Suspicious buy on eBay

Does this look like a "legit" toned coin? It looks pretty and I was going to buy it but wanted to check here first to make sure I'm not being swindled out of $24:

http://www.ebay.com/itm/1957-Denver...59?pt=Coins_US_Individual&hash=item256abf9c63

 

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It's OK coin, but not worth 36.95 to me. As for it being AT or NT, I'm not sure. I personally don't like the spots on the reverse.

 

I've seen hundreds of these both in tpg plastic and raw. 50's wheat cents are out there by the tons in BU'ish condition and very attractive NT samples like these are not at all uncommon to find in raw or in plastic. This one does not strike me as anything special although it is attractive (except for the spots).

anyway,, nice colors,, but I wouldn't give more than $10 for it, at the most, and only after at least 6 beers. If it was in a tpg holder and made ~64 to 65, then a bit more. And only a bit more. You'll see some like this in 65 tpg plastic that are offered for 100+ clams... crazy imo, especially given how common these things are in that grade and with nice toning.

 

I like the description that states this 1957-D is a harder year to find. Really? There were 1,051,342,000 minted. I wouldn't consider that really hard to find.

I'd say avoid it, I wouldn't pay more than a couple of bucks for that penny.

 

I agree. Remember roll collecting was popular in the early 60's, and tons of coins around these dates were put away in sulphur containing rolls around this time. This is why 63/64 silver, and nickels and cents from the late 50's-early 60's are common toned. Raw BU coins+sulphur laced cardboard=toning. I have opened entire rolls of cents looking like this.

Not a bad coin, but not that kind of money to me.

 

Yup, I've even pulled some coins like this from uncirculated sets as well, from the cellophane packaging as well, maybe not as toned but clearly on the path of being toned like this.

 

100% natural mint set toning.

Frankly, it's a no-brainer.

Here's my example:



For some reason the 56 and 57 (and IIRC, 58) mint sets toned these coins. I believe it was the cardboard they were shipped in.

 

Thanks for the post Leadfoot! Do you believe the OP auction is a little pricey as well?

 

In my opinion, still doesn't make the penny worth $36 bucks though..

 

Because if this type of toning makes these pennies worth that much, I'm a freaking millionaire

 

Meh, price is in the eye of the beholder, but these coins are NOT hard to find, so I would not pay a significant premium for the coin.

With some patience, and looking through old mint sets, you can find one toned like this for about greysheet ask -- which was less than $10 if memory serves. So from that perspective, it is pricey.

Then again, $25 (or $36) is not a lot of money, so if the person is OK with $25 and they like the coin, who am I to second guess them?

 

Rodeoclown, I would immediately quit your day job and sell toned lincoln's then. That kind of price is not at all unusual, you can make a killing, and it's a lot safer than having a half ton bull trying to gore you. Have fun....Mike

 

But they're my precious's, I don't sell coins, ever! What goes into my collection stays in my collection.

 

Now THERE is a collector I resemble. I am just trying to figure out a way to be buried with mine, so I CAN take it with me.

 

Is that coin really worth that price? Personally I think its a bit high as they're not that hard to find. Sometimes I find toned pennies like that in my change.

 

Find one without active corrosion that spot on the E says go elsewhere to me.

 

Not worth the $$$$$ especially with those ugly carbon spots on the reverse.
It's a common date that was saved in rolls by the millions.