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Is It Worth Grading 1867 Indian Head Penny

 
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 Posted 04/23/2019  02:13 am Show Profile   Bookmark this topic Add MrRednose to your friends list Get a Link to this Message
I have been collecting coins for a while now and have a few good ones and errors, but have never payed to have one graded and was wondering if this was worth it. Its the nicest wheat I own. I was quoted $60 to grade and was told its more the more its worth?


Edited by MrRednose
04/23/2019 11:46 am
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 Posted 04/23/2019  04:28 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
to CCF. It is an IHC,Indian Head Cent,not a Wheat penny. Who told you it cost $60 to grade? What grading company slab would it be put in? Need pic of reverse to grade. As a general rule, the coin need to have a retail value of at least $150 to justify all costs involved in sending it in.
John1
( I'm no pro, it's just my humble opinion )
Searched 5+ Million Cents Since 1971
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 Posted 04/23/2019  06:50 am  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply


That IHC looks cleaned to me. Not worth slabbing.
My best finds: 1999-WAM:http://goccf.com/t/332161 1988-RDV-6:http://goccf.com/t/335954#2873459 1986-Off-center: http://goccf.com/t/335952
1999 WAM #2:http://goccf.com/t/338710&whichpage=1
ANA id: 3194067
My Youtube: https://www.youtube.com/channel/UCq...ukyxurAHKuRg
If you want to buy something or sell something or just talk, shoot me a PM!
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 Posted 04/23/2019  07:37 am  Show Profile   Check nss-52's eBay Listings Bookmark this reply Add nss-52 to your friends list Get a Link to this Reply
click to see larger image
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 Posted 04/23/2019  07:39 am  Show Profile   Check nss-52's eBay Listings Bookmark this reply Add nss-52 to your friends list Get a Link to this Reply
ps, this is not a Wheat penny, it is an Indian Head cent.
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 Posted 04/23/2019  08:01 am  Show Profile   Bookmark this reply Add JimmyD to your friends list Get a Link to this Reply
To the CCF

As nss-52 points out with his photo comparisons, it is clearly a counterfeit
so wouldn't be Gradeable anyway.
Don't argue with an idiot, he will beat you with experience.
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 Posted 04/23/2019  08:34 am  Show Profile   Check nss-52's eBay Listings Bookmark this reply Add nss-52 to your friends list Get a Link to this Reply
Notice the date and the R in AMERICA.
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 Posted 04/23/2019  08:48 am  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
that coin is a counterfeit .
Proud Member of The Black Sheep Squadron !
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 Posted 04/23/2019  08:54 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Doesn't sound to good about your coin from what everyone is saying. Where did you get it?
just carl
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 Posted 04/23/2019  09:01 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Agree this is probably counterfeit.



to the CCF!
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 Posted 04/23/2019  09:42 am  Show Profile   Bookmark this reply Add MrRednose to your friends list Get a Link to this Reply
I found it in a older coin roll a 1970s bank roll couldn't tell much more then that it's super clean and probably counterfeit from the comments.
Edited by MrRednose
04/23/2019 12:02 pm
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 Posted 04/23/2019  11:12 am  Show Profile   Bookmark this reply Add JimmyD to your friends list Get a Link to this Reply
It's not "probably counterfeit", it's 100% counterfeit.
There are numerous counterfeit markers on the coin.
Don't argue with an idiot, he will beat you with experience.
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 Posted 04/23/2019  11:18 am  Show Profile   Bookmark this reply Add MrRednose to your friends list Get a Link to this Reply
Ok cool why would someone counterfeit this year? Just a general question
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 Posted 04/23/2019  11:38 am  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply
It's very expensive
My best finds: 1999-WAM:http://goccf.com/t/332161 1988-RDV-6:http://goccf.com/t/335954#2873459 1986-Off-center: http://goccf.com/t/335952
1999 WAM #2:http://goccf.com/t/338710&whichpage=1
ANA id: 3194067
My Youtube: https://www.youtube.com/channel/UCq...ukyxurAHKuRg
If you want to buy something or sell something or just talk, shoot me a PM!
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 Posted 04/23/2019  2:49 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
Because an Uncirculated 1867 is about a $300 coin, and once you have the dies made up you can crank out about 60 of them a minute or about $18,000 a minute. Even if you wholesale them out at $5 each you can clear $18,000 an hour.
Gary Schmidt
Edited by Conder101
04/23/2019 2:49 pm
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 Posted 04/23/2019  3:07 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
An 1867 RED MS65 is only about $7500 to $9000 in the right holder !
Yours is a recent fake that retails for about a buck and half from a Chinese counterfeiter.
We see this stuff on a regular basis at our weekly market , the only thing more laughable than the obvious
fakes is the Acquisition Stories that often accompany them !
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