Are you looking for a place to sell wheat pennies in your area? Are you looking for a fair price for your wheat pennies? You will be interested to learn that there is a growing market for wheat pennies as of this writing. Pennies that were once considered worthless are now being bought by people who walk away with good cash.
Wheat pennies can be considered numismatic pieces with different values. It is the rareness of the penny that determines its worth.
A Brief History of Wheat Pennies
Lincoln pennies were the first wheat pennies to be minted. They were made between 1909-1958. These pennies were widely distributed and minted in large numbers. In 1944, as the Second World War was coming to an end, there was a high level of mintage. Nearly 1.5 million wheat pennies were minted and circulated.
On the 100th anniversary of Abraham Lincoln’s birth, the idea for producing pennies was born. Theodore Roosevelt, the serving president at the time, thought it best to unveil the coins in honor of the life of Abraham Lincoln, who many still consider the greatest president of America.
There are many types of wheat pennies. There are many factors that affect their value, including their rarity. It is possible to determine which type of wheat penny your have by looking at its materials, mint marks (or lack thereof), printing errors, and many other factors. Below is a list of the types of wheat penny and their average values.
Where can I sell wheat pennies
Before we get into the details of where to sell your wheat pennies. If you have rarer pennies of wheat, however, you can make good money.
Here are some places to sell your wheat pennies online or in-person for cash!
1. Local coin sellers
If you’re looking to sell your wheat pennies, the best place to start is to go to a local coin shop. Coin sellers keep a stock of coins that they can resell to collectors or other interested groups.
Good news: Most of these sellers will give you a fair price for your coins. It is easy to sell to them without any hassles. They won’t buy at the highest market price because they want to make a profit on reselling them.
If your pennies are rare or a collection, you can sell them at auctions. We recommend this option if your pennies are rare and not currently in circulation. Auctions offer the best opportunity to sell at a high price.
Online auction houses or physical auctions are both options. Auction houses are a great way to get pennies. There will be many collectors there to offer their services. A bidding war can drive up the price of a rare penny, or set, and you will be a happy buyer.
3. Online sites
Online websites allow you to buy and sell pennies, and other rare coins. These websites allow buyers and sellers to trade directly or create a marketplace where both sides can transact business.
If the website is a collector site, they will assess the penny and make you an offer that you can accept or reject.
You can set your price on an open platform such as eBay or the likes and have collectors pay you. Some websites allow you to list your pennies free of charge, while others charge you for listing. After the sale closes, you might be charged a service fee, usually between 5-10% of your selling price. Shipping the item to the buyer will be your responsibility.
To get the best price, you can list your pennies on as many websites as you like. You can’t accept more than one offer for the same coin.
4. Shows of coins
A place where collectors gather is another place to sell wheat pennies. Because people visit coin shows for one reason, they are the best option.
Items such as tokens, gambling chips and ornaments, as well medals and trophies and wheat pennies, are sold at coin shows. Expert numismatists can also be found at these shows and will be able to value your pennies so that you know how much it is worth on the open market.
Selling at coin shows has the advantage of having access to many buyers who will offer different prices. Instead of visiting multiple websites and stores, you can simply go to one place that all potential buyers congregate to buy or sell these items.
There is one drawback to this: you may have to wait several weeks or even months before your pennies can be sold at a local event. Coin shows may not be the best option for you if you are short on time.
5. Pawn shops
If you are looking to sell or buy wheat pennies, pawn shops are not something you should overlook.
The pawn shop is the master of all trades in the collection industry. Pawnshops can buy any item of value they can sell for profit in the future, while coin collectors are focused on precious stones.
You should contact a pawnshop near you to find out how much they will accept for your wheat pennies.
Although pawnshops may have their own methods of valuing an item’s value, they might give you a far lower price than it is worth.
If you’re looking to sell to a Pawn Shop, it is a good idea not only to be safe but also to compare prices. You will receive the best possible price.
However, this option should be near the top of your list when it comes to selling wheat pennies. It is almost certain that you will get a better price at any of the four other places.
Final Thoughts: Selling Wheat Pennies
There are many other places you can sell your wheat pennies for money, including iron smelters or blacksmith shops. These professionals are experts in metals and can offer you a fair price for your pennies.
There are many places to buy wheat pennies at a fair price today. You might be able turn pennies into thousands or hundreds of dollars if you have the right pennies.
Where to Sell Wheat Pennies Five Great Options for Dollarsanity.
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