Would any of you buy this?

[Skrimpy]

Would any of you try this?
http://cgi.ebay.com/SEALED-AND-UNSE...8QQihZ011QQcategoryZ11943QQrdZ1QQcmdZViewItem
I am very skeptical of this never being opened. I don't think a person who knows that single coins could be worth more than the whole bag would NOT go through it to pluck those out. Especially since they talk about how you might find a rare coin in there.

 

Amazon Forum Fav 👍

Agony and Death on a Gold Rush Steamer: The Disastrous Sinking of the Side-Wheeler Yankee Blade - Grab it through Amazon!

[EDDE]

nothing is unsearched come on would you give away a 1000 dollar coin for pennies.....
album fillers

 

[jeff of pa]

Yes I believe they have been Sealed & unsearched for 20 Years.
and yes being that large of an amount. a Rare coin could slip through.
Your eyes would go Buggy Searching that many Pennies, and you would give up. over 1000 per bag, how many bags were in the original hoard ?

Value $89.95 ? Absolutely not.

$25.00 a Bag, Maby.

 

[98 gt]

a pound of wheats will go anywhere from 12-16 dollars. so lets say 1000 pennies in the bag, 145/lb. roughly 7 lbs. multiply by about 13 and lo and behold more than they are going for...
unsearched could mean just that... i pay the local dealer about 12 (sometimes in a good mood he'll give em to me for 9 or 10) and i've found 2-1914d's teens S mints 1-1931s and 1-1909s, he is glad to hear this... because i come in telling him and it drives his sales up when i mention finding a key or semi key while in there. last time i went i told him i found the 09s and as soon as i left the guy who was watching us came up and bought 25lbs of the wheats...
me, i buy in bulk and i am happy with the results.

 

[EDDE]

i think more my point is its ebay
possible maybe that a few of these "sealed bags" are out there
but the doubting thomas in me says
bags bombs guns can be bought and modified

 

[desecrator]

Well, I just bought one...

I'll give a detailed tally of my results once it arrives. I don't really think that it will be a great deal, but I'm fascinated. I'm actually more interested in seeing if its a scam than in the coins I might get. I figure it this way... If I went out for two hours of detecting and found five wheats, I'd call it a good day. Even at minimum wage here, that's $14 worth of labor... So, for the $100 worth of labor (I paid $99 for the lot w/ shipping) I'd expect about 36 wheats. So I'm getting about 27 times the wheats for the money... And even if I get skunked, I'll at least answer the question at hand... "Is it worth it?"

 

[snorton750]

Lets look at a couple things, first, sealed 20 years ago. 86 was 26 years after the wheats ended. Second, the comment "not searched by our company" Ok but who searched them before the bags were sealed and what were they looking for. Remember that 20 years ago a 1909s vdb was considered a key and highly valued already. It could be that they were only looking for specific date/mint coins. If there are 1000 cents in the bag they would have to average about 8+ cents each, remember that would be an average. One coin with a high value could offset a larg number of 2 cent cents. Anyway I guess what it comes down to in my mind ( oops let me locate that again, oh here it is) is that if you have an extra 90 dollars you can spend without hurting youself, it sounds like an interesting proposition, and who knows you might just find that 09s vdb. Hope I havn't confused the issue. Good luck if you do buy. HH Stan...

 

[coolcash2004]

I get 1000 for 40 bucks. Have found indians mixed in along with an 11 S.

-CC

 

[diggummup]

Sorry bout your luck! I wish you would of waited.They will be wheat cents but....Common circulated wheats are not worth 10 cents a piece.

Well, I just bought one...

I'll give a detailed tally of my results once it arrives. I don't really think that it will be a great deal, but I'm fascinated. I'm actually more interested in seeing if its a scam than in the coins I might get. I figure it this way... If I went out for two hours of detecting and found five wheats, I'd call it a good day. Even at minimum wage here, that's $14 worth of labor... So, for the $100 worth of labor (I paid $99 for the lot w/ shipping) I'd expect about 36 wheats. So I'm getting about 27 times the wheats for the money... And even if I get skunked, I'll at least answer the question at hand... "Is it worth it?"

Yeah but you could go to the bank and buy rolls at face value.Pick out the wheats and get the rest of your money back.With cent rolls I average about 1 wheat every other roll or so.
By the way,they keep your user id private so others can't email you and tell you it's a scam.Then when you read his feedback you will see that the item# is kept private so you don't see how many dozens of bags of unsearched wheat cents he has actually sold.Another thing if you will notice that many of the customers who purchased from this guy are pretty new to ebay.That's how they hook 'em.Buyer beware.The ad says San Fransisco mint.You think these are all "s" mint marks? I highly doubt it.That alone should be worth a refund.Good luck,your gonna need it I think.

 

[Skrimpy]

I didn't buy them. was just thinking

 

[Postalrevnant]

Sure is a whole of peps with feedback about 1909 VDB's and other finds. Hmm. That makes me even more sceptical to see them highlighting those responses. Besides no way I pay that much.

Just my 2 cents.

Postalrevnant

 

[desecrator]

Sorry bout your luck! I wish you would of waited.They will be wheat cents but....Common circulated wheats are not worth 10 cents a piece.

Well, I just bought one...

I'll give a detailed tally of my results once it arrives. I don't really think that it will be a great deal, but I'm fascinated. I'm actually more interested in seeing if its a scam than in the coins I might get. I figure it this way... If I went out for two hours of detecting and found five wheats, I'd call it a good day. Even at minimum wage here, that's $14 worth of labor... So, for the $100 worth of labor (I paid $99 for the lot w/ shipping) I'd expect about 36 wheats. So I'm getting about 27 times the wheats for the money... And even if I get skunked, I'll at least answer the question at hand... "Is it worth it?"

Yeah but you could go to the bank and buy rolls at face value.Pick out the wheats and get the rest of your money back.With cent rolls I average about 1 wheat every other roll or so.
By the way,they keep your user id private so others can't email you and tell you it's a scam.Then when you read his feedback you will see that the item# is kept private so you don't see how many dozens of bags of unsearched wheat cents he has actually sold.Another thing if you will notice that many of the customers who purchased from this guy are pretty new to ebay.That's how they hook 'em.Buyer beware.The ad says San Fransisco mint.You think these are all "s" mint marks? I highly doubt it.That alone should be worth a refund.Good luck,your gonna need it I think.

Like I said, I'm doing this more to answer the question at hand... I'm taking one for the team, so to speak. If I score some good dates, great, if not, its still a big old pile of wheats. I do about $50-100 worth of pennies per week, and I average about 5-10 wheats per $10. Unfortunately, 99% of the wheats I find while CRH are post 1940. So, I'll give a breakdown of what I find and we shall see.

 

[desecrator]

OK here's the totals:
1909 VDB -1
1916 -1
1917 -1
1918 -2
1919 -1
1920 -8
1923 -1
1924 -1
1925 -2
1926 -5
1927 -3
1927S -1
1928 -6
1929 -5
1929S -1
1930 -3
1930D -1
1934 -6
1934D -1
1935 -19
1935D -1
1935S -2
1936 -5
1936S -8
1937 -7
1937S -6
1938 -3
1939 -18
1939S -1
1940 -32
1940D -2
1940S -1
1941 -34
1941D -10
1941S -2
1942 -34
1942D -6
1942S -1
1943 -18
1943S -1
1944 -80
1944D -29
1944S -3
1945 -49
1945D -13
1945S -1
1946 -49
1946D -12
1947 -10
1947D -13
1948 -25
1948D -16
1948S -1
1949 -35
1949D -4
1950 -20
1950D -9
1950S -2
1951 -8
1951D -35
1951S -2
1952 -8
1952D -40
1952S -2
1953 -19
1953D -32
1953S -2
1954 -2
1954D -16
1954S -2
1955 -18
1955D -13
1955S -1
1956 -34
1956D -32
1957 -46
1957D -45
1958 -18
1958D -24

My thoughts are this. I'd be inclined to say this isn't a scam if it weren't for the 09 VDB, which is in beautiful condition. Basically, the results are what I'd expect if one were to pull wheats from circulation 20 years ago... mostly 40s and 50s, a fair amount of 30s and a few beat up teens and 20s. It is very similar to the distribution I get from CRH. But the VDB is just WAY out of place. It HAD to be placed in the bag recently. As for the bulk of the coins, they may very well be unsearched. So my bag was not worth the $, but it was still fun...

 

[Skrimpy]

OK here's the totals:
1909 VDB -1
...But the VDB is just WAY out of place. It HAD to be placed in the bag recently...

Why do you say it had to be placed recently? We keep seeing people finding walkers, franklins, and on rare occasions, Barber halves in their boxes...sometimes filled to the brim with those walkers and franklins. How come those are still sitting there? I kind of think that they may have been searched, just searched in the 80s when they were sealed. Those VDBs weren't liked. Or it could have been an elderly person doing the searching. Those initials are small.

 

[coolcash2004]

I found a 1915 wheat cent in circulation last week!

-CC

 

[desecrator]

OK here's the totals:
1909 VDB -1
...But the VDB is just WAY out of place. It HAD to be placed in the bag recently...

Why do you say it had to be placed recently? We keep seeing people finding walkers, franklins, and on rare occasions, Barber halves in their boxes...sometimes filled to the brim with those walkers and franklins. How come those are still sitting there? I kind of think that they may have been searched, just searched in the 80s when they were sealed. Those VDBs weren't liked. Or it could have been an elderly person doing the searching. Those initials are small.

Because the coin was in at least Ex Fine condition. All the other from the teens and 20's were in very worn condition. Anything is possible though.

 

[diggummup]

Way to take one for the team desecrator! Thanks

 

[Skrimpy]

Did you add up all their approx values? I see there are not many before 1920, and almost anything after 1920 is face value. Especially if it's worn. What a scam. They are passing off $5 coins for 80 bucks. That is a bunch of crap.

 

[desecrator]

Did you add up all their approx values? I see there are not many before 1920, and almost anything after 1920 is face value. Especially if it's worn. What a scam. They are passing off $5 coins for 80 bucks. That is a bunch of crap.

Yeah, I pretty much agree. But the reality is, rare coins are just that... rare. If this was a case of people pulling all wheat cents that they found in circulation 20 years ago, this is the distribution of coins that I would expect. Pulling key dates from circulation is unlikely, even in a quantity of 1000. I am sure, however, that the VDB was included as a pacifier. I will say though that many of the 30's, 40's and 50's dates are in fine to ex fine condition. So I'm sure I lost money, but it was quite interesting

 

[Skrimpy]

Sorry you lost on the deal. Guess that's why you can't beat buying the bags and boxes from the bank. They cost you face value and they have to give you face value for what you give back!