Posted 03/13/2005 12:02 am
Hey Grovey!
That's a pretty well persevered coin for pulling it out of change. The first question I might ask is are there any visible signs of wear? It's hard to tell from the photo. Let’s suppose it was languishing in a roll or in someone’s penny jar and you rescued it from circulation right away. It looks like it would qualify as full red as the percentage of brown seems minimal. That may change soon if somebody got a greasy fingerprint on it that has not yet browned it out! Lets also suppose it state of preservation is MS65R...you have a $5.00 to $7.00 retail value coin. It’s tough to spend $10-15 to find out unless you submit it as a filler to make a TPG's minimum submission requirement. Now jump to MS66-67 and you could retail at $25.00 $50.00 in a major TPG'S slab. The downside of the whole thing is that many dealers have roll after roll of mint state modern pennies lying around and they can usually be purchased for not much over face value. Having said all that you snatched a very clean 21-year-old penny and keeping it is exactly what I would do! Mike
That's a pretty well persevered coin for pulling it out of change. The first question I might ask is are there any visible signs of wear? It's hard to tell from the photo. Let’s suppose it was languishing in a roll or in someone’s penny jar and you rescued it from circulation right away. It looks like it would qualify as full red as the percentage of brown seems minimal. That may change soon if somebody got a greasy fingerprint on it that has not yet browned it out! Lets also suppose it state of preservation is MS65R...you have a $5.00 to $7.00 retail value coin. It’s tough to spend $10-15 to find out unless you submit it as a filler to make a TPG's minimum submission requirement. Now jump to MS66-67 and you could retail at $25.00 $50.00 in a major TPG'S slab. The downside of the whole thing is that many dealers have roll after roll of mint state modern pennies lying around and they can usually be purchased for not much over face value. Having said all that you snatched a very clean 21-year-old penny and keeping it is exactly what I would do! Mike
