Double errored wheat penny..what's it worth? Thoughts?
anthonypacy
Posts: 23 ✭
Cudding on the right wheat
Doubling on the "3" in 1953 and doubling on the "i" in liberty.
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Comments
I will l let the professionals weigh in, but obverse looks like die deterioration. On the reverse it is not a cud if it is on the wheat ear - it is a die chip, and those are common in wheats in that era.
Double errors are twice as rare. Allow pcgs to determine authencity and value.
Die chip
Or wheat fungus. Perhaps it was a wet year.
Looks like some minor mechanical doubling for the other Q.
As the die chip is your first find like it, keep it no matter the value.
Here we go again. This is a neat curiosity, but not worth more than a nickel. Do not submit it.
Abcde, are you intentionally giving people bad advice or do you genuinely not know (or maybe you are trying to create business for our host)?
Really, you need to keep your terrible advice to yourself and stop instructing people to send junk to PCGS. As with your comment in the other thread, this one is just as or even more absurd. Good grief. The coin posted is worth no more than a dollar...maybe. And, you would have to sit on it forever for anyone to buy it at a dollar.
Are we looking at the same pictures?
@david3142 @rampage I understand that the errors are relatively common but a nickel? The lowest buy it now price on eBay currently for just the die chip error on any 1950s penny is $2....thinking it could be $3 at the least?
51s 52s and 53s have wheat cuds. That's a nice one. Sometimes they're longer but thinner. I had hundreds as a kid and now have none.. well, maybe, I'll look. They are very cool. If you can find pictures online, look at some of the more severe ones. They're pretty coins. Def keep it.
I did not say a nickel. I said a dollar. You forget the fees wrapped up in selling on eBay. That $2 or $3 will not be that by the time it is sold and mailed. Plus, I never said it was not cool or anything (I have lots of these), but what I am saying is that it is NOT worth the $50+ it will take to have it slabbed and labeled. Just not worth it...period. Honest truth, not trying to be negative. I just don't like when people instruct newbies (or perceived newbies) to throw away money. That is how the hobby gets hurt.
IMO Die wear. Same type of effect as with the 1955 'poor man's doubled die' variety. As for the die chip... even though the Buy It Now prices on ebay are a couple of dollars, how many have actually sold? True... there are some collectors out there who may pay $3 for it.
Also IMO it would be foolish to send in for third party grading.
An unimportant minor "error". Don't waste your money sending it in.
Nice find.... This is a great cent for your 'instructional library'...coins you keep for teaching or comparison purposes.... It has more value to you than it will sell for. Cheers, RickO
It's so called die polish doubling of little value. The 1955 cent with this phenomenon has been hyped for decades as the "poor man's doubled die." None are worth the cost of slabbing.
Ok I'll just keep it, thanks guys.
Not long ago a friend of mine drove to my house in one those HUGE storms we recently had here in California to show me a Lincoln cent he told me on the phone would blow my mind. He showed up soaking wet just from running from his car to my front door with this cent. What it was, was a letter that was barely visible . It was the "E" in cent on a Lincoln from the 50's that was like XF. I explained to him it looked as if it was a abraided die the begain with and the coin itself was not in the best condition. He wanted to know it's value so I told him to the right buyer maybe a quarter. I hated doing that as i didn't want to take that enthusiasm out of him. But I had to be honest. Now I don't collect Lincoln cents but I do know my around coins and to mislead someone with false information in my opinion is not a good thing.
I agree this Lincoln is not worth sending in for grading, you'll lose money. But, I do believe you have a cool coin for your album and I think it's great that you look them over so closely.
Happy hunting, Joe
It happens to all of us, so welcome to the club. It all starts off with a newly found interest in coins and soon we start looking at coins that our folks kept in large bottles or our grandfather left us in a coffee can. As soon as we do, we start to find anomalies and things that get our heart to skip a beat. We rush to the computer and look them up but don't find much. We then join a coin forum and post them in anticipation of a huge find. Forum members weigh in and we learn it's an error coin alright, but it's not going to let us retire earlier. A week or two later, we start the cycle again. After a few years, several more cycles of finding "errors" and several thousand (maybe 10's of thousands) of coins later, we come to the conclusion that many many coins have small anomalies on them and unfortunately only a precious few will get us that dream house on an island that we thought the first find might get us.
That said, I wouldn't trade the experience for anything. That heart stopping excitement you get when you think you've found something amazing is what makes this game so much fun. Good luck and keep on looking!!
Future reference... cuds always involve the rim of the coin. If it only involves the wheats its a chip.
Thanks.. sorry about that.. second time someone's had to remind me. Won't make the same mistake again thank you.
(But if anyone does have any of the filled wheats please let me know.)
This whole thread is too funny!
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.Well i guess this is another one of those longacre doubling type things.
http://lincolncentresource.com/Errors/Cud.html
https://www.thespruce.com/cud-error-on-coins-768438
Call me a purist