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Help Assessing Value Of Wheat Hoard

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Maineman750's Avatar
United States
3592 Posts
 Posted 02/02/2011  9:40 pm  Show Profile   Bookmark this reply Add Maineman750 to your friends list Get a Link to this Reply
I buy bags that come out of a counting machine from my credit union..a standing order for $50 every week and sometimes they have a bag or two extra...in four months I've found 23 WAMS, (2) 88 RDV-006,(3) 72 DDO8's,(1)97 DDO1, (1)95 DDO1,various RPM's,8 rolls of wheats,and plenty of reds from the 50's,60's,70's....that's just what I remember offhand.I've sold two $100 bags of copper cents for $362 so everything so far has been at a profit.Hard to beat free.
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mdh157's Avatar
United States
952 Posts
 Posted 02/02/2011  9:49 pm  Show Profile   Bookmark this reply Add mdh157 to your friends list Get a Link to this Reply
His son is pretty smart.........kept the best stuff
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Rayman311's Avatar
United States
489 Posts
 Posted 02/02/2011  10:12 pm  Show Profile   Bookmark this reply Add Rayman311 to your friends list Get a Link to this Reply
I agree with mdh157. Son pulled all pre-40s?
I'd offer $50-60. If his son knew enough to pull those coins then what else did he sort and look for while he rolled them? Maybe I'm too cynical. Don't mean to offend anyone. Just my opinion.
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Drsandman2's Avatar
United States
1374 Posts
 Posted 02/02/2011  10:18 pm  Show Profile   Bookmark this reply Add Drsandman2 to your friends list Get a Link to this Reply
Yeah, good point. Think I will stay away from this one.
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Drsandman2's Avatar
United States
1374 Posts
 Posted 02/02/2011  10:28 pm  Show Profile   Bookmark this reply Add Drsandman2 to your friends list Get a Link to this Reply
By the way, I'm just now noticing that proofs are not listed on coppercoins? Or am I missing something?
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fenton's Avatar
United States
4989 Posts
 Posted 02/02/2011  11:19 pm  Show Profile   Bookmark this reply Add fenton to your friends list Get a Link to this Reply
Usually "old guys" who hoard wheat pennies are collectors and have already cherry picked the coins for any rare varieties. The fact that all are after 1940 is a warning sign; strongly suggests the original collector pulled out any teens, twenties, and thirties as well as any key coins.
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eaglefoot's Avatar
United States
6326 Posts
 Posted 02/03/2011  09:17 am  Show Profile   Bookmark this reply Add eaglefoot to your friends list Get a Link to this Reply
A Wheat cent is a Wheat cent, regardless of whether or not they're all in the '40's & 50's or not.
Since you have all of the rolls identified already.....there's no mystery or secret here......or anyone trying to fool someone here.
A "common date" average circulated Wheat Cent is always going to be worth SOMETHING over/vs. a "common date" average circulated Memorial Cent.
Any Wheat just warrants "some" value over face.

Again.....a Wheat cent is a Wheat Cent......identified common dates should be .02 to .03 Cents apiece....they're worth that at least, no more no less.

However, I do agree that if you feel this was a "collectors hoard", that has already been searched for the errors/varieties (let alone good dates or just quality coins), that you're interested in, then yeah, stay away from them.
A pile of "pre-searched" coins, even if bought at a good price, can just be annoying to have, if "searching them" is the whole point of the purchase vs. just simply wanting to add more Wheats/Copper to your collection.

Edited by eaglefoot
02/03/2011 09:28 am
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jdbarrick's Avatar
United States
350 Posts
 Posted 01/15/2015  9:35 pm  Show Profile   Bookmark this reply Add jdbarrick to your friends list Get a Link to this Reply
I would stay away. The fact that there are several rolls of a specific year and mm does not necessarily mean they were from a large lot to start from. If you buy a bulk bag of wheats you would be amazed how fast you can compile rolls by date and mm. If it's worth it to you then it is worth it, enough said. Good luck!
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cjspearsdog's Avatar
United States
405 Posts
 Posted 01/15/2015  9:48 pm  Show Profile   Bookmark this reply Add cjspearsdog to your friends list Get a Link to this Reply
barrick, If the op hasn't made up his mind yet I think he has a problem, considering this thread is 4 yrs old. lol
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jbuck's Avatar
United States
189325 Posts
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pawpaw34's Avatar
United States
331 Posts
 Posted 01/16/2015  11:27 am  Show Profile   Bookmark this reply Add pawpaw34 to your friends list Get a Link to this Reply
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