1944 Penny pocket change find. Is this a good coin to have graded?
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Best Answers
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jonathanb Posts: 3,661 ✭✭✭✭✭
I would not have it graded. However my opinion is irrelevant.
Serious question: Why would YOU consider grading this? Are you looking to make money? Are you looking for prestige? Do you like all of your coins are in plastic?
Whether YOU should have it graded depends on what your goals are.
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coinbuf Posts: 11,552 ✭✭✭✭✭
A neat change find, but only worth the 1 cent face value, not a coin to submit.
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MFeld Posts: 13,966 ✭✭✭✭✭
@coinbuf said:
A neat change find, but only worth the 1 cent face value, not a coin to submit.Things aren’t quite that bad - the coin’s worth about three times what you said.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
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CaptHenway Posts: 32,385 ✭✭✭✭✭
A coin worth three cents put into a $20 holder is still worth three cents.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.3 -
jonathanb Posts: 3,661 ✭✭✭✭✭
@CaptHenway said:
A coin worth three cents put into a $20 holder is still worth three cents.Oh, I don't know. Someone might pay a dollar or two for the novelty. Here's a similar example: https://www.ebay.com/itm/134285057386
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coinbuf Posts: 11,552 ✭✭✭✭✭
For the copper value sure, and if it ever becomes legal to melt copper cents then I'd agree with your assertion, but until then I'll stick with my one cent value.
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MasonG Posts: 6,261 ✭✭✭✭✭
@coinbuf said:
For the copper value sure, and if it ever becomes legal to melt copper cents then I'd agree with your assertion, but until then I'll stick with my one cent value.
I'm sure you won't have any trouble finding people who will buy your wheat cents for one cent each. How many do you have to sell?
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MFeld Posts: 13,966 ✭✭✭✭✭
@coinbuf said:
For the copper value sure, and if it ever becomes legal to melt copper cents then I'd agree with your assertion, but until then I'll stick with my one cent value.
I wasn’t referring to their copper value, but rather, about what they typically sell for.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
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coinbuf Posts: 11,552 ✭✭✭✭✭
I'm not in the dealer business so what a dealer pays for common date culls is not important or relevant to me, as a collector I don't collect such items so the coin is worth 1 cent to me. You are free to place whatever value you choose to on it.
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MFeld Posts: 13,966 ✭✭✭✭✭
@coinbuf said:
I'm not in the dealer business so what a dealer pays for common date culls is not important or relevant to me, as a collector I don't collect such items so the coin is worth 1 cent to me. You are free to place whatever value you choose to on it.
Your initial post didn’t indicate that “…only worth the 1 cent face value…” was what it was worth to you. It doesn’t really matter what it’s worth to you or to me. The value is determined by the marketplace.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
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coinbuf Posts: 11,552 ✭✭✭✭✭
@MFeld said:
@coinbuf said:
I'm not in the dealer business so what a dealer pays for common date culls is not important or relevant to me, as a collector I don't collect such items so the coin is worth 1 cent to me. You are free to place whatever value you choose to on it.
Your initial post didn’t indicate that “…only worth the 1 cent face value…” was what it was worth to you. It doesn’t really matter what it’s worth to you or to me. The value is determined by the marketplace.
Actually, it does matter as I would only pay one cent, so what the market values it at is not relevant to me. That would only be relevant if I was in the market to buy or sell such a coin, which I am not. You can continue to pick nits all night if you like I'm done with this nonsense.
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MFeld Posts: 13,966 ✭✭✭✭✭
If trying to provide an accurate value (as opposed to understating it) is picking nits, I’ll continue to pick. Thank you.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
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jmlanzaf Posts: 35,211 ✭✭✭✭✭
@coinbuf said:
For the copper value sure, and if it ever becomes legal to melt copper cents then I'd agree with your assertion, but until then I'll stick with my one cent value.
It has nothing to do with the copper value. Bulk wheat cents sell for $180 per bag.
Please don't spread misinformation.
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jmlanzaf Posts: 35,211 ✭✭✭✭✭
@MFeld said:
If trying to provide an accurate value (as opposed to understating it) is picking nits, I’ll continue to pick. Thank you.These low ball value estimates pop up all the time on the forum and yet people insist that the BST is a good place to sell coins....hmmm.....
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ricko Posts: 98,724 ✭✭✭✭✭
@lcourtney123 ... A worn wheat cent, with some PMD due to handling. Good for a date sequence album. I keep wheat cents I get in circulation. Cheers, RickO
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davewesen Posts: 6,376 ✭✭✭✭✭
3.8 g is really heavy, can you compare diameter and thickness to other Lincolns?
and then weigh again to see if that is correct, should be closer to 3.0 g with that wear
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