maybe someone can explain to me the thought behind buying rolls of wheats. I see available bu rolls of wheats. a roll of 1947s wheats with an ms65 value of $12 each sells for $50, and a roll of 1953p in the same condition with an ms65 value of $18 each sells for $27, how and why is this possible??? Is it strictly because the roll of 47's is older? Mathematically it doesnt seem to work out. Thanks for the help. Greg
Few if any coins in these rolls will grade 65. It's a gamble as to what is in the roll. I'm sure there will be many in the 63 range. You just never know. Edit to add: Ignore my post.
I know that some bank rolls go for multiples more then other rolls because of the possibility of well known varieties for certain years. Don't know anything about your dates listed though.
The coins you get in BU rolls are highly unlikely to all grade MS-65. They will probably be MS-60 to 62 or 63. Where are you getting your pricing? My Grey Sheet has the 1947-S Lincoln cents in MS-65 at 4.00 Bid / $4.50 Ask. That's a far cry from $12.
the shoot from the hip pricing i am using is from coin pricing magazine. And for some of the other responses, i wasnt arguing what to expect out of the roll. I was using the ms65 grade as a basis for pricing. Saying that a roll of ms65 1947s sells for more than a roll of ms65 1955p wheats, yet the price guide has the 1955p priced higher.
First off, forget about price guides like that - they are worse than worthless. The only price guide that even comes close is the Grey Sheet.
GD, I don't know if this is a good place to ask this or not, but where's a good place in Utah to get BU rolls of wheat cents?
where does one find this grey sheet? Is it free? Is it an up to date price guide that changes daily, weekly, monthly?
www.greysheet.com You can subscribe either hard copy or on-line. 6 months = $54 1 year = $98 2 years = $162 For that you get a weekly newsletter with values of the most active coins (Morgan & Peace dollars, commems, etc.), a monthly suppliment and quarterly newsletters. The values listed are NOT prices you as a collector would expect to pay at a dealer; rather they are prices dealers buy and sell coins for with other dealers. It is a good barometer of coin values, even if you are not a dealer.
About the only place I know of would be to go to the coin shows. And even then it's going to be hit and miss. Your best bet would be to ask your favorite dealer to get you some.
