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 Replies: 14 / Views: 3,060 |
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Valued Member
United States
277 Posts |
Anyone ever buy bags of "searched" wheat pennies. I've done small $10 bags that have about $3.00 worth and found some cool stuff like IHC and 1909 LMC BUT I WAS wondering if its worth getting the 50lbs bag for $250 |
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Valued Member
Canada
311 Posts |
I have never done that but I think it is risky. Check out how many negative feedbacks received on ebay for sellers of "unsearched" wheat cents. Just think of how many semi keys you could buy with your $250. |
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Pillar of the Community
United States
7629 Posts |
I can go through 'searched' coins and find stuff all the time because I am convinced that over 75% of the sellers don't know how to look for any of what I look for. I am always finding good stuff in them. However, that being said, I don't find any key or semi key date stuff - it's always die varieties - which do have substantial value if you know how to find them, identify them, and resell them.
As for trying to fill albums by searching through bags - I think that's a waste of money.
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Valued Member
United States
373 Posts |
Wolverine - if you have $250 to spend, why not get one or two high quality BU gold or silver coins? Sounds like a better investment to me.
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Pillar of the Community
United States
3276 Posts |
I'd love a BU gold coin for $250!
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Valued Member
United States
373 Posts |
There's a 1907 $2.5 LIBERTY GOLD COIN CHOICE BU on ebay - buy it now for $285. I see four BU gold coins right now for $250 or less (although bidding hasn't ended on some of them). But, yes you can find a BU gold coin for around $250. Better to pay $250-$300 on gold or silver than search through hundreds of lincoln cents. |
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Valued Member
United States
373 Posts |
On ebay, there's an 1874 LIBERTY $1.00 GOLD COIN CHOICE ORIGINAL BU for $250 - "buy it now". |
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Pillar of the Community
United States
744 Posts |
anybody that believes that any unsearched bag of any size of wheat pennies is really "unsearched" is really is naive, it is my opinion that all wheats have been searched to some extent. i agree with coppercoins, I find many die varieties in bags of wheats I purchase and like him, no key or semi-key dates, alot of RPM's i pulled a 1944 D/S Coneca: OMM-002 from a $10.00 bag of wheats I bought from a dealer in Tampa Fl. in 2008, I paid I think $55 for the box some stuff can be found if like coppercoins said, you have to know what to look for  Edited by Wild Bill
02/09/2011 02:07 am
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Valued Member
United States
310 Posts |
I agree to some extent. They're all searched to some extent. I do believe some people when they say "grandpa's hoard" , but 100% of the time grandpa searched them all back in 1958, so yeah you won't find a 1909 s vdb, etc.
maybe unsearched in 50 years would be a better description. Of course other others just outright lie saying unsearched.
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Pillar of the Community
United States
3592 Posts |
To get back to your original post,what are you looking for ? The price doesn't sound bad for wheats as long as you're not expecting key dates and just want to search for varieties.But remember you can get pennies at the bank to search for face value.And there is alot of stuff to be found. Check the thread "Cool Lincoln Roll Finds" once
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Valued Member
 United States
277 Posts |
Thanks for the input. I have no doubt all the bags are searched but I wanted to get opinions and the fact that no one has said "yes!! Get as many as you can afford." Has made up my mind. I'll continue with bank boxes and the $10 bag here and there.
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Pillar of the Community
United States
7629 Posts |
Wolverine - You re more or less safe that way because for the most part you haven't paid over face value for what you are looking through, and if it's fun for you it's all good. The one thing I might suggest is to learn what to look for in die varieties so you can at least profit from your searches and chance being able to buy the better date coins you would like to have. I have known MANY people to find $100 coins (or better) in modern pocket change just by knowing what to look for and keeping their eyes and minds open. This can add up to you being able to buy the 1914D or 1909S cents you want without having to use your paycheck to do it! Just a thought.
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New Member
United States
28 Posts |
I have been searching bank rolls and customer dumped pennies from one of my local banks. I am curious to know what are some good resources to find some of these varieties that are out there. I have the CherryPickers Guide to rare die varieties of US coins. It is the Half Cents to nickels that I have. Any other info would be very helpful I think I am burnt out on searching halves since my findings have gone down dramatically. So it looks like I need to reinvent what I am searching to fund the key date coins I need to finsh out my wheat set. |
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Pillar of the Community
United States
7629 Posts |
The most comprehensive website on Lincoln Cent die varieties on the internet...happens to be my website: www.coppercoins.com |
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Valued Member
United States
201 Posts |
I know of a dealer who sells "unsearched" bags of $50 face in wheats for $210, shipped. Told me they're not really unsearched. They search the albums they get in and pull the key dates, but all rolls go right in. So if there happens to be a key or semi-key in a roll, it'll end up in the bag.
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Replies: 14 / Views: 3,060 |
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Posted 02/08/2011 5:42 pm
