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Pure Silver Penny

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New Member

United States
4 Posts
 Posted 09/17/2008  9:34 pm Show Profile   Bookmark this topic Add PHstern to your friends list Get a Link to this Message Number of Subscribers
My mother has a 1945 silver penny. This is NOT a steel penny of that period but is a pure silver penny, probably from a dime blank which mistakenly entered the penny die. She is looking to sell the penny for various health reasons, but has no really good idea of it's value. The coin has a registered certificate which was procured by the previous owner, her sister, and the certificate states it's purity and authenticity.

Any ideas would be appreciated.
Thanks,
PHstern
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arthrene's Avatar
United States
1713 Posts
 Posted 09/17/2008  10:07 pm  Show Profile   Bookmark this reply Add arthrene to your friends list Get a Link to this Reply
of both the coin and the certificate please!

to the family!
Valued Member
United States
80 Posts
 Posted 09/17/2008  11:04 pm  Show Profile   Bookmark this reply Add Michelle K to your friends list Get a Link to this Reply
Welcome!

Definitely,
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SeatedNut's Avatar
United States
2797 Posts
 Posted 09/18/2008  07:45 am  Show Profile   Bookmark this reply Add SeatedNut to your friends list Get a Link to this Reply
PHstern,

Welcome! These kind of stories really excite the forum members (myself included ) and we always press for pictures. In the long run we won't be able to verify authenticity from the photos alone ... but we still want to see them! If she intends to sell that piece (an off-metal strike) she should have it certified and encapsulated by a reputable service ... PCGS recommended.

Now where are those pictures?
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John1's Avatar
United States
56855 Posts
 Posted 09/18/2008  08:26 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
PHstern, the CCF family,
If it turns out to be a real off metal error I would guess it would be worth a nice penny ,pardon the pun.
I suggest you post a photo here and also weigh it and post the results.
John1
New Member
United States
4 Posts
 Posted 09/18/2008  09:01 am  Show Profile   Bookmark this reply Add PHstern to your friends list Get a Link to this Reply
Thank you all.

This belonged to my great aunt who passed away a couple of years ago and left it to my mom. My aunt had it "certified" or "appraised" (I'm not sure which) many years ago, but never appraised as to it's value.

My mom will retrieve it from her safe deposit box today along with the certificate, and I will try to post photos later this evening.

Thank you all again for your help,
PHstern
Pillar of the Community
arthrene's Avatar
United States
1713 Posts
 Posted 09/18/2008  09:23 am  Show Profile   Bookmark this reply Add arthrene to your friends list Get a Link to this Reply
When you post photos of the coin, please be sure to include pictures of both sides and an edge shot if possible. Try to make the pictures as clear as you can.


Quote:
also weigh it and post the results.

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jbuck's Avatar
United States
187446 Posts
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coindexter's Avatar
United States
869 Posts
 Posted 09/18/2008  10:40 am  Show Profile   Bookmark this reply Add coindexter to your friends list Get a Link to this Reply
to CCF.I will try to be patient
Edited by coindexter
09/18/2008 10:42 am
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Bryan1315's Avatar
United States
14454 Posts
 Posted 09/18/2008  10:44 am  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
I just want to say something here. If it is a off metal strike it will be worth more than a regular cent of that date in that same condition but it will not be something that you (or your mom) will be able to retire off of or anything. I know some people go their whole life hearing how much a coin is worth and it seems to go up in value each time the story is told and when it actually comes time to sell the coin in question the person selling gets their feelings hurt or think someone is trying to take advantage of them. Like I said by no means will this coin be worthless or even worth what a regular coin struck on a normal planchet of the same year and condition, but usually its not worth as much as someone thought especially when it has been handed down through family members. All that being said I want to welcome you to the forum and how you enjoy your stay with us, we have some specialists in error coins (I am not one of them) that would be able to give you more information about your coin once you have pictures of the coin and you can go from there with the information they give you
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chrsb's Avatar
United States
936 Posts
 Posted 09/18/2008  11:26 am  Show Profile   Bookmark this reply Add chrsb to your friends list Get a Link to this Reply
My Lincoln book values it at 1,800+, that is a wheat struck on a silver dime planchet. If it is a wheat struck on a previously struck dime then it is 3,700+
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Jaobler's Avatar
United States
6381 Posts
 Posted 09/18/2008  12:03 pm  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply
These cent-on-dime-planchet errors appear to be fairly common and are offered in major auctions on a regular basis. Recent sales on Heritage include a 1956-D cent on a silver dime planchet, graded MS-64 by PCGS, that went for $1495 in February, 2008. A 1951-S example graded MS-62 by NGC went for about $2700; that one was probably bid up higher because of the desirable San Francisco mintmark. A 1956 coin that was lightly circulated (AU-55 grade) sold for $575. A mint-state example slabbed by ANACS that was determined to have been cleaned went for less than $400. Too bad this coin is not a 1943; those sell for much more because of collector interest in the famous copper planchet errors that exist for that date.

So, I would estimate that if this coin is circulated but undamaged it could bring $500 to $1000. If mint state it might go for $1000 to $1500, but not much more than that unless it is especially choice.

I agree with SeatedNut: certification by PCGS or NGC is mandatory if you want to obtain the best possible price. The certificate your mom has might be an interesting collectible in its own right. I wonder if it is signed by a known numismatic expert?

I'm looking forward to those photos!
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Nelrak's Avatar
United States
974 Posts
 Posted 09/18/2008  12:54 pm  Show Profile   Bookmark this reply Add Nelrak to your friends list Get a Link to this Reply
Ya the RedBook lists Lincoln Cent on Silver Dime planchet at $1500. Neat coin either way.
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Topher's Avatar
Canada
965 Posts
 Posted 09/18/2008  2:08 pm  Show Profile   Bookmark this reply Add Topher to your friends list Get a Link to this Reply
Pics please.
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KurtS's Avatar
United States
5318 Posts
 Posted 09/18/2008  2:30 pm  Show Profile   Bookmark this reply Add KurtS to your friends list Get a Link to this Reply
Like the other comments and
New Member
United States
4 Posts
 Posted 09/18/2008  2:50 pm  Show Profile   Bookmark this reply Add PHstern to your friends list Get a Link to this Reply
OK, here are some photos that I took today. I was wrong about the date. It actually is a 1943, not a 1945. In any event, she and I will be interested in what you all think might be a rough value.
Thanks,
PHstern


Image: Pure-Silver-Penny silver1.jpg
75.76 KB

Image: Pure-Silver-Penny silver2.jpg
73.85 KB

Image: Pure-Silver-Penny silver3.jpg
86.81 KB
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