| Author |
Replies: 16 / Views: 2,218 |
|
Pillar of the Community
United States
1450 Posts |
I found this in a roll today and based on all the info you folks have provided in the past, I think this penny grades VF or XF. What do you think? Approximate value? 
|
|
|
|
Pillar of the Community
United States
3507 Posts |
Maybe lower end of EF  , value 15 cents to a quarter tops. Most dealers pay 3 cents tops for a circulated , common date Wheat cent. I hope this helps, Thanks, Bill
Edited by foundinrolls 06/05/2008 01:17 am
|
|
Pillar of the Community
 United States
1450 Posts |
For my education, what do you see that put it lower XF and not VF?
|
|
Pillar of the Community
United States
7629 Posts |
It's VF30. Not enough original luster (flow lines) and the coin is too dirty to make EF.
And yes, the grade is correctly "EF" - not "XF". It's "extremely fine" and "extremely" begins with an E.
Thanks to the grading services who do NOT go by the Sheldon 70 point standard when grading coins....they've got the term for the grade all messed up for the younger collectors who don't know any better.
|
|
Pillar of the Community
United States
666 Posts |
I agree with the VF30 designation.
I'm also guilty of using XF and EF interchangably. When I was first starting out in collecting 30 years ago most guides (at least the ones I had) used the term XF. I actually like XF better but have been trying to condition myself into using the term EF as that's what's "Correct"
|
|
Pillar of the Community
United States
3507 Posts |
Yeah, I was hasty. VF-30 is a better call.
Also, Thanks to Chuck for pointing out the EF vs XF in terminology. EF is correct. I too was brought up on XF. It's a hard habit to break:-)
|
|
Pillar of the Community
United States
7629 Posts |
That's really odd, because I started in the mid-70s and used the ANA guides to learn grading...and they specifically state for the record that the grade is EF. It was around 1985 before I saw XF used the first time and wondered what drugs they were on. For me it strikes a sour note to see XF used, just like x-ing, x-mas, x-over. Just grinds at my nerves. Same thing when I hear a supposedly educated dealer say "That coin is extra fine"....that really sets me off. Of course then again, most dealers set me off with one thing or another they do that show they are into selling widgets and don't really care about coins.
|
|
Pillar of the Community
United States
750 Posts |
Hey Chuck.. Tell us what you really think LOL.....
I do agree the x thing has always been a rub me wrong spot with me as well. Especially x-mas. Grrrrrr... Ok, off to the widget store to see what I can purchase..
|
|
Bedrock of the Community
United States
19930 Posts |
Wrong forum section...for one...but... That's a VF coin, no way it would make EF. Quote: It's VF30. Not enough original luster (flow lines) and the coin is too dirty to make EF.
And yes, the grade is correctly "EF" - not "XF". It's "extremely fine" and "extremely" begins with an E.
Thanks to the grading services who do NOT go by the Sheldon 70 point standard when grading coins....they've got the term for the grade all messed up for the younger collectors who don't know any better.
Ahhhhh....finally someone that agrees with me. I've been corrected for using EF, bah....that's it, I'm only using EF for now. All you XF peeps can kiss my grits. 
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
|
|
Pillar of the Community
United States
3507 Posts |
Hi, This is pure conjecture but... In looking through a 1961 edition of "A Guide Book of United States coins" R.S. Yeoman. (The Red Book), they use EX. FINE as an abbreviation for Extremely Fine. It may have happened that a further abbreviation somewhere down the line by some (Not used by the book) became XF . Again, it's conjecture and EF is correct, but I am pretty curious about how things get messed up up with terminology especially when I butchered it myself :-) The Book that Chuck mentioned continues to have a spot where it explains, EF not XF and that the A in AU refers to ABOUT not ALMOST! Thanks, Bill
Edited by foundinrolls 06/05/2008 01:16 am
|
|
Member
United States
3242 Posts |
1 letter or number can mean a lot today with all the data entry so X mean a lot to some & not a thing to others. 
|
|
Bedrock of the Community
United States
12437 Posts |
Another thing that muddies the waters is that PCGS and NGC use XF while ANACS and ICG use the historically correct EF 
|
|
Pillar of the Community
United States
7629 Posts |
Thus my comment regarding the 'grading services'.
Many times when I go to correct a dealer's terminology, the first thing they do is grab a slab and show it to me. As if the slabbers invented grading and what they do is gospel. The dealers don't realize that grading as we know it was around for 40 years before the plastic.
|
|
Moderator
 United States
16677 Posts |
I'd say VF30 as well.
swcoin.ecrater.com
|
|
Pillar of the Community
United States
3640 Posts |
This is a fun topic :) Semantics 101 I have to agree with Charles (do not know the man well enough to call him chuck) "I was out and ABOUT one VERY FINE morning the sun was shining and the breeze CIRCULATED through my EXTREMELY FINE hair. Felt nice, only problem was some AG cop (thought he was G man ) stopped me and said, you look familiar, have you ever been to the MINT in the STATE of colorado ? I replied no, I was just released from prison and I had been out of CIRCULATION for a while. He took me in any way for questioning. After hiring an attorney, he told me to plea bargain my case and I would only have to pay a small FINE. How much I asked, Two Bits he said. Hell, I used to get a shave and a haircut for that amount. I finally agreed and went on my way. Many years later I met a GEM of a woman. She was BRILLIANT. A school teacher and always gave out good GRADES. I asked her why she always gave out such good marks to all of her students ? That's my CHOICE she said. A moral to this story ? I don't know. But a woman is always a PCGS ( pretty clever girl sometimes)"
I can hear the moans and groans from here !! I gotta go out and get a cocktail tonight. Bye.
|
|
Bedrock of the Community
United States
12437 Posts |
|
| |
Replies: 16 / Views: 2,218 |