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 Replies: 16 / Views: 4,233 |
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Pillar of the Community
 United States
5828 Posts |
Hello! Over the weekend I revived a EF-40 ish 1931 S Wheat penny as a gift. Now, I am wondering if, well, it's real. My father, who gave it to me, got it for only $60... And now I'm reading that people are selling them for hundreds! In fact, my Red Book says $115! Also, if it's real (Most likely) Should I get it graded? And if so, what company would be cheapest? Any help would be greatly apreciated!  |
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Pillar of the Community
United States
5206 Posts |
As is always said  Take the staples out first so as not to scratch the coin and then post close up obverse and reverse pics. |
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Pillar of the Community
 United States
5828 Posts |
  Here ya go! Sorry for not posting theese earlier! |
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Bedrock of the Community
United States
12817 Posts |
Can you get a close-up of the date and mint mark? Something looks fishy...
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Pillar of the Community
United States
7375 Posts |
Looks ok to me. $60 is not unusual for that semi-key date in raw state. The RedBook prices can be very high. |
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Pillar of the Community
United States
1192 Posts |
I usually back 25% off off RedBook prices |
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Pillar of the Community
Puerto Rico
778 Posts |
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Bedrock of the Community
Canada
10743 Posts |
I would also like to look at a closeup of the mint mark, it looks like it may have been added.  Better close up photos would help. |
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Moderator
 United States
56855 Posts |
Red Book values are at least 20% high. As to the cheapest TPG,ANACS. John1 
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Pillar of the Community
United States
1109 Posts |
I think it looks alright, and I'd probably pay about $60-$80 for it. I see no issues here, from what I can see on the photographs.
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Moderator
United States
188130 Posts |
The 1931-S Lincoln Cent has come down some in the last few years. I have no problem believing that a raw one in this grade was only $60, but would still like a better look at the date and mint mark. |
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Bedrock of the Community
United States
20753 Posts |
Just put it away for now. In that condition it should be real. Not many would bother making a fake worth that little. And as to sending it in for grading, might end up costing more than it's worth.
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Bedrock of the Community
United States
19943 Posts |
This is probably the most faked Lincoln Cent out there. I've seen dozens of fakes over the years. You need to post a close-up of the date/MM area if you want us to authenticate it. Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Pillar of the Community
United States
4211 Posts |
I paid $60 for the one in my Wheat collection in about the same condition. I wouldn't be concerned over the price. As mentioned, the Red Book is HIGH retail. I never pay anywhere near those prices. |
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New Member
United States
40 Posts |
Nice looking coin. Wouldn't hurt to authenticate it if possible.
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Pillar of the Community
United States
4691 Posts |
Looks ok to me. $60 is about right. Wouldn't waste the money to authenticate as I see no red flags.
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Replies: 16 / Views: 4,233 |
Posted 12/07/2014 10:51 pm
