Anybody ever buy a 50.00 bag of wheats

Can you find anything good in them, or do you think most have been searched.

Anybody ever find anything good in one

 

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I have bought a few bags and have found a few semi key dates. Only 1 time have I hit a really nice deal. I purchased a bag of about 3300 pennies and the dealer I bought them from said he had just bought them from a family that had owned a country store and had pulled wheats and foreign coins and put them in coffee cans. I pulled an 1872 Indian, and 1860 indian, an 1864 indian about 12 common indians 3 clipped planchets and a pitted 1914 -D. I sent the indian to ANACS and it came back G-6. The nice thing was I paid 3 1/2 cents a piece for them.

 

I'd be weary of buying anything that claims to be unsearched.

I'm still trying to get rid of a bunch of wheats I bought years ago from 'unsearched' rolls, bags and lots.
Sure I filled all the common vacancies in my Wheat folder, but I did just that, filled the common vacancies.

Me, personally, I would never buy a large quantity of unsearched wheat cents ever again. I recommend you don't either, but hey, the thrill of the hunt can be fun at times.

 

At first glance I thought the title was '50.00 bag of weed". Figured I was in the wrong forum.

 

$50 bag of weed?!? Where do I sign up?

 

Yes, found several nice RD wheats, but not much else of note.

 

sell them on ebay!

 

Why would I sell 40's and 50's common dated Wheat Cents which can be found on abundance on eBay already?!
You see, individually selling them, I would lose money. Selling them in lots, or in one big lot, odds are it wouldn't sell, and if it did, it wouldn't sell for much. The only way Wheats really fetch good money on eBay is when they are in a shotgun roll with the big lie of 'unsearched' in the title.

What I typically do is give a few Wheats away after I make a sale on another coin.

 

Do happen to be goodcents_2009?

 

Haha I was thinking the same thing. I remember buying some coin supplies from this person and getting a BU 1957 wheat in a flip as a gift. Only time I have ever gotten a gift from a purchase .

 

No, my eBay name is the same screen name I use here.
Gifts, extras, bonuses, whatever you want to call them have always been fairly common so I figure if I have coins that I do not want I might as well return the favor to the numismatic world.

 

Yeah I get a wheat everytime I get more 2x2's

 

My Father got caught up in the coin frenzy of the late '50s and early '60s. While he was busy cherrypicking Morgan dollars from the Cleveland Federal Reserve, he also salted away quite a few other coins...among them, twelve (12) bank sealed bags of Lincoln cents; 1959-1964 P/D.I wish he would have had the foresight to put that money into McDonald stock, but that's the way things go. He put them in cleaned out paint cans and they've been in our garage for 50+ years. The paint cans were a good idea because they're not conspicuous in the garage and the coins don't get jostled around much if they need to be moved. When my Father passed, I was given the responsibility of toting these things around...until I die.I suspect the family "albatross" will be handed down for a few more generations until they eventually accrue a value that justifies having held on to them all this time...(I'm thinking around the 2109 timeframe). With my luck, the paint cans will be worth more than the coins by then.Anyway, I know for a fact that these coins haven't been searched so I guess there's hope for other hoards of coins you may see advertised. I wouldn't trust much of what I see on eBay, though. I would go to estate sales or advertise in the local paper if I wanted a fighting chance of finding unsearched coins.

 

Just assume it was searched. You might find a few gems, or even get lucky and get a key date(usually seeded and overpriced bags). I am just saving my bag hoping one of my nephews might become interested.

 

It completely depends on the source. I would think either an old collector or an old dealer, (brick and morter shop), would be best. I bought mine from brick and morter shops in the early 90's back when only about 6 dates were really worth bothering with, and the rest went into bags. I looked through for fun and found 09 vdb, 10s, 22d, etc etc.

To make my bags now even better I just "processed" some group lots I have bought over the years and threw all the wheats from there into the same bags. For some reason there were about 15 19s, and like 7 16s and some other teen mintmarked wheats. I honestly do not know what they are worth, but seemed "better". You want to try to bag like that I would imagine. Most large dealers may not have searched themselves, but those who sold them did, you can be sure. Try to buy from an idiot like me who doesn't collect them.

Chris

 

Back in the '60's, we could get $50 bags from our local bank; Only on Saturdays, from parking meters. Many good finds in those, but never an Indian cent, which kinda surprises me. Wish I could buy a bag of those now.

 

50 years in an uncontrolled climate? Have you checked them lately for corrosion or other contaminants?

I've never bought any bags of wheaties, but a few years back, I did buy 3 - $50 Mint bags of 1974 (2) and 1980 (1) Lincoln cents. It took me 4-1/2 years to go through the 1980 bag, so the other two bags are just going to sit in the corner of the room as punishment.

Chris

 

Shades of Red - I love the Wheat Ears by the Bag

Funny - the "punishment" part. My bags await another long winter. I paid about $300 a bag for mine - About 6 cents or so each.

I really enjoy going through the wheats. I sort by decades. I don't worry about key dates, or something extra special like a Double-Die. I just get a lot of enjoyment in handling them and observing the color changes. The 1940's have some of my favorite shades of red.
:smile

 

I little while ago, I bought myself a bag of 630 "unsearched wheats". It was mostly 40's and 50's, but there were plenty of other ones in there, with some old Canadians and a V.D.B., so it's all up in the air

 

Nearly 10 years ago, I bought a bag (~ 250 wheaties) and mixed it with some other wheat cents I had. A couple of months later, I decided to look through the batch and found a 1931-S in EF. Net cost was 20¢. It sold on eBay last week for $102.50, the greatest percentage (51,150%) profit I've ever made on any coin. As far as the other 249 coins in the bag, I doubt if any of them were worth more than a dime.