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 Replies: 10 / Views: 1,943 |
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New Member
United States
30 Posts |
Hi I have this 1960 D penny. that looks like new I have heard. that older coins that had been circulated and retained there shine are worth premiums can you guys please let me know if this is one of them  |
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Moderator
 United States
56855 Posts |
WADR, you need to practice your coin photo taking skills. The better the photo, the better we can help you. Also please rotate properly. Shinny does not increase value,grade does. Your coin is worth face value or copper value. John1  |
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Pillar of the Community
United States
7510 Posts |
 with john,also orient your pictured the right way, crop the picture to rid the unwanted background scenery,never handle coins with your BARE hands,the oil from your fingers will ruin the surface, if your image is not clear and focused no one would be able to help you.ask as many question as you can there are many expert on the site and glad to share their knowledge.Keep searching. |
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New Member
 United States
30 Posts |
Sorry about that I am taking better pics now thank you very much for your advice
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Valued Member
United States
131 Posts |
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Pillar of the Community
United States
1609 Posts |
Yes, certain modern coins' value skyrockets when the coin in question is high grade. However, these valuable coins are in the top of the tippity-top top of condition — If you found this coin in your change or in a bank roll, it is not in this sought-after condition, period.
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Pillar of the Community
United States
4085 Posts |
Coins like that are generally worth no more than a dollar or two in typical uncirculated grades. The odds of finding something of significant value in change are astronomical.
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Pillar of the Community
United States
6130 Posts |
Coin collecting as a casual hobby saw its peak in the 50s to early 70s. Lots of people saved entire rolls of coins, many of which are still sitting around somewhere. Mint state 1960s cents are quite common, and even turn up in circulation on a regular basis as rolls are cashed at banks. The only grades people will pay a significant premium for are grades in the 67-70 point range, as graded by a company like NGC or PCGS. If it has even the slightest scratch or rub anywhere on the surface, it won't make the grade. Take a look on ebay, and you will see that entire 108-coin sets of memorial cents in mint state will go for like $20-30. The premium is mainly the work that goes into building such a set. |
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Pillar of the Community
United States
2271 Posts |
Quote:Coin collecting as a casual hobby saw its peak in the 50s to early 70s. Lots of people saved entire rolls of coins, many of which are still sitting around somewhere. Mint state 1960s cents are quite common, and even turn up in circulation on a regular basis as rolls are cashed at banks. The only grades people will pay a significant premium for are grades in the 67-70 point range, as graded by a company like NGC or PCGS. If it has even the slightest scratch or rub anywhere on the surface, it won't make the grade. Take a look on ebay, and you will see that entire 108-coin sets of memorial cents in mint state will go for like $20-30. The premium is mainly the work that goes into building such a set. It should be noted that while one can buy bags of 1965 and earlier cents for next to nothing there are numerous cents made later that command significant premiums. There are rolls that wholesale at $20 or higher and even the early S-mint memorial cents have seen some pretty sharp wholesale increases. Many of the memorial cents are far from being common even in nice MS-63 because they were made poorly, have tarnished, or they have severe plating issues. Several dates also tend to have very unattractive surfaces. While it's true you can get a complete "BU" set of memorials for as little as $20 you can be certain these sets will contain some dates that are exceedingly ugly like the '68 or the '84. Dates like the '77-D or '79-D will be covered in scratches and gouges. The post-1964 issues aren't cheap because they are common; they are cheap because everyone believes they are common and therefore don't collect them. If people cared about memorial cents as much as they do wheaties many of their prices would be far far higher. Time don't fly, it bounds and leaps.
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Pillar of the Community
United States
2271 Posts |
It's not at all impossible to get an old Gem in change. People inherit such coins and are often told by coin dealers to just spend them or take them to the bank. If you get the coin before it changes hands too many times it can still be a Gem.
Most Gems that are actually seen in circulation are of recent date though.
I usually snag 6 or 8 Gems a year and 99% are recent date (no more than 3 years old). Older ones are almost invariably dated before 1965.
Time don't fly, it bounds and leaps.
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Bedrock of the Community
United States
94367 Posts |
Good discussion. Explore the forum, learn how to take better pics, and contribute whenever you can!  to the CCF! |
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Replies: 10 / Views: 1,943 |
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Posted 07/15/2018 10:24 am
