1914-D Cent, Clipped Planchet
Wahoo554
Posts: 1,138 ✭✭✭✭✭
My coworker asked me to look through an old collection he inherited and I came across this 1914-D cent. I don’t know how to grade Lincoln cents, but seems like it’s a strong VF possible stretch XF? Has some old obverse hairlines, but maybe it would straight grade. It seems the clipped planchet (though not major) may increase the value. I told him I thought he should probably get it graded if he wants to sell it. Thoughts? These are the pics.
7
Comments
Agree; get it certified.
I bet @seanq would love that one!
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
Yes! CALLING @seanq !!!!!!!
I have sent the Bat Signal!
Anything clipped and posted to this forum IS the Bat Signal 😆
Attracts @seanq like a moth to the flame!
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
Nice!
With a key (or semi-key) date like this, a small clip might actually reduce the value. A lot depends on finding the right buyer, whether or not it's slabbed.
I'm thinking that would be @seanq
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
Beware:
The cursed marriage of a Key Date with a Mint Error!
.
30+ years coin shop experience (ret.) Coins, bullion, currency, scrap & interesting folks. Loved every minute!
Two for the price of one.
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
That is incredibly cool!!! Very genuine and the quality of the planchet is lovely.
"But seek ye first the kingdom of God and His righteousness and all these things shall be added unto you" Matthew 6:33. Young fellow suffering from Bust Half fever.
BHNC #AN-10
JRCS #1606
White elephant coin?
Wow, you guys were not going to let me miss this one.
The coin and the clip look unquestionably genuine. You can absolutely get it graded as an error coin with the clip noted on the holder, but I don't know for certain that you are maximizing the value by doing so. That coin is a textbook "white elephant" - someone who wants a clipped wheat cent is unlikely to pay up for a key date, and someone who wants a nice mid-grade key date will probably prefer one without an error. I am pretty sure that an error holder will also disqualify the coin from being in a registry set.
Over the last several months, a good friend of mine has been selling off a lifetime collection of clips through Great Collections, and most of his key dates have not sold much of a premium over a normal coin. For example, he had a 1909-S VDB with a clip in a PCGS60BN holder that sold for $1743 (including the fees), the last two examples in PCGS MS61BN showing on Coin Facts sold for $1620 and $1740. He also sold a 1955 Doubled Die with a clip in PCGS AU53, it hammered for $2028. The last five sold in the same grade per coin facts went for $2000, $2055, $2100, $2160, and $2280. Another good example was his 1918/7-D Buffalo in PCGS VG10, sold for $1180, previous recent sales were $1140, $1170, and $1080.
He had a couple that realized a premium, but not multiples, for example his 1942/1 Mercury dime in NGC25 went for $603 against previous sales in the same grade of $456 and $550. He had a 1909-S/horizintal S in PCGS 63RD that hammered for $731, the last auction before that was seven years ago and realized only $475. And nothing I could find went for a discount under a non-error, which can happen, I know as I have bought and sold a few. I am also not including anything in a details holder, as those always sell at discounts and there is nothing about your friend's coin that makes me think it would not straight grade.
Now to your friend's coin - short of putting it in an auction, I would start out asking for about a 20-25% premium over the non-error value and see if you could find someone who capital-N NEEDS it for something like a date set (any resemblance to the author is coincidental
). Again looking at the PCGS CoinFacts auction results, I came up with the following ranges:
grade / auction range / asking price
VF30 / 350-450 / $500
VF35 / 450-600 / $675
XF40 / 600-800 / $900
XF45 / 800-1000 / $1200
Whatever he decides to do with the coin, I am interested in knowing. If I had it, I would honestly keep it raw and put it into my clipped cent album, with the intention of grading it if and when the time ever comes to sell the set.
I should add that this entire opinion is from a collector's perspective, based on 30+ years of history collecting and building a date set of clipped Lincolns, I highly recommend you solicit other opinions from error coin dealers as well.
Sean Reynolds
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
Plus, this coin would look a lot better outside that flip with a gentle coat of VERDI-CARE.
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
Not that anyone asked, but here is my current example from my date set, it was cracked out of an ANACS soapbox holder over 25 years ago and graded VG8.
Sean Reynolds
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
That's quite an amazing find!
God bless all who believe in him. Do unto others what you expect to be done to you. Dubbed a "Committee Secret Agent" by @mr1931S on 7/23/24. Founding member of CU Anti-Troll League since 9/24/24.
Some great feedback everybody. Thanks in particular to @seanq for the detailed analysis. The collection has been fun to go through. It was put together in the 50’s and 60’s by his aunt and is a bit of a time capsule.
Good! I suspect everyone here was wondering if you had one.
If it's to be got, Sean has probably got it.
I used to own the 1909s VDB with the clip in MS60BN. Bought it for $1560 15 years ago and sold it for not much more than that after a few years.
Interesting - I know my friend acquired it to replace an NGC AU58, the latter coin was then offered by NEN for a long time on eBay. I used to own what is probably the finest example in NGC64RB, I actually downgraded to a circulated VF (my avatar) so I could put it in the album with the rest of the set. In researching my post above I was shocked how much the 64RB coins were selling for now, kinda makes me wish I still had it.
Sean Reynolds
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
Clipped planchets aren't for everyone. Sell it to someone who loves it.
Hell, I was wondering how many he HAD!!!
Love the OP’s coin- high grade and original surfaces…..
@seanq This part ... " I am pretty sure that an error holder will also disqualify the coin from being in a registry set."
is true.
Error coins will not go into registry sets.
I had that experience and had them regraded w/o the E code in the coin/cert number.
Sugar magnolia blossoms blooming, heads all empty and I don't care ...