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What's it Worth This is a special section for people to get opinions on what your coin is worth. It's most helpful to post a photo, but also please include a very detailed description.

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Old 04-08-2005, 12:48 PM   #1 (permalink)
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Question American Cent

how much is a 1950 American Cent worth?


Last edited by sweetblue; 04-08-2005 at 01:07 PM.
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Old 04-08-2005, 12:53 PM   #2 (permalink)
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Correct term is a Cent, pennies are what the British have... But, unless it's in Uncirculated condition, maybe around .05 cents - .10 cents
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Old 04-10-2005, 10:31 AM   #3 (permalink)
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Quote:
Originally Posted by Pennycase
Correct term is a Cent, pennies are what the British have... But, unless it's in Uncirculated condition, maybe around .05 cents - .10 cents
Cent and penny are used interchangeably. The coin says ONE CENT but a bank will sell you a roll of pennys. In the grade of Extremely Fine 1950 Cents list at 20 cents regardless of mintmark.
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Old 04-10-2005, 04:33 PM   #4 (permalink)
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We aren't taught any better in school the differance between a penny and a cent. But, if you know where to sell 1950's wheat cents in EF for .20 cents, please let me know.

Penny:

Cent:
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Old 04-12-2005, 08:56 AM   #5 (permalink)
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"But, if you know where to sell 1950's wheat cents in EF for .20 cents, please let me know."

The price I quoted is an "average" retail value. It was taken from the May 2005 Coin Prices magazine and represents the approximate price one might pay if one were buying it from a dealer.

Perhaps there is a rough "Rule Of Thumb" for figuring the price one might get if one were selling to a dealer? Maybe stated as a percentage of retail for those without access to Grey sheet information? This would be much more helpful than a lecture on semantics.
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Old 04-12-2005, 11:38 AM   #6 (permalink)
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That's the problem with price guides like the one you mention in Coin Prices - you can't really use a percentage or rule of thumb because the values listed in the price guides are not realistic to begin with. Some of the time they are off by 50% - other times they are off by 200 - 300%.

The best rule of thumb there is - is to not believe what you read in the price guides. I have yet to EVER see one be accurate.
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