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 Replies: 12 / Views: 1,583 |
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New Member
United States
29 Posts |
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Pillar of the Community
United States
1648 Posts |
Hi Schism, Condition of the coins has a large impact on values. If you go to the PCGS price guide for graded coins, or the Red Book, you will notice that higher grades which may be rare in some cases can bring about a much higher value. https://www.PCGS.com/prices/detail/.../most-activeA mint state MS65 might be valued at $10 graded and there are 635 graded in this condition, but a MS67+ is valued at $13,500 because there is only one known of the 2 billion plus produced. A circulated example really is worth about its face value or in this case its copper value. You will see a lot of youtube videos harping on the high value but dont mention the condition and the number of coins found in those conditions as often. https://www.PCGS.com/coinfacts/coin...4-1c-rd/2890Edited by datadragon
08/16/2022 12:25 am
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Moderator
 United States
34395 Posts |
@sch, as noted above, some coins are very scarce and desirable in the highest levels of condition. These Two Cents have circulated some and are only worth face value. "If you climb a good tree, you get a push."
-----Ghanaian proverb
"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
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New Member
 United States
29 Posts |
Thanks for the response. Many of the 1964 Lincoln cents are in worse condition than the ones pictured with the same errors and are vlaued at a high rate. Many of which are in circulated condition.
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New Member
United States
29 Posts |
Im trying to understand the value of coins, Some of the graded Lincoln cents with a mint state of 65 and above sell fr only a few dollars while many that arent not graded are valued much higher. How does one determine the value of these coins
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Pillar of the Community
United States
1656 Posts |
What errors are you talking about? Also, don't confuse asking prices with actual value. Some venues like Etsy and ebay have ridiculous asking prices for common coins, but this doesn't mean anyone is actually paying that amount. |
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Pillar of the Community
United States
1648 Posts |
Quote:
Thanks for the response. Many of the 1964 Lincoln cents are in worse condition than the ones pictured with the same errors and are vlaued at a high rate. Many of which are in circulated condition.
Im trying to understand the value of coins, Some of the graded Lincoln cents with a mint state of 65 and above sell fr only a few dollars while many that arent not graded are valued much higher. How does one determine the value of these coins Condition is a main reason for the suggested value differences in the pricing guides, and then of course bidding or demand can flux the pricing but theres more. Sometimes people list items at ridiculous prices far beyond their true value on places like ebay and Etsy so that can be one answer to your question to not judge value by the listed prices. A solution for buyers is to check ebay's Sold items to see what prices they actually are being sold for instead and auction sold listings such as heritage auctions, great collections and others. You can get information on value of some errors and varieties in several places such as books like strike it rich with pocket change 5th edition that gives pricing valuation. These are in the conditions you normally might find in pocket change, but rare top grade examples can bid far higher due to their high condition. A 1964 cent that is very shiny that has a different looking surface to it intended for 1965 mint set, one sold for $11,000 but these you arent going to come across in pocket change. In 1964 the U.S. Mint struck circulation strike coins, proof coins and surprisingly, it also struck a very limited number of Special Strike coins also referred to as Special l Mint Sets (SMS). It is believed that only about a couple dozen sets of Special Strike coins were struck in 1964. However, to this date it is a complete mystery as to why these coins were ever produced https://www.PCGS.com/coinfacts/coin...-sms-rb/3283 Most of the other mentioned in the book are valued less than $100, but that doesn't stop someone to list it at $15,000 regardless of its true value or list it as something that it is not. |
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Pillar of the Community
United States
2376 Posts |
Schism
I agree with those above.
1964 is a common year to find in the circulated grades. It is also easy to aquire in average uncirculated condition. I actually have a mint sealed bag of 5000 bright red ones that I continue to look through periodically. In that quantity they only cost about copper melt value.
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Bedrock of the Community
United States
19118 Posts |
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Moderator
United States
94795 Posts |
@Schism:
Great question and has started a learning experience with this conversation. thanks.
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Bedrock of the Community
United States
94367 Posts |
 to the CCF! |
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Bedrock of the Community
United States
62064 Posts |
The value is on the back of the coin= ONE CENT.
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Pillar of the Community
United States
3402 Posts |
...condition...condition...condition KK |
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Replies: 12 / Views: 1,583 |
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Posted 08/16/2022 12:27 am
