Ebay Question

http://www.parkpennies.com/penny/penny.htm 145 Unsearched Wheats are pretty much an endangered species....if not extinct. (unsearched for key dates) Now I believe that you may find wheats that have been unsearched for varieties. I have over $100.00 of wheats that I've pulled from circulation over a 35 year period. I know that there are NO key dates...but I've never looked for varieties.

I purchased a lot of "truly unsearched" Lincoln Cents once just to see what the scam was all about. He claimed he had "barrels full" and had no time to search through 100,000+ cents. He supposedly takes an ice scooper, and pours them into a bag (unsearched of course) and ships them to you. I cannot remember but it must have been 500 or so LWC's. I came across a few 1910,1918-D,1919,1921,tons of 1957 & 1958 RD's. There was absolutely nothing even remotely resembling a key date. He also had in his description "see what people have been finding": 1909-S V.D.B.,1914-D,1955 DDO, 1924-D AU+ and so on. Bottom line is if it's on ebay, they have been searched. Don't believe any of these sellers.

There is actually one seller on ebay that has rolls that look like they were found 60 or 70 years ago in grandmas attic that have an IHC on one end, and exactly, a 1909 or 09 V.D.B. on the other. He has several of these for auction all with bids! Probably specifies "Absolutely no returns!" too. So when you open that roll, I would not be surprised to see 48 LMC's staring back at you!

Why did you agree to half?

NEVER trust "Unsearched" sales on ebay, the only way they are unsearched is by the fact you have not done it yet and everyone else has. If you are just stating out and want to add some coins to your collection, then go ahead and buy a few, but do not count on anything of value.

When I first started getting back into collecting four years ago, I started by getting some of these rolls and was happy with them at the time. If you look at the contents you will get about: 50% 1950's, 25-30% 1940's and the rest in lower dates. Again, if you are just starting, a great way to go but if you have most of your set, then stay away. Most of these rolls are just doubles or roll finds that someone has and is just trying to make a small profit off of them but there are some that will take complete advantage of you. Personally, I would stay away from the ones mentioned above, especially the ones with a IHC showing.

What I have learned from this board is to go back and check the purchase they have made over the last little while and see if they are just repackaging them to resell. I could not find the post, but some time ago a member showed the break down of a typical ebay seller. They first bought a bunch of paper rolls from one person, bought a ton of generic date wheat's from another and then bought some somewhat interesting dates that they would then seed the end of each roll. I am more than happy that they posted this because I always took it for face value of what people were selling and never checked their history, now I do it all the time.

I bought a few Wheat penny rolls to help fill holes in my collection. I only bought off live vendors, never ebay, and the couple I dealt with were up front about the range of dates I would find in the rolls. One of my favorite vendors actually rolled them himself. I was paying about $2.50 to $3.00 a roll. What gets me is the price people are paying at live auctions for wheat rolls. I actually watched a guy the other day pay $8.00 a roll.

Pennypincher
Thanks for the heads up, I am a newbie and don't anything about coins.
Economy is slow and was doing something to keep occupied, but I would like to get more involved and put some sort of collage together