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Pure Silver Penny

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Pillar of the Community
nod2003's Avatar
United States
3294 Posts
 Posted 09/18/2008  3:00 pm  Show Profile   Bookmark this reply Add nod2003 to your friends list Get a Link to this Reply
that is one interesting coin!

I am a little surprised that it appears cent sized despite being on a dime disc. It must be pretty thin.
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jbuck's Avatar
United States
188213 Posts
 Posted 09/18/2008  3:04 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
It looks like silver to me. Very nice! Thanks for sharing!


Quote:
I am a little surprised that it appears cent sized despite being on a dime disc. It must be pretty thin.
The planchet expanded to "fill" the cent collar; therefore it should be thinner than a normal dime.
Edited by jbuck
09/18/2008 3:06 pm
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1sikevo's Avatar
United States
1130 Posts
 Posted 09/18/2008  3:06 pm  Show Profile   Bookmark this reply Add 1sikevo to your friends list Get a Link to this Reply
Just a minor correction.
The dime planchet is not pure silver, it's .900 fine (90%) silver.
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Bedrock of the Community
biokemist6's Avatar
United States
12437 Posts
 Posted 09/18/2008  3:18 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
Oooo, an old ANACS photo certificate- I was wondering and hoping that is what you were talking about
If it had just been something that some random dealer wrote up, then it would be worthless but that photo certificate is golden. Those certificates are pieces of numismatic history. The American Numismatic Association started authenticating coins back in the 70s and issued those photo certs. They eventually graded the coins too and were the first big third party grader until PCGS swamped the market. The photo certs ended when the era of plastic slabs came about and the ANA sold off ANACS.

If that had been any other date besides 1943, it would have never circulated that long. But since 1943s were the Steelies, it must have just kind of blended in with the normal ones. I would imagine, even in that state of wear, that the coin would probably be worth more than your average off metal Wheatie. Heritage Auction Galleries sold a PCGS AU50 in 2006 for $4900 http://coins.ha.com/common/view_ite...&Lot_No=1963

Absolutely awesome error

Edited by biokemist6
09/18/2008 3:19 pm
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Jaobler's Avatar
United States
6384 Posts
 Posted 09/18/2008  3:38 pm  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply
Well, it's the right date to fetch the best price. The coin looks like it was cut at the edge long ago, possibly to check whether it had been plated. Given the damage and the low grade (Good-4) I don't think it would bring as much as the AU-50 coin that Biokemist mentioned. At a guess, $1500 might be a reasonable expectation. At auction it could go much higher if you happen to get two error specialists competing over it!

I'd take it to local dealers and at least one major coin show if possible and collect offers. That ANACS certificate should satisfy potential buyers that it is a genuine and desirable error.

This is a remarkable coin for a non-collector to own. Does your mom happen to have any other treasures lying around?
New Member
United States
4 Posts
 Posted 09/18/2008  4:31 pm  Show Profile   Bookmark this reply Add PHstern to your friends list Get a Link to this Reply
Thanks for all the info. I'll take any suggestions as to who to call about a sale or auction. I'm a little hesitant to do anything with it locally. My mom took it to a coin store here in the OKC area and was offered 250 for it and told that it was not terribly uncommon. Fortunately she had a sense that he was not being totally up and up with her.

My late aunt and her husband were amateur collectors and she did have a few other coins that she thought had value, but surely not to the extent of the silver penny. My mom also has a 1835 Liberty Bust dime, an 1822 Lombardy-Venetia 1 centesimo. She also has a 1978 d Kennedy half which she saved. I see nothing myself which looks any different, but apparently she did. If you all want, I can photograph and post those too.

Thanks again, and thanks for the welcome.
Paul
Bedrock of the Community
United States
20753 Posts
 Posted 09/18/2008  4:49 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
WELCOME TO THE FORUM.
Something you may want to try is to continue posting in this forum. There is a possibility you may be able to eventually sell some of those coins right here. I would strongly erge you not to try selling at a coin store. Selling to a coin dealer at a coin show is a little better but still not the greatest idea. If you know ebay, you might want to try that for the largest amount of money. Who knows with all the dummies out there on ebay you might get thousands and thousands for that one.
One nice thing if you have time is selling coins right here. Basically most, not always all, members here are honest. Most will at least make an fairly honest offer as long as you don't call a cent a penny that is. If you search this forum you will notice a lot of hostility about that word. Sort of like saying Ain't.
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Conder101's Avatar
United States
17884 Posts
 Posted 09/18/2008  6:05 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
If that had been any other date besides 1943, it would have never circulated that long. But since 1943s were the Steelies, it must have just kind of blended in with the normal ones.

True, actually the 1943 is the most common year for cents struck on dime planchets because they DIDN'T stand out during visual inspection like they would in other years, and the steel cent was the same weight as the silver dime so they couldn't be separated by weight either.
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