Did I Do It The Wrong Way ?

I think your listing looks OK.

Without any "showcase" coins to mention, I think the majority of the people are going to bid on copper weight (about 2.5 cents each) or typical wheat price (around 3-4 cents each).

668 coins @ *about* 4 cents each = $26.72

If they are sensitive to your shipping costs, they may throw in another $5. So, unless you get someone who wants this lot REALLY bad, I wouldn't expect it to go too much higher.

I hope I'm wrong for your sake. But, that's how I see it. I personally wouldn't bid more than about $35 for the lot.

I took a look at the actual auction and I think the current bid price is close to (and reasonable) for that's being offered at this time.

I typically see circulated wheats valued at about $0.04 each excluding any of the key and semi-key dates. I personally would not pay $0.04 though but shoot for $0.03 when buying.

Here are some very rough estimates:

8 Indian Head x $1.00 = $8.00
12 Steel cents x $0.30 = $3.60
650 Wheats (disregarding Canadian) x $0.04 = $26.00

Total = $37.6 in a very generous estimate.
You do still have 2 days left and 7 bids already. It the last day where the magic always happens.

Also, things like the Indian Heads and Steelies are getting buried in the wheats. If they were sold separately you'd probably be able to get more of them id you did say 2 lots of 6 steel and 2 lots of 4 Indian head. If there are any valuable coins such as key dates in there you might want to specifically mention them in the auction.

Give it time. It'll work out. If you have 7 bids I'd think there's enough eyes on it to get a respectable bid for what it's worth.

I didn't look at your add but I think this doesn't add up right.


That comes out to be about 20,400 coins.


But think of how much it could be if it was 20,400 @ $0.04 each.

I think the big question is how much were you expecting ? I think the estimates gievn so far are a bit low..my guess would be more like $45.

Thank you everyone for your comment and advice ....like most beginners I spent countless hours opening penny roll after penny roll ...probably a good 100 boxes worth and I found you get between 7-12 wheats per box...that is alot of boxes and time for the 15.00 bucks that my lot was stuck at for awhile lol...i have since moved on to 1 oz silver bars and rounds and what a time to "grow up" in the coin community...silver is crazy lol...much more exciting than the unrolling of hundreds of thousands of pennies ..Don't get me wrong ...i will still drool at a vdb s.....anywho....my next feat will be to try and sell my proof(clad) collection of about 350-400 pieces..all types....full nickel proof set from 1954-2011 plus about a hundred doubles...full 1999-2011 quarters and a bunch more ....wanna sell and get silver ...got all the 2011 silver there is to get from most all the countries that makes them....sorry ramblin on ...anywho thanks for all the insight on my auction and wish me luck on this and my next one.....

sold for $54.00 thanks everyone!!:)

pick up one the coins. flip it to the side without a date. what's it say in the largest letters?

ONE CENT

very good.

Lots of people collect wheat cents

Quite a few collect Canadian cents

Some like Indian cents

You're selling something called (repeatedly) pennies. At first, I thought you had some British coins for sale, but they only make a penny and pence, no pennies.

Anyone searching for cents won't find your listing, because even though every coin tells you it's ONE CENT, and you offer three holders for Lincoln cents, you never once tell people you're selling cents.

And what is/are:
X TOTALs
X WHEAT PENNIES
X INDIAN HEAD PENNIES
X 1943 STEELIE AND
X KINGs? Former pennies that turned into cents?

You mention the number, the X is meaningless.

I think you got a pretty good price. Think how much better you'd have done if interested bidders knew what you were selling.