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Why does this seems like a scam

PลpRอตeoPลpRอตeo Posts: 17
edited November 22, 2019 5:36PM in Q & A Forum

You see videos about the steel penny. Why no others if these coins are so valuable and available? Everyone would be looking for them if real news outlets pushed the info out. But they don't? They don't even promote links or written stories about these coins.

If you doubt, show me one video. A live feed of a recorded rare coin that you boast. A video of Wexler would be great, showing us his collection which any collector loves to show.

Or even a picture of all these subject matter experts sitting around holding up theirs government issued ID cards, actually make it their passports. Bet you can't

I'm waiting :wink:

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  • giorgio11giorgio11 Posts: 4,036 ✭✭✭✭✭

    You seem ... confused and resentful. I have never seen a video about the "steel penny." The 1943 steel cents are as common as can be. Millions exist in circulation and rolls, and they usually sell for 2-3 cents each. The 1943 copper cents, the genuine ones, are very rare. BUT. Lots of fakes exist, either via cast counterfeits (which will not cling to a magnet) or copper-plated 1943 steelies, which will stick to a magnet.

    There are also genuine 1944 steel cents which have a similar story but far less notoriety among the general public.

    As for videos and subject matter experts and government issued ID cards ... uh ... as one of my professors in college wrote on one of my papers, "You seem to have a point here, but for the life of me I can't figure out what it is."

    There is lots of knowledge on these boards, and you can either absorb some of it or resent it. Your choice.

    Kind regards,

    George

    VDBCoins.com Our Registry Sets Many successful BSTs; pls ask.
  • HemisphericalHemispherical Posts: 9,370 ✭✭✭✭✭

    Generally 1943 steel cents are not that valuable except in higher grades. Of course, we have to define “valuable.” My definition could be something worth $1000 or more and someone else it might be $100z

    Here’s an idea of the premiums paid for 1943 steel cents:

    https://www.pcgs.com/coinfacts/coin/1943-1c/2711

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