I bought roughly $10 usd worth of wheat cents unsearched lot for $100 with ship, generally these came from San Francisco and the lesser dates are usually phillys. Wanted to share, need some more insight on them. Sorry I didn't take a picture of any of the backs waiting for 2x2s to put them in. All of my 1941s look like steelies, but I know they're not steel planchet. Why would anyone try to do this only to 1941s though?
Please do not think me rude but you really over paid at $100 for 1,000 wheats. Especially if they mostly ended up common dates. I have a dealer who sells them for 5,000 at $196.00 shipped free. Too many dealers sell supposedly "unsearched" lots and throw in early weak and common dates to unsuspecting buyers as a way of salting to make the deal look good. I see that many of your early dates have problems. I suspect your 1940's coins look like steel due to environmental damage.
The best bet, IMHO, would to be trying to find a local coin shop really. I don't believe in ebays listings of unsearched rolls or trade papers listings of the same. I know we do not all have access to a coin shop but it would likely be your best bet to see what they have in person. Sometimes these shops get turn ins from people who have saved for years but the dealer does not have the time or space to store these and might want to move them out quickly at a reasonable price.
Well I did get about 10 steelies, about a rolls worth of pennys < 40 and the ones in the 20's and 30's look p good to me. Total cost was actually 91.6 but it was on a bid. I actually bought two lots. One containing the steelies was in a bag of 40s coins and the other wasn't sorted 'apparently' so ill take it.
Sorry but as others stated, you over paid. Try to buy them at a LCS or a coin show. Caulk this up as a good lesson learned to avoid more costly mistakes in the future.
Yes, all of the previous posts are correct. "Unsearched" means sifted through with quite a few worn, possibly cleaned, and common dates tossed in.
Yeah but I got them for a trade off as I have an abundance of high quality items purchased in the past I sold to make this purchase. Not a total loss as stated. I will see about my lcs Thanks for looking out .
Every coin collector overpays on something and buys into a claim. But seriously, no one really has 'unsearched' wheats they are selling unless they bought them from someone else who searched them and pretty much know that person would have taken out the valuable ones. Because if there was an unsearched hoard that likely could have held valuable coins, it is worthwhile to search them, even in a not to specific manner to look for the ones worth something. That being said, if you are buying from people you know who don't have enough knowledge to cherry pick varieties or errors (meaning they are basically only looking for the well known years, etc) then it might behoove you to buy a lot or two. You could get lucky. I've even bought a couple of supposedly unsearched rolls of cents, but yeah, I overpaid for them. Got that out of my system. Good learning experience.
