Back in the dusky 50s, (i guess a penny was worth enough to circulate back then) it wasn't unusual to see penneys worn down to unreadable conditions. We used to sell coke bottles for 3 cents and buy cookies 2 for a penny from a big jar on the counter at the little store on the corner. Pennies were actually legal tender back then.
I found, what I thought was a GD04, maybe VG08 1970-S (Large Date) Memorial about a year or so ago. It was in a Dansco at the Carlsbad coin shop. I think I paid like .15 cents for it. I did pay another $8. and had it graded via PCI. They returned my beautiful GD04 coin back as a VF20 "Weak Strike". What?! -I ended up selling it on eBay for something like $2. I'd have much rather had a GD04 than a "weak strike".
A belt sander would've left alot of zink exposed. Looks like a struck through greese to me or a die trial strike. But I wouldn't have known that if I hadn't been watching these threads for about a year before I figured out how to post here.
Airplanenut & Klectorkid busted me!! I trolled the thread with a Mint State struck thru cloth penny. The lines are textile patterns imprinted on the coin. On a serious note you won't see post 82s WORN that much because the inner zinc core will be exposed and the coin will be culled from circulaton as unservicable. I have never seen a Lincoln Memorial in VG or lower but they gotta be out there.
Change that we can believe in is that change which is 90% silver.
Back in the early 70's it was not unusual to see an old memorial cent worn down to F or VF, or even VG on rare occasion. The cent has an extremely high attrition rate because many people throw them away and very few will expend much effort to retrieve an errant one. Each time one of these changes hands there is a high probability that it will be the last time. Obviously this is not con- dusive to any specimens recieving a lot of wear. These coins also have a high probability of going into very long term storage. They can get into a jar of cents that's used for poker ante or a piggy bank and sit for many many years. Since the attrition rate on these coins is far higher today than it was 30 years ago, it is generally a safe assumption that a well worn memorial today actually got most of it's wear in the 60's and 70's. A later date with extensive wear in most unlikely.
Comments
For some life lasts a short while, but the memories it holds last forever.
-Laura Swenson
In memory of BL, SM, and KG. 16 and forever young, rest in peace.
It's gotta be a capped or filled die/strike through... too red to be worn at any level.
Jeremy
For some life lasts a short while, but the memories it holds last forever.
-Laura Swenson
In memory of BL, SM, and KG. 16 and forever young, rest in peace.
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It was in a Dansco at the Carlsbad coin shop. I think I paid like .15 cents for it.
I did pay another $8. and had it graded via PCI.
They returned my beautiful GD04 coin back as a VF20 "Weak Strike".
What?!
-I ended up selling it on eBay for something like $2.
I'd have much rather had a GD04 than a "weak strike".
peacockcoins
On a serious note you won't see post 82s WORN that much because the inner zinc core will be exposed and the coin will be culled from circulaton as unservicable. I have never seen a Lincoln Memorial in VG or lower but they gotta be out there.
B.
A Tax is a fine for doing good.
down to F or VF, or even VG on rare occasion. The cent has an extremely high
attrition rate because many people throw them away and very few will expend
much effort to retrieve an errant one. Each time one of these changes hands
there is a high probability that it will be the last time. Obviously this is not con-
dusive to any specimens recieving a lot of wear. These coins also have a high
probability of going into very long term storage. They can get into a jar of cents
that's used for poker ante or a piggy bank and sit for many many years. Since
the attrition rate on these coins is far higher today than it was 30 years ago, it
is generally a safe assumption that a well worn memorial today actually got most
of it's wear in the 60's and 70's. A later date with extensive wear in most unlikely.