by Recyclersteve » Sun May 06, 2018 2:50 pm
I went to a local coin shop recently (2/2/18) and wrote down the prices he was selling bags of 5,000 wheaties for.
1909-1929: $1,249
1930's: $595
1940's-1950's: $275
Frankly, I don't think he has sold many of these recently.
I know of someone else who is buying wheaties for 3 cents each. If they are S-mints or in the 1930's, he will pay 4 cents. This second person is someone who deals in huge quantities of this sort of thing.
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.