how much is this penny

Discussion in 'What's it Worth' started by Donovan Coleman, Dec 15, 2018.

  1. Donovan Coleman

    Donovan Coleman New Member

    How much is this ???
     

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  3. TyCobb

    TyCobb A product of PMD

    1 cent. Considering in other posts you say you never seen a 2003 before. Still worth 1 cent as there were 3.3 billion minted in Philadelphia and 3.5 billion minted in Denver for that year.

    That coin is severely damaged.
     
  4. Donovan Coleman

    Donovan Coleman New Member

    That’s what makes it worth money
     
  5. Seattlite86

    Seattlite86 Outspoken Member

    Sorry, but damaged coins are not worth more. Error coins are. Your coin has been damaged in circulation and is not worth any more than face value. The best way to find coins of any value is to first learn the minting process.
     
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  6. Donovan Coleman

    Donovan Coleman New Member

  7. Seattlite86

    Seattlite86 Outspoken Member

    Sorry, but damaged coins are not worth more. Error coins are. Your coin has been damaged in circulation and is not worth any more than face value. The best way to find coins of any value is to first learn the minting process.
     
  8. TyCobb

    TyCobb A product of PMD

    Like @Seattlite86 says (apparently twice :hilarious:) errors are what can be of value when dealing with circulation coinage. You can also try and find key dates (based on the specific denomination) and also try to find one in the most pristine condition as possible. It's much harder to do any of this with your average change. Many people do coin roll hunting and hope to get customer rolled rolls in hopes of finding older coinage such as someone's old collection or even silver.

    It's a hobby and not a way to get rich quick, but it can be a very fun and cheap hobby based on what you are doing. I say cheap because you can "buy" $20 in coins, maybe keep $1 worth of coins and turn the rest back in for new coins to go through.

    But! If the coin has been to hell and back, it's 99.9999% of the time only going to be worth face value.
     
    Seattlite86 likes this.
  9. Seattlite86

    Seattlite86 Outspoken Member

    Lol, double posts happen when my home internet is running slowly.
     
  10. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Your coin looks odd because it has worn through the copper coating to expose the zinc core . . . The Mint changed from making them of a solid bronze alloy to this much less costly copper plated zinc core to minimize their cost of putting new cents into circulation. Someday there will be lots of these, disclosing the ugliness of our short-sighted government's solution to the problem of trying to maximize "profit" on coining or printing our currency.

    While it's really called seniorage and not profit, no government should be making money on making money. They should be issuing currency with representative real intrinsic value instead.

    Regarding what it's worth . . . Just one cent in the government's eyes . . . Even less in my own. Sorry to burst your bubble.
     
    Last edited: Dec 15, 2018
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  11. Rick Stachowski

    Rick Stachowski Motor City Car Capital

    How thick is the rim on that coin ?
    Looks like a dryer coin ....
     
  12. Collecting Nut

    Collecting Nut Borderline Hoarder

    If damaged coins were worth money, all of us would be damaging every coin we got our hands on.

    Damaged coins are only worth face value.
     
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