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 Replies: 14 / Views: 1,275 |
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Pillar of the Community
United States
533 Posts |
I am thinking about going to an auction this weekend and they have a few lots of 1000 Wheat cents in jars. What is a reasonable price to pay for bulk wheat cents, without knowing anything about them? I am really not too interested in them, but (here goes my coin ADD) I don't have many pre-1930 LHC, and this would be a good start...
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Valued Member
United States
486 Posts |
For a good mix of dates I would pay no more than 3.5X face value. -PP
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Pillar of the Community
Poland
3201 Posts |
Buy, take out the good ones, ship to Poland, and sell for 15x face  |
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Pillar of the Community
United States
2602 Posts |
Shipping copper international is currently prohibited in the US, I think, but I think it is possible to ship very small amounts, just don't know what the face value limit is. I think 3.5x face value is low if it is a good mix. 3.5x is what some dealers are paying (yes, most are paying only 2 or 3 cents each). 5 cents each is fine if it is a good mix. 4 cents each if nearly all 40s and 50s. Nearly all bulk lots of wheats go for 5-6 cents each on ebay |
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Pillar of the Community
 United States
533 Posts |
Quote:
Buy, take out the good ones, ship to Poland, and sell for 15x face Seriously? We might have a deal. I will ship them to you for like 10x face and you can fence them off there? Quote:
Shipping copper international is currently prohibited in the US Hmmmmm, think they are out there with copper sniffing dogs, looking for cent smugglers? I like to live dangerously, I even tear the tags off my matress... |
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Valued Member
United States
486 Posts |
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I like to live dangerously, I even tear the tags off my matress...
 Seriously though, Are people willing to pay that much in other countries? -PP |
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Pillar of the Community
United States
1984 Posts |
I wouldn't expect too many pre-1930's in the lots, but you can usually sell them for a nickel per on ebay, so you decide how much entertainment value there might be (either more or less than a nickel apiece.) |
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Pillar of the Community
Poland
3201 Posts |
Seriously, here are current bids (auctions not ended, might go higher). Prices do *not* include shipping ($2.50-$3). People are willing to buy them individually even though they are in average (or below) grade. - Set of: dateless Buffalo + Wheat 1948 (VF) + Wheat 1951 (damaged) + Wheat 1943 (totally corroded, terrible) -> $2.13 - Wheat 1941 (VF) -> $0.50 - Wheat 1942 (VG) -> $0.50 - Wheat 1945 (VF) -> $0.50 - LMC 1959 (VF-XF, blurry photo) -> $0.50 and many other non-key (I checked) 1940s sold individually, some for up to $1.13 now. Unfortunately there are no current Lincoln sets up for sale. Let me count it. 15x face would be zl 0,30 for a coin. 3,- for 10 wheats? I would consider it a LOW price! Edited by DL20K
08/06/2008 4:54 pm
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Bedrock of the Community
United States
12437 Posts |
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Shipping copper international is currently prohibited in the US, I think, but I think it is possible to ship very small amounts, just don't know what the face value limit is.
I believe that the limit is $5 face value, cents or nickels |
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Pillar of the Community
Poland
3201 Posts |
Good to know.
500 cents is still a lot.
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Pillar of the Community
United States
615 Posts |
I have 300 common wheats that I would love to get 10cent each for. There are even like 50 1943 P steels in there.
-SWUSC
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Pillar of the Community
Poland
3201 Posts |
I would love to buy them for that price. But the bank charges me $40 for sending money abroad..
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Valued Member
United States
429 Posts |
I would consider a couple of things before bidding:
1. What is the purpose of buying them?
2. How bad do you want them?
3. Is the actual price worth paying for?
If it is an auction then get there early and look at the different jars. You cannot open them but can look at the coins on the edges and get an idea of what dates are in there. After you look at them do some type of personal price break down and what you would spend for them. If you look at any price guide 1935-1958 in G4 condition are a nickel (5X face) and 1909-1934 are 25 cents to a couple of dollars for the same grade. So if you use this a break down you could expect to pay $25 a jar for recent dates and $50-100+ for older dates. Hopefully there are not many there bidding on them and you can get them for about face value, and if you are really lucky you can pick them up 2 for 1.
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Pillar of the Community
United States
7123 Posts |
Pennypinchers pricing is about right for wheaties in bulk .
but as always pay as little as possible and hope for the biggest profit as possible .
many of the cents have been searched for keys and semi keys but seldom have they been searched for varieties and errors which can bring a nice profit .
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Bedrock of the Community
United States
20753 Posts |
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Shipping copper international is currently prohibited in the US, I think, but I think it is possible to ship very small amounts, just don't know what the face value limit is.
And it is really important to know since it would be against the law to ship out more than the law allows. And everyone knows that once a law is passed, no more of those things happen. Sure wish they'ld pass a law against murder, robbery, rape, home invasions, etc around the Chicago area then all those crimes would stop. Meanwhile about that auction. Don't do it. Many, many dealers take all their really useless coinage and try auctioning them off, sight unseen. You wouldn't buy a car, home, boat, etc. sight unseen would you so why even coins? DON'T DO IT. |
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Replies: 14 / Views: 1,275 |
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Posted 08/06/2008 3:38 pm
