My first large wheat bulk purchase was great. Long story short, I purchased 1100+ wheats plus a few BU modern pennies up to a 1990d, for $65. Alots and alots of nice stuff with only 10% of the 40s and 50s being troubled coins, making that instant bullion. So technically I paid 5 cents for this coin. Too bad about the ding. I was wondering how much that ding affects the value, considering its age and the condition its in.
I am no expert but someone will correct me if I am wrong, but at least 1/2 of the value of a problem free coin... too bad its not an s mint.
Oh let me correct that, I mean full wheat lines. But Lincolns hair looks all detailed too. And not bad scratches and dings.
I think you got a nice EF-40 specimen(in its current condition with the ding), it might have even been AU if not that dent.
Your estimate on the grade is pretty close. The ding to me is serious and I wouldn't pay 1/2 the value. It is a filler for an album, but for 6 cents , it is worth more than purchase price. The grade would not be improved if the dent was not there, as grade is based on wear rather than damage. One could call it genuine, damaged, details VF-35, if one wished.
Then you could add tooled or repaired to my description. yes I know you were kidding I might be surprised at what it would sell for on eBay.
I know you are kidding, and I know this is blasphemy, but seriously, coins are collectables that seem to be un-repairable. Most other collectables can be repaired, even ancient coins can be improved with cleaning, but not coins. Just a thought.
Always cool to find a 1909 VDB in a bulk lot of wheats... in any condition!! Very cool and congrats!!! Sure, the ding hurts the value quite a bit, but it's still a neat find and there are tons of 1909 VDBs out there in way way worse shape than this one for sure.
The coin this one replaced is much more worn and has a red tone to it that I dont like. Maybe someone else would but I dont. Ill post a pic later. I feel a bit spoiled at the moment, considering what I paid, the condition and its age, it will be hard to replace. Even with that ugly ding.
Here is the short version. I spent an hour typing up a complete story on this purchase only to have the site log me off, which aggravated me to no end. True or not, this is his story and I beleive him. The gentlemen I purchased this lot from was 82 years old. Started collecting in the 50s, when the bulk of the coins were collected. He also liked mercury dimes (which I missed by 1 day :/ ). 1964 he started hoarding silver until the 70s, then became heavy into the arts. He had tons of quarters and said well over 1000 dimes,which he let go at spot, THE DAY BEFORE :/ . Up to 1939, all the coins (about 125 of them) are in great shape, the 1940s coins (450) and 1950s (550) break down like this: 10% are either bullion coins or G6 at best 40% are Fine to VF30 50% are VF35 or better Came with a BU 54-d and a few modern coins to 1990d
As some of you know, Im new to collecting, so my thoughts on the condition of these coins are based on wear. Most coins have great eye appeal, some don't. Some coins are spotty but overall I am quite happy
