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Best Looking 59 Penny I've Seen. I'd Like To Get It Graded. Is It Worth Doi

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United States
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 Posted 10/03/2019  5:38 pm Show Profile   Bookmark this topic Add Fender79 to your friends list Get a Link to this Message Number of Subscribers

Best-Looking-59-Penny-I've-Seen.-I'd-Like-To-Get-It-Graded.-Is-It-Worth-Doi
Best-Looking-59-Penny-I've-Seen.-I'd-Like-To-Get-It-Graded.-Is-It-Worth-Doi

Looking under my magnifying glass you can see full steps on this penny! I've never sent anything to grade because I'm not sure on what is worth doing or how to, or who to use. Any help appreciated
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John1's Avatar
United States
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 Posted 10/03/2019  5:53 pm  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
Needs to grade MS67RD to justify all grading costs. I do not think yours is that high.http://www.numismedia.com/rarecoinp...proof=&plus=
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Yokozuna's Avatar
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 Posted 10/03/2019  5:55 pm  Show Profile   Bookmark this reply Add Yokozuna to your friends list Get a Link to this Reply

It looks nice, but their are thousands of 1959 LMC that look this good or better. I saw a mint sealed bag of 1959 cents for sale this week. Look at the price on a coin like this and figure if it's not worth more than $150 you really don't want to spend the money to have it graded. Some people even say coins worth $250 or less aren't worth grading.
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Best-Looking-59-Penny-I've-Seen.-I'd-Like-To-Get-It-Graded.-Is-It-Worth-Doi


Edited by Yokozuna
10/03/2019 5:57 pm
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Nieuw's Avatar
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 Posted 10/03/2019  5:58 pm  Show Profile   Bookmark this reply Add Nieuw to your friends list Get a Link to this Reply
I need better pics to assign a proper grade
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Coinfrog's Avatar
United States
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 Posted 10/03/2019  6:08 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Both obverse fields seem to have issues in this pic.
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 Posted 10/03/2019  6:22 pm  Show Profile   Bookmark this reply Add Fender79 to your friends list Get a Link to this Reply
It's in the plastic still but with a naked eye it looks like it just came from the mint an hour ago. I'll take it out and try better shot
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moxking's Avatar
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 Posted 10/03/2019  6:29 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
We aren't trying to discourage you from looking for NGC or PCGS or even ANACS grading, but very common coins need to have VERY high grades to be worthy of the expense.

In the case of the coin you show I'm sure it's 65, or maybe 66 Red, but a 66 Red isn't worth enough to qualify.

A lovely example well worth a 2x2, but probably not a TPG.
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 Posted 10/03/2019  7:52 pm  Show Profile   Bookmark this reply Add Fender79 to your friends list Get a Link to this Reply

Best-Looking-59-Penny-I've-Seen.-I'd-Like-To-Get-It-Graded.-Is-It-Worth-Doi
Best-Looking-59-Penny-I've-Seen.-I'd-Like-To-Get-It-Graded.-Is-It-Worth-Doi

Here are better pics outside the card. I don't know if full steps means anything for an LMC but this one has it
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BadThad's Avatar
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 Posted 10/03/2019  8:24 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
That's a proof, not a business strike. The spot on the reverse hurts it. Appears to have light abrasions or fingerprints in the obverse fields. PR-64 (worth about $4)
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 Posted 10/03/2019  8:31 pm  Show Profile   Bookmark this reply Add Fender79 to your friends list Get a Link to this Reply
Oh well. Back to the drawing board. I gave 50c for it so it's a small win
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Nieuw's Avatar
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 Posted 10/03/2019  9:16 pm  Show Profile   Bookmark this reply Add Nieuw to your friends list Get a Link to this Reply
It's a proof coin. Pretty unique I'm going for PF-64
Edited by Nieuw
10/03/2019 9:17 pm
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United States
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 Posted 10/04/2019  10:25 am  Show Profile   Bookmark this reply Add Fender79 to your friends list Get a Link to this Reply
So are proof coins less desirable or worth less than higher grade business strike coins? I get the impression that nobody is impressed with proof coins. I'm somewhat new to this. I've about given up on errors and focusing more on high grade coins.
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Nieuw's Avatar
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 Posted 10/04/2019  3:05 pm  Show Profile   Bookmark this reply Add Nieuw to your friends list Get a Link to this Reply
Proof struck coins are generally more desirable than business struck coins, especially the modern silver proof ones
Edited by Nieuw
10/04/2019 3:09 pm
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 Posted 10/04/2019  11:26 pm  Show Profile   Bookmark this reply Add Fender79 to your friends list Get a Link to this Reply
Cool. Thanks nieuw
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IndianGoldEagle's Avatar
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36841 Posts
 Posted 10/05/2019  10:08 am  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
This is a Proof with enough marks to make the grading cost more than the coin is worth.
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