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1787 Massachusetts Penny

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joefoto's Avatar
United States
2 Posts
 Posted 11/18/2024  10:53 am Show Profile   Bookmark this topic Add joefoto to your friends list Get a Link to this Message Number of Subscribers
Hi, New here and I am interested in some help with coins I inherited. Fist one is a 1787 Massachusetts Penny. I know nothing about condition, Grading etc and need help with appraisal of this coin and a few others. anything you have to offer would be appreciated.

Edited by joefoto
11/18/2024 11:19 am
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TimNH's Avatar
United States
398 Posts
 Posted 11/18/2024  11:39 am  Show Profile   Bookmark this reply Add TimNH to your friends list Get a Link to this Reply
Very cool coin! Made before the US mint started up in 1793, the states were still scrambling to get money out there.

I don't know varieties, but you can click through and try to match the variety here - https://www.pcgs.com/coinfacts/cate...official/822

You could also estimate the grade (if not for the hole, that would get a 'details' non-number grade) here - https://www.pcgs.com/photograde#/Ma...setts/Grades

Look forward to seeing what else you got, bet theres some other great stuff in there.
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paralyse's Avatar
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 Posted 11/18/2024  11:45 am  Show Profile   Bookmark this reply Add paralyse to your friends list Get a Link to this Reply


It's a 1787 Massachusetts cent, Ryder 3-G (variety), rated R2-R3 scarcity, and grading about VF20. Nice color and surfaces, but holed.

The hole reduces the value quite a bit since it's not a rare variety. Without the hole it would probably go for $400-$600, but even with the hole, it's a popular early pre-Federal issue and still has some collector value.

Personally, I'd keep it as a family heirloom, but if I had to put a number on it, I'd list it for $75-$100 or thereabouts.
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Coinfrog's Avatar
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 Posted 11/18/2024  12:26 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply


to the CCF!
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nickelsearcher's Avatar
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 Posted 11/18/2024  1:21 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
to the CCF
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Errers and Varietys's Avatar
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 Posted 11/18/2024  10:29 pm  Show Profile   Bookmark this reply Add Errers and Varietys to your friends list Get a Link to this Reply
To CCF! Pretty cool coin.
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joefoto's Avatar
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 Posted 11/25/2024  07:45 am  Show Profile   Bookmark this reply Add joefoto to your friends list Get a Link to this Reply
Thanks for the comments. I have a couple of old coins with holes in them. was there a reason for the holes in these coins?
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numismatic student's Avatar
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 Posted 11/25/2024  09:15 am  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply
Often they were so that you could place a string through it and wear it as a necklace or bracelet.
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