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roll of like new 1958 wheat pennies
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<p>[QUOTE="Tom B, post: 1603148, member: 11854"]Getting them graded is a losing proposition. This is the most common Lincoln Wheat cent and they are still out there in mint state condition by the millions, no doubt. I've checked completed ebay auctions and you are correct that around $34 they seem to sell. However, having a handful of "like new" cents is entirely different than having someone who is expert at grading go through hundreds or even thousands of cents to send in the few best pieces. These MS66 coins that are graded are generally not sent in at random and are the result of long searches for the best coins. The odds are that if you sent all 47-coins in then you would be in the hole for quite a bit of money without any hope of digging out. If you use PCGS, which is the only company that will garner routinely large prices, then you will be paying $20 each to have the coins graded plus invoice fees and shipping both ways. It might work out to $24 per coin. Any coin less than MS66 will sell for less than $24 and it is likely you would have few, if any, MS66 coins. Right out of the box you would be underwater. Then you must take into account ebay and PayPal fees (about 13%) plus shipping to the buyer. You will lose money.[/QUOTE]</p><p><br /></p>
[QUOTE="Tom B, post: 1603148, member: 11854"]Getting them graded is a losing proposition. This is the most common Lincoln Wheat cent and they are still out there in mint state condition by the millions, no doubt. I've checked completed ebay auctions and you are correct that around $34 they seem to sell. However, having a handful of "like new" cents is entirely different than having someone who is expert at grading go through hundreds or even thousands of cents to send in the few best pieces. These MS66 coins that are graded are generally not sent in at random and are the result of long searches for the best coins. The odds are that if you sent all 47-coins in then you would be in the hole for quite a bit of money without any hope of digging out. If you use PCGS, which is the only company that will garner routinely large prices, then you will be paying $20 each to have the coins graded plus invoice fees and shipping both ways. It might work out to $24 per coin. Any coin less than MS66 will sell for less than $24 and it is likely you would have few, if any, MS66 coins. Right out of the box you would be underwater. Then you must take into account ebay and PayPal fees (about 13%) plus shipping to the buyer. You will lose money.[/QUOTE]
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roll of like new 1958 wheat pennies
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