1922 Lincoln Cent Sold Then ANACS Graded..

Wow, I'd have never thought it'd go above G4. Well, you still turned a nice profit and he got a coin for less than its "current" value now that its been graded out.

The 1922 and 22-D both have a notoriously weak strike, leading to those Lincolns being more leniently graded and having a higher grade that what it looks like at first.

These threads are posted specifically in the coin grading area so a reader knows that they are for that purpose.

I personally enjoy them very much and they are a great tool for improving one the most important aspects of the hobby. I spend a lot of time studying and grading Lincolns and this is one of the best way for me to learn how I am doing.

There are opportunities to make money in this venue, one is finding something that someone has missed identified such as Morgan VAMs and another comes from coin grading. My guess is that most collectors shy away from buying a coin from someone that has graded it at MS-63 on the chance that it will go MS-65, especially if it is an expensive coin. Most don't trust their grading skill that much and this is where I feel lies a great opportunity. If you can get that good, your can cherry pick by grade.

This coin is a perfect example of this. If you graded it VG-8, would you have had the guts enough to give G-4/6 money for it with that knife attack on the obverse. My guess is the guy that bought it wanted a 22 no date and got a great deal even if it only graded G-4. Now, if he believed that it was a VG coin and paid $300 he did exactly what I am talking about. This coin in VG on the graysheets is going $620 bid and $680 ask in January. And now, if you really want to put pressure on yourself, what would you of asked for this coin with out the slices and what would you have paid.

No, I am so glad we have these types of posts. I really thought this coin was G-4/6 but would not be graded because of the cuts. I KNOW that I have learned more about this coin and TPGs in general from this and that is invaluable. Thx for the post, Johnny.

Jim

I too, thank you Johnny for bringing this up.I guess sometimes we can all be very critical of our coins as I am.I try my bestest but this is all about the learning process.I do agree that it was a good thing that the buyer decided on ANACS for grading or we wouldn't have had this exercise.
P.S. I learn something here EVERY day.
P.S.S. Just an after thought, I found a 1922 plain in my Fathers old coins.After getting the loupe on it I could see definate die grinder marks below the date.He didn't have it marked as anything special so I knew that he knew it was tampered with.I set it free back to the wild with the rest of my bank returns.Hope it gives someone a jolt.