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Replies: 16 / Views: 2,155 |
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Pillar of the Community
United States
549 Posts |
I'm trying to add up the components of a recent purchase to see if I got an ok deal or if I overpaid. I'm not sure about this coin... I would guess this is XF-40 and worth about $25. Am I grading too high? And is there any evidence that it's been cleaned?   Edited by mahgobbi 01/24/2008 7:55 pm
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Pillar of the Community
 United States
549 Posts |
Forgot my other question...
I know this penny isn't off-center enough to give it any value to an error collector, but does the slight off-centerness *take away* from its value as a "normal" coin or does it carry the same value as any other similar condition 22-D?
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Pillar of the Community
United States
1083 Posts |
I would call this nice looking cent a VF-30. To be graded a XF-40 you would need to see all the grooves in the tops of the wheat stalks clearly differentiated. There is also just a tad too much wear on lincoln's ear and hair and coat with several marks or dings. Not sure about the cleaning without seeing it in hand. IMO $25 is a fair price for this coin.
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Pillar of the Community
 United States
549 Posts |
Thanks for the response. I was hoping it was worth about that much. I bought a pre-filled 1909-2007 album (nice quality album) for $85 shipped because it included 5 dates that I was missing. This was one of them. The other three were 26-S (VG), 11-D (VG), 13-D (VG), and the 1970 small date. As it turns out, he included a large date 1970 in the small date hole, so I'll have to take that up with him via email. I was also able to upgrade a few of the pennies that I already had to better quality.
The album has very few holes other than the keys and semi-keys, and I have a few coins here that I can fill in some of the gaps with, then I'll resell the entire album to recoup a good portion of my investment. Most of the other coins in the album are in F-UNC condition, and some of the "good" dates (1909 VDB and early teens with mint marks) are in F or VF.
Hopefully after removing the four dates that I wanted, plus upgrading a few others, I can still sell the rest of the album for about $60.
Edited by mahgobbi 01/24/2008 11:03 pm
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Pillar of the Community
United States
2049 Posts |
I have a question about how you photographed those pictures. Those are really sharp. Do you use any special set up for this?
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Pillar of the Community
United States
1283 Posts |
I agree with okie's opinion of VF-30. I'm very bad at spotting cleaning unless it's blatantly obvious, so I can't help there. Other than the distracting spot at the stem of the left wheat ear, I would say it's a very nice VF example.
I don't have gray sheet in front of me, but if my memory is correct $25 is a good price for a VF 22-D.
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Pillar of the Community
 United States
549 Posts |
No special setup. I have a 3-year old Sony Cybershot with 7.2MP. I set the camera to the highest resolution, turned on macro mode, and snapped. I have to take the photo from about 8"-12" from the coin in order to get good clarity, so after I took the shot I cropped out the coin.
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New Member
United States
8 Posts |
Good looking coin but it has been cleaned.
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Pillar of the Community
United States
2335 Posts |
quote: Good looking coin but it has been cleaned.
I'm always trying to learn, could you elaborate on this? I look for hairlines & funky colors to determine if a coin has been cleaned. I'm not seeing hairlines, & I can't tell from the picture what the color is actually like.
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Pillar of the Community
 United States
549 Posts |
I'm also learning and I'm getting to where I can now sometimes tell if a coin has been cleaned. Normally I can tell if the coloring just isn't right or if the coin seems to be nice looking except for a buildup of dirt in the crevices. On this coin I just couldn't tell. It looks uniform all over, but it had a little more "shine" to it than most coins. I figured it wasn't cleaned, but had an olive oil job. The color in the photo is pretty close to exact.
Somers - can you tell us what you see that indicates prior cleaning. I'm trying really hard to learn how to spot it.
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Valued Member
United States
82 Posts |
I would also like to know why somers72 thinks this cent has been cleaned? What exactly gives it away?
I want to be able to spot cleaning myself. Looking at this coin, I don't see obvious evidence. Please educate us, somers72.
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Valued Member
United States
82 Posts |
BTW mahgobbi, I think it is a nice 22-D.
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Bedrock of the Community
United States
20753 Posts |
Not sure of how you collect your coins but as long as you have a substantial amount of duplicates of those, why not just start a second set. I did that with Whitman Albums way, way, way back. Now have 10 completed sets. It takes time but as long as you have them, they are paid for, you've got nothing to loose.
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Pillar of the Community
 United States
549 Posts |
Actually, this is my first 22-D and I'm definitely keeping it. I only started collecting in December and I've managed to accumulate a good starter collection because I don't keep duplicates. I'm not dealing with a heck of a lot of money to pour into expensive coins, so I've been buying everything in bulk (to get the lowest price per coin), cherry-picking what I want, then reselling the rest. By doing it this way and NOT keeping all of the duplicates, I'm able to break even on all my purchases...kind of like building a free collection.
I've worked on putting together extra books, but only because the resale value on a book is better than the resale value on coins by the pound. I keep the best for myself and put the rest of the good stuff in books to sell, then I take the trash and sell it by the pound.
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Valued Member
United States
259 Posts |
That is an interesting purchase, mahgobbi! I had not thought about it, but that would be an excellent way to fill lots of holes. Thanks for the idea.
John
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Bedrock of the Community
United States
20753 Posts |
I still think you would be much better off starting duplicate sets of those. The reason is the expected massive increase in value with the comming of the 2009 cents. And as I said you already have them so nothing to loose for now by keeping them a little longer. You could be improving 2 or more sets slowly and eventually have more than one decent set. If you take your time doing this it would more than likely be worth it in the long run. In buying completed sets you for sure may come out ahead but be carefull. Probably lots of ones like the one you bought with the wrong 70S.
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Replies: 16 / Views: 2,155 |