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2006 No Logo Magnetic Penny

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denny7000's Avatar
Canada
1018 Posts
 Posted 12/25/2014  2:08 pm Show Profile   Bookmark this topic Add denny7000 to your friends list Get a Link to this Message Number of Subscribers
Hello, opinions on grade and value please. My camera isn't the best.

2006-No-Logo-Magnetic-Penny

2006-No-Logo-Magnetic-Penny
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atticguy's Avatar
United States
1373 Posts
 Posted 12/25/2014  2:42 pm  Show Profile   Bookmark this reply Add atticguy to your friends list Get a Link to this Reply
It's a nice, fresh-looking coin but I think it's just a common variety and worth one cent. I think the magnetic non-RCM ones are the 'special' type.
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Pacificoin's Avatar
Canada
5397 Posts
 Posted 12/25/2014  2:48 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
Gem Unc but common!
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denny7000's Avatar
Canada
1018 Posts
 Posted 12/25/2014  3:00 pm  Show Profile   Bookmark this reply Add denny7000 to your friends list Get a Link to this Reply
I can assure you this is magnetic (hard to show) and has neither the RCM logo nor the P composition mark. This isn't a common penny but not as rare as the 2006P non-magnetic.
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mcshilling's Avatar
Canada
9163 Posts
 Posted 12/25/2014  8:59 pm  Show Profile   Bookmark this reply Add mcshilling to your friends list Get a Link to this Reply
Good fined, you do have the right one, not rare but hard to find.

MS64 may go 65 out of 2x2
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RoyalSilver's Avatar
Canada
933 Posts
 Posted 12/25/2014  9:01 pm  Show Profile   Bookmark this reply Add RoyalSilver to your friends list Get a Link to this Reply
looks like an MS-64
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atticguy's Avatar
United States
1373 Posts
 Posted 12/25/2014  10:31 pm  Show Profile   Bookmark this reply Add atticguy to your friends list Get a Link to this Reply

Quote:
I can assure you this is magnetic (hard to show) and has neither the RCM logo nor the P composition mark.



You're right! I mis-read the title of this post.

Yes, this is the rare 2006 (and one I really wish I had also), and from what I understand it's worth $50 or more. Congratulation!
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denny7000's Avatar
Canada
1018 Posts
 Posted 12/25/2014  10:42 pm  Show Profile   Bookmark this reply Add denny7000 to your friends list Get a Link to this Reply
I have never had any of my coins graded, how much does this cost usually and does it add to the overall value of the coin. I have found several of these and was considering selling a couple. So is it better to get them graded first before attempting to sell or sell without grading. I have also thought about keeping them for awhile as the CND mint tries its best to destroy our penny.
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gidjit's Avatar
Canada
1980 Posts
 Posted 12/26/2014  3:12 pm  Show Profile   Bookmark this reply Add gidjit to your friends list Get a Link to this Reply
i just sold one of mine for $250 US in a lower grade than yours on ebay a few days ago
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gidjit's Avatar
Canada
1980 Posts
 Posted 12/26/2014  3:22 pm  Show Profile   Bookmark this reply Add gidjit to your friends list Get a Link to this Reply
but I must add that these are not common at all, I went through 2 million pennies last few years and only found 38 of them
Edited by gidjit
12/26/2014 3:29 pm
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gidjit's Avatar
Canada
1980 Posts
 Posted 12/26/2014  3:31 pm  Show Profile   Bookmark this reply Add gidjit to your friends list Get a Link to this Reply
funny thing is 2006p magnetic are much more rare in circulation as I only found 2 of these but because they are in many mint sets they are not rare
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denny7000's Avatar
Canada
1018 Posts
 Posted 12/26/2014  3:43 pm  Show Profile   Bookmark this reply Add denny7000 to your friends list Get a Link to this Reply
Thanks gidjit for the info. Was the one you sold on ebay graded or not. I have found about 8 of these and none of the 2006P in searching over 600,000 pennies. I have found people selling the 2006P in sets as well, but was hoping to find one CRH but no luck yet.
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gidjit's Avatar
Canada
1980 Posts
 Posted 12/26/2014  3:46 pm  Show Profile   Bookmark this reply Add gidjit to your friends list Get a Link to this Reply
it was non graded
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denny7000's Avatar
Canada
1018 Posts
 Posted 12/26/2014  3:53 pm  Show Profile   Bookmark this reply Add denny7000 to your friends list Get a Link to this Reply
Wow that is a fantastic return on a 1 cent penny search, congrats! Are you still getting CND pennies to hunt through where you reside?
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gidjit's Avatar
Canada
1980 Posts
 Posted 12/26/2014  4:05 pm  Show Profile   Bookmark this reply Add gidjit to your friends list Get a Link to this Reply

Quote:
Are you still getting CND pennies to hunt through where you reside?
i haven't searched for a few weeks but just picked up more pennies at the bank the other day
Edited by gidjit
12/26/2014 4:06 pm
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punman's Avatar
Canada
849 Posts
 Posted 12/26/2014  4:08 pm  Show Profile   Bookmark this reply Add punman to your friends list Get a Link to this Reply
I paid $42 for one of these in high grade on ebay earlier this year. It included postage and GST.
I don't think grading a coin makes it more valuable per se - an MS63, graded or not, is still an MS63.
What it does for me as a buyer though, is gives me more confidence that it really is an MS63 although the grading company could be wrong. Some random guy grading his own coin is more likely to be wrong and more likely to inflate the condition of his own coin. With an expensive coin I may only want to buy from a third party graded coin if I trust the grading company.
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