Hello, 1st - welcome to the forum 2nd - your picture is way to blurry to be of any real use 3rd - your coin was most likely a victim of PMD (post mint damage) and is not an error
The value of copper in each wheat Lincoln is worth about 1.4 cents. It is worth 40% more at minimum. It would cost you 2 cents to get it from me
That price is for grade A copper. These coins are not made out of grade A copper and therefore are not worth 2 cents.
Spending it really all depends on your preference. I love wheat cents and would never spend one no matter how bad the damage was.
Factory, nice. The price you can get for copper cents if it was legal is 1/2 cent each, as explained in another thread. Copper would have to go to $6 to break even on melting copper cents.
I can handle wheats until they are heavily damaged. Worn flat is ok. But damaged, I throw back to the wild for someone who can appreciate them.
That Lincoln is in honor of the young soldier sharing the box at Ford’s Theater the night he was assassinated; after firing his one-shot derringer he slashed the soldier before leaping out of the box. Steve
Disagree. The copper in the brass/bronze alloy is not Grade A copper, and if it were legal to sell for melt, which it still is illegal to do so, you would only realize 1/2 cent from the smelter. It's a moot point. So all this horse manure about saving all your pre-83 copper cents for their copper content is just that---manure. Spending them for face value is your best option. Like most, I save all wheats. But some are so badly worn (now) to be only worth face. I spend those as they are not worth putting into a flip. I save all Lincolns that are 58 or better, or are a key date. The ones that are in a worse state of wear have little to no interest to collectors and appreciate so slowly that their value is negligible. Spark
Coins are struck at a US Mint. Not created in a factory. So what you want to ask is if it's a Mint Error not a Factory Error.
Yeah, that 1909-S V.D.B...is it a G4? I'll give up 2 cents for it. Seriously, I am partial to wheats and keep everything prior to 1940, keep VF20 or better through 1949 and XF40 or better to 1958. The other day while CRH I ran across a 1946-S that had terminal environmental damage. It just confirms how difficult it is becoming to find collectable wheats in circulation. A sign of the times...Spark
Let's say you have a tub of 100,000 copper cents, $1000 face value. If you were allowed to melt it, you would realize $500. Not including time, storage, and transportation which are significant expenses. So what happens now? If you cash them in at the Coin Star you are giving up 11%. Although there are no fee gift cards avail. Even if you dump them at a bank, you may be charged up to a 5% fee. If they take them at all, they may not. You could try to spend them, (coin acceptor at the grocery) but it's not practical to do more than about 500 at most and even then the machine can jam or get full before you are done, and that would take a year or more to get rid of your 100,000 cents. There may come a time in the future when cents production are halted and the deadline for redemption has passed. And everyone with a 55 gallon drum of them will be stuck melting them for half price.
