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1943 Steel Wheat Penny

I recently got these pennies graded and I am wondering what “surface plated” and “damage” means. Would the damaged one be worth anything? Thanks for any information!

Comments

  • Manifest_DestinyManifest_Destiny Posts: 2,949 ✭✭✭✭✭

    Many steel cents were "reprocessed" in the 1960's by cleaning and plating them. It's something that will be obvious if you look at enough steel cents. Unfortunately, they're worth only standard common wheat cent prices - about 4 cents each.

  • OwnerofawheatiehordeOwnerofawheatiehorde Posts: 1,432 ✭✭✭✭✭

    Surface plated means that someone plated the coins in zinc to make them look prettier. They are worth only about two cents raw, but since they’re graded you could get about a buck for them IMO.

    Type collector, mainly into Seated. Young Numismatist. Good BST transactions with: mirabela, OKCC, MICHAELDIXON

  • airplanenutairplanenut Posts: 21,849 ✭✭✭✭✭

    Surface plating is exactly that--the coin was plated to "refresh" the coin and give it a shiny new look. These are also called "reprocessed" steel cents. The coins end up looking polished and their value is effectively zero. The middle coin looks to be plated as well, but perhaps has some other kind of additional damage PCGS chose since they can only name one issue on a coin. Either way, a problem-free AU isn't worth much, and I imagine a damaged one--even if its surfaces are natural (which I don't think is the case here)--is also worth a few cents at most.

    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research
  • TomBTomB Posts: 20,591 ✭✭✭✭✭

    @airplanenut has given a very thorough and accurate answer, but all three answers as I type have been correct.

    Unfortunately, these are obviously plated if you are familiar with what they should look like. The reprocessing of these cents was a big deal in the hobby in the 1960s and/or 1970s and they were sold in shops all over the country in little packets like this.

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  • Thank you for the information. I am new to coin collecting and I wasn’t sure!

  • NeophyteNumismatistNeophyteNumismatist Posts: 847 ✭✭✭✭✭

    Welcome. You will have access to many expert coin collectors on this site (I am not one of them). I am also a new collector, but have learned a bit. Feel free to post coins here and get opinions before you buy them. People will be happy to give opinions on the coins (always include close, cropped photos of the front (obverse) and back (reverse) of the coin.

    Again - welcome to the hobby and the boards.

    I am a newer collector (started April 2020), and I primarily focus on U.S. Half Cents and Type Coins. Early copper is my favorite.

  • OAKSTAROAKSTAR Posts: 5,394 ✭✭✭✭✭

    Not sure of your motivation to get these coins graded, but next time come here first and ask the questions before you submit them.

    Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )

  • labloverlablover Posts: 3,543 ✭✭✭✭✭
    edited January 9, 2024 1:34PM

    @cm52627 said:
    Thank you for the information. I am new to coin collecting and I wasn’t sure!

    Welcome to the PCGS Forum!!! I don't think any of us were "sure" when we first started. There's a lot of knowledge around here, so don't hesitate to ask opinions. However, it helps to have a thick skin. :)

    Best of luck with your collecting, and what started you on this journey?

    "If there are no dogs in Heaven, then when I die I want to go where they went." Will Rogers
  • johnny9434johnny9434 Posts: 27,297 ✭✭✭✭✭

    You might like to get yourself a red book to help you as well 🙂

  • mr1931Smr1931S Posts: 5,929 ✭✭✭✭✭
    edited January 9, 2024 2:19PM

    Welcome to the forum! Go Lady Hawkeyes basketball players! :)

    Great spirits have always encountered violent opposition from mediocre minds.-Albert Einstein

  • ChrisH821ChrisH821 Posts: 6,271 ✭✭✭✭✭

    @johnny9434 said:
    You might like to get yourself a red book to help you as well 🙂

    Well, for these particular coins maybe stay away from the 2022 Redbook ;)
    (For those who aren't aware, the 2022 Redbook listed MS65's at a price wayyy too high.)


    My advice for a new collector is to buy graded coins, don't try to "make them".
    If you do buy ungraded coins, keep them ungraded. If you really want to grade a coin, use a dealer who can cull out ones that are not worth it.
    Welcome to the forum- there's a lot of good information here for those willing to absorb it.

    Collector, occasional seller

  • JBKJBK Posts: 14,492 ✭✭✭✭✭

    The other thing that occurs to me at a time like this is, how were they submitted for grading?

    Newer collectors should proceed slowly before joining a TPG. ;)

  • johnny9434johnny9434 Posts: 27,297 ✭✭✭✭✭

    @ChrisH821 said:

    @johnny9434 said:
    You might like to get yourself a red book to help you as well 🙂

    Well, for these particular coins maybe stay away from the 2022 Redbook ;)
    (For those who aren't aware, the 2022 Redbook listed MS65's at a price wayyy too high.)


    My advice for a new collector is to buy graded coins, don't try to "make them".
    If you do buy ungraded coins, keep them ungraded. If you really want to grade a coin, use a dealer who can cull out ones that are not worth it.
    Welcome to the forum- there's a lot of good information here for those willing to absorb it.

    The red book will help later on, fwiw 🙂

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