Did I waste my Money??

[engine 823]

Well I went looking banks yesterday and thought I would stop at a pawn shop. I asked if anyone had brought in old money and he pulled out a dirt sack of wheat cents. I asked how much he wanted and he said $5.00. Well I bought it on the hopes It would be worth it later. It had 176 wheat ears and a hand full of canadian cents that I gave to my son.
Here is what it held:

1917 x 1, 1920 x 2, 1926 x 1, 1927 x 1, 1934 x 2, 1935 x 2, 1936 x 1, 1938 x 2, 1940 x 2, 1940D x 1, 1941 x 7, 1941D x 1, 1942 x 6, 1943 steel x 5, 1943S x 1, 1943D x 2, 1944 x 16, 1944D x 2, 1944S x 2, 1945 x 2, 1946 x 7, 1946D x 3, 1947D x 1, 1948 x 2, 1949 x 1, 1949D x 1, 1950 x 3, 1950D x 6, 1950S x 1, 1951 x , 1951D x 8, 1951S x 1, 1952 x 3, 1952D x 11, 1953 x 1, 1953D x 8, 1954 x 1, 1954D x 5, 1955 x 3, 1955D x 5, 1956 x 5, 1956D x 15, 1957D x 8, 1958 x 3, 1958D x 12, Also Two Unreadable dates (191?) (194?)

What you all think?? $5.00 to much??
I also bought an American Eagle Silver Dollar 1 OZ Silver for $21.50. I think I did alright with that since it is below melt.

Talk soon

 

[ArkieBassMan]

The wheaties were a good deal. Anything less than 3 cents each is good. Not a huge bargain, but you certainly didn't overpay either. I would have bought them at that price just to look for key/semi-key dates.

Now the ASE for $21.50 is a real bargain! If he has more, I would buy all he has at this price...quickly.

In my opinion, you have a pawn shop that you need to check on at least a semi-regular basis. Apparently, the owner is not quite up-to-date on coins, or at least doesn't keep up with the daily spot price of silver, and there might be more bargains just waiting to be snatched up.

 

[festiva_ford]

I'v seen many people buy rolls of wheats for 5 bucks each at my local flea market. Seems worth it!

 

[engine 823]

Thanks guys!!! I felt good about the American Eagle Dollar but I was afraid I over paid for the wheats. I looked at the price in the coin guide though and most were around .25 - .30 cents in good condition. I will for sure keep an eye out at that place.

 

[GMan00001]

I would buy all the wheat pennies I could at 3 cents or less each and hope to find better date/condition ones to pick out. From what I have seen dealers seem to offer about 3 cents each when buying them so worst case it's a break even scenario.

 

[AGCoinHunter]

Go buy all the ASE's you can at that price. Hard to find 1oz of .999 AG cheaper than that. Better yet, buy me some.

 

[engine 823]

Hey Guys!!! Part 2 of did I spend too much?? I found another pawn shop that had coins under melt values as of today. I bought a (1943 D Nickel for .50 cents), (1961 D Dime for $1.00), ( 1961 D Quarter for $3.00), (1963 D Half Dollar for $5.00 )
Total .67 Troy Ounce For $9.50
$8.40 under current melt Value

 

[fistfulladirt]

Hey Guys!!! Part 2 of did I spend too much?? I found another pawn shop that had coins under melt values as of today. I bought a (1943 D Nickel for .50 cents), (1961 D Dime for $1.00), ( 1961 D Quarter for $3.00), (1963 D Half Dollar for $5.00 )
Total .67 Troy Ounce For $9.50
$8.40 under current melt Value

Good deal! None of the pawn shops in my area carry coins, one did at one point, but would not sell, go figure.