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What Is The Most Valuable 1960 Penny You Know Of?

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Pillar of the Community
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 Posted 09/06/2019  8:25 pm  Show Profile   Bookmark this reply Add hfjacinto to your friends list
I checked the price guide and on average the highest price goes to 1960 P Large Date.
Valued Member
United States
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 Posted 09/08/2019  08:57 am  Show Profile   Bookmark this reply Add youngmaster to your friends list
hfhacinto thanks I didnt occur to me to check averages on them. If you dont mind me asking, whats the way you found the averages?
-by the way you have all been amazing here glad I found this place.
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 Posted 09/08/2019  2:41 pm  Show Profile   Bookmark this reply Add hfjacinto to your friends list
Hi young master

I just looked at Red Book value. Average is generally what the Red Book says it worth in a certain condition. Most 1960 pennies are selling for a dollar or less in MS condition. The 1960 P small date sells for 3-22. Only the 1960 d over D with small date over large sells for more. But there are a lot more 1960 small dates.
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 Posted 09/08/2019  2:43 pm  Show Profile   Bookmark this reply Add hfjacinto to your friends list
Please note I mistyped originally. The highest avg price is for small date not the large date.
Bedrock of the Community
13014 Posts
 Posted 09/08/2019  9:54 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list
The Red Book is one of the worst sources of values and I would not recommend anyone uses it unless they are just using it as a general guide of what the keys/semi-keys are.

The 1960 d/d is the most valuable business strike, a MS 64 will cost over 100, the 2 66+ will be four figures or higher. It has the highest average and highest total for MS coins.

If you exclude that one yes it is true the P small date would be likely to cost the most, but all of them will cost several hundred or more in the top grades.

Heritage, ebay, PCGS coinfacts, PCGS auction prices realized, Great Collections etc are all much better sources of historical price history. Once note about the PCGS auction prices is that through no fault of their own some places have chosen not to release their prices so for the last 3 to 4 years or so the main prices they capture are Legend, Heritage, Stacks, and ebay which is hit or miss depending on how the seller lists them.
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 Posted 09/08/2019  10:07 pm  Show Profile   Bookmark this reply Add hfjacinto to your friends list

Quote:
The Red Book is one of the worst sources of values and I would not recommend anyone uses it unless they are just using it as a general guide of what the keys/semi-keys are.

The 1960 d/d is the most valuable business strike, a MS 64 will cost over 100, the 2 66+ will be four figures or higher. It has the highest average and highest total for MS coins.

If you exclude that one yes it is true the P small date would be likely to cost the most, but all of them will cost several hundred or more in the top grades.

Heritage, ebay, PCGS coinfacts, PCGS auction prices realized, Great Collections etc are all much better sources of historical price history. Once note about the PCGS auction prices is that through no fault of their own some places have chosen not to release their prices so for the last 3 to 4 years or so the main prices they capture are Legend, Heritage, Stacks, and ebay which is hit or miss depending on how the seller lists them.


I'm confused you JUST agreed with everything I said and I got my information from Red Book (and I also checked other sites that sell coins and they confirm what Red Book states).
Bedrock of the Community
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 Posted 09/09/2019  12:11 am  Show Profile   Bookmark this reply Add basebal21 to your friends list

Quote:
I'm confused you JUST agreed with everything I said and I got my information from Red Book (and I also checked other sites that sell coins and they confirm what Red Book states).


Only in a general sense, the prices themselves were not accurate
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 Posted 09/09/2019  07:29 am  Show Profile   Bookmark this reply Add hfjacinto to your friends list
Prices are what people will pay. I don't pay Red Book, it's generally too high, but I use it as a guide to what a particular mint/condition is worth. If Red Book has a particular mint/condition for a very high price it generally is more expensive than another coin that is listed at a lower price.
Valued Member
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245 Posts
 Posted 09/09/2019  1:28 pm  Show Profile   Bookmark this reply Add youngmaster to your friends list
hfjacinto I start with Red Book first to look at coins based on a year level highest price then check for appeal, rarity, compare (Online), with this I suspect I can see where the demand is possibly in theory atleast. It may be like you said Red Book is just for certain use which id say seems to me like it leaves no explenations on how they get that price but I didnt read it either. Though the prices on red are not talking about appeal because theres to many different and some only one so to cover those prices it would be lots of waisted time so theres experts to decide value. Thats what I'm attempting at. The prices sold for arent goingt to match Red Book so its a start to use as a reference then buld on that. It helps to know if you have something that isn't worth anything and theres alot of that. lol Do I have this right?
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 Posted 09/09/2019  1:57 pm  Show Profile   Bookmark this reply Add hfjacinto to your friends list
Youngmaster.. What you posted makes a lot of sense to me. I use the Red Book as a start. But I then look at several websites for what stuff is selling at. I also used auctions and buy it now to get a feel of what stuff is selling for. And then I look locally also, lots of times I see ebay prices higher than locally, so I buy locally most of the time.
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 Posted 09/09/2019  1:58 pm  Show Profile   Bookmark this reply Add hfjacinto to your friends list
You also have to understand, I don't buy slabbed coins. I get RAW as raws tend to be slightly lower cost.
Valued Member
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245 Posts
 Posted 09/09/2019  9:20 pm  Show Profile   Bookmark this reply Add youngmaster to your friends list
Thank you for all your responses I do see what the difference is in what you were saying.
Bedrock of the Community
13014 Posts
 Posted 09/09/2019  11:26 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list
Cheaper isn't always better. Often times the cheaper coins are cheaper for a reason. If they're cheap 5-10 dollar coins that's probably okay and go ahead but raw cheaper 100+ dollar coins you're getting into territory that can really hit if you go to sell
New Member
United States
1 Posts
 Posted 09/10/2019  12:12 am  Show Profile   Bookmark this reply Add Tmurrell to your friends list
I hear 1964 Philadelphia mint SMS coin!
I think I have if not one then two..not sure
Pillar of the Community
United States
7293 Posts
 Posted 09/10/2019  09:18 am  Show Profile   Bookmark this reply Add hfjacinto to your friends list

Quote:
Cheaper isn't always better. Often times the cheaper coins are cheaper for a reason. If they're cheap 5-10 dollar coins that's probably okay and go ahead but raw cheaper 100+ dollar coins you're getting into territory that can really hit if you go to sell


I never said cheap, I said inexpensive. Look I'm all for everyone buying slabbed coins its makes the raw ones cheaper. This hobby lets one buy inexpensive coins and enjoy them and lets others buy slabs. All in all a great hobby and everyone can enjoy it.
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