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Question About Selling A Toned Coin: 1955 Wheat Penny

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Author Previous TopicReplies: 11 / Views: 2,598Next Topic  
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Redifin's Avatar
United States
505 Posts
 Posted 06/07/2013  11:57 am Show Profile   Bookmark this topic Add Redifin to your friends list Get a Link to this Message Number of Subscribers
Okay, so did a trade with a guy, and I got a 1955-D Wheat penny. The first thing I noticed was the tone. I'm about 99% sure it's NT, and I took a 10x glass to it and I'll be darned if the thing wasn't uncirculated! To make it even better, the tone is one of the most unique and beautiful ones I've seen. The only bad thing about it is, it's tad bit dark....ish.

But hell, it's got four colors with two being prominent: a teal color and a purple-ish color.

So the question at hand...I've seen these coins for sale that have premiums that range widely apart. Albeit, the cheap ones were AT. The 'real deal' were going for: G condition with slight toning-$2-$20. And the Unc. condition, like mine, with slight and heavy toning, anywhere from $75-$500.

So...Would it be unreasonable to ask for $300?

Oh and...you guys will have to bare with me...I don't have pictures :( But I will get some soon.
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JJHFL's Avatar
United States
395 Posts
 Posted 06/07/2013  12:29 pm  Show Profile   Bookmark this reply Add JJHFL to your friends list Get a Link to this Reply
Are we talking about an error free coin? Unless I'm missing something you can pick these up for a few dollars, or even slabbed for not much more. With toning. If I am missing something I have a lot of coins to sell :)
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Dave H's Avatar
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1436 Posts
 Posted 06/07/2013  12:59 pm  Show Profile   Bookmark this reply Add Dave H to your friends list Get a Link to this Reply
Unless that cent is MS-67 or higher, changes are VERY slim you would come anywhere near to $300.00. Below is the current NumisMedia pricing on their web site

1955 D RD
FMV
+
MS-66 @ 27.50 MS-67 @ 475.00

Look at the SOLD 1955-D cents on E-Bay and see what they're going for...
Edited by Dave H
06/07/2013 1:01 pm
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ksmcents's Avatar
United States
306 Posts
 Posted 06/07/2013  1:24 pm  Show Profile   Bookmark this reply Add ksmcents to your friends list Get a Link to this Reply
Show me where these sell... (uncirculated...not slabbed MS-67+) for $300. I may retire early if this is true.
Edited by ksmcents
06/07/2013 1:25 pm
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JJHFL's Avatar
United States
395 Posts
 Posted 06/07/2013  1:56 pm  Show Profile   Bookmark this reply Add JJHFL to your friends list Get a Link to this Reply
To the OP: I hope you don't take offense to mine, or the other comments posted. I'm sure that's no ones intention. Basically everyone is saying you may have come across some wrong info.
Rest in Peace
bpoc1's Avatar
United States
4078 Posts
 Posted 06/07/2013  4:12 pm  Show Profile   Bookmark this reply Add bpoc1 to your friends list Get a Link to this Reply
Nicely stated JJHFL.
Redfin, if the coin was a 1955 Doubled-Die Obverse we would be talking serious money.
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Redifin's Avatar
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505 Posts
 Posted 06/07/2013  5:58 pm  Show Profile   Bookmark this reply Add Redifin to your friends list Get a Link to this Reply
WOW...I feel really stupid...I had a HUUUUGGGEEEEE brain fart. I mixed up my coins, hahaha.

Instead of "Uncirculated Toned 1955-D Wheat" I meant to say, "Uncirculated 1903 Indian Head penny toned"

sorry, haha
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basebal21's Avatar
13014 Posts
 Posted 06/07/2013  6:08 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
The thing about toned coins is people love them or hate them. Some people will pay huge premiums for them though if theyre unique or look great.

If youre worried about underpricing it you can always list it for something then see what happens and lower the price over time if you arent in a hurry or do an auction with a reserve and see what range it ends up in or the obvious no reserve auction
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Redifin's Avatar
United States
505 Posts
 Posted 06/07/2013  6:16 pm  Show Profile   Bookmark this reply Add Redifin to your friends list Get a Link to this Reply
That's a good point basebal, Thank you!

So should I, let's say, start at $800, then after a week down to 700, then 600, 500, 475, 450, etc. until it sells, right?
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JJHFL's Avatar
United States
395 Posts
 Posted 06/07/2013  6:29 pm  Show Profile   Bookmark this reply Add JJHFL to your friends list Get a Link to this Reply


If you post a pic you can get some grading opinions. If it will grade out, you could get it slabbed. As a raw coin I think you are going to have trouble commanding a premium with that one. But again, have to see it. Shotgun rolls with nicely toned 1903's on the end have sold recently for about $90-140 for the entire roll. Single coins as little as $10 raw in decent shape.
Edited by JJHFL
06/07/2013 7:02 pm
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sel_69l's Avatar
Australia
21786 Posts
 Posted 06/07/2013  7:32 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
The value if any toned coin has eye appeal as a major component of it's value.
Beauty is in the eye of the buyer (beholder).
That makes them harder to value.

Toning can mean mean many things, which can add or detract from the value of a coin.

Rainbow toning is very delicate. Such toning can be very transitory.
Any coin with this feature should be stored in an air tight environment.
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Redifin's Avatar
United States
505 Posts
 Posted 06/25/2013  5:56 pm  Show Profile   Bookmark this reply Add Redifin to your friends list Get a Link to this Reply
Sorry...I've been on vacation, just got back. I need tips about taking pictures of coins, the toning is not coming out as good as I want in the picture.

I will try again tonight when I get off work. Hopefully I can get a half-way decent picture to show.
Edited by Redifin
06/25/2013 5:58 pm
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