What's a fair price?

Discussion in 'Coin Chat' started by adam1, Mar 14, 2011.

  1. adam1

    adam1 New Member

    For the buyer and seller on wheat pennies buy the pound?
     
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  3. GDJMSP

    GDJMSP Numismatist Moderator

    People are always trying to disguise the actual price by changing the wording of their ads. Some sell by the pound, some by the bag, some by a given number. But about the only way you ever know what you are really paying is to do the conversions yourself.

    Prices for bulk wheats will vary greatly depending on the seller as well as the coins they chose to put in the lot. As a general rule, lots that contain older wheats ('40s and prior) and lots that contain S mint coins are more expensive. Lots that contain newer coins and fewer S mint coins are less expensive. And coins with a great deal of wear are also less expensive.

    So there is no way to really answer your question without defining what you are buying. That said, prices will vary from 2-3 cents per coin to 6-7 cents per coin depending the seller and the actual inventory.
     
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