FA: Old Lincoln Wheat Pennies

FA: Old Lincoln Wheat Pennies

Post by Phil DeMa » Sun, 26 Aug 2001 06:55:03




Quote:
> Check it out: [url snipped]

I did check it out and for the second time I will tell you that you cannot get
100 one pound lots of wheat cents out of 10,000 coins...not even close. Since
you are including some steel cents in the mix, you will need closer to 15,000.

++++++++++
Phil DeMayo
When bidding online
Always sit on your helmet

 
 
 

FA: Old Lincoln Wheat Pennies

Post by Andy » Sun, 26 Aug 2001 13:34:22


He does say "unsearched $50 bags". I would assume this to mean more than
one.

Quote:

> > Check it out: [url snipped]

> I did check it out and for the second time I will tell you that you cannot
get
> 100 one pound lots of wheat cents out of 10,000 coins...not even close.
Since
> you are including some steel cents in the mix, you will need closer to
15,000.

> ++++++++++
> Phil DeMayo
> When bidding online
> Always sit on your helmet


 
 
 

FA: Old Lincoln Wheat Pennies

Post by Phil DeMa » Sun, 26 Aug 2001 13:57:45


Quote:

>>> He does say "unsearched $50 bags". I would assume this to mean more than

one. <<<

Did you look at the auction?

He boldly proclaims 10,000 coins in the auction title. He is selling 100 one
pound lots.

10,000 coins/100 lots = 100 coins per lot

Unfortunately there are approxroximately 146 wheat cents per pound. Therefore,
he would need a minimum of 14,600 coins (not 10,000) in order to come up with
the stated 100 one pound lots (more with steel cents in the mix as there are
more of those per pound).

The seller was definitely not a math major.

++++++++++
Phil DeMayo
When bidding online
Always sit on your helmet