I was looking on ebay the other day, and noticed that there was a bank sealed bag of 5000 wheat cents. I was wondering if you think that it truely is bank sealed, and if it is unsearched or not? There also were some other bags of 5000 wheat cents, that were not "bank sealed", and I was wondering, it it would be a good investment, and great fun to search these bags if I bought one? Thanks for your replies. By the way, the cost for the bank sealed bag is $225, and the price for nonsealed is about $200
Bank sealed is a term that doesn't really mean much, at least in terms of the coins being searched or not. When a bank takes in coinage and the accumulation of it exceeds their needs they simply bag it up and ship it back to the Federal Reserve system. Thus the coins in these bags are a mix and match of all the coins they took in during the course of business. Now bags sealed by the US Mint - that's an entirely different story. These coins are not searched.
Come on now. Figure that one out. If anything has been sealed and not searched, then how dose anyone know what is in there. I have bought bags of cents from banks in the past and would like to know how they an be SEALED. They are bags. This scam has been going on longer than there have been coin collectors.
A good investment? No, probably not. Fun? Yes, absolutely. I love going through bags of wheat cents. You have to have a certain personality type to think searching 5,000 cents that probably aren't worth much is fun, but I think that trait is common among us collector types. I even got my wife into it, lol.
