I'm calling it a hoard by my definition but I'm sure that it isn't a drop in the bucket compared to some of yours. I've been working on a roll set (as many solid dates and MM's) for my son and keeping all the rest (pre -59) in bank boxes. I've got about 15 boxes of surplus wheats. Should I just hold onto them or would they be worth trying to sell in lots? They are "NOT UNSEARCHED":smile:smile But if I didn't need them they were boxed. Just looking for some opinions.
I would hold on to them until 2011 anyway to see where the penny goes. The wheats are mostly copper. The last 28 years of pennies were made of zinc with a copper coating. I remember back in the early 70's the banks were in need of pennies. You could take 95 pennies to the bank and they would give you $1.00. Now they are way over stocked. In my opinion, the penny will be a thing of the past in a few years. It cost more to make them than they are worth. I think the 2009 lincoln' are a last ditch effort to get some of the pennies out of circulation. I know I have hoarded a few boxes for the future.
15 boxes is about 7 1/2 bags, many dealers have that in the back room. Yes, it is considered a load of wheats for sure. I have a buddy here in Phoenix that I can order a BAG of any date and mintmark...., YES, " I need a bag of 1911-D Lincolns".....done deal, rolls etc etc. Yes, he is the guy in tha back of Coinworld. He bought a roll of 1922-D and 1909-P from me this weekend in person at a show Best bet besides the find a sucker theory ( ebay unsearched ) is just to blow them out at the standard $180 a bag for commons. They trade quickly and sight unseen at that price. That will leave about a $40 profit cushion for a retailer. Per bag. Per honest retailer.
