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Lincoln Pennies. Should I Grade Them?

 
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Author Previous TopicReplies: 11 / Views: 1,407Next Topic  
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United States
42 Posts
 Posted 08/02/2020  3:14 pm Show Profile   Bookmark this topic Add 3wheels to your friends list Get a Link to this Message
Hi,

I have several older Pennies in excellent condition. Wondering if I should grade them and if they'd have value. Any help is appreciated.

The first 4 images are as follows:
Two 1964 weight 3.10g
One 1965 weight 3:04g
One 1966 weight 3:16g side is dark brown, odd but front and back are red
One 1985 weight 2.51g
One 2002 weight 2.50g

Second set of pictures are
One 1969 D weight 3:10g
One 1981 weight 3:08g
Two 1999 weight 2:48g









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United States
1566 Posts
 Posted 08/02/2020  3:15 pm  Show Profile   Bookmark this reply Add Daves Errors to your friends list Get a Link to this Reply
Spenders Or 2X2 if you want to keep them. I see none worth grading the coast is worth more then there value.
Edited by Daves Errors
08/02/2020 3:17 pm
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United States
62063 Posts
 Posted 08/02/2020  3:17 pm  Show Profile   Bookmark this reply Add coop to your friends list Get a Link to this Reply
Are talking about grading yourself or sending them in for a third party grader. Are you prepared to spend as much as $50 per coin to find out they are slightly worth more than face/ or just face value? Grading is not cheap.
Richard S. Cooper
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United States
12963 Posts
 Posted 08/02/2020  3:22 pm  Show Profile   Bookmark this reply Add ijn1944 to your friends list Get a Link to this Reply
One coin per post/thread might serve you better.

Given the photos posted (could be larger and higher resolution), I'd say none of the coins are worthy of submission for grading--given the cost of doing that and the relative value of each coin. Nearly all of the coins shown are lightly circulated, have a few light dings and hits, and appear to show light environmentally-caused staining. One '64 cent might grade at MS62--but can't really tell from the small photos. The remaining coins likely fall in the AU range. I think you're looking at a collection of coins having one cent value each.

Others will chime in, I'm sure.
New Member
Topic Starter
United States
42 Posts
 Posted 08/02/2020  3:27 pm  Show Profile   Bookmark this reply Add 3wheels to your friends list Get a Link to this Reply
That's a bummer. They all are very new looking for older circulated coins. Not brown, but shiny red and well defined.

Thanks for the feedback.
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 Posted 08/02/2020  3:38 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Agree these do not appear worth the cost of grading.
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1351 Posts
 Posted 08/02/2020  4:49 pm  Show Profile   Bookmark this reply Add lcutler to your friends list Get a Link to this Reply
I would put the '60s coins in 2x2's and keep them. Not any great value but I would protect them.
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 Posted 08/02/2020  5:43 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
Unless a coin is worth about 150.00, the slabbing is too expensive.

It also is likely not going to happen that a coin found in circulation will reach a high enough grade to be worth very much.

Another thing, and I post this as an educational bit of info, is to know grading companies do not grade a coin. What I mean is that they give an opinion on the grade of a coin. If you break a coin out of its slab and resubmit it to the same company you are never guaranteed the coin will get the same grade again. There is no verifiable science behind it, and the companies themselves tell you its an art. Although the science has been there for decades, they choose not to use it.

I am NOT saying slabbed coins are "evil." I am saying that coin collectors need to understand, like anything else, marketers for these companies have hyped the companies to the point there are a lot of people who not only think of th companies as being essential to the hobby, but see these companies as being the only ones who can give THE authoritative word about a coin.

Yet some of the same people pay another company, CAC, to evaluate the grade the "experts" already put onto a slab. I guess the experts need more experts to affirm them.

Just do the homework and be smart about the realities of these grading companies. Here are some factual examples - and they are not ll that hard to find when you start looking for them:
http://goccf.com/t/346174#2967242

A former member of this forum - now passed on and missed - had this to say:
http://goccf.com/t/130186

Look into this subject and see what our forum family says to buy the coin and not the slab.

If you like slabs - great! Hobbies are about fun. Just understand what is inside the slab is not necessarily what the label says.
How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
Costly TPG ineptitude and No FG Kennedy halves
https://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2
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 Posted 08/02/2020  6:49 pm  Show Profile   Bookmark this reply Add merclover to your friends list Get a Link to this Reply
completely with Earle42. Upon what we could see from your photos, nothing jumps out as worthy of the expense of third party grading as others have pointed out.

With future submissions, please give us only one coin per thread. It makes it easier for us to help you without getting all mixed up. Thanks in advance. And be sure to crop your photos right to the edge of the coin. Otherwise, your photography was excellent!

Keep searching, keep asking questions. You're part of our family now, and we'll help as much as we can. Just realise, not every coin is an error coin, and not every coin is valuable. But, error coins are indeed out there, and as I said, don't be afraid to ask us!


ša va bien aller

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 Posted 08/02/2020  8:09 pm  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
According to the price guides, no modern 1 cent coin is more than $20 in Ms65 (some varieties excepted). MS66 or better for circulation coins is tough to find. I would say you would never find them in your change or a bank roll.
New Member
Topic Starter
United States
42 Posts
 Posted 08/23/2020  10:42 am  Show Profile   Bookmark this reply Add 3wheels to your friends list Get a Link to this Reply

Thanks everyone for your help.
Valued Member
United States
182 Posts
 Posted 08/27/2020  6:08 pm  Show Profile   Bookmark this reply Add coin searching to your friends list Get a Link to this Reply
How much does it cause to grade a coin?
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