What price would wheat cents cost?

Discussion in 'Coin Chat' started by Derekg, Nov 20, 2010.

  1. Derekg

    Derekg Member

    Well i got a person who wants to sell me wheat cents although im not really good at getting a good price as i mostly get scammed so what would be the range price for around 1910-1926 wheat cents ea? would 20c be ok for lets say an ok penny where date/head/memorial still be visible? and for 1927-1944 be ok for 15c?

    Is that a good deal?
     
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  3. gopher29

    gopher29 Coin Hoarder

    I wouldn't pay more than 4¢ or 5¢ for common wheats from the 40s and 50s. Maybe 15¢ - 20¢ for wheats from the 30s and maybe 25¢ for those from the teens and 20s. you should really get a book though and learn what dates are scarce and how to grade these coins. For example, while a 1917 wheat cent might only sell for a quarter a 1917-s can fetch a buck or two.
     
  4. vnickels

    vnickels Matt Draiss Numismatics & Galleries

    1940-1958 value 2.5 cents
    1930's value 3 cents
    1920's value 4 cents
    teens 5 cents
    hope this helps
     
  5. Phil Ham

    Phil Ham Hamster

    Yes; it agrees with what I'm seeing at local auctions.
     
  6. gopher29

    gopher29 Coin Hoarder

    Those prices seem a little low to me. I don't know about your local auctions but I don't think you're going to be able to purchase a roll of teens for $2.50 or a roll of twenties for $2.00 off of Ebay. Especially when you take the shipping into consideration.
     
  7. quartertapper

    quartertapper Numismatist

    This is what I've been seeing too. About a nickel a piece for wheaties seems to be average on the bay. Your teens and twenties may fetch a bit more, but not if they damaged or AG's with barely readable dates.
     
  8. BadThad

    BadThad Calibrated for Lincolns

    Those would be closer to wholesale values. My local dealer pays 2.5 cents and sells for 5 cents. However, his are all mixed, he doesn't care what the years are and it doesn't really matter.

    If you buy Wheats on ebay, generally you over-pay 99% of the time once you factor in shipping. I can go to my dealer any day of the week and buy a 5000 ct bag for $250 out the door. It will have pretty much every decade in it from 1909 up.
     
  9. vnickels

    vnickels Matt Draiss Numismatics & Galleries

    thats is what my colleague can get from hsn
     
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