So, I have literally pounds of common date circulated wheat cents that I have hoarded over the years. I have come to the realization that this is stupid and I want to get rid of them. I can't imagine they are worth anything to anybody. But, I feel bad simply taking them to the bank. Is there a better way to get rid of them that won't be a ton of work? I truly don't want them and the way I figure it, the amount of work it would take to sell them verses simply cashing them in doesn't make it worth selling them? What do you think?
My shop here has a counter, I brought in 15,000 after I went through a hoard. Took about 10 minutes to fill 3-5,000 count bags. You'll have to call around to get the best price, one place offered 1.5x face! Others were 2, highest I found was 3x so I took them there. But if they do go by weight, remember for every pound, it's roughly 151 pennies.
They go for 4¢ to 5¢ each on eBay. You don't say how many you have, but you should be able to ship them in a flat rate box for not that much.
I agree with the ebay idea if you want to rid yourself of them and maximize your take. Offer them by 5 pound lots or whatever fits in those flat rate boxes. Let us know how much they go for
I may be interested in buying some if you decide to sell. I know this isn't the right forum thread to talk personal buying and selling so if you are interested send me a pm please! Wheaties are one of my favorites!!
Nah. all ya gotta do is pee in a cup nowadays! http://www.medicalnewstoday.com/articles/264079.php Ain't that right, Camaro?
Of course, 34 Lbs/5000 coin bag is based on "uncirculated" cents. CamaroDMD says in the OP that these are "circulated" cents...which can reduce the weight by as much as 10% (based on degree of circulation). Granted...you will get no fewer than 147 cents per pound.
Been there, done this. Break them up into zip lock bags of one pound, two pounds, 5 pounds, etc. Then sell them on Ebay with a starting price of 3 cents per penny (times 172 of course) and different end days. Use USPS 'if it fits, it ships' Priority Service and include that as the shipping option. Yes, there will be some occasions where you only get 1 bid for a penny more than your starting price, but if you have ten or more bags out there, don't worry about it. Some will probably actually auction for a good price.
The buyers are doing the math on total cost. You can maximize your take home buy picking a weight/coin quantity that just fits into the various flat rate boxes for sure. What ever that weight is (= some approx number of coins) list it as at least X cents ( give your self some breathing room - so what if you hand over some extras?) starting at $Y free shipping which includes your FRB cost, and all ebay/pp fees. Choose Y at about 2X face and see what happens. No way to lose, no possible cost to you. Let us know how it goes
