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 Replies: 21 / Views: 3,799 |
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New Member
United States
43 Posts |
So we're having a garage sale in a few weeks and I have a lot of excess (common date lower grade) wheat pennies taking up room. Has any ever sold them at a garage sale? I'm thinking of asking a dime a piece/3 for a quarter... is that too high? I almost am thinking of giving them away (1 for every 5 bucks you spend or something like that) but a dime is pretty cheap these days... And maybe I'd get someone interested in historical coins... Thoughts? Has any one done this before?
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Pillar of the Community
United States
1188 Posts |
If you get a dime a piece you are doing amazing. Common low grades fetch 3-5 cents usually. If anything I'd try to offer a box full ($10 worth for $30 or something like that.). Worth a shot but ebay or Craig's list is probably your better bet. |
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Valued Member
United States
123 Posts |
Here's what I have on my Coin Want List on this site https://goccf.com/t/255953) "I sell thousands of wheat cents, usually to resale them on ebay, & there seem to be a lot of people on here who want to get rid of them to upgrade their collections. So, for a quick way to get rid of them, I'll pay yall 2.1 cents each for 50s ones, 2.7 cents each for 40s, 3.2 cents each for 30s, 3.9 cents each for 20s, & 5.0 cents each for 10s. They must be in at least average, circulated condition for their year. All mint marks are fine. Again, I resale these, & have to make a profit for myself as well, so if you're looking to get rid of average wheat cents for better coins, dump them all & I'll pay you the price I wrote above." Feel free to contact me about them and I cover shipping. Also, in direct response to your thread, if they're 40s or 50s and either P or D mint mark in average condition for their time, than they're only worth 3-5 cents. If they're low quality, I have trouble selling them for 2 cents each. If they're BU, put them in 2x2s and sell them for $1-3 each depending on the condition. If they're average condition for their time and S mint, they can bring 10 cents each. If you're looking to maximize profit (if you're not selling to me) than roll them if you have the time. They can bring $5 each. |
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Pillar of the Community
United States
6326 Posts |
If I came across Wheat Cents in the 40's & 50's (or a general mix) at a garage sale, I would not pay more than .02 - .03 cents apiece for them. You can always ASK for .10 cents apiece...likely someone will haggle you down. But if you get haggled down to .04 - .05 cents apiece...that's still a NICE over-profit for them...go for it !  You just never know at a garage sale...  Edited by eaglefoot
04/22/2016 12:18 am
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Moderator
 United States
56855 Posts |
Please read the CCF buy/sell/trade rules. I would not pay more the 2 cents for low grade common ones. John1  |
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Pillar of the Community
 United States
5828 Posts |
I say ask $0.10 and if you get an offer of .05-.03 take it
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Rest in Peace
United States
18456 Posts |
Andrew , realize that selling coins in a garage sale, you'll probably not going to get a lot of coin collectors attending. most will be people and kids who know nothing about coins, so asking 10 cents a piece for your common wheat's is a good price. have them loose not holdered in a shallow box , sign saying 10 cents ea. or 3 for a quarter .
I've done something similar . I sold ave. circ buffalos and v-nickels common dates at my garage sale about 12 years ago . I forgot what I was getting for them, but I did alright with the newbies.
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Pillar of the Community
United States
4085 Posts |
My experience in selling coins at a garage sale is that you will get either people who don't really care about coins and won't be interested or collectors who are looking to score a big bargain and would be looking to get them on the cheap. I tried to sell coins once and didn't sell a single one. I did have a kid pick up a roll and drop it on the driveway and the roll broke open and wheat pennies went flying everywhere.
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Pillar of the Community
United States
6326 Posts |
 That kid went from happy to sad rather quickly I'm sure. Hopefully he found them all...  |
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Pillar of the Community
United States
4085 Posts |
OH, no, he didn't actually buy them, he just picked them up and dropped them. I was the sad one...
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Moderator
United States
188213 Posts |
When I was a kid I made an attempt to sell some coins at a garage sale. Many of you know that I have said that I have never sold a coin and never plan to. I guess you know how well that garage sale went.  |
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Pillar of the Community
United States
3843 Posts |
I've considered this and decided not to sell coins at any yard sales at my residence for security reasons. At the yard sales I've hosted there has been some pretty sketchy individuals that have shown up looking for a laundry list of high value items like precious metals, video games, electronics and such and that has made me very nervous about selling anything, even low value junk, that may indicate that I'm a collector.
Now if I ever set up at a off-site location at a flea market or in a community yard sale somewhere other than my home I'd possibly consider selling some low value coins.
Edited by Joe2007
04/22/2016 1:50 pm
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Rest in Peace
United States
18456 Posts |
Joe , I can understand your concern, but we're talking about cheap common wheat cents and low grade common Buff's . Just don't put any other coins out and you'll be fine.
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New Member
 United States
43 Posts |
Thanks for all the input guys! Right now I'm leaning toward giving them to kids or folks that buy something...
Its at a community type area and not at my house (so I guess not technically a garage sale...) so not too worried about the security. But that's a really good point, We got broken-in-to 2 years ago but luckily the alarm was on and that scared the guys off before they could get more than some electronics. I hate thieves...
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Bedrock of the Community
United States
10034 Posts |
Quote:
I hate thieves... So does my within-arms-reach buddy named Reality Check. He is capable (though I pray I never have to use his talents) of spitting lead while shooting his mouth off (very loudly). I think you have the right idea about seeing if any coins will sell. Maybe not, bu I like the idea better of just giving them to the kids. Maybe if a child shows up with a parent, ask the parent if you can give the child a very old penny for free. You never know how much fruit will result when you plant a seed. 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
422 Posts |
I'd roll them and sell them that way. People will probably buy a roll rather than pick through them searching for certain dates. Keep the price low enough and people would take the chance of buying more.
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Replies: 21 / Views: 3,799 |
Posted 04/21/2016 11:28 pm
