1922 no D wheat penny SOLD.
GKSparks
Posts: 12 ✭
Hello everyone. I'm a newbie here so pardon my lack of knowledge, I'm here to learn! I was given a 1922 no D Lincoln cent ( I call it a wheat penny) it's encased and graded by PCI. The case has seen better days. I'm wondering it's worth and wanting to sell it if possible. I am enclosing 2 photos which I am terrible at taking, or maybe it's my phone! So I want to tell you what is typed on the encased labels. On one side is 1922 Plain, Die #2 Strong, then FN15, and up in the right corner is 1C, at the bottom left is Mintage: Unknown. Other side is golden letters PCI, underneath is 209122 002, underneath that is a barcode, then LIC22. Any information would be greatly appreciated. I am not quite sure I did this correctly. My apologies. Any tips or questions, please feel free to contact me! GKSparks
Comments
Ok so PCI was not one of the better grading services but if it is a genuine 1922 no D it is still valuable. Not able to tell based on pics. Need better pics especially the date area and Trust area.Fn15 is fine , scoring runs from low end at 0 to top end at 70. 15 is on the low scale but still valuable. Can't tell anything more from the pisces. As we get a lot of scammers first timers here and almost always presenting valuable coins with a stated no knowledge, be prepared for some cautious interrogations. If you are attempting to sell, I doubt if anyone will purchase without seeing it in hand. Are you willing to send it to serious buyers for first hand verification before money changes hands.
Bob Sr CEO Fieldtechs
Man, scammers make it hard for us honest people who just need some extra cash don't they? Guess I should not have stated "no knowledge" I mean, I can read afterall! Lol. I've learned a lot recently just from this site alone. I need to do some thinking and weighing out the pros and cons of sending it before money changes hands. Still learning!
The coin is worth about $500. Agree with the above comments that people may be reluctant to send money to a newbie without seeing the coin in hand first.
Well GKSparks:
There are a number of people on the board had they posted that coin would have sold it by now and had numerous inquiries. So you are not getting views because of your heading. There are hundreds of posts on here daily so most of us look at the heading to see what's available. You need to edit it and either fix your title line or repost simply saying 1922 no d PCI certified, you won't be able to keep up with the responses. You can mouse over to a members avatar, yours has a pic of your dog , and click on it. That will take you to their home page and you can view a potential buyers history. Many of us can show you ou r history of good transactions additionally, there are very many good professional people here with a lot of knowledge to help you. If any of us see you about to get taken by someone we don't know, you will be advised. There are many I trust with about anything I own and I have successfully completed a number of transactions on the board but you're just going to have to be vigilant. If you get bids don't be afraid to put it on the board for discussion. My first love is Wheat pennies and I have an MS 62 1922 no D so I personally am not a buyer unless you just go crazy and put it out there at a ridiculously low price. That being said, I'm not going to send a NEWB anything but a deposit type until I can get that coin authenticated and PCI Ain't IT !! I want to see it in hand before I shell out any substantial bucks. It's your job to figure out how to make that happen with confidence . Additionally, we are going to be skeptical without good close up pics. I will say, the board members do a great many transactions here without paying any juice to anybody. In the past year I have done over $50,000.00 with members of the board both buying and selling with little effort. This is a good place to be.
Bob Sr CEO Fieldtechs
Just the advise I needed. Clearly I do not know what I am doing. But I do well with constructive criticism. ( I may have used the wrong term) I totally understand and agree with all you have told me. Including how it is my job to establish an honest relationship with anyone. That takes time. I don't think I can bring myself to send anyone my coin, then sit back and wait though. I think I will check out a few coin shops. Maybe get it graded by a better company. I personally love wheat pennies as well, then Buffalo nickels, which I only have 2 with worn off dates. I am not a passionate collector. Yet i look at every date on a coin I come into contact with and keep the ones with sentimental value. ( such a girl huh?) Anyway, thank you for responding. I appreciate you for that ,and your great advice!
Ok GKSparks:
Let's look at coin shop tactics and analyze how you can maximize your sale. Start with Catalog price, PCGS, this boards host lists catalog price for your coin at $600.00, a coin shop will retail it at 80% $450.00, in order to make a decent profit the coin shop will have to buy it at 50% of that or around $250 to $300. If its authentic and you can effectively demonstrate that to me as a prospective buyer , I will gladly pay $450 to $500 for it. Which would you rather have. Obviously . Think outside the box. A potential way to accomplish this would be to have your banker receive the funds but hold release pending my approval, send the coin to me , once I authenticate its validity I could approve the bank releasing the funds. No loss on either end. This same process could be handled by an attorney, or a pawn shop etc but they will all require à handling fee (juice).
I assure you, there are a number of highly reputable dealers on this board who will jump through hoops to buy that penny if it can be authenticated. You can do your due diligence here with great confidence. Just ask. We know us , We don't know you. You don't know Us. By the way, checking out a few coin shops will take a week, sending it to our host could take 8 to 10 weeks. Sending it to one of the boards many participants could have money in your PayPal acct in 4 days. Just saying.
Bob Sr CEO Fieldtechs
Again...great news. Potential scenario...say I send it to you, you authenticate it, but PCI being who they were over graded it like a lot of people think it may have been, then what? This using my banker receiving funds on your approval.
In this particular instance, the value difference between the next level down is inconsequential. The value isn't going to change until it reaches MS60 where it jumps to $10,000. So I think that downgrading is not a problem as I'm sure most collectors at that level G4 or F12/ F15 wouldn't mind.
When you first get to the PCGS splash page , on the blue line at the top is "Price". You can get generic idea of pricing there. By the way, you also responded to a World coins post of mine to give away a 1943 3 Pence British coin. Thanks
Ob Sr CEO Fieldtechs
Oh okay! Now I understand. How long will it take you to authenticate if I were to send it to you? Just curious.
You may want to add the denomination in your title. Listing a date only does not tell us much (I almost passed over without clicking)
Will do! Thank you.