Not CRH, but still the right price...

[GMan00001]

I happened to be browsing some online ads today and came across an ad for 350 wheat pennies for $10 and they listed having multiple 1909's as well as a 1922 but also said No key dates....but I figured "what the heck!" Even if the wheats are all turn out to be commons it would still be less than 3 cents per wheatie...decent price.


I picked them up this afternoon and they came with three whitman folders. 1 folder of 1909-1940 (almost empty) and 2 folders of 1941-1958 (1 full, 1 almost full) as well as a bag of loose pennies in which I could see some steel pennies so I figured I probably did ok.

I haven't fully inventoried them, but my first count says I got even a better deal than advertised....

Turns out there were 457 wheat pennies and 32 memorial cents + 3 coin folders (all in decent shape).

The rough breakdown of the wheaties

3 - 1909 (Philly ) (1 - faint VDB)
32 - 1910-1919 (Philly)
1 - 1910-1919 (Denver)
6 - 1910-1919 (SF)
34 - 1920-1929 (Philly)
7 - 1920-1929 (Denver)
7 - 1920-1929 (SF)
57 - 1930-1939 (Philly)
35 - 1930-1939 (Denver)
3 - 1930-1939 (SF)
70 - 1940-1949 (Philly) (6 were steel)
59 - 1940-1949 (Denver) (5 were steel)
21 - 1940-1949 (SF) (2 were steel)
21 - 1950-1958 (Philly)
91 - 1950-1958 (Denver)
10 - 1950-1958 (SF)


so 185 pre-1940 wheat pennies...and one was a 1922-D in VG or so


Unfortunately when I asked if she had any other cions she said she had already sold all the silver... :P I asked what she got for it and she said 7X face for mercs and the like....oh well...you win some, you lose some.

Can't complain about what I did get.

 

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[silvercop]

wow 7X's facedon't get that kind of price in my area, but i am not selling right now anyway

 

[FingerGrime]

Seems like you got a pretty good deal!

 

[GMan00001]

wow 7X's facedon't get that kind of price in my area, but i am not selling right now anyway

I had a dealer at a coin show I was at about 2 weeks ago, paying 10X face and selling for 11X face. Almost bought a set of washington quarters from him (minus the keys) at 11X face.

 

[waseeker]

great job on the wheats. maybe the silver will be yours next trip out

 

[golden silver]

Any 1914d's in that bunch??

Golden Silver

 

[GMan00001]

Any 1914d's in that bunch??

Golden Silver

nah....the only real good dates were the 1922-D and the 1909 VDB

The rest were relatively common, but at least they were spread from 1909 through 1958 and not just lots of 40's and 50's.

 

[trezurhunter]

 

[Shake-N-Bake]

wow 7X's facedon't get that kind of price in my area, but i am not selling right now anyway

I had a dealer at a coin show I was at about 2 weeks ago, paying 10X face and selling for 11X face. Almost bought a set of washington quarters from him (minus the keys) at 11X face.

I must be lucky, I can buy silver all day long for 8.5 times face. Now if I could only find silver halves at face.

Jason

 

[XX]

wow 7X's facedon't get that kind of price in my area, but i am not selling right now anyway

I had a dealer at a coin show I was at about 2 weeks ago, paying 10X face and selling for 11X face. Almost bought a set of washington quarters from him (minus the keys) at 11X face.

I must be lucky, I can buy silver all day long for 8.5 times face. Now if I could only find silver halves at face.

Jason

APMEX is paying 9.8 x face for $1000 bags.

http://www.apmex.com/Product/24/1000_Face_Value_Bag_of_90_Silver_Coins_.aspx

You should scoop up all you can and turn it for a quick profit.

 

[thurmownator]

Nicely done there gman !

When finds are lean, you've got to get creative..........and like you said, you got more than you bargained for.

Kudos.