Any Bulk Penny And Half Penny Buyers Out There?

To participate in the forum you must log in or register.

Author	Replies: 4 / Views: 1,180
David Graham Pillar of the Community Australia 1610 Posts	Posted 08/20/2025 4:58 pm OK, I'm hoping to get some insight into the mental processes of those who spend up on bulk pennies. Every month I see auction lots go for well above the scrap metal value. Now the kicker is, the lots are submitted by dealers, who, if you go to their tables, have albums full of pennies including key dates and varieties. There ain't no way those bulk pennies haven't been picked over by the dealer and probably many collectors before that so would not be expecting to get any valuable coins out of the auction lots. Soooo.... why do bidders pay good money for picked over bulk lots? Report this Post to the Staff

MachinMachinMan Pillar of the Community Australia 1985 Posts	Posted 08/20/2025 5:24 pm To on-sell them for even higher prices probably. Any genuine collector would steer well away from these lots. Report this Post to the Staff
David Graham Pillar of the Community Australia 1610 Posts	Posted 08/24/2025 5:17 pm So when will the penny bubble burst? Report this Post to the Staff
gxseries Pillar of the Community Australia 3831 Posts	Posted 09/03/2025 5:38 pm I guess why not? Sure they most likely do not have any valuable coins out here but it's the variety that makes them interesting. These were quite cheap some time ago. I've heard stories where many were melted down when metal prices were high. Even junk silver coins are worth a bit today. My partial coin collection http://www.omnicoin.com/collection/gxseries My numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htm Regularly updated at least once a month. Report this Post to the Staff
Allcoinage Pillar of the Community Australia 1510 Posts	Posted 09/05/2025 6:55 pm Only way to get unsearched penny/ half penny's is ask the public or find storage lot hoping you'll get a coin stash or go metal detecting, as for me I bought a great britain penny from a dealer and it was shocking. Report this Post to the Staff
	Replies: 4 / Views: 1,180

To participate in the forum you must log in or register.

All Forums Category: Australia, New Zealand, and South Pacific (Oceania) Coins and Currency Forums Forum: Coins, Bank Notes, and Paper Money: Australia, New Zealand, & South Pacific (Oceania)

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

View Last 100 New Topics

View Last 100 Active Topics

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use

Coin Community Forum

It took 0.25 seconds to rattle this change.