Do Plain Lincolns Have To Get Graded To Sell?

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Author	Replies: 8 / Views: 958
Shabri Valued Member United States 84 Posts	Posted 01/04/2019 9:27 pm Plain Lincoln Penny, does it have to get graded to sell? 2.5g Penny diameter 19.05mm and 1.52mm thick. Thank you for your help. Edited by Shabri 01/04/2019 11:34 pm Report this Post to the Staff

jimbucks Pillar of the Community United States 4694 Posts	Posted 01/04/2019 9:31 pm Selling to who? A scrap dealer for 1 cent? Report this Post to the Staff
Shabri Valued Member United States 84 Posts	Posted 01/04/2019 9:33 pm Thanks Jim:D Report this Post to the Staff
Jim0815 Pillar of the Community United States 5240 Posts	Posted 01/04/2019 9:38 pm To answer your question, no. A coin does not to be graded to be sold. The cent blank that you have may be worth up to about four dollars. Report this Post to the Staff
Shabri Valued Member United States 84 Posts	Posted 01/04/2019 10:02 pm Thank you Jim0815. You're Awesome. :) Report this Post to the Staff
Halo1st Pillar of the Community United States 2775 Posts	Posted 01/04/2019 10:56 pm I don't won't to go to deep down this rabbit hole, but will see. Currently its not a plain Lincoln, it appears to be a planchet. A planchet is a blank that's been through the upset mill or process. It will exhibit a proto rim. Weight and diameter will help confirm if it is of US specifications or foreign. Maybe wrong, but I'm thinking grading might cost more than one would sell for. Old school used to be Type 1 = blank, and Type 2 = planchet. NGC has designated listings of Type 1 blanks, Type 2 blanks and planchet. https://www.NGCcoin.com/news/article/328/ Coming out of the hole now..... Thanks, Doug. Report this Post to the Staff
TNG Bedrock of the Community United States 10284 Posts	Posted 01/04/2019 11:03 pm There are two types of blank planchets. One that has been rolled and has a raised rim ( Type II ) and one that has not yet been rolled ( Type I ). In the back of my Red Book it tells me that a "No raised rim" ( Type I ) copper Lincoln Cent blank is worth $4.00 retail, where one with a "Raised rim" ( Type II ) must be a little more common being worth $3.00 retail. Report this Post to the Staff
Shabri Valued Member United States 84 Posts	Posted 01/04/2019 11:29 pm Thank yall for your expert and helpful information. My question is....... Is this a planchet with no rim valued at 4 bucks? Report this Post to the Staff
John1 Moderator United States 56855 Posts	Posted 01/05/2019 05:02 am Check ebay sold for a value. $4 seems high. John1 Report this Post to the Staff
	Replies: 8 / Views: 958

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