Does anyone know if coin dealers generally have junk boxes full of wheats like they do foreign coins? What happens to all the junk wheats? I have always wondered where they end up. Thank you!
I know several coins dealers that have boxes of Wheat Ear Cents. Every time they got wheats, into the box the common dates would go. Now, their boxes are empty. My local dealer is paying three cents per piece just to have some to sell. I think people are searching them in hopes of finding the million dollar coin they keep hearing about.
Just FWIW: The current melt value of a 95%-copper US cent (including all non-1943 "wheaties") is just shy of 2.5 cents. See... https://www.coinflation.com/coins/1909-1982-Lincoln-Cent-Penny-Value.html
My LCS is paying 2 cents each and selling for 3 cents each. They have large canvas bags full of them. I bought a bag of 10,000 almost a year ago and have still not reached the bottom!
I could? I don't chase errors, but I was filing hole in 4 Lincoln book for grandkids. The shipping would be brutal? probably 10-12 lbs! I do have 7-8 1909 VDB's if you need 1 I've sent 2-3 to others here filling holes? I think melt is about $3-4 a pound?
I don't want to break forum rules, so I probably shouldn't have asked. I was wondering if you had them listed on the for sale section. Sorry to the David Betts and moderators if the question wasn't ok.
Does anyone know what circulated 1938-1940 nickels are going for? If wheat cents are 3x face nickels should be worth at least 15 cents each. No?
I don't know what the going rate is, but I sell rolls of 1938-1960 Nickels directly to collectors for $5 each.
My LCS has them sorted by decade and also mixed. They also sell them by the pound. But if you pull a coin out of the sorted ones they charge based on it's value, not a flat rate.