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What Do You Make Of This Penny?

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xinfantry4id's Avatar
United States
114 Posts
 Posted 03/04/2011  9:36 pm Show Profile   Bookmark this topic Add xinfantry4id to your friends list Get a Link to this Message Number of Subscribers
*** Moved by Staff to a more appropriate forum. ***

What-Do-You-Make-Of-This-Penny?

What-Do-You-Make-Of-This-Penny?

What-Do-You-Make-Of-This-Penny?
Edited by xinfantry4id
03/05/2011 5:11 pm
Pillar of the Community
yotie's Avatar
United States
3077 Posts
 Posted 03/04/2011  10:40 pm  Show Profile   Bookmark this reply Add yotie to your friends list Get a Link to this Reply
i beleive that is call an lamination error and some folks really like em
Valued Member
xinfantry4id's Avatar
United States
114 Posts
 Posted 03/04/2011  11:05 pm  Show Profile   Bookmark this reply Add xinfantry4id to your friends list Get a Link to this Reply
Interesting
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xinfantry4id's Avatar
United States
114 Posts
 Posted 03/05/2011  10:10 am  Show Profile   Bookmark this reply Add xinfantry4id to your friends list Get a Link to this Reply
I wonder how much it is worth
Valued Member
xinfantry4id's Avatar
United States
114 Posts
 Posted 03/05/2011  5:14 pm  Show Profile   Bookmark this reply Add xinfantry4id to your friends list Get a Link to this Reply
?
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coppercoins's Avatar
United States
7629 Posts
 Posted 03/05/2011  5:46 pm  Show Profile   Bookmark this reply Add coppercoins to your friends list Get a Link to this Reply
Not much of anything, really. They are interesting, but they are also very common.
Bedrock of the Community
United States
20753 Posts
 Posted 03/05/2011  7:23 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Lots of error coin collectors around now. At coin shows I've seen complete tables of nothing but error coins. Even the simplist ones sell for $1 and up. Ones like that could go for about $5 or more. The trouble is that is what they are selling them for. For you to try selling one to a dealer is another thing all together. Probably less than a few dollars at best.
If your planning on selling it, try ebay.
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Maineman750's Avatar
United States
3592 Posts
 Posted 03/05/2011  7:28 pm  Show Profile   Bookmark this reply Add Maineman750 to your friends list Get a Link to this Reply
Agree with carl..saw a more dramatic example sold by a member for a little over $20....ebay has a big audience so you just never know.
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 03/06/2011  05:04 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
sell the sizzle, not the steak. write some copy about how someone didn't do their job and the alloy didn't get mixed, etc, and how the coin is 70 years old. people like buying coins (and stocks) that have a "story".
Valued Member
xinfantry4id's Avatar
United States
114 Posts
 Posted 03/06/2011  09:40 am  Show Profile   Bookmark this reply Add xinfantry4id to your friends list Get a Link to this Reply
HA
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coppercoins's Avatar
United States
7629 Posts
 Posted 03/06/2011  1:00 pm  Show Profile   Bookmark this reply Add coppercoins to your friends list Get a Link to this Reply
And that tends to overhype something and make people who really don't know the difference spend hard earned money on something that's not really deserving of a 'story' to sell it. Sell something based on its difficulty to locate, not on trying to make it something it is not.

The REAL story here is that in every bag of 5,000 wheats I go through I run into at least a hundred of these that are visible to some degree or another and recognize they are very common. I would consider it less than honest to try selling them at a premium just because I could. It's just wrong.

Just because you can 'make' a market for something doesn't mean the whole truth is disclosed. It also doesn't mean the purchaser has the experience to know whether the story is the whole truth. Get two people who don't really know the facts in a bidding war and a Three Cent coin can sell for a lot of dollars. Doesn't make it worth that, and doesn't make it ethical on the part of the seller.
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