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 Copper Penny Bullion Investing
 Shiny Wheats
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biglouddrunk
Penny Sorter Member


86 Posts

Posted - 08/05/2009 :  00:08:47  Show Profile Send biglouddrunk a Private Message  Reply with Quote
Since I've started sorting I've found about 3 Wheats that look like shiny brand new pennies. What do you guy do with with your to condition wheats? Are they worth a big premium? Do you sell them on ebay, get them graded, or hold onto them?

HoardCopperByTheTon
Administrator



USA
5238 Posts

Posted - 08/05/2009 :  00:12:12  Show Profile Send HoardCopperByTheTon a Private Message  Reply with Quote
They go in the shiny pile.


If your percentages are low.. just sort more. If your percentages are high.. just sort more.

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Gr33nday43
Penny Hoarding Member



Uzbekistan
884 Posts

Posted - 08/05/2009 :  00:22:23  Show Profile  Send Gr33nday43 a Yahoo! Message Send Gr33nday43 a Private Message  Reply with Quote
Depends...luster does not mean lack of wear. Anyone can get an vg coin and artificially shine it, giving it the appeareance that is similar to the luster of a MS-63 coin, for example.

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HR 1207 - 313 Cosponsors 72% of house
S 604 - 30 Cosponsors 30% of Senate

Audit the Fed amendment has passed committee!

"My friends, we live in the greatest nation in the history of the world.
I hope you'll join with me, as we try to change it." -- His Excellency Barack Hussein 0bama, Head of Government,
Duce of Socialism, and Founder of the Empire.

Alcohol didn't cause the high crime rates of the '20s and '30s, Prohibition did. And drugs do not cause today's alarming crime rates, but drug prohibition does. – US District Judge James C. Paine, addressing the Federal Bar Association in Miami, November, 1991

http://coppermillions.blogspot.com/
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dakota1955
Penny Hoarding Member



800 Posts

Posted - 08/05/2009 :  08:13:40  Show Profile  Send dakota1955 a Yahoo! Message Send dakota1955 a Private Message  Reply with Quote
That is where I put them also is in shiny pile to be looked at later.
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Mikep2020
Penny Pincher Member



USA
205 Posts

Posted - 08/05/2009 :  08:24:59  Show Profile Send Mikep2020 a Private Message  Reply with Quote
The really shinny mint looking wheats I find go into 2x2 flips, and I keep them in a 3 ring binder. They are worth more than regular dull wheats, but it depends on the date and mintmark.
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daviscfad
1000+ Penny Miser Member



USA
1300 Posts

Posted - 08/05/2009 :  09:34:56  Show Profile Send daviscfad a Private Message  Reply with Quote
i throw my shinny wheats in with my wheats but i guess i should start a shinny pile!.i do have a shinny zinc pile

Inquiring minds want to know
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Cody8404
Penny Hoarding Member



USA
546 Posts

Posted - 08/05/2009 :  09:50:33  Show Profile Send Cody8404 a Private Message  Reply with Quote
Common wheats in one tube, old, shinny or possibly valuable go in another. When I get time I will go back and look them over again.

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highroller4321
1000+ Penny Miser Member



USA
1971 Posts

Posted - 08/05/2009 :  09:56:42  Show Profile Send highroller4321 a Private Message  Reply with Quote
It really all depends on the date and mint mark of the wheat. If its a BU 1958 or 58 D than its just worth wheat cent price because there are millions and millions of those out there. If its a better date or in the teens or twenties than I would probable put it in a flip.

Copper penny Investing
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PennySaved
Penny Collector Member



359 Posts

Posted - 08/05/2009 :  10:24:39  Show Profile Send PennySaved a Private Message  Reply with Quote
I've been putting mine in 2x2 folders

I asked a local coin dealer and he said for 50's common dates that are MS63 that he would pay 75 cents a piece.

I noticed in his cheap coin bin that he has beautiful red common date wheat pennies selling for $1.

I noticed on APMEX they sell them for 75 cents to 99 cents it looks like.
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PennySaved
Penny Collector Member



359 Posts

Posted - 08/05/2009 :  10:30:17  Show Profile Send PennySaved a Private Message  Reply with Quote
While on the subject of shiny wheats, are you guys doing the same with your shiny 1960's pennies? Looks like on APMEX they are selling for 29 cents a piece. I'm sure over time those are going to be harder and harder to find too. Are you just keeping them stored separate or do you actually put them in 2x2 holders?
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Gr33nday43
Penny Hoarding Member



Uzbekistan
884 Posts

Posted - 08/05/2009 :  21:06:41  Show Profile  Send Gr33nday43 a Yahoo! Message Send Gr33nday43 a Private Message  Reply with Quote
I leave them with the rest of my copper. I separate wheats, but that's it. One day I'll have the
joy of being able to search through all of my hoard looking for errors and valuable dates in the future.

Rand Paul for 2010 KY Senate Race - http://www.randpaul2010.com

HR 1207 - 313 Cosponsors 72% of house
S 604 - 30 Cosponsors 30% of Senate

Audit the Fed amendment has passed committee!

"My friends, we live in the greatest nation in the history of the world.
I hope you'll join with me, as we try to change it." -- His Excellency Barack Hussein 0bama, Head of Government,
Duce of Socialism, and Founder of the Empire.

Alcohol didn't cause the high crime rates of the '20s and '30s, Prohibition did. And drugs do not cause today's alarming crime rates, but drug prohibition does. – US District Judge James C. Paine, addressing the Federal Bar Association in Miami, November, 1991

http://coppermillions.blogspot.com/
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biglouddrunk
Penny Sorter Member



86 Posts

Posted - 08/06/2009 :  01:23:43  Show Profile Send biglouddrunk a Private Message  Reply with Quote
I am starting to get enough wheats to start a 09 to 09 collection maybe I'll put these wheats in there of the shiny wheats I've gotten all are common dates 40's and 50's. One of these shiny cents appears to have no marks or anything and really looks like an 2008 may I'll put that one in a sleeve.
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