Information on a U.S. 1942 Penny

Hello everyone,

I am new to the forum, very excited to gain more knowledge on my coins and about collecting in general.

I have this 1942 Penny minted by the United States of America. As far as I can tell, there are no mint marks on this coin. My question is, it it worth sending this coin to PCGS to get graded (Yes I do have a PCGS account)? Is this a $1 penny or a couple hundred $ penny? What are the factors that make this more or less valuable.

Thank you for your time.

 

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Welcome. What you have is a common, circulated, 1942 cent, one of 657,796,000 minted in Philadelphia.

Your coin is worth about 1 cent. If you have a PCGS account, you should be able to tell the cost to send it in. Not worth it, unless you enjoy lighting money on fire.

 

Haha thanks, I appreciate the advice. Before posting I was planning on sending it in with other coins. (Will not be sending it in now)

 

What other coins are you planning on sending in, if I may ask?

 

Welcome to CT, let's see what you are sending in. If not being too personal, what country are you in?

 

Welcome to CT. Do you have a Red Book? If not, please pick one up, even a used one a few years old as the prices even in the newest edition are out of date, but the information in them is invaluable.

 

Welcome to the neighborhood @N2theCAPE !

As a general rule of thumb, most savvy collectors will not submit a coin for grading unless it is worth about $200-$300. ~ Chris

 

Welcome to CT. You have a common date Wheat Ear Cent. It's worth a cent or a cent and a half depending on where you sell it.

 

I am planning on sending in 3, 2oz octagonal silver Panama Pacific coins. Also I am planning on getting some Australian coins in the near future that I would be including in the package as well as the ones I have attached. All coins are from Cuba except for silver dollar obviously.

I am open to opinions.

I live in New York, U.S.A of Cuban decent.

 

I don't have a red book, is it for world coins or just U.S.A?

 

So, I'm not a huge Cuban coin expert...but a quick glance through my world coin guide and I don't see anything here of any real value. Unless I am missing something, I would not send these to PCGS. It's simply not worth the money. If they are special/sentimental and you want ideal protection for them...I'd use airtites.

 

None of those are worth the money to send to PCGS.
Like @CamaroDMD said, use airtites.

 

The Red Book (A Guide Book Of United States Coins - R.S. Yeoman) is for US coins. The pricing in it is not that good, so one a year or two old is pretty much as good, and much cheaper. Good for information and relative pricing. I really like Cuban coins though I can't tell you why. I find them in 5/$1 bins and don't think many have a very high value. To submit coins for grading, in general you can either be a member of the grading organization ($) or take them to a dealer to have them submit them for you. Either way it's not a cheap process. Dealers sell very attractive holders that would protect and display your coins.

 

Also, I'm not sure PCGS will even grade those Panama Pacific 2 oz rounds, as they are private issue bullion. Even if I'm wrong with that assessment, those bullion pieces are just that--bullion.

Each piece I imagine sells a little over spot, so let's call it $60. Even if PCGS did grade them, the value of them is far too low to warrant slabbing them.

 

Lol PCGS will slab anything if you pay them.

 

Best place to use for a reference when you start out with grading is the pcgs photo grade site. It is a wealth of information.