Most you'll pay for rolls of wheats

I get offered a lot of rolls of mixed date wheats. I frankly feel like face value is the most I should pay but often end up offering too much over the final value after sorting.

What price range do you most often pay on unchecked rolls of wheat cents?

BTW - the best I have yet found was a 1926S RB in about MS-60 but have bought a lot of rolls that were 100% G-4 wheats with no key dates. I always seem to pay too much

 

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I don’t believe there are such things as “unchecked” rolls of coins out there. Where are you buying them?

 

I will pay at least $0.03 each, since the LCS buys any wheat for $0.03. From private estates I will pay up to $0.05 each taking a chance of getting a couple nice dates or condition pieces, because I know I can get $0.03 at the LCS.

 

$2 for a roll of 50. Purely because I dont think they are really unsearched.

 

Someone had an ad on ebay recently that said "Unsearched wheat rolls...D and S mints only". Now how would that person know the roll only included D and S mints if the rolls were unsearched?? They must really think people are stupid.

Buying "unsearched" rolls is a waste of money unless you are just trying to fill a lot of common date holes in a coin album and you don't have time to do lots of coin roll hunting.

 

I pay three cents each for wheats. Local coin shop buys them for two cents. The hope is to find a few key dates. I find it best to sell them to coin shop as soon as I search them. They do not like to buy large quantities.

 

A local coin shop here pays 3 cents for dates in the 40's and 50's (a little more for steel cents); 4 cents for 30's; 5 cents for 20's; 6 cents for teens. Of course more for any semi keys.

 

Have two coffee cans full and will be going to coin star
and cash them in..No dealers are close by Palm City FL.

 

I did an experiment and went partners on a rare end date roll with a friend. That roll had a 1909-s on one end and a VDB on the other end. We paid $99 after shipping. Contents were a 1909-s; a 1909 - vdb and 48 coins from the forties and fifties. I am convinced that these rolls are all created using old wrappers and an old rolling machine. I don't recall anyone keeping rolls with rare dates on the end in the fifties which is when it would have been possible to get access to them. I personally was
buying rolls to fill my Whitman folder and kept high grades and mint marked coins from the teens and the occasional rare coin. I could only occasionally buy nickel rolls. silver dollars were available for a dollar over the counter but only adults could spare a buck to buy them. Silver coins I could only afford to keep one of each for my folder and if I kept a half dollar that was a budgeted item. All coins came from circulation to avoid paying dealer prices. Later I sold some of my finds to buy what I couldn't find. Folks could do the same thing now if they were patient.

 

I love it when they sell an old unsearched roll with a dime on the end. I generally pay 3 cents each. The time I bought 78,400 for 3 cents and sold them for 3.5 cents I truly did not search them. That does not mean the late husband of the lady who sold them to me had not searched them. She and her daughter had rolled up about 355 rolls by date. I counted the rest with my coin counter, trying to pull out any memorials as I went. I have noticed that many people have Canadian cents mixed in with their wheats. Dealer I sold them to looked through one bag and found an 1911 in au. I sell in the antique mall for $4 per roll and the local flea market dealer sells them at the coin club meeting for 22.50 for 500. I do not pull out the steel cents as I think it spices up the rolls and gives the customer a little more for their money. I also leave in earlier dates but there's not going to be any keys in the bunch-not because I pull them out but generally speaking they are not there to begin with. There has to be someone close to Palm City who will pay 3 cents, but if not, somewhere down the line a roll searcher will be happy.

 

I think you already answered your own ?? and as @Santinidollar said, there is no such thing as "unsearched" or "original" bank rolls. Do you really believe for one second that you might find a 1922 No D or '09S VDB in an "unchecked" roll? It's a gimmick that been used for a long time.
Best collecting to all.

 

Bid on the end coins only & hope they are not counterfeit....

 

They do the same with Morgans and Peace $s on EBay.
For example they will put a nice 1879 Morgan on the front, then a CC obverse as the back coin. The CC is probably a common date.
I never claimed to be a genius, but I can see through this.

 

quite true but there is always that lingering doubt. Having a partner along for the ride lessened the potential loss. Some of them feature fan mail from past buyers claiming really rare coins. The only way really rare coins came out is if the seller put one in the batch before they rolled the coins.

 

Why is everyone hold on them wheat penny if they not valuable.

 

wheat cents are obviously different to current cents. People put them aside in case they are valuable and never look them up. Later when they have thousands of them they buy a book and learn that very few cents are worth a premium in lower grades.
Then they decide to sell them "unsearched" for the most money that they can get. Others - curious about what circulation coins used to be like - buy them to satisfy their curiosity.

 

I have about 50 of them and no nothing about them I have them in roll under my bed in a box.