectors feel the same way I do, which is why they'll always be worth at least somewhat more than face value.
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Rest in Peace
United States
17900 Posts |
Any loose wheats I get in collections I purchase go into jars. Someday I will have time to play with them. I thought I would this winter, but ended up filling yet another jar and a half instead.
As has been mentioned, common wheats are called common for a reason. They just are common and will likely be so for much longer than ANY of us will be around.
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Moderator
United States
187702 Posts |
They are a lot less common than they were when I first started collecting, so it is only a matter of time. How long is unknown of course.
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Bedrock of the Community
United States
10034 Posts |
Wheat cents will be worth a quarter when our dollar depreciates to where a quarter is worth about what is now Three Cents worth of copper. A look at history over the past years indicates this should happen within a month or so now, and we can actually expect a Wheat penny's copper value to be worth three quarters within the next couple years depending on whether the next elections result in a continuance on the same path.  How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 |
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Valued Member
United States
265 Posts |
I couldn't imagine common wheat CENTS ever bien consistently sold for more than 5 to 10 CENTS in our lifetime. There are hoards and hoards, could you imagine just on this site the number of wheat CENTS we collectively have?
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Replies: 22 / Views: 3,403 |
Posted 03/12/2016 2:40 pm
