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Reprocessed 1943 Steel Lincoln Cents

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dd27's Avatar
United States
666 Posts
 Posted 10/14/2016  06:20 am Show Profile   Bookmark this topic Add dd27 to your friends list Get a Link to this Message Number of Subscribers
Inspired by nss-52, who has written some excellent ebay Buying Guides, I decided to give it a go and write a guide about 1943 steel cents that have been chrome-plated or otherwise made to look all nice and shiny.

Please let me know if I need to correct anything in the guide, and thank you for all y'all have taught me!

http://www.ebay.com/gds/Reprocessed...72332/g.html

~ Mark
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aristarchus123's Avatar
United States
1695 Posts
 Posted 10/14/2016  07:21 am  Show Profile   Bookmark this reply Add aristarchus123 to your friends list Get a Link to this Reply
Very helpful! Thank you!
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T-BOP's Avatar
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 Posted 10/14/2016  07:33 am  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
Excellent guide for all Lincoln Cent collectors .
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KenKat's Avatar
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4085 Posts
 Posted 10/14/2016  10:57 am  Show Profile   Bookmark this reply Add KenKat to your friends list Get a Link to this Reply
Very nice job.
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dd27's Avatar
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666 Posts
 Posted 10/14/2016  1:30 pm  Show Profile   Bookmark this reply Add dd27 to your friends list Get a Link to this Reply
Thanks so much y'all. That means a lot to me.

~ Mark
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jbuck's Avatar
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188213 Posts
 Posted 10/14/2016  2:13 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Looks good, but Tip #2 needs some clarification. The steel strips were plated, then blanks were punched out (no plating on rim), and rims were upset to make planchets.

Other than that, good job.
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Coinfrog's Avatar
United States
94367 Posts
 Posted 10/14/2016  4:42 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Well done!
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GR58's Avatar
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11951 Posts
 Posted 10/14/2016  6:15 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
Good write up ...

I agree with Jbuck's suggestion
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Debrajc's Avatar
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 Posted 10/14/2016  6:18 pm  Show Profile   Bookmark this reply Add Debrajc to your friends list Get a Link to this Reply
Great job dd27!
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n9jig's Avatar
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997 Posts
 Posted 10/14/2016  11:20 pm  Show Profile   Bookmark this reply Add n9jig to your friends list Get a Link to this Reply
Very informative but I have one issue with it. Reprocessed steel cents are still genuine, but altered. Instead of calling unprocessed coins "genuine" (an thus inferring that reprocessed coins are not) I would call them "unaltered" or some other term to indicate they have not been replated.

The way it is written seems to indicate that the reprocessed coins are counterfeit. They are not, they are real coins but with an altered appearance. The alterations are to increase eye appeal and to obtain a higher price than that of an unaltered coin.
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PlumCrazy814's Avatar
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883 Posts
 Posted 10/15/2016  01:40 am  Show Profile   Bookmark this reply Add PlumCrazy814 to your friends list Get a Link to this Reply
I have a different take on "reprocessed" 1943 steelies. I personally do not take umbrage to the preservation by re-plating. I agree that this may make the coins less desirable by purists but I'd rather they be preserved and valued due to the reason why they were made of steel in the first place. This makes me take exception to the reference that the re-plated ones are numismatically worthless. I agree that the re-plated ones may be less worthy of any particular grade but I predict that they will be more sought over those allowed to corrode in the next 50 years. Beyond my trivial personal objections, I think your article is well written and accurately informative.
Edited by PlumCrazy814
10/15/2016 01:43 am
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joeysanders627's Avatar
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408 Posts
 Posted 10/15/2016  04:40 am  Show Profile   Bookmark this reply Add joeysanders627 to your friends list Get a Link to this Reply
I read it. Thank you for taking the time to write it.
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 Posted 10/15/2016  04:56 am  Show Profile   Bookmark this reply Add Thecollectible to your friends list Get a Link to this Reply
The link is very helpful and enjoy reading this topic
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dd27's Avatar
United States
666 Posts
 Posted 10/16/2016  03:42 am  Show Profile   Bookmark this reply Add dd27 to your friends list Get a Link to this Reply

Quote:
Looks good, but Tip #2 needs some clarification. The steel strips were plated, then blanks were punched out (no plating on rim), and rims were upset to make planchets.

Thank you jbuck! I really appreciate the suggestion.

But before I edit the article, I want to make sure I understand a term you used--"rims were upset"--what does that mean?

TIA,

Mark
Edited by dd27
10/16/2016 03:42 am
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dd27's Avatar
United States
666 Posts
 Posted 10/16/2016  03:44 am  Show Profile   Bookmark this reply Add dd27 to your friends list Get a Link to this Reply

Quote:
Very informative but I have one issue with it. Reprocessed steel cents are still genuine, but altered. Instead of calling unprocessed coins "genuine" (an thus inferring that reprocessed coins are not) I would call them "unaltered" or some other term to indicate they have not been replated.

The way it is written seems to indicate that the reprocessed coins are counterfeit. They are not, they are real coins but with an altered appearance. The alterations are to increase eye appeal and to obtain a higher price than that of an unaltered coin.

Ah, excellent point n9jig! Thank you so much for pointing that out. I will edit the article accordingly.

All the best,

Mark
Edited by dd27
10/16/2016 03:53 am
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dd27's Avatar
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666 Posts
 Posted 10/16/2016  03:50 am  Show Profile   Bookmark this reply Add dd27 to your friends list Get a Link to this Reply

Quote:
I have a different take on "reprocessed" 1943 steelies. I personally do not take umbrage to the preservation by re-plating. I agree that this may make the coins less desirable by purists but I'd rather they be preserved and valued due to the reason why they were made of steel in the first place. This makes me take exception to the reference that the re-plated ones are numismatically worthless. I agree that the re-plated ones may be less worthy of any particular grade but I predict that they will be more sought over those allowed to corrode in the next 50 years. Beyond my trivial personal objections, I think your article is well written and accurately informative.

Thank you very much for your kind words, and (quite valid) perspective PlumCrazy814.

I actually don't think your objection is trivial, as it is based on logical reasoning and, thinking about how many properly identified 1943 reprocessed cents sell on ebay or elsewhere, a free market analysis would support your perspective. In other words, there is a market for reprocessed steel cents, and people are willing to pay 15 to 20 cents or more per coin when they are accurately identified as reprocessed. This is also a reason why I should not refer to them as being worth only face value or imply that they have no numismatic value.

Thanks again - going to edit the article now!

~ Mark
Edited by dd27
10/16/2016 03:52 am
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