Set of wheat pennies

Discussion in 'US Coins Forum' started by scorpio4frenz, Apr 30, 2009.

  1. scorpio4frenz

    scorpio4frenz Budding Numismatist

    I am looking at an entire set (P,D,S mints) of wheat pennies from 1941 - 1958 from a dealer. Found a listing locally...but before I decide whether to go for it, I really want to get an estimate of how much price to pay for it.

    Any help appreciated.
     
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  3. Arizona Jack

    Arizona Jack The Lincoln-ator

    depends on the grade !

    generic circ sets go about $5-10...
    A nice BU set can run you about $50 or so for nice 62/63 ish coins.....a true gem set will run multiples of that #
     
  4. scorpio4frenz

    scorpio4frenz Budding Numismatist

    The dealer mentions in the posting that the coins are circulated and mostly VF (not details mentioned).

    So, I guess anywhere around $7 -8 on an average would be ok
     
  5. Arizona Jack

    Arizona Jack The Lincoln-ator

    yep, sounds good. I get $7 for them in a tube at shows, they are steady sellers.
     
  6. CamaroDMD

    CamaroDMD [Insert Clever Title]

    Yeah, I'd agree that $7-$8 is a fair price.
     
  7. scorpio4frenz

    scorpio4frenz Budding Numismatist

    Thanks, ya'll. The dealer is throwing in a Harris folder with it ...selling it to me for even 11 bucks.

    Sounds like a fair deal. It'll save me hours of looking through bank rolls and finding a single wheat in tens of rolls, if at all!!
     
  8. CamaroDMD

    CamaroDMD [Insert Clever Title]

    I think it's a fair deal for sure...but those hours saved would be pretty fun hours. :D
     
  9. desertgem

    desertgem Senior Errer Collecktor Supporter

    If when you look at them, if they don't have bad black spots, corrosion,dark dark toning or light brassy "cleaned" look ( in other words a nice problem free avg VF group of cents, I would go $10 - $12, as I find most general book 2 sets have at least a couple of problem coins you have to replace and cost and postage would drive the set up.

    Jim
     
  10. Dollar1948

    Dollar1948 New Member

    Man..spend the extra coin and get BU examples..They are all cheap enough (2-3 bucks a piece max), and readily available for those years...and they look primo!!
     
  11. rlm's cents

    rlm's cents Numismatist

    Pay attention to that advice. Cleaned/problem coins are usually more problems than they are worth.
     
  12. Dollar1948

    Dollar1948 New Member

  13. CamaroDMD

    CamaroDMD [Insert Clever Title]

    I agree. Although...for being in the $10 range, it wouldn't be a big hit. But, definitely take a close look at them first.
     
  14. bqcoins

    bqcoins Olympic Figure Skating Scoring System Expert

    sounds like a pretty good price.
     
  15. scorpio4frenz

    scorpio4frenz Budding Numismatist

    unfortunately it didn't work out. I went to the dealer (as he liked to call himself...was actually someone without any clue about what he was selling...just had a bunch of old coins in really bad shape)...the coins were in terrible shape....wouldn't want to pay for anything of that nature.

    I guess I'll keep scouting ebay ....really want to get a neat set of wheats.
     
  16. scorpio4frenz

    scorpio4frenz Budding Numismatist


    Absolutely...I'm taking in all the advise I get on this forum....everyone has been helping me out a lot :thumb:
     
  17. rlm's cents

    rlm's cents Numismatist

    It is not that any one coin may be expensive to replace per se, but you have to have a dealer close who has them in stock. Not close = you may spent $5 on gas or postage. Not in stock give you the same results. And all of the does not count your time.
     
  18. BadThad

    BadThad Calibrated for Lincolns

    Good luck getting your Lincolns!

    The price of a BU (Brilliant Uncirculated) set would be worth saving your money for. In the year span you desire inexpensive coins are abundant. I'm sure you'd be better off buying from someone like Jack (dealer) or a collector with spares from this forum....something to keep in mind.
     
  19. bhp3rd

    bhp3rd Die varieties, Gems

    Please take your time and get nice coins.

    Please take your time and get nice coins. There is no reason to buy that junk that has carbon spots and have been cleaned - these are easy to find over time very nice and inexpensive - or go for the BU ones still fairly inexpensive.
    I recently put about 300 of these in my bargain boxes with prices from .35 to $1 and all these were AU/MS nice clean coins anyone would be proud to own.
    There is no reason to buy junk coins when others are readily available.
     
  20. jello

    jello Not Expert★NormL®

    try to fined the best Bu coin you can afford !
     
  21. CamaroDMD

    CamaroDMD [Insert Clever Title]

    I agree...but we also don't know how new to the hobby the OP is. I still have my circulated Lincoln set from these years I put together when I started years ago. I pieced it together from a bargain bin with the first coin I could find to fill the holes. It has some ugly coins...but it was cheap and fun to do. Now that I'm older, I can see myself doing a BU set for those years and I wouldn't regret the $10 or $15 plus time and whatnot for the set. The OP might be a young collector who just wants a set like this for now. For the price, it's not that big of a deal if you ask me. I would advise to look close at the coins first, but either way if you like the set...its not a big expense.
     
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