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 Replies: 12 / Views: 2,604 |
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Valued Member
63 Posts |
I recently bought 2 rolls (50 each) of Wheat Pennies. 3,50$ for both at a Garage Sale. The dates range from 1935-1957. Was that a good deal? of course I checked for some key dates and double dies, unfortunately none
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Pillar of the Community
United States
721 Posts |
$3.50 for both rolls is a good deal. Each Wheat penny is worth at least 3-5 cents. You didn't go wrong. |
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Valued Member
United States
259 Posts |
Quote:Each Wheat penny is worth at least 3-5 cents. Is this true? I doubt common 1950's wheat pennies, which most of the rolls will likely be, are even worth 2 cents each, maybe 2.5. Maybe I've been away from it too long. Are sellers routinely getting 3-5 cents each for searched wheat pennies? |
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Valued Member
United States
139 Posts |
You have to go by the "copper" value also!
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Valued Member
 63 Posts |
The most common ones are 1957 and 1942
Edited by TheDepreso
05/17/2011 11:37 am
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Pillar of the Community
United States
594 Posts |
The copper in them has no value. You can't legally melt them and no one buys them to melt, with the exception of hoarders, who hope one day they can. Not worth saving for the copper, IMO.
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Pillar of the Community
United States
721 Posts |
Here's an ebay item for common 40's and 50's wheat rolls: http://cgi.ebay.com/8-Rolls-400-Whe...em43a6fc82a0For 8 rolls, there are currently 7 bids, the highest one right now is at $12.50. That's over $1.50 per roll. I see wheats being sold at auctions for $1.50 per roll minimum. |
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Valued Member
United States
259 Posts |
Since I have over 50 pounds of these sitting around the garage, it is instructive to me that people will buy 1940 and 1950's searched wheat pennies on e-bay for 3 cents each, and paay the shipping. I was wondering how I was gonna get rid of 'em.  What amazes me about that seller is he makes no pretense that "you may find a valuable penny from the 1910s, 20s or 30s in these rolls." |
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Valued Member
United States
66 Posts |
I'd say you got a good deal. $3.50 would be worth it to me just to take the chance someone missed a key date. I probably wouldn't pay that at a coin shop, but at a garage sale you never know what you may pull out of there.
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Pillar of the Community
United States
597 Posts |
true you cant melt the copper, but 90% silver is traded all the time. copper takes up a lot of room to store any good dollar amount so people don't regularly do it. I do see a day "not soon" that copper will be a premium and people who cant afford silver will trade copper cents by the bag.
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Valued Member
United States
289 Posts |
My local coin shop pays 3 cents for any wheat cents in any condition
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New Member
United States
29 Posts |
i think you did good but you should check your change cause today I found 3 wheat pennies 1943, 1939, and 1941 D
and in total I have over 25 pre-1959 wheat pennies and I found all in my change
(been searching for wheats almost half a year)
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Valued Member
United States
264 Posts |
hmm - maybe I should of purchased the rolls of wheats from the guy at the flea market today. He had 8 rolls at $4, and a roll of 43P and roll of 43D at $12 per roll. Tried to talk him down on the wheats to 2$ per but he wouldn't budge. To me his prices for coins overall was higher then the little coin shop that is always there so didn't go for them.
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Replies: 12 / Views: 2,604 |
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Posted 05/17/2011 09:58 am
