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 Copper Penny Bullion Investing
 wheats
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cyberdan
Penny Collector Member


USA
289 Posts

Posted - 10/15/2007 :  09:53:39  Show Profile Send cyberdan a Private Message
This was a busy weekend and only had to to sort about 7000 cents through my new ryedale machine. I went banks hopping saturday morning till the banks closed at 1PM I asked for my usual coins (halves and big dollars) and also started asking for customer wrapped rolls. I asked for the old looking wrappers and got several that looked like they had been banged around for a while.

When it came time to sort (sunday morn) I started feeding the coins in the hopper and after a while I started noticing wheaties bouncing into the CU side. I put my hand in to catch all I could till the hopper was empty, then tried to pick out all that had already fallen into the bin. I didn't remember what the last few wrappers looked like so I would only pour in one roll at a time and catch all the CU. Sorting goes slower when you do this. I got a total of 175 wheaties out of 6-7 rolls and two dimes

Are wheaties worth more? Not as copper value but ebay value if sold by the roll? These were not the best looking coins but all had readable dates.

horgad
1000+ Penny Miser Member



USA
1641 Posts

Posted - 10/15/2007 :  10:13:03  Show Profile Send horgad a Private Message
Common, circulated wheats are worth 3-5 cents each. Anything dated 1919 or older is not common. There are also some post 1919s that are not common. I separate mine into two groups: "worth 9 cents or more" and "worth 8 cents or less". I find that about 99 out of 100 wheats that I find fall into the "worth 8 cents or less" pile.

Here is the price sheet that I use:

"The prices in this table are approximately what a dealer will give you for average grade coins of the type typically found in old jars, shoe boxes, Whitman folders, dealer "unsorted lots," etc."

You must be logged in to see this link.

I am sure the above guide is not all that accurate or current, but it serves its purpose as a way to separate the wheat (hehe..I made a funny) from the chaff.

Hope that helps...

Edited by - horgad on 10/15/2007 10:18:48
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