Indian Headdress Penny Error Coin
Desertau
Posts: 4 ✭
I’ve got this 1896 Penny with a grease dye error I think according to google one date number affected is a very minor and occurred fairly often so not generally profound or valuable. One this one the 8 and 9 are both impacted and the date digits are a pretty obvious error, so I guess still not much value or is this one at least worth having graded?
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As I’m looking at the penny images larger picture here it looks like the last two letters in America might has has a little grease in them also.
For most people, "worth having graded" is a question related to money.
You should be able to answer all three questions yourself.
If your original question is not related to money, then you need to explain what makes something worthwhile to you.
Well, I actually could only guess what it’s worth based on the information from Google and that estimate is based on less area affected by the coin but maybe $10 in that scenario. A more obvious error maybe a little more ungraded $10 to $20 if the value is linear and AI mentioned possibly more for a collector interested in the minting process in the time period due to the error being more obvious.
At what point is it worth it to me I think from the standpoint of point of just breaking even adding in learning about the grading process experience value a little more having never sent anything in for grading.
I’ll be giving it to my son to do what he wants to do with it, but optimistically a $20 dollar ungraded coin ought to be worth $50 graded and more interesting to a buyer but everything I’m writing is all guesses and assumptions?
Just because a $20 coin is graded does not make it a $50 coin.
Grading does not increase the value of a coin. It authenticates it being genuine and what the grade is.
A $15.00 coin graded is still worth $15.00 but it does make it easier to sell.
The condition that yours is in would probably be worth $10.00 so not worth spending $55-60.00 in grading fees.
What does that tell you?
I'm not sure I agree with this premise. Grading a coin can make it more marketable (easier to sell) but not necessarily more valuable.
In the case of an error, slabbing a coin is usually about authenticating it. Once that is done, refer to the previous paragraph.
Welcome.
As others have said or inferred (to which I agree), the cost benefit of having this coin certified is not in your favor.
"She comes out of the sun in a silk dress,
running like a water color in the rain...."
A $20 ungraded coin is generally worth $20. Sometimes, it ends up being worth less when graded.
It is also not that unusual to have 2 or more weak digits.
All comments reflect the opinion of the author, even when irrefutably accurate.
Your coin is currently worth about $1. Maybe it's worth $2. Maybe it's worth 50 cents. For those differences I'm not going to argue.
It's definitely not worth $20, or even $5.
As others have said, after grading it will still be worth about $1.
The fees for grading are listed at https://www.pcgs.com/servicesandfees. Grading an error coin costs a minimum of $70 for the grading itself, plus a mandatory $10 handling fee, plus postage and insurance both ways, plus PCGS membership to allow you to do the submission in the first place. Figure at least $100 out of pocket, possibly over $200.
If you want this coin graded for reasons unrelated to money, that's a different story. Otherwise, most people would consider that $100+ is somewhat greater than $1 and make a decision based on that.
You would be surprised at what people pay just because it is entombed with a paper label.
"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
lowballs are a collecting interest on its own
Exactly... proves the point.
Regardless, the OP's VF indian head cent garners no premium certified.
"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
No, it doesn't. The OP is implying that a $20 coin is worth $50 because it is slabbed for $30.
The coin you showed would probably sell for $65 raw because it is a P1. If it had come back F2 it would be worth less than melt even if slabbed. Often, a coin that might be P1 raw will sell for a premium that disappears if it is slabbed and comes back a 2 or details. Simply putting a coin in a slab adds no value. What the coin is, adds value abs the slab just certifies it.
All comments reflect the opinion of the author, even when irrefutably accurate.
Not worth slabbing. End of story.
All really good helpful tips as I said I’m really new back to coin stuff my son has been into it so I join in a little. A long time ago. as a kid I collected with my dad, it was always his but I enjoyed the time together with him and the hunt too. We started out with silver dollars every pay day the same thing cash the paycheck in for bags of silver dollars, sort them keep what we needed and deposit the others. Back..
Before I get off track, thank you exactly the information I wanted, it was fun learning about the little things wile minting the coins and all the other valuation information, view points and the tips too.