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Fair Price for Wheat Cent Lot

PostPosted: Mon Jun 13, 2011 6:41 pm
by NHsorter
I have someone local selling a couple thousand searched wheat pennies. It is a "best offer" sort of deal and I was wondering what the market value of plain old searched circulated wheat cents was. I would like to pick these up, but I don't want to pay too much. I have never bought or sold pennies, I just stack them. :D

Re: Fair Price for Wheat Cent Lot

PostPosted: Mon Jun 13, 2011 6:50 pm
by Thogey
I'd shoot for melt. They are easy to get stuck with.

Re: Fair Price for Wheat Cent Lot

PostPosted: Mon Jun 13, 2011 9:25 pm
by pennypicker
Since they're searched and I'm assuming by "local" you will have no shipping I would think 3.5 cents each would be a fair price. I know my local dealer only pays 2 cents each.

Re: Fair Price for Wheat Cent Lot

PostPosted: Tue Jun 14, 2011 10:17 am
by highroller4321
3.5-4 cents each seems to be the going rate.

Re: Fair Price for Wheat Cent Lot

PostPosted: Tue Jun 14, 2011 12:02 pm
by abe
I purchased 2000 for $75 + $5 shipping. If your purchasing local with cash in hand I'm sure you could get them cheaper than I did.