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How Would You Grade This 1947 Lucky Cent?

 
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Author Previous TopicReplies: 7 / Views: 410Next Topic  
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Canada
1046 Posts
 Posted 10/23/2020  10:23 pm Show Profile   Bookmark this topic Add 47P7 to your friends list Get a Link to this Message
Needless to say, it is seldom to find one of these lucky cents in nice condition.and it is nicely tone as a bonus.
what grade would you give the coin alone?
any comments are appreciated..
thanks guys..




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United States
52079 Posts
 Posted 10/23/2020  10:39 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
In my view, not gradable. The coin's edges will almost certainly be damaged by the holder.
New Member
Canada
16 Posts
 Posted 10/23/2020  11:18 pm  Show Profile   Bookmark this reply Add Salishbunny to your friends list Get a Link to this Reply
Hi 47P7, I do not know anything about grading, I have heard about these Lucky Pennies but never seen one, really cool looking coin.
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Canada
3241 Posts
 Posted 10/24/2020  09:43 am  Show Profile   Bookmark this reply Add okiecoiner to your friends list Get a Link to this Reply
I used to see these alot growing up in the US Midwest, but not so much in the last 50 years. There is a collector here in the T.O. area who specializes in these "encased" cents, both Good Luck and commemorative, and has a very large assemblage. From the hair, alone, I'd say AU and it maybe rode in someone's pocket for a while.
Edited by okiecoiner
10/24/2020 09:44 am
Valued Member
Canada
140 Posts
 Posted 11/17/2020  4:25 pm  Show Profile   Check ainsivalavie's eBay Listings Bookmark this reply Add ainsivalavie to your friends list Get a Link to this Reply
A situation similar to yours with this encased cent:

I am not a big collector of encased coins. But when I saw this one on eBay a few months ago, I couldn't resist the patina on the 1 cent 1947.

However, I was a bit disappointed when I received the token to notice some damage on the 1 cent (In the middle of the Obverse), probably from the moment it was inserted in the ring.

Anyway, I am still satisfied, even though I already owned several 1 cent 1947 with a similar or even better eye appeal.



------------------
Anecdote:
Quite the opposite of this other encased coin which was part of a lot that I acquired 2 weeks ago, and which is most probably the most worn I had in my hands (Maybe a pocket piece?).

Edited by ainsivalavie
11/17/2020 7:42 pm
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Australia
13458 Posts
 Posted 11/17/2020  5:57 pm  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
Yes, unfortunately, the process of making one of these "encased coins" damages the coin - they crush part ofthe rim down ti a thin strip, then wrap the aluminium casing around the strip. This prevents the coin from simply falling out. Modern bimetallic coins use much the same principle, to stop the central plug from falling out too easily.

You occasionally find a coin that has been liberated from such encasement; they look like this American example - and all you have is a "damaged coin" that might get mistaken for some kind of mint error.

So the coin no longer exists as a "coin", to be graded separately. Any grade given is applied to the whole piece; in instances where the coin is heavily worn but the encasement is still pristine (if the original coin had been well-worn when it was encased), it is the condition of the encasement that determines the item's condition.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Canada
140 Posts
 Posted 11/17/2020  7:47 pm  Show Profile   Check ainsivalavie's eBay Listings Bookmark this reply Add ainsivalavie to your friends list Get a Link to this Reply

Quote:
Yes, unfortunately, the process of making one of these "encased coins" damages the coin - they crush part ofthe rim down ti a thin strip, then wrap the aluminium casing around the strip. This prevents the coin from simply falling out. Modern bimetallic coins use much the same principle, to stop the central plug from falling out too easily.

You occasionally find a coin that has been liberated from such encasement; they look like this American example - and all you have is a "damaged coin" that might get mistaken for some kind of mint error.

So the coin no longer exists as a "coin", to be graded separately. Any grade given is applied to the whole piece; in instances where the coin is heavily worn but the encasement is still pristine (if the original coin had been well-worn when it was encased), it is the condition of the encasement that determines the item's condition.

I deviated a bit from the subject with my previous comment, but for the rest, I share your opinion.
Edited by ainsivalavie
11/17/2020 7:47 pm
Valued Member
Canada
140 Posts
 Posted 11/17/2020  7:56 pm  Show Profile   Check ainsivalavie's eBay Listings Bookmark this reply Add ainsivalavie to your friends list Get a Link to this Reply

Quote:
You occasionally find a coin that has been liberated from such encasement; they look like this American example - and all you have is a "damaged coin" that might get mistaken for some kind of mint error.

@Sap: The coin from Koinpro made me think of a USA 1 cent 1901 in my possession where I was wondering. In my opinion, we are probably facing the same thing here too.

Do you agree with me?

Edited by ainsivalavie
11/17/2020 8:01 pm
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