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 Replies: 15 / Views: 4,942 |
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Pillar of the Community
United States
1151 Posts |
My local coin shop is running a sale on a pound of wheat pennies for $10.95. Do you guys think this is a fair price,and should I buy it?
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Pillar of the Community
United States
543 Posts |
Sounds very steep assuming its going to be mainly common 1940s and 1950s dates. What other stipulations come with that price tag? As of a few years back, the coin shop in my area had them going for four cents a piece buying at least $40 worth. I figure that would probably be a nickel apiece now whereas I know a man who says five cents apiece is the norm. That would be roughly ten cents per Wheat penny. They're not quite worth that much if they are common dates in average condition. |
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Pillar of the Community
 United States
1151 Posts |
That is true. A ound of wheat pennies is about 150 pennis right?
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Pillar of the Community
United States
4132 Posts |
How many cents is that, like 150? Seems kinda steep. It would take me about 10 boxes from the bank to find that many, but that would only cost me $1.50 plus some time.
Edited by CaptainFwiffo
06/26/2011 6:57 pm
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Valued Member
United States
296 Posts |
Yes, there are about 150 copper U.S. cents to a pound, give or take...
That works out to over 7ยข each.
Edited by Bowfin
06/26/2011 7:09 pm
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Pillar of the Community
United States
1151 Posts |
So should I buy it or not?
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Pillar of the Community
United States
4132 Posts |
I would not unless you have some particular reason to believe there are gonna be some good ones in there.
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Pillar of the Community
United States
1151 Posts |
I dont have any reason to believe that there are some good one in there besides the fcat that they give you original bank rolled wheat pennies
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Valued Member
United States
81 Posts |
I think that is quite high, does he tell you the range of dates included? My coin dealer sells rolls for $ 1.50 - $ 2.50 depending on the date range. The $ 2.50 rolls contain 09s - 20s and they are mostly common dates Good to very good.
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Pillar of the Community
United States
4541 Posts |
not to turn this into a for sale thread but I have some for 4 cents each and 7 cents is steep. so once you have been here the proper amount of time shoot me a email if interested
Edited by daviscfad
06/26/2011 9:32 pm
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Pillar of the Community
United States
860 Posts |
There are several forum members I have bought LWC from, and have been happy with the results. They says they are not searched and I believe it. The 40s and 50s will always be dominant in any sack, but it is the rest that amke it nice. Also since few carefully look at the 40s and 50s miss many varieties in decent condition. |
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Pillar of the Community
United States
619 Posts |
7.5 cents per coin is rather high. You find better deals here on CCF. If half the lot was pre-1940 then go for it.
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Valued Member
United States
439 Posts |
I have about 35 lbs of 40s and 50 wheats that I would let go of for 3 to 4 cents.I seperated them with the intention of looking through them but never did.
The dealers price is too rich. I wouldn't pay that much.
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Pillar of the Community
United States
1151 Posts |
I am starting to get into Wheat penny collecting witht the intention to get at least a couple from each year of the Wheat cent. |
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Valued Member
United States
259 Posts |
I thought it was about 135-150 to a pound. That would make those about 7 or 8 cents each. That's way over the going rate for wheat pennies. Of course it's always remotely possible the bags will contain a good one or two. You have to ask yourself "do I feel lucky?"
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Pillar of the Community
United States
2541 Posts |
See if you can get a look at what's in there first. If all you see is 40's and 50's, then as many others have said - stay away. When I first started collecting a few years ago I picked up a pound for $9.95 and I got stuff all the way back to 1909 and the teens, so I was pretty happy with it.
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Replies: 15 / Views: 4,942 |
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Posted 06/26/2011 6:56 pm
