So, I actually started cleaning my room last night, lol- & found two rolls of pennies I can’t even remember how or when I got them, but who cares when you find something like this?!!! Needless to say, my room is still a mess, but I found wheat pennies! So who can let me in on what error/errors variety this is? I would assume it’s broadstruck, and then I thought a strike-through, but I’m not all too sure that includes the actual design or if those are just objects, and then I thought it was double struck because of the “L” above “Liberty”. I took a few pics knowing many of you could help me! And if this is something I decided to sell one day, would it be worth having it graded? Thanks as always for all your help!
Sorry, but it's a vise job. Notice how the letters are backwards. The flat spots on the back are from whatever it sat against. Not an error
DEFDAM - Definitely Damaged.. As stated by the others it a Vise job. Another Wheat was pressed against it with a lot if pressure to create what you have found. Looks interesting but unfortunately it's not a mint error of any kind
Uggggghhh! OMG! I should just quit! Lmao!! Can you tell me why there is another L above Liberty? And is it broadstruck? Did I get anything right?!!!
Granted, people can collect whatever they like. The only suggestion I would give to this person if they want to keep it is that they note on the 2x2 that it is post-mint damage (PMD). I can't count how many times we've had newbies, here, posting coins they received from a deceased relative's estate that are not worth more than face value. They get mad because they think we are lying to them. They insist, "Why would they keep them if they aren't special?" So, if you're going to suggest that someone keep a coin like this, do us all a favor and tell them to note on the 2x2 that it is just damage.
A broadstrike USUALLY affects just one side of the coin since one side is against the die (imprinting positive detail from the incused die) and the broadstrike side is against an unreleased struck coin (imprinting incused detail from a positive coin.) I'm sure someone will know of exceptions and terminology errors.
There is a market for known counterfeits and fakes, but usually at a fraction of the value of the real thing. If you are upfront about it and are not violating certain laws about fakes and counterfeits, it has some value simply as an intriguing piece. If a counterfeit gains widespread acceptance, it is called a Restrike. These were original dies sold at scrap and used to meet the demand of very early 18th century collectors. The 1804 Large Cent Restrike comes to mind. But PMD usually ruins a coin's numismatic premium unless the artistry adds it's own value like the Potty Dollars and Hobo Nickels. I'd probably give you a nickel for it as a vice sample. It's been a long time since I checked on the value of the copper in the pre-zinc Lincolns, but it was about three cents then.
I'm not disputing that. But I am intrigued with some PMD like altered dates, Countermarks, Counterstamps, Engraving and PMD created errors. At the right price of course.
Some of those fall in the "cool" category. Am I right? And we're all attracted to cool, me too, why the hell not?
It's amazing that people continue to quote a value for copper cents based on the price of Grade A copper. Lincoln cents are an alloy, and as such, are only worth about 25% of the value of Grade A copper. It takes about 142 pennies to equal one pound. DO THE MATH!
9852/ton = 4.926/lb = .03469/cent = .008673/ adj. Cent. Of course, this would be the only coin whose bullion value would be calculated this way. I'm certain similar adjustments would have to be made to most of those as well. A pre-1982 Bronze is 95% copper so strict bullion content value is 3.2956 Cents. This is the way bullion value is calculated for silver and gold.