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37 Posts |
 Posted - 03/28/2007 : 11:46:28
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A few questions;
Do most all coin dealers pay 2 cents for a common wheats?
What is the most you have ever recieved for your "common" wheats?
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 03/28/2007 : 12:21:27
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| Unsearched common wheat pennies are selling for like an average of $3.00 a roll on E-Bay. If you sold them on E-Bay you would get a minimum of 2 cents each plus enough to cover shipping and fees. Assuming that you didn't try to sell them one at a time:) |
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37 Posts |
Posted - 03/28/2007 : 15:06:56
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Amazing, simply amazing.
Where is this market going in the next 5-10 years? |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 04/02/2007 : 02:19:51
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quote:
Originally posted by SNOOPY
A few questions;
Do most all coin dealers pay 2 cents for a common wheats?
What is the most you have ever recieved for your "common" wheats?
I actually pay 3 cents a coin. Best if you are shipping large quantities.. you can use the 8.10 USPS Flat rate box.
"Preserving coinage.. 2 tons at a time"
M48/14USCA:US1Cu659700:US5Ni20560 |
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37 Posts |
Posted - 04/03/2007 : 13:56:13
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| Thanks |
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13 Posts |
Posted - 04/09/2007 : 22:01:05
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quote:
Originally posted by SNOOPY
Where is this market going in the next 5-10 years?
I'm personally bearish on wheaties. These things were produced for 50 years. In comparison, the regular coppers were produced for 25 years, and we're still pulling 25% out consistently. There are some serious hoards of wheats out there.
Now, figure the youngest people that collected these hoards were 16 years old in 1958/59 when they had spare money to buy rolls from the bank. They are now at least 63 years old and entering the twilight years of their lives. They've also accomeulated significant assets so that the pennies aren't very much of their net worth. As they pass on, their kids will not take the time to get a bunch of pennies appraised when there is a house/retirement/insurance/etc, and monetize them quickly without doing the research to find if there is any value in them.
I wouldn't be surprised if Wheats start flooding the market, and the Wheats & 1959-1982s start trading with equal premiums in 5-10 years. Actually it's conceivable that the later coppers trade at a premium, since there were fewer of them made. I sell my wheats on Ebay as soon as I collect a full roll, figuring I'll be able to get as many as I want in 10 years or so.
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In the land of the blind, the one-eyed man is King! |
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just carl
Penny Hoarding Member
USA
601 Posts |
Posted - 04/12/2007 : 16:41:48
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Note that although Wheat Cents are basically common, there are numerous errors and varieties of the common ones. This is becoming a truly big thing at coin shows. For instance check out coppercoins.com web site. You would be amazed at how many different ones there are for the common dates.
Carl |
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Common "wheaties" value?
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