In a recent thread about the price of wheats it was written that dealers pay on the average between 3-4 cents each. They turn around and sell them for 5-7 each which is not much of a profit. It seems that their is great interest in nice lincolns but when it comes to average wheats there is very little interest. The serious coin collector just wants no part of them and seem to look down on them. People purchase them due to what they think is a good deal only to realize a time later that they really do not need or care for them. I have heard this line more then once.. all the guy had was some foreign coins and some wheats. These poor coins get no respect and Modern stuff seems more of a collector item then wheats, especially when you can flip them. It is hard for me to understand that a 1919P 88 year old coin can be purchased for a nickel. The Rodney Dangefield of coins and you can only hope that with the 100 year anv. coming up maybe they will be alittle more in demand. Now that I got that off my back does anyone still buy bulk wheats, are they worth purchasing at the right price? It seems some people are roll searching but I bet that is a small percentage. Are these coins undervalued or is it supply and demand and that they minted millions some billions and will always be just a wheat?
Serious collectors would be happy enough to have 41-58 in BU ( maybe go back a bit furthur in BU, then the rest circ) and have one of each. The earlier ones teens, 20's will sell for more. The circ 40-58 are common, holding them since the 70's was a loser. They look better to me now at 5 cents each with copper prices. I'd rather hold something rarer and more interesting, but they may be not bad at this price.
the dealers around here pay $1 a roll, and sell them for $2 a roll. not much of a profit. it all comes down to supply and demand.
hi ya, who looking for wheats, I have 1 roll of 20's, 1 roll of 30's, 2 rolls of 40's, 3 rolls of 50's, 1 roll of mixed;24-50's,13-40's,13-30's, 3/4 roll of teens, 20's. people just don't respect wheats any more., can't see selling them at cost or $1.00. pay too much to get the same one from dealers at 3.00 to 5.00 for unseach bank rolls. good day, philbily
Don't forget that many of us including the YN's of today started out in the hobby building sets of the wheaties. I have a couple of bags waiting for my kids, when there ready. I still buy them now and again when I get in the rpm mood. I think the wheat cent is a great foundation for coin collecting. The base metal is worth more than the issue price. Can still be found in circulation. Inexpensive. RPM Variety. In a couple of years the new design changes will spark even more intrest in the old cent. Chuck
[QUOTE Modern crap seems more of a collector item then wheats, especially when you can flip them. I have never thought of any coin as" CRAP" and I know some people like to use that word, I do not collect wheat cents however there are some collectors that like a coin to have some age on it. And there are some that can only afford ciirculated cents so for those that do just collect what you like. Bruce.
Bruce, I am very sorry for using that term and what I have learned along time ago is that you should collect what you like. This board does a great job in making sure everyone understand that fact. I will edit that word.
Randall. I was not expecting that my friend, it is obvious you are a very caring person I am glad you are part of our family here. Take Care. Bruce.
I have never really "liked" wheaties but still have at least 5000 of them. A deal is a deal I say. Many of mine were pulled from circulation - my best finds being an 11-S and 14-S. I have also picked up multiples of th 10-S through 15-S as well as 22-D and 24-D when the price was right. As for the Rodney syndrome it's all too true but I feel it will change eventually. In years past I made it a point to purchase the OVER rated VDB as well as the under rated dates of 23-S, 31-D, 32, 32-D and 33. I would go through my local dealers mountain of Whitmans and yank these out and buy in lots. Might pay up to 50 cents a coin but found A LOT of VF and XF coins in there. These coins have gone up and will continue to I believe and I don't have a lot tied up in them so it's not a big deal. I DID just spend the most I've ever spent on a wheat but couldn't pass it up. 1914-D ANACS F15 for $225. I actually LIKE that coin and will keep it for a long time. I'm getting windy here but wheaties are also fun for RPMs etc as stated by another member. I just opened a roll of 1956 this week and have already found a BIE error and a clogged 9. That was in the first 5 coins. Geez, now that I look back on this post I guess I like wheaties more than I thought!
Even when I was a kid I liked wheaties. You could find them all the time. Now I browse the register at work and my coin and they are slim to none to find.
just today i got a 1955D in change! thats the third one in change this year. the strange thing is that the 1950D had white paint on it. this 1955D has the same thing on it! i have also found a 1944 in change this year.
In the last decade, I am lucky to have found possibly 25-30 wheat cents in circulation. It has been my experience that what I used to call "one centers" as a little boy have been virtually non-existant in the channels of commerce for many, many years. If you purchase rolls or bags of cents, their tannish color usually makes them stand out in the crowd. Out of the first coins I received as a beginning collector at age 9, I was given a 1945S wheat cent to start me on my way in 1969. Since that time, I have found every date in circulation. Several hundred rolls of solid dates and mintmarks later, I still love finding my favorite coin. The centennial of the Lincoln cent in 2009 should be a boon to the collecting of cents nationwide. Collector interest in pre-Statehood quarters has been very vibrant and has piqued much interest. The same has occurred to Jefferson nickels issued prior to 2004. Mark Coral Springs, FL
it will be interesting to see what happens to the wheat cent's value in 2010. there will be massive hoarding of the centennial coin - i know i'm planning on picking up a few rolls and will put together a 2 piece set to mark the 100th in mint state. i already have the 1909 VDB -Steve
