| Author |
 Replies: 20 / Views: 2,701 |
|
Valued Member
United States
129 Posts |
I've recently been looking into purchasing some bulk lots of LWC for fun and profit (if I'm lucky). Most of these would be unseen purchases as I'd be buying from all over the country. I know you never know what you'll get that way, but it's part of the fun. The thing is, I'm not sure what a decent price for wheaties would be. Any suggestions? |
|
|
|
Pillar of the Community
United States
2541 Posts |
I think this is a fun idea also, but of course many people will lable their bag of wheat cents as "unsearched from a 90 year old man's hoard!". So I would be careful and not pay to much. I would say to pay between 5 and 10 cents. The higher end of that should include a decent mix of pre-30s and S mints. If it doesn't, then it's not really worth it.
|
|
Valued Member
 United States
129 Posts |
Quote:
many people will lable their bag of wheat cents as "unsearched from a 90 year old man's hoard!" Yeah, but it's the "what if" I like about this. Quote:
I would say to pay between 5 and 10 cents. The higher end of that should include a decent mix of pre-30s and S mints. If it doesn't, then it's not really worth it.
Maybe it's just too early for me this morning, but that didn't make sense to me. Care to try again?  |
|
Pillar of the Community
 United States
5953 Posts |
In Simple terms
A poor mix of dates mostly 1940's and 1950's 4-5 cents per coin
A fair mix of dates 1920's to 1950's with a few teens 6-8 Cents per coin
A good mix of dates Pre 1930's with a large amount of teens and lots of different mint marks 9-12 cents per coin
Prices based on bulk purchased of 1,000 coins or more
many people will lable their bag of wheat cents as "unsearched from a 90 year old man's hoard!"
See this or statements like it and you will most likely get a bag of junk that has been searched for all the good coins.
Does this make sense?
|
|
Rest in Peace
United States
3039 Posts |
5 to 10 cents each is way too much for a bulk purchase. I'm sure all the "unsearched" lots are unsearched for the last 2 hours. Actually though, they are probably only searched for keys with no attention paid to varieties. A bulk lot seems like it would be a lot of fun (and effort) looking for varieties. Try to get them for 3 or 4 cents each if you can.
|
|
Valued Member
United States
129 Posts |
Nohope,
That makes perfect sense. The only problem is there's no way to know the date mix before hand :)
If I've done the math right it's about 150 cent's per pound right?
|
|
Rest in Peace
United States
3039 Posts |
I think the actual # is 146 copper cents and 181 zinc cents per pound. Don't forget too that right now there is over 2c worth of copper in every copper cent. If you can buy from a local dealer you will save a lot of shipping expense.
Edited by numismo
01/22/2010 09:43 am
|
|
Pillar of the Community
United States
5953 Posts |
146 (145.8) wheats = 1 pound
If you don't know the mix and the seller can't tell you then assume the worst...Offer the lower price
|
|
Pillar of the Community
United States
3640 Posts |
On average it is 144/145 ea. per pound.
1000 ea. weigh 6 lbs. 12 ozs.
|
|
Pillar of the Community
United States
2600 Posts |
Hey guys, I currently have about 2500 LWC and I will throw in another couple hundred S mints along with a hand full of teens and 20 and will make sure it includes a couple of 1909 and 1909 VDB cents. These are all unsearched and I will be 90 years old someday. I will take .10 each. any takers? Jim hehehehehehe |
|
Pillar of the Community
United States
5953 Posts |
I think I'll wait and see if you get to 90.....Then take you up on the deal.
|
|
Pillar of the Community
United States
2602 Posts |
I think 5 cetns apiece for decent mix is a good price. I would not go higher than 7 cents even for a really good mix.
|
|
Valued Member
United States
129 Posts |
Alright, sounds like I have the information I needed. Thanks for the replies.
|
|
Valued Member
United States
141 Posts |
many people will lable their bag of wheat cents as "unsearched from a 90 year old man's hoard!" See this or statements like it and you will most likely get a bag of junk that has been searched for all the good coins. Does this make sense? Hey NoHope good statement, I recently bid on a unsearched bag of (Wheats, Buffalos,Small Cents and Liberty Dimes On E-Bay from (Penniesandmore) The picture provided on e-bay showed a lot of coins spread in a box, all mentioned above in folders with no dates shown (UNSEARCHED) I bought 5 bags, getting a bag free (100 cions per bag) and believe it or not all the folders had dates on them. In short I received about 600 coins over 400 of them the same 4-5 year dates, 100 Buffalo nickels, not one readable date, and 5 small cents dated around the 1890-1907 range. I contacted the seller and in short he said to ( Have A Happy New Year) You live, you learn and be careful of the unforseen |
|
Valued Member
United States
129 Posts |
It's true, you never should expect unsearched lots. Unfortunately, most people are just dishonest about that, but, like I said, it'll be fun to go through some |
|
Pillar of the Community
United Kingdom
1682 Posts |
Pocket change, once you become an established member here, you can check out the buy/sell/trade forums.
A few members have sold wheats will be probably be the closer to unsearched that you will be able find via other sources.
Last ones that I recall was 2000 cents offered for $98 shipped. This comes to just under 5 cents per coin or even less if you don't include the cost of shipping.
I would have purchased some, if I still lived in the US.
|
| |
Replies: 20 / Views: 2,701 |
Posted 01/22/2010 09:24 am
