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What Makes A 1946 No Mint Mark Wheat Penny Valuable?

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New Member

United States
17 Posts
 Posted 02/07/2022  8:40 pm Show Profile   Bookmark this topic Add OldDMZVet to your friends list Get a Link to this Message Number of Subscribers
Can someone explain why the 1946 whaet penny with no mint mark has value? ebay has sold items in the four figure range down to cents. I feel like a blind man batting against Bob Gibson.
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mtuma3's Avatar
United States
744 Posts
 Posted 02/07/2022  8:46 pm  Show Profile   Bookmark this reply Add mtuma3 to your friends list Get a Link to this Reply
They made almost a billion of them... Unless you are seeing some in MS condition I have no clue...
Mark
ANA Member

My7070
Pillar of the Community
United States
1489 Posts
 Posted 02/07/2022  8:47 pm  Show Profile   Bookmark this reply Add halfamind to your friends list Get a Link to this Reply
Not worth much, even up to MS-65 — a couple of bucks on the upper end.
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Tanman2001's Avatar
United States
4399 Posts
 Posted 02/07/2022  8:48 pm  Show Profile   Check Tanman2001's eBay Listings Bookmark this reply Add Tanman2001 to your friends list Get a Link to this Reply
Nothing. A normal 1946 cent would not be worth $1k+.

I looked on ebay to see what listing you may be referencing: https://www.ebay.com/itm/313865719247

It says "best offer accepted", doesn't mean it sold for $1500. Just means seller was asking for $1500 and sold it for an unknown amount to someone who made an offer.

Seller has 0 feedback and a number of similarly ridiculously priced coins. I can assure you that coin is just a normal '46 and it did not sell for $1500. If there was a $1500 transaction related to that listing it wasn't in exchange for the coin that's for sure.
Edited by Tanman2001
02/07/2022 8:49 pm
New Member
United States
17 Posts
 Posted 02/07/2022  9:03 pm  Show Profile   Bookmark this reply Add OldDMZVet to your friends list Get a Link to this Reply
My bad. Thats an old trick with a shill bidder that did not pay but leaves a record for others to see. Is this why old people get scammed? My guard instincts are failing me.
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mrwhatisit's Avatar
United States
2954 Posts
 Posted 02/07/2022  9:23 pm  Show Profile   Bookmark this reply Add mrwhatisit to your friends list Get a Link to this Reply
Yeah, you will see a kazillion of insanely priced junk and common coins literally valued less than a dollar being sold for exorbitant prices, like Etsy, ebay, etc. There is a thread on this site about the worst coins being sold on these venue's.
Example: I have a common as dirt 1987-D Lincoln Cent with a bunch of errors (actually road rashed or very banged up coins, aka post mint damage, PMD for short) and I call it a huge unique mint error (it is no such thing) and I post it on Etsy for 35,000.00+ dollars, hoping to make a quick buck. This happens all the time, and it just comes with the territory of coin collecting online; we just have to know how to navigate it, and asking questions along the way like you are doing
New Member
United States
17 Posts
 Posted 02/07/2022  9:40 pm  Show Profile   Bookmark this reply Add OldDMZVet to your friends list Get a Link to this Reply
Takin my lumps early.:)
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mtuma3's Avatar
United States
744 Posts
 Posted 02/08/2022  12:17 am  Show Profile   Bookmark this reply Add mtuma3 to your friends list Get a Link to this Reply
If you dont ask, you dont learn... no dumb questions here... better to ask than get ripped off.
Mark
ANA Member

My7070
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Coinfrog's Avatar
United States
94367 Posts
 Posted 02/08/2022  09:01 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Please show us an example or an e-Bay link.



to the CCF!
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coop's Avatar
United States
62064 Posts
 Posted 02/08/2022  2:16 pm  Show Profile   Bookmark this reply Add coop to your friends list Get a Link to this Reply
Before you buy, get to know what is really going on with a coin. Asking later does not help you. (other than knowing now what you really have bought)
New Member
United States
17 Posts
 Posted 02/09/2022  12:44 pm  Show Profile   Bookmark this reply Add OldDMZVet to your friends list Get a Link to this Reply
Here you go coinfrog.
https://www.ebay.com/itm/255293415751

To coop: I have inherited all the coins that I have posted for opinions. No bad purchases here.
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coop's Avatar
United States
62064 Posts
 Posted 02/09/2022  12:56 pm  Show Profile   Bookmark this reply Add coop to your friends list Get a Link to this Reply
At least you are getting to know what you have and aprox values for them. Instead of finding out later, if someone buys them, then you will know later if you sold the gold mine, and you didn't end up with the shaft.
(Who knows, the bug may hit you yet, and you will become hopelessly addicted like us)
New Member
United States
17 Posts
 Posted 02/09/2022  1:05 pm  Show Profile   Bookmark this reply Add OldDMZVet to your friends list Get a Link to this Reply
Does purchasing a microscope and triple beam scale mean I am already addicted?
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Cujohn's Avatar
United States
7174 Posts
 Posted 02/09/2022  4:40 pm  Show Profile   Bookmark this reply Add Cujohn to your friends list Get a Link to this Reply
All you have to do is look at all of his listing. All common coins that he is trying to get someone to bite on.
New Member
United States
17 Posts
 Posted 02/09/2022  5:42 pm  Show Profile   Bookmark this reply Add OldDMZVet to your friends list Get a Link to this Reply
I failed to take my investigation past the sold item and check for customer feedback,,,of which he has none for coins.
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