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misteroman
Administrator
USA
2565 Posts |
 Posted - 03/08/2008 : 22:51:35
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I keep reading some of the people ads on ebay and they show buying these monstrous hoards of pennies/coins.
How does one go about finding these and then getting the people to sell them?The guy I bought my first 5,000 bag of wheats off of,said he knew a guy in PA that had 15 MILLION wheats at his house and seen them and could verify that there was a garage full.Now he isn't returning my PM's when I try and contact him.
Anyone know of such a hoard or how to find them?
Derek
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Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 03/08/2008 : 23:08:35
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There are a few on here with pretty large hoards. Don't think they are parting with them any time soon though....
Deal |
Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
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misteroman
Administrator
USA
2565 Posts |
Posted - 03/08/2008 : 23:42:47
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I don't really mean on here per se, But I guess I could be.I know there are older people that have been saving wheats for 40 or 50 yrs and have to be getting ready to sell them and things like that.I'm more interested in wheats but the CU are just too good to pas up.
Derek |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
 Posted - 03/08/2008 : 23:56:52
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I FOUND ONE! I FOUND ONE!  |
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. |
Edited by - HoardCopperByTheTon on 03/08/2008 23:57:11 |
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misteroman
Administrator
USA
2565 Posts |
Posted - 03/09/2008 : 00:47:01
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Found what?A hoard because that what this topic is about!!!!
I'm assuming either a IHP but you may be talking about finding a hoard,which is probably somewhere in your house.
D |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 03/09/2008 : 01:16:23
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You nailed it.. LOL. I just looked in the back storage room.. and there it was! Even found a half bag of OBW rolls of wheat cents I had forgotten I had.
Finding the bigger hoards is about getting the word out there that you are a buyer for that type of thing. Of course when a holder of a substantial hoard makes the decision to sell some or all of his holdings he will be looking for the best price.. so only the strong buyers will even be offered the deal. You can advertise in Craig's list or you local paper.. let your banks know you are looking to buy coins if any come up etc. You might actually find a few. But if you want to get the bigger hoards or several of the medium hoards you have to be willing to pay more than average. I get offered deals all the time because they know I am a strong buyer of that sort of thing and have ready cash available. I sell wheat cents and coppers all the time out of my hoard. If I wanted to sell at wholesale prices I would just sell them locally and not have to worry about shipping though. |
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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misteroman
Administrator
USA
2565 Posts |
Posted - 03/09/2008 : 01:19:32
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What is the average price of 40's and 50's wheats going for ?175-200?
Derek |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 03/09/2008 : 01:27:03
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| I think that is probably pretty close to average for the commons. I have had no trouble getting $260 for my bags whenever I have decided to sell off a few. |
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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misteroman
Administrator
USA
2565 Posts |
Posted - 03/09/2008 : 01:29:36
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| are they a true mix or just he 40's+? |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 03/09/2008 : 01:35:24
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| A true mix.. I even had a guy find an 09-S VDB once. But that was only once out of about 200 bags. Sure surprised the heck out of me.. but I was happy for him. I actually found one in XF in some little baggie that I had sitting on my shelf that I probably paid 3 cents each for. I was surprised as hell to find that one too.. It was the last hole I needed to fill in my collection.. I had been staring at that hole for 35 years. |
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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misteroman
Administrator
USA
2565 Posts |
Posted - 03/09/2008 : 01:49:54
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Wow that is great.Next time you think you have a bag with a svdb,I guess I'll take it for 275.
Clocks just went ahead here in WNY,just listening to some Kenny rogers a sorting my pennies.A beautiful thing
Derek |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 03/09/2008 : 07:25:27
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quote:
Originally posted by misteroman
I keep reading some of the people ads on ebay and they show buying these monstrous hoards of pennies/coins.
How does one go about finding these and then getting the people to sell them?The guy I bought my first 5,000 bag of wheats off of,said he knew a guy in PA that had 15 MILLION wheats at his house and seen them and could verify that there was a garage full.Now he isn't returning my PM's when I try and contact him.
Anyone know of such a hoard or how to find them?
Derek
15 million wheats? Wow! $150,000 face alone. Let's pretend it is one of us who is holding on to that many wheat cents. He or she would had to have bought most of them beyond their face value unless they were rather old and had a huge penney hoarding habit in their youth. Even if they were all hoarded at face value, the inflation factor would have made their buying power prior to 1958 or even 1978 much greater than it is now. So that means they were much more of an investment in relationship to wages than an equal amount of copper cents would be now.
If they were hoarded all of those years then perhaps the hoarder has a compulsion and is unable to let go of them. Of course it may be that he or she is still waiting for higher prices before they cash in. But how would you devest yourself of all those wheat cents with out flooding the market? It's not like they are plain bullion copper cents where their value is mostly melt value alone. Their primary value is in collector's value.
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Think positive. |
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WilliamC
Penny Collector Member
USA
471 Posts |
Posted - 03/09/2008 : 10:33:14
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If you are serious about finding hoards I would think estate sales are the way to go.
I'm sure there are already plenty of people in the know about coins who go to estate sales but that would seem the thing to do if one wants to find the motherload.
For now I'll stick to buying bank rolls. |
Sorting In Northwest Mississippi |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 03/09/2008 : 22:50:59
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misteroman.. good news.. there are still a few deals out there on wheat cents. I picked up 9200 at your buy price today. And get this.. I bought a group of 300 regular wheat cents and 100 steelies for all of $6.. only 1.5 cents each!
It was a great coin show.. but I missed a real bargain. One of my buddies got a 1908-S Indian in fine from a dealer junk box for 70 cents! |
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. |
Edited by - HoardCopperByTheTon on 03/09/2008 22:51:30 |
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aboxaweek
Penny Collector Member
USA
326 Posts |
Posted - 03/10/2008 : 18:13:59
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what finds!!!
Can i get a website on these coin shows? please?
would be grateful |
*HUCKABEE*
___08'____
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 03/11/2008 : 01:14:14
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| Best way to find out about local coin shows is to join your local coin club. You can find clubs close to you by going to the ANA website. You can also find coin shows by googling coin show and your state.. that will help you to find the websites that list these shows.. then you just save them in your favorites. Also, Numismatic News and Coin World usually have a pretty comprehensive listing of upcoming coin shows. |
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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Where to find the BIG hoards?
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