Where a good place to buy a bag of 5000 wheat's

Discussion in 'Coin Chat' started by ice, Jul 11, 2010.

  1. ice

    ice Just happy to be here

    I am thinking of getting a bag of wheat's I have started to collect them. I am thinking I would find some fillers for my Danco album. Ebay is a joke with all the unsearched talk and a little too expensive. I know that most likely where ever I buy them they will have been searched at some point and time. I am just looking for a good price on a bag of 5000 wheats I know some of you here have bought them in the past just can't remember where. Thanks Tim
     
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  3. Hunt1

    Hunt1 Active Member

    Does the mint site have them?
     
  4. ACE Mike

    ACE Mike Internet Dealer

    I think wheat cent bags are running around $250 nowadays.

    ACE Mike
     
  5. T-Bone0804

    T-Bone0804 Junior Member

    I've got an 'unsearched' bag that I've only picked through a couple times for $250 if you want it. In all seriousness, call a few local dealers and ask their prices. Most will have a 5000 coin lot, for around 200-250. The problem isn't finding one, it's getting rid of them once you're done!

    If the holes you are looking to fill are any teen or early 20 w a mint mark, you prolly will only fill one or two. And honestly you'd be better off buying unc examples of the common dates since you'll want to upgrade eventually any way. I bought a 5000 coin lot for the purpose of seeing a ton of coins and learning to grade them. If that's what you're after, go for it, just shop around.

    Remember ther is NOOOOO such thing as an unsearched lot of wheats.
     
  6. jhinton

    jhinton Well-Known Member

    I agree, you will find a better deal at your local dealer. We charge .04 each no matter the quantity.
     
  7. Fifty

    Fifty Master Roll Searcher

    Estate sales can sometimes yield rolls of "unsearched" coins. Unsearched by the heirs that is. I've rolled up many coins over the years and stored them and I didn't always label them descriptively enough. I'm sure I'm not the only one. I hope the 1964 I wrote on some half dollar rolls is obvious. I am sure Unc 1964's would be worth way more than bullion some day.
     
  8. CaspersCoins

    CaspersCoins Junior Member

    Have to agree local dealer the best, I sell 5000 wheat bags for 190-225 just depends on what the market is for them. They run hot and cold just like everything else. Right now I have 8 or so bags so I am selling them for 190.00 To add to the unsearched thing Someone went through the cents to make sure they are wheat so they have been sorted. The way my store works is people bring in cans of coins most of the time they are wheat cents we dump them in a bucket then when we get enough we run them through the counter till it hits 5k. We do not search through them but someone did at one time or another. We have had customers find a couple hundred dollars worth of early S cents in the bag but this is not the norm.
     
  9. mark_h

    mark_h Somewhere over the rainbow

    Well the problem is my local dealer does not sell them. What he has in his display cases are way nicer than I want to put in my 30 year old whitman folders or even a couple of newer harris folders. Not sure what I am going to do to complete those. So far not an issue, but one day I am sure I will want to complete them.
     
  10. T-Bone0804

    T-Bone0804 Junior Member

    Am the opposite problem, my dealer has tons of bulk wheats and lots of wheats under the counter but they're mostly F-XF and I really want AU or better for my set lol

    don't give up on eBay if you really want a 5000 coin lot. Whenever I buy a 5000 coin bag I sell them on amazon bc I can realize a higher price (amazon people don't seem to know what things are worth) but on eBay, I'm lucky to see a bag go for 210. If you watch a few auctions that sound good, you're sure to come by a deal eventually.
     
  11. tka1234

    tka1234 Junior Member

  12. Just Carl

    Just Carl Numismatist

    THINK! Anytime anyone says UNSEARCHED WHEAT CENTS, how would they know they are all Wheat Cents unless they did search?
     
  13. tka1234

    tka1234 Junior Member

    It is unclear if the OP is looking for rare dates or just dates that they just have not found yet. Sure, if the people packaging the cents look at them and take the key dates, then the OP could still find the necessary dates to fill the collection.

    Also, if the wheat cents were sold to the company individually or through bulk (e.g., estate auction), then I think the company would know what it's buying.

    Moreover, it is impossible for any coin to be what we consider "unsearched" because someone at sometime had to have looked at the coins, even if it was a mint worker.
     
  14. ACE Mike

    ACE Mike Internet Dealer

    It has now been 35 or so years since wheat cents were seen with any regularity in circulation. I know they still show up from time to time, but around 1975 is when it seems like they had mostly disappeared.

    I just can't imagine that too many bags have sat around for that many years without being searched by anybody for better dates. Many dealers are now adding the words "by us" after the word unsearched to cover their rears.
     
  15. BadThad

    BadThad Calibrated for Lincolns

    Sage advice.

    This is what my dealer does pretty much. However, he did hire an old greezer a few months ago that searches through all the "junk" that they buy. I havn't bought a bag since he started because I know he's searching everything. It's a bummer! I used to find some early S/D mints and BU's in my dealers bags....not anymore.

    To the OP, look for a dealer that works alone. LOL Most of them don't bother to search all the wheats they take in.
     
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