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Replies: 19 / Views: 2,921 |
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Pillar of the Community
United States
7629 Posts |
You will never find mintage figures broken down into all seven varieties. They were never recorded by type at the mint, so any reference that lists them separately with mintage figures is purely a guess.
Values are different for the seven different varieties and should be listed by any reputable guide. This is my biggest (and just about my only) beef with Numismedia - they seem to ignore that all seven exist.
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Pillar of the Community
United States
958 Posts |
I read that all 7 are very common and none are worth more then another
is this true?
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Pillar of the Community
United States
7629 Posts |
No, it's not...but I will buy all your BU rolls for the same price. K?
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Pillar of the Community
United States
958 Posts |
coppercoins From my searches through rolls I seem to find less 82 zinc small dates. Somewhere in my boxes I have a BU set of the 7 types that year , It came in the mail back in 1985 it cost 99 cents and shipping was 49 cents . I remember my dad writting a check for $1.48 I remember reading back in the 80's that no track of how many were minted was recorded by the mint and back in the mid 80's they said in some coin collector guide it was a nice addition to the set of LMC but none were worth more then another. I guess times have changed. But my question is now ? have people figured out wich ones are minted in less amounts and have a numatic value above face?
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Valued Member
 United States
373 Posts |
I keep hearing about bronze, zinc, and copper. I know zinc and copper are different metals, but is bronze just another name for copper, or is it zinc? I get confused.
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Valued Member
 United States
373 Posts |
Which website has the most trustworthy FMV prices - numismedia.com or coinvaluesonline.com ( Coin World)?
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Pillar of the Community
United States
3592 Posts |
To tell the truth, I use ebay completed listings...some may not agree but it gives real time ball park figures.
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Valued Member
 United States
373 Posts |
You mean whatever someone is willing to pay is what the FMV price is?
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Bedrock of the Community
United States
20753 Posts |
Quote: You mean whatever someone is willing to pay is what the FMV price is?
Naturally. If you had a car that everyone tells you is worth $10,000 and you try to sell it for that but only get offers for $5,000, then that is what it really is worth. Same with coins, houses, ping pong paddles, computers, flashlights, etc. Nothing is really worth anything until someone is willing to pay something for that item. Our entire world is price and demand.
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Valued Member
 United States
373 Posts |
just carl - I appreciate your response, but let's say someone sells a 1922 Lincoln Cent in AU condition for $20, is that really the FMV price for that coin?
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Valued Member
United States
380 Posts |
Best way I've heard it put Just carl... It really is only as expensive as someone is willing to pay. ebay gives a decent snapshot of that.
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Valued Member
 United States
373 Posts |
Whether someone pays $20 or $700 for an AU 1922 Lincoln Cent, it doesn't make sense to me that that is the FMV of that coin when that coin is really worth in the thousands.
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Pillar of the Community
United States
3592 Posts |
You have to use a little judgement..that $20 AU cent may have been fake or the bidding ended at 2 AM. ..but yes, if you saw that five of them went for that, why would anybody buy yours for thousands just because a book or website said it was worth more ?
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Pillar of the Community
United States
7629 Posts |
Fair Market Value is a carefully calculated number derived from hundreds of sales and price lists. They don't base it on one sale. It is an average of many transactions.
Determination on relative rarity of the 1982 cents has been made through years of study - the P mint small dates are the scarcest of the group, and even at that they are somewhat common. Truthfully NONE of the 1982 cents are "scarce" or "rare" - but the P mint small dates can be very difficult to find by the BU roll.
"Copper" and "zinc" are base elements. "Bronze" is a mixture of copper, zinc, and tin. "Brass" is the same mixture, take out the tin.
Cents were made of copper until the small cent was introduced in 1856 - basically all large cents were pure copper. In 1856 the small cent was introduced and was made of a copper-nickel mix. That changed in 1864 when they switched to bronze. This remained the rule for the cent until WWII when in 1943 the bronze was switched to steel, then in 1944 the steel was replaced by a bronze in which shell casings were used as the brass part of the bronze. They ran out of this in 1946 and went back to regular bronze. The composition remained the same until 1962. Mid-way through the year, the tin was removed and all cents were made of brass until the familiar composition change of 1982 when it was changed to a zinc core bathed in 100% copper. So:
1793-1857 (Lg. cents): 100% copper 1856-1864 (Sm. cents): copper-nickel (CuNi) 1864-1942 : bronze (also called French bronze) 1943 : Steel 1944-1946 : "shellcase" bronze 1947-1962 : French bronze 1962-1982 : brass 1982-date : copper plated zinc.
Edited by coppercoins 03/04/2011 11:11 am
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Pillar of the Community
United States
7629 Posts |
And before anyone asks...except to do specific metal testing in a lab there is no way that I know of to discern the difference between bronze and brass 1962 cents. The 2.5% composition of tin was carefully replaced with zinc so as not to change the weight, sound, or color of the coins. But it is true that 1962 cents come in two different compositions.
Furthermore, it is also true that 1943 cents come in two slightly different steel/zinc weights...but they aren't 'different' enough to be discerned without testing. The weight was slightly increased in May, but the weight change was less than the acceptable tolerance, so it was possible to make cents in the lighter weight period that were on the heavy side and weighed more than cents made in the heavier period that were on the light side.
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