Mint state like pennies Let me k

hey guys. I was wondering if any of these coins are worth getting looked at. I watched this video and they seem to say that these are pretty hard to find in good condition and mine are in pretty good condition. The worse thing I could find on a few of them are black spots. Let me know what you think

 

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These coins are worth 20 cents or less even in this condition.
I don't know what grading costs, but if you spend $20 to have one of
these coins graded, it's still going to be worth 20 cents.

 

So why am I finding coins in worse condition then some of my coins for like 1000 dollars. Like a 1958 d , my coin looks better than his but his is 1000 dollars and mine is 20cents. That doesn't make sense to me lol

 

If its a video as on utube or such, they get advertising money each time they grab someone. "Clickbait". I do wish it was true, as I literally have rolls and a couple of bags of some of those. Welcome. Jim

 

Maybe you could show us a picture of the 1000 coin.

 

I do not know a lot about coins yet But I find Cents in that shape and better in most every box, They go in the Save for copper pile.

 

Why don't you take your coins to a local coin shop and see what they tell you.
I was just trying to save you some money on grading fees.

 

Sorry about the coins, but Coin Talk gets lots of questions from people who are new to the hobby and have watched the videos. There are some coins that are worth hundreds or maybe more, but you can't really find them in change. They are coins that are minted with no discernible flaws and being in circulation and/or contact with other coins is usually enough to knock them down in value. Finding one of these is like winning the lottery. They are worth big bucks because they are extremely rare (plus people with more $$ than sense will pay for them, but that's another story).

 

First, welcome to the neighborhood @Tyler Graton ! That's why they call it BoobTube. If you believed everything you saw there, you'd be bankrupt in a week.

By the way, don't bother saving any pre-82 Lincoln cents just for their copper. That's another fallacy.

Chris

 

OH really? I know they are on the still cant melt list but if copper goes up and they come off is it worth it? Or should I be taking them all to the dump bank?

 

In these images, I don't see a single coin which looks like it hasn't circulated. Although there are examples of of 1958-D Lincolns worth $1000 or more, those are the very highest-graded examples of the type, and extremely rare in that grade. Coins are graded on a 70-point scale, the distinctions at the upper end of that scale are very fine indeed, and although it's nothing against you that you haven't learned the grading process accurately yet, it_is necessary for you to learn it. Then you'll understand what makes a Cent worth $1000.

Ironically, when I went looking for examples of 1958-D's in MS67 to post here for an idea of what I'm talking about, I didn't find a single coin which I felt worthy of 67. That's kind of pathetic.

 

Look I am just asking questions lol obviously everything I heard was just bull crap. I just always seem to let myself down and I'm bout to give up on pennies and just look for silver. Lol obviously there's really nothing to be found in pennies lol

 

Unfortunately those coins are worth face value only.

 

That is not completely true, I searched about $5,000 in coins in the last few weeks I found 2 40% silver halves, And you know what I found a 1909 and 1910 us cent, With far better value than those two 40%er's Do not give up on cents!

 

Well I am sorry I wasted your time. I'm just trying to learn. im finding wasting your time on pennies is pathetic too. The fact that I think I can make money on them is pathetic.

 

Yes, don't give up on the cents. A graded example @ 80$ is actually 8000 times its value. not many other denominations have that going for them. IF I were you I would study the Lincoln cent as it can be the easiest to find in circulation and has a bunch of Variety's.
Here are two sites you can look through. http://varietyvista.com/index.htm
http://m.pcgscoinfacts.com/
Happy hunting and Welcome to CT.

 

If interested in varieties, cents will likely be the most fruitful, but if looking for date/mint/conditions carrying strong premiums, I wouldn't get my hopes up.

As for the video, it's very unfortunate that certain individuals are willing to mislead possibly many thousands of others all in order to hopefully make a buck, but is the reality today. That said, you did the wise thing by coming here, and don't hesitate to ask questions. Welcome to the forum.

 

If you take the time to call some reclamation centers in your area and ask them what they will pay for copper alloy (that's what pennies are!) you will learn that they will only pay about 25% of the current price for Grade A copper (pure copper).

It will take about 142 Lincoln cents to equal one pound. Do the math!

Chris

 

I don't think his post was meant to be insulting, Tyler. Direct and to the point, yes, but he's urging you to learn and is really very sound advice.

 

Here. I can't tell much from your pix except the black spots will keep any of them from being grade worthy.

http://www.pcgscoinfacts.com/Coin/Detail/2848

Is your 58 this nice front and back?

Look here before you give up.

http://www.pcgs.com/pop/