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Replies: 17 / Views: 2,085 |
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Valued Member
United States
218 Posts |
I have several colorized and gold-plated 2010 Lincoln cents that I have removed from Littleton packaging. All of them weigh between 2.52 and 2.58 g, within the normal tolerance for a zinc cent. I understand they are considered damaged and are not worth more than face value, but I'm reluctant to put them back into circulation because I'm certain they'd pretty rapidly be suspected as 'funny money'. So now I'm just stuck with a bunch of useless coins. Thanks, Littleton! What say you guys? Are these coins spendable? Is there some easy way to remove the extra junk and effectively turn them back into normal 2010 cents? I've uploaded obverse and reverse pictures of these cents for reference. Apologies if they're bad pictures - they're from my cellphone camera.  
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Bedrock of the Community
United States
94367 Posts |
Littleton, the collector's friend.
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Pillar of the Community
Canada
5238 Posts |
Some people (like me) do have collections of gold plated and coloured coins in the novelty section of their collection. In case you are wondering, we would likely pay very little for them. The gold plating cannot be removed. Perhaps the colour can be removed by soaking in acetone, but you would spend more than 3 cents worth of acetone to do so. I am sure that they would sell on ebay for a small amount, or a coin dealer would surely give you at least face value for them.
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Pillar of the Community
United States
1373 Posts |
I doubt there would be any problem with using them as 'real' money. In fact, some might appreciate the novelty.
Many 'purist' coin collectors despise colored coins, but I actually like them. I don't feel there is any amount of investment value in them, but I do like the 'arty' aspect of them, nonetheless.
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Valued Member
United States
232 Posts |
My mother-in-law liked to order things from Franklin Mint (plates, colored coins, etc.) she bought the 2005-2006 colorized Jefferson nickels. They really look nice but I know they aren't worth what she paid for them. I stuck them in the unused holes at the end of my 1938-2006 Dansco album. They "jazz" up that page. I guess she bought them from Littleton. Found the link. You too could own these fabulous coins for the low, low price of $23.95 (plus tax and S&H) https://www.littletoncoin.com/shop/...alogId=29555
Edited by DanFielding 12/28/2022 10:49 am
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Moderator
 United States
94636 Posts |
Quote: Many 'purist' coin collectors despise colored coins I guess that makes me a 'purist' - So I would either gift them or just spend them.
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Rest in Peace
United States
18456 Posts |
Send them to Canada , they'll love them . 
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Pillar of the Community
Canada
5238 Posts |
Quote: Send them to Canada , they'll love them Yes, some people will love them. In fact, most of my coloured coins are US coinage! That suggests that Americans love them more, or at least love to make more of them than anyone else.
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Pillar of the Community
United States
7273 Posts |
I would spend them they won't get too far. People will pocket them really quick and then post them on here as real gold error pennys
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Pillar of the Community
 United States
3634 Posts |
I find some of these types of items interesting to look at, especially some of the very old enameled coins, but would never actually buy one. I recall many years ago I acquired as part of an accumulation of coins a gold plated Indian Head cent. At some point I dropped it into a tip jar as I figured if nothing else it would be a conversation starter for whoever found it. Mint-issued colorized coins, like the basketball commemoratives, I also have zero interest in. Even those I consider to simply be a novelty item...
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CCF Master Historian of USA Commemoratives
 United States
12250 Posts |
@DiscoLover82: As you already understand that the coins are not "priceless treasures" - I would just keep them as interesting novelties within your collection - as DanFielding described.
There's really not much sense in trying to remove the gold/color to "turn them back into normal 2010 cents" or trying to spend them. Just enjoy them for what they are - numismatic novelties. They'll always be worth a discussion!
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Pillar of the Community
United States
1648 Posts |
There is nothing generally wrong with colorized or enhanced coinage - some come from the mints themselves as special editions with limited mintages or are added as special options to coins and can enhance its potential for demand, collectibility and value. However, these days I see quite a lot of 24k gold plated (or platinum), colorized, and even hologram versions of standard USA coinage sold mostly as novelties. This is where sometimes there are issues such as sometimes coins were sold not for novelty/enhanced look for personal collections but as investment pieces due to some type of 24k gold/platinum plating http://goccf.com/t/428226#3678541 and otherwise that the mint has never made gold or similar quarters for example, then it has been plated by a third party and destroys the potential numismatic value of a coin. This just means that if a older quarter was found to be worth thousands in a top grade condition, and your coin being in a mint set happened to be in that condition but was plated,, it would not have the same value as the original unplated one. So long as you understand that, they are otherwise enjoyable novelty items that can be collected, given as gifts, or just as a conversation piece since they are different. Novelty items can increase in value due to any rarity such as long after they are discontinued there are more people wanting one than is out there offered for sale (supply vs demand), but otherwise will just not increase in value due to the coin itself increasing in value. Some came in nice presented sets and do have nice looks to them, people will buy them for personal collections and enjoy them. Actually over time some may sell for a bit more since they are no longer made or are of specific coins that had nice designs people want such as some of the quarter designs were for one year only, novelty items still sell. Just dont go into it if you buy them thinking you have something that is going to greatly increase in value over time. The coins as you have been told correctly really are just face value numismatic value wise once they are plated/enhanced. Counterstamped/countermarked coins are another novelty type coin that are popular as well despite being damaged with no numismatic value. And as someone who greatly enjoyed collecting Lincoln cents as a child I would keep those just enjoying them for what they are rather than some attempt to profit from them,.
Edited by datadragon 12/28/2022 9:47 pm
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Moderator
 United States
15381 Posts |
I would simply keep them as novelty items.
Take a look at my other hobby ... http://www.jk-dk.art
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Pillar of the Community
United States
3207 Posts |
if you spend them I doubt any cashier will notice or care, given how little purchasing value one cent has
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Moderator
 United States
187446 Posts |
Quote: I would simply keep them as novelty items. Sounds like the easiest thing to do.  Quote: if you spend them I doubt any cashier will notice or care, given how little purchasing value one cent has I agree. If they really bug you, make it the next person's problem. 
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Valued Member
 United States
218 Posts |
I got a quarter for these coins yesterday at my local coin shop. I was surprised he gave me that much!
Cheers to everyone for the input.
Edited by DiscoLover82 12/30/2022 09:33 am
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Replies: 17 / Views: 2,085 |