1977 d ?? New just found this one cool

Discussion in 'Coin Chat' started by David Rogers, Jan 9, 2021.

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  1. David Rogers

    David Rogers Member

    Just asking questions thanks for your time
     

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  3. SensibleSal66

    SensibleSal66 U.S Casual Collector / Error Collector

    Hey David , Welcome to CT !
     
  4. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Welcome to CT. So what is your question?
     
  5. yakpoo

    yakpoo Member

    Welcome to CT!

    From your title, it sounds like you're asking if your coin is a 1977-D. I vote "Yes".
     
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  6. David Rogers

    David Rogers Member

    Sorry I didn’t write the title well. I understand they turn red due to the elements of life. But are they worth saving
     
  7. David Rogers

    David Rogers Member

    Thanks
     
  8. yakpoo

    yakpoo Member

    Your Cent contains about 2.9545 grams of copper, and there are about 453.59 grams in a pound. The price of copper on Jan. 8, 2021, was $3.67 a pound. That makes your Cent worth 2.4¢. With the direction the Dollar is heading, I would hang onto it.

    It's too easy to put together a very high grade collection of Lincoln Memorial Cents. That's where I would focus my effort if I were you.
     
    Last edited: Jan 9, 2021
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  9. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Well.... That’s the thing about coin collecting. You can’t do it wrong. Most of what us collectors keep are coins that appeal to us for one reason or another, yet those coins often have little real intrinsic value. I can certainly see the appeal in holding onto a red cent.
     
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  10. David Rogers

    David Rogers Member

    My wife an I have been saving coins since being kids. We have jugs upon jugs of coins an bills. We have a huge collection of red an gold notes. Stuff from the 1800’s but just starting to look at our coins. Cause the prices people are getting
     
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  11. Michael K

    Michael K Well-Known Member

    Please stop with the copper fallacy. It is illegal to melt copper cents.
    Secondly, copper is an alloy and if it were allowed to be melted, it brings 25% of the spot price. Copper is high right now, $3.66. The highest it has even been is $4.63. In order to just break even, it would have to be $6 a pound. That doesn't include storage, moving jugs of copper around, transportation, time, and inflation. Anyone saving copper in cents is going to lose money.
    As for value, no it's not worth saving. If you like it, it doesn't cost anything to save it. Here is a red one I dug up.
    Red.png
     
  12. David Rogers

    David Rogers Member

    Thanks that’s what I’ve been thinking we are starting to run out of room for storing our coins an we never spend change. I really like this 2000 D cent I found its unique to me
     
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  13. yakpoo

    yakpoo Member

    I would definitely begin by seeing how many albums I could fill up, while preserving any valuable finds. Happy Hunting!!!
     
  14. David Rogers

    David Rogers Member

    Nice yeah I’m going to save for myself
     

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  15. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    It sounds like you already have a fine collection underway. Have you picked up a Redbook so you can get a feel for what you may have?
     
  16. yakpoo

    yakpoo Member

    It's illegal to tear down statues, but people do it. Btw, copper is an element, not an alloy. The Cent planchet is an alloy.
     
  17. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    You're quoting a value for Grade A copper. The Lincoln cent is not Grade A copper, and is only worth about 25% or about 92c per pound. It takes 142 pennies to make a pound. Do the math!
     
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  18. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Yes, the planchet is an alloy, and as such, is only worth 25% of the value of Grade A copper.
     
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  19. David Rogers

    David Rogers Member

    I haven’t I’m going to start getting more stuff to learn. Just been searching stuff now I’m disabled I’m bored. It’s good for my head looking at coins
     
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  20. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    You would love this book then. It is inexpensive and just loaded with easy to use information. Anyone with even a small interest in coins needs the Redbook. Take my word, you will not be disappointed.... Often time you can find the previous year’s edition in overstock type stores. And the information never changes so they are always usable.

    image.jpg
     
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  21. yakpoo

    yakpoo Member

    Until it's refined into Grade A copper. Whose gonna melt a single Cent, anyway? I was just pointing out that it has an intrinsic value apart from it's numismatic value.
     
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