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I Need Advice On An Online Ad Regarding The 1943 Copper Penny

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starnote's Avatar
United States
29 Posts
 Posted 08/13/2017  03:12 am Show Profile   Bookmark this topic Add starnote to your friends list Get a Link to this Message Number of Subscribers
Hello Coin Community,

I came along another seller online who has a 1943 copper penny and they're offering a return as well if I'm not satisfied with the purchase. We had a chat and they're sure that the coin is real as they have mentioned that they took it to a local pawn shop. However, the coin is not certified and they said that they'll send me better pictures of it as well. Their firm price is $2,000.

A few things that still put me in doubt:
--They said the pawn shop told them that they can get $30,000 for that coin in the auction. So, why are they selling it for only $2,000 knowing its value is much more?
--Their username is only numbers, they have low ratings, and that's the only item they have for sale.
--The ad doesn't have clear pictures for me to see or show you all, so they said they'll update it with better pictures tomorrow.

What do you think?
Should I purchase it, take it to a pawn shop and get it checked, and if they say its fake, send it back? Or send it to PCGS, but I'm afraid they may put me through a process that it would be too late to send it back if needed.
Thank you for your time and help.
Edited by starnote
08/13/2017 03:39 am
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Fuzzy317's Avatar
United States
14463 Posts
 Posted 08/13/2017  03:28 am  Show Profile   Bookmark this reply Add Fuzzy317 to your friends list Get a Link to this Reply
sorry this is a negative comment, but I vote NO! and the advice in the comments from your other two threads about a 1943 copper cent still apply.
Its most likely a fake, if not slabbed and priced that low.
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starnote's Avatar
United States
29 Posts
 Posted 08/13/2017  03:31 am  Show Profile   Bookmark this reply Add starnote to your friends list Get a Link to this Reply
Thank you Fuzzy,

Honestly, I literally want to ask them why they're selling it for that much since they know its value, but I'll leave it.
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Fuzzy317's Avatar
United States
14463 Posts
 Posted 08/13/2017  03:47 am  Show Profile   Bookmark this reply Add Fuzzy317 to your friends list Get a Link to this Reply
From the mint: What's So Special About the 1943 Copper Penny?

Just a highlight:

Quote:
A 1943 copper cent was first offered for sale in 1958, bringing more than $40,000. A subsequent piece sold for $10,000 at an ANA convention in 1981. The highest amount paid for a 1943 copper cent was $82,500 in 1996.
Pillar of the Community
United States
589 Posts
 Posted 08/13/2017  04:56 am  Show Profile   Bookmark this reply Add Groszy to your friends list Get a Link to this Reply
Do not buy any should-be high value coins off of ebay. Especially from low feedback, low quality photos, and massively underpriced.

While you could get your money back, ebay and Paypal and buyer protection and all, is it worth the hassle for a fake coin?

There is no way that it is real. They want some uninformed sucker to buy it, believe it genuine, never get it checked out or spend too long getting it checked...and just pocket the money. Don't be that sucker.
Pillar of the Community
oriole's Avatar
Canada
5253 Posts
 Posted 08/13/2017  05:31 am  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
All you have to go on is their word-they claim that they will return it. They claim they took it to a pawn shop (why not a coin dealer?).
The "deal" is too good to be true, therefore almost certainly not true.
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bobby131313's Avatar
United States
24176 Posts
 Posted 08/13/2017  05:56 am  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply
[blunt]
Starnote, just give up on the 1943 copper already, please. There are thousands upon thousands upon thousands of fakes flooding the market every day. You can buy them online by the gross for under a $1 each. I get at least a dozen removed from ebay every single day.

You'll make more money flipping burgers with the time you use in this futile get rich quick idea.
[/blunt]
Rest in Peace
T-BOP's Avatar
United States
18456 Posts
 Posted 08/13/2017  07:15 am  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply

Quote:
[blunt]
Starnote, just give up on the 1943 copper already, please. There are thousands upon thousands upon thousands of fakes flooding the market every day. You can buy them online by the gross for under a $1 each. I get at least a dozen removed from ebay every single day.

You'll make more money flipping burgers with the time you use in this futile get rich quick idea.
[/blunt]


Words of wisdom from the Chief himself .
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BStrauss3's Avatar
United States
4594 Posts
 Posted 08/13/2017  09:22 am  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
Why the heck would you trust a pawn shop? They are not experts in coins, they are experts in selling general merchandise. Yes there are some knowledgeable people, but come on... if they KNOW it's worth 30K, why wouldn't they spend $100 to have it certified, spend 10% in auction fees and sell it net for 26,500 in a couple months?

Run away
-----Burton
50+ year / Life / Emeritus ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club
Owned by three cats and a wife of 40+ years (joined 1983)

Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
Rest in Peace
moxking's Avatar
United States
17900 Posts
 Posted 08/13/2017  11:34 am  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
Simply quit wasting your time on it. It's 100% certainly a scam.
Bedrock of the Community
Errers and Varietys's Avatar
United States
74876 Posts
 Posted 08/13/2017  1:45 pm  Show Profile   Bookmark this reply Add Errers and Varietys to your friends list Get a Link to this Reply
It's a scam. Quit wasting your valuable time on it. They can't even prove it's real, which means it's a fake. Give up on this and move on please to another topic.
Errers and Varietys.
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Errers and Varietys's Avatar
United States
74876 Posts
 Posted 08/13/2017  1:48 pm  Show Profile   Bookmark this reply Add Errers and Varietys to your friends list Get a Link to this Reply
If you buy it, you are just going to be their next victim.
Errers and Varietys.
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coop's Avatar
United States
62064 Posts
 Posted 08/13/2017  1:51 pm  Show Profile   Bookmark this reply Add coop to your friends list Get a Link to this Reply
The more words they put on an auction, the more I question the validity of the object. On word of advice; RUN!
I-Need-Advice-On-An-Online-Ad-Regarding-The-1943-Copper-Penny
Edited by coop
08/13/2017 1:52 pm
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Coconutjoe's Avatar
United States
1475 Posts
 Posted 08/13/2017  2:00 pm  Show Profile   Bookmark this reply Add Coconutjoe to your friends list Get a Link to this Reply
Here is very helpful link...

http://goccf.com/t/294187#2503200

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