Some people buy Wheat Pennies by the rolls and some buy them by the bags. What you are buying are common date pennies. You’ll get some better dates in the 5,000 bags, but you probably won’t find any in the coin rolls. These coins have been searched over and over again. So why do their prices fluctuate all the time?
As with all coins, their numismatic market values are always worth slightly more then their metal content. So when copper goes up in value, so do the wheat pennies. If copper goes down, so does the market value of these wheat pennies.
All common gold, silver, copper, platinum, and palladium coins always go up and down in value. Since they are common coins, their values are based solely on the precious metal market. And when the metal market goes up and down, so do these common coins.
It’s actually a good thing to have common coins worth more then their valuable metal content. If this was not the way it is, all coins would be melted for their precious metal content every single time the precious metals market goes up. After a couple bull rides we may not have anymore coins to use.
So the next time you want to buy common coins to sell, it’s best to buy them when the precious metals market is down. It’s somewhat difficult to figure out when the markets are down. So the best thing for you to do is to play the waiting game. Go after these common coins when you see a slight dip in the precious metals market. And since precious metals go up and down all the time, I don’t think you will have a hard time looking for bargains. If a certain metal is up, another may be down. So keep checking if you want to save money.