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Is This 1992 Penny Worthy Of Grading?

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Lrnin2Coin's Avatar
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 Posted 01/16/2023  6:27 pm Show Profile   Bookmark this topic Add Lrnin2Coin to your friends list Get a Link to this Message Number of Subscribers
So I don't no enough she's making educated guess on what this could possibly be slab worthtyit, your thoughts and suggestions would be awesome folks
Is-This-1992-Penny-Worthy-Of-Grading?
Is-This-1992-Penny-Worthy-Of-Grading?
Is-This-1992-Penny-Worthy-Of-Grading?
Edited by Lrnin2Coin
01/16/2023 6:31 pm
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Lrnin2Coin's Avatar
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 Posted 01/16/2023  6:28 pm  Show Profile   Bookmark this reply Add Lrnin2Coin to your friends list Get a Link to this Reply

Is-This-1992-Penny-Worthy-Of-Grading?
Is-This-1992-Penny-Worthy-Of-Grading?
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Lrnin2Coin's Avatar
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 Posted 01/16/2023  6:29 pm  Show Profile   Bookmark this reply Add Lrnin2Coin to your friends list Get a Link to this Reply

Is-This-1992-Penny-Worthy-Of-Grading?
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jimbucks's Avatar
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 Posted 01/16/2023  6:34 pm  Show Profile   Bookmark this reply Add jimbucks to your friends list Get a Link to this Reply
No
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captainmandrake1's Avatar
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 Posted 01/16/2023  6:35 pm  Show Profile   Bookmark this reply Add captainmandrake1 to your friends list Get a Link to this Reply
I don't think that's the rare variety. Probably not worth sending in.
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Lrnin2Coin's Avatar
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 Posted 01/16/2023  6:57 pm  Show Profile   Bookmark this reply Add Lrnin2Coin to your friends list Get a Link to this Reply
If you can get an Ms67 or higher, PCGS say $13000 and more lol
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captainmandrake1's Avatar
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 Posted 01/16/2023  7:04 pm  Show Profile   Bookmark this reply Add captainmandrake1 to your friends list Get a Link to this Reply
That's probably for the rare variety. Close am; you have the Wide AM.
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 Posted 01/16/2023  7:06 pm  Show Profile   Bookmark this reply Add halfamind to your friends list Get a Link to this Reply
No. NumisMedia lists a MS67 for this date at $26.25. This example is not going to achieve that grade. It would need to be MS69 to justify slabbing.
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captainkurt's Avatar
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 Posted 01/16/2023  7:09 pm  Show Profile   Bookmark this reply Add captainkurt to your friends list Get a Link to this Reply
Sorry, took too long to post...agree with all the

Is-This-1992-Penny-Worthy-Of-Grading?

Here is an MS-67 cent that I pulled an image of off of PCGS's web site. Can you see how clean the stairs are? Almost no marks anywhere on the coin as well? Would you agree that this coin looks much better?

If so, also realize that the person who sent this coin into PCGS paid WAY more to have it slabbed than the PCGS price guides suggestion of $24.

While I was learning to grade (and still am learning) I always check PCGS's website to compare pictures, price out value, and learn. Here is great too and we are glad you took the time to post. I am just trying to save you some time and give you another great source.
Edited by captainkurt
01/16/2023 7:11 pm
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CarrsCoins's Avatar
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 Posted 01/16/2023  7:14 pm  Show Profile   Bookmark this reply Add CarrsCoins to your friends list Get a Link to this Reply
the all time auction record for a 1992 cent is $2,875 for a MS69RD in 2008. a 69RD sold for $1,233 in 2020. I'm not sure where you are seeing 13k. maybe its the Close AM? there is only one MS67RD Close AM in existence. it sold for $25k in 2017.

you can pick up 68rd for like $100. 67rd is ~$25. it costs ~$50 to have a coin slabbed after shipping and taxes.

to grade MS67RD you coin would need to be nearly flawless. if you examine your coin you will notice several nicks and scuffs in the obverse field. those nicks will keep it from hitting top marks.

if you pay to have it slabbed the service will cost more than the value of the coin.
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captainkurt's Avatar
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 Posted 01/16/2023  7:14 pm  Show Profile   Bookmark this reply Add captainkurt to your friends list Get a Link to this Reply

Is-This-1992-Penny-Worthy-Of-Grading?
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datadragon's Avatar
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 Posted 01/16/2023  7:22 pm  Show Profile   Check datadragon's eBay Listings Bookmark this reply Add datadragon to your friends list Get a Link to this Reply

Quote:
If you can get an Ms67 or higher, PCGS say $13000 and more lol


PCGS website shows $24 for a MS67. MS 68 $80, MS69 $1,700. https://www.PCGS.com/coinfacts/coin...2-1c-rd/3098 Generally if grades of modern coins require going over MS-65 to have value over grading costs its typically not worth sending in unless you are very experienced to know the MS65-69 ranges which are not your typical coins. There is also a census there showing how many are graded in each grade, sometimes the top grade might only have 1 example meaning it would be almost like winning the lottery to have that grade come back if you ever see that and thats the only grade that surpasses grading costs if looking at this only from a value standpoint rather than enjoying collecting.

Be aware of varieties which is why some went higher such as the Close AM 1992.
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Coinfrog's Avatar
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 Posted 01/16/2023  9:16 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Save your money.
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CJ18850's Avatar
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 Posted 01/16/2023  9:35 pm  Show Profile   Bookmark this reply Add CJ18850 to your friends list Get a Link to this Reply
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panzaldi's Avatar
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 Posted 01/17/2023  08:39 am  Show Profile   Bookmark this reply Add panzaldi to your friends list Get a Link to this Reply
just to add an additional comment to the above. you have a better chance hitting the lottery than finding a coin in circulation that has enough value to be slabbed. there are some varieties but you need to be patient and look through literally thousands and thousands of coins to find one and even then if the coin was circulated its not going to grade high enough to warrant the costs
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