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Newbie question - Jar of Wheat Pennies

New to the forum after recently returning to collecting after long hiatus.

?? An acquaintance has a large jar of unsearched wheat pennies that he has been saving.  I would like to buy the pennies; however, he thinks someday he can sell the jar to a dealer for big bucks. After some searching I doubt anyone would pay the "big bucks" he's hoping for.  Any suggestions as to where I could find blogs/articles etc. that would give real world info. as to whether dealers/collectors would buy a jar of wheat pennies and if so how much they might offer.

Thanks!!

2 months ago

I have no idea. If you have a copy of the Red Book, show him that most are only worth 5 Cents each. Or, show him listings on EBay with 5000 wheat pennies selling only  for $70.

2 months ago

@Jonas's Coins
I have no idea. If you have a copy of the Red Book, show him that most are only worth 5 Cents each. Or, show him listings on EBay with 5000 wheat pennies selling only  for $70.
 Thanks, good suggestion.

2 months ago

Other factors:
How big is the jar (amount of cents)

What does he consider "Big Bucks"

A dealer wont pay big bucks without looking through them first. They wouldn't stay in business long if that is their normal practice.

I have over 5000 wheat cents, also unsearched when I got them, without a single one being worth over 27 cents (with most being lower than 5 cents)

Your friend is suffering from wishful thinking. It is a serious disease I hear. He should get what he can and not what he dreams he can get.
Just my 2 cents.

2 months ago

Not a clue as long as there not sold here it's against the rules. I don't think he will find anyone they practically give them away. Mike

2 months ago

Thanks for the info.  Certainly plenty of info on the web to prove everyone's points.  I'll pass him the info. and bust his get rich scheme. Doubt he will sell me his jar. He'll probably keep saving, oh well, thanks again!!

2 months ago
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