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1924 LWC

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scotty11's Avatar
United States
1042 Posts
 Posted 12/14/2010  8:55 pm Show Profile   Bookmark this topic Add scotty11 to your friends list Get a Link to this Message Number of Subscribers
1924-LWC

1924-LWC

Another one with a big price jump between VF and XF...

This looks XF to me, and I'm still confused as to why they'd dump it into a bag of mixed wheats. Am I missing something?
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The_Duke's Avatar
United States
1745 Posts
 Posted 12/14/2010  9:38 pm  Show Profile   Bookmark this reply Add The_Duke to your friends list Get a Link to this Reply
XF45
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cwb1877's Avatar
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1659 Posts
 Posted 12/14/2010  10:24 pm  Show Profile   Bookmark this reply Add cwb1877 to your friends list Get a Link to this Reply
I think this one makes EF40.


Quote:
I'm still confused as to why they'd dump it into a bag of mixed wheats.


Here's my speculation...
Time is money. From a business point of view, think about the manpower it takes to go through even just 1,000 wheats. Think about the expense of having an employee go through those coins. Even if your dealer doesn't have employees, he must still consider his own time.

I'm guessing your dealer likely bought these wheats in bags and is probably selling them just as he got them. It is just not cost effective to tie up manpower to sort through all those wheats to pick out a few cherries like the ones you are finding. In his eyes, it is better just to move them out, make his profit, and move on to the next. The idea is to keep turning over your stock. If he has the same coins in his store every time you go in, pretty soon you will quit going in. Besides, if you are finding a few cherries here and there, it keeps you coming back for more.
Edited by cwb1877
12/14/2010 10:26 pm
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BadThad's Avatar
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19968 Posts
 Posted 12/14/2010  10:51 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
Yep, I agree with CWB. Dealers take in wheat cents everyday. They usually just keep dumping them into bags. If they spot something that catches their eye, they might pull it and have a look, but to them most of it is junk.

EF-40
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coppercoins's Avatar
United States
7629 Posts
 Posted 12/14/2010  11:44 pm  Show Profile   Bookmark this reply Add coppercoins to your friends list Get a Link to this Reply
Yup, exactly...unfortunately.

Heck, what am I saying? I like dealers like that.
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penny man's Avatar
United States
659 Posts
 Posted 12/22/2010  9:30 pm  Show Profile   Bookmark this reply Add penny man to your friends list Get a Link to this Reply
EF 45
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