How much do dealers pay for common date indian head pennies?

Discussion in 'Coin Chat' started by thesilvercowboy, Dec 31, 2013.

  1. thesilvercowboy

    thesilvercowboy New Member

    How much do coin dealers usually pay for common date indian head pennies? I know they usually pay around 3 cents for wheats but what should I generally expect for indian head pennies.
     
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  3. non_cents

    non_cents The Frisco Kid

    Less than a buck each for common, low-grade stuff...
     
  4. BigTee44

    BigTee44 Well-Known Member

    the dealers around here are low ballers, one offered me $.05 each.... I sold mine on eBay in groups of 20-25, got roughly $.50-.85 each. I sold like 5 or 6 different lots, so the prices varied.
     
  5. Tyler

    Tyler Active Member

  6. thesilvercowboy

    thesilvercowboy New Member

    I have been offered a deal buy bank wrapped half rolls from an individual for $25 (25 cents is a half roll) so $1 each.He does not collect coins, and got them at an estate auction a few years ago. I just wanted to know whether I could recoup my money if they all turn out to be common dates.
     
  7. vnickels

    vnickels Matt Draiss Numismatics & Galleries

    Expect to get 50 or 60 cents per coin. Wheat cents should bring no more than 2-2.5 cents each.
     
  8. Tom B

    Tom B TomB Everywhere Else

    Well, if the group of low grade coins has enough culls or damaged pieces in it then 25-cents per coin might be fair, but if the group is largely problem-free and averages around G4 for condition then 40-cents or 50-cents per coin might be fair.
     
  9. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    While it may differ from dealer to dealer, for low end generics anywhere near a buck each would be quite doing well. It is probably best not to assume more than $0.25-$0.50 each, and this is if they will buy them all or at all.

    Questionable or not, it's one thing if you're willing to gamble $25 and don't care about the outcome, but if you need to worry about recouping your money...
     
  10. Phoenix21

    Phoenix21 *The King Of Jokes*

    If they are mere common date cents, your maximum risk is roughly $10-$15. I would go for it.
     
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