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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
 Posted - 01/06/2010 : 11:56:24
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How much of an affect does the increase in copper price play on the value of common date wheat pennies?
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SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 01/06/2010 : 12:03:47
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| hard to say. i've been on this for almost 2 yrs. today, if you can get wheats at 4 cents its probably a good deal. getting hard to find at that price. a year or 2 ago you could probably get all you wanted at 3 cents and could find them for 2.5 cents. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 01/06/2010 : 12:04:58
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| btw, i think the real impetus to price increases will be the discontinuation of the penny. once the stop making pennies, and you can no longer get them from banks, wheats will probably be a dime a piece or more without any increase in copper prices. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 01/06/2010 : 12:07:39
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| I asked at my local coin store and they never have any common date wheats to sell. As soon as they get them, they sell them (I guess some guy has a standing order). |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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misteroman
Administrator
USA
2565 Posts |
Posted - 01/06/2010 : 12:42:38
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| I think its the same unless CU hits $5 a lb then we may seee an increase in wheat prices.$200 a bag is the standard price most places |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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uthminsta
1000+ Penny Miser Member
USA
1872 Posts |
Posted - 01/06/2010 : 12:49:35
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| I think they'll always stay above melt. Just like, if silver is 13x face, you should always be able to get at least 14x for Walker halves... |
Come to the new and improved realcent: http://realcent.org
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 01/06/2010 : 15:16:44
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| copper isn't the main driver for wheat price but it's just getting harder to find them and people will alway want something they think is hard to get. |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 01/06/2010 : 15:40:26
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quote:
Originally posted by misteroman
I think its the same unless CU hits $5 a lb then we may seee an increase in wheat prices.$200 a bag is the standard price most places
getting hard to find those. my regular dealer wants 300 now but he rarely gets them anymore. of course he's still buying at only 3 cents, lol |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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Ember
Penny Sorter Member
USA
27 Posts |
Posted - 01/06/2010 : 17:24:49
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| My local dealer has a box full and sells them 10 for $1 |
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Mikep2020
Penny Collector Member
USA
402 Posts |
Posted - 01/06/2010 : 19:09:59
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| I think wheats will maintain their premium until the melt ban is lifted. Then tons of Cu memorials will get pulled and melted down and over time will lead to a point where there are more common date wheats than common memorials available for collecting. |
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Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 01/06/2010 : 23:13:37
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| Save the S's for last to melt! |
There's profit if you melt things!!
8{> |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 01/06/2010 : 23:32:30
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I think there are members here who may have significant hoards of wheats.. but they aren't going to sell them for just over melt. Put out a strong offer and you will probably be offered more than you can handle.  |
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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Randy
New Member
USA
17 Posts |
Posted - 01/07/2010 : 14:06:13
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| Yep, I have a hoard and have finally after many years starting to go through them and sell them. I just sold a couple thousand common 40-50 for 3 cents each. I am know going to sell many S mints for 5 cents each and I am only keeping ones that are vf or above.The money I get is going toward silver and here is why. I started collecting wheats 20+ years ago and buying them at 2-3 cents depending on the years. Here twenty years later and they are only worth a couple cents more not good. Wheats are a bad investment unless you can flip them and hope you find a winner. My best was a 1931s but I also have search a couple hundred thousand coins. Like most here I think the copper value will surpass the wheat value just like in most common silver coins. |
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misteroman
Administrator
USA
2565 Posts |
Posted - 01/07/2010 : 23:14:36
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Just picked up some lots local on ebay
1000+ for $33
1000+ for $33
1200 for $40
Says he has 100,000 for sale and wants to get rid of them. I'm going to see what kind of deal he'll gie me if I buy the whole bunch |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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misteroman
Administrator
USA
2565 Posts |
Posted - 01/08/2010 : 22:08:56
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| ^^^^ guy just relisted the same auctions and hit the buy it now! I sent him a message to give me a call for the remaining ones |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 01/11/2010 : 01:54:49
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| I don't know, I thought wheats were 3-5 cents each back 3 years ago or before it was that copper went up to $4 a pound. Didn't seem like the copper price pushed them up as much as you would have thought it would. |
"May your percentages ever increase!" |
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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 01/11/2010 : 01:57:02
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| I love wheats though and should go ahead and buy some to set aside. Finding them through sorting is just too slow! :( |
"May your percentages ever increase!" |
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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 01/11/2010 : 02:53:27
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misteroman, found that seller,
just bought a lot of 2700++ cents for $105 shipped |
"May your percentages ever increase!" |
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Topic |
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Value of common date wheats w/increased copper $$
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