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Is It Worth It?

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Author Previous TopicReplies: 13 / Views: 1,751Next Topic  
Valued Member
SilverTurtle's Avatar
United States
371 Posts
 Posted 05/20/2010  6:25 pm Show Profile   Bookmark this topic Add SilverTurtle to your friends list Get a Link to this Message Number of Subscribers
A Seller on ebay is selling "Unsearched" Boxes containing 50 Rolls of 50 Wheat Cents, as well as Indian Heads, etc.

http://cgi.ebay.com/50-ROLLS-Unsear..._7258wt_1137
Valued Member
United States
84 Posts
 Posted 05/20/2010  6:28 pm  Show Profile   Bookmark this reply Add MeauxSzyslak to your friends list Get a Link to this Reply
ebay link isn't working...
Pillar of the Community
Namachieli's Avatar
United States
2120 Posts
Valued Member
SilverTurtle's Avatar
United States
371 Posts
 Posted 05/20/2010  6:30 pm  Show Profile   Bookmark this reply Add SilverTurtle to your friends list Get a Link to this Reply
I've tried other links on the forum and they seem to be having the same problem - try copying the link into the Address bar and deleting everything before the word ebay.
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Namachieli's Avatar
United States
2120 Posts
 Posted 05/20/2010  6:52 pm  Show Profile   Bookmark this reply Add Namachieli to your friends list Get a Link to this Reply
price for a common 40's - 50's wheatie at a dealer = 5c

$25 face in 1c = 2500 cents.

2500 x 5c = $125.00

So if you were to receive all 1940-1950 wheaties it would only worth $125-ish.

that's a difference of $45 + $15 shipping so $60.

If you find any actual low mint dates, Errors, XF's, AU's, etc. you could maybe, MAYBE, break even.

Is it worth it? probably not.

Same seller is selling smaller lots of 5 rolls
http://cgi.ebay.com/ws/eBayISAPI.dl...260574810487

same math, puts it at $12.50 with a difference of $6.50 + $6 shipping = $12.50

for bulk comparison sake lets see how that equates to the box.

250 coins x 100 = 2500 coins - 12.50 x 100 = $125. so its exactly the same cost comparison.

However the seller gives a bonus on the single rolls

Every 3rd Lot Earns 1 Roll Free
Buy 3 Lots - 15 Rolls + 1 BONUS roll FREE = 16 Rolls
Buy 6 Lots = 30 Rolls + 2 Free Rolls = 32 Rolls
Buy 9 Lots = 45 Rolls + 3 Free Rolls = 48 Rolls
Buy 99 Lots = 33 FREE ROLLS

but you add a $1.29 for each 5 rolls.

you have to buy 10 lots to equal out to a box (its actually a little over a box worth, 53 rolls)

so have now paid $189.90 + 17.50 in shipping = $207.40

so $184.44 for 50 rolls in a box or $207.40 for 53 rolls (roughly $5/roll for the extra 3).
which really equals out to .073 cents per Wheatie with the box, or .078 cents per wheatie with the individual rolls.

Man those free rolls are such a great deal. HAHA

Honeslty, if you are ok with paying 7 cents for 2500 40's - 50's wheaties.. then yes its worth it. Cause if you do buy it just assume thats all you'll find... that way you only win.

Now the real question... Can I resist buying a box after all that math. LOL
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Namachieli's Avatar
United States
2120 Posts
 Posted 05/20/2010  6:58 pm  Show Profile   Bookmark this reply Add Namachieli to your friends list Get a Link to this Reply
Also, most of his auctions in the last few months have been "UNSEARCHED XXXXX"

so yea....

I might buy a box for the heck of it though.. hahah having no house payment is awesome!
Valued Member
SilverTurtle's Avatar
United States
371 Posts
 Posted 05/20/2010  7:11 pm  Show Profile   Bookmark this reply Add SilverTurtle to your friends list Get a Link to this Reply
May give it shot eventually
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Namachieli's Avatar
United States
2120 Posts
 Posted 05/20/2010  7:11 pm  Show Profile   Bookmark this reply Add Namachieli to your friends list Get a Link to this Reply
What I might do is buy a 3 roll, see if its at least decent.. then maybe buy a box.
Valued Member
needgames4lyfe's Avatar
United States
323 Posts
 Posted 05/20/2010  7:35 pm  Show Profile   Bookmark this reply Add needgames4lyfe to your friends list Get a Link to this Reply
well, I think it is normal that these are not really unsearched - there have been discoussions about this. So maybe there will be a *few* worthwhile coins that slipped throuhg (or where put there for positive feedback) but chances are you dont break even
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Namachieli's Avatar
United States
2120 Posts
 Posted 05/20/2010  7:38 pm  Show Profile   Bookmark this reply Add Namachieli to your friends list Get a Link to this Reply
Well I would put up money that out of 100 "Unsearched" auctions, there are at least one or two legit unsearched rolls/lots. its not about hitting it big on a random buy, its about minimizing your losses on every purchase, and then if you do hit it big, it pays off even better.

kinda like gambling. lol
Locked
822 Posts
 Posted 05/22/2010  9:24 pm  Show Profile   Bookmark this reply Add scubu to your friends list Get a Link to this Reply
And this guy gets negged from buyer gulfcoastpetsupplies, since he can't leave a neg for the buyer, he goes and buys something from the guy and negs him back that way. Class act.
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j_h_s's Avatar
United States
1934 Posts
 Posted 05/23/2010  09:43 am  Show Profile   Bookmark this reply Add j_h_s to your friends list Get a Link to this Reply
I want the roll that had, "...a 1966 Indian Head showing."
Valued Member
SilverTurtle's Avatar
United States
371 Posts
 Posted 05/23/2010  10:34 am  Show Profile   Bookmark this reply Add SilverTurtle to your friends list Get a Link to this Reply
Yes, maybe there will be some 1958 Flying Eagle cents or some 2009 S VDB Lincolns.
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wheatguy's Avatar
United States
1534 Posts
 Posted 05/23/2010  1:18 pm  Show Profile   Bookmark this reply Add wheatguy to your friends list Get a Link to this Reply
Think about it this way: Even if the rolls are completely and truly unsearched, the vast majority will most likely be common dates, since most wheat cents produced are from the 40's and 50's, which have the highest mintage figures. Don't buy these rolls in the hopes of finding a key or semi-key. There is a slight possibility of finding a rarer date, but if you're trying to finish a LWC set, then you'd be better if buying the individual dates.
Edited by wheatguy
05/23/2010 1:19 pm
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