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 Copper Penny Bullion Investing
 Average price for wheat pennies?
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Dan52
Penny Collector Member


USA
415 Posts

Posted - 11/06/2009 :  17:05:16  Show Profile Send Dan52 a Private Message  Reply with Quote
I was just wondering what a typical, non-key date, wheat penny sells for?

barrytrot
Penny Collector Member



USA
403 Posts

Posted - 11/06/2009 :  17:08:42  Show Profile Send barrytrot a Private Message  Reply with Quote
4 cents including shipping is a good basis point. I generally buy all I see at that level, although I'm not buying now. But at 4 cents each including shipping you will eventually find a buyer.

Under 4 cents the number of buyers greatly increases with each 0.1 cent reduction.

Over 4 cents the number of buyers greatly decreases with each 0.1 cent increase.
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Dumpster Diver
Penny Pincher Member



205 Posts

Posted - 11/06/2009 :  17:37:25  Show Profile Send Dumpster Diver a Private Message  Reply with Quote
Barry stop posting and go buy something...

"You're not really gonna throw that out...are you"?
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HoardCopperByTheTon
Administrator



USA
5165 Posts

Posted - 11/07/2009 :  02:17:53  Show Profile Send HoardCopperByTheTon a Private Message  Reply with Quote
Searched or "Unsearched?"

Maybe somebody should offer to sell Barry a bag for $150. I think he is about right on pricing.

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

Let me see if I understand this? If you cross the North Korean border illegally, you get 12 years hard labor; the Iranian border illegally you are detained indefinitely. If you cross the US border illegally, you get a driver’s license, a social security card, welfare, food stamps, free health care!



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Lemon Thrower
Penny Hoarding Member



USA
898 Posts

Posted - 11/07/2009 :  06:27:54  Show Profile Send Lemon Thrower a Private Message  Reply with Quote
i'll buy at 4 cents if i think there are some pre-1940 cents in there. if its all 40s and 50s, i'd say 3 cents.
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taijitu
Penny Sorter Member



37 Posts

Posted - 11/07/2009 :  16:05:46  Show Profile Send taijitu a Private Message  Reply with Quote
I get mine for 1cent
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AgCollector
Penny Pincher Member



USA
200 Posts

Posted - 11/07/2009 :  16:31:09  Show Profile Send AgCollector a Private Message  Reply with Quote
quote:
Originally posted by taijitu

I get mine for 1cent



But, how many can you get at that price?!
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HoardCopperByTheTon
Administrator



USA
5165 Posts

Posted - 11/07/2009 :  21:04:39  Show Profile Send HoardCopperByTheTon a Private Message  Reply with Quote
You can get all you want at that price. You just have to "sort more!"

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

Let me see if I understand this? If you cross the North Korean border illegally, you get 12 years hard labor; the Iranian border illegally you are detained indefinitely. If you cross the US border illegally, you get a driver’s license, a social security card, welfare, food stamps, free health care!



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PreservingThePast
Penny Hoarding Member



USA
663 Posts

Posted - 11/08/2009 :  07:34:51  Show Profile Send PreservingThePast a Private Message  Reply with Quote
quote:
Originally posted by HoardCopperByTheTon

You can get all you want at that price. You just have to "sort more!"



And, to me, that is absolutely the most enjoyable way to increase my wheat count!!!

One of the last rolls I have gone through so far in the large old roll lot I got at the bank and am slowly working my way through contained SIXTEEN decent wheat pennies and one that was damaged. The damaged one looks to be about the thickness of a normal penny; however, I believe it to be two wheat cents glued together. I can't seem to get them apart, though. One side is a 1952 D and the other side shows a 1952 S. That part upset me as I rarely find any S wheats.

Enjoy.
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barrytrot
Penny Collector Member



USA
403 Posts

Posted - 11/09/2009 :  15:43:29  Show Profile Send barrytrot a Private Message  Reply with Quote
quote:
Originally posted by Lemon Thrower

i'll buy at 4 cents if i think there are some pre-1940 cents in there. if its all 40s and 50s, i'd say 3 cents.



Even if it is 100% 40s and 50s you can easily get 4 cents each with hardly any effort. Less buyers but still some out there all the time on eBay, etc.
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Dan52
Penny Collector Member



USA
415 Posts

Posted - 11/11/2009 :  13:50:23  Show Profile Send Dan52 a Private Message  Reply with Quote
Thanks for the input.
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