For buying, that's a little cheap. If you can get 4 to 5 cents its a pretty good price, but then again, buyer beware of "unsearched" Wheat cent lots. Many people have ended up with nothing but 40's and 50's from these.
Local dealers here in Madison buy them for 2.5 to 3.0 cents each, so 1.5 to 2.0 is on the low side. Dealers here sell them to the public for 5.0 cents each, and 3.5 to 4.0 cents each to other dealers.
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