How Much Would You Pay.......

........for a bag of 500 assorted (grab bag) wheat pennies?

 

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$5

 

Okay, then how much would you sell them for?

 

You mean an average bag of 500 - 40's & 50's, no S mintmarks?

25 - 30$

 

More than that.

I'm so sorry, I couldn't help myself.

If I were interested in bulk Wheats (assuming something like Markus1959's idea), I'd figure 2.5-3 cents each, and then sort and resell them in some sort of grouping (date range, MM, something like that) for a small but easy profit. Probably doable.

 

Sell them maybe .03 a piece, most like I would put them back in circulation or give them to a YN under 12

 

Yes. Thanks!

 

My thoughts as well. Thanks!

 

We're all in the ballpark. Thank you for the feedback.

 

Yes, they were all 40's and 50's, no S MM's. There was one 1930, a few nice toned coins, one die crack and one that looks like a die chip. I paid $17.50+ tax. It killed a few hours!

 

Real good price. Would be fun to go through and scope for errors.

 

I probably wouldn't buy them unless I were a dealer and it was for my "penny bowl" or something. I'd try to get them at around $10-12 and sell them for around $.03-.05 apiece, and liberally give them away to kids. (Besides encouraging the next generation, you'd be amazed how much goodwill you can instill in a parent who's also a collector by giving away a few low value coins to their kids.)

 

Yes, that was my intention. I think the guy who sold or put the bag together knew what he was doing. There just wasn't much there.

 

Yes exactly, and maybe instilling a sense of history and or saving for the kids.

 

It all depends. Are they totally unsearched?

Chris

 

No, I think they have been looked thru more then once. I don't think the guy who put the bag together was looking for any anomalies or errors. That's what I was really looking for.

 

No possible argument against. That's, like, less than an hour in a bar on Friday night.

 

Unless he's your twin brother, I wouldn't believe anything he told you.

Chris

 

Do they serve Dos Equis?

Stay well my friend!

Chris

 

Hey guys, Here's a couple of the errors I found in that bag of 500. The first one (57-D) is just a die chip. The second one (52-D) is a little more interesting. It looks like some type of lamination. I hope you can see it in pictures. The metal is definitely peeling up from the coin. "Not that I well, because I won't" but it looks I could slide a razor blade right under that lip and pry it up. What are your thoughts on this error? Tks.

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