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5 Places To Sell Wheat Pennies
May
Have you ever been searching for where to sell wheat pennies?
Do you may have greater than a number of of them and can prefer to get price in your collection? It is going to interest you to know that as of the time of writing this text, there’s a thriving marketplace for wheat pennies. Persons are walking away with good money for pennies they once thought were worthless.
Wheat pennies are numismatic pieces that command different values. The rareness of the penny is what determines its value.
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A Transient History of Wheat Pennies
The primary minted wheat pennies were called Lincoln pennies, and were produced between 1909 and 1958. These pennies were minted in great numbers and widely circulated. The yr 1944, on the time when the Second World War was winding to an in depth, saw a high rate of mintage, with near 1.5 million wheat pennies minted and circulated.
The concept to start out producing these pennies got here on the eve of Abraham Lincoln’s 100th birth anniversary. The serving president of the time, Theodore Roosevelt, felt it best to unveil these coins to commemorate the lifetime of a person many still regard as the best president of the USA.
There are a lot of various kinds of wheat pennies. Their value is determined by a lot of aspects, like their rarity. You possibly can tell what style of wheat penny you may have by things like its materials, mint mark (or lack thereof), printing mistakes, and more. Here’s a guide to wheat penny types and their average values.
Where to Sell Wheat Pennies
Before we go over the list of places where you’ll be able to sell your wheat pennies, you need to know that essentially the most common pennies is not going to bring you a fortune. Nevertheless, when you are lucky to have among the rarer wheat pennies, you stand to make good money from the sale.
Here’s where to sell your wheat pennies for money, in person or online!
1. Local coin sellers
The primary place to start out when you’re seeking to sell your wheat pennies is to go to the shop of an area coin seller. Coin sellers refill on coins that they resell to collectors and other interest groups.
The excellent news is that almost all of those sellers will give you a good deal in your coins. Selling to them is comparatively easy with none complications. But they don’t buy at the utmost market price, because they still wish to resell them for a profit.
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2. Auctions
You possibly can sell your wheat pennies at auctions if yours is a rare coin/collection. The truth is, we recommend this selection if you may have rare pennies that usually are not in circulation, because auctions provide the proper opportunity to sell for a really high price.
It’s possible you’ll pick a web-based auction house or a physical auction. The benefit of using auction houses is that there shall be dozens of collectors present to bid for the pennies. Whether it is a rare penny or set of pennies, a bidding war will drive the worth up, and you’ll be able to walk away a blissful seller.
3. Online web sites
There are online web sites that buy and sell pennies and other rare coins. These web sites either trade directly with buyers and sellers, or they create a marketplace for each parties to transact business with each other.
Whether it is a collector website, they may evaluate the penny and provide you with a suggestion that you just are free to simply accept or reject.
Whether it is an open platform like eBay and similar, you’ll be able to set your price and have collectors bud for it. While some web sites will allow you to list your pennies totally free, others will charge you for the listing. Moreover, it’s possible you’ll pay a service fee after the sale is closed, which is commonly between 5-10% of the selling price. You will even be chargeable for shipping the item to the client.
You possibly can advertise your pennies on as many sites as possible to get the most effective possible price for them. Just be sure that not to simply accept two offers on the identical coin!
4. Coin shows
One other place where to sell wheat pennies is a spot where collectors congregate. Coin shows are top-of-the-line options because individuals who visit these shows achieve this for one purpose alone: to purchase items.
At coin shows, items like tokens, gambling chips, medals, ornaments, trophies, and naturally, wheat pennies and other coins are bought and sold. At these shows, you will even find expert numismatists who can evaluate the worth of your pennies, so needless to say how much it’s price within the open market.
The benefit of selling at coin shows is that you may have access to a big collection of buyers who will give you different prices. Somewhat than visiting different stores and web sites, you’ll be able to go to a spot where potential customers all converge to purchase and sell these things.
If there’s one downside, it’s that you just might need to attend for several weeks or months for an area show before you’ll be able to sell your pennies. In case you don’t have time in your hands, coin shows usually are not the most effective for you.
5. Pawn shops
Pawn shops shouldn’t be unnoticed of your list if you should buy and sell wheat pennies.
Pawn shops are the jack-of-all-trades in the gathering business. While gemstone collectors give attention to precious stones and coin collectors give attention to coins only, pawnshops buy anything of value that they will sell in the long run for a profit.
If you may have a pawn shop near you, you need to approach the shop owner or attendant and see how much they may pay in your wheat pennies.
Pawnshops have their very own ways of evaluating the worth of an item, but they could provide you with a price that is way below its price.
To be on the secure side, consider approaching different shops so you’ll be able to do a price comparison when you are bent on selling to a pawn shop. This fashion, you’ll get the most effective price possible.
This selection ought to be at the underside of your list for where to sell wheat pennies, nevertheless. You possibly can almost actually get the next price at one in all the opposite 4 places!
Final Thoughts: Selling Wheat Pennies
Beyond the choices above, there are several other places where to sell wheat pennies for money, like iron smelters and blacksmith shops. These professionals deal in metals and should give you price in your pennies.
With so many options available today, you’ll be able to actually discover where to sell wheat pennies for price. So long as you may have the fitting pennies in your pocket, you may find a way to show them into a whole lot and even 1000’s of dollars!
