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 Replies: 14 / Views: 1,536 |
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Valued Member
United States
373 Posts |
Any suggestions on how to sell wheaties. I probably have a few thousand.
Of course they have all been searched.
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Pillar of the Community
United States
1571 Posts |
You leave the door open for more questions, than one can answer. You say they have been searched. For one type collector, that means they have been searched for varieties, and that will leave them about as closely checked as any coin will be. Another collector just collects RPM's. You get the drift. There are too many thngs that could be "included" in these cents, that they would be worthless to anyone but a bullion collector. In other words, all they want then for is melt value. The best way in my opinion, and some might agree, is to give an idea as to what you have, that they might need. There are many
"Newbies", that are just starting out, and would like to start filling their first album, or folder. They would want any dates that are there. Everyone knows there will not be the four keys, obviously, but maybe you have some dates that will fill a few holes. I used to but "wheat", by the ton, juust to see what all was in the bulk. I filled some folders, slowly, because not every batch will have the same dates, etc, ( unless it is "salted", then it ios a bad idea. You say tou have "a few thousand". It might interest you to know I have 20 boxes, under my desk, of solid date rolls, that have accumulated, from buying bulk wheats. Does this help answer your question?
Dick
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Valued Member
 United States
373 Posts |
They have mainly been searched for key dates. No 1922's..... or 1909 S VDB... but still they must have some worth to some collectors. I have not gone through every coin to check for errors.
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Pillar of the Community
United States
532 Posts |
Date range, mix ratio, and condition if averaged would be what?
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Valued Member
United States
373 Posts |
from 1909-1958, mostly 40's and 50's.....Good-XF, may be some AU.....
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Pillar of the Community
United States
532 Posts |
Sorry if I sound like I am splitting hairs but we are talking about the average. Maybe grab a handful or two, add the dates and divide by volume. This will tell you average date. Then ballpark some grades with rough estimates.
The lot averages 1954 G condition would be about 2x-3x face. If the lot averages something like say a 1941 VF condition then it is into the 10x face category.
See my logic, not really an exact scientific method but much easier to mentally imagine what is contained in your hoard when you pull an everage handful or two. Still a bit of a shot in the dark because it is just basing itself on your sample, but it is at least a place to start. No concrete method. It is just what I do it when buying bags or large lots. It has worked for me.
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Pillar of the Community
United States
4085 Posts |
I don't have as many wheaties as you do, but I've come to the following conclusions: 1) 40's and 50's wheaties are of little to no value to anyone unless they are in Red BU condition. I've been upgrading my Lincoln Cent set to Red BU back to 1940 (for now) and just throw the old ones into a bag. Nobody wants them. 2) 20's and 30's wheaties have a little value but there's no easy way to sell them because the transaction costs (sorting, mailing, PayPal, driving to the dealer even) outweigh the value. 3) Teens have some value if you can sell them in bulk or as a short set - i.e., 50 1917 or 1917PDS or 1916-20 S-mint or such. Or if they are in higher condition maybe individually. You might have some luck putting together starter sets and selling them, but you won't get a lot for them I don't think. Most people seem to need either the keys or semi-keys or are looking for higher grade coins. If you have earlier XF or AU coins, you might pull those out as they probably have some value. Ken |
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Pillar of the Community
United States
2589 Posts |
There are dealers that are willing to pay premium for wheats by the roll. Theres a dealer near me who will buy wheats at 70 cents a roll, but I've heard of some paying 2x face or more for rolls of random wheats. 500 count bags of random wheats go for around 20-23 bucks on ebay. 5000 count bags go for around 200-230. Those prices are for generic unlabled as unsearched lots of wheats. -XoG |
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Pillar of the Community
United States
6326 Posts |
Three to five Cents apiece is what they sell for around here. 40's-50's Wheats aren't the most desirable ones of course, but they still sell for that.........around Three Cents would be fair since it isn't a mixture of all decades I would think. Maybe throw in some "teens", "twenty's", and "thirty's" to make this a true mixture and then you can ask for more per average Cent in the lot. |
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Valued Member
United States
373 Posts |
Thanks everyone for the info...
Collecting wheaties is fun, but it seems to be hard to actually sell them for a profit.
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Pillar of the Community
United States
2541 Posts |
I'm pulling them out of bank rolls - mostly 40's and 50's but I have found a 1916 and 3 1917. My local dealer will buy them for 2 cents a piece, but I would probably only be making about $1.50 profit if I happened to sell them to him. My real thought is to put together a big batch for my son to hunt through if he is interested in coin collecting. I threw in a 1940 Canadian also since I figured that would be nice for him to find.
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Pillar of the Community
United States
625 Posts |
Have a yard sale and sell them for 5 cents each. Amazing how many people will buy them.
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Valued Member
United States
265 Posts |
I too have had trouble selling my Lincolns. I thought this would be the year that wheats would be hot and I held them for this reason. Good luck.
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Valued Member
United States
373 Posts |
What if I sold them in mixed lots because I don't have the paper rolls to roll them all up in.
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Valued Member
United States
406 Posts |
I had a hard time selling them in bulk for .04 each shipped. I have thousands and thousands that I just date checked, no loupe involved. I don't have enough patients to check for minor doubled dies, RPM's etc. Eventually My kids kids will have fun looking at them.
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Replies: 14 / Views: 1,536 |
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Posted 09/17/2009 03:10 am
