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1953 S Silver US Wheat Penny ?

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tomtom777's Avatar
United States
243 Posts
 Posted 11/21/2012  5:59 pm Show Profile   Bookmark this topic Add tomtom777 to your friends list Get a Link to this Message Number of Subscribers
This person claims to be selling a silver wheat pennny certified by NGC, there are no pictures. I emailed asking for pictures but no response as of yet. Have any of you ever heard of this penny?

http://sfbay.craigslist.org/sfc/clt...5289810.html
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reupman's Avatar
United States
597 Posts
 Posted 11/21/2012  6:04 pm  Show Profile   Bookmark this reply Add reupman to your friends list Get a Link to this Reply
yes I have heard of this mistake ask for the cert number
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basebal21's Avatar
13014 Posts
 Posted 11/21/2012  6:07 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
I havent heard of that exact one but I have seen nickels on dime plancets and other coins stuck on the wrong planchet so its not out of the question that something like that could exist. There was a thread on another board I saw from a google search where someone else claimed they had one that was graded by ANACS from a different year for what its worth.
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nickelsearcher's Avatar
United States
15414 Posts
 Posted 11/21/2012  6:46 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
It's possible to have an off-metal error.

Stand your ground and insist the seller provide an NGC certification number ... this can be used to look up the coin in question and determine in fact whether it has been authenticated.

David
Take a look at my other hobby ... http://www.jk-dk.art
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Gyrene7483's Avatar
United States
1704 Posts
 Posted 11/21/2012  10:46 pm  Show Profile   Bookmark this reply Add Gyrene7483 to your friends list Get a Link to this Reply
It could be a silver plated Wheat cent in a counterfeit NGC slab. Approach this with caution if this is the real deal he wouldn't be selling the coin on Craigs List he would have it on ebay or in some other auction.

Ed
ANA LM-3175
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tomtom777's Avatar
United States
243 Posts
 Posted 11/21/2012  10:49 pm  Show Profile   Bookmark this reply Add tomtom777 to your friends list Get a Link to this Reply
I'm thinking it could be fake as well. He hasn't responded to my email as of yet. And since he didn't put any info about the specific coins itself I doubt it is real.
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BLadd's Avatar
United Arab Emirates
557 Posts
 Posted 11/21/2012  10:53 pm  Show Profile   Bookmark this reply Add BLadd to your friends list Get a Link to this Reply
Approach with caution. I've seen quite a bit of scams on CL and this one has no photo. He claims to come from a long line of Numismatists but doesn't give the cert. number. That was a huge red flag for me.
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Foxwoods Man's Avatar
United States
4901 Posts
 Posted 11/22/2012  09:44 am  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
The listing sounds appropriate for a cent on dime planchet and I have seen quite a few similar NGC certified coins

Red flags though....

...actually asking way below its true value. These sell for in excess of $750 and some into the thousands. Makes me think it was obtained by means that were not legal...(theft). Probably why there is no cert number given since it could then be traced.

...Numismatist family? Selling this on Craigslist? Get real....

Buy it if you want a bargain...but don't EVER try to sell it.... unless you have a good lawyer
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United States
20753 Posts
 Posted 11/22/2012  11:04 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:
It could be a silver plated Wheat cent in a counterfeit NGC slab. Approach this with caution if this is the real deal he wouldn't be selling the coin on Craigs List he would have it on ebay or in some other auction.

Ed
ANA LM-3175

Kind of says exactly what I would say. IF real, should have been on a really large, well known place.
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tomtom777's Avatar
United States
243 Posts
 Posted 11/22/2012  3:13 pm  Show Profile   Bookmark this reply Add tomtom777 to your friends list Get a Link to this Reply
I'm leaning more towards that it might be real just that it's like foxwoods said and it is probably stolen and they are just looking to get a quick buck.
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tomtom777's Avatar
United States
243 Posts
 Posted 11/22/2012  3:15 pm  Show Profile   Bookmark this reply Add tomtom777 to your friends list Get a Link to this Reply
He actually just replied to my email with the NGC #2585367-001 and the weight 2.5grams.
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Foxwoods Man's Avatar
United States
4901 Posts
 Posted 11/23/2012  08:28 am  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply

Quote:

Date/Info: 1953 S STRUCK ON A 10C PLANCHET 2.5 GRAMS
Denomination: 1C
Grade: MINT ERROR AU 55


Real coin....another vote for stolen
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slowaltima's Avatar
United States
203 Posts
 Posted 11/23/2012  09:30 am  Show Profile   Bookmark this reply Add slowaltima to your friends list Get a Link to this Reply
Got my vote for stolen, that's not something that would be normally sold on CL. ebay or HA would be the best for getting the most money for it. I would stay away from this one.
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Bryan1315's Avatar
United States
14454 Posts
 Posted 11/23/2012  12:32 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
from the listing it isn't really a silver Lincoln Cent per say it is just a Lincoln struck on a dime planchet, so it is silver and is a Lincoln Cent but nothing unheard of as there are all types of coins struck on the wrong planchet out there. There are actually some struck dimes with a second strike from a Lincoln Cent out there as well and they are called double denomination coins or 11 cent coins
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Fat Freddy's Avatar
United States
1200 Posts
 Posted 11/23/2012  1:33 pm  Show Profile   Bookmark this reply Add Fat Freddy to your friends list Get a Link to this Reply
Far more red flags than I've seen in a long time...

But, to add it all up... 1-"a 1953 S U.S. Silver Wheat cent"; 2-which "is an actual NGC "Certified" coin"; 3-being sold on CraigsList; 4-by the spawn of "a long line of Numismatists"; 5-who knows "how rare coins such as this are." As my teenage granddaughters would say, "Wow!!"

I didn't know they piled it that high. In addition, your getting no answer to your emails is the reddest flag of all.

This could theoretically be legit, but what are the odds? As always, "Caveat emptor!"
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hesgut's Avatar
1028 Posts
 Posted 11/23/2012  1:56 pm  Show Profile   Bookmark this reply Add hesgut to your friends list Get a Link to this Reply
The cert matches, so it is a real coin.

I don't think it's impossible to sell such a coin on craigslist. I live in the general SF bay area and craigslist is pretty good around here simply because there are so many people. I have attempted to sell a $200 coin on craigslist around here...I say attempted because nobody wanted to give me that price, but I got many responses.

This coin is really not that rare or valuable. No AU cent on dime is worth that much. I also don't know why he's asking 4000. I think that price is high.

It might be stolen. If you meet up with the guy you'll probably know for sure. It's pretty easy to tell if somebody is a coin collector by talking to them. It's just something that can't be faked. You could also use police tactics to determine if they're lying...i.e. like observing their eye position as they recount from memory.

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