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1958 Red Wheat Penny?

 
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 Posted 02/01/2018  2:13 pm Show Profile   Bookmark this topic Add marapaul to your friends list Get a Link to this Message
Hello members,

I have a 1958 Wheat penny I don't know if it's a red penny. Please advice. Thank you

Mara
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 Posted 02/01/2018  2:30 pm  Show Profile   Bookmark this reply Add SilverDollar2017 to your friends list Get a Link to this Reply
I don't quite understand your question.
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 Posted 02/01/2018  2:33 pm  Show Profile   Bookmark this reply Add marapaul to your friends list Get a Link to this Reply
I know there are some red penny worth something is this a red penny?
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 Posted 02/01/2018  2:44 pm  Show Profile   Bookmark this reply Add scurry64 to your friends list Get a Link to this Reply
It was red when it was new. Now it is a brown cent. In that condition, it is worth $0.01.
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 Posted 02/01/2018  2:52 pm  Show Profile   Check nss-52's eBay Listings Bookmark this reply Add nss-52 to your friends list Get a Link to this Reply
It is not a red penny.

The "red" refers to the nice shiny color they are when first minted. I don't know why they don't call it "copper" or maybe "orange", but perhaps it is to distinguish between a shiny new look and the brown look they get from being handled in circulation for a while.

Your coin is also damaged, pitted and worn. Spend it or keep it just because it is a Wheat cent.
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 Posted 02/01/2018  2:53 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Anyway -



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 Posted 02/01/2018  3:20 pm  Show Profile   Bookmark this reply Add Finn235 to your friends list Get a Link to this Reply


In grading "red" just means that the coin is in its original color; not toned or patinated. Generally a coin must be uncirculated or nearly so to qualify for this designation, and it can significantly add to the value with very old (pre-1920s) bronze coins, as back then collectors would have kept their coins in a desk or other environment where the coins would have been exposed to moisture and/or organics which would eventually cause the coin to turn brown or purple.

Yours is a common, damaged and circulated Wheat cent, and wouldn't be worth the effort to sell individually.
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 Posted 02/01/2018  3:28 pm  Show Profile   Bookmark this reply Add Crazyb0 to your friends list Get a Link to this Reply
This is a 1958P Red penny, er, Cent!

Note the upper right corner doesn't say 1P!



Edited by Crazyb0
02/01/2018 3:30 pm
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 Posted 02/01/2018  3:49 pm  Show Profile   Bookmark this reply Add Mark1959 to your friends list Get a Link to this Reply

Quote:
Note the upper right corner doesn't say 1P!


Neither does the reverse

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 Posted 02/01/2018  4:37 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
Also your Lincoln looks like it was counter stamped . Right side above date .
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 Posted 02/01/2018  5:19 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
Actually, that C/s area almost looks like a lamination issue.
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 Posted 02/01/2018  6:59 pm  Show Profile   Bookmark this reply Add coop to your friends list Get a Link to this Reply
When you look at the PCGS site, there is a section called "COINFACTS".
http://www.PCGScoinfacts.com/
When you click on that area it will show you coins of what ever year you need to compare with. It shows three grades. Red, Red Brown and brown. On the same site there is a grading guide that is helpful also. From the home page click on resources on the top title bar. On the lower part of the page you see another box below called "Grading resource". Click on Photograde
https://www.PCGS.com/photograde/
Then find the type of coin you want to search, and there is a grading system that grades according to coin circulation wear from 70 to 1. &0 the best grade, MS (Mint State Range to MS-60) then the circulated grades. But keep in mind if your coin has a scratch/dent/hole in it/edge damage it doesn't qualify. The coin need to be free from blemishes. Other wise it is just a cull. Worth about 90% less than the graded price ranges in other books. You might enjoy it.
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Edited by coop
02/01/2018 7:00 pm
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 Posted 02/01/2018  9:13 pm  Show Profile   Bookmark this reply Add Ariette to your friends list Get a Link to this Reply

Quote:
It was red when it was new. Now it is a brown cent. In that condition, it is worth $0.01.


I'd say it's worth a small premium over face, just by virtue of being a Wheat cent. Not a whole lot in that condition - probably somewhere on the order of 5 cents.
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 Posted 02/01/2018  9:19 pm  Show Profile   Check nss-52's eBay Listings Bookmark this reply Add nss-52 to your friends list Get a Link to this Reply

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