5000 Wheats = $240?

[CincinnatiKid]

Hello all.
I'm considering purchasing a bag of 5000 Wheaties for $240 from a coin dealer I've recently been introduced to. Great guy.
I work outdoors, so when it rains I enjoy searching coins. I've thus far purchased a few pounds. Got a few good fillers out of an open bag.
The last full bag produced a 1909S VDB in about good condition. Dealer repurchased this coin for $425.
But really, what are the chances these days of finding an outstanding cent?
To buy or not to buy is my question.
Thanks
Peace ✌

 

Amazon Forum Fav 👍

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

[DeepseekerADS]

$0.048 per cent.

I don't believe you can go wrong with this deal even if you don't find a big buck coin. Wheats are always keepers, IMO.

 

[Showtime2385]

Not a bad price, plus if you say you enjoy searching them then have some fun!

 

[dejapooh]

I don't know. Seems high to me. Lets say you buy them. You will have multiple duplicates for just about every common date. Lets say you pull 50 semi-key coins (maybe $1 each). Then what? How do you get rid of the rest of them? Seems like a collectible dead end to me (I am involved in Olympic Pin trading. It often happens that some one will come over with a great pin to trade. I will give them 20 or 30 pins for it. They will take my pins and go and trade them with other people. They come back to me and will have 3 or 4 that I want. I may give them 10 more pins. They take those and trade them. Eventually, they find themselves in a collectible dead end. They are unable to make any more trades, because they don't have anything that anyone else wants). Lets say you have 4900 common wheat cents. What do you do with them?

 

[CincinnatiKid]

Thanks.
The Wheats I have and/or will have won't see a CoinStar machine, obviously.
But that brings up a good point. What does a person do with searched copper cents?
It would be unacceptable to sell searched cents as unsearched. It surely happens though.
That's my worry. Every single Wheat I've purchased, has probably been searched, yet proclaimed not. Who knows.
Still fun though...
Peace ✌

 

[GlenDronach]

I wouldn't have sold the S VDB back to him. I would have bought the rest of the pennies before he found other key dates in there!

 

[kingskid1611]

Buy them, search them, then slowly put them back in the wild for the younger generation to get that itch.

 

[Joe777Cool]

I wouldn't have sold the S VDB back to him. I would have bought the rest of the pennies before he found other key dates in there!

big mistake selling the svdb back to the same dealer! I'd normally say the price is high, but since the dealer clearly doesnt search them, and you enjoy going through them, I dont think its a bad deal.

and btw....release them back into the wild Guess I'm just not that generous.....I'd be selling on ebay or craigslist

 

[ckrakowski]

5000 for $240. i think this is to high but that is just me so please do not attack me. i bought 10000 wheats off of ebay for less then $200.

 

[baddbluff]

5000 for $240. i think this is to high but that is just me so please do not attack me. i bought 10000 wheats off of ebay for less then $200.

$240 is a little high (unless there's an 09s VDB in every bag). 10000 for $200 is a steal (unless they are all corroded 58d). I've never seen them that cheap on eBay in the almost 20 years I've been on eBay. Not attacking - just sayin. That's 2c each. Plain copper pennies were selling for that not long ago.