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


USA
422 Posts

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

barrytrot
Administrator



USA
721 Posts

Posted - 11/06/2009 :  17:08:42  Show Profile Send barrytrot a Private Message
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 Collector Member



USA
474 Posts

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

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



USA
6807 Posts

Posted - 11/07/2009 :  02:17:53  Show Profile Send HoardCopperByTheTon a Private Message
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.

Now selling Copper pennies. 1.6x plus shipping. Limited amounts available.
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Lemon Thrower
1000+ Penny Miser Member



USA
1588 Posts

Posted - 11/07/2009 :  06:27:54  Show Profile Send Lemon Thrower a Private Message
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.

Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X


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taijitu
Penny Sorter Member



74 Posts

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



USA
266 Posts

Posted - 11/07/2009 :  16:31:09  Show Profile Send AgCollector a Private Message
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
6807 Posts

Posted - 11/07/2009 :  21:04:39  Show Profile Send HoardCopperByTheTon a Private Message
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.

Now selling Copper pennies. 1.6x plus shipping. Limited amounts available.
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PreservingThePast
1000+ Penny Miser Member



USA
1572 Posts

Posted - 11/08/2009 :  07:34:51  Show Profile Send PreservingThePast a Private Message
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
Administrator



USA
721 Posts

Posted - 11/09/2009 :  15:43:29  Show Profile Send barrytrot a Private Message
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
422 Posts

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