Buying some Wheat Pennies (in bulk) from a friend?

[Reverend B*IKE*]

I have a friend who knows I like collecting coins. He asked me if I woiuld like his pennies and other coins. What Should I offer for the pennies? I realize in bulk, I get about 1.47 wheaties for a pound, face value. doulbe or triple that value?
He also has a few nice silver coins which he would like to unload. I know about the blue book (wholesale values) which in generally about half of the red book is what I may offer for the silver coins. IT the pennies that puzzle me.
Thanks for any input!

 

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[Diver_Down]

3 - 4 times face is fair depending on how good a friend you two are. I've mentioned before on TNet about my grandfather's hoard that was left to me. Totes and containers filled with wheaties. I've never gone through them as it was too daunting of a task. Recently, I've been offering large lots on eBay. I've been getting 4 to 5 times face. It has already paid off for the one guy. He found a 1924 D in VF.

 

[HolyDiver]

A good price I paid for wheats online was $6 for 6 pounds.

 

[DAS7NY]

I buy unsorted wheaties from my local dealer for $.05 each. So it's like 1,000 for $50. Buy em for $.03 if you can, after all he is your friend! If his silver coins aren't in AU - MS condition, or they're just common dates, use this: www.coinflation.com/url]. Hope that...r! Have fun! :headbang: :headbang: :headbang:

 

[allen]

.3 cents each sounds like a good deal.

 

[SMPress]

All of the stores around here will give you 3 cents a piece. You will be cheating him if you offer less i would think...

 

[LemonThrower]

3.5 cents if he's searched them for rare dates; 4 cents for unsearched.

btw, i think there are 151 coppers in a pound.