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Altered Date 1930 Penny

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enworb's Avatar
Australia
4411 Posts
 Posted 05/28/2012  8:14 pm Show Profile   Bookmark this topic Add enworb to your friends list Get a Link to this Message Number of Subscribers
http://www.ebay.com/itm/1930-PENNY-...ht_711wt_922

$355.00 that is a pig of a coin. The date isn't even close to being altered well. The colour is crap. aUNC

I could not bring myself to bid $20 on that coin.
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trout1105's Avatar
Australia
7096 Posts
 Posted 05/28/2012  8:34 pm  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply
UNBELIVABLE $465 for a fake/altered coin.
Some people have rocks in their heads
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enworb's Avatar
Australia
4411 Posts
 Posted 05/28/2012  8:42 pm  Show Profile   Bookmark this reply Add enworb to your friends list Get a Link to this Reply
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appleangel07's Avatar
Australia
1607 Posts
 Posted 05/28/2012  8:50 pm  Show Profile   Bookmark this reply Add appleangel07 to your friends list Get a Link to this Reply
More cents than sense IMO.
Bedrock of the Community
sel_69l's Avatar
Australia
21786 Posts
 Posted 05/28/2012  10:02 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Why on Earth would you want to pay more than 10 bucks for a fake of this quality?
Valued Member
shaden's Avatar
Australia
59 Posts
 Posted 05/29/2012  03:35 am  Show Profile   Bookmark this reply Add shaden to your friends list Get a Link to this Reply
about unusable,how do these buyers on ebay get sucked in?
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goatieman23's Avatar
Australia
869 Posts
 Posted 05/29/2012  03:53 am  Show Profile   Bookmark this reply Add goatieman23 to your friends list Get a Link to this Reply
A lot of people are prepared to pay a lot of money for an altered date Penny because it's as close to a genuine as it will get, rather than the bland detail of a Chinese counter-part. I have quite a few with a much better looking date. I have a silvered one, a lead one & numerous altered dates. My initial thing was to get one for the collection. So some people are prepared to pay a huge amount for them.

If anyone wants to see the ones I've got, let me know & I'll take some snaps & post some images.
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enworb's Avatar
Australia
4411 Posts
 Posted 05/29/2012  04:02 am  Show Profile   Bookmark this reply Add enworb to your friends list Get a Link to this Reply
Im keen to see them goatie

This one isn't a very good alteration IMO.
Valued Member
shaden's Avatar
Australia
59 Posts
 Posted 05/29/2012  04:03 am  Show Profile   Bookmark this reply Add shaden to your friends list Get a Link to this Reply
ok goatieman i'll have a look, I have 1 altered date i'll post a pick of that too
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MobOfRoos's Avatar
Australia
762 Posts
 Posted 05/29/2012  04:52 am  Show Profile   Bookmark this reply Add MobOfRoos to your friends list Get a Link to this Reply

Quote:
A lot of people are prepared to pay a lot of money for an altered date Penny because it's as close to a genuine as it will get


My own theory is that these coins go for a lot of money because the buyer is intending to on-sell it as a genuine coin....But this coin would have to be the most amateurish altered date I have ever seen.
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trout1105's Avatar
Australia
7096 Posts
 Posted 05/29/2012  05:30 am  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply

Quote:
Why on Earth would you want to pay more than 10 bucks for a fake of this quality?

why would you pay anything for a fake regardless of the quality.
A fake is a fake is a fake.
I tend to agree with MOR's idea that it is purchased with the intent of selling as a genuine coin.
All these altered dates should be destroyed and we should never bid on these "pretenders".
No serious collector would have one of these within 5 miles of their collection.
I have been duped by fakes before and they all suffer the same fate.
.243 at 50 meters
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enworb's Avatar
Australia
4411 Posts
 Posted 05/29/2012  05:38 am  Show Profile   Bookmark this reply Add enworb to your friends list Get a Link to this Reply
I know sel keeps fakes to arm him with knowledge. I think this is a good idea presuming the fakes dont cost much. $450 for a reference coin is stupid. I agree with MOR's theory.

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sel_69l's Avatar
Australia
21786 Posts
 Posted 05/29/2012  05:44 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Northampton, eh?
That's roughly $2.70 per shot, circa 160 grains per projectile, 65 grains of benchmark 11 powder. M.V. ~ 2,300 fps.
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trout1105's Avatar
Australia
7096 Posts
 Posted 05/29/2012  05:57 am  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply

Quote:
Northampton, eh?
That's roughly $2.70 per shot, circa 160 grains per projectile, 65 grains of benchmark 11 powder. M.V. ~ 2,300 fps.

Geraldton. about $3 per shot.. 60 grains fmj projectile,38.0 Grains AR2206H powder, M.V. 3,812 fps.
Does the job
I have used 100 grain partition rounds but there is not much left of the coin, If you can find it with these
Pillar of the Community
Australia
515 Posts
 Posted 05/29/2012  06:42 am  Show Profile   Bookmark this reply Add the-purple-penny to your friends list Get a Link to this Reply
I bought an altered date penny that included a letter from the RAM authenticating it as a non-genuine 1930 penny (an authentic genuine non-genuine coin!). I think that having the letter is the coolest part of having it. I was reading old ACR mags and they talked about what constituted wrongdoings. You were allowed to own these altered coins as they were legitimate pennies, you were allowed to sell them as altered date coins, but if you tried to sell one as a 1930 penny then you were breaking the law.
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trout1105's Avatar
Australia
7096 Posts
 Posted 05/29/2012  06:45 am  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply

Quote:
an authentic genuine non-genuine coin

They obviously could not remember how to spell Fake
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