Gold Wheat Penny

Discussion in 'Coin Chat' started by Andy Kim, Jan 6, 2015.

  1. Andy Kim

    Andy Kim Member

    I got this wheat penny off eBay. I got this about 1 month ago. Can you guys please tell me what this is worth? DSCN1720.JPG DSCN1727.JPG
     
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  3. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    It's hard to judge from these photos because of the lighting.

    Chris
     
  4. ldhair

    ldhair Clean Supporter

    The image makes it look plated. If you can, put your lights at 10 and 2 and bring them closer to the camera (higher angle to the coin).
     
  5. Treashunt

    Treashunt The Other Frank

    nothing, plated

    oops


    worth one cent
     
  6. torontokuba

    torontokuba Thread Crapper & Hijacker, TP please.

    Shiny, new, plated cent given away as a freebie by at least one US seller/dealer, that is how I ended up with two of these, here in Canada.
     
  7. krispy

    krispy krispy

    Not if actually plated with precious metals, then maybe two cents :D
     
  8. -jeffB

    -jeffB Greshams LEO Supporter

    Oh, come now. The copper alone is worth a good 1.8 cents. The gold plating probably brings it up to at least 3 cents, maybe even 4. :)

    To answer the OP: it doesn't have much intrinsic value, and most collectors don't put much of a premium on these, either. I see that one sold on eBay recently for $7.99 plus $2.49 shipping, but another sold for one cent plus 53 cents shipping. I personally wouldn't pay more than a few cents for one, but on eBay, there's no telling what people will pay.
     
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  9. torontokuba

    torontokuba Thread Crapper & Hijacker, TP please.

    I won't even waste a coin holder on mine...

    goldwheats494.jpg
     
  10. physics-fan3.14

    physics-fan3.14 You got any more of them.... prooflikes?

  11. -jeffB

    -jeffB Greshams LEO Supporter

    I was actually thinking something along that line, but with a different slant.

    There are a lot of coins like this -- coins that "look different" or are "shiny" -- that will catch someone's attention. Collectors call them "damaged" and turn up their noses at them.

    But if a child (or an adult!) finds one in a handful of change, it might catch his interest. It might lead him to ask someone else about the coin, or to start paying more attention to other coins that they come across. Eventually, he might start collecting. (He or she, of course.)

    So, don't think of it as "spending". Think of it as "sowing new collectors". :)
     
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  12. spirityoda

    spirityoda Coin Junky

    1 cent
     
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  13. torontokuba

    torontokuba Thread Crapper & Hijacker, TP please.

    More importantly, a cent that most coin collectors would go out of their way to avoid, solely due to the third party modification.
     
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  14. tommyc03

    tommyc03 Senior Member

    Sadly it has no value but face if it has been altered with a gold plating. If it was B.U. to begin with then it would have been worth more w/o plating. Much like stickered and colorized coins, the collector value is gone and is only worth what you consider it to be to you and you alone. I once tried to steer a friend away from the gold plated state quarters because of this but he felt the gold plating would make them more valuable. Maybe a hundred years down the road but not in his lifetime. He bought them anyways. Littleton Coin Co. did this also as a freebie when making a purchase as does Mystic Stamp Company.
     
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  15. torontokuba

    torontokuba Thread Crapper & Hijacker, TP please.

    There is this poor guy I see on another forum with a gold plated set of 5 state quarters. He's been trying to unload them for almost 5 years. Same chips in the plating, same photos, same coins. Like I said, poor guy.
     
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  16. tommyc03

    tommyc03 Senior Member

    Reminds me of the gold foil stamps with First day Covers, a lot of hype about the gold foil but in reality, anyone who has collected First Day Covers and then tries to sell them, takes a beating. They sell for pennies a piece no matter what company issues them (Art Craft, Fleetwood).
     
  17. Markus1959

    Markus1959 Well-Known Member

    Yep - plated THINLY with low carat gold costing almost nothing to do - then sell on Ebay to the uninformed or use in making jewelry like rings and coin braceletes!
     
  18. swamp yankee

    swamp yankee Well-Known Member

    Looks plated to me,hope you didn't pay much for it...
     
  19. Andy Kim

    Andy Kim Member

    Lol I paid $5. NO! NO! MY MONEY!
     
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