I was told by a dealer that he thinks wheat rolls will be between $15 and $25 in 10 to 15 years. I want to see what you guys think
I would suspect maybe more like double their current prices. More like $4-$6. I still see TONS of them.
If you can tell me what the economy, the inflation rate, the government policy on melting cents, etc., I can give you a fair guess at what their price will be. However, suffice it to say, the most likely way they get to $15 per roll is not going to be pleasant.
It all depends on whether the cent is discontinued, plus the price of copper and the gov't position on melting. I don't understand why its ok for gold & silver coins but not copper? Just more big brother if you ask me! LOL
Loaded rolls of junk are selling for 10-20 bucks on ebay all day everyday faster than you can flip hotcakes. Were talking about rolls of wheat pennies not wheat dinner rolls right?
Consider -- it took 50 years *and* a metal composition change to get it to $3 roll. Just 10-15 more years to jump 5-fold? That's hard to see . . .
I can't see it happening any time in the near future. The whole damn world is a little iffy and on edge right now. Everyday there's more and more older coins being used along side modern coins. I'll bet in about 50 years the wheaties will be selling around $7 a roll...
Obviously no one is considering the dates on them. Now if all were 1931S coins, that would be really cheap. Now if all were 1914D coins, then that would even be cheaper. If all were MS graded 1909S VDB's, really great price even now. And too the dealer didn't mention where. Now if in China, no, they make their own wheat cents.
If you're talking about spotless red Uncs...I would say $15-$25 is conservative by today's standards...but I suspect you're talking about circulated rolls in the F-VF range. A few things to consider... 1) The lincoln cent series will likely be concluded by then...increasing interest 2) Inflation alone will double the cost in 10 years 3) The price of copper will likely (imo) increase faster than inflation 4) Coins tend to spike up in price after the 70 year mark (imo). So...yes, I can see a scenario where rolls of circulated wheaties (pre 1950) could sell in that range. It's not out of the realm of possibility.
