Good Investment?

I have a coworker who has $50.00 face value in wheat pennies and said that she would be willing to sell them at 4¢ each. Do you guys think this is a good investment for $200?

 

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No, I'd be at $100. If they're all 40s and 50s I wouldn't pay more than that buying bulk.

 

Ask her what kind of dates and what condition are most of them in. I would pay 4 cents all day for extremely fine teens (sounds funny). I wouldn't even be interested in common dates at that price.

 

I would say 2 and 1/2 cents a piece is a good price. That's the copper value.

 

No.

 

Unless you can look through and confirm there's some good finds in there, then no, $100 for bulk unseen should be your limit.

 

I'd only pay her a premium if she was 95 years old and has been collecting them since she was 9.

 

most dealers i've seen sell them for 3 to 4 cents each. i do not think it is a terrible price, but not a deal either.

 

Ask for a sample of 100 or 250 @ 4 cents. Then you can exam to your heart's content before offering on the rest. That way, you will either buy the rest or have a honest excuse to refuse her price and make an offer that you will feel good about. Worse case , it costs you a couple of bucks.

Jim

 

desertgem's idea seems plausible and fair enough.
Personally I think 4 cents isn't a bad deal...I'm curious as to what exactly people expect to find at 4 cents a coin, and where they're finding bulk sellers at $100 a bag because as a dealer I pay more than that- as long as they aren't bent, dirty or green. I also find it amusing how people complain about searched rolls and bags yet expect to be able to search lots themselves before buying.

 

you get $3.00 or more for a roll of wheat cents?? good for you

 

ask if you can look through them and pick out the ones you like for 4 cents each.